Pepe Coin Price Prediction as PEPE Rockets Up 1,000,000% in 5 Days – Best New Meme Coin?
Pepe Coin, a new meme cryptocurrency based on the Pepe the Frog meme, has risen by over 270% in the past 24 hours, representing a 1,000,000% gain since its launch on Sunday. Despite little known about the coin and no real fundamentals beyond its virality, traders are buying into the token. However, as other meme tokens offer actual utility and value, the coin may fall as quickly as it has risen. While the coin’s chart may have peaked for now, its support level has been rising steadily since its launch, indicating positive continued consolidation around ever-higher bands. With a total maximum supply of 420 trillion, the token accounts for trading volume of just over $86 million on Uniswap. Even though considerable interest in the token exists, risks of a potential rugpull remain, suggesting the most significant risk in investing in the meme token. Other meme tokens, such as Love Hate Inu (LHINU) and Tamadoge (TAMA), offer more robust fundamentals, including presale launches and play-to-earn metaverse platforms.
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