Pepe the memecoin is named after Pepe the Frog, a popular internet meme that originated from a comic called “Boy’s Club” by Matt Furie in 2005. The character gained significant internet popularity and was widely used in various memes across social media and online platforms.
Unlike traditional cryptocurrencies, which may be developed with specific technological goals or improvements over existing coins, memecoins like Pepe are primarily created for community engagement and entertainment.
Understanding Pepe’s Tokenomics
The tokenomics of Pepe are designed to encourage both acquisition and circulation among its community of users. Typically, memecoins have a high supply count, and Pepe is no exception, with billions of tokens initially minted. This is part of a strategy to keep individual token prices relatively low, making them accessible to a wide audience. The developers may also implement mechanisms such as transaction fees that reward hold
Pepe encapsulates the broader phenomena of how internet culture can influence financial markets. Investors in Pepe and similar cryptocurrencies often face the challenge of navigating a landscape that can be influenced as much by social media trends as by traditional economic indicators.
Pepe (PEPE) Technical Analysis
In June, Pepe’s price trajectory showed a significant decline from the peak early in the month, settling into a pattern of volatility. The initial sharp decrease stabilized around a support level of 0.000011 USD, where the price briefly consolidated before attempting a recovery.
This recovery peaked at a resistance level of 0.000015 USD, after which the price trended downward again, though not as sharply as the initial fall. Throughout the month, these levels were tested multiple times, indicating key points where traders decided to buy or sell, influencing the coin’s stability and investor sentiment.
Moreover, over the past week, Pepe experienced a dynamic trading pattern characterized by an initial sharp rise peaking on June 25th, followed by a more gradual decline. The price briefly surged to a high around 0.0000130 USD, which established a temporary resistance point. Subsequently, it receded to a stable support level near 0.0000110 USD, around which it fluctuated for the majority of the week. This suggests a cooling off after the spike, where the market participants evaluate the sustainability of the initial surge.
Pepe (PEPE) 7-Day Price Chart (Source: CoinMarketCap)
Towards the end of the week, Pepe’s price showed signs of recovery, climbing back towards the 0.0000120 USD mark. This indicates a rebound from the established support level, potentially due to renewed buying interest or positive market sentiment around the asset.
Pepe (PEPE) Price Analysis: Moving Average Convergence Divergence (MACD)
The 4-hour MACD analysis for Pepe reveals a nuanced view of its price momentum and potential trend changes. Currently, the MACD line is slightly below the signal line, indicating a negative value of -0.00000013681, while the signal line is at -0.000000114173. This setup typically suggests bearish momentum, where the market may expect continued downward pressure in the short term. The crossing of the MACD line below the signal line can be a trigger for traders to consider selling or waiting for more bullish signals before entering the market.
The histogram, which plots the difference between the MACD line and the signal line, further supports this bearish outlook. It is showing bars below the zero line, affirming the negative momentum, with a current histogram value of -0.00000001492. The presence of these negative bars indicates that the bearish trend is strengthening, as the gap between the MACD and signal lines widens.
PEPE/USD 4-Hour Price Chart (source: TradingView)
For potential future movements, traders and analysts will be watching for a crossover of the MACD line above the signal line as an early indicator of a reversal to bullish momentum. Such a crossover, accompanied by histogram bars moving above the zero line, would suggest a weakening of the bearish pressure.
Pepe (PEPE) Price Analysis: Bull Bear Power (BBP)
The Bull Bear Power (BBP) indicator on the 4-hour chart for Pepe offers insights into the power balance between buyers and sellers. Over the recent period, the BBP has shown predominantly negative values, indicating that bears have generally had the upper hand in the market.
Currently, the BBP stands at approximately -0.000000225698, suggesting a stronger selling pressure than buying force. This could imply that sellers are more active in this market phase, which is contributing to the downward pressure on Pepe’s price.
PEPE/USD 4-Hour Price Chart (source: TradingView)
Throughout June, the BBP fluctuated, but it maintained a mostly negative position, reinforcing a bearish sentiment overall. This is particularly evident around the mid-June mark, where the indicator dips significantly, corresponding with noticeable declines in the market price of Pepe.
If the BBP begins to move closer to zero or turns positive, it could indicate a weakening in bearish momentum and potentially a shift towards a more bullish market sentiment. However, as long as the BBP remains negative, it suggests that caution is warranted, as bearish trends may continue to prevail.
Pepe (PEPE) Price Analysis: Bollinger Bands
The Bollinger Bands on the Pepe 4hr crypto chart show considerable fluctuation in the price volatility over the period depicted. During the early part of the graph around June 7th, a significant contraction of the bands indicated reduced volatility, leading up to a sharp price drop as the bands expanded rapidly. The price fell outside the lower band, suggesting a potential oversold condition.
Subsequently, the price of Pepe stabilized and entered a period of consolidation with the bands narrowing once again around June 17th to June 24th. This period of reduced volatility was followed by a price spike that touched the upper Bollinger Band on June 26th, indicating overbought conditions.
PEPE/USD 4-Hour Price Chart (source: TradingView)
Currently, the price is oscillating around the middle band (the 20-SMA), with the bands slightly converging, suggesting a decrease in volatility. As of the last observation, the lower band is at 0.000011445660 and the upper band at 0.000013227423. This steady state near the middle band typically indicates a balance between supply and demand at current price levels.
Pepe (PEPE) Price Analysis: Price Prediction
Price Prediction Potential Low ($) Average Price ($) Potential High ($) 2024 $0.000010 $0.000013 $0.000015 2025 $0.000019 $0.000022 $0.000023 2026 $0.000027 $0.000031 $0.000035 2027 $0.000040 $0.000045 $0.000053 2028 $0.000056 $0.000064 $0.000074 2029 $0.000083 $0.000093 $0.000109 2030 $0.000121 $0.000137 $0.000157 2032 $0.000268 $0.000306 $0.000350 2040 $0.006577 $0.007752 $0.008568
Pepe (PEPE) Price Prediction 2024
Pepe is projected to attain a minimum price of $0.000010 in 2024. The price may rise to a high of $0.000015, while sustaining an average trading price of about $0.000013 throughout the year.
Pepe (PEPE) Price Prediction 2025
Technical analysis of historical Pepe price data suggests that in 2025, Pepe’s price is projected to reach a minimum of $0.000019. The maximum price could climb to $0.000023, with an average trading price expected to be around $0.000022 throughout the year.
Pepe (PEPE) Price Prediction 2026
For the year 2026, the forecasted minimum price of one Pepe is expected to be $0.000027. The maximum price might reach $0.000035, with an average trading price of $0.000031 throughout the year.
Pepe (PEPE) Price Prediction 2027
In 2027, it is anticipated that Pepe’s price will bottom out at $0.000040. It could surge to a peak of $0.000053, while the expected average trading price throughout the year is approximately $0.000045.
Pepe (PEPE) Price Prediction 2028
Estimates for 2028 suggest that Pepe’s price may stabilize at a minimum of $0.000056. The highest potential price is projected to ascend to $0.000074, with an average price expected to maintain at around $0.000064 throughout the year.
Pepe (PEPE) Price Prediction 2029
Forecasts for 2029 predict that Pepe could reach a floor price of $0.000083. It has the potential to escalate to a ceiling of $0.000109, with an anticipated average price settling at approximately $0.000093 throughout the year.
Pepe (PEPE) Price Prediction 2030
Predictions for Pepe in 2030 suggest that the highest price could reach $0.000157. The lowest price is expected to hover around $0.000121, with the currency likely to sustain an average trading price of about $0.000137 throughout the year.
Pepe (PEPE) Price Prediction 2032
Pepe is forecasted to achieve a minimum price of $0.000268 in 2032. The price could escalate to a high of $0.000350, while maintaining an average trading price of approximately $0.000306 throughout the year.
Pepe (PEPE) Price Prediction 2040
Based on our Pepecoin price prediction, the price of PEPE in 2040 should range between $0.006577 to $0.008568, with the average price of PEPE predicted to be around $0.007752.
FAQs
Is PEPE an ERC-20 token?
Yes, PEPE is an ERC-20 token working on the Ethereum blockchain.
Is it possible to mine PEPE?
No, PEPE cannot be mined as it is a non-mineable token.
How high will PEPE price go in 2024?
According to our PEPE price prediction, the altcoin’s price could surge to a maximum of $0.000015 by the end of 2024.
Where to buy Pepecoin?
If you want to buy this coin, you can do so on various cryptocurrency exchanges like Binance, OKX, and more. The coin is listed on popular exchanges such as Trust wallet and Metamask. To buy this particular cryptocurrency, you must create an account on one of these exchanges and purchase the coin using Ethereum.
Who is behind Pepe coin?
Interestingly, the project’s website reveals that there is no established team behind the token, and the creators prefer to remain anonymous.
When was pepe coin launched?
Furie introduced Pepecoin in 2021 to reestablish the character’s positive image. The digital currency has since gained popularity among internet users and cryptocurrency enthusiasts.
How much is pepe coin worth?
The current price of pepecoin is $0.00001142
Is Pepe on Coinbase?
Pepe is only available through Coinbase Wallet.
Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.
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