Pepe Price Prediction as PEPE Becomes Best Performing Meme Coin – $1 PEPE Incoming?
The PEPE price has jumped by 7% in the past 24 hours, rising to $0.00001148 as the cryptocurrency market as a whole barely gains by 0.5% today.
PEPE is now down by 12% in the last seven days, yet it remains up by 22% in a month and by 1,100% in a year.
These gains have made PEPE one of the best-performing major meme tokens in recent months, with the coin continuing to attract interest from whales.
And given that the wider market has been on too much of a downtrend in recent weeks, its inevitable rebound could help PEPE see further gains very soon.
PEPE Becomes Best Performing Meme Coin – $1 PEPE Price Incoming?
PEPE has moved into a bullish position after nearly a week of falling, with its indicators pointing to ongoing momentum.
Its relative strength index (purple) remains close to 60 after rising from 25 yesterday, signaling a return of buying pressure.
This is happening as the coin’s 30-day moving average (orange) has begun rising again after reaching an apparent bottom, with the indicator likely on course to climb over the 200-day (blue) soon.
In other words, we may be at the beginning of a breakout for PEPE, with the meme token also seeing its trading volume rise to almost $1 billion today, from just over $500 million a day or so ago.
The past few days have seen whales transfer PEPE to exchanges in readiness for selling, although the coin’s surge overnight shows that most people are buying rather than selling right now.
As the market fell, a $PEPE smart money deposited all 407.74B $PEPE($4.27M) into #Binance at a breakeven price 2 hours ago.
This smart money made $5.4M on 8 tokens before.https://t.co/Pw9FeS8KU8 pic.twitter.com/G2O1rvHbRX
— Lookonchain (@lookonchain) June 18, 2024
As such, we may have begun another accumulation period for PEPE, which has arguably been the meme coin for whale-led pumps for several months now.
PEPE may also enjoy gains soon as part of a general recovery for the wider market, which has suffered in recent weeks but which may be lifted over the coming months as central banks cut rates.
Inflation has been easing in various major economies, including the United States and the UK, raising hopes of cuts later in the year.
The arrival of cuts would increase demand for riskier assets such as cryptocurrencies, including meme tokens like PEPE.
And with Ethereum ETFs likely to launch in the next few weeks, the PEPE price could continue to rise significantly.
It may reach $0.000015 by the end of the summer, before touching $0.000020 before 2025.
Newer Meme Tokens May Bring Bigger Returns
While PEPE seems like it’s going to remain one of the biggest meme coins for a while yet, it won’t be the only alt to enjoy substantial gains in the next few months.
There are also several highly promising new tokens emerging at the moment, including presale tokens that have been gathering interest as they get ready to list.
One of the most interesting is PlayDoge (PLAY), an Ethereum-based cryptocurrency that has raised over $4.5 million in its sale.
New High Score ✅
We've just blasted through $4.5M in the $PLAY #Presale! 🚀
Get your hands on some $PLAY at this price while you can. 🤩
The next price increase is coming very soon!⏳🔥
BUY NOW – Link in Bio!#PlayDoge #MemeCoin #P2E #BNB #ETH pic.twitter.com/2Xx72kB8kG
— PlayDoge (@PlayDogeGame) June 17, 2024
PlayDoge is exciting because it offers more than just another meme coin, with the project boasting some real fundamentals.
In particular, it’s launching a play-to-earn game that will enable users to earn rewards (in its native PLAY token) for breeding and trading their own virtual pets.
Gamers can also use their virtual Shiba Inus to complete missions, with the game having more longevity and depth than the run-of-the-mill Tamagotchi clone.
Deepening its appeal are its 8-bit graphics and addictive old-school gameplay, which has clearly been a big draw for many investors.
As the game’s native token, PLAY will be used for in-game transactions, with the token having a capped supply of 9.4 billion.
Holders will also be able to earn a regular income by staking the token, which in combination with its utility should result in strong demand.
The token’s sale will end soon, but investors can still join by going to the PlayDoge official website.
PLAY currently costs $0.0051 per token, with the coin having a few more fractional rises in store before the sale closes.
Of course, it could rise much higher once it lists on exchanges, such is its growing popularity right now.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
