Pepe Price Prediction: PEPE Hits All-Time High After Gaining 61% As This New Solana Meme Coin Surges 121% In One Month. – New Bonk?

adminMarch 4, 2024

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The price of Pepe has surged 61% to $0.00000662 as of 1:40 AM EST, with volume up 110%.

Meme Coin is on a downward trend, a trend triggered by widespread optimism in the Bitcoin (BTC) market. Sector tokens tend to take their cue from BTC, which could allow PEPE to soar to new ATHs.

In memecoins, more than in most other fields, power breeds more power.
— Kaleo (@CryptoKaleo) March 4, 2024

As the biggest gainer in the meme coin category, Pepe is leading the pack with his peers closely following. Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK) are also showing a downward trend, rising 20%, 26%, and 45%, respectively. Floki Inu (FLOKI) is up 25%, while Dogwifhat (WIF) is the only outlier, down 2%.

memecoins absolutely run!
While most other alternatives today are flat or declining. pic.twitter.com/loPciVODs7
— borovik.eth (@3orovik) March 4, 2024

The WIF price drop is likely related to the highest price whale reserve revenue of 750,000 Solana (SOL) tokens. This is according to a recent report from Lookonchain, a blockchain research and data provider.

Trader spending 5.288 million $SOL($310) 2.58 million purchases $WIF (Currently $4.1 million) Sales begin $WIF You profit from the highest price.
He sold 750,000 $WIF About 9,363 $SOL($1.21M) $1.61, 183M $WIF ($2.91 million) remaining.
Total profit is $412M (13,307x)! https://t.co/Fc8EWZ673m pic.twitter.com/elFRilLtNd
— Lookonchain (@lookonchain) March 4, 2024

As meme coins rebounded, the sector’s market capitalization also rose 20% on the last day to $20.7 billion, according to CoinMarketCap data. This sector has also outperformed emerging sectors such as DeFi and exchange cohorts.

Pepe Price Outlook As PEPE Leads Meme Coin to Biggest Rise

Pepe price hit an all-time high of $0.00000679, an intraday high on Monday, well above its May 5, 2023 high of $0.00000439. It remains well above the midpoint of the market range, which could lead to further gains. This is because all technical indicators are bullish at the time of publication.

First of all, the Relative Strength Index (RSI) suggests PEPE has steady upward momentum despite being massively overbought. This can be seen by looking at the RSI position of 91. Nonetheless, Well Wilder advises that you can sell your assets if the RSI falls below 70.

Therefore, traders with open positions on the Pepe price should consider leaving them open, but traders looking to open new positions should exercise caution as the risk of a market correction is high.

Nonetheless, the bulls remain in a strong position in the PEPE market, as can be seen from the bulky green histogram bars for the Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD). MACD being well above the signal line suggests that the bullish cycle is strengthening. Increasing buying pressure could push Pepe price to break the $0.00000679 high and create higher highs. In a very bullish case, the frog-themed token could tag a psychological level of $0.00000800, almost 20% above current levels.

pepe pepe

TradingView: PEPE/USDT 1-day chart

converse case

Conversely, if profit taking continues, Pepe price could lose profits and potentially retest the $0.00000439 level.

Meanwhile, consider Smog, a Solana-based meme coin that rose 121% in one month. Considering this could be the next BONK, this meme coin promises to be the mother of all airdrops and experts say it could go 1000X by 2024.

Some analysts rate Smog as one of the best meme coins with the potential to earn exponential profits, while others say it is one of the best penny cryptocurrency investments.

A promising alternative to PEPE

The smog token quickly gained popularity, with analysts predicting that it will surpass the heavyweights of Solana meme coins including BONK, MYRO and WIF. “One meme coin to rule them all” is the slogan.

one #memecoin To rule them all! 🚀
Get ready for the best moment #airdrop Distributed in History #Solana. 💰
join #smog From Jilly! 🔥
Profile link 🔗 pic.twitter.com/vsn4p5cSF4
— Smog (@SMOGToken) February 8, 2024

Smog has garnered significant attention within the meme coin community since its fair launch on Jupiter DEX on February 7th.

🚨 $smog Airdrop Live 🚨
Rule them all with one meme coin! 🐉
🌐 66K cross-platform community
👥 28.8K owners
💰 $40.6 million MC
✅ Complete 600,000 quests
Did you go in? 📈🙌 pic.twitter.com/Idhi8UHlE6
— Almighty (@Almighty_Gives) February 27, 2024

Smog set out to revolutionize the meme coin space with an ambitious and rewarding airdrop plan that has been hailed as ‘the best airdrop ever’.

The initiative will see a significant 490 million tokens distributed to $SMOG holders, making it one of the largest airdrops on the Solana platform.

join #smog To the community #jilly And try increasing your points $smog #airdrop. 🐲
Complete quests to earn extra points! 📊
Stay tuned for future announcements. 📢🔗https://t.co/3EQxvQwsw3#Cryptocurrency Community #altcoin #memecoin #Binance #Cryptocurrency
— Smog (@SMOGToken) February 21, 2024

Smog Jelly Campaign

There is also a Zealy campaign that allows users to further increase their airdrop points by completing the following tasks: Smog of X Engage with social media posts.

Enthusiasm surrounding the Zealy campaign grew after the announcement that more than 800,000 quests had been completed as users worked to collect as many airdrop points as possible.

Smog has also expanded to multiple chains via the Wormhole bridge, allowing Ethereum users to benefit from the upward movement.

$SMOG tokens are now accessible on both chains, and the project website offers a 10% discount on token purchases. Alternatively, you can use $SOL to acquire tokens on Jupiter DEX.

Visit here to purchase Smog.