Pepe Price Prediction: PEPE Pumps 4% In A Week, But Investors Flock To This Layer-2 Meme Coin Offering A 231% APY

The Pepe worth is up over 4% on the weekly timeframe following a 2% pump within the final 24 hours to commerce at $0.000008035 as of 11:45 p.m. EST as buyers slowly begin to purchase into the meme coin.

Together with the uptick within the PEPE worth within the final 24 hours, the crypto’s buying and selling quantity additionally surged 15% to above $808 million.

The Pepe Value Caught In A Consolidation Part

4-hour chart for PEPE/USD (Supply: GeckoTerminal)

The Pepe worth has been in a good consolidation part between $0.000007212 and $0.000008988 for the previous couple of days. This era of sideways buying and selling may very well be an accumulation part earlier than the meme coin enters a bullish transfer.

Ought to consumers resolve to push PEPE up within the coming 48 hours, the crypto will possible try to flip the resistance degree at $0.000008988 into help. A 4-hour candle shut above this threshold would possibly then give the Pepe worth the technical basis wanted to rise to as excessive as $0.000011872 within the brief time period.

However, merchants opting to dump the meme coin within the subsequent few days may forestall the bullish thesis from taking place. On this different state of affairs, the Pepe worth would possibly find yourself testing the rapid help degree at $0.000007212. Continued promote stress ought to PEPE drop thus far may then consequence within the crypto plunging to $0.000005585 within the following 24 hours.

Bearish Technicals Warn The Pepe Value Would possibly Drop In The Brief Time period

Technical indicators on PEPE’s 4-hour chart present that bears presently have a slight higher hand over bulls. Each the Transferring Common Convergence Divergence (MACD) and the Relative Energy Index (RSI) are displaying unfavourable indicators. As such, the Pepe worth may be prone to dropping by the course of the subsequent buying and selling day.

The RSI line is presently under the key 50 benchmark. Merchants normally see this as a sign of bearish energy. What’s extra, the unfavourable slope of the RSI line warns that sellers may be rising stronger towards consumers, which may result in a worth drop if the technical signal is validated.

In the meantime, the MACD line is positioned under the MACD Sign line on the 4-hour chart to point that PEPE is presently in a short-term bearish development. Nevertheless, the prior is beginning to shut in on the latter, which may very well be an early signal of the meme coin’s development present process a bullish development reversal.

Whereas PEPE trades in a consolidation channel, buyers are speeding to purchase Pepe Unchained (PEPU) for its aggressive staking program.

Releasing PEPE From Its Ethereum Shackles

PEPE has quickly climbed the crypto ranks since getting into the market to turn out to be one of many high meme cash. Nevertheless, the venture’s potential has hit a ceiling, primarily because of the excessive charges and gradual processing instances of the congested Ethereum blockchain. Pepe Unchained (PEPU), with its personal layer-2 community, goals to introduce an enhanced PEPE to the market. 

By shifting the meme coin’s transaction processing off of the Ethereum mainnet, Pepe Unchained will obtain transaction speeds as much as 100 instances quicker than Ethereum’s present throughput. What’s extra, token holders will even have the ability to ship and obtain PEPU at a fraction of the fee.

Traders will, nevertheless, nonetheless have the ability to bridge their belongings between the Pepe Unchained and Ethereum networks with ease. This permits token holders to concurrently profit from Ethereum’s sturdy safety and Pepe Unchained’s lightning-quick speeds.

In a latest video, influential crypto YouTuber Zach Humphries mentioned that Pepe Unchained’s enhanced utility may place it for enormous success within the meme coin house.

Traders Wager Large On PEPU’s Future

Greater than $8.4 million has already been despatched to Pepe Unchained’s ongoing ICO, signaling robust investor confidence within the venture’s future. Along with the venture’s speculative potential, the 231% APY on provide to anybody who purchases and stakes PEPU at this early stage may very well be one of many causes buyers are speeding to purchase the meme coin.

To unlock these rewards, buyers will first want to purchase PEPU through the easy purchase widget embedded on the venture’s web site. Promoting for $0.0090178, the token could be purchased utilizing both ETH, USDT, BNB or financial institution card.

Are you prepared to connect with the primary meme coin layer 2? It’s coming quickly!🐸🧠 pic.twitter.com/4Dgs0pSkot

— Pepe Unchained (@pepe_unchained) August 11, 2024

As soon as bought, the tokens will have to be locked up by the staking web page on the web site for buyers to achieve entry to the 231% APY. Anybody trying to purchase the token would possibly need to hurry, as a result of PEPU’s worth is scheduled to extend within the subsequent phases of its ICO.

Buy and stake PEPU right here earlier than its worth will increase.

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