PEPE Price Prediction: A Jump By 15% in a Month Despite Experts Recommendations

PEPE Price Soars amid Ethereum ETF Launch

The price of PEPE has witnessed a remarkable surge of 15% over the past month and a further 4% within the past 24 hours, reaching an impressive $0.00001261. This significant increase in trading volume, a 66% rise, indicates growing investor interest driven by the launch of spot Ethereum ETFs.

PEPE Price Analysis

PEPE's price appreciation to $0.00001261 has been attributed to the notable increase in trading volume, signifying the token's growing popularity. The launch of spot Ethereum ETFs has played a pivotal role in this trend, as institutional investors seek exposure to Ethereum and its associated tokens.

Meme coins, including PEPE, have garnered substantial attention, accounting for 14.3% of the market share in Q2 2024. This growing interest aligns with the prevailing bullish sentiment in the cryptocurrency market, particularly among Ethereum-based tokens.

PEPE Price Prediction

Despite PEPE's current bullish momentum, its upside potential may be constrained. The Relative Strength Index (RSI) has entered a period of consolidation, suggesting difficulty in surpassing the resistance level of $0.00001249. However, at the time of writing, PEPE price has exceeded this level, trading around $0.00001260.

Nonetheless, the RSI's position above 50 and the Moving Average Convergence Divergence (MACD) indicator imply a bullish dominance. Traders anticipated a candlestick close above $0.00001249, which has since occurred, suggesting a potential break above $0.00001362 for favorable entry points. On the downside, a decline below $0.00001136 could trigger panic selling, with substantial support at $0.00000771.

Pepe Unchained (PEPU): A Compelling Alternative

Pepe Unchained (PEPU) has emerged as a compelling alternative to PEPE. Operating on its dedicated Ethereum Layer-2 blockchain, PEPU addresses scalability, speed, and efficiency limitations faced by Layer-1 meme coins. The project offers a remarkable annual percentage yield (APY) of 371% through its staking system, with over 431 million tokens currently staked.

Currently priced at $0.0086304, PEPU anticipates a price increase, particularly in light of the recent ETH ETF launch, which has fostered optimism within the Ethereum blockchain.

Why PEPU Could Be a Lucrative Investment

PEPU's Layer-2 blockchain technology, superior scalability, and efficiency could propel it to surpass the success of PEPE. The staking system provides ample opportunities for passive income, enhancing its investment appeal. As the market evolves, PEPU's innovative approach could yield substantial returns for early adopters.