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The Pepe price dropped 10% in the last 24 hours to trade at $0.000007841 as of 3 a.m. EST on trading volume that surged 40% to $673.4 million.
Despite the daily drop, PEPE is still 17% up on a weekly chart. The previous weekend brought a strong price drop, and PEPE recovered to $0.000009 by Friday, August 9. Over the next two days, the token continued to trade sideways, its price under the influence of the wider crypto sector.
Pepe did not see any major developments recently that would act as major factors in the fundamental analysis. Instead, it simply followed the lead of other majors from the meme coin or the wider crypto world. Right now, many in the crypto community expect the next big Bitcoin-led bull run to arrive and push the crypto prices into another year-long rally.
When or even if that will happen remains to be seen. Historical data suggests that the rally might still be a few months away from starting, but the crypto industry is still as unpredictable as ever, and the timetable could be pushed in either direction.
Pepe Price Prediction
After trading sideways for over 12 hours, the PEPE price is starting to see an increase in activity, already marking a significant surge. The project has gone up over 2% in the last hour, although it seems like it ran into a resistance at $0.0000080.
Still, there is no denying that the start of the new week has brought a strong bullish momentum. PEPE’s Bollinger bands have seen a sudden widening, with the price pushing the upper band quite high up, which is a very bullish signal.
However, when it comes to the token’s Relative Strength Index (RSI) value, it shot up from the oversold zone to the overbought area within minutes, as can be seen on the chart above. This suggests great volatility, meaning that a possible correction could be coming — likely just as sharp as the price surge.
However, the rally seems to be affecting the wider market, as well, so PEPE might not respond as expected, given these signals, as it seemingly follows the rest of the market. In other words, the resistance at $0.000008 might end up being breached, and the token’s price could continue its climb if the bulls manage to stay in control.
Promising Alternatives to Pepe
While the new week does seem to be starting out strong, the crypto sector is still highly volatile, which might be an opportunity for expert traders, but it comes as a major risk for novices. Fortunately, there are several great alternatives to Pepe available at lower risk right now, such as Pepe Unchained (PEPU).
This is the newest Pepe clone, and a crypto that is believed to have massive potential — maybe even greater one than the original. The reason for this is the fact that Pepe Unchained emerged as the first Pepe meme coin to have its own blockchain. The chain in question is a Layer-2 blockchain developed on top of Ethereum, which gives PEPU an edge against the other Pepe clones.
Are you ready to connect to the first meme coin layer 2? It’s coming soon!🐸🧠 pic.twitter.com/4Dgs0pSkot
— Pepe Unchained (@pepe_unchained) August 11, 2024
With its own chain, the project managed to “unchain” itself from Ethereum and its limitations, such as slow transaction speeds, high fees, and the lack of scalability. This allowed its presale to attract massive interest, as well as over $8.2 million as of August 12. Best of all, the ICO is still ongoing, selling PEPU for $0.0090178 apiece.
However, the PEPU price is not completely fixed – it goes up with each new stage of its presale. In fact, its next scheduled increase is tomorrow, so buying before it happens is beneficial for interested investors. You can get PEPU with ETH, BNB, USDT, or your credit/debit card.
Given that the PEPU ICO raised over $8 million and it got major crypto YouTubers such as Cryptonews talking about it regularly, the project is expected to do extremely well, and see a major surge by the time it goes live. This makes it an excellent opportunity for investors seeking a low-risk, high-potential investment.
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