Pepe Price Prediction: PEPE Dives 21% In A Month As Investors Flock To This Layer-2 Meme Coin And Its 1,050% APY

Pepe Price Prediction

The Pepe price has experienced a 21% decline over the past month and a further 5% drop in the last 24 hours, trading at $0.00001151 as of 00:15 a.m. EST, with a 10% decrease in trading volume.

Meme Coin Sector Performance

The broader meme coin sector has also faced losses, with Dogecoin (DOGE) and Shiba Inu (SHIB) contributing to a 2% decline in the sector's market capitalization to $48.76 billion.

Positive Sentiment for Kai Cat Coin

Despite the market decline, Kai Cat Coin has gained momentum and is being touted as a potential contender in the crypto world.

Pepe Price Analysis

The Pepe price has tested the lower boundary of an ascending parallel channel. A bearish outlook is possible due to the lower highs and potential break of support at the 50% Fibonacci level ($0.00001071) and lower boundary of the channel.

If support fails, Pepe may experience a downturn and sweep through remaining sell-side liquidity before a recovery. Stop losses could be placed around $0.00001000.

Bullish Scenario

If the 50% Fibonacci level holds, Pepe could find a turnaround. A price increase above $0.00001335 would strengthen the bullish thesis, invalidated only if the price falls below $0.00001800.

Alternative Meme Coin: Pepe Unchained (PEPU)

Investors are showing interest in the new meme coin presale for Pepe Unchained (PEPU), which has raised $1.88 million in funds in the past 48 hours. PEPU aims to overcome scalability and efficiency issues by running on its own proprietary Ethereum Layer 2 blockchain.

Token Staking and Rewards

Token holders can earn passive income through PEPU's staking system, offering an annual percentage yield (APY) of 1,050%. Over 152 million PEPU tokens are currently staked, with rewards distributed at a rate of 608.82 PEPU tokens per ETH block over 2 years.

Call to Action

The price of $PEPU tokens is currently $0.0081939 each, with a price increase expected in less than 21 hours. Individuals are encouraged to purchase PEPU tokens before the price hike to secure the best deal.