{"id":566182,"date":"2024-08-19T10:03:05","date_gmt":"2024-08-19T10:03:05","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=566182"},"modified":"2024-08-19T10:03:05","modified_gmt":"2024-08-19T10:03:05","slug":"pepe-price-plunges-6-in-a-week-as-investors-pivot-to-this-2-0-pepe-for-parabolic-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-plunges-6-in-a-week-as-investors-pivot-to-this-2-0-pepe-for-parabolic-gains","title":{"rendered":"Pepe Price Plunges 6% In A Week As Investors Pivot To This 2.0 PEPE For Parabolic Gains"},"content":{"rendered":"
The Pepe price tumbled 6% in the past week and 1% in the last 24 hours to trade at $0.00000736<\/a> as of 3.15 a.m. EST on trading volume that dropped 10% to $429.8 million.<\/p>\n The crypto market’s price drop has hit the meme coin sector harder than the largest cryptos by market cap, with most major meme coins currently trading in the red on a daily and weekly basis.<\/p>\n Meanwhile, coins like ETH, BTC, SOL, XRP, and others are currently trading in the green.<\/p>\n The Pepe price saw a strong drop in the last week, and while it also saw some recovery over the weekend, its value dropped again with the start of this week.<\/p>\n According to the project’s Bollinger bands, however, the situation might be at the brink of turning around once again, with the bands suddenly narrowing with the arrival of Monday.<\/p>\n The token’s price finally separated from the lower band and returned to the neutral area between the two.<\/p>\n These look like the early bullish signals which should not be ignored, although it is still too early to claim with confidence that the price will see a strong recovery.<\/p>\n Pepe’s Relative Strength Index (RSI) contributes to the positive prediction, however, with its recovery from the oversold area to the neutral sector.<\/p>\n The traders still seem to be uneasy and many have been looking for a first chance to sell as soon as the price started its increase, likely to take profits and make up for any previous losses.<\/p>\n Right now, the confidence in Pepe’s recovery is not yet very strong, but the RSI value remains around the neutral zone, at least at this time.<\/p>\n In other words, Pepe is still in a very volatile phase, and strong price fluctuations should be expected.<\/p>\n However, this may open up an opportunity for professionals, just as long as they can react quickly and make the right call at the right time.<\/p>\n With the price of Pepe currently being highly volatile, this is not a good time for traders and investors to purchase the third-largest meme coin.<\/p>\n The increased risk could mean a greater chance of losses, so unless you are an expert with years of experience, it might be better to go for a good Pepe alternative such as Pepe Unchained (PEPU)<\/a>.<\/p>\n Pepe Unchained considers itself the new and improved version of Pepe, and given that it is the first and only Pepe crypto with its own blockchain, it is not wrong.<\/p>\n Thanks to the creation of its own Layer-2 chain, PEPU managed to become unchained from the limitations of the Ethereum blockchain, which are the same limitations that hold back the original Pepe to this day.<\/p>\n Pepe is preparing to launch his own Layer 2 blockchain solution soon:<\/p>\n 🧠 Instant bridging between ETH and Pepe Chain Get ready to join the future with Pepe Unchained! ⛓️🐸 pic.twitter.com\/9gxNnddMyq<\/a><\/p>\n — Pepe Unchained (@pepe_unchained) July 18, 2024<\/a><\/p><\/blockquote>\nPepe Price Prediction<\/h2>\n
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Promising Alternatives to Pepe<\/h2>\n
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