Dogecoin Price Prediction: Elon Musk Wins $258B DOGE Lawsuit As Layer-2 Meme Coin Pepe Unchained Raises Over $11M

The
Dogecoin
price
rose
by
a
fraction
of
a
percentage
in
the
last
24
hours

to
trade
at
$0.108

as
of
03:40
a.m.
EST
on
trading
volume
that
dropped
20%
to
$465
million.

DOGE’s
slight
uptick
comes
after
Elon
Musk
and
Tesla
Inc.

won
the
dismissal
of
a
lawsuit
that
claimed
they
pumped
the
price
of
the
Dogecoin
cryptocurrency
in
a
$258
billion
“pyramid
scheme.”

Investors
who
lost
big
chunks
of
money
faulted
Musk
for
promoting
the
token
to
his
millions
of
Twitter
followers
and
then
inflating
the
price
by
announcing
that
Tesla
would
accept
Dogecoin
as
payment
for
merchandise.

However,
a
New
York
federal
judge
dismissed
the
claims,
finding
Musk’s
statements
were
“aspirational”
rather
than
factual.

Dogecoin
Price
Gearing
Up
For
A
Bullish
Move

According
to
data
from

GeckoTerminal,
the
Dogecoin
price,
after
breaking
out
of
consolidation,
has
been
on
a
downtrend
from
$0.1145.
It
now
trades
within
a
falling
channel
pattern.

The
Relative
Strength
Index
(RSI)
seems
to
be
rebounding
from
the
30-oversold
region,
currently
at
40.
Traders
might
see
this
as
an
indication
that
investors
are
adding
to
their
positions.

Meanwhile,
the
Moving
Average
Convergence
Divergence
(MACD)
is
also
bullish,
as
the
MACD
line
rebounds
towards
the
neutral
line.
Moreover,
the
blue
MACD
line
is
crossing
above
the
orange
signal
line,
which
is
an
indication
that
the
price
of
Dogecoin
is
currently
in
a
positive
trend.

The
Dogecoin
price
analysis
shows
the
token
is
gearing
up
for
a
bullish
trend
reversal
over
the
falling
channel
pattern,
as
the
bulls
target
$0.1153.

However,
DOGE
still
trades
below
both
the
50
and
200
Simple
Moving
Averages
(SMAs)
on
the
4-hour
chart,
which
may
encourage
the
bears
to
push
DOGE
through
a
correction.
In
such
a
scenario,
$0.0946
acts
as
the
immediate
support
level.

As
the
Dogecoin
gets
ready
for
a
potential
rally,
investors
are
rushing
to
buy
the
new
meme
coin

Pepe
Unchained
(PEPU).

99Bitcoins,
a
prominent
crypto
channel
on
YouTube
with
more
than
706K
subscribers,
says
that
PEPU
could
soar
100X
after
its
launch.

Pepe
Unchained
Raises
Over
$11
Million–
Best
Crypto
To
Buy
Now?

PEPU
has
raised
over
$11
million
in
presale
funds,
and
it
appears
its
bid
to
become
the
top
Pepe
token
in
the
meme
coin
sector
is
not
stopping.

Pepe,
as
it
remains
chained
to
Ethereum,
is
constrained
by
layer-1
network’s
limitations.
At
times,
it
can
be
expensive
and
slow
to
transact
with.

Pepe
Unchained
is
set
to
be
the
superior
alternative
to
PEPE,
promising
lower
transaction
costs
and
faster
speeds
for
Pepe
holders.

From
its
name,
Pepe
Unchained
aims
to
free
Pepe,
a
prisoner
chained
to
his
old,
clunky
layer-1
server
room.
The
project
will
run
on
its
own
proprietary
Ethereum
layer-2
blockchain.

Its
new
proprietary
blockchain
will
also
serve
as
the
launchpad
for
future
meme
coins
and
other
tokens,
leveraging
the
same
cost-efficient
transactions
as
PEPU.

Who
needs
some
Brain
Powder?

Pepe
is
gearing
up
for
the
official
launch
of
his
very
own
blockchain!
????

pic.twitter.com/kZC72UmxFy

—
Pepe
Unchained
(@pepe_unchained)

June
20,
2024

Token
holders
can
also
earn
passively
through
the
platform’s
staking
system,
which
offers
an
annual
percentage
yield
(APY)
of
180%.

You
can
buy
PEPU
tokens
for
$0.0093851
each.
With
a
price
hike
coming
in
a
day,
this
is
a
good
time
to
buy
the
meme
coin
to
lock
in
the
best
deal.

Buy
PEPU
from
the
official
website
here
using
ETH,
USDT,
or
a
bank
card.

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