PEPE Surged over 700% by last month!
In recent times, meme coins have caught the attention of many investors and traders in the cryptocurrency industry. One particular coin that has been gaining popularity is PEPE Coin, a cryptocurrency based on the famous “Pepe the Frog” meme.
It’s important to note that cryptocurrency is not a bubble; it’s just getting started. Currently, the entire crypto market’s capitalization is equivalent to one tech stock, Nvidia. Over $6 trillion is still on the sidelines, and bubbles don’t form with such few investors.
Price Today Pepe
The price of PEPE stands at $0.00000904, with a 24-hour trading volume of $1.46 billion. In the past 24 hours, PEPE has experienced a positive change of +2.26%. PEPE’s current circulating supply is 420.69 trillion coins, with a maximum supply of 420.69 trillion.
Currently, PEPE is ranked 40th by market capitalization. On March 11, 2024, PEPE reached a high value of $0.00000929 and a low value of $0.00000808. This information can be helpful for investors who are interested in monitoring the performance of PEPE and the global cryptocurrency market.
Chart analysis
PEPE is trading within the Ascending triangle and rebounding from its support trendline. Patience is advised as we await a potential successful breakout or breakdown. Keep a sharp eye on the market for further developments.
Technical indicators
Our technical analysis suggests that Pepe Coin’s 200-day Simple Moving Average (SMA) will experience an upward trend in the coming month, potentially reaching a value of $0.053889 by April 10, 2024.
Pepe Coin’s short-term 50-day SMA is projected to hit 0.00001158 by April month. This indicator provides a more immediate outlook on the cryptocurrency’s price trend and can help traders identify short-term trading opportunities.
In addition, the Relative Strength Index (RSI) is currently at 78.53, indicating that the market is overbought. This suggests that the price of PEPE may continue to increase shortly.
These technical indicators suggest Pepe Coin may experience a bullish trend in the coming weeks and months.
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Price fluctuation this month
Pepe is currently ranked as the 39th cryptocurrency in the ecosystem, with a current price of $0.000009. The total supply of Pepe in circulation is $3,630,157,253.50, and its market cap is 420,689,899,999,995 PEPE.
Over the last 24 hours, Pepe’s value has increased by $0.00000018. Pepe has had a strong upward trend over the last seven days, with an increase of 52.62%. This could be an excellent opportunity to invest in Pepe, as it has shown powerful potential lately.
In the last month, Pepe’s price has increased by 750.15%, which means that it has added a significant average amount of $0.00006 to its current value.
This sudden growth makes Pepe a solid asset, and if it continues to grow, it could become an even more valuable investment opportunity.
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Price prediction
They expect the average PEPE rate to be $0.0000150 in March 2024. The minimum and maximum prices are expected to be $0.00000861 and $0.0000213, respectively.
In April 2024, cryptocurrency experts announced their forecast for the PEPE price. They predict that the minimum trading cost might be $0, while the maximum could reach $$0.0000289 during this month. On average, the value of Pepe is expected to be around $$0.0000145.
Our predictions are based on highly reliable factors, such as market trends, ensuring you get an accurate and up-to-date understanding of the market. Previous price fluctuations and other relevant indicators. However, it’s important to note that these predictions are not guaranteed, as cryptocurrency markets can be highly volatile and unpredictable.
Use case of PEPE
Pepe coin is “completely useless,” but there are still a few potential use cases, although they may not justify the current $3.38 billion market cap. Firstly, holders of Pepe coins can earn interest by providing liquidity on a decentralized exchange (DEX) like Uniswap. This means that users can earn rewards for contributing to the liquidity pool and making it easier for others to buy and sell Pepe coins.
Secondly, holding Pepe grants users access to the gated Pepe Discord server, Pepe Palace. This Discord community is exclusively for Pepe holders and enthusiasts who want to discuss the coin and its potential future development. Members can share their insights, exchange ideas, and collaborate to explore new opportunities.
While Pepe coins may not have practical use cases, some people believe in their potential and speculate that their price will increase. It’s important to note that investing in any cryptocurrency carries risks.
Conclusion
The future of Pepe Coin is yet to be determined, but many investors believe it has the potential to become a major player in the world of cryptocurrency. The coin’s creators have been working hard to establish a strong community around Pepe Coin and have been successful.
As the cryptocurrency market continues to grow, how Pepe Coin will fare in the long run remains to be seen. However, with its unique approach to cryptocurrency and its dedicated community, Pepe Coin is a token to keep an eye on.
