By The Pepe price has slipped by 4% in the past 24 hours, falling to $0.000007863 as the cryptocurrency market suffers a 1.5% drop today.
PEPE is now down by 10% in a week, yet the meme token holds onto an impressive 580% gain in the last 30 days.
Given its ability to rise disproportionately during rallies and bull runs, the coin should return to growth as soon as the market recovers some momentum.
And with PEPE recently climbing the market cap rankings and overtaking Fantom for 42nd place overall, it could easily build on such gains in the very near future.
Pepe Price Prediction as PEPE Overtakes Fantom in Market Cap Rankings – Time to Buy?
PEPE’s indicators are reflective of a coin that has spent much of the past week falling, with the coin suffering from a lack of momentum right now.
Its 30-day average (yellow) looks as though it has flatlined and will begin falling towards (and below) its 200-day (blue), with a rebound not likely until it has fallen some distance below.
Source: TradingView
At the same time, the coin’s relative strength index (purple) has fallen below 50 this morning and looks to be heading towards 30.
This indicates a withdrawal of demand and interest as the market has corrected in the past couple of weeks, with PEPE (as a meme token) being particularly sensitive to fluctuations.
Nonetheless, the rallies of February and early March have been kind to PEPE, which was not even in the top-100 by cap in early February.
Whales also continue to hold onto the meme token, implying that many bigger and savvier traders expect the token to return to growth sooner or later.
This guy spent only $3,000 to buy 4.9T $PEPE($35.5M currently) in the early time!
He sold 760B $PEPE($2M) and currently holds 4.15T $PEPE($30.8M), and is the 13th holder of $PEPE!
His total profit on $PEPE is ~$32.8M, a gain of 11,077x!https://t.co/QTL7oxruTk pic.twitter.com/sw2FcPfgdd
— Lookonchain (@lookonchain) March 4, 2024
As we’ve noted before, the whale mentioned in the above tweet still holds onto $30 million in PEPE, according to the latest Etherscan data.
This bodes well for PEPE, which will continue to have its ups and downs, but looks as though it will remain a vehicle for big profits for some time to come yet.
And when combined with a market that many expect to rise further in the wake of the Bitcoin halving (and not to mention volatile Bitcoin ETF volumes), the Pepe price should see further rallies soon enough.
It could hit $0.000010 in the next few weeks, before touching $0.000020 by the summer, although it will be one of many meme coins that could rally big.
Newer Tokens Can Bring Bigger Rallies
Because PEPE remains a volatile and unpredictable token, some traders may be better off looking at newer coins that look ready to rally big as they launch and list on exchanges.
Near the top of any list of new coins would be Green Bitcoin (GBTC), an ERC-20 token that has raised over $7.5 million in its popular presale, which is close to selling out.
Only $400K away from the Green Bitcoin Presale BEING FILLED!
Our journey starts HERE!
Follow us and make sure to tag a friend for your chance to win $200 worth of Green Bitcoin! pic.twitter.com/9YQfzXilgJ
— GreenBitcoin (@GreenBTCtoken) March 20, 2024
An environmentally friendly version of Bitcoin (BTC), Green Bitcoin features the same hard cap of 21 million tokens that has made BTC such a deflationary token.
Yet it combines it with a more environmentally friendly network, since it runs on the proof-of-stake Ethereum blockchain.
On top of this, the use of Ethereum enables it to offer staking, yet Green Bitcoin provides a twist on the tried-and-true staking formula.
Namely, it offers a predict-to-earn staking model, which provides greater rewards to stakers who correctly predict future Bitcoin prices.
It also provides bigger rewards to longer term stakers, and when combined with the aforementioned hard cap, such a system should make GBTC a very deflationary coin.
GREEN BITCOIN GIVEAWAY!
To enter, simply:
Like + RT + Tag a friend + Follow!
The prize is a $200 GBTC Airdrop
Winner will be announce in replies in 24hrs!
— GreenBitcoin (@GreenBTCtoken) March 20, 2024
Its sale may have entered its final stages, but newcomers can join the rush by heading to the official Green Bitcoin website.
1 GBTC currently costs $1.1062, yet this will rise slightly once the next stage begins in just under a week.
It could rise much, much higher once it lists, with the popularity of its presale suggesting that it could have a big 2024.
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