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The Pepe price has soared 200% over the last 30 days and 20% in the last 24 hours to trade for $0.00000321 as of 01:00 a.m. EST time.
Trading volume is up nearly 50% as cryptocurrency markets see restored interest due to the skyrocketing Bitcoin (BTC) prices.
Nevertheless, PEPE has not outperformed its sector peers, with Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk Inu (BONK) rising 34%, 24% and 61% respectively. Dogwifhat (WIF) and FLOKI (FLOKI), on the other hand, are up 26% and 15%, respectively, in the last 24 hours.
#BONK Or $PEPE. Which One You Choosing?! pic.twitter.com/KtrciYTJU1
— JAKE (@JakeGagain) February 28, 2024
Lookonchain, a Web3 data analysis tool that grabs the data from decentralized exchanges (DEX) and lists the valuable data, reported that a smart whale deposited all 1.97 trillion PEPE tokens worth $6.07 million to Binance exchange and made a profit of $3.49 million. The investor then converted the PEPE to SHIB, before withdrawing a portion of the gains.
A smart whale deposited all 1.97T $PEPE($6.07M) to #Binance and made a profit of $3.49M.
Then he changed his position from $PEPE to $SHIB, withdrawing 75.9B $SHIB($893K) from #Binance 3 hours ago.https://t.co/X67O2VjR1y pic.twitter.com/nL7rRDZCXT
— Lookonchain (@lookonchain) February 29, 2024
As crypto markets continue to thrive, investors should book part of their profits as they go because of the volatile nature of crypto, as things could easily go the other way.
Meanwhile, it is impossible to ignore the fact that with the surge, PEPE market capitalization has hit an all-time high above $1.3 billion.
$PEPE Just Hit An All Time High Of 1.3 Billion Market Cap. pic.twitter.com/LiPEcuZOxm
— JAKE (@JakeGagain) February 28, 2024
PEPE Price Tailwinds From Binance, Bitstamp and OKX Exchanges
Recently, Binance announced a quiz contest with a reward of 700,000 PEPE. The competition was part of its Simple Earn program launch.
#Binance Simple Earn launches a new $PEPE promotion!
Complete a quiz to earn 700,000 #PEPE in rewards and up to 9% bonus tiered APR 🤝
Get involved ⤵️
— Binance (@binance) February 23, 2024
Also, Bitstamp and OKX teased PEPE memes in their tweets.
My manager said I need to stop with $PEPE memes…
I disagree 😏 🐸 pic.twitter.com/s6ospNVui3
— Bitstamp (@Bitstamp) February 22, 2024
Guess this #crypto token:
➖➖➖🟩🟩➖🟩🟩
➖➖🟩🟩🟩🟩🟩🟩🟩
➖🟩🟩⬜⬛⬜⬜⬛🟩
➖🟩🟩🟩🟩🟩🟩🟩
🟩🟩🟩🟩🟥🟥🟥🟥
🟩🟩🟩🟩🟩🟩🟩
🟦🟦🟦🟦🟦🟦🟦— OKX (@okx) February 22, 2024
With these, social dominance peaked, indicating increased interest, with the skyrocketing crowd interaction bolstering the uptrend for the frog-themed token.
PEPE Social dominance
Besides that, the social volume increased, while the supply on exchanges plummeted to show that as chatter around the altcoin increased, intention to sell reduced.
PEPE Social volume, supply on exchanges
PEPE Price Prognosis As PEPE Market Cap Peaks
The Pepe price is confronting resistance due to the 78.6% Fibonacci retracement level at $0.00000360. The bulls have established a strong presence in the PEPE market, as seen with the large volumes of green histogram bars in positive territory for both the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD).
The MACD is also moving above its signal line, suggesting a sustained bullish cycle. At the same time, the Relative Strength Index (RSI) is yet to confirm that PEPE is ripe for selling by crossing below 50. With this, the odds continue to favor the upside and the Pepe price could continue north to fill the market range at $0.00000441.
TradingView: PEPE/USDT 1-day chart
On the flip side, a rejection from the 78.6% Fibonacci retracement level could see the Pepe price slip below the 61.8% Fibonacci level at $0.00000296 to retest the 50% Fibonacci level of $0.00000252.
In a dire case, the slump could extend for the Pepe price to test the 38.2% Fibonacci level at $0.00000207. If this level fails to hold as support, the frog-themed token’s market value could descend to the 23.6% Fibonacci level of $0.00000126, below which the bullish thesis would be invalidated.
Meanwhile, as PEPE, an Ethereum-based meme coin, skyrockets, experts say Smog, sprouting from the Solana network, could 1000X in 2024, possibly dethroning its main rival in the Solana network, BONK.
https://www.youtube.com/watch?v=IBP20M9PNJ8&pp=ygUKc21vZyAxMDAwWA%3D%3D
Promising Alternative To PEPE
Smog token has rapidly gained popularity as analysts predict it’s set to outperform Solana meme coin titans including BONK, MYRO, and WIF.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
Smog is also committed to surpassing the success of other airdrops on Solana, including those of Jupiter and Pyth Network. To achieve this milestone, the team has already allocated 35% of the total 1.4 billion token supply for the airdrop, said to be the ‘greatest in history.’
🔥 Unleash the Dragon with the Biggest Solana Airdrop! 🐉 SMOG Token is set to make waves by allocating a staggering 35% of its token supply for the grandest Solana Airdrop ever.
🚀 About SMOG Token:
SMOG isn’t just a token; it’s a Memecoin that embodies adventure, valor, and…— Crypto Ladz (@Crypto_Ladz) February 22, 2024
Since its introduction on Jupiter, the Smog token has rapidly surged in popularity. It is fueled by its distinctive dragon-themed aesthetics and an engaging airdrop event. This has solidified its standing as a strong contender to dominate the meme coin niche. The token will go live on centralized exchanges soon.
There are two main ways to participate in the Smog airdrop. First, you can simply buy and hold $SMOG tokens, and, two, you can also accumulate airdrop points in Smog’s socials, managed by Zealy. This gamified method involves taking part in different tasks through challenges and completing them. There are already over 10,000 airdrop members on Zealy, with over 600,000 tasks completed.
Join #SMOG on #Zealy and be a part of the biggest #Sol #Airdrop ever!
Complete more quests for more points! 🎯 🔥
➡️ https://t.co/QM41bQYGbG#Crypto #Blockchain #Altcoins #Memecoins #CryptoCommunity #Airdrop #Airdrops #AirdropAlert #AirdropCrypto pic.twitter.com/n2c7cpWmqS
— 0xDatarunner 🛸 (@0xDatarunner) February 19, 2024
You can also earn passively through Smog’s staking option, earning an impressive 42% annual percentage yield (APY).
New Solana meme coin, Smog Token, draws massive interest with a lucrative 42% APY airdrop! https://t.co/OPJmCRonuj
— Los Hermanos Kruptos (@LosKruptos) February 26, 2024
According to Franklin Emmanuel, a prominent crypto analyst and YouTuber with 256k subscribers, Smog has the potential to surge 100X in 90 days.
Also Read:
- Next Meme Coin to Explode In 2024 – Is $SMOG The Best Crypto To Buy Now?
- Top Altcoins to Watch in the Upcoming Mega Altcoin Season – ALPH, SMOG, and SPOODY
- Siacoin Price Prediction 2024 – Is $SC Worth Buying, or Is $SMOG the Best Alternative?
- Smog Price Prediction – Can a Possible CEX Listing Fuel 10x Growth for $SMOG?
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