{"id":511018,"date":"2024-04-23T13:34:31","date_gmt":"2024-04-23T13:34:31","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=511018"},"modified":"2024-04-23T13:34:31","modified_gmt":"2024-04-23T13:34:31","slug":"pepe-price-prediction-pepe-flips-wif-as-3rd-largest-meme-coin-after-coinbase-launches-pepe-futures-but-this-new-ico-may-be-the-next-big-meme-coin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-flips-wif-as-3rd-largest-meme-coin-after-coinbase-launches-pepe-futures-but-this-new-ico-may-be-the-next-big-meme-coin","title":{"rendered":"Pepe Price Prediction: PEPE Flips WIF As 3rd-Largest Meme Coin After Coinbase Launches Pepe Futures, But This New ICO May Be The Next Big Meme Coin"},"content":{"rendered":"

The Pepe price <\/span>surged<\/span><\/a> over 5% in the last 24 hours to trade at $0.000006818 as of 7:05 a.m. EST as investors rush to buy the meme coin.<\/span><\/p>\n

PEPE’s latest price increase comes after U.S.-based crypto exchange <\/span>Coinbase<\/span><\/a> opened trading for PEPE perpetual futures contracts on its platform today. Following the price surge, PEPE has managed to overtake Dogwifhat (WIF) to become the third largest meme coin by market cap. <\/span><\/p>\n

WIF had only displaced PEPE on March 29, so it’s reign among the top three meme coins was short lived.<\/p>\n

\"Pepe<\/p>\n

Biggest meme coins by market cap (Source: CoinMarketCap<\/a>)<\/em><\/strong><\/p>\n

The Pepe Price Attempting To Break Resistance<\/span><\/h2>\n

\"BINANCE:PEPEUSDT<\/p>\n

4-hour chart for PEPE\/USDT (Source: <\/span>TradingView<\/span><\/a>)<\/span><\/p>\n

PEPE<\/span><\/a> printed multiple higher highs and higher lows on its 4-hour chart throughout the past couple of days. This has led to the emergence of a positive price channel. <\/span><\/p>\n

However, this bullish momentum seems to be cooling off as the Pepe price approaches the $0.00000705 resistance level. What’s more, the crypto is currently trading near the lower boundary of the ascending price channel.<\/span><\/p>\n

Should traders decide to take profit, the <\/span>Pepe<\/span><\/a> price might fall out of the channel and subsequently be exposed to the risk of correcting to the $0.00000631 support. Continued sell pressure should PEPE reach this point could then lead to it falling to the next key level at $0.00000573.<\/span><\/p>\n

This bearish thesis might be invalidated if the Pepe price breaks above the $0.00000705 barrier within the next 12 hours. Traders might then enter into long positions for the meme coin, which could introduce additional buy pressure that might push PEPE to as high as $0.00000829.<\/span><\/p>\n

The Pepe Price Losing Bullish Steam<\/span><\/h2>\n

Technical indicators on PEPE’s 4-hour chart suggest the crypto might undergo a correction soon. Although both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging slightly bullish, they do warn of diminishing buy pressure.<\/span><\/p>\n

The MACD line is collapsing towards the MACD Signal line on the 4-hour chart. Traders generally identify this technical occurrence as a sign that a crypto’s bullish momentum is coming to an end. These two lines crossing in the coming 24 hours could signal that PEPE has entered a bearish cycle. <\/span><\/p>\n

Meanwhile, buyers are losing their strength against sellers. Over the past 48 hours, bulls gained the upper hand against bears, as signaled by the RSI breaking above its Simple Moving Average (SMA) line on the 4-hour. This advantage seems to now be fading given the RSI is falling towards the SMA.<\/span><\/p>\n

PEPE’s bullish momentum potentially reaching an end could suggest traders are shifting capital to other smaller meme coins with greater growth potential. <\/span><\/p>\n

One meme coin that has caught the eye of many investors is the multi-chain Dogecoin derivative <\/span>Dogeverse<\/span><\/a>, which is on the cusp of raising $10 million through its presale.<\/span><\/p>\n

The First Cross-Chain Meme Coin<\/span><\/h2>\n

Dogeverse is the first cross-chain meme coin, and resides on multiple public blockchains, including Ethereum, Polygon, and BNB. The project’s team has opted for more than one blockchain network to ensure a seamless transactional experience for token holders.<\/span><\/p>\n

Dogeverse (DOGEVERSE) also gives token holders the ability to take part in a variety of decentralized finance (DeFI) protocols to potentially grow their earnings. <\/span><\/p>\n

Unlike other meme coins that are deployed on one chain, DOGEVERSE holders will not need to swap their holdings in the meme coin before they can transact on the different chains.<\/span><\/p>\n

\n

#DOGEVERSE<\/a> on the #Avalanche<\/a> Chain!🚀<\/p>\n

Advantages:
💫 Avalanche's swift confirmations boost the token's usability
🔁 Manages large transaction volumes, easing congestion<\/p>\n

Disadvantages:<\/p>\n

🔎 Over-reliance might impact decentralization
🛡️ Interoperability brings new potential risks pic.twitter.com\/X5haF9tKnV<\/a><\/p>\n

— DogeVerse (@The_DogeVerse) April 22, 2024<\/a><\/p><\/blockquote>\n