The Pepe Coin price has gained by 1% in the past 24 hours, reaching $0.00000127 as the cryptocurrency market dips slightly by 0.5%.

PEPE's current price represents a 12% decline in the past week and a 21% fall in the past fortnight, although the meme token remains up by 9% in the last 30 days and by more than 2,000% since CoinGecko began tracking it.

Source: TradingView

The Pepe Coin price has gained by 1% in the past 24 hours, reaching $0.00000127 as the cryptocurrency market dips slightly by 0.5%.

PEPE's current price represents a 12% decline in the past week and a 21% fall in the past fortnight, although the meme token remains up by 9% in the last 30 days and by more than 2,000% since CoinGecko began tracking it.

However, PEPE's recent falls suggest that the coin may have lost its momentum, with there being few signs of any new major exchange listings on the horizon.

Still, the fact that it has bounced up from its $0.0000012 support level raises hopes that it may be on the brink of a significant rebound.

Pepe Coin Price Prediction: PEPE Approaches Support Level – Can Bulls Push it to New Highs?

Encouragingly, PEPE's little rebound today suggests that it could be close to rallying, with its indicators showing renewed signs of strength.

Source: TradingView

For one, PEPE's 30-day moving average (yellow) has slowed its steep decline of the past few days, and looks ready to begin climbing towards its 200-day average (blue), at which point a breakout could begin.

At the same time, the coin's relative strength index (purple) has moved from a low of 20 yesterday to just over 50 today, another sign that PEPE may continue rising for the next few days.

Even better, PEPE's support level (green) suggests that the recent selloff may have bottomed out, and that the only way now is up.

There's no fundamental reason why PEPE would see a rally now, of course, given that it's a meme token with no real utility or use case.

But if a positive narrative can develop around the meme token, perhaps regarding the possibility of a listing on Coinbase or another major exchange, then it could easily begin rising again.

So far, PEPE has already received high-profile listings from the likes of Binance, OKX and Kraken, so there aren't really many major trading platforms that don't list it.

For this reason, it's hard to see where a bullish news story might come from, with the meme token's 24-hour trading volume declining from more than $2 billion in early May to about $120 million today.

This indicates a massive decline of interest in the token, although some data, such as the quantity of the coin held in the top 100 PEPE-holding wallets, does suggest that whales may be slowly accumulating it.

That accumulation (however modest) is underway could point to an incoming rally, something which is supported to some degree by today's 1% rise.

If so, PEPE may jump from its current price of $0.00000127 to $0.0000015 or even 0.000002 in the next week or so, although this may require a big purchase or piece of news.

#pepe #pepe #pepecoin #pepecoineth #pepe

PEPE Coin, a token inspired by the Pepe the Frog meme, has gained attention in the cryptocurrency community as a potential token meme.

Here are some reasons that PEPE really has potential:

Meme-based appeal: Pepe the Frog is a popular internet meme that has gained significant traction and recognition over the years. Meme-based cryptocurrencies often attract attention and generate hype due to their association with widely recognized and humorous content. The meme appeal of Pepe Coin could potentially attract a dedicated community of supporters and enthusiasts.

Community engagement: A strong and engaged community is crucial for the success of any cryptocurrency. Pepe Coin has the potential to cultivate an active and passionate community due to its meme-based nature. Community members can help drive awareness, adoption, and development, which are essential factors for the growth and sustainability of any token.

Limited supply and scarcity: Scarcity can play a role in driving the value of a cryptocurrency. If Pepe Coin has a limited token supply, it could create scarcity and potentially contribute to price appreciation. However, the specifics of Pepe Coin's tokenomics would need to be considered to assess its potential scarcity and its impact on the price.

Market sentiment and trends: Cryptocurrency markets are heavily influenced by investor sentiment and trends. Meme coins have experienced periods of intense popularity and volatility in the past. If meme coins regain popularity or if the overall sentiment towards such tokens remains positive, it could contribute to the potential success of Pepe Coin as a token meme.

Risk factors: It's essential to be aware of the risks associated with meme-based cryptocurrencies. These tokens often have limited utility beyond their meme appeal, and their prices can be highly volatile. Additionally, regulatory concerns, market manipulation, and changing investor sentiment can all impact the price and sustainability of meme coins.

As with any investment, it's crucial to conduct thorough research, assess the project's fundamentals, and consider the risks involved before making any decisions. Due to the dynamic and unpredictable nature of the cryptocurrency market, it's recommended to stay informed about the latest developments and consult reliable sources for the most up-to-date information.

$PEPE #pepe #pepecoineth #pepecoin

The incredible rise of Pepecoin turned a payout into a profit of nearly 5,000,000% Meme Coin. It marked another 80% gain in the past 24 hours, while its market cap skyrocketed above $1.4 billion in just a few weeks of its launch.

Pepe holders rejoice when major exchanges announce controversial memecoin listings. On Friday, May 5, Binance announced that it would be listing the popular meme coins Pepe (PEPE) and Floki Inu (FLOKI). Binance has added PEPE to its Innovation area with PEPE/USDT and PEPE/TUSD spot trading pairs. Shortly after Binance’s announcement, rival exchange KuCoin also listed the Pepe token, and KuCoin has introduced the PEPE/USDT trading pair.

PEPE’s Market capitalization. Source: CoinMaketCap

The listing then increased trading activity, with PepeCoin’s daily trading volume reaching 284.24%. This increased the price of the token, by a staggering 132% on the same day. This causes both exchanges to warn users to be cautious about the risks.

The rapid price increase has negatively affected traders who bet on a drop in PEPE. Coinglass revealed that the number of traders selling PEPE using leverage has skyrocketed, and the total loss is over $10 million on a daily scale.

Another big problem for the Pepe token is the possibility of a copyright dispute because Pepe the Frog has a creator and an owner. The creator of Pepe has successfully targeted blockchain projects using Pepe with legal action.

However, the amazingly rapid rise of this memecoin is creating enormous fortunes for those who are undaunted by warnings that this is a fad that will end badly.

DISCLAIMER: The Information on CryptoPM Binance Feed is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

#pepe #PEPE #PEPECOIN #pepecoineth #PEPE/USDT