Pepe Price Prediction: PEPE Plunges 14% In Crypto Crash As Experts Say Buy The Dip With Sheltered ICOs Like This Pepe 2.0

Pepe Price Takes a Dive Amidst Crypto Crash

The Pepe price plunged 14% to $0.000008028 in the last 24 hours, with a trading volume surge of 42% that reached $1.3 million.

Pepe has lost 34% of its value in the past week, making it the biggest loser among the top three meme coins. DOGE and SHIB have both experienced 22% drops during the same period due to a severe crypto crash sparked by Bitcoin's 11% decline over the past seven days.

Bitcoin's Slump and Mt. Gox Sell-Off

Bitcoin's price plummeted to a four-month low on Friday as fears of a potential Bitcoin distribution from Mt. Gox, the defunct crypto exchange that lost a significant amount of cryptocurrency in a 2014 hack, intensified sell-off pressure on the coin.

German Government Crypto Sell-Off

The German government's decision to transfer over $75 million of cryptocurrency confiscated from a piracy website into exchanges has also raised concerns about the possibility of mass selloffs in the market.

Pepe Price Analysis

Pepe's price has been declining within a falling channel pattern after achieving an all-time high of $0.00001717. It has broken below the critical $0.0000111 support level (50-day Simple Moving Average).

The Relative Strength Index (RSI) has fallen below 30, indicating an oversold condition where sellers dominate the market.

Potential Bullish Reversal

Despite the current bearish trend, investors may begin to buy Pepe due to its undervalued status, potentially initiating a bullish reversal. This could push the price above the channel, targeting immediate resistance levels at $0.000011 and $0.0000121 (50-day and 200-day SMAs).

Pepe Unchained Upgrade

Some Pepe enthusiasts are exploring a new Pepe upgrade: Pepe Unchained (PEPU), which has secured over $2.3 million in funding in less than three weeks. Since presale projects like PEPU are insulated from market conditions before listing, analysts suggest they may offer shelter during market downturns.

Presale Advantages and PEPU Staking

99Bitcoins, a popular crypto YouTube channel, identifies PEPU as a promising investment with 100x potential. PEPU aims to address scalability, speed, and efficiency challenges associated with meme coins on the Ethereum Layer-1 blockchain.

PEPU also offers a staking system with an annual percentage yield (APY) of 818%, allowing token holders to earn passive income. Tokens can be purchased for $0.0082596 each, but an impending price hike encourages prompt investment to secure the best deal.

Related News