{"id":89639,"date":"2024-02-05T21:55:25","date_gmt":"2024-02-06T02:55:25","guid":{"rendered":"https:\/\/ifintechworld.com\/?p=89639"},"modified":"2024-02-05T21:55:28","modified_gmt":"2024-02-06T02:55:28","slug":"pepe-price-prediction-as-pepe-drops-14-in-7-days-is-pepe-coin-going-to-zero","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=89639","title":{"rendered":"Pepe Price Prediction as PEPE Drops 14% in 7 Days \u2013 Is PEPE Coin Going to Zero?"},"content":{"rendered":"
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The Pepe (PEPE) price prediction remains bearish with the meme coin having now dropped more than 16% in seven days.<\/p>\n

PEPE\/USD was last changing hands on major centralized exchanges just under $0.0000009.<\/p>\n

The Pepe price has nearly halved since hitting fresh multi-month highs back in December near $0.00000175.<\/p>\n

Pepe, which is trading substantially below its major moving averages, may have had its fate worsened by a new competitor.<\/p>\n

Last week, a pseudonymous crypto developer called Pauly0x launched a fork of Pepe called PepeFork (PORK).<\/p>\n

PORK has already been able to attain a market cap of $240 million.<\/p>\n

That\u2019s around 65% of the market cap of Pepe, which was last around $370 million.<\/p>\n

Meanwhile, it has attracted over $16 million in liquidity in its WETH\/PORK pair on Ethereum, as per DEXTools.<\/p>\n

That\u2019s more than the equivalent WETH\/PEPE pair has, at just under $10 million.<\/p>\n

Since its launch last April, the original Pepe coin has been marred by controversy and faced claims that it\u2019s a rug pull.<\/p>\n

While PORK may have sprung up to address such concerns, investors should still be cautious that PORK might be a scam itself.<\/p>\n

Either way, PORK\u2019s arrival on the scene is seemingly dampening demand for Pepe.<\/p>\n

Near-term Pepe price predictions seem likely to remain bearish, especially if it falls under a key support level.<\/p>\n

Is Pepe Price Going to Zero?<\/strong><\/h2>\n

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Pepe price bears are currently attempting to push the token below key support at $0.0000009.<\/p>\n

Should this level break, there is very little to stop the Pepe price from falling all the way back to last September\/October\u2019s lows in the $0.0000006 area, which could mark losses of over 30% from current levels.<\/p>\n<\/p>\n

But will the Pepe price go to zero? It\u2019s far too early to bet on Pepe\u2019s death.<\/p>\n

As per DEXTools, Pepe coin is held in over 150,000 wallets, a decent proxy for the number of individual owners.<\/p>\n

Pepe\u2019s official X account<\/a> also has well over half a million followers and the meme coin\u2019s Telegram has nearly 60,000 members.<\/p>\n

Big Pepe price drops are highly plausible, but for the price to go to zero, this massive community would likely need to evaporate.<\/p>\n

That doesn\u2019t seem likely any time soon.<\/p>\n<\/p><\/div>\n