Pepe Price Prediction As Whale Bets Big On PEPE And Pepe Derivative ICO Goes Big

Baby price high edge The cryptocurrency is up 1% over the past 24 hours to trade at $0.000007555 as of 7:38 a.m. ET, as some investors have begun accumulating the frog-shaped token.

This slight spike in PEPE price comes after a massive withdrawal of the meme coin from Binance.

Someone created a new wallet and withdrew 292.97 billion baby($2.17 million) and 273,267 $WLD($391,000) from #Binance In the last twenty minutes.https://t.co/6fN9VpX6TX pic.twitter.com/1vvsjxP4oQ

— Luke Chain (@lookonchain) September 2, 2024

Chain tracking platform Lookonchain noted the massive transaction in a post on September 2, noting that a crypto whale withdrew 292.97 billion PEPE, worth $2.17 million at the time, to a new wallet address, suggesting the whale is a long-term holder.

Baby Price Challenges Key Resistance Level

4-hour chart of PEPE/USD (Source: Gecko Terminal)

the baby The price is trying to overcome the key resistance level at $0.000007727. If the meme coin overcomes this technical barrier, it may have the foundation to continue rising in the next 24 hours. Traders may then enter a long PEPE position, which could push the altcoin price as high as $0.000008635.

A rejection of PEPE at the $0.000007727 threshold in the next 24 hours could invalidate the bullish thesis. In this alternative scenario, the meme coin is likely to test the immediate support level at $0.000007094. A decline below this technical safety net could put the price of Pepe at risk of falling to $0.000006488 in the near term.

Technical data indicates that Pepe price is losing its upward momentum.

Technical indicators on the 4-hour chart of PEPE suggest that the meme coin’s short-term bullish momentum is starting to slow down. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are starting to show negative signs.

Over the past 24 hours, the RSI readings have stabilized at the 40 level. With the current reading below the key 50 level, it appears that the bears are in control of the bulls. Therefore, it will be easier for sellers to push Pepe’s price lower in the next 24 hours than it will for buyers to push the altcoin’s value higher during the same period.

Meanwhile, the MACD histogram slope is neutral. Although the MACD line is in a bullish position above the MACD signal line, the MACD histogram slope warns that the current positive trend of PEPE stock may be short-lived.

If sellers choose to take advantage of the cryptocurrency’s declining bullish momentum, baby It may end up falling below the support level of 0.000007094.

While PEPE seems to be losing steam, investors continue to pour money into layer 2 meme coin ICO Baby Unrestricted (PEPU).

The long-awaited PEPE update

PEPE has risen up the cryptocurrency rankings to become one of the largest cryptocurrencies by market cap. However, its potential has reached its ceiling. This is mainly due to the high fees and slow processing times that PEPE investors have to deal with due to the congested Ethereum network, which PEPE currently calls home.

Pepe Unchained (PEPU), with its own layer 2 blockchain, will address high network fees and slow times by shifting the work of processing PEPE transactions away from the Ethereum mainnet. Furthermore, the project aims to provide a launchpad for future meme coin projects.

Therefore, investors and meme coin holders will soon be able to transact at a fraction of the current costs and at speeds 100x faster than any token hosted on Ethereum.

Investors will also be able to seamlessly connect their assets between the Ethereum and Pepe Unchained networks.

With Pepe Unchained poised to become a breeding ground for future meme coins, and the project’s mission to promote the popular PEPE token, it’s easy to see why analysts and experts are bullish on Pepe Unchained’s native PEPU token.

One such expert is popular YouTube cryptocurrency creator ClayBro. In a video to his 130,000 subscribers, he predicted that PEPU has the potential to generate 100x returns for investors.

PEPU Presales Hit Record High

Pepe Unchained has raised over $11.6 million through its ongoing pre-sale so far. Aside from the project’s appeal and bullish predictions from crypto experts, the likely reason behind the investor frenzy could be the 173% annualized return on offer to anyone who buys and stakes PEPU at this early stage.

All investors have to do to get these rewards is to acquire the token via the simple purchase tool included on the project’s official website, and then lock the newly purchased tokens through the staking page on the site.

Loading the second layer! pic.twitter.com/qkZiGMe91E

— Pepe Unchained (@pepe_unchained) September 2, 2024

PEPU, which is selling for $0.0094603, can be purchased using ETH, USDT, BNB, or bank cards. Potential buyers looking to get the token at the best price will want to act fast as the meme coin’s price is set to soar in less than 21 hours.

Buy PEPU here before its next price spike.

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