{"id":23447,"date":"2023-06-16T09:20:18","date_gmt":"2023-06-16T13:20:18","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/pepe-coin-price-prediction-as-100-million-pushes-pepe-up-10-in-24-hours-are-whales-buying\/"},"modified":"2023-06-16T09:20:20","modified_gmt":"2023-06-16T13:20:20","slug":"pepe-coin-price-prediction-as-100-million-pushes-pepe-up-10-in-24-hours-are-whales-buying","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=23447","title":{"rendered":"Pepe Coin Price Prediction as $100 Million Pushes PEPE Up 10% in 24 Hours \u2013 Are Whales Buying?"},"content":{"rendered":"
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The Pepe Coin price has risen by a strong 10% in the past 24 hours, reaching $0.000000932791 as the wider cryptocurrency market gains by 2% today.<\/p>\n

This surge now means that PEPE is down by 17% in the last seven days and by 40% in the last 30, with the new meme token being disproportionately affected by the past week’s SEC-caused selloff.<\/p>\n

Given that PEPE has been heavily sold in recent weeks, the meme token may be due a recovery rally, a possibility heightened by the fact that its 24-hour trading volume has climbed from just over $50 million earlier in the week to more than $100 million today.<\/p>\n

Of course, PEPE’s status as a meme token means that nothing fundamental is supporting its price, aside from a community of early holders who want to see it rally again.<\/p>\n

Pepe Coin Price Prediction as $100 Million Pushes PEPE Up 10% in 24 Hours \u2013 Are Whales Buying?<\/strong><\/h2>\n

PEPE’s indicators show signs that today’s rally could continue over the weekend (if not longer), with its relative strength index (purple) rising from 30 to 50 today.<\/p>\n

This signals an early increase in buying momentum, as does the fact that the coin’s price has just risen above its 30-day moving average (yellow).<\/p>\n

It’s important to note here that it has only just overtaken the average, meaning that further gains in the coming days are possible before PEPE runs out of steam.<\/p>\n

In this respect, it will be interesting to see whether the meme token can pass the $0.000000960 resistance level (red), from which it fell back down earlier in the week.<\/p>\n

If it can clear this price, then there’s no reason why it shouldn’t rise higher, perhaps returning to the 0.00000110 level it last saw over the weekend, before a loss of market liquidity dampened investor sentiment.<\/p>\n

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Of course, it’s worth pointing out to potential new investors that PEPE has lost a lot of steam in recent weeks, with the meme token now down by 78% compared to the all-time high (of $0.00000431) it recorded only a month ago.<\/p>\n

A skeptic would argue that PEPE’s time in the sun is now over, and that other trending meme tokens and altcoins will sooner or later come to take its place.<\/p>\n

That said, data suggests that larger traders are still buying and selling PEPE in the hope of making profits, indicating that the meme token still has a market and a following.<\/p>\n

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For this reason, it would be premature to claim that PEPE won’t see any other big gains in the near future, although its status as a ‘pure’ meme token means any such gains can’t be guaranteed.<\/p>\n

High-Potential Altcoin with Fundamentals<\/strong><\/h2>\n

For some investors, buying a token like PEPE might not be an attractive option, seeing as how the coin lacks any real utility.<\/p>\n

For this reason, more risk-averse traders may prefer to look to other new altcoins with solid use cases, with a handful of presale tokens currently having both the potential for gains and promising fundamentals.<\/p>\n

This includes ecoterra, a recycle-to-earn platform that has impressively sold more than $5.1 million of its native ECOTERRA token since its presale began last month.<\/p>\n

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Running on the Ethereum blockchain, ecoterra’s platform aims to provide a decentralized and crypto-based ecosystem for encouraging more sustainable living.<\/p>\n

Due for launch in the next few months, it will reward users in ECOTERRA for recycling their household waste at participating recycling points.<\/p>\n

The platform will also provide NFT-based carbon offsets to users who generate their green energy, with these credits tradeable on the platform’s own NFT marketplace.<\/p>\n

Together, such features show how ecoterra could help incentivize greener lifestyles while they also explain why the platform’s presale has been so successful already.<\/p>\n

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Investors can join its presale by visiting the official ecoterra website and connecting their software wallets, with 1 ECOTERRA currently costing $0.00925.<\/p>\n

This price will rise to $0.01 in just under a couple of weeks, although it could also rise much higher when the token lists on exchanges later in the year.<\/p>\n

Visit ecoterra Here<\/strong><\/p>\n<\/p><\/div>\n