Pepe Price Prediction: PEPE Flips WIF As 3rd-Largest Meme Coin After Coinbase Launches Pepe Futures, But This New ICO May Be The Next Big Me...

The Pepe price surged over 5% in the last 24 hours, trading at $0.000006818 as of 7:05 a.m. EST, as investors flocked to buy the meme coin.

PEPE's latest price increase follows U.S.-based crypto exchange Coinbase opening trading for PEPE perpetual futures contracts on its platform today. After the price surge, PEPE overtook Dogwifhat (WIF) to become the third largest meme coin by market cap.

WIF had only displaced PEPE on March 29, so its reign among the top three meme coins was short-lived.

Biggest meme coins by market cap (Source: CoinMarketCap)
The Pepe Price Attempts to Break Resistance

On its 4-hour chart, PEPE printed multiple higher highs and higher lows over the past few days, resulting in a positive price channel.

However, this bullish momentum appears to be cooling as the Pepe price approaches the $0.00000705 resistance level. Moreover, the crypto is currently trading near the lower boundary of the ascending price channel.

If traders decide to take profit, the Pepe price could fall out of the channel and potentially correct to the $0.00000631 support. Continued sell pressure at this point could lead to a drop to the next key level at $0.00000573.

This bearish thesis could be invalidated if the Pepe price breaks above the $0.00000705 barrier within the next 12 hours. Traders might then enter long positions, leading to additional buy pressure that could push PEPE as high as $0.00000829.

The Pepe Price Loses Bullish Momentum

Technical indicators on PEPE's 4-hour chart suggest a potential correction soon. While both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are slightly bullish, they indicate diminishing buy pressure.

The MACD line is converging towards the MACD Signal line, which traders often interpret as a sign of waning bullish momentum. A crossover of these two lines in the coming 24 hours could signal the start of a bearish cycle for PEPE.

Meanwhile, buyers are losing strength against sellers. Bulls gained an advantage over bears in the past 48 hours, as indicated by the RSI breaking above its Simple Moving Average (SMA) line on the 4-hour chart. However, this advantage seems to be fading as the RSI falls towards the SMA.

The potential end of PEPE's bullish momentum may suggest traders are shifting capital to other smaller meme coins with greater growth potential.

One such meme coin that has attracted investor attention is the multi-chain Dogecoin derivative Dogeverse, which is close to raising $10 million through its presale.

The First Cross-Chain Meme Coin

Dogeverse is the first cross-chain meme coin, residing on multiple public blockchains, including Ethereum, Polygon, and BNB. The project's team has chosen this multi-blockchain approach to ensure a seamless transactional experience for token holders.

Dogeverse (DOGEVERSE) also offers token holders the ability to participate in various decentralized finance (DeFi) protocols to potentially grow their earnings.

Unlike other meme coins that are deployed on a single chain, DOGEVERSE holders do not need to swap their holdings before transacting on different chains.

The need for swapping DOGEVERSE is further reduced by the team's decision to deploy the token simultaneously on all of the most active blockchain networks. This means that token holders are already part of some of the most vibrant and highly-developed ecosystems in the Web3 space.

Investors Bet Big on DOGEVERSE

Dogeverse's presale is on the verge of reaching the $10 million milestone. Traders and investors are rushing to buy the meme coin at this early stage to gain access to its lucrative staking program.

Anyone who buys and stakes DOGEVERSE now will be eligible for a 110% annual yield. With over 14 billion tokens already staked, investors are advised to act quickly as DOGEVERSE's price is set to increase in less than two days.

The token is currently selling for $0.000301 and can be purchased using ETH, USDT, or bank card. As the meme coin is on multiple chains, BNB, AVAX, BASE, and MATIC are also available as payment options.

DOGEVERSE can be purchased on its official website here.

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