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Dogecoin has seen fluctuating sentiment in recent times, with many wondering if the meme coin has lost its momentum. While it reached a massive market cap of $82 billion during the COVID-19 lockdown, driven by hype and Elon Musk’s tweets, its trajectory since then has been less stellar.
Competing meme coins like Shiba Inu have outperformed Dogecoin in terms of recent gains. Dogecoin’s price remains significantly below its all-time high, trailing by about 85%, compared to Shiba Inu, which came much closer to its peak. Despite a notable rise earlier this year, Dogecoin has since corrected by 57%.
This raises questions about its potential to reclaim past highs. This article will explore $DOGE price prediction analysis and feature the Layer-2 meme coin presale project, Pepe Unchained, which has recently surpassed the $13 million milestone.
DOGE Price Prediction
As of today, September 15th, Dogecoin is trading at $0.105, with a market cap of $15.4 billion and a 24-hour trading volume of $344.7 million. Over the past 24 hours, $DOGE has experienced a slight decline of 0.29%, but it has risen by 11% over the past week.
The 14-day RSI for Dogecoin stands at 56.32, suggesting a neutral position for $DOGE. Dogecoin’s price is currently in bearish territory, trading below both the short-term 50-day exponential moving average (EMA) at $0.113 and the long-term 200-day EMA at $0.123, which suggests the possibility of continued selling pressure.
If $DOGE manages to break through its resistance level at $0.110, it could see an upward trend, potentially rising to $0.146. However, if it fails to surpass this resistance, the price might decline to its nearby support level at $0.095, with a stronger support at $0.0732.
For a detailed analysis of Dogecoin price predictions, watch the video above and subscribe to his YouTube channel. Additionally, join the Jacob Crypto Bury Discord server for trading tips and updates on upcoming crypto presales.
Why Dogecoin’s Growth Stalls and How Pepe Unchained’s Presale Offers a Fresh Alternative
Dogecoin continues to be seen as a safer bet for long-term holding, especially during market downturns, but its growth prospects may be hindered by its large market cap and lack of recent major catalysts like those seen during its earlier rallies.
The token’s momentum has faced challenges, prompting many holders to explore alternative investment opportunities. As a result, interest has shifted to other low-cap meme coins.
One such coin is Pepe Unchained, which is currently in presale and presents new strategies and ambitious growth targets, making it an appealing option for those seeking promising opportunities in the crypto market.
Pepe Unchained is a new meme coin capitalizing on the established popularity of Pepe while introducing its own unique blockchain. It recently achieved a milestone by surpassing $13 million in presale.
Lucky number 13! 🎉 We’ve hit $13M! pic.twitter.com/8M3vBNzdie
— Pepe Unchained (@pepe_unchained) September 12, 2024
As the first Pepe token to operate on its proprietary Layer-2 blockchain, Pepe Unchained offers several advantages: seamless bridging with Ethereum for easy integration with decentralized applications (dApps) and smooth transfers, minimal transaction costs that make it accessible to all investors.
With the presale potentially selling out soon, investors are encouraged to act quickly to secure $PEPU tokens at the current price of $0.0097284. Potential investors can visit our guide on how to buy $PEPU token here.
Out of the total 8 billion tokens, 20% are allocated for the presale, 30% for staking to foster community engagement and network security, 20% for marketing, and the remaining 30% divided between liquidity, project finance, and chain inventory.
This strategic allocation is designed to support growth and stability, which are crucial for long-term success. The project features an attractive staking option with an annual percentage yield (APY) of 154%, with over 1.03 billion $PEPU tokens currently staked.
As a Layer 2 solution for Pepe, this coin presents itself as a more advanced version of previous meme tokens, complete with its own block explorer and an active social media presence.
Given the current market conditions and the coin’s low entry price, Pepe Unchained is seen by many as a potentially attractive investment, especially if Bitcoin maintains its upward trajectory. Notably, Jacob Bury has included the $PEPU token in his top five meme coins to invest in, citing its 10x potential.
For the latest updates on Pepe Unchained’s presale, follow them on X (formerly Twitter) or join their Telegram channel. To take part in the $PEPU token presale visit pepeunchained.com.
Related
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- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Soon
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