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The much-anticipated Bitcoin halving finally took place on April 19, 2024, causing a significant reaction among many cryptocurrencies on the market.
The popular meme coin PEPE has begun a strong upward trend in its price since the BTC halving. On April 18, a day before the halving, PEPE closed at a price of $0.000005.
On Apr 20, it opened at a price of $0.00000515, marking a surge of approximately 3.66%. Over the past seven days, its price performance has been promising, showing an 18% increase.
Other than the halving, Coinbase Futures’ April 23 listing of PEPE has also contributed to its growth. The world’s second-biggest cryptocurrency exchange added a 1000PEPE-PERP pair, which is a significant move to add more liquidity to PEPE and enhance its exposure.
The latest Pepe price chart shows that PEPE has grown by 6% in the last 24 hours.
At the time of writing, the Pepe price is $0.0000068, which is again a 30% increase from before the halving event. The market cap is currently more than $2.88 billion. According to CoinMarketCap, PEPE is again the third largest meme coin in terms of market capitalization – flipping Dogwifhat today.
$WIF has a Coinbase Futures listing on April 25 however so that may not last long.
Pepe Price Performance Last Month Was Bullish
PEPE reached its all-time high of $0.00001083 on 14 March 2024. The PEPE charts displayed a downward trend from 14 March 2024 to 19 April 2024, with strong bullish piercing candles.
Pepe Price Prediction 2024
Crypto experts predict the price of Pepe token will reach as high as $0.00000758 towards the end of April 2024. In May and June 2024, the price of PEPE is predicted to rise to $0.0000124 and $0.0000148, respectively.
One of the top crypto YouTube channels 99Bitcoins today uploaded a Pepe coin price prediction video – forecasting a new all-time high may be hit in the near future.
Should You Invest In Pepe Coin?
The BTC halving has had a tremendous effect on PEPE’s price in just three days. The price is expected to rise further. However, going by what the candles have to offer, to surpass the price of $0.00000752, a strong green candle has to appear to touch the price mark of $0.00000666. So far, the upward trend has no presence of a red candle, which is a good sign for a consistent upward trend.
For intra-day traders, the bullish rise in PEPE’s price presents a good opportunity for short-term gains. However, for long-term investments, PEPE may not be quite a good immediate option as the price movement highly depends on buyers’ behavior. Though the candles show an upward trend, the short green candles suggest low volumes of trades.
Investors could opt for a dollar cost averaging (DCA) plan however it is crucial to note here that for the top meme coin’s price to reach a new all-time high price, the previous resistance line of $0.00000997 has to be broken.
Dogeverse – Next Top Meme Coin Among The Low Caps?
Dogeverse, a multi-chain token, is new upcoming meme coin we reviewed previously here.
The 99Bitcoins channel also reviewed Dogeverse alongside Pepe in a previous video.
Dogevese aims to provides more utility than PEPE as the first Doge meme token to be launched on six different blockchains: Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.
Dogeverse was initially minted on the Ethereum network, which is easily accessible for crypto traders across the world to access its presale.
Solana and Polygon then make it highly affordable, Base provides an even higher level of versatility to this token, Avalanche adds scalability, while the BNB chain again helps avoid gas fees.
Its presence in six different blockchains could open up future avenues for building new and innovative coin utilities. Hence, it has the potential to become the first interoperable meme coin.
Its future prospects seem to have made it a favorite choice amongst both Degens and prudent investors, given the rapid pace at which the presale is selling out.
So far, Dogeverse has successfully raised more than $9 million in its presale. At present, the token is valued at a nominal price of $0.000301.
The presale’s current stage closes in less than 48 hours. Those who are interested in this new multi-chain meme can find the whitepaper at thedogeverse.com.
*Cryptonomist did not write the article or test the platform.
