Pepe Price Prediction: PEPE Plummets 11% As Experts Say Consider This P2E Dogecoin Derivative For 10X Gains

The
Pepe
price


plunged

more
than
11%
over
the
past
24
hours
to
trade
at
$0.00001055
as
of
12:00
a.m.
EST
as
investors
dump
their
holdings
in
the
meme
coin.

The
PEPE
price
is
down
over
9%
on
the
weekly
timeframe,
but
remains
in
the
green
over
a
month
with
a
4%
gain.

The
Pepe
Price
Approaching
Crucial
Support

4-hour
chart
for
PEPE/USD
(Source:


GeckoTerminal)

The


Pepe

price
is
approaching
the
key
support
at
$0.00000941.
Should
it
break
below
this
technical
crutch
in
the
next
24
hours,
it
could
be
exposed
to
the
risk
of
dropping
further
in
the
short
term.
In
this
scenario,
PEPE
might
drop
to
as
low
as
$0.00000738.

On
the
other
hand,
this
bearish
thesis
could
be
invalidated
if
the


meme
coin

is
able
to
maintain
a
position
above
the
$0.00000941
support
for
the
next
24
hours.
Traders
might
also
look
to
enter
into
a
long
position
for
PEPE
if
the
crypto
does
not
breach
this
support.

The
potential
buy
volume
could
then
push
the
Pepe
price
to
the
next
major
resistance
level
at
$0.00001282
in
the
following
couple
of
days.
In
an
extremely
bullish
scenario,
PEPE
might
soar
to
the
$0.00001497
threshold.

The
Pepe
Price
Might
Continue
To
Fall
As
Technicals
Flash
Bearish

Technical
indicators
on
PEPE’s
4-hour
chart
suggest
the
meme
coin’s
price
might
drop
in
the
next
24
hours.
More
specifically,
the
Moving
Average
Convergence
Divergence
(MACD)
and
the
Relative
Strength
Index
(RSI)
indicators
are
showing
bearish
signs.

Over
the
past
24
hours,
the
RSI
fell
below
50.
This
suggests
that
sellers
have
gained
the
upper
hand
against
buyers,
and
the
prior
might
look
to
pull
the
Pepe
price
down
in
the
short
term
as
a
result.
What’s
more,
the
RSI
is
negatively
sloped,
which
could
be
a
sign
of
bears
growing
stronger.

Meanwhile,
the
MACD
line
also
crossed
below
the
MACD
Signal
line.
Traders
usually
see
this
as
an
indication
that
a
crypto
has
entered
into
a
negative
cycle.
With
the
growing
gap
between
the
two
lines,
it
seems
that
the
bearish
momentum
is
growing
stronger
as
well.

Should
these
technical
flags
be
validated,
the
Pepe
price
might
lose
the
$0.00000941
support
and
potentially
fall
to
the
subsequent
mark
at
$0.00000738.

With
PEPE
at
risk
of
potentially
dropping
even
more
in
the
next
24
hours,
investors
might
seek
shelter
from
market
turbulence
in
presale
meme
coins
that
are
not
yet
tradable
on
the
open
market.

PlayDoge
(PLAY),
a
Play-To-Earn
Dogecoin
derivative,
could
stand
to
benefit
given
its
already-successful
presale
and
its
clever
combination
of
the
growing
meme
coin
and
gaming
sectors.

A
Modern
Version
Of
A
90s
Gaming
Classic

PlayDoge
is
a
modern
remake
of
the
viral
Tamagotchi
game.
Through
blockchain
and
crypto
technology,
the
project
aims
to
reignite
the
popularity
around
these
digital
pets
that
saw
millions
of
units
sold
worldwide
in
the
90s. 

Unlike
the
initial
version
of
the
game,
PlayDoge
comes
with
a
tokenized
rewards
element
that
enables
more
interesting
gameplay
and
incentivizes
players
to
interact
with
their
digital
animals.

By
taking
care
of
their
pets
and
making
sure
they
get
enough
attention,
food
and
sleep,
players
are
rewarded
with
PLAY
tokens.
The
game
is
also
mobile-friendly,
so
players
can
interact
with
their
virtual
pets
on
the
go
to
potentially
earn
more
rewards.

PlayDoge’s
combination
of
the
rapidly-growing
blockchain
gaming
space
and
the
already-flourishing
meme
coin
sector
attracted
the
attention
of
renowned
crypto
YouTuber
Jacob
Bury.

He
concluded
that
the
meme
coin
has
the
potential
to
return
10x
gains
after
launch.

Investors
Bet
Big
On
PLAY

Investors
have
flocked
to
PLAY’s
ICO,
which
has
raised
over
$4.6
million
so
far. 

Beyond
its
speculative
potential
and
players’
ability
to
earn
rewards,
the
investor
frenzy
could
have
something
to
do
with
the
lucrative
staking
program
available
to
buyers
at
this
early
stage.

Anyone
who
purchases
PLAY
during
its
ICO
phase
can
lock
up
their
tokens
for
up
to
161%
in
annual
rewards.

The
PLAY
token
is
selling
for
$0.00509
and
can
be
bought
using
either
ETH,
USDT,
BNB
or
bank
card.
Investors
will
want
to
hurry
because
a
price
hike
is
coming
in
about
four
hours.

Purchase
and
stake
PLAY
here
for
up
to
161%
in
annual
rewards
before
its
price
increases.

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