The Pepe price has experienced a 4.5% drop in the past 24 hours, falling to $0.00001365 after hitting an all-time high of $0.00001526 the day before. Despite this decline, the meme coin has shown strong performance, with a 37% increase in a week and a 74% increase in a month, making it the best-performing top-100 token during these periods. Additionally, Pepe has seen an impressive 820% increase in a month, indicating significant long-term momentum that is likely to lead to further gains in the near future. With the approval of ETH ETFs boosting market sentiment, the Pepe price could soon surpass its previous all-time high.
While Pepe has shown strong performance recently, its current indicators suggest a potential correction. The relative strength index has dropped from 70 to nearly 40, signaling a loss of momentum. The 30-day average has also started to decline after surpassing the 200-day average, indicating a possible sustained correction in the coming days. However, despite these indicators, Pepe’s high trading volumes and continued whale accumulation suggest that the price could recover soon and potentially reach new highs. The approval of Ethereum ETFs is expected to bring new demand and volume to the market, benefiting Pepe as an Ethereum-based token.
The approval of eight Ethereum ETFs by the SEC is a bullish development for the meme token market and the wider cryptocurrency market. These ETFs are set to launch next month, bringing increased demand and volume to Ethereum and potentially boosting overall market optimism. As Pepe is an Ethereum-based token and has attracted whale interest for an extended period, it is likely to benefit from the positive market sentiment generated by the ETH ETF approval. This could result in the Pepe price rising to $0.0000150 in the near term and hitting $0.000020 by the fourth quarter of the year.
In light of the possibility of a correction in the Pepe price following its recent highs, diversification into new meme coins may offer opportunities for big returns. Several new meme coins are entering the market, some of which are holding presales and gaining significant momentum. One such coin is WienerAI (WAI), an Ethereum-based cryptocurrency that has raised over $2.7 million in its presale. WienerAI stands out for its AI-based trading bot that provides trading recommendations and features like atomic swaps and MEV protection. With a max supply of 69 billion tokens and staking opportunities for passive income, WAI is positioned for growth in the market.
WienerAI’s unique features and potential utility as a native token make it an attractive investment opportunity for those seeking exposure to new meme coins. The coin’s presale is currently ongoing, with 1 WAI priced at $0.00071. The sale is expected to end in the coming weeks, after which WAI may experience price surges as it lists on exchanges. Investors interested in WienerAI can participate in the presale through the official website, potentially benefiting from the coin’s growth alongside the development of the WienerAI trading app. As with any investment in the crypto market, investors should exercise caution and be aware of the high-risk nature of the asset class.
