Pepe Price Jumps 18% As This $38M Meme Coin ICO Heats Up!

December 31, 2024

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The Pepe price skyrocketed 18% in the last 24 hours to trade at $0.00002112 as of 9:15 a.m. EST on trading volume that soared 179% to $3.79 billion.

The Pepe surge started about nine hours prior to the time of writing with a small increase from $0.000018 to $0.000019. However, the third-largest meme coin by market cap quickly overcame this resistance as the last day of the year continued to unfold.

Less than three hours after the original surge, PEPE hit another resistance at $0.000020, which proved a bit more difficult to breach, but the token kept trading sideways for the next few hours, until it eventually rose above it to the next barrier at $0.000021.

While this resistance has yet to officially break, the token has been trading slightly above it for the past hour. What’s more, its surge managed to push the token to trade in the green on the 7-day time frame as well, marking a 12% weekly surge.

Pepe Price Prediction

The Pepe price is seeing a sharp surge which has been going on for hours at this point, and is showing no signs of stopping.

The project’s Bollinger Bands have seen a sharp widening when the price first started rising, suggesting a sharp surge in trader interest and activity. The price pushed the upper band higher than at any point in the last week, and while it would suffer a small rejection from time to time, it never dropped below the middle line between the two bands since the surge started.

Instead, it would sometimes move beyond the border of the upper band, suggesting that the traders have been exerting strong pressure on the meme coin’s price.

This is also reflected in the project’s Relative Strength Index (RSI) value, which saw a sharp surge to the overbought zone when it previously sat below the neutral value of 50.

The RSI delved deep into the overbought zone several times since the surge kicked off, even going to the value of 80 several times. Meanwhile, even when traders moved in to take profit, the RSI would only drop slightly below the overbought zone before returning back to above 70.

This indicates that traders moved in to buy the dip as soon as there was an opportunity, showing extremely bullish sentiment as the end of the year approaches.

Of course, such a sharp and sudden surge will likely result in a correction once the hype cools, but for now, PEPE is performing extremely well, and is on its way to the price levels from before the crash seen nearly two weeks ago.

Promising Alternative To Pepe

While the PEPE price is surging, many believe that the token has already reached its peak for the time being. Instead, they are massively buying the newest Pepe alternative, Wall Street Pepe (WEPE).

WEPE is a new meme coin that launched its ICO in early December, and since then, it has become the fastest-growing presale of the year. In less than a month, it raised over $38.5 million, riding on the success of Pepe Unchained, which previously held the title of the largest ICO of the year prior to Wall Street Pepe.

The project intends to create an insider group for retail traders. The idea came from the project’s distaste for how crypto whales stick to their own insider groups where they have access to the best tools, strategies, and investment suggestions, none of which are shared with the “little guy,” or an average retail investor.

To combat whales’ dominance in the crypto market, WEPE started its own insider group where you can get access to the best signals, alpha trade calls, successful strategies, and many other useful features that could revolutionize the way retail investors and traders interact with the crypto market. All you need to do to become a member of the growing WEPE Army is buy some WEPE tokens, and the best time to do so is right now, while the project is still in ICO.

Presale’s flowing. Candles are growing. $WEPE ain’t slowing. 🐸 ⚔️ pic.twitter.com/vqHonzkn1v
— Wall Street Pepe (@WEPEToken) December 30, 2024

Given the massive demand that WEPE has seen, many believe that its price will skyrocket once its presale comes to an end and the token goes live. Similar predictions were made by major crypto experts, including ClayBro — a YouTuber with over 134k subscribers, who said in a recent video that WEPE has at least 10x potential.