The PEPE price has dipped by 6% today, falling to $0.000007883 as the crypto market loses 3% in the past 24 hours.
This price represents a 29% gain in the past week, and while PEPE is flat in a month it has held onto a healthy 245% gain in the past year.
And despite today’s loss, analysts remain bullish on PEPE and meme coins more generally, with one prominent crypto influencer – ‘intuitio’ – tweeting this week that he expects PEPE to outperform SHIB.
Given its performance over the past 12 months, such a prediction is certainly feasible, with PEPE overdue a big bounce.
Pepe Price Prediction as Dogecoin Boosts Meme Coin Visibility – Will PEPE Outshine SHIB as the Next Crypto Sensation?
As with many coins at the moment, PEPE is in a weakened position, yet it looks as though it’s not too far from turning a corner.
Its 30-day moving average (orange) is on the cusp of dropping below the 200-day (blue), at which point it will officially be in oversold territory, ready to bounce back.
Source: TradingView
PEPE’s relative strength index (purple) has declined close to 30 in the past day, indicating that the coin is trading at a discount relative to recent levels and should begin attracting new buyers.
The key thing at this juncture will be for the coin’s support level (green) to repel any further declines in the next day, since it has fallen through previous short-term supports recently.
What’s also discouraging is that PEPE’s trading volume is still pretty subdued at $600 million, as opposed to the levels close to $4 billion it enjoyed in early March.
However, traders and analysts are predicting that PEPE will make a strong comeback this year, with PEPE likely to outperform many of its rivals.
this game is too easy. i can see it so clearly it hurts me mentally. doge is OG and will pump a fair bit. but doge is crucial for pepe and wif. it sits there high up in the sky as a sign, as a fkn billboard saying “LOOK, YOU RETARDS, LOOK WHAT’S POSSIBLE”. shib is absolute crap,… pic.twitter.com/WwGEbRCp1m
— intuitio (@intuitio_) May 6, 2024
This, at least, is the forecast of ‘intuitio,’ who warns traders off Shiba Inu, which is also down today.
Recent transfer data supports his bullishness, showing that one whale bought around $10 million in PEPE yesterday.
The expectation would, therefore, be that PEPE is not too far from a strong rally, especially when it has taken a considerable amount of pain recently.
The Pepe price could therefore reach $0.000010 in the next few weeks, while hitting $0.000020 by the closing months of 2024.
Presale Tokens Gather Momentum for Big Rallies
While many are backing PEPE to do good things in the coming months, it certainly isn’t the only alt or meme token with the potential to rally big soon.
In particular, the market has seen a wave of new presale coins in recent weeks, with many of these looking ready to surge when they list.
Chief among them is WienerAI (WAI), a new Ethereum-based cryptocurrency that has raised more than $1.3 million in its sale.
Once you harness the power of AI for your trading…you’ll never look back.
— WienerAI (@WienerDogAI) May 7, 2024
Given that the WienerAI sale has been open for only a couple of weeks, this figure is a testament to how quickly the project is winning over investors.
And the reason for this is that, more than just another meme coin, WienerAI is the native token of an innovative AI-based trading bot that will help investors make winning trades.
On the one hand, it will answers trading queries and provide tips on potential winners, helping investors to move early.
On the other, it will also offer an atomic swap function, as well as provide protection against front-running bots and traders.
This means it could prove very instrumental in helping investors maximize their returns.
As a token, WAI will have a max supply of 69 billion, while holders will be able to stake the coin for a passive income.
STAKE NOW and fill your wallet with beautiful Wieners!!!
Current staking apy is over 2000%!
Buy and stake here: https://t.co/FCpYSr1k8g
— WienerAI (@WienerDogAI) April 21, 2024
This all makes WAI a highly promising new coin, with investors able to join its sale at the official WienerAI website.
Currently, 1 WAI is selling for $0.000705, with this presale price rising in just under three days.
The sale will end once it sells 30% of WAI’s overall supply, at which point the coin will list, and potentially surge.
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