Pepe Price Drops 24%, But This Rival PEPE ICO Nears $35M

Join Our Telegram channel to stay up to date on breaking news coverage

The Pepe price has slumped 24% in the past week, even after climbing 2% in the last 24 hours, to trade at $0.00001793 as of 3.45 a.m. EST on trading volume that dropped 11% to $2.4 billion.

Pepe Price Prediction

While the Pepe price seems to be quite volatile at the moment, a lot of meme coin traders and investors are interested in knowing where it might go from here.

The project’s Bollinger bands have started narrowing over the past few hours, indicating that trader uncertainty is growing, although this could easily change if the Bitcoin price starts leading the recovery. Meanwhile, the token’s price continues to go up and down from one band to the other, occasionally taking a pause in the middle area between the two lines, but usually not for very long.

Pepe’s Relative Strength Index (RSI) value is showing the same kind of performance, mostly fluctuating throughout the neutral area, approaching both overbought and oversold zone, but never fully reaching them.

For the most part, its fluctuations went from 40 to 65 and back, never dropping down to 30 or surging to 70. This shows that traders are not willing to push the price in either direction, and are just reacting to its sharp changes, buying after a minor drop, and selling as soon as it starts recovering.

After the major decline that took place last week, this uncertainty doesn’t come as a surprise, but the lack of will to take risks has caused the price to be volatile and move constantly, often changing directions.

What’s more, this has been going on for almost two full days now, and many in the industry believe that the price will have to break out soon. With that said, PEPE has seemingly found a bottom at $0.000015 last Friday, so if its price does make a sudden move, many believe that it will be as part of a recovery.

Promising Alternative To Pepe

While Pepe is currently struggling amid a broad market downturn, its newest PEPE-themed rival, Wall Street Pepe (WEPE), is going from strength to strength.

The project has already raised more than $34.84 million in less than three weeks and is the fastest-growing presale of the year and already among its most successful.

The project became popular immediately due to a variety of factors, such as the fact that its price is fixed apart from scheduled increases that happen whenever its ICO enters a new stage. Then, there was the success of the previous Pepe ICO, Pepe Unchained, which became one of the largest crypto ICOs in history, raising $74 million and reaching its hard cap.

And finally, there is also the fact that WEPE is an extremely community-oriented project, seeking to create an insider group for its token holders and help them see greater profits from crypto by sharing trading strategies, price indicators, meme coin suggestions, and more.

The project claims that it always hated how whales stick to similar insider groups that benefit them, but they never share useful assets and knowledge with the retail trader collective. Now, it offers something similar to “the little guy,” and the only thing you need to do to become a part of it is buy its token, which currently sells for only $0.0003654.

Crypto YouTuber ClayBro, who has over 134k subscribers, recently predicted that WEPE could have at least 15x potential, also noticing that its ICO is making money despite Shiba Inu and other meme coins seeing major price drops.