Binance Coin (BNB) Struggles to Break Resistance as New Memecoin PEPETO Gains Momentum

Binance Coin (BNB) has been experiencing a turbulent period as it approaches key resistance levels. While the asset's outlook remains bullish on the macro scale, short-term demand appears low, with the price largely trading sideways.

Binance Coin (BNB) price experienced a slight decline on Monday, slipping 3% over the past 24 hours to trade at $688, according to data from Coingecko. The cryptocurrency faced challenges following its price peak of $793.8 on December 4 last year.

Despite the setback, BNB’s outlook remains bullish on the macro scale. Investors are now shifting their focus towards coins with more defined upward trajectories, presenting options like the new memecoin PEPETO, which is poised for 500x gains in the coming months.

BNB Price Analysis: Key Resistance Levels in Sight

On the daily chart, BNB’s price encountered resistance at the 23.6% Fibonacci retracement level, limiting its ability to climb further. The price briefly dipped below this level on January 22, reaching $680, but has since attempted to stabilize at $685.

Relative Strength Index (RSI) is currently sitting at 43, just below the neutral zone. A breakout above $710 could attract additional buyers and potentially lead to a stronger recovery. However, if the price falls below $675, further declines toward $660 are likely.

Despite these short-term challenges, predictions for BNB remain optimistic in the long term. According to Coincodex, Binance Coin is projected to rise by 18.52%, reaching $812.52 by February 2025.

PEPETO Gains Momentum, Nears $4 Million Presale Milestone

In stark contrast to BNB’s price fluctuations, PEPETO, a fast-rising meme-based cryptocurrency, is making waves in the market. Dubbed “The God of Frogs,” PEPETO has captured attention with its unique blend of meme appeal and functional innovations.

Its ongoing presale has already raised $3.8 million in USDT, with expectations to surpass the $4 million mark soon.

A key feature driving PEPETO’s popularity is its focus on solving cross-chain transaction challenges through the PEPETO Bridge. Utilizing a lock-and-mint mechanism, the bridge allows users to seamlessly and securely transfer assets between blockchains. This innovation has resonated with crypto enthusiasts seeking utility alongside meme-based investments.

The #PEPETO ecosystem also boasts PepetoSwap, a forthcoming exchange set to launch in the second quarter of 2025. Offering zero-fee trading and a corruption-free environment, PepetoSwap aims to differentiate itself from other meme tokens in the market.

The memecoin’s community-driven ethos has played a significant role in its growth, appealing to investors who value both functionality and a strong sense of “togetherness.”

PEPETO’s Tokenomics and Growth Potential

PEPETO’s tokenomics have been carefully designed to foster long-term growth and incentivize holders. Of the total token supply, 30% is reserved for staking rewards, encouraging investors to maintain their positions. Another 20% is allocated to branding initiatives, including influencer marketing and social media campaigns, while 7.5% is dedicated to ongoing product development.

To address concerns about token inflation, the project plans to mint 32 million tokens per block on the Ethereum network over the next two years. This controlled release strategy is aimed at maintaining market stability while supporting the token’s broader adoption.

As the project prepares to launch PepetoSwap and expand its ecosystem, #PEPETO continues to position itself as a unique player in the decentralized finance (DeFi) space. With its focus on utility, zero-fee trading, and community engagement, the token has captured the attention of both investors and crypto enthusiasts alike.

About Pepeto

#Pepeto is a cutting-edge cryptocurrency project blending the playful spirit of memecoins with a powerful utility-driven ecosystem. It features a zero-fee exchange, a cross-chain bridge for seamless swaps, and staking rewards designed to support the next generation of tokens.

Media links

X (Twitter): https://x.com/Pepetocoin

YouTube Channel: https://www.youtube.com/@Pepetocoin

Telegram Channel: https://t.me/pepeto_channel

Instagram: https://www.instagram.com/pepetocoin/

TikTok: https://www.tiktok.com/@pepetocoin

Contact Details

Contact: TokenWire Team

Email: contact@tokenwire.io