Pepe Coin (PEPE) is one of the most popular meme coins in the crypto market, with a loyal fan base and a strong community. The coin was launched in 2023 as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s.
The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin, and strives to establish itself as one of the top meme-based cryptocurrencies.
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PEPE Price Prediction
As of January 19, 2024, the price of Pepe Coin (PEPE) is $0.051206, with a market cap of $506,812,827 and a 24-hour trading volume of $52,527,139. The coin is ranked No.125 on CoinMarketCap and has a circulating supply of 420,689,899,999,995 PEPE, out of a total supply of 420,690,000,000,000 PEPE.
The coin has seen a slight decline of -3.48% in the last 24 hours, but has gained 8.38% in the past 7 days. The coin has also recovered from its all-time low of $0.00000075514, which it reached on April 18, 2023, and is now trading at -72.1% below its all-time high of $0.0054307, which it reached on May 5, 2023.
Had been consolidating in an parallel channel, tried to break but miserably failed and again moving in parallel channel. Must wait for breakdown or breakout.
The coin has a no-tax policy and is up-front about its lack of utility, keeping things pure and simple as a memecoin. The coin also has a loyal fan base and a strong community, which supports the project through social media platforms such as Twitter. The coin has over 1.2 million followers on its official Twitter account, where it regularly posts updates and memes about the project.
Weekly Price Analysis
The weekly chart of Pepe Coin (PEPE) shows that the coin has been trading in a narrow range between $0.000001 and $0.0000015 for most of the week, with some spikes and dips along the way. The coin has faced resistance at the $0.0000015 level, which coincides with the 100-day moving average (DMA), and has failed to break above it. The coin has also found support at the $0.000001 level, which coincides with the 50-DMA, and has bounced back from it several times.
The coin is currently trading above the 20-DMA and the 200-DMA, which indicates a bullish trend in the short term. However, the coin is also trading below the 100-DMA, which indicates a bearish trend in the long term. The coin will need to break above the 100-DMA and the $0.0000015 level to confirm a bullish reversal and start a new uptrend. On the other hand, if the coin breaks below the 50-DMA and the $0.000001 level, it could signal a bearish continuation and start a new downtrend.
The coin has a low RSI of 42.67, which indicates that the coin is neither overbought nor oversold, but rather in a neutral zone. The coin also has a low MACD of -0.00000001, which indicates that the coin is losing momentum and could be heading for a bearish crossover. The coin will need to increase its RSI and MACD to gain more strength and momentum and push for a higher price.
Future Outlook
The future outlook of Pepe Coin (PEPE) depends largely on the performance of the broader crypto market, which is influenced by various factors such as regulations, innovations, adoption, and sentiment. The crypto market is currently in a volatile state, with major coins such as Bitcoin and Ethereum experiencing sharp price movements and corrections. The market is also awaiting the approval of the first Bitcoin spot ETF in the US, which could have a significant impact on the crypto industry.
Pepe Coin (PEPE) is also affected by the trends and developments in the meme coin sector, which is known for its high-risk and high-reward nature. The coin faces competition from other meme coins such as Shiba Inu, Dogecoin, and Floki Inu, which have also gained popularity and attention in the crypto space. The coin will need to differentiate itself from other meme coins and offer more value and utility to its users and investors.
The coin has a loyal fan base and a strong community, which supports the project through social media platforms such as Twitter. The coin also has a roadmap that features three phases, where phase one includes listing on CoinMarketCap, and getting $PEPE trending on Twitter, while phase two includes listing on centralized exchanges (CEXs) and phase three includes “tier 1” exchange listings and what the team terms a “meme takeover”.
The coin has already achieved some of its goals in phase one, such as listing on CoinMarketCap and getting $PEPE trending on Twitter. The coin is also listed on some CEXs such as Binance, Huobi, and OKEx, which provide more liquidity and exposure to the coin. The coin is also working on getting listed on more CEXs and tier 1 exchanges, which could boost its price and adoption.
The coin also has a unique offering within the meme coin market by building upon the legacy of Pepe the Frog, a character with a longstanding and controversial history. The project’s dedication to honoring this character distinguishes it from other cryptocurrencies and strengthens its appeal within the crypto community.
News Roundup
Here are some of the latest news and updates about Pepe Coin (PEPE) from the web:
- Crypto Prices Today: Bitcoin Plunges To $41K As ‘Sell the News’ Rout Deepens; Ether, Pepe Extend Decline: Major digital assets went into a steep descent on Friday, with the OG cryptocurrency Bitcoin falling to $41,000 levels. Pepe Coin (PEPE) also extended its decline, dropping by -7.95% in the last 24 hours.
- Crypto Prices Today: Bitcoin & Pepe Coin Retreat As dYdX Rallies: The crypto prices today were mixed, with some of the altcoins showing resilience despite a gloomy sentiment in the major cryptos. Pepe Coin (PEPE) retreated by -3.48% in the last 24 hours, while dYdX, a decentralized exchange protocol, rallied by 23.6%.
- Most Trending Cryptocurrencies on Uniswap – Coinhound, Troll, Pepe: The most trending crypto coins on Uniswap have the potential to explode by the highest percentage margin – in this article, we highlight a range of trending crypto listings on Uniswap. Pepe Coin (PEPE) was one of the most trending coins on Uniswap, with a 24-hour trading volume of $1,234,567.
- Pepe Coin Holders Migrating To Latest AI Crypto ICO Built For Traders To Hunt 1456% ROI Tokens: Last Friday, an anonymous Pepe whale moved two trillion tokens to Binance in a transaction widely interpreted as preparation for profit-taking. This massive transfer fueled speculation that Pepe’s price decline may continue as more large holders seek exits. The meme coin has already declined greatly from its all-time highs last year.
Conclusion
Pepe Coin (PEPE) is a meme-based cryptocurrency that pays tribute to the Pepe the Frog internet meme. The coin has a loyal fan base and a strong community, which supports the project through social media platforms such as Twitter. The coin also has a roadmap that features three phases, where phase one includes listing on CoinMarketCap, and getting $PEPE trending on Twitter, while phase two includes listing on centralized exchanges (CEXs) and phase three includes “tier 1” exchange listings and what the team terms a “meme takeover”.
The coin has seen a slight decline of -3.48% in the last 24 hours, but has gained 8.38% in the past 7 days. The coin has also recovered from its all-time low of $0.00000075514, which it reached on April 18, 2023, and is now trading at -72.1% below its all-time high of $0.0054307, which it reached on May 5, 2023. The coin has a market cap of $506,812,827 and a 24-hour trading volume of $52,527,139.
The coin faces competition from other meme coins such as Shiba Inu, Dogecoin, and Floki Inu, which have also gained popularity and attention in the crypto space. The coin will need to differentiate itself from other meme coins and offer more value and utility to its users and investors. The coin will also need to break above the 100-DMA and the $0.0000015 level to confirm a bullish reversal and start a new uptrend. On the other hand, if the coin breaks below the 50-DMA and the $0.000001 level, it could signal a bearish continuation and start a new downtrend.
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