The Pepe Coin price has dropped 10% in the past 24 hours to $0.00000173, as the cryptocurrency market sees an overall 1.5% gain. Despite the recent decline, Pepe Coin has surged over 6,000% since CoinMarketCap started tracking it on April 17. Its meteoric rise has brought it close to the top 50 cryptocurrencies by market cap, currently ranked 64th according to CoinGecko.
Further exchange listings are expected in the coming weeks, possibly spurring more rallies for Pepe Coin. Its chart indicates that it might be recovering from recent losses, with its relative strength index climbing back up to 40. Various technical analysis indicators, such as the moving averages and support levels, also suggest a potential recovery for Pepe Coin.
Aside from anticipated exchange listings, such as those on Binance, BitMart, KuCoin, and OKX, the cryptocurrency seems to be garnering interest from whales, who have been consistently buying up the meme token.
Pepe Coin’s growth indicates that it may have moved beyond its beginnings as a dubious meme token potentially conning investors. However, some concerns remain, such as the recent posting of identical tweets by Twitter influencers, hinting at an attempt to manipulate retail investors.
Nevertheless, Pepe Coin now has over 112,000 holders, compared to just a few thousand a week ago. With this momentum, Pepe Coin is expected to rise in the coming weeks, possibly surpassing its current all-time high of $0.00000431. Its success will hinge on additional exchange listings, the overall market, and investor sentiment.
Conversely, it’s possible that Pepe Coin’s most significant gains have passed, and its momentum has dwindled. As a result, some traders may opt for newer altcoins and meme tokens that have yet to surge.
One such alternative is AiDoge, an AI-powered meme-generating platform that has raised over $7.4 million since its native token $AI’s presale began at the end of April. AiDoge’s platform utilizes advanced algorithms and big data to create memes, giving $AI real utility that can help the token grow alongside the platform’s popularity.
Additionally, AiDoge has recently teamed up with SpongeBob (SPONGE), another new and promising meme token. The collaboration between AiDoge and SpongeBob might bring added publicity to AiDoge’s token, complementing the more than $7.4 million it has already raised in its presale.
With intriguing new tokens like AiDoge on the horizon and established tokens like Pepe Coin, the future of the crypto market remains both exciting and unpredictable.
Source: Cryptonews
