Pepe Coin Price Prediction as PEPE Rises 4% in 24 Hours – Time to Buy?
The Pepe Coin price has experienced a 4% increase in the last 24 hours, jumping to $0.00000173 during a market-wide rally today. PEPE is now up by 14% in a week and by 70% in the last 30 days, but remains 60% down from its all-time high of $0.00000431, set back in early May.
PEPE’s indicators suggest that the meme token may have some room to rise before it needs to fall again. Its relative strength index (purple) has risen towards 60 after dipping close to 40 yesterday, signifying that buying momentum has increased. Additionally, its 30-day moving average (yellow) continues to rise above its 200-day average (blue), indicating that the altcoin is currently strong. It is also important to note that PEPE has held onto the $0.00000150 support level in the last week or so, meaning that it likely won’t drop much lower if the rally ends soon.
Whales are still stacking the meme token, which usually leads to further gains. Therefore, PEPE could return to $0.0000020 soon, or even higher. It is important to remember, however, that whales hoard meme tokens such as PEPE solely to sell them for profits later, so retail investors should be aware that the alt’s rally may not last long.
On the other hand, PEPE has had more longevity than many other meme tokens launched this year. It has also developed a small ecosystem around it, with the release of the PepeMask cryptocurrency wallet being one of the reasons for its gains. Therefore, it is possible that PEPE will continue to witness periodical rallies throughout the rest of the year.
Another New Meme Token with Real Potential
It is important to remember that PEPE is a meme token, which could stop being fashionable at any moment. As such, traders looking for the next big meme coin may consider looking elsewhere, such as presales. One of the most promising meme tokens currently is Wall Street Memes (WSM), an ERC-20 token that has raised over $12.9 million since opening itself to early investors last month.
WSM has emerged out of the meme stocks movement, which was famously responsible for the GameStop and AMC rallies/short squeezes in 2021. This connection has already helped it raise nearly $13 million in around a month and its Twitter account now has over 256,000 followers, showing that it has a sizable community ready to support it. This kind of community is essential if a meme token is to succeed, not just in the short term, but in the medium- and even long-term.
WSM will have a maximum supply of 2 billion, with 50% of this being allocated to the presale and 30% being reserved for community rewards. Its presale is currently selling at $0.031, which will push its price up to $0.0337 by the time it reaches its 30th and final stage. Investors can purchase some WSM today by going to the Wall Street Memes website and linking their crypto wallets, with WSM buyable using ETH, USDT and fiat currency.
Visit Wall Street Memes 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.