Pepe Coin (PEPE), the meme coin celebrity of the moment, has seen a 6% drop within the last 24 hours, nosediving to a new PEPE price point of $0.00000158. That’s a 27% downhill race in just two weeks.
Yet, our high-flying frog coin hasn’t completely lost its grip. Astonishingly, it’s managed to skyrocket by 550% over the past month and a whopping 2,700% since our trusted crypto tracker, CoinGecko, started keeping tabs on it on April 18. This unanticipated flight has comfortably nested PEPE among the most triumphant champions in the current meme coin Olympics.
But what is next for PEPE? Is it doomed for the new lows or about to rocket into the universe like the almighty Dogecoin once did? We sit down at the analytics table to find out exactly that!
PEPE coin and the price rise
It is not a secret that PEPE has ripped through many stereotypes that pushed many to believe that no meme coin will ever make it big on the crypto market again. This surprising rise was mainly caused by a parade of exchange listings. Our jumpy friend has found its place in the crypto menagerie on major crypto trading platforms like Gate.io, with others possibly joining the club soon. With this expansion, PEPE might just be gearing up for some explosive performances on the crypto stage this year.
Let’s paint a picture of PEPE’s market behaviour – its chart is looking quite promising, showing us some potential silver linings to the recent storms.
Looking closer, we see PEPE’s relative strength index (depicted in resplendent purple) is beginning to climb the hill after a recent downhill slide to 30, signalling a potential oversold market situation.
Similarly, our froggy friend’s 30-day moving average (captured in radiant yellow) has made a dramatic leap below its 200-day counterpart (in peaceful blue), hinting at the possibility that it might have hit rock bottom and could be preparing to take flight again.
Even though PEPE’s had its fair share of bumps and bruises recently, there’s a glimmer of hope as its support level (illustrated in verdant green) is beginning to ascend. This movement suggests that our little coin might be dusting itself off and preparing for a comeback.
What’s fueling this potential rally? The listing of PEPE on various exchanges, no doubt, is adding some spring to its step. Recent attempts by the PEPE community to nudge Coinbase into adding this little gem to their platform might just provide the trampoline for its next big bounce, should they succeed.
However, it’s also crucial to recognize that PEPE’s dramatic rise could lose momentum if it relies solely on new exchange listings. This suggests that the coin needs a bit more pep in its step, lest it face exhaustion.
While this may be a looming possibility, PEPE’s tremendous traction indicates a potential for longevity. If it can sustain this current gusto and secure a few more major exchange listings, we might just see this coin shed a few zeroes in the near future.
Other rising starts
As the saying goes, every coin has two sides. While PEPE’s glory days might have passed, traders might be wise to cast their eyes on the horizon for fresh meme tokens still ready to rocket to their zenith.
One such rising star is SpongeBob (SPONGE), an Ethereum-based newcomer who has seen a meteoric rise of over 1,000% since its direct listing on Gate.io. Like PEPE, SPONGE too is witnessing a flurry of new exchange listings and an ever-growing army of holders.
Hot on SPONGE’s heels is another rookie – Copium (COPIUM). Conceptualized around helping its holders deal with missed crypto opportunities, COPIUM has a cap of one billion tokens and boasts a burn mechanism set to annihilate 300 million tokens.
This token has already soared by an astounding 650% since its Uniswap debut a few days ago, and its best rallies are seemingly yet to come.
A worthy contender is AiDoge, an AI-powered meme-generator that’s holding a presale for its $AI token, having already raised over $10.5 million since its late-April launch. With its user-friendly platform and incentive schemes, AiDoge stands as one of the most promising presales in the current crypto market.
So, strap in, crypto aficionados! The meme coin ride is far from over, and with PEPE, SPONGE, COPIUM, and AiDoge, it’s sure to be one heck of a journey.
Final words
In summary, the world of meme coins is a thrilling roller coaster. PEPE coin, despite recent dips, still shows potential for recovery and further growth, especially if it can continue to secure new exchange listings. However, its reliance on these listings might be a double-edged sword, suggesting the need for more diverse strengths.
While PEPE is a stalwart in the field, emerging tokens such as SpongeBob (SPONGE), Copium (COPIUM), and AiDoge are showing promising signs of significant growth. COPIUM and SPONGE trade with substantial momentum since their recent debuts, while AiDoge’s presale of its AI-powered meme-generating platform has already raised over $10.5 million. These new tokens, with their unique offerings and increasing traction, are certainly worth watching in the dynamic meme coin landscape.
