{"id":488835,"date":"2024-03-14T15:26:44","date_gmt":"2024-03-14T15:26:44","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=488835"},"modified":"2024-03-14T15:26:44","modified_gmt":"2024-03-14T15:26:44","slug":"pepe-price-prediction-pepe-soars-17-to-new-all-time-high-but-traders-turn-to-this-2-0-meme-coin-for-potential-1000x-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-soars-17-to-new-all-time-high-but-traders-turn-to-this-2-0-meme-coin-for-potential-1000x-gains","title":{"rendered":"Pepe Price Prediction: PEPE Soars 17% To New All-Time High, But Traders Turn To This 2.0 Meme Coin For Potential 1000X Gains"},"content":{"rendered":"

The Pepe price jumped by 17% in the last 24 hours to trade at $0.00001058<\/a> as of 4:00 a.m. EDT on trading volume that skyrocketed 50% to $2.45 billion.<\/p>\n

The PEPE price is on a roll after surging 50% in a week and a massive 869% over the past month.<\/p>\n

Pepe has finally lost another zero after the recent surge, like many have speculated it might over the past few days. The coin has hit a new all-time high, too, and its supporters are still waiting to see how high the meme coin can actually go this time.<\/p>\n

Pepe Price Prognosis<\/h2>\n

The PEPE price lost another zero mere hours ago, and the question that everyone in the meme coin community is asking now is: How much further can it go?<\/p>\n

The token has struggled with a resistance at $0.000009 for most of March 13, only to break it as the day was coming to an end. Since then, the new surge took it to new levels, where it hit a new all-time high, but it also encountered a new resistance at $0.00001075.<\/p>\n

Looking at some of its technical indicators, it is clear that PEPE has reached a major barrier and that its short-term performance is unclear. For example, the token’s Bollinger bands have seen a massive widening, which is a strong, bullish signal that the price surge might continue.<\/p>\n

However, at the same time, the token’s Relative Strength Index (RSI) value has gone deeply into the overbought zone, which typically suggests that a price drop is to be expected. Once the token enters the overbought zone, many treat it as the time to take profit and withdraw, and PEPE’s RSI value climbed to 79.52 recently. Since then, it saw a small drop, which currently has it at 73.43.<\/p>\n

\"Pepe<\/p>\n

Despite this, the token is still clearly in the overbought zone. With one technical indicator suggesting an even larger surge and another showing that a correction might be coming — there is strong uncertainty. Chances are that PEPE will see a minor correction before a new bullish wave pushes it back up, and potentially break the resistance that has been keeping the token from heading further up.<\/p>\n

Alternatively, given the bullish nature of the market right now, when both Bitcoin and numerous altcoins breached all former records, PEPE fans might simply ignore technical indicators and just keep buying and pushing the token to a new ATH.<\/p>\n

Promising Alternatives to Pepe<\/h2>\n

While meme coin fans are rushing to buy Pepe and other leading meme cryptocurrencies, many experts have instead turned to Sponge V2 (SPONGE)<\/a>.<\/p>\n

This is a new version of the project launched in 2023, which was based on the SpongeBob SquarePants meme. As such, it has nothing to do with actual SpongeBob SquarePants or Nickelodeon — it was simply inspired by the memes surrounding the character.<\/p>\n