Pepe price is down 24%, but its rival PEPE ICO is close to $35 million.

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Despite rising 2% in the last 24 hours, the price of Pepe has fallen 24% over the past week, trading at $0.00001793 as of 3:45 AM EST, with volume down 11% to $2.4 billion.

Pepe price prediction

The Pepe price appears to be very volatile right now, but many meme coin traders and investors want to know where it will go in the future.

The Bollinger Bands of the project have started narrowing in the last few hours, indicating growing uncertainty for traders. However, this could easily change if the Bitcoin price begins to lead a recovery. Meanwhile, the price of the token continues to fluctuate from one band to the other, occasionally pausing in the middle area between the two lines, but usually not for very long.

Pepe price prediction

Pepe’s Relative Strength Index (RSI) values show the same kind of performance, fluctuating mostly throughout the neutral zone and approaching but not quite reaching overbought and oversold zones.

Most of the time the swing goes from 40 to 65 and then drops back to 30 or never spikes to 70. This shows that traders are buying in response to sharp changes rather than trying to push the price in either direction. After a small decline, sell as soon as it starts to recover.

This uncertainty is not surprising after last week’s big drop, but the lack of willingness to take risks has led to prices becoming more volatile, constantly moving, and often changing direction.

Moreover, this phenomenon has been going on for almost two days now and many in the industry believe that the price should break out soon. PEPE appears to have bottomed at $0.000015 last Friday. So if prices surge, many believe it will be part of a recovery.

A promising alternative to Pepe

While Pepe is currently struggling amid a widespread market downturn, its newest PEPE-themed rival, Wall Street Pepe (WEPE), is going from strength to strength.

The project has already raised more than $34.84 million in less than three weeks, making it one of the fastest-growing presales and most successful presales of the year.

The project immediately became popular due to a number of factors, including the fact that the price is fixed, independent of the scheduled increases that occur each time the ICO enters a new phase. Then the previous Pepe ICO, Pepe Unchained, became a success, becoming one of the largest cryptocurrency ICOs in history, raising $74 million and reaching its hard cap.

Lastly, there is also the fact that WEPE is an extremely community-oriented project that creates internal groups for token holders to share trading strategies, price indicators, meme coin proposals, etc. to help them achieve greater profits from cryptocurrencies. .

The project argues that whales have always hated the way they cling to similar in-groups that benefit them, but do not share useful assets and knowledge with the retail merchant community. Now it offers something similar to the “little guy”, and the only thing you have to do to be a part of it is to buy the token, which is currently selling for $0.0003654.

Crypto YouTuber ClayBro, who has over 134,000 subscribers, recently predicted that WEPE could have at least 15x its potential, and also said that ICOs are making money despite the significant price declines of Shiba Inu and other meme coins. I drew attention to this point.