Home » Pepe Coin Value Prediction as PEPE Turns into Second Most Traded Meme Coin within the World – Is Now a Good Time to Purchase?

Pepe Coin Value Prediction as PEPE Turns into Second Most Traded Meme Coin within the World – Is Now a Good Time to Purchase?

by CoinVeem

Supply: TradingView

The worth of PEPE Coin (PEPE) has dropped by 5% prior to now 24 hours, falling to $0.00000158 as the broader crypto market sees as 0.5% decline right this moment.

PEPE’s present value implies that it has misplaced 18% in every week and 63% since reaching an all-time excessive of $0.00000431 on Might 5, though the meme token stays up by over 2,500% since CoinGecko started monitoring it on April 18.

PEPE actions right this moment come because it secures its place because the second-biggest meme token by way of 24-hour buying and selling quantity, with present quantity of $212 comfortably beating that of the Shiba Inu, which is the third-biggest at $113 million.

Given this excessive buying and selling quantity, it is seemingly that PEPE will proceed to see additional rallies down the road, notably if it positive aspects some other large alternate listings.

Pepe Coin Value Prediction as PEPE Turns into Second Most Traded Meme Coin within the World – Is Now a Good Time to Purchase?

Whereas PEPE has misplaced right this moment, its chart is now able the place it may very well be due for rebounds, notably with its relative energy index dropping under 30 earlier right this moment.

Supply: TradingView

This means that the market is overselling it proper now, as does the truth that its short-term common (yellow) has been under its long-term common (blue) for fairly a while, implying {that a} restoration is now due.

That mentioned, it might come as a disappointment to notice that PEPE has been falling by a variety of assist ranges in current days, which means that it hasn’t fairly bottomed out but.

Nonetheless, its capacity to grow to be the second-most traded meme token highlights the way it has now established itself as a serious altcoin, having come from nothing a few month in the past.

It continues to draw the eye of whales, with some stocking up on the altcoin at a reduction, within the perception that it’ll shoot up once more quickly.

Being a ‘pure’ meme token (i.e. it has no utility), the one factor propping up PEPE is community-led FOMO and new alternate listings, with Binance, BitMart, KuCoin, and OKX just lately asserting buying and selling pairs and providers involving the meme token.

As such, it is not prone to rise strongly once more until one other main alternate lists it, one thing which explains why a lot of the nascent PEPE group has spent the final week or so placing strain on Coinbase.

Assuming that PEPE is about to obtain one other new itemizing like this, it may simply return to 0.00000431 or larger.

If not, it might proceed to say no, until it finds some precise utility.

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Newer Meme Tokens Look Extra Promising

In gentle of the likelihood that PEPE’s time could already be over, some merchants could want to take a look at newer meme tokens, with SpongeBob (SPONGE) being one of many promising proper now.

SPONGE is an ERC-20 meme token that has loved gains of well over 2,000% since itemizing straight on Uniswap on Might 4.

Supply: TradingView

SPONGE is at present up by 2% prior to now 24 hours, primarily based largely on the information that OKX has opened voting on whether or not it ought to checklist the meme token.

And there is a superb likelihood that SPONGE will in the end be added to OKX, seeing as the way it has just lately celebrated listings on Gate.io, Poloniex, MEXC, LBANK, CoinW and Toobit.

The meme token now has more than 12,000 holders and a complete most provide of 40.4 billion, given it a smaller provide than many different meme cash (e.g. PEPE).

And with the prospect of listings on OKX and Bitmart, it may probably rise to $0.0006 and $0.0007 within the subsequent few weeks, and even excessive if extra exchanges comply with.

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