The price of PEPE plummeted by 9% today, hitting $0.056866, while the cryptocurrency market saw a 3% decline over the previous day.
Although the meme currency has decreased by 14% in a month, PEPE has increased by 7% during the last week and by 22.5% over the last 14 days despite this decline.
It may be argued, however, that the only thing these losses accomplish is provide traders a chance to purchase the token at a slight discount, given that PEPE has still managed to earn an astounding 2,000% in just one year.
This indicates the significant medium- and long-term momentum that PEPE commands, and it may indicate that additional rallies for the token are imminent.
PEPE Price Forecast: Should You Invest Now as PEPE Drops to 9.7%?
The coin would receive a significant boost if Coinbase's main exchange announced spot-based PEPE trading, which might precede the listing.
In general, PEPE is probably going to bounce back along with the rest of the market, which has been having trouble ever since the most recent halving of Bitcoin.
Positive news is that transaction fees have increased over the past week, suggesting that Bitcoin miners have been selling less BTC lately to offset the halving.
As a result, the market may soon start to recover, and in the long run, the Fed may slash interest rates many times this year.
Under these circumstances, the price of PEPE might increase to $0.000010 by summer and $0.000020 by Q4.
Additional Highly Potential Meme Coins
Although PEPE has the ability to grow again soon, there are other high-potential companies available on the market at the moment.
This year has also seen the emergence of many intriguing new meme coins, some of which have been gaining traction ahead of their listing.
Dogeverse (DOGEVERSE), a multi-chain meme coin that has raised over $12 million through its token offering, is among the most popular of them.
Launched on Ethereum, BNB Chain, Solana, Avalanche, and Base, DOGEVERSE is the first multi-chain cryptocurrency with a Doge theme.
Because DOGEVERSE is available on several chains, it is far more useful than the typical single-chain meme token and may be used and used by a wide range of apps.
Together with its hard cap of 200 million tokens, which makes it a deflationary cryptocurrency, these factors should help drive up its price over time.
In addition, owners can stake their coins to generate passive income; as staking grows, this will probably drive up the price of the token.
Thus, it should come as no surprise that the presale has already been so successful. New members can sign up by visiting the Dogeverse website.
The cost of one DOGEVERSE is currently $0.000303, but tomorrow it will increase to $0.000304.
However, after the coin launches and lists on exchanges in the coming weeks, such values can appear incredibly low.
April 2024, Cryptoniteuae