The Pepe Price Plunges 13%, But Experts Say Consider This Layer-2 Alternative For Parabolic Gains

Pepe Price Falls 13%, Market Continues to Dip

The price of Pepe has experienced a significant drop, falling 13% in the past 24 hours. As of 00:40 a.m. EST, the token was trading at $0.000008395, while trading volume surged by 12% to $757 million.

This decline coincides with an overall bearish trend in the crypto market, which has witnessed a 3% drop in the last 24 hours, resulting in a market capitalization of $2.04 trillion.

Pepe Price Analysis

Pepe's price has been on a downtrend since reaching an all-time high of $0.00001717, with a corresponding market capitalization of $6.8 billion, according to data from GeckoTerminal.

The death cross near $0.0000129 has empowered bears to exert further pressure, driving Pepe's price down along a falling channel pattern.

Pepe remains below both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the ongoing downtrend.

The Relative Strength Index (RSI) is declining toward the 30-oversold level, indicating continued selling pressure.

Should the bears maintain their momentum, Pepe's price could potentially drop further to $0.000007233, serving as a temporary support level.

However, as the RSI approaches the 30-oversold level, investors may start accumulating Pepe tokens, as they are currently undervalued. A potential buy-back could trigger a rebound, with bulls targeting $0.0000173 as the next resistance level, following breaches of the immediate resistance levels at $0.000001009 and $0.00001167.

Pepe Unchained Emerges as Alternative

Amidst the market downturn, some Pepe investors are turning to a new upgrade called Pepe Unchained (PEPU). PEPU has raised over $2.7 million in funding since its introduction a few weeks ago.

Pepe Unchained is positioned as a PEPE 2.0 meme coin that seeks to address the limitations of the Ethereum blockchain, including network delays and high gas fees. PEPU will operate on its own Ethereum Layer 2 blockchain.

This transition aims to resolve the scalability, speed, and efficiency challenges that have hindered meme coins built on the Ethereum Layer-1 blockchain.

PEPU holders can also earn passive income through the platform's staking system, offering an annual percentage yield (APY) of 694%.

Prominent crypto channels on YouTube, such as 99Bitcoins, have highlighted $PEPU as one of the most promising cryptos to acquire. They anticipate a potential 100X growth following its official launch.

PEPU Token Purchase

$PEPU tokens can be purchased at a price of $0.0083258 each. A price hike is expected within the next two days, so investors should act promptly to secure the best deal.

To participate in the presale, individuals can acquire $PEPU tokens from the official website using ETH, USDT, or bank cards.