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Cryptocurrency News Articles
Pepe Price Prediction: Will $PEPE Recover, or Is More Downside Ahead?
Feb 01, 2025 at 05:25 pm
The price of Pepe ($PEPE) was last seen around $0.000013, up 15% since the Federal Reserve's less hawkish-than-expected policy announcement on Wednesday.
Pepe ($PEPE) price surged 15% on Thursday after the Federal Reserve announced a less hawkish-than-expected policy decision. However, $PEPE remains down over 10% this week, and technical indicators are suggesting further downside.
Pepe price today is $0.00001317, a 14.9% increase over the past 24 hours. Over the past seven days, $PEPE has seen a price跌幅 of 10.2%, and over the past 30 days, $PEPE is down 2.2%. The total trading volume in the past 24 hours is around $31 million, and the live market cap is around $5.4 billion. It is currently ranked 315śród wszystkich kryptowalut.
The price of Pepe ($PEPE) dropped sharply on Wednesday after a massive sell-off hit the cryptocurrency markets. The sell-off began early in the day and saw the price of Bitcoin (BTC) fall below $23,000. Other major cryptocurrencies, such as Ethereum (ETH) and XRP, also saw their prices decline significantly.
The sell-off appeared to be triggered by news that the U.S. Securities and Exchange Commission (SEC) is planning to crack down on cryptocurrency exchanges. The SEC is reportedly concerned that exchanges are not doing enough to protect investors from fraud and manipulation.
The sell-off had a particularly strong impact on meme coins, which are known for their high volatility. Several meme coins, including Dogecoin (DOGE) and Shiba Inu (SHIB), saw their prices drop by more than 20%.
$PEPE fell to a low of $0.000011 before recovering slightly later in the day. Despite the rebound, $PEPE remains below its 200-day moving average (200DMA), which is a key technical indicator of a bear market trend.
Unless bulls can push $PEPE back above $0.000019 to invalidate the descending channel, a drop below $0.000010 remains likely. Such a move could see $PEPE revisit its 2023 lows.
Pepe Price Prediction: Will $PEPE Continue to Drop, or Is a Rebound Coming?
Pepe ($PEPE) price movements have been sluggish in recent weeks, despite the broader crypto market rally. The meme coin is struggling to hold onto gains and could face further downside pressure.
After failing to reclaim its 200DMA, $PEPE now trades within a descending channel on the daily chart. Unless it can break out of the channel, a drop toward $0.000010 remains likely.
However, this decline may seem unlikely given the current pro-crypto sentiment. The Trump administration has taken office and is rolling back Biden-era crypto restrictions, boosting optimism in the sector.
While major assets like Bitcoin ($BTC) are positioned for stronger adoption, the meme coin market faces potential headwinds.
Trump’s own meme coin launch could further saturate the space, limiting gains for existing tokens. $PEPE’s market cap, last estimated at $5.5 billion per CoinMarketCap, also reduces its upside potential. Even in a bullish scenario, a 10x gain may be the best-case outcome.
Meanwhile, traders continue hunting for smaller-cap meme coins with higher growth potential. One new meme coin worth watching is Wall Street Pepe ($WEPE), which may offer substantial returns.
Wall Street Pepe Surges to $65M in Presale – Could It Outperform $PEPE?
Wall Street Pepe ($WEPE) is one of the most talked-about meme coin presales right now, having raised over $65 million with just 16 days still remaining. Investor interest remains strong, with an additional $2 million raised in just the last 48 hours.
Unlike many meme coins that rely solely on hype, Wall Street Pepe integrates real utility by offering exclusive market insights and trading signals. This unique approach has attracted retail investors looking to gain an edge over whales, helping $WEPE’s presale achieve rapid success.
In under two months, it has already raised 89% of what Pepe Unchained ($PEPU) took five months to achieve. At a presale price of $0.0003665, early investors are betting on major gains, especially if $WEPE secures a tier-1 exchange listing.
If demand remains steady, Wall Street Pepe could reach an $82 million valuation before launch, with heightened FOMO potentially pushing it past $100 million.
Meanwhile, $PEPE has struggled, dropping 10% this week and 37% since the start of the year. As traders look for fresh opportunities, $WEPE has emerged as a serious contender.
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