Pepe Price Prediction: PEPE Slumps 3% As This Upgraded Layer-2 Alternative Races Towards $7 Million

Pepe Price Slumps as Crypto Market Dumps

The Pepe price has experienced a 3.3% decline over the past 24 hours, currently trading at $0.00001180 as of 01:12 EST, amidst a significant 45% drop in trading volume.

This decline coincides with a broader market downturn in the crypto sector, with the market capitalization falling by 2.8% to $2.4 trillion. However, the meme coin sector has witnessed a slight 1% increase.

Pepe Price Prediction

Despite the recent setback, the Pepe price remains bullish, holding above the 50% Fibonacci level of $0.00001069. The Relative Strength Index (RSI) indicator indicates positive momentum, with a value above 50. Additionally, the Moving Average Convergence Divergence (MACD) sits above the signal line, further supporting a potential rebound.

A bullish scenario could see the Pepe price rise above $0.00001224, potentially reaching the 78.6% Fibonacci retracement level of $0.00001445. In an optimistic outlook, the gains may extend to the market range peak of $0.00001726.

Alternative Meme Coin: Pepe Unchained (PEPU)

While the Pepe price adjusts its direction, the newly launched Pepe Unchained (PEPU) meme coin has gained significant momentum, raising over $6.3 million in its initial coin offering (ICO).

This Layer-2 meme coin aims to address the scalability limitations of Ethereum Layer-1 blockchain and offers faster transaction speeds and increased efficiency. The project's appeal has attracted whale investors, with one recently purchasing nearly $200,000 worth of PEPU tokens.

Promising Investment Opportunity

Investors can currently purchase PEPU tokens for $0.0087693 each, with a potential price increase anticipated in the coming 24 hours. Staking PEPU holdings offers an attractive annual return of 304%, with rewards distributed over two years.

Additional Reading

• Meme Coin Whales Gobble Up Pepe Unchained ($PEPU) As ICO Rockets Past $500,000
• Pepe Unchained ICO Explodes With $150K Raised In Minutes, New Layer 2 Meme Coin To Watch
• Should Investors Buy Bitcoin (BTC) This Week Or Pepe Unchained (PEPU)
• How to Buy Pepe Unchained – $PEPU Presale Review
• What is a Crypto Presale? A Quick Guide to Getting in on the Ground Floor of New Cryptocurrencies!