The PeiPei price plunged 15% in the last 24 hours to trade for $0.0000002851 as of 01:15 a.m. on trading volume that slid 13%.
The PEIPEI token combines the iconic Pepe meme with the enchanting essence of Asian culture. Itâs among the most bought Ethereum tokens in the past 24 hours.
And the most bought ethereum token by smart money in last 24 hours is⊠$Mog đ
followed by:
1. $Mog
2. $PEPE
3. $TAO
4. $NPC
5. $BANANA
6. $MAGAA
7. $TONCOIN
8. $ALPH
9. $SOL
10. $PEIPEI pic.twitter.com/CiFs7iZP6D
â Bstream (@BeOnBstream) July 20, 2024
The dump comes on the back of Ethereumâs underperformance as spot Ether ETFs (exchange-traded funds) launch on July 23.
What? Noobs are selling the $ETH ETF news?
No biggie weâve been through this. Weâre going way higher.$PEIPEI $PEPE pic.twitter.com/NgADqS02no
â GokuSan (@GokuSanMAX) July 23, 2024
PeiPei Price Prediction
The PeiPei price is down a stark 15% in the last 24 hours. However, the big-picture outlook shows the token is still bullish. It is consolidating within an ascending parallel channel, which is a bullish technical formation.
As long as it remains within the confines of this chart pattern, PEIPEI token holders are positioned for more gains. Looking at the Relative Strength Index (RSI), it continues to hold above the mean level of 50, showing the bulls still have a chance to fasten their grip on the price.
Similarly, the Moving Average Convergence Divergence (MACD) is also in positive territory, adding credence to the bullish thesis.
If the bulls have their way, the PeiPei price could flip the 50% Fibonacci placeholder of $0.0000003538 back into a support level.
In a highly bullish case, the gains could extrapolate for the ETH-based meme coins to clear the $0.0000005000 psychological level. A higher-high relative to this peak would confirm the continuation of the uptrend.
The highly ambitious case could send the PeiPei price further north to take back the $0.0000006607 all-time high recorded on June 4.
GeckoTerminal: PEIPEI/USD 1-day chart
PeiPei Price May Face Further Losses
On the other hand, considering the bearish crossover on the MACD, the PeiPei price may be primed for further losses. This crossover is often interpreted as a sell signal, and tradersâ heeding could catalyze the downtrend.
A slip below the lower boundary of the ascending parallel channel would send the PeiPei price to the cliff. It could potentially roll over toward the $0.0000000468 range low.
A Promising Alternative To PeiPei
As the PeiPei price plunges, the Pepe Unchained (PEPU) presale continues to go parabolic with more than $4.9 million raised.
According to 99Bitcoins, a crypto channel on YouTube with more than 705K subscribers, PEPU is one of the best cryptos to buy now, with the potential to soar 100X after its launch.
Pepe Unchained has its own Layer 2 blockchain whose ecosystem is powered by the PEPU token. It is built for speed, security, low fees, and memes.
Pepe will get his own chain â better, faster, and the first memecoin Layer 2!
Launching at the end of the presale đžđ§ pic.twitter.com/sN34G39QuH
â Pepe Unchained (@pepe_unchained) July 22, 2024
PEPU is committed to following the success seen by its predecessor, PEPE, which has delivered mind-blowing returns to early investors. The frog-themed meme coin continues to defend its position on the leaderboard, and PEPU commits to emulate it, while taking blockchain to new heights.
Pepe's taking blockchain to new heights!
SpiderPepe hanging from the ceiling and ready to drop something big đžïžđž pic.twitter.com/yKAWZKkeTN
â Pepe Unchained (@pepe_unchained) July 11, 2024
As its name suggests, Pepe Unchained aims to set Pepe free from his old, clunky Layer-1 world. It runs atop its own proprietary Ethereum Layer 2 blockchain. With this, the project aims to distinguish itself in the highly speculative meme coin market.
Pepe is preparing to launch his own Layer 2 blockchain solution soon:
đ§ Instant bridging between ETH and Pepe Chain
đ§ Lowest transaction fees
đ§ 100x faster transaction speeds compared to ETH
đ§ Dedicated Block Explorer
Get ready to join the future with Pepe Unchained! âïžđž pic.twitter.com/9gxNnddMyq
â Pepe Unchained (@pepe_unchained) July 18, 2024
To this end, it tackles the issues that often plague meme coins running on the Ethereum Layer-1 blockchain, including scalability, speed, and efficiency.
Pepe has broken his chains with his own layer 2 blockchain solution:
đ§ Instant bridging between ETH and Pepe Chain
đ§ Lowest transaction fees
đ§ 100x faster transaction speeds compared to ETH
đ§ Dedicated Block Explorer
Join the future with Pepe Unchained! âïžđž pic.twitter.com/hluCsuV1Xz
â Pepe Unchained (@pepe_unchained) July 1, 2024
Token holders can earn passively through the platformâs staking system. This staking function offers an annual percentage yield (APY) of 384%. More than 416 million PEPU tokens are already staked. The distribution of rewards will occur at a rate of 608.82 PEPU tokens per ETH block, to be disbursed over 2 years.
You can buy $PEPU tokens for $0.008596 each. With a price hike coming in less than a day, buy soon to lock in the best deal.
Visit and buy Pepe Unchained here.
Also Read:
Meme Coin Whales Gobble Up Pepe Unchained ($PEPU) As ICO Rockets Past $500,000
Pepe Unchained ICO Explodes With $150K Raised In Minutes, New Layer 2 Meme Coin To Watch
Should Investors Buy Bitcoin (BTC) This Week Or Pepe Unchained (PEPU)
How to Buy Pepe Unchained â $PEPU Presale ReviewÂ
What is a Crypto Presale? A Quick Guide to Getting in on the Ground Floor of New Cryptocurrencies!
