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The PepeCoin price skyrocketed 22% in the last 24 hours to trade at $3.27 as of 4.15 a.m. EST on trading volume that surged 51% to $10.23 million.
While PepeCoin started seeing a price increase alongside the rest of the crypto market when it became clear Donald Trump would become the next US president, the project’s value shot up yesterday afternoon, when it went from just above $2.50 to the resistance at $3.50.
The bull run that caused most digital assets to skyrocket on November 7 has weakened slightly since then, likely due to many of the traders using the opportunity to take profit. Even so, PepeCoin managed to surge 22% in a day, and over 35% in the past week.
The project has not yet reached the height it saw back in March and April of this year when Bitcoin hit its first new All-Time High (ATH) since 2021. At the time, PEPECOIN managed to skyrocket to $7.4.
Even so, the token’s current price leaves it 17,450% higher than in November 2023, marking 2024 as an extremely successful year for the project.
PepeCoin Price Prediction
As mentioned, PEPECOIN corrected slightly after hitting the resistance at 3.50, but it has already started recovering from this mild price setback. Its technical indicators suggest so as well, and while it seems like the project’s price will manage to reach the resistance at 3.50 again, some indicators suggest that it might not be able to breach it, at least for now.
The project’s Bollinger bands have seen a narrowing soon after PEPECOIN dropped from the resistance, but the price quickly returned to the upper band, and it is pushing it up at the time of writing. In other words, the bands are slowly widening again, as the project’s value continues to climb toward the resistance.
While the bands are showing a return to bullish behavior, the project’s Relative Strength Index (RSI) suggests that there is still a little room left for growth, although likely not much.
Yesterday, PEPECOIN’s RSI skyrocketed deep into the overbought territory as crypto optimism reached new heights. The RSI hit the value of 90, even slightly exceeding it before the correction had started, knocking it back to the value of 38.86.
Interestingly, the traders did not wait for the RSI to drop to the value of 30, which is where the oversold zone begins, but have instead made their move prematurely. This started pushing the price up, and the RSI showed increased bullish behavior, with its value increasing to 62.42. This is where it sits at the time of writing, and while it is continuing to grow, it is doing so at a steady pace.
This suggests that the bulls dominate the market, but they are doing so strategically, and are in control this time around. As a result, PepeCoin might see a price drop as soon as the RSI hits the value of 70 – the start of the overbought zone. While this would be a planned and calculated move, traders looking to buy the popular meme coin should be aware of this possibility.
However, there is also a chance of a disruption, as the wider market could see a rapid trend change that could affect PepeCoin as well.
Promising Alternative To PepeCoin
While PepeCoin seems to be close to its limit for the time being, the same cannot be said for Pepe Unchained (PEPU), which YouTuber Jacob Crypto Bury, with over 43.4k subscribers, says could be the next 10x crypto.
The project’s advantage over other Pepe-inspired meme coins comes from the fact that it has its own blockchain. Even Pepe (PEPE), the third-largest meme coin by market cap, cannot boast its own chain and is instead running on Ethereum’s old, clunky network.
Of course, Ethereum is home to thousands of cryptos, and has technical limitations. Pepe is the same, and that means its transactions are slow and its fees are expensive.
Pepe Unchained, on the other hand, broke away from Ethereum’s chains by developing its own L2 blockchain, which allows it to offer near-instant speeds and negligible transaction costs.
More than that, it is developing its own ecosystem, with its own DEX, block explorer, bridge, and more. It will even offer developer grants to those who choose to come and create on its network.
It’s also just unveiled a plan to launch its own meme coin launchpad and compete with Solana’s Pump.fun. Pepe’s Pump Pad is designed to make Ethereum the epicenter of the meme coin world.
Like Pump.fun, Pepe’s Pump Pad makes it super easy for anyone to create their own meme coin, with no coding knowledge required. Users can launch meme coins with just a two-click process.
Pepe Unchained is already one of the most successful meme coin presales of all time, raising over $25.5 million.
Meanwhile, its price is still only $0.01239. If you decide to join thousands of others who have invested in it, you can buy PEPU with ETH, USDT, BNB, or credit/debit cards.
With a price hike coming in less then 2 days, buy soon for the best deal.
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