June 30, 2024, 4:17 PM CEST
| 3 min read
Pepe Coin (PEPE/USDT) is attracting a lot of attention from traders after $300 million worth of tokens were purchased as the price reached a crucial support level overnight. Despite a recent decline, investors are optimistic about a possible rebound.
Currently trading at $0.0000113, the token maintains a solid market capitalization at $4.7 billion. Technical indicators suggest an oversold condition. Pepe price forecasts indicate a possible increase once the market stabilizes.
VanEck’s mysterious post gives Pepe Coin a boost despite market volatility
The asset manager VanEck posted a post on Xformerly Twitter, with a meme depicting a frog starring in a board meeting among other animals. Since then, the price of Pepe Coin has been greatly influenced.
The post, with the caption “Important topics discussed at the board meeting,” has generated considerable interest and speculation from the crypto community. Now, thanks in part to the buzz on social media, the coin has quickly bounced back and has increased by 11% in the last week.
Key points:
- Quick recovery: Despite an initial decline, Pepe Coin capitalized on the hype on social media, proving its resilience with an 11% increase.
- Crypto Ventures di VanEck: VanEck is expanding its presence in the cryptocurrency market. It has already applied for a Solana ETF, becoming the first US company to offer an ETF associated with another altcoin. He previously applied for an Ether ETF.
While a Pepe Coin ETF is unlikely in the near future, VanEck’s highly viral post has clearly raised spirits in the meme community that follows Pepe, suggesting continued potential interest and investment in the coin.
Pepe Price Prediction
Pepe (PEPE/USDT) is a popular meme coin that is currently experiencing a price correction. On Sunday, it was trading at $0.0000113. Despite a decline of almost 4.50% in the last 24 hours, the coin’s market cap remains substantial at $4.7 billion.
While the current price trend is down, an uptrend line provides support around the $0.00001085 level. This suggests that the decline may be temporary and a rebound may be on the horizon. Technical indicators also offer some optimism.
The Relative Strength Index (RSI) is now at 40, signaling that the coin is oversold, which often precedes a price increase.
However, the 50-day Exponential Moving Average (EMA) of $0.0000118 is acting as a resistance level, potentially hindering significant upside moves in the near term.
Traders are closely monitoring these key levels for potential buying opportunities, with a stop-loss order below $0.0000104 as a precautionary measure. Overall, Pepe’s technical outlook suggests a potential recovery in the near future, especially if it manages to break above the 50-day EMA.
Pepe Unchained Pre-Sale Raises $1.5M in One Week, Promising High Returns
Pepe Unchained ($PEPU) quickly raised $1.5 million in its first week of pre-sales, establishing itself as a strong player in the meme coin market.
Unlike its predecessor, $PEPE, this new version boasts faster and cheaper transactions via its Layer 2 chain on Ethereum.
Investors are rushing to participate in the $PEPU presale, with hundreds of thousands of dollars pouring in every day. The presale price is currently $0.0081288, set to rise to $0.00816130 in the next phase.
Key points:
- More efficient transactions: Faster and cheaper on your Layer 2 chain.
- Community solida: Over 98 million tokens staked thanks to APY up to 1,614%.
- Active presale: Current price $0.0081613, rising soon.
To buy PEPU, visit the Pepe Unchained website, connect your wallet and purchase with ETH, USDT, BNB or a credit card. Stay up to date by joining the communities on X e Telegram. Secure your $PEPU now for potential huge earnings.
Cryptocurrencies are highly volatile and unregulated. No consumer protection. Profit tax may apply.
