Pepe Hits $4 Billion Again – Meanwhile, This New Meme Coin Presale Soars to $16.9 Million
Animal crypto coins are hot again amid the Moo Deng trend, and top frog coin PEPE crypto has surged to a $4bn market cap.
In this article, dive into the latest PEPE price trends, and discover whether the new frog coin on the block could offer bigger gains in the bullish Q4 crypto market environment.
With many prominent meme coin traders throughout the crypto community suggesting the ongoing PEPE dip could have been the last opportunity this run to stack the top frog coin at $0.000010 – many are targeting a push up to $10bn m cap status amid surging interest in animal coins.
This sudden rotation into animal-themed meme coins is largely related to the cute Thai hippo Moo Deng, who has become the face of the most recent skyrocket in space.
PEPE Price Analysis: How is The Top Frog Coin Shaping Up For Bullish Q4?
As Pepe bounces out of its recent dip, PEPE is currently trading at a market price of $0.00001065 (representing a 24-hour change of +1.76%).
This comes amid localized rejection from overhead resistance stemming from the HTF upper trendline, which is descending following the all-time high in May.
Despite this sudden downtick, which has worsened due to a pang of anxiety in Bitcoin’s price (after Israel-Iran tensions deteriorated), it seems PEPE’s price remains comfortable—with a high position above local support at $0.000010.
Better still, the PEPE price remains divergent above both the 20DMA and 200DMA, which provides comforting bullish reassurance to the local rejection.
Shifting to the RSI indicator, which measures PEPE’s momentum, the recent downtick can be seen to have improved technical structure—cooling off from a strong bearish divergence to a more moderate and manageable 65.65.
This suggests the upside could resume with a re-test over upper trendline resistance, following a brief consolidation above the $0.000010 support level.
Overall, this leaves PEPE with an upside potential of $0.000012 (a possible +12.6%) and downside risk at $0.000010 (a potential -6.10%).
Therefore, PEPE currently has an STF risk: reward ratio of 2.08, a reasonable entry characterized by minimal downside risk.
But while 12.6% is alluring, it’s not the next 100x move that every retail trader is searching for, and indeed, with Pepe already at an incredible $4bn+ market cap – that might not come anytime soon.
Here’s Why New PEPE Layer-2 Is A More Realistic 100X Investment
Yet, with all eyes on animal-themed meme coins after Moo Deng’s breakout success, it will come as no surprise that the crypto community is already rallying behind a fresh contender for the frog coin crown.
But this project is so much more than a classic frog meme – this is about redoing the now legendary Pepe – but right.
What’s the problem with Pepe? The answer is simple: in an age of high-octane Solana markets – Ethereum is the old chain – it’s slow, it’s expensive, it’s clunky – it’s not cool.
Pepe Elevating the Game
— Pepe Unchained (@pepe_unchained) October 1, 2024pic.twitter.com/EekrOvA2Nk
Yet, with PEPE originally launching as an ERC-20 token, this has stifled the development of a true PEPE ecosystem.
Fortunately, PEPU aims to shake up the market with the introduction of a high-speed, low-cost layer-2 solution tailored specifically for meme coin developers, offering an opportunity to build on the foundation of the original token.
As part of this layer-2 ecosystem Pepe Unchained will be launching its own DEX, block explorer, cross-chain bridge, and a huge new development fund offering builder’s grants (Frens with Benefits).
In this sense, PEPU can be viewed as PEPE 2.0—a revamped version of the original coin, but with enhanced capabilities.
Don’t miss the chance to get in on the presale.
The post Pepe Hits $4 Billion Again – Meanwhile, This New Meme Coin Presale Soars to $16.9 Million appeared first on Cryptonews.
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Pepe Hits $4 Billion Again – Meanwhile, This New Meme Coin Presale Soars to $16.9 Million
Animal crypto coins are hot again amid the Moo Deng trend, and top frog coin PEPE crypto has surged to a $4bn market cap.
In this article, dive into the latest PEPE price trends, and discover whether the new frog coin on the block could offer bigger gains in the bullish Q4 crypto market environment.
With many prominent meme coin traders throughout the crypto community suggesting the ongoing PEPE dip could have been the last opportunity this run to stack the top frog coin at $0.000010 – many are targeting a push up to $10bn m cap status amid surging interest in animal coins.
This sudden rotation into animal-themed meme coins is largely related to the cute Thai hippo Moo Deng, who has become the face of the most recent skyrocket in space.
PEPE Price Analysis: How is The Top Frog Coin Shaping Up For Bullish Q4?
As Pepe bounces out of its recent dip, PEPE is currently trading at a market price of $0.00001065 (representing a 24-hour change of +1.76%).
This comes amid localized rejection from overhead resistance stemming from the HTF upper trendline, which is descending following the all-time high in May.
Despite this sudden downtick, which has worsened due to a pang of anxiety in Bitcoin’s price (after Israel-Iran tensions deteriorated), it seems PEPE’s price remains comfortable—with a high position above local support at $0.000010.
Better still, the PEPE price remains divergent above both the 20DMA and 200DMA, which provides comforting bullish reassurance to the local rejection.
Shifting to the RSI indicator, which measures PEPE’s momentum, the recent downtick can be seen to have improved technical structure—cooling off from a strong bearish divergence to a more moderate and manageable 65.65.
This suggests the upside could resume with a re-test over upper trendline resistance, following a brief consolidation above the $0.000010 support level.
Overall, this leaves PEPE with an upside potential of $0.000012 (a possible +12.6%) and downside risk at $0.000010 (a potential -6.10%).
Therefore, PEPE currently has an STF risk: reward ratio of 2.08, a reasonable entry characterized by minimal downside risk.
But while 12.6% is alluring, it’s not the next 100x move that every retail trader is searching for, and indeed, with Pepe already at an incredible $4bn+ market cap – that might not come anytime soon.
Here’s Why New PEPE Layer-2 Is A More Realistic 100X Investment
Yet, with all eyes on animal-themed meme coins after Moo Deng’s breakout success, it will come as no surprise that the crypto community is already rallying behind a fresh contender for the frog coin crown.
But this project is so much more than a classic frog meme – this is about redoing the now legendary Pepe – but right.
What’s the problem with Pepe? The answer is simple: in an age of high-octane Solana markets – Ethereum is the old chain – it’s slow, it’s expensive, it’s clunky – it’s not cool.
Pepe Elevating the Game
— Pepe Unchained (@pepe_unchained) October 1, 2024
Yet, with PEPE originally launching as an ERC-20 token, this has stifled the development of a true PEPE ecosystem.
Fortunately, PEPU aims to shake up the market with the introduction of a high-speed, low-cost layer-2 solution tailored specifically for meme coin developers, offering an opportunity to build on the foundation of the original token.
As part of this layer-2 ecosystem Pepe Unchained will be launching its own DEX, block explorer, cross-chain bridge, and a huge new development fund offering builder’s grants (Frens with Benefits).
In this sense, PEPU can be viewed as PEPE 2.0—a revamped version of the original coin, but with enhanced capabilities.
Don’t miss the chance to get in on the presale.
The post Pepe Hits $4 Billion Again – Meanwhile, This New Meme Coin Presale Soars to $16.9 Million appeared first on Cryptonews.
Read More
Pi Network Price Prediction: May 10 Decision Could Decide Everything as Unlocks Loom