Pepe Price Prediction as PEPE Hits ATH – Time to Buy?

Watch Icon
News
Pepe Price Prediction as PEPE Hits ATH – Time to Buy?
[[{"value":"

PEPE hit an all-time high (ATH) of $0.058518 in the early hours UTC today.

The third largest meme coin by market capitalization has since pulled back by about 15% and changes hands at $0.057456 as of this writing.

PEPE has had a monumental month. In the last thirty days it ballooned 723.7%.

These gains were spread throughout the whole month, with the last fortnight adding 533.1% and the last seven days accounting for a price appreciation of 248.3%.

The only other meme coin among the largest by market capitalization that rallied harder in the last seven days was Shiba Inu (SHIB). Shib rallied 281.1% to trade at $0.00003991 currently.

Broadly speaking, this month’s rally of the meme coins was carried off the back of a marketwide rally.

Bitcoin rose 56% in the last 30 days, while Ethereum rose 61% over the same period.

That meme coins were pumping harder indicates just how popular crypto is getting again now that investors are willing to take riskier positions and bet on tokens with little-to-no underlying utility except as a theoretical store of value.

A glance at PEPE’s chart over the last three months shows that the explosive price action began at the end of February.

There have since been frequent cup-and-handle patterns skywards, indicating a very bullish cycle of buying followed by periods of market consolidation.

PEPE has a Relative Strength Index (RSI) of 53, which means the market has priced its value in well at this point.

It also suggests there’s room for further rallies so long as Bitcoin and Ethereum can continue sustaining mainstream demand through the upcoming Bitcoin halving and Ethereum ETF industry milestones.

Source: TradingView

While Everyone FOMOs PEPE’s ATH, Look Into SPONGE!

With mouth-watering rallies all month long, it’s a valid question whether meme coins are worth investing in. Crypto is already highly speculative and it can be quite volatile too.

The short answer is that every investor needs to do their homework.

The promise of buying tokens on the blockchain is similar to the promise of buying shares in a company. Each investor needs to be sure the project they’re backing is good or useful.

However, meme coins often offer little value outside their cultural capital, which increases or decreases together with the popularity of the underlying meme.

Dogecoin (DOGE) is a classic only because it has first-move advantage and originality on its side. As a store of value its vastly outbeaten by Bitcoin and as a commercially important blockchain it’s got nothing on Ethereum. It mainly leans on its brand.

One token that offers more than just laughs is SPONGE. In addition to being the hottest new meme coin, it also underlies an ecosystem with utility.

SPONGE is an ERC-2o standard token created on Ethereum. It recently upgraded (and migrated) to a V2 on Polygon, an Ethereum Layer 2 scaling solution.

The team also introduced a couple of key improvements alongside the upgrade, including a new staking model that offers a minimum yield of 40% APY.

This yield is currently sitting at just around 623%. This figure varies according to the number of stakers and tokens locked up.

SPONGE also powers an upcoming racing game where players compete against each other to earn SPONGE rewards.

Buy And Stake SPONGE On The Website

The post Pepe Price Prediction as PEPE Hits ATH – Time to Buy? appeared first on Cryptonews.

"}]] 
More News

As PEPE100 Leaps 50x Overnight, This Hidde...

Watch Icon
Last updated

PEPE100 (PEPE100x) has jumped 50x overnight, with the new meme token reaching a record high of $0.00386 several hours ago. This makes it the latest in a seemingly endless string of new meme coins to enjoy big opening rallies on Uniswap this year, yet it seems that PEPE100’s time is already up. Indeed, it has The post As PEPE100 Leaps 50x Overnight, This Hidden Crypto Just Surpassed $1.8 Million in Funding – 100x Possible? appeared first on Cryptonews.

Ethereum (ETH) Celebrates 100 Million Fund...

Watch Icon
Last updated

On-chain metrics provide data-driven insights into how Ethereum’s (ETH) network adoption milestone could impact prices. The post Ethereum (ETH) Celebrates 100 Million Funded Addresses – Will it Drive ETH Price to $5,000?    appeared first on BeInCrypto.

Oscar-Winner Shane Boris to Produce Crypto...

Watch Icon
Last updated

The foundation supporting Ethereum scaling solution Arbitrum is financing a feature film about crypto by Oscar winner Shane Norris. The film, dubbed “New Here” will be produced by crypto-friendly emerging media company Dpop studios. It will examine digital art from the perspective of a new user spiralling into the crypto rabbit hole. Boris recently won The post Oscar-Winner Shane Boris to Produce Crypto Film Funded by Arbitrum Foundation appeared first on Cryptonews.

Back to Top