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Pepe (PEPE) has experienced a surprise 34% surge in the past week, sparking interest once again in the popular frog-themed token.

At the same time, a new meme coin project called Pepe Unchained (PEPU) is starting to make a name for itself by raising over $4 million during its ICO phase.

PEPE is making headlines once again.

Currently trading at $0.0000119, PEPE has reached its highest value since June 28, marking a 62% climb from its local low on July 5.

And PEPEs technicals suggest it could keep pushing higher.

The token has logged four consecutive green closes a feat not seen since early May.

PEPE also breached its 50-day exponential moving average (EMA) on Monday.

The next hurdle is at $0.0000133, which has previously served as a strong resistance level.

Trading activity has picked up alongside PEPEs price surge.

In the past 24 hours, PEPEs spot trading volumes topped $1.7 billion, cementing its position as the 9th most traded cryptocurrency in the world.

Its also now the most traded meme coin, outpacing Dogecoin (DOGE) by over $700 million in volume. Ultimately, after several weeks of bearish momentum, PEPE appears to be regaining its footing.

PEPEs rally isnt an isolated incident.

The entire meme coin sector has been green over the past week.

DOGE and Shiba Inu (SHIB), the original meme coins, have both jumped over 16%.

Solana-based dogwifhat (WIF) has outpaced them with a 28% gain.

However, the crown for the biggest gainer goes to Popcat (POPCAT), which soared by 49%.

This widespread rally has pushed the total meme coin market value back above $51 billion.

Also, over $8 billion in trading volume was recorded in the past 24 hours alone.

The resurgence is driven by investors once again embracing risk-on assets like meme coins.

And this shift in market sentiment coincides with recent geopolitical events.

A failed assassination attempt on former U.S. President Donald Trump over the weekend seems to have sparked renewed interest in high-risk investments.

Some speculate that this assassination attempt has boosted Trumps chances of winning the upcoming election in November.

Since Trump is supportive of crypto, the whole crypto market (including meme coins) has gone up in value.

While established meme coins are rebounding, newcomer Pepe Unchained (PEPU) is entering the market with a fresh approach.

This project has raised over $4 million in its ICO and caught the attention of retail investors in the process.

The main reason is that Pepe Unchained isnt just another frog-themed token.

The developers aim to build a specialized layer-2 blockchain network for meme coins, potentially solving issues like high fees and slow transactions.

For example, imagine buying $100 worth of a meme coin on Ethereum and losing $10 to transaction fees.

Pepe Unchaineds layer-2 solution could reduce those fees to cents.

And this would make small trades more viable great news for active traders.

The layer-2 network could also speed up transactions from minutes to milliseconds, allowing traders to capitalize on viral moments without congestion.

Pepe Unchaineds early ICO success indicates investors are interested in this idea.

More than 7,100 people now follow the projects Twitter page, while Pepe Unchaineds Telegram channel also has thousands of members.

Even popular YouTuber Matthew Perry has mentioned the project.

As with any new crypto project, Pepe Unchained will need to deliver on its promises to maintain this positive momentum after its launch.

But for now, its an interesting example of innovation in the meme coin market.

Disclaimer. This publication is sponsored. Cointelegraph does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Cointelegraph or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Cointelegraph shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.

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Pepe rises over 30% in a week as Pepe Unchained raises $4M in ICO - Cointelegraph

Last updated: July 12, 2024, 12:46 EDT | 2 min read

The top frog, Pepe, is in hot water as PEPEs price falters, losing its stronghold above a crucial support level. With the price analysis predicting a further decline, a competitor is seizing the opportunity to make waves.

This article will provide an analysis of PEPEs current price trends and look to see whether a viral new Pepe competitor represents a more promising investment opportunity at this time.

With prominent traders on Crypto X (formerly Twitter) now calling bearish sentiment on the PEPE chart, it seems likely that this downside move will continue to rinse holders.

As Pepe price battles downside trajectory, the coin is currently trading at a market price of $0.00000885 (representing a 24-hour change of -0.45%).

This comes as PEPE tumbled from its accumulation zone and attempted consolidation above $0.00009 in a calamitous drop that has destroyed any remaining bullish chart structure for the top FROG.

Critically, losing the support of the 20DMA has left the price especially vulnerable to further free-fall the last time this happened on July 2nd PEPE dropped -33% before fighting back above the key MA.

Meanwhile, the RSI indicator has shifted to strong bullish divergence amid the downtrend, with huge upside capacity available however, its worth noting this indicator can often stay decisive longer than traders can stay liquid so dont rely on this.

To the downside, the price might now be on course to drop down to lower support at $0.00000575 (a possible -35%).

While to the upside, PEPE could mount a move back above the 20DMA to $0.0000095 (a potential +7.34%).

This leaves Pepe with a risk: reward at 0.21 a terrible entry into the weekend.

But despite downside for the top Frog, retail investor interest and buy-volumes show no signs of slowing down in the PEPU presale.

Its no secret that presales have caught flack in the 2024 market; scammy developers across the Solana space have made a killing in recent months enticing investors to participate in meme coin presales only to rug the projects.

This is a scourge that must be banished from the crypto space. At its heart, it is an issue driven primarily by coins lacking the utility needed to sustain strong buy pressure.

This utility aspect explains why a jaw-dropping $3.31M has already been raised for PEPU.

The best way to think of Pepe Unchained is Pepe 2.0, a highly scalable layer-2 solution that enables ultra-cheap deployment.

Sound familiar? Thats because the second-biggest meme coin, Shiba Inu, has already done something similar with the deployment of Shibarium last year to great success.

So dont miss this chance to get in early on the next major play in the Pepe community.

Buy PEPU Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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Pepe Falls Hard as a $3.2 Million Rival Emerges - Cryptonews

MOONHOP is rising in the meme coin market with speed, with its presale nearing $1 million. While PEPE struggles with a 14% drop and Mog Coin rises with impressive growth, MOONHOPs unique approach and engaging community, known as The Fluffle, are creating a buzz. With the presale at $0.001 per coin, MOONHOP is quickly positioning itself as a top contender in the meme coin space. As investors look for the next big opportunity, MOONHOPs joyful adventure and strategic roadmap are making it a promising option amidst fluctuating trends in the Pepe Price Prediction and Mog Coin Rise.

PEPE, a relative newcomer to the meme coin sector, has faced significant challenges. Despite leveraging the popular "Pepe the Frog" meme, PEPEs performance has been underwhelming. Currently, PEPE is priced at $0.059152, with a 24-hour trading volume of $1,043,987,101. This marks a 1.79% decline in the past 24 hours and a 14.14% drop over the past week, pushing its market capitalization to $3.9 billion.

Significant whale activity has further impacted PEPE's market movements. Data from Arkham Intelligence revealed a whale staked 2 trillion PEPE into the Sophon blockchain project, while another whale transferred 9 trillion PEPE to Bybit. These substantial transactions have contributed to increased market volatility and uncertainty.

In contrast to PEPE, Mog Coin has been on a remarkable upward trajectory. Recently joining the top 100 cryptocurrencies by market cap, Mog Coin has outperformed many of its peers. As of now, Mog Coin (MOG) is valued at $0.000001705, reflecting a 12.96% growth over the past 24 hours and a significant rise since its debut.

Mog Coins success can be attributed to its recent listings on major exchanges like KuCoin and WOO X, which have increased its accessibility and market visibility. With a market cap of $614.57 million, Mog Coins double-digit growth amid a market dominated by blockchain and AI tokens underscores its strong investor interest and potential for continued success.

As PEPE struggles and Mog Coin rises, MOONHOP is making a compelling case for itself. With its presale raising $921,000 in stage 1 at a price of $0.001 per coin, MOONHOP is gearing up to become a significant player in the meme coin market. The project introduces a unique and engaging narrative that sets it apart from the competition.

MOONHOP aims to create a vibrant, inclusive community where every participant, affectionately known as "The Fluffle," can thrive. The projects roadmap outlines clear stages, from launching the presale to listing on major decentralized exchanges (DEXs) and eventually centralized exchanges (CEXs).

The MOONHOP whitepaper emphasizes a joyful adventure, promising a fun and engaging experience for its community. The coinomics structure, with a total supply of 8 billion MOONHOP and a presale allocation of 4 billion, ensures a fair distribution and robust growth strategy. The presale's 50-stage structure rewards early supporters and facilitates a gradual price increase, making it an attractive investment opportunity.

MOONHOPs marketing efforts and partnerships with influencers aim to create buzz and expand its reach. The project also plans to establish a strong liquidity pool to ensure smooth trading and minimize price volatility. Community engagement through social media channels, contests, and airdrops further strengthens the bond within The Fluffle, fostering a supportive and dynamic ecosystem.

MOONHOPs presale success and innovative community focus make it a standout in the meme coin market. While PEPE faces challenges with declining momentum and Mog Coin enjoys a rise in market visibility, MOONHOP is rapidly gaining traction. Its structured presale, vibrant community, and strategic roadmap position it as a top meme coin to watch. For those seeking significant crypto investments, MOONHOP offers a promising opportunity. Join The Fluffle and be part of this exciting journey, as MOONHOP aims to surpass the likes of PEPE and capitalize on the ongoing Mog Coin Rise.

Join Moonhop Presale Now:

Website:Moonhop.io

Presale:https://moonhop.io/buy

Twitter:https://twitter.com/Moonhopcoin

Telegram:https://t.me/moonhopcoin

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PEPE Drops as Mog Coin Rises But MOONHOP Presale Shifts Gears, Nears $1 Million- Is it The Top Meme Coin? - Techpoint Africa

Pepe Coin (PEPE) the Ethereum frog meme that delivered altcoin investors outstanding returns in 2023 and this year is on a bit of a downtrend since last week.

Meanwhile, crypto exchange market analysts have suggested the coins technical signals are matching up with a previous run-up to a sudden 40% correction this past January.

But real quick first theres a potentially important opportunity on the Ethereum network to be a big fish in a small pond again with Kai Cat Coin (KAI), a cat meme currency in pre-sale in June. Okay back to Pepe

So why did the Pepe Coin price fall over the past week? Furthermore, are Pepe Coin bag holders safe to hold or should they sell off or buy even more Pepe Coin?

Also, should meme coin gem hunters who are looking for outstanding returns on investment for their principal sums ventured make an entry into PEPE in Q2?

Finally, are there any other new projects going on in Q2 on Ethereum that have the look and potential makings of another dark horse/blackswan like Pepe Coin was in 2023?

Here are some brief answers to all of these questions:

Pepe Coin price fell over the 7-day window ending on Sunday, June 2, from the $0.0000165 handle to $0.000015, with support above the $0.000014 level.

That 11% price correction downward knocked hundreds of millions of dollars worth of PEPE coin from its $6.25 billion market cap this week.

So why did PEPE price capitulate on the seven-day window, leading losses among several cryptocurrencies, along with Lido DAO (LDO), Ethereum Classic (ETC), and Bonk (BONK)?

Mostly because its price is up 80% on the one month window, even with the 11% decline over the most recent seven days. So the price took a cooldown along with other Ethereum-related currencies that pumped after the SEC green lighted Ethereum ETF applications in May.

That doesnt mean the coin is going to reverse to a bearish trend, although it is possible it could.

A recent article in Cointelegraph warned that the current technical patterns on Pepes price and market data charts mirror their behavior preceding a 40% Pepe price crash in January.

That trend was mostly a price that continued to climb higher while the relative strength index (RSI) for PEPE increased by a significantly smaller amount with each rally until the price crash.

Theres no guaranteeing what markets will do in the future for any asset, but if Pepe were to crash 40% again it could also rise again by hundreds of percent soon afterward just like it did the last time it corrected by that much in January. The following March and May were even more successful months for PEPE tokens than its outstanding bull runs last year.

Theres no telling for any individual investor what is best based on their relevant sums, timeframes, goals, and strategies. But after its price has cooled some is usually a good time to make an entry into a popular and volatile liquid asset in a long-term uptrend.

The next Pepe Coin may not be a Pepe coin or any kind of frog-inspired meme currency. After all, PEPE built itself on the slogan: The Dog Days Are Over. That doesnt mean the frog days are forever. It might even imply the cat days are coming up next in cryptocurrency to knock the doges off their throne. Theres no telling for certain, but one candidate for the next Pepe Coin is Kai Cat Coin an Ethereum ERC20 currency with a solid roadmap in presale in Q2 2024.

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Are Pepe Coin Price Risks Worth The Squeeze In Q2? - NewsBTC

Pepe (PEPE) faced a steep correction over the last few days. However, the memecoin seems to be rebounding with a nearly 10% rally in the daily charts. Moreover, the cryptocurrency is up by 51% over the last month and 1391% since June 2023. However, it should be noted that the frog-themed crypto has dipped 11.2% in the weekly charts and nearly 16% in the 14-day charts.

Also Read: Pepe Whale Buys $2.9 Million Worth of Coins: Rally Incoming?

The frog-themed cryptocurrency hit a high of $0.00001717 on May 27, 2024. But, prices did not hold for long. The asset has fallen by nearly 23% since its May 2024 peak. The latest rally may be because of investors expecting a positive outcome from the FOMC (Federal Open Market Committee) meeting.

Memecoins are having a particularly good year in 2024. Bonk (BONK), dogwifhat (WIF), Floki (FLOKI), etc., have all displayed stellar growth this year, outperforming major crypto projects, like Bitcoin (BTC) and Ethereum (ETH), in various instances.

PEPE is no different. The asset has swiftly climbed the charts and is currently the 23rd-largest project by market cap.

Also Read: Cryptocurrency: Pepe Coin Investor Makes $5.3 Million in Just 6 Months

Crypto analysis firm CoinCodex believes that the frog-themed cryptocurrency could enter a rally over the next couple of weeks. The platforms data shows that the memecoin could hit a new all-time high of $0.00001822 on June 18, 2024. Reaching $0.00001822 would be a rise of around 38% from current price levels. Additionally, CoinCodex data shows that PEPEs price could climb to $0.00004472 on July 10, 2024, a rally of nearly 240% from current levels.

Nonetheless, there is a possibility that PEPE will face another correction in the coming days. The frog-themed memecoin does not have a lot of utility and is subject to market volatility. Moreover, if the FOMC meeting does not go as traders hope, the assets price may face a steep decline.

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Pepe Rebounds With 10% Rally, New All-Time High Soon? - Watcher Guru