The overall market is in a bit of a slump, with none of the top 20 cryptocurrencies moving over 3% in the last 24 hours. However, Pepe (PEPE) has grown over 5% today, and many analysts see this as a sign PEPE still has a lot of growth left.
Let’s delve into some analysts’ forecasts for Pepe as well as other similar meme coins.
Pepe Daily Trading Volume Surges 46% Amidst Investor Anticipation
Pepe’s price has grown 5.84% today up to $0.00001279 per coin. However, its daily trading volume is pumping even more up 46.07% all the way to $1,108,137,354. Part of this growth is due to the recent approval of Ethereum ETFs (exchange-traded funds.)
With institutions exposing themselves to ETH, tokens on the blockchain naturally tend to gain more interest. With Pepe being one of ETH’s biggest tokens, investors looking to diversify into lower market cap projects are stocking up their portfolios.
Popular crypto analyst CorgiI with over 28,000 followers on X (Twitter) noticed this interest earlier in the day, predicting the market to move PEPE past its all-time high of $0.00001717 in the next 2-3 weeks.
$PEPE fresh ATH in the next 2-3 weeks imo 🐸 pic.twitter.com/rQIzWbA6zS
— CorgiI (@Corgil_) July 24, 2024
CryptoBreakout Trade has also shared bullish sentiments rooted in technical analysis. With multiple analysts predicting a Pepe breakout, we might see it reach its all-time high before the end of August.
$PEPE (Update)
Telegram channel 👇https://t.co/D6adSbHmXz➡️The bullish pennant has successfully broken out to the upside, and the retest has been completed on the 4-hour timeframe.#PEPEUSDT #PEPE #Crypto#memecoin #Memes pic.twitter.com/LJ7mNnRl7m
— CryptoBreakout_trade (@breakout_expert) July 24, 2024
Pepe has had outstanding performances lately, up almost 20% this month, and growing investor’s funds 8x over the past year.
However, many Pepe-inspired tokens aren’t benefiting from Pepe’s rising status.
Pepe-Inspired Brett, Hoppy, And PeiPei Stabilizing
Some of the biggest Pepe-inspired tokens are falling today. Brett (BRETT) has fallen 2.33% over the last 24 hours, making for a total 6.81% drop over the last week to $0.1316 per token. Its daily trading volume is also down significantly by 21.38% to $23,179,210. Looking at the last month, the coin looks like it is settling into a price for the time being with a net growth of 0.74%.
One of the year’s biggest winners- PeiPei (PEIPEI) is also slowing down in terms of growth. The coin is down 2.84% over the past 24 hours to $0.0000002995 per token. It dropped 9.09% over the last week, and its daily trading volume is down 22.19% to $13,880,613 showing decreasing investor interest.
Not in the best spot right now. Want to see it revisit the support around 2573 or climb back above resistance. pic.twitter.com/EPrzIBo79e
— VikingXBT (@VikingXBT) July 24, 2024
Hoppy, another Pepe-inspired success that grew 26x over the past year is also down 1.27% trading at $0.0001064 per token. It seems like its most explosive growth is behind it, growing just 7.33% in the last week.
While each of these tokens is capable of more growth, it’s looking like their fast 10x phases are behind them.
With these tokens slowing down their growth, analysts find promising ICO that could become the next PEPE.
Pepe Unchained Explodes Onto the Scene with Massive Analyst Support
Pepe Unchained (PEPU) is an innovative Pepe-inspired token with utility, bringing a Layer 2 solution to the meme coin space.
The project aims to revolutionize the ETH meme coin space by providing 100x faster speeds and lower transaction fees alongside a dedicated block explorer.
This combination of a Pepe-inspired likeness with much-desired utility in the space is what makes PEPU stand out amongst Pepe-inspired tokens. Selling at just $0.0086304 with over $5 million raised in the presale, it’s easy to see why analysts are bullish on the token.
99Bitcoins, a YouTube channel with over 700,000 subscribers is a long-standing supporter of the token. They’ve covered it in multiple videos, predicting PEPU to be one of the biggest hits of the year, and potentially become the next PEPE.
To ensure investors feel safe putting their funds into the coin, PEPU has passed two security audits by Coinsult and SolidProof. With 20% of the total 8 billion tokens allocated to the presale and another 30% allocated to staking with a 369% P/A, PEPU is extremely dedicated to its early investors.
There are less than 2 days left until the next price increase, making this the best time to get in on Pepe Unchained.
