The post Pepe Price Prediction for July 2024- Gains Incoming This Month? appeared first on Coinpedia Fintech News
Meme coins have proven a lucrative investment vehicle in 2024, and those who invested in Pepe have generated even more outsized returns.
But with Pepe up almost 10x since the beginning of the year, is there room for more growth ahead? Find out in this Pepe price prediction.
Pepe Could Continue to Grow in July as Trading Volume Moons
We are over halfway through 2024, but Pepe’s bullish momentum shows no signs of slowing down.
Despite Bitcoin’s downturn in the past four months, Pepe has exuded impressive strength and continued its bullish rally.
Pepe catapulted more than threefold from its lows in mid-April to a new all-time high (ATH) in late May.
This is particularly impressive due to the broader market’s lackluster performance in the same period.
It also reflects a decoupling between the frog-themed meme coin and other cryptocurrencies, with investors happy to bet on Pepe even when market conditions are less favourable.
As such, Pepe’s future looks bright, and its current price could mark a lucrative buying opportunity.
It is currently trading at $0.00001075, down 37% from its high in May.
However, the tide looks to be turning, with prominent analyst Plazma underscoring that PEPE is holding above a crucial long-term support level.
According to the analyst, this is where Pepe will bounce and commence its journey toward a new ATH, which he predicts will occur next week.
Meanwhile, Brian Garrett highlighted Pepe’s thriving market interest and anticipated that a big repricing would follow.
Currently, Pepe has a $554 million 24-hour trading volume.
This makes it the most-traded meme coin and the 12th most-traded cryptocurrency, despite it being the third-largest meme coin and 23rd-largest cryptocurrency by market cap.
Based on this volume-to-market cap discrepancy, there’s a good chance that Pepe’s price will increase in July.
While it remains to be seen how far Pepe can go, all signs point to a decisive recovery from its recent pullback, potentially propelling it to its $0.00001718 ATH and beyond.
But while Pepe’s outlook is bullish, the latest member of the “Pepe bloodline,” Pepe Unchained, is also making a splash. Let’s take a closer look.
Pepe Unchained Presale Explodes Past $2M in 2 Weeks – Next Meme Coin to 100X?
Investors are going all in on the Pepe Unchained presale. But that’s for good reason because this is no ordinary meme coin.
It’s the first Pepe-themed project to have its own Ethereum layer 2 blockchain.
Pepe Unchained will be faster and cheaper than Ethereum while retaining its decentralization and security.
And with meme culture at its core, the presale is a no-brainer for meme coin fans.
But if that wasn’t enough, the developers are also building a block explorer that promises transparency and openness on the network.
There are also massive staking rewards on Pepe Unchained.
Currently, they’re valued at 912% APY, but this figure will decrease as more tokens are staked.
While retaining the viral allure of its cousin token Pepe coin, Pepe Unchained leapfrogs over it in real-world utility.
It’s the best of both worlds, and investors are stoked.
The project’s presale is ongoing, so market participants can buy in at its base discounted rate.
It has raised a whopping over $2 million so far and is currently priced at $0.0082267.
However, this price will rise as the presale advances, and the next increase will occur in one day.