Drift Protocol Price Prediction: DRIFT Soars 63% In A Week, But Analysts Say This PEPE 2.0. Could Go Parabolic

The
Drift
price
surged
21%
in
the
last
24
hours
to
trade
at

$0.6948
as
of
3
a.m.
EST
on
trading
volume
that
skyrocketed
75%
to
$57.6
million.

DRIFT
has
soared
63%
in
the
past
week
and
108%
in
a
month,
driven
in
large
part
by
the
introduction
of
the
first
capital-efficient
prediction
market
called
BET,
which
went
live
on
DRIFT.

Introducing
BET:
The
First
Capital-Efficient
Prediction
Markets
on

@solana

Bet
bigger
on
the
future.
Hedge
on
a
unified
platform.
Earn
yield
from
your
positions.

pic.twitter.com/1dWcDRLrZL

—
BET
on
Drift
(@DriftProtocol)

August
19,
2024

BET
on
DRIFT
called
the
prediction
markets
the
next
frontier
for
the
DeFi
sector,
merging
trading
with
real-world
outcomes.
Other
than
that,
the
Coinbase
Wallet
also
introduced
Drift
to
its
community,
presenting
it
as
a
unified
platform
for
borrowing,
lending,
spot
trading,
prediction
markets,
and
more.

Onchain
Spotlight
????
Drift@DriftProtocol
is
the
home
to
onchain
trading
on
Solana.
Discover
a
unified
platform
for
borrowing
and
lending,
spot
trading,
prediction
markets,
and
more.https://t.co/uUokfUMel6

—
Coinbase
Wallet
????️
(@CoinbaseWallet)

September
12,
2024

DRIFT
Price
Prediction

The
DRIFT
price
boost
brought
the
token
to
the
resistance
at
$0.70,
but
traders
want
to
know
whether
it
will
be
able
to
breach
this
barrier,
or
if
its
price
will
be
rejected.
According
to
the
project’s
technical
indicators,
chances
are
good
that
DRIFT
will
go
beyond
the
$0.70
mark.

Its
Bollinger
bands
have
started
seeing
a
sharp
widening,
with
the
price
pushing
the
upper
band,
which
is
a
very
bullish
signal.
The
traders
remain
optimistic
and
are
willing
to
buy
even
at
the
token’s
current
value,
so
the
demand
continues
to
drive
that
value
further.

Meanwhile,
the
project’s
Relative
Strength
Index
(RSI)
value
has
been
climbing
from
the
neutral
zone
toward
the
overbought
area.
While
this
would
typically
be
a
bearish
signal
that
would
suggest
that
DRIFT
is
ready
for
a
correction,
there
is
actually
a
little
extra
room
for
growth
—
just
enough
for
DRIFT
to
go
past
the
$0.70
resistance,
and
perhaps
secure
a
new
support.

As
of
the
time
of
writing,
the
RSI
value
sits
at
64.62,
but
traders
who
use
this
technical
indicator
in
their
trading
decisions
will
likely
wait
for
it
to
hit
70,
or
perhaps
go
further
up
before
they
make
their
move.

Promising
Alternative
to
DRIFT

With
the
DRIFT
price
currently
unable
to
breach
the
$0.70
barrier,
many
assume
that
the
token
has
reached
its
limit,
and
that
it
might
be
too
late
to
buy
it
now.

Fortunately,
there
are
alternatives
that
have
yet
to
see
their
price
skyrocket
and
they
include
the
blockbuster
presale

Pepe
Unchained
(PEPU).

Pepe
Unchained
is
a
new
alternative
to
the
popular
Pepe
token
—
one
that
views
itself
as
a
more
advanced
version
than
the
original.

This
comes
from
the
fact
that

Pepe
Unchained
is
the
first,
and
currently
only
Pepe-inspired
meme
coin
to
have
its
own
blockchain.
It
was
created
on
a
Layer-2
chain
launched
on
top
of
Ethereum’s
network,
which
grants
it
numerous
advantages
over
the
original
Pepe,
as
well
as
other
Pepe-inspired
meme
coins.

The
old
Pepe
was
based
on
Ethereum’s
network,
where
it
still
runs
as
an
ERC-20
token,
and
as
such,
it
is
limited
by
Ethereum’s
technology.

While
the
ETH
chain
has
been
the
place
where
pretty
much
every
new
crypto
trend
and
technology
were
invented,
it
is
a
slow
chain,
with
high
transaction
fees
and
it
lacks
the
ability
to
scale.

These
problems
are
the
same
for
ETH
and
PEPE
alike,
but
as
a
project
with
its
own
chain,
PEPU
does
not
have
such
issues.

Lucky
number
13!
????
We’ve
hit
$13M!

pic.twitter.com/8M3vBNzdie

—
Pepe
Unchained
(@pepe_unchained)

September
12,
2024

Instead,
its
speed,
scalability,
and
low
cost
are
its
greatest
advantages
over
the
original
Pepe,
as
well
as
other
competitors.

Its
advantages
attracted
investors
and
allowed
the
PEPU
presale
to
raise
over
$13
million,
while
the
popular
crypto
YouTuber
ClayBro,
with
more
than
130k
subscribers,
recently
speculated
that
the
token
would
bring
huge
gains
upon
launch.

Right
now,
the
token
is
available
for
$0.009651
apiece,
and
it
can
be
bought
with
ETH,
USDT,
BNB,
or
credit/debit
cards.
Act
soon
if
you
are
interested
before
a
price
hike
in
about
5
hours.

Visit
PEPU
official
website.

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