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Pepe price soars 77% in a week as pre-sales for this new AI Meme coin surpass $3 million.

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The price of Pepe has risen 77% over the past seven days, trading at $0.00001683 as of 2:53 AM ET.

In the last 24 hours, Pepe price is up 13% on volume, which has surged 47%. It comes amid growing hype as the frog-themed token has recorded three consecutive record highs, each obliterating the previous one.

Amid the surge, some say PEPE will flip Shiba Inu (SHIB) into the second-largest meme coin by market capitalization.

But for now, the immediate target is Polygon (MATIC). If PEPE defeats MATIC and becomes 18thDay If the cryptocurrency is used by market capitalization, it would be the second token on the Ethereum blockchain. It will also be the second meme coin on the ETH chain after Shiba Inu.

The surge in Pepe’s price is largely due to the landmark approval of an Ethereum spot exchange-traded fund (ETF) on May 23. This approval signals increased mainstream acceptance and legitimacy of Ethereum as a blockchain platform. This could increase adoption of Ethereum-based projects and consequently increase the value of related altcoins.

The approval sparked positive sentiment across the cryptocurrency market. This has boosted investor confidence and increased demand for altcoins running on the Ethereum blockchain.

Pepe price prediction

Pepe price is consolidating within a rising parallel channel and is trading with a bullish bias. The frog-themed token appears poised for a breakout as it faces resistance due to the upper boundary of the channel.

According to the relative strength index (RSI) forecast, momentum is increasing as the lows of the indicator rise. This rise from the bottom has continued since mid-April. If RSI makes new highs higher than current levels, Pepe price could hit a new all-time high.

Moving Average Convergence Divergence (MACD) is also above the orange band on the signal line. This bullish signal indicates the strength of the current uptrend and potentially favorable conditions for further price rises.

Improved buyer momentum from current levels could see Pepe price flip the $0.00001707 threshold as a support bottom. A strong move above this level could send Pepe price towards the $0.00002018 target or, if very bullish, could extend it to $0.00002210 based on the Fibonacci indicator.

pepe

TradingView: PEPE/USDT 1-day chart

On the other hand, if profit taking kicks in and Pepe price corrects, it could go back to the 78.6% Fibonacci level of $0.00001426. A prolonged decline could send the Ethereum-based meme coin towards the 61.8% most important Fibonacci retracement level of $0.00001205.

A serious case where Pepe price falls below the 50% Fibonacci placeholder $0.00001050 would invalidate the bullish argument.

Elsewhere, investors are already turning to new dog-themed meme coin contender WAI for parabolic gains, with experts like Crypto Boy predicting 100x potential.

A promising alternative to PEPE

WAI is the token that powers the WienerAI ecosystem of adorable, fun, and undeniably unique creations. It has captured the imagination of meme lovers around the world.

This project is committed to becoming the best AI companion ever. Nothing will be able to keep it on a leash.

WienerAI has amassed a devoted following, especially among meme enthusiasts, AI enthusiasts, and cryptocurrency investors alike. Social media platforms are abuzz with excitement as users share memes, engage in lively discussions, and speculate about the project’s potential.

WienerAI operates as an ERC-20 token on the Ethereum blockchain, providing users with seamless compatibility with a wide range of decentralized applications and exchanges.

This project is not limited to buying and selling WAI tokens. Rather, it is more than fostering a movement that celebrates creativity, innovation, and the endless possibilities of technology.

Investors seem to have fully embraced the spirit of this project, as it continues to bring together a group of people who believe in the innovation and added value of AI. This technology can be used for good and, unlike recent portrayals of AI as evil, such as the Worldcoin series, it can bring hope for a future where humans can peacefully coexist with AI.

Buy WienerAI in Presale

WienerAI is in the pre-sale phase and has been an overwhelming success. Pre-sale sales topped $3.097 million, which is no mean feat. This speaks to the project’s broad appeal and the confidence investors have in its potential.

The token is currently selling for $0.000711, but this will only last for less than 48 hours before another price increase. WAI token holders can also stake their holdings for lucrative rewards, with Annual Percentage Yields (APY) of up to 328%, with over 3.1 billion WAI tokens already staked.

If you want to invest your money in projects that not only offer a future but are on the right track to yield significant profits, consider diversifying your portfolio with WAI.

Purchase $WAI tokens right now on the official website to participate in the pre-sale at a discounted price before the price increase begins.

Visit Wiener here to purchase.

Also read:

SMOG – Meme Coin with Rewards

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  • Airdrop Season 1 Live Starts
  • Earn XP to Win $1 Million in Stake
  • Cointelegraph Special
  • Staking Rewards – 42% APY
  • 10% OTC discount – smogtoken.com

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