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The Pepe price has soared 12% in the past month and almost 4% over the last 24 hours to trade for $0.00001217 as of 00:54 a.m. EST.
Trading volume is up 66%, suggesting increasing interest among PEPE holders, likely attributed to the recently launched spot Ethereum ETFs (exchange-traded funds).
History was made today.
Spot #ETH ETFs are now live!
— Crypto Banter (@crypto_banter) July 23, 2024
As institutional players join retail in seeking exposure to Ether, Ethereum-based tokens enjoy capital and attention overflows. Standing among the most popular projects on the Ethereum blockchain, Pepe is positioned to gain as investors diversify portfolios with low market cap projects.
PEPE Prices to Surge with Ethereum ETFs—What’s Next?https://t.co/x4nle44oMf#PEPE #Bitcoin #EthereumETFs #Altcoins #CryptoNews #CryptoMarket #Blockchain #Cryptocurrency #NFTs pic.twitter.com/SrZOXX9Gdx
— CryptosHeadlines.com (@CryptosHeadline) July 24, 2024
The interest in PEPE mirrors what is reflected among meme coins amid prevailing bullish sentiment in the market. According to a CoinGecko report, meme coins were the most popular narrative in the second quarter (Q2) of 2024.
The sector accounted for 14.3% of the market share, followed by RWA and AI narratives with 11.30% and 10.09%, respectively.
Pepe Price Prediction
The Pepe price is trading with a bullish bias, recording higher highs on the one-day timeframe. Nevertheless, the upside potential appears limited, considering the range-bound Relative Strength Index (RSI).
As seen on the daily chart below, this momentum indicator is chopping horizontally, limiting the Pepe price’s capability to overcome resistance at $0.00001249.
Nevertheless, the RSI position above the mean level of 50 inspires promise, suggesting the bulls have the advantage. Moreover, the Moving Average Convergence Divergence (MACD) is above the signal line, showing buyers show more strength than sellers do.
In the same way, the MACD is in positive territory, with its histograms still flashing green. This indicates abounding bullish sentiment in the PEPE market. Nevertheless, traders looking to take new long positions on the frog-themed token should consider waiting for a candlestick close above the $0.00001249 resistance level.
However, for the skeptics, a move above $0.00001362 would be a good entry point, marking an escape from the Fibonacci Golden Zone, which is characterized by massive volatility.
GeckoTerminal: PEPE/USD 1-day chart
On the other hand, if sellers have their way, the Pepe price could drop. A slip below $0.00001136 would trigger panic selling, potentially sending the Ethereum-based token to $0.00000975. For the big-picture bullish outlook to be invalidated, however, the Pepe price must drop below $0.00000771 in the one-day timeframe.
Elsewhere, the popular YouTube channel 99Bitcoins, with upwards of 705k subscribers, is bullish on Pepe Unchained (PEPU), a presale that it says has the potential to soar 100x after launch.
Promising Alternative To PEPE
Pepe Unchained aims to emulate the success of predecessor PEPE, which has delivered mind-blowing returns to early investors. The frog-themed meme coin continues to defend its position on the leaderboard and PEPU commits to surpass it.
As its name suggests, Pepe Unchained aims to set Pepe free from his old, clunky Layer-1 blockchain world. With this commitment, PEPU will run on its own proprietary Ethereum Layer 2 blockchain.
Pepe is preparing to launch his own Layer 2 blockchain solution soon:
🧠 Instant bridging between ETH and Pepe Chain
🧠 Lowest transaction fees
🧠 100x faster transaction speeds compared to ETH
🧠 Dedicated Block ExplorerGet ready to join the future with Pepe Unchained! ⛓️🐸 pic.twitter.com/9gxNnddMyq
— Pepe Unchained (@pepe_unchained) July 18, 2024
With this, the project aims to distinguish itself in the highly speculative meme coin market. To this end, it tackles the issues that often plague meme coins running on the Ethereum Layer-1 blockchain. These include scalability, speed, and efficiency.
Token holders can earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 371%. More than 431 million PEPU tokens are already staked. The distribution of rewards will occur at a rate of 608.82 PEPU tokens per ETH block, to be disbursed over 2 years.
Pepe Unchained raises $5M in in just weeks!
Thanks to your amazing support, Pepe’s blockchain journey is just beginning 🐸🧠 pic.twitter.com/fnPbr0s1Pw
— Pepe Unchained (@pepe_unchained) July 23, 2024
You can buy $PEPU tokens for $0.0086304 each. With a price hike coming in less than 2 days, buy soon to lock in the best deal.
Visit and buy Pepe Unchained here.
Also Read:
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- 2D Virtual Doge Pet
- Play To Earn Meme Coin Fusion
- Staking & In-Game Token Rewards
- SolidProof Audited – playdoge.io
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