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The Pepe price is up 12% in the past seven days to trade for $0.0594 as of 01:04 a.m. EST.
In the past 24 hours, the PEPE price is down a fraction on trading volume that dipped 10%. Nevertheless, the frog-themed token is trending amid speculation of a possible Ethereum exchange-traded fund (ETF) approval. Some hold that an approval of the ETH ETF could bode well for PEPE.
Which coin moves the hardest on the off chance that an $ETH ETF is approved?
My guess is $PEPE
— HORSE (@TheFlowHorse) May 20, 2024
Some futures traders are taking bold long positions.
Longed some $PEPE. Plan is to take profits at the highs and flip short there. The profits from the long should give me a nice buffer for the short.
Logic behind this idea was explained in my latest YouTube vid shared below 👇 https://t.co/djKhcUym6g
— CrediBULL Crypto (@CredibleCrypto) May 20, 2024
Reports indicate that 558 new addresses bought PEPE this weekend.
+558 new $PEPE holder today.
All memes are having a small pullback after a crazy month of gains.
Nothing interesting is happening, enjoy your weekend.
💚🐸 https://t.co/CF2ZndvfdD pic.twitter.com/hOcSTybURv
— Plazma (@Plazma0x) May 18, 2024
Much of the optimism around PEPE follows the Bitcoin price soaring above the $67,000 threshold. This saw the Ethereum price reclaim above the $3,000 psychological level as the Solana price ascended above $170. The market capitalization of meme coins soared 8% to hit $58 billion. In turn, the Dogecoin (DOGE) price, Shiba Inu (SHIB), and the Pepe (PEPE) price also skyrocketed.
Last week's crypto market saw major surges and short squeezes, but here's what caught our eye:
BTC soared above $67k, ETH topped $3k, and SOL regained $170.
Meme coins' market cap rose 8% hitting $58B, with $DOGE, $SHIB, and $PEPE leading the charge.
h/t: @COIN360com pic.twitter.com/oOWdp0WOM5
— algoworx (@algoworx) May 20, 2024
Pepe Price Prediction
The Pepe price is trading with a bullish bias, holding above the $0.000009081 threshold as PEPE bulls defend weekly gains. The market is still leaning in favor of the upside, and if the aforementioned buyer congestion level holds as a support, the Pepe price could bounce. Traders looking to take long positions on PEPE should probably consider waiting for a candlestick close above $0.000009887.
A stable close above the said level would entice more buy orders, potentially sending the Pepe price to the $0.000012000 psychological level.
Momentum indicators are also leaning in favor of the bulls. The Relative Strength Index (RSI) is deviating to the upside. This suggests growing bullish sentiment, and is accentuated by the spike in the node on the volume profile.
The Awesome Oscillator, also a momentum indicator, supports the bullish thesis as it continues to hold in positive territory. This suggests that the short-term momentum is greater than the long-term momentum, signaling a strong upward movement in prices. This could be a good indication for traders to consider entering or holding onto long positions.
GeckoTerminal: PEPE/USDT 1-day chart
On the other hand, if the $0.000009081 support level gives out, the Pepe price could fall through. An extended fall below the $0.000009000 psychological level would invalidate the bullish thesis.
Meanwhile, as the Pepe price defends its weekly gains, some traders are rotating capital into the up-and-coming Dogecoin 2.0 ICO, DOGEVERSE, which offers a staking function with a 53% annual yield.
Dogeverse is the first multichain meme coin and it features among Crypto YouTuber Jacob Bury’s list of meme coins with 10X potential.
Promising Alternative To Pepe
DOGEVERSE is the powering token of the Dogeverse ecosystem, a new presale that is challenging industry norms by inviting traders into a new domain of interconnected memetic activity.
Dogeverse is the first meme coin to launch on the six most used blockchains after Bitcoin, and says it is “The World’s First Chain Traveling Doge.”
Shit! Wormholed to the wrong place again!
Definitely NOT going there! 🏝️#Memecoins #Ethereum #DOGE #Crypto #MemeCoinSeason2024 pic.twitter.com/vRgssnVJdd
— DogeVerse (@The_DogeVerse) May 10, 2024
While most meme coins are limited to just one blockchain network, Dogeverse is built atop Ethereum, BNB, Polygon, Solana, Avalanche, and Base chains. While there are multi-chains cryptos already, none are as expansive and interconnected as DOGEVERSE.
Why limit to one when you can have it all? $DOGEVERSE begins on the secure #Ethereum network, ensuring robust security and reliability. 🛡️💻
🔥 Bridging gaps between #Cryptocurrency ecosystems, we enhance liquidity, utility, and fun across the entire #Cryptoverse! 🎉#AltSeason pic.twitter.com/zOg8albhry
— DogeVerse (@The_DogeVerse) May 3, 2024
With this competitive advantage, the token is creating a narrative that is concentrating minds on the widening opportunities of meme coins being spun up on multiple chains.
Never underestimate the power of flexibility and choice! 💪 🏋️♀️
$DOGEVERSE offers something uniquely different to others…offering yourself a preferred #Blockchain. 🌍
Whether it’s #ETH, #SOL, #BNB Chain, #BASE, #MATIC or #AVAX, align with YOUR needs for speed and cost!
— DogeVerse (@The_DogeVerse) May 2, 2024
Dogeverse has had an epic run in its ICO, boasting upwards of $15 million in presale sales. It’s now offering the last chance to buy DOGEVERSE for $0.00031. If you are interested to buy, act soon before the token’s imminent launch.
Visit and buy Dogeverse on the official website here.
Also Read:
- How to Buy Dogeverse – $DOGEVERSE Presale Review
- Top 3 Meme Coin Presale Gems to Buy in May with 100x Potential – $DOGEVERSE, $WAI, and $SEAL
- Roaring Kitty Price Prediction: KITTY Slumps 40% As GameStop Rally Fizzles Out And Dogeverse Offers Last Chance To Buy
- Best Meme Coins to Invest in: Top Picks for Exponential Gains!
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