PEPE Price Prediction: A Jump By 15% in a Month Despite Experts Recommendations
PEPE price has surged 15% in the last month and nearly 4% in the past 24 hours, reaching $0.00001261. This spike in trading volume, up by 66%, indicates growing interest driven by the launch of spot Ethereum ETFs. While PEPE price shows potential, experts suggest that a new Layer-2 derivative might be an even better investment. What to expect for the PEPE price next?
PEPE Price Analysis
PEPE price increase to $0.00001261 has been fueled by rising trading volumes, highlighting the increasing interest in the token. The launch of spot Ethereum ETFs has likely contributed to this trend, as institutional investors look to gain exposure to Ethereum and its related tokens.
Meme coins, including PEPE, have gained popularity, making up 14.3% of the market share in Q2 2024. This interest reflects the broader bullish sentiment in the cryptocurrency market, particularly among Ethereum-based tokens.
PEPE Price Prediction
Despite its bullish trend, PEPE's upside potential may be limited. The Relative Strength Index (RSI) is currently range-bound, indicating difficulty in surpassing the resistance level of $0.00001249. While it already did, at the time of writing, as PEPE price is now trading around $0.00001260.
However, the RSI's position above 50 and the Moving Average Convergence Divergence (MACD) indicator suggested that bulls have the upper hand. Traders expectations of candlestick close above $0.00001249 just occurred as it is trading at the moment and suggested a higher break above $0.00001362 for potential entry points.
On the downside, a drop below $0.00001136 could trigger panic selling, with significant support at $0.00000771.
Pepe Unchained (PEPU): A Promising Alternative?
Pepe Unchained (PEPU) is gaining attention as a promising alternative to PEPE. Running on its own Ethereum Layer-2 blockchain, PEPU addresses issues of scalability, speed, and efficiency that affect Layer-1 meme coins. The project offers an annual percentage yield (APY) of 371% through its staking system, with over 431 million tokens already staked. Currently priced at $0.0086304, PEPU is poised for a price increase soon, especially with the recent ETH ETF launch, driving optimism around the Ethereum Blockchain.
Why PEPU Might Be the Best Crypto to Buy Now?
PEPU aims to surpass the success of PEPE by leveraging its Layer-2 blockchain, offering better scalability and efficiency. The staking system provides substantial passive income opportunities, making it an attractive investment. As the market continues to evolve, PEPU's innovative approach could lead to significant returns for early investors.
