Connect with us

Hi, what are you looking for?


Pepe Price Prediction as PEPE Spikes Up 10% in 24 Hours – Can PEPE Reach $10?

The price of the third largest meme coin by market cap, PEPE, has jumped 10% in 24 hours today as it trades at $0.058797 at the time of writing.

PEPE’s 24-hour trading volume hit a staggering $1.7 billion. This was the same figure second-largest meme coin Shiba Inu (SHIB) posted, the difference being Shib’s $19.1 billion market cap is about five times higher than PEPE’s $3.7 billion.

In general, PEPE is weathering a pullback among the leading meme coins. Dogecoin and FLOKI have declined 0.5% overnight, while SHIB is about 11.2% down from its price this time last week.

Over on PEPE’s chart we can see a fairly stable Relative Strength Index (RSI) of 53, which leaves PEPE’s near-term price performance very open.

We can also see that since late February PEPE has often traded a bit north of its 30-day moving average (the blue line). Looking at the steepness of the gradient and the frequent bull-and-handle patterns, it appears this rally was a classic mini bull run.

All signs indicate that the rally has cooled off now, though. This is largely due to the wider market rally losing momentum, but it’s also typical for coins that rallied too hard to experience a correction of 10-20% so near-term losses can be expected.

At this point it’s highly unlikely for PEPE to get to $10 anytime soon, but the year is long and crypto is full of surprises, so perhaps another bull run could take the frog on or near that target.

Source: TradingView

PEPE Meme Fans, Meet SPONGE

Meme coins are clearly where all of crypto’s FOMO is. Miss out and it’s very easy to be resentful or regretful when you see novelty coins posting huge returns.

Still, it’s important to note that meme coins are a super volatile sector in what is already a highly volatile and speculative space. Novelty meme coins have to offer more than laughs if they want longevity, they have to offer a service or community.

PEPE is a hardcore meme coin. It’s the most popular non-canine meme coin by market capitalization and by that alone it has a firm foothold in the market. But unlike Dogecoin, it doesn’t have celebrity backers or first mover advantage. Unlike Shiba Inu, it doesn’t have utility.

That said, just as hardcore meme coins like PEPE can sometimes absorb most of the gains when times are good, when times are bad and the market is more risk averse, they can also soak up most of the losses.

Meme loving PEPE holders would do well to diverse their portfolio with a meme token that offers more than laughs. SPONGE is crypto’s hottest new meme coin and it’s also the native token for a promising new ecosystem.

ONLY UP!!! $SPONGE #SpongeV2 #MemeCoin

— $SPONGE (@spongeoneth) March 13, 2024

SPONGE is an ERC-2o standard token on Ethereum. It recently upgraded (and migrated) to a V2 on Polygon, an Ethereum Layer 2 scaling solution. It is currently $0.002918 in a pre-sale.

The team also introduced a couple of key improvements with the upgrade, including a new staking model that offers a minimum yield of 40% APY.

This yield currently sits at around 457%, varying according to the number of stakers and tokens locked up.

SPONGE also powers an upcoming racing game where players compete against each other to earn SPONGE rewards.

Buy And Stake SPONGE On The Website

The post Pepe Price Prediction as PEPE Spikes Up 10% in 24 Hours – Can PEPE Reach $10? appeared first on Cryptonews.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



BTC has dipped by 0.5% today, with the Bitcoin price more or less holding to the $70,700 level on a day when the crypto...


TON Foundation has partnered with HashKey to support the “open network” and “increase access” to fiat on and off-ramps for Telegram wallet users in...


FBI Director Christopher Wray told the House Appropriations subcommittee on Thursday that there is an increasing concern of a potential coordinated attack in the...


Conservative activist Leonard Leo has been subpoenaed by the Senate Judiciary Committee related to an investigation into Supreme Court ethics in what he calls...


House Republicans’ campaign arm is announcing that it raised more than $33 million in the first three months of 2024. It comes as GOP...


The Trump campaign is calling for additional 2024 presidential debates and for them to take place ‘much earlier’ than initially proposed by the debate...

You May Also Like

Financial Advisors


Financial Advisors


Financial Advisors

The humongous outbreak of the dreaded coronavirus has brought about a groundbreaking change in what the world perceived as ‘normal’. With an estimated 280,391,189...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Respect Investment. All Rights Reserved.