Pepe Price Prediction: PEPE Rises 21%, but Will the 2.0 Version of This Star Meme Coin Be 100X Again?

The price of Pepe has risen 21% in the last 24 hours, trading at $0.00000149 as of 2 AM ET, with volume up 250%.

This comes amidst the hype surrounding the Christmas holiday, which, as it falls on the weekend, sees a surge in trading volumes and retail markets tend to take a backseat.

Pepe price outperformed its peers in the meme coin category, with Dogecoin (DOGE) and Shiba Inu (SHIB) posting single-digit gains. Nonetheless, each of these surges shows that the recent meme coin craze is not over yet.

After PEPE attracted the market’s attention due to its recent surge in price, attention shifted from BONK to PEPE.

Pepe price prediction

Pepe prices are trading within a supply barrier between $0.00000146 and $0.00000172. To confirm an upward trend, the price must close the candlestick above the middle line of this barrier, $0.00000159.

According to the technical outlook, an upside is still likely given that the relative strength index (RSI) is above the 50 level. Likewise, the Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD) are in positive territory, indicating bullishness driving the PEPE market.

Increasing buying pressure could push Pepe price to turn the supply barrier into a bullish breaker, potentially boosting gains to clear the same high of $0.00000191. In a very optimistic case, Pepe price could rise to $0.00000191.

On the other hand, if the supply barrier holds as resistance, Pepe price may fall below the $0.00000144 support and decline. In a worst-case scenario, the sluggishness could extend to the point where PEPE price loses the support provided by the upper trendline at $0.00000120.

A close below this level would invalidate the generally bullish outlook.

Meanwhile, after successful bridging, attention shifted to SPONGE V2, an upgrade of the original SPONGE. The token is included in analysts’ upcoming cryptocurrency pre-sale lists as traders unlock early investment opportunities.

A promising alternative to PEPE

SPONGE V2, one of the top cryptocurrencies to invest in 2024, is a revenue-generating project that evolves as an upgrade of Sponge V1, which was launched during a bear market in May 2023.

What launched as a fair token with an astronomical all-time market cap of nearly $100 million has now evolved into an even bigger and more valuable token.

📣 We are excited to announce this. #sponge Connects from V1 to V2!

your $sponge Earn #SpongeV2 token. 🧽︎

Buy and stake now to receive special V2 token bonuses! Don’t miss it 🔥#memecoin #web3 #bull market pic.twitter.com/bYmkg1TNrU

— $SPONGE (@spongeoneth) December 18, 2023

To obtain SPONGE V2, investors must purchase and stake Sponge V1 through the purchase widget on the Sponge.vip website.

Alternatively, you can stake Sponge V1 through the Sponge.vip website. In particular, the more V1 tokens you stake for a longer period of time, the more V2 tokens you can earn. Once the remaining supply of Sponge V1 is exhausted, you can claim Sponge V2 tokens.

Buy SPONGE V2 tokens here.

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