Pepe Price is up 12% in one week, but investors are flocking to this multi-chain Dogecoin derivative and its 53% annual return.

adminMay 20, 2024

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Pepe prices have risen 12% over the past seven days, trading at $0.0594 as of 1:04 AM ET.

In the last 24 hours, PEPE price has fallen slightly on volume, down 10%. Nevertheless, frog-themed tokens are gaining popularity amid the possibility of approval of an Ethereum exchange-traded fund (ETF). Some believe the ETH ETF approval could bode well for PEPE.

Which coins are likely to move the strongest? $ETH Has ETF been approved?
my guess is $PEPE
— The Horse (@TheFlowHorse) May 20, 2024

Some futures traders are taking bold long positions.

I was a little longing for it $PEPE. The plan is to take profits at the highs and sell short there. The profits generated from the buy position will be a good buffer against the sell position.
The logic behind this idea is explained in a recent YouTube video shared below 👇 https://t.co/djKhcUym6g
— CrediBULL Crypto (@CredibleCrypto) May 20, 2024

The report found that 558 new addresses purchased PEPE this weekend.

+558 new $PEPE Holder today.
Every meme has a huge rise and then a slight decline.
Have an uneventful and enjoyable weekend.
💚🐸 https://t.co/CF2ZndvfdD pic.twitter.com/hOcSTybURv
— Plasma (@Plazma0x) May 18, 2024

Most of the optimism surrounding PEPE follows Bitcoin price soaring above the $67,000 threshold. This caused the price of Solana to rise above $170 and the price of Ethereum to recover above the psychological level of $3,000. Meme Coin’s market capitalization surged 8% to $58 billion. Accordingly, the prices of Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) also soared.

The cryptocurrency market has seen some major surges and short-term pressures over the past week, but here’s what caught our eye:
BTC surged above $67,000, ETH surpassed $3,000, and SOL recovered $170.
Meme Coin’s market capitalization increased 8% to $58 billion. $DOGE, $SHIBand $PEPE Leading the charge.
Time/Time: @COIN360com pic.twitter.com/oOWdp0WOM5
– Algoworx (@algoworx) May 20, 2024

Pepe price prediction

Pepe price is trading with a bullish bias, holding above the $0.000009081 threshold as PEPE bulls defend their weekly gains. The market still favors an uptrend, and Pepe prices could bounce back if the aforementioned levels of buyer congestion remain as support. Traders looking to take a long position on PEPE might consider waiting until the candle closes above $0.000009887.

A stable close above that level would likely induce more buy orders and push the Pepe price down to the $0.000012000 psychological level.

Momentum indicators are also tilting in favor of the uptrend. The relative strength index (RSI) is on the rise. This suggests a growing bullish sentiment, which is further emphasized by the node surge in the volume profile.

The Awesome Oscillator, which is also a momentum indicator, continues to remain in positive territory, supporting the bullish view. This means that short-term momentum is greater than long-term momentum, which means a strong upward price movement. This could be a good sign for traders to consider entering or holding a buy position.

pepe price

GeckoTerminal: PEPE/USDT 1-day chart

On the other hand, Pepe price may fall if the $0.000009081 support level falls. A prolonged decline below the $0.000009000 psychological level invalidates the bullish argument.

Meanwhile, as Pepe price defends its weekly gains, some traders are circulating capital into DOGEVERSE, the upcoming Dogecoin 2.0 ICO that offers staking features with a 53% annual return.

Dogeverse is the first multi-chain meme coin and is included in cryptocurrency YouTuber Jacob Bury’s list of meme coins with 10x potential.

A promising alternative to Pepe

DOGEVERSE is a powerful token in the Dogeverse ecosystem, a new pre-sale that challenges industry standards by inviting traders into a new realm of interconnected memetic activity.

Dogeverse is the first meme coin to be launched on the 6 most used blockchains after Bitcoin and is said to be “the world’s first chain travel Doge.”

poop! Another wormhole has appeared in the wrong place!
Definitely won’t go there! 🏝️#memecoin #Ethereum #viceroy #Cryptocurrency #MemeCoinSeason2024 pic.twitter.com/vRgssnVJdd
— DogeVerse (@The_DogeVerse) May 10, 2024

While most meme coins are limited to just one blockchain network, Dogeverse is built on top of the Ethereum, BNB, Polygon, Solana, Avalanche, and Base chains. There are already multi-chain cryptocurrencies, but none are as widespread and interconnected as DOGEVERSE.

Why limit yourself to just one when you can have it all? $DOGEVERSE starts with security. #Ethereum It guarantees strong security and reliability. 🛡️💻
🔥 Bridging the gap between #Cryptocurrency Improves liquidity, usability, and fun across the ecosystem. #Cryptoverse! 🎉#AltSeason pic.twitter.com/zOg8albhry
— DogeVerse (@The_DogeVerse) May 3, 2024

With these competitive advantages, the token is creating a narrative that focuses minds on the expanding opportunity for meme coins being created across multiple chains.

Never underestimate the power of flexibility and choice! 💪 🏋️‍♀️
$DOGEVERSE offers something uniquely different from others. Give yourself what you prefer. #blockchain. 🌍
Either that #ETH, #brush, #BNB chain, #Base, #Matic or #AVAXAdapt to your needs for speed and cost!
— DogeVerse (@The_DogeVerse) May 2, 2024

Dogeverse had tremendous success in its ICO, achieving over $15 million in pre-sale revenue. Now we are giving you one last chance to buy DOGEVERSE for $0.00031. If you are interested in purchasing, take action just before the token launch is imminent.

Visit Dogeverse on the official website here to purchase.