Chinese meme coin PEIPEI recently declined after a month of rapid growth. However, some experts anticipate a resurgence as the market moves toward a bullish trend.
Analysts point to the current dip in PEIPEI’s price as a potential buying opportunity for those who missed the previous rally.
This article explores the price prediction for PEIPEI (ETH) and evaluates its potential to deliver 100x returns in the coming months.
PeiPei price prediction
PeiPei (PEIPEI) has dropped 10%, but the situation remains manageable despite the decline. The market nears a critical point, hovering around the $40 million market cap range, sparking concerns about whether it will return to a risky level.
Over the past week, the coin has lost 17%, though it remains up for the month. After surging from $40-50 million to a peak of $90 million, the gains have disappeared, and momentum has slowed. The current chart shows a potential head-and-shoulders pattern, but overall, market activity appears flat.
If the coin drops below $35-40 million, it faces a make-or-break moment. A key factor in its potential recovery is Bitcoin’s strong performance, with Bitcoin rising to $60,000. Bitcoin’s continued bullish momentum could positively influence PeiPei’s future.
Bitcoin’s price movements have historically impacted altcoins and meme tokens like PeiPei, and October is seeing heightened market activity driven by Bitcoin.
Additionally, the Chinese markets, particularly the Shanghai Composite Index, are performing well, which could have some influence on PeiPei. However, it remains uncertain whether this trend will significantly impact PeiPei’s trajectory.
PeiPei is at a pivotal moment, with a new support level forming that could determine its direction. If it breaks below this line and drops past the $30-35 million market cap range, a severe crash could follow. The situation looks risky, and the outcome may not be favorable if the market falters.
In addition, PeiPei AI, a new meme generator for the PEIPEI community, now allows users to create unlimited memes within Telegram, adding a creative touch to the project. These memes have become a unique and beloved feature of PeiPei among its supporters.
If you’re looking for investment opportunities that could offer big returns and increase in value during the next bull run, check out our guide here for the best crypto presales of 2024.
Best frog meme coin alternative: Pepe Unchained (PEPU)
Many PeiPei investors came from other meme coins like the popular green Pepe, hoping to see similar gains by moving their investments to PeiPei. Now, many meme coin fans are shifting their focus to Pepe Unchained, an emerging project.
Pepe Unchained stands out as a meme coin to watch. It has its own Layer-2 blockchain, Pepe Chain, which offers fast transactions and low fees, making it attractive to active traders. Unlike other Layer-2 blockchains like Arbitrum and Base, Pepe Chain is built specifically for meme coins, creating a space where they can grow.
This setup is expected to attract developers. Pepe Unchained’s network will also feature a custom DEX, a block explorer, and a quick bridge back to Ethereum. The team is also focused on expanding the ecosystem by launching a developer grants program.
And with that, Pepe Unchained reaches $18.5M raised.
The community is STRONG. The tech is STRONG. And we’re gaining new ground everyday. 💪 pic.twitter.com/kEzq8lVIge
— Pepe Unchained (@pepe_unchained) October 10, 2024
For those thinking about investing in Pepe Unchained, now might be the right time. The presale is live and has raised over $18.5 million from early investors. At the current price of $0.00996 per $PEPU, the project is drawing a lot of attention. But the presale price will increase in less than 2 days, so acting soon is key.
The project accepts various payment methods, including ETH, USDT, BNB, and credit/debit cards. A highlight of the presale is the option to stake $PEPU tokens right after purchasing, with an APY of 117%, though this number will decrease as more people stake their tokens.
Once the presale ends, token claims will open, and the DEX listing will follow soon. While details are still under wraps, the Pepe Unchained community is excited about the listing. With the typical Q4 crypto rally approaching, $PEPU could be ready for a big move. Everything seems to be aligning for Pepe Unchained to make a strong impact.
To participate in the $PEPU token presale, go to pepeunchained.com.
- Will PeiPei Hold Its Market Cap Above $60 Million? Why Are Investors Turning Their Heads Toward $PEPU Presale?
- Pepe Unchained Layer 2 ICO Soars Past $18 Million – Best Meme Coin to Invest In?
The post Could PeiPei Rebound From Downturn, or Should Investors Turn to This Layer 2 Frog Meme Coin ICO? appeared first on ReadWrite.
