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The Pepe price surged 16% in the last 24 hours to trade at $0.00001036 as of 3.30 a.m. EST on trading volume that skyrocketed 74% to $1.3 billion.
The pump enabled PEPE to reclaim a $4 billion market capitalization, and it’s now soared 24% in a week as the broader crypto market turns bullish.
All top-ranking meme coins are trading in the green on the daily and weekly basis alike. The weakest weekly performer is Popcat with a surge of only 14%, while the strongest is Shiba Inu with a 33% increase.
Outside of the meme coin sector, Bitcoin managed to recover to $65k and presently trades at $65,488.
Pepe Price Prediction
The PEPE price surge has enabled the ERC-20 token’s holders to make sizable profits, but it seems like the third-largest meme coin has reached its limit for the time being. Pepe has proven to be unable to breach the resistance at $0.0000104 at this time, failing to mirror its success from July, and before that, May of this year.
In addition, technical indicators suggest that the token is likely to see a price rejection soon, which may turn into a correction. Its Bollinger bands have seen massive widening, and the price surge was so strong that the PEPE price went beyond the borders of the upper band. However, this is likely to cause traders to oversell once the project loses its bullish momentum.
At the same time, the PEPE Relative Strength Index (RSI) data suggests that PEPU has ventured deeply into the overbought zone, with its value currently at 84.12. With the overbought area starting at the value of 70, this means that most traders who make their decisions based on this metric should have started selling a while ago.
However, the strong bullish wave pushed the token to its current height, both in terms of price and the RSI value. However, unless this is the start of the true bull run, PEPE could see its price get pushed back, rather than proceeding.
Some cryptos, both among meme coins and the largest cryptos by market cap, are showing signs that the current rally might be weakening, with their performance on an hourly basis being in the red. Examples of this include DOGE, WIF, BONK, and BRETT among the largest mem coins, but also BNB, SOL, TON, and ADA in the wider market.
Pepe itself is still in the green on an hourly, daily, and weekly basis, but with the indicators pointing toward an upcoming correction, it will be up to the traders to decide the token’s short-term future.
Promising Alternative To Pepe
Despite PEPE being one of the top meme coin performers among the largest meme coins by market cap today, some in the crypto industry see an upcoming project called Pepe Unchained (PEPU) as a better opportunity.
Pepe Unchained is the newest Pepe alternative, which seeks to outperform the original on the technological level. The original Pepe is based on Ethereum, which means that it is limited by Ethereum’s own technical capabilities. As such, it struggles with high fees, slow transaction speeds, long waiting times, and the lack of scalability.
Pepe Unchained, on the other hand, is the first Pepe-inspired token to have its own Layer-2 chain. The blockchain was also developed on Ethereum’s network, but it operates independently and has its own technology. This allowed it to become “unchained” from Ethereum’s limitations, and become faster, cheaper to use, and more scalable.
Pepe Unchained L2 Sneak Peek!
What we're building is not just a new chain, but an entire ecosystem.
🐸Pepe Unchained L2
🐸Block Explorer
🐸DEX
🐸Bridge
🐸Advanced Analytics
🐸Builder GrantsPepe Unchained is coming. And it's going to shake up the crypto space. pic.twitter.com/ZVnvgO6MGF
— Pepe Unchained (@pepe_unchained) September 26, 2024
On top of that, it will have its own DEX, Block Explorer, and the PEPU Foundation plans to offer grants to help selected developers build projects. In other words, the project is building a rich ecosystem while still in presale, and its technical capabilities already outperform the original Pepe, which is why some expect it to become a strong rival to the top-ranking frog coin.
Experts behind the YouTube channel 99Bitcoins, which has over 706k subscribers, seem certain that PEPU will 100x after launch.
The project’s ICO is currently one of the most successful ones in the entire meme coin sector in 2024, raising over $15.5 million and counting.
PEPU is selling for only $0.00986, and you can buy it right now with ETH, BNB, USDT, or credit/debit cards. Buy before a price hike in about a day for the best deal.
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