PEPE price continues to fall – trend reversal could soon be imminent

The price of PEPE has been in free fall for some time now. After an impressive rally in the first two quarters of this year, the coin has now dropped significantly. But despite the ongoing downtrend, there are signs that a turnaround could be imminent.

PEPE on correction course – the price has already fallen so low

The crypto market is currently going through another difficult phase, and meme coins are not spared either. The market capitalization of these cryptocurrencies has fallen from a high of around $70 billion this year to under $40 billion. Even established meme coins like Dogecoin and Shiba Inu have suffered double-digit losses in the last month.

However, the third largest of all meme coins, PEPE, has been hit particularly hard. Its market capitalization has now shrunk to just $3.15 billion, dropping it to 25th place among cryptocurrencies by market capitalization. In the last 24 hours alone, PEPE lost more than 3% of its value and is currently trading at just $0.0000075. Last week’s development was still negative for PEPE, with a loss of value of almost 20%, and in the last month the devaluation was even almost 30%.

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Although PEPE’s trading volume remains relatively high at over $280 million in the last 24 hours, this could be mainly due to strong selling pressure as many investors are currently parting with their PEPE coins. The coin had experienced extremely positive performance in the first two quarters of this year, catapulting it to a new all-time high. The price rose from an initial price of around $0.000001 to a new high of $0.000018, which corresponds to a price increase of around 1800%. Since this high, however, the price has fallen again by over 50%, and many investors seem skeptical whether this negative trend can be stopped soon.

Is an imminent turnaround now realistic?

Of course, to judge whether PEPE’s negative trend could soon turn positive, one would need a crystal ball to be sure. Nevertheless, a look at the chart on a higher time frame can already provide valuable clues. Comparing the successive lower lows, the downtrend has recently slowed down, which could indicate that the current support level at $0.0000075 is an important support zone. From this zone, PEPE could experience a trend reversal in the coming weeks and months and rise above the $0.00001 mark again.

Only when this succeeds and the last highs are exceeded by a higher high can one speak of a real trend reversal. If this is the case, it would be quite conceivable that PEPE will experience a significant upward movement by the end of the year as part of a renewed meme coin rally.

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However, if the support at $0.0000075 is not met, the downward trend will most likely continue in the coming weeks, which could result in further devaluation down to $0.000005. If the price also falls below this last important support zone, it would be questionable whether PEPE can even experience a recovery this year or whether the coin will slowly drift into insignificance.

Given this very uncertain situation, more and more investors are doubting the sustainable value of PEPE and are turning their attention to competing coins such as the PEPU coin, which belongs to the new crypto project Pepe Unchained. The project aims to improve the weaknesses of PEPE and build on the previous success of this meme coin.

PEPU now represents an attractive investment alternative

Pepe Unchained is also a new and promising meme coin project that has attracted a lot of interest in the crypto community in a very short time and has already raised over $11 million in funding during its pre-sales. The impressive result shows that PEPU is seen by many investors as an attractive investment opportunity.

The project aims to develop a Layer 2 solution on the Ethereum blockchain that offers faster transactions, lower fees and staking rewards. These are key advantages that make PEPU an interesting alternative in the current crypto market. The PreSale offers early investors the chance to purchase the native PEPU token at a current price of $0.0094226 per unit. Since the PreSale runs in several phases with increasing prices, early buyers benefit from cheaper entry prices. Investors can participate in the PreSale with ETH, USDT, BNB or even a credit/debit card, with a crypto wallet such as MetaMask required.

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According to the Pepe Unchained whitepaper, the developers have reserved 20% of the total supply of 8 billion PEPU for the pre-sale. In addition, another 10% share has been set aside for initial liquidity on decentralized exchanges. Although the exact date for the completion of the pre-sale has not yet been determined, the team plans to list PEPU on a DEX immediately afterward.

As mentioned, a unique feature of the project is the development of a new layer-2 network called “Pepe Chain” specifically aimed at meme coin creators and traders. The network is designed to outperform Ethereum by offering faster speeds, lower fees, and improved transaction capacity, while remaining fully compatible with the Ethereum ecosystem. In addition, the Pepe Chain integrates PEPU’s staking protocol, which allows users who lock their tokens to earn passive yields. Staking rewards will be paid out over two years and can be claimed once PEPU is listed on exchanges.

Interested investors can follow the latest Pepe Unchained announcements via the official Telegram channel to stay up to date. Given the ambitious plans and the successes already achieved, PEPU represents a promising investment alternative that could soon surpass PEPE in terms of returns.

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