{"id":566726,"date":"2024-08-20T08:29:19","date_gmt":"2024-08-20T08:29:19","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=566726"},"modified":"2024-08-20T08:08:24","modified_gmt":"2024-08-20T08:08:24","slug":"pepe-price-prediction-pepe-pumps-5-but-investors-rush-to-buy-this-layer-2-meme-coin-for-parabolic-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-pumps-5-but-investors-rush-to-buy-this-layer-2-meme-coin-for-parabolic-gains","title":{"rendered":"Pepe Price Prediction: PEPE Pumps 5%, But Investors Rush To Buy This Layer-2 Meme Coin For Parabolic Gains"},"content":{"rendered":"

The Pepe price surged 5% in the last 24 hours <\/span>to trade at $0.000007768<\/span><\/a> as of 00:47 a.m. EST on trading volume that skyrocketed 23% to $684 million.<\/span><\/p>\n

This comes as the meme coin space rebounded in the last 24 hours with a 5% surge to hit a $38 billion market capitalization.<\/span><\/p>\n

Pepe Price Bulls Aiming For A Breakout<\/h2>\n

The Pepe price has been trading within a range in the last two weeks as PEPE went into consolidation between the $0.000008665 resistance and the $0.000007212 support, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

PEPE has now crossed above the 50-day Simple Moving Average (SMA), which could be an indication that the price of Pepe is moving towards an uptrend. If this move is completed, PEPE could overcome the 200-day SMA, which now acts as the immediate resistance at $0.000009726.<\/span><\/p>\n

The Relative Strength Index (RSI) is also trading up above the 50-midline level as it hurtles towards the overbought region, a confirmation that the asset is under buying pressure.<\/span><\/p>\n

Moreover, the Moving Average Convergence Divergence (MACD) is also bullish, as the MACD moves above the neutral line.<\/span><\/p>\n

\"Pepe
Pepe Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

If the bullish stance continues, the price of Pepe could breach the upper boundary of the sideways pattern, as the bulls target $0.000010.<\/span><\/p>\n

However, if the bears exert pressure at this level, PEPE could plunge back to the $0.0000070 in the short term.<\/span><\/p>\n

As the Pepe price soars, PEPE investors are also buying into a new alternative,<\/span> Pepe Unchained (PEPU)<\/span><\/a>, which has raised over $9.5 million in its blockbuster presale.<\/span><\/p>\n

Pepe Unchained Presale Blasts Past $9.5 Million – Best Meme Coin To Buy Now?<\/h2>\n

Pepe Unchained aims to follow in the footsteps of PEPE, which has continued to be among the top meme coins by market capitalization.<\/span><\/p>\n

However, PEPE is built on the Ethereum blockchain, which is mostly handicapped by network delays and rising gas fees.<\/span><\/p>\n

Pepe Unchained (PEPU) stands out from other meme coins by introducing its native Layer 2 chain on top of Ethereum’s network.<\/span><\/p>\n

\n

Pepe is preparing to launch his own Layer 2 blockchain solution soon:<\/p>\n

🧠 Instant bridging between ETH and Pepe Chain
🧠 Lowest transaction fees
🧠 100x faster transaction speeds compared to ETH
🧠 Dedicated Block Explorer<\/p>\n

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>\n