Pepe coin has experienced a 4.5% decrease in price over the past 24 hours, dropping to $0.00001365 after hitting an all-time high of $0.00001526. Despite this recent dip, the meme coin is still up by 37% in a week and by 74% in a month. With an impressive 820% increase in a month, there is strong long-term momentum that could lead to another surge in the near future. The approval of ETH ETFs is expected to contribute to a more bullish market, potentially driving the Pepe price to a new all-time high soon.
However, it appears that Pepe coin is currently experiencing a lack of momentum as indicated by its relative strength index and moving averages. There is a possibility of a sustained correction lasting a week or so after reaching multiple record highs. Despite this, the token’s volumes remain high, with whales continuing to accumulate it. The market remains optimistic about the potential for Pepe’s price to recover and potentially set new all-time highs in the near future.
The recent approval of eight Ethereum ETFs by the SEC is expected to have a positive impact on the market as a whole. These ETFs are likely to launch next month, bringing new demand and volume to Ethereum and driving overall bullish sentiment. This is good news for Pepe, which has been favored by whales for over a year. With the upcoming influx of capital into the market, the Pepe price could rise even further in the coming weeks.
While Pepe may be at risk of correction after its recent highs, there are new meme coins entering the market that present opportunities for big returns. WienerAI is one such coin, an Ethereum-based cryptocurrency that has raised over $2.7 million in its presale. WienerAI stands out due to its AI-based trading bot that provides recommendations to traders and features such as atomic swap and MEV protection. These aspects make WAI a promising token with potential utility and demand, especially as it approaches its exchange listing after the current sale period.
Investors looking to diversify their portfolios and capture new opportunities in the crypto market may consider participating in WienerAI’s presale. With a max supply of 69 billion tokens, potential deflationary mechanisms, and staking opportunities for passive income, WAI offers a range of benefits for investors. As the project continues to develop and gain traction, the token’s value is expected to increase, making it an attractive investment option for those looking to capitalize on the growing meme coin market.
