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 Meme Coin

The Pepe worth surged over 5% within the final 24 hours to commerce at $0.000006818 as of seven:05 a.m. EST as buyers rush to purchase the meme coin.

PEPE’s newest worth enhance comes after U.S.-based crypto alternate Coinbase opened buying and selling for PEPE perpetual futures contracts on its platform at this time. Following the worth surge, PEPE has managed to overhaul Dogwifhat (WIF) to turn out to be the third largest meme coin by market cap. 

WIF had solely displaced PEPE on March 29, so it’s reign among the many prime three meme cash was brief lived.

Largest meme cash by market cap (Supply: CoinMarketCap)

The Pepe Value Trying To Break Resistance

4-hour chart for PEPE/USDT (Supply: TradingView)

PEPE printed a number of increased highs and better lows on its 4-hour chart all through the previous couple of days. This has led to the emergence of a constructive worth channel. 

Nonetheless, this bullish momentum appears to be cooling off because the Pepe worth approaches the $0.00000705 resistance degree. What’s extra, the crypto is presently buying and selling close to the decrease boundary of the ascending worth channel.

Ought to merchants resolve to take revenue, the Pepe worth would possibly fall out of the channel and subsequently be uncovered to the chance of correcting to the $0.00000631 help. Continued promote stress ought to PEPE attain this level might then result in it falling to the subsequent key degree at $0.00000573.

This bearish thesis is perhaps invalidated if the Pepe worth breaks above the $0.00000705 barrier throughout the subsequent 12 hours. Merchants would possibly then enter into lengthy positions for the meme coin, which might introduce extra purchase stress that may push PEPE to as excessive as $0.00000829.

The Pepe Value Dropping Bullish Steam

Technical indicators on PEPE’s 4-hour chart counsel the crypto would possibly endure a correction quickly. Though each the Shifting Common Convergence Divergence (MACD) and the Relative Energy Index (RSI) indicators are flagging barely bullish, they do warn of diminishing purchase stress.

The MACD line is collapsing in the direction of the MACD Sign line on the 4-hour chart. Merchants usually determine this technical incidence as an indication {that a} crypto’s bullish momentum is coming to an finish. These two strains crossing within the coming 24 hours might sign that PEPE has entered a bearish cycle. 

In the meantime, patrons are shedding their energy towards sellers. Over the previous 48 hours, bulls gained the higher hand towards bears, as signaled by the RSI breaking above its Easy Shifting Common (SMA) line on the 4-hour. This benefit appears to now be fading given the RSI is falling in the direction of the SMA.

PEPE’s bullish momentum doubtlessly reaching an finish might counsel merchants are shifting capital to different smaller meme cash with higher progress potential.

One meme coin that has caught the attention of many buyers is the multi-chain Dogecoin spinoff Dogeverse, which is on the cusp of elevating $10 million via its presale.

The First Cross-Chain Meme Coin

Dogeverse is the primary cross-chain meme coin, and resides on a number of public blockchains, together with Ethereum, Polygon, and BNB. The mission’s group has opted for a couple of blockchain community to make sure a seamless transactional expertise for token holders.

Dogeverse (DOGEVERSE) additionally offers token holders the flexibility to participate in a wide range of decentralized finance (DeFI) protocols to doubtlessly develop their earnings.

Not like different meme cash which are deployed on one chain, DOGEVERSE holders is not going to must swap their holdings within the meme coin earlier than they will transact on the totally different chains.

#DOGEVERSE on the #Avalanche Chain!🚀

Benefits:
💫 Avalanche’s swift confirmations increase the token’s usability
🔁 Manages massive transaction volumes, easing congestion

Disadvantages:

🔎 Over-reliance would possibly influence decentralization
🛡️ Interoperability brings new potential dangers pic.twitter.com/X5haF9tKnV

— DogeVerse (@The_DogeVerse) April 22, 2024

The necessity to swap out DOGEVERSE is additional lowered by the truth that the group has opted to concurrently deploy the token on all the most lively blockchain networks.

Which means token holders are already a part of among the most vibrant and highly-developed ecosystems within the Web3 area.

Buyers Wager Massive On DOGEVERSE

Dogeverse’s presale is inside a whisker of attaining the $10 million milestone. Merchants and buyers are scrambling to purchase into the meme coin at this early stage and acquire entry to its profitable staking program.

Anybody who buys and stakes DOGEVERSE now will probably be eligible for a 110% annual yield. With greater than 14 billion tokens already staked, buyers will wish to act quick since DOGEVERSE’s worth is about to extend in lower than two days.

The token is presently promoting for $0.000301 and will be purchased utilizing both ETH, USDT, or financial institution card. For the reason that meme coin is on a number of chains, BNB, AVAX, BASE and MATIC are additionally out there as cost choices.

DOGEVERSE will be purchased on its official web site right here.

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