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Over the course of the last two days, a brand new meme coin called Pepe Community (PEPE) skyrocketed from $0.0032 to an all-time high of $0.0451.
The token’s surge started on August 28, and it started climbing rapidly. In less than six hours, it went from $0.004 to $0.027, with the resistance at $0.03 briefly preventing it from surging further up.
The token saw a slight rejection to $0.019, but it managed to bounce back and even break the old resistance at $0.03.
This time, the token managed to climb nearly to $0.04, but the resistance was strong enough to force it to retreat after reaching $0.0369.
The token dropped once more, finding a new support at $0.025, from where it made another attempt to surge, with the same results.
Nearing the end of the day, PEPE skyrocketed one last time, breaching all past resistances and climbing up to $0.045 before it lost momentum and its price crashed back to $0.0156.
It reached this level earlier today but has already recovered nearly to $0.03.
This level, once again a resistance, rejected it toward $0.02, and at the time of writing, Pepe Community sits at $0.02165, still 574% higher than it was when it first launched.
Pepe Community: What Caused the Pump?
The Pepe Community pump has caused a lot of crypto community members to question what happened, especially after the price of Pepe (PEPE) went down by 21% this week.
Most were ready to say that the original Pepe meme coin was dead.
Then, a new Pepe clone dubbed Pepe Community emerged, pumping by over 1,000%.
Speculation blew up, and some have deduced that the project’s focus on the community might be the key behind its surge.
The project itself says that Pepe is the most famous meme of all time and that it serves as the “true power of meme magic.”
Thanks to anonymous communities and meme enthusiasts, it and the coins based on it grew as large as they did. Pepe Community’s creators wish to show the true power of $Pepe Army.
This is why they launched a token by the community, for the community.
Furthermore, the token intends to be traded on the open market, where everyone is treated equally. It is allowed to buy and sell however they want, with no restrictions, no blacklisting, and no denying service to any buyers.
The community liked the project’s message and stood behind it, launching it high up.
Launchpad XYZ: Another Major Opportunity?
While Pepe Community stole the spotlight this week, many seek other opportunities.
One of the most attractive options right now is Launchpad XYZ (LPX) — a project that aims to provide tools and education for developers and crypto users and help them dominate Web3.
The project is in the middle of its presale and has already raised over $1.48 million.
Moreover, it added a 20% bonus to the supply of tokens it sells, making it open to those who had already participated in the presale and the new arrivals.
The token is available for $0.0445 and can be bought with ETH, USDT, BNB, or via card.
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