The price of Pepe Coin (PEPE) has fallen to $0.00000158, representing a 6% loss in 24 hours and a 27% decline in a fortnight.
However, PEPE remains up by 550% in the last 30 days and by over 2,700% since CoinGecko began tracking it on April 18, easily making it one of the most successful of the current new wave of meme tokens.
Much of this growth has been caused by a series of exchange listings, with PEPE now on Binance, Huobi, Gate.io and OKX, among others.
And with more exchanges likely to list the token in the coming weeks, PEPE could see a few major rallies this year.
Pepe Coin Price Prediction as PEPE Still Leads Meme Coin Frenzy – Can PEPE Break Through $1?
PEPE’s chart is in a good position, in that it signals a bottom for its recent dips.
For one, PEPE’s relative strength index (purple) has just begun rising again after dropping in the past few days to 30, which indicates overselling.
Likewise, the meme token’s 30-day moving average (yellow) has dipped below its 200-day (blue), suggesting that a bottom may be close to arriving.
And despite PEPE’s recent losses, it’s encouraging to note that its support level (green) has begun rising again, something which also indicates that it may be about to recover.
Driving PEPE and any potential recovery are exchange listings, which have helped maintain the new meme token’s momentum.
A new major exchange listing would almost certainly help it rally again, with the PEPE ‘community’ recently trying to exert pressure on Coinbase to add the token to its platform, albeit with little success so far.
Assuming that Coinbase does eventually list PEPE (certainly not guaranteed), the cryptocurrency would possibly have its biggest rally yet.
On the other hand, this evident reliance on new exchange listings points to the possibility that PEPE really has nothing else going for it, and that it may run out of steam in the not-too distant future.
This is a real possibility, but the fact that PEPE has already gained so much traction suggests that it has real staying power, and that it could indeed end up like Dogecoin and Shiba Inu, meme tokens which have started to gain some degree of utility (e.g. DRC-20, Shibarium, SHIB: The Metaverse).
So if PEPE can maintain its recent momentum, and if it does attract a few more major exchange listings, its price could easily lose a few decimal places in the coming months.
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New Meme Tokens, New Rallies
Given the possibility that PEPE’s best days may already have been and gone, traders may prefer to look towards newer meme tokens, ones which haven’t yet experienced their biggest rallies.
One good example of this is SpongeBob (SPONGE), which is an Ethereum-based meme token that has enjoyed gains of well over 1,000% since listing directly on Uniswap on May 4.
As with PEPE, SPONGE has witnessed a series of new exchange listings in recent days, with Gate.io, Poloniex, MEXC, LBANK, CoinW and Toobit all adding pairs involving SPONGE.
And with over 13,000 holders and counting, it’s very likely that more exchanges will soon list the token, helping it to enjoy some of its biggest rallies to date.
Even newer than SPONGE, however, is Copium (COPIUM), another meme token that has listed directly to Uniswap, doing so on May 18.
Conceived around the idea of helping its holders cope with missed opportunities in the cryptocurrency market, COPIUM has a hard cap of one billion tokens and features a burn mechanism that will ultimately destroy 300 million COPIUM.
It has already gained by as much as 650% since listing on Uniswap a few days ago, and what’s most encouraging about the token is that it hasn’t received any major CEX listings yet, so its best rallies are certainly ahead of it.
The same can be said for AiDoge, an AI-powered meme-generating platform that is currently holding the presale for its $AI token, which has already raised more than $10.5 million since kicking off near the end of April.
AiDoge harnesses advanced AI algorithms and large datasets to generate memes, which can span a wide variety of topics and subject areas.
Its platform is designed to be as accessible as possible, with users needing simply to enter a short text-based description of the meme they want to generate.
They can also vote for created memes and earn rewards in $AI if their own memes are among the most popular, while $AI can also be utilised for staking.
This makes AiDoge one of the most promising presales in the cryptocurrency market right now, and along with COPIUM and SPONGE it could see some very big gains later in the year.
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