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The Pepe price has plunged 7% in a week and 3% in the last 24 hours to trade at $0.000009166 as of 2 a.m. EST on trading volume that surged 34% to $566.37 million.
Pepe Price Prediction
The Pepe price has been showing signs of recovery, although it also encountered resistances which it struggles to breach. Regardless, the Ethereum-based meme coin is showing signs of progress, which suggests that this might be a good time for traders to move in on the token.
Pepe’s Bollinger bands, for example, are maintaining a solid distance from one another, currently being among the widest the meme coin has seen in the last few days. Its price has been fluctuating between the upper and lower band, however, suggesting that there is still uncertainty among the traders. Right now, the price has bounced up from the lower band and it finds itself at the neutral position between the two lines at the time of writing.
Similar performance can be seen from Pepe’s Relative Strength Index (RSI) value, which has been fluctuating around the neutral area of 50. It would climb as high as 62.68, or drop as low as 40.68.
This suggests that neither the bulls nor the bears have managed to grab control of the price leaving Pepe in an uncertain state.
Still, the Bitcoin price is starting to make waves again, and after the initial correction that marked the start of the month, the crypto sector may be ready to try to rally in the short term. Whether this will be the start of the expected year-long rally or simply another smaller one remains to be seen.
However, for the time being, the crypto sector seems to be gearing up for another surge — one that might bring BTC back to the $70k range, while Pepe could attempt a recovery back to $0.00001.
For now, PEPE seems like it is struggling against its resistances so perhaps the buying pressure might take a bit longer to grow enough to start pushing the price up.
Promising Alternative To Pepe
As Pepe slumps, a new, leading-edge Pepe derivative called Pepe Unchained (PEPU) is going parabolic in presale. PEPU has just stormed past $24.5 million in funds raised, making it one of the most successful ICOs of all time.
As the name suggests, this is an alternative version of Pepe — one that claims to be technologically superior to the original.
This claim comes from the fact that this is the first Pepe-based meme coin to have its own blockchain — a Layer 2 chain that allows it to offer near-instant transactions and low transfer fees, as well as the ability to scale.
On top of that, the project is also developing its own DEX, and a native block explorer. It’s also offering developer grants to help upgrade the network even more in future.
Compare this to the original Pepe, which is an ERC-20 token, limited by the technology of Ethereum’s network, and it is clear to see why thousands have rushed to buy PEPU, believing that it could possibly challenge and even replace the original once it goes live.
Pepe Unchained has brought excitement even among crypto experts such as ClayBro, a crypto YouTuber with over 130k subscribers. In a recent video, ClayBro speculated that this is at least a 10x crypto that is building the biggest, and possibly best L2 chain.
The token is selling for only $0.01219 and can be bought with ETH, BNB, USDT, or banks cards. Just don’t wait for too long as its next price increase is scheduled to take place in less than two days.
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