The price of Pepe Coin (PEPE) has dropped to $0.00000158, representing a 6% loss in 24 hours and a 27% drop in a fortnight.
However, PEPE is up 550% over the past 30 days and over 2,700% since CoinGecko began tracking it on April 18, easily making it one of the hottest memes in the current new wave of meme tokens.
Much of this growth has been due to a series of exchange listings, with PEPE now on Binance, Huobi, Gate.io, and OKEx.
With more exchanges likely to list the token in the coming weeks, PEPE could see some big rallies this year.
Pepe Coin Price Prediction As PEPE Still Leads Meme Coin Mania – Can PEPE Break Through $1?
PEPE’s chart is in good shape, in that it is indicating a bottom for the recent decline.
For one, PEPE’s Relative Strength Index (purple) has started rising again after falling to 30 over the past few days, indicating overselling.
Similarly, Meme Token’s 30-day moving average (yellow) has dropped below its 200-day (blue), suggesting a bottom may be nearing.
And despite PEPE’s recent losses, it is encouraging that its support level (green) has started to move up again, something that also signals that a recovery is on its way.
Driving PEPE and any potential recovery is exchange listings, which have helped maintain the momentum of the new Mem token.
A new major exchange listing with the PEPE ‘community’ will almost certainly help it rally again, having recently tried to pressure Coinbase to add the token to its platform, though with little success so far. Is.
Assuming Coinbase eventually lists PEPE (not guaranteed of course), the cryptocurrency will likely see its biggest rally yet.
On the other hand, this apparent reliance on new exchange listings points to the possibility that PEPE really has nothing else going for it, and it may run out of steam in the not too distant future.
This is a real possibility, but the fact that PEPE has already gained so much traction suggests that it has real staying power, and that it may actually end up like Dogecoin and the Shiba Inu, Meme tokens that have started to gain some degree of utility (eg DRC-20, Shiberium, SHIB: The Metaverse).
So if PEPE can maintain its recent momentum, and if it attracts a few more major exchange listings, its price could easily lose a few decimal places in the coming months.
New meme token, new rallies
Given the possibility that PEPE’s best days are already past and gone, traders may prefer to look towards newer meme tokens that have yet to experience their biggest rallies.
a good example of this spongebob (SPONGE), an Ethereum-based meme token that has been enjoyed Profits of over 1,000% Since being listed directly on Uniswap on May 4th.
Along with PEPE, SPONGE has seen a string of new exchange listings in recent days, with Gate.io, Poloniex, MEXC, LBANK, CoinW and Toobit all adding pairs that include SPONGE.
with and over 13,000 holders And the counting continues, it is very likely that more exchanges will soon list the token, helping it to enjoy some of its biggest rallies ever.
However, newer than a sponge kopiyam (COPIUM), another meme token listed directly on Uniswap, is doing so on May 18th.
Conceived around the idea of helping its holders tackle the missed opportunities in the cryptocurrency market, COPIUM has a hard cap of one billion tokens and Featuring a burn mechanism that will eventually destroy 300 million COPIUM,
It is already up 650% since its listing on Uniswap a few days ago, and the most encouraging thing about the coin is that it is yet to receive a major listing on CEX, so its best rally yet. is literally ahead of it.
the same can be said for adogis an AI-powered meme-generating platform currently holding a pre-sale for its $AI token, which has already raised over $10.5 million since launching near the end of April.
EyeDog uses advanced AI algorithms and large datasets to generate memes, which can span a wide variety of topics and subject areas.
Its platform is designed to be as accessible as possible, with users only needing to enter a short text-based description of the meme they wish to generate.
They can also vote for the memes created and earn rewards in $AI if their own memes are the most popular, while $AI can also be used for staking.
This makes AiDoge one of the most promising pre-sales in the cryptocurrency market at the moment, and along with COPIUM and SPONGE it could see some pretty big gains later in the year.
