Pepe Coin (PEPE) has been trading in a tight range between $0.0000018 and $0.0000013 for 30 days, indicating low volatility in the market. Traders are eagerly awaiting a potential breakout that could surpass key resistance levels.
As a deflationary meme coin built on the Ethereum blockchain, PEPE follows a redistributive system that rewards long-term stakers, maintaining the token’s scarcity and no-tax policy.
Why Pepe Remains Range Bound
Pepe Coin, like other altcoins, lacks clear direction amid Bitcoin’s range-bound movement, and the overall crypto market is awaiting the SEC’s decision on Spot Bitcoin ETF filings, with experts believing that SEC approval could trigger a much-needed rally as other macro updates have already been priced in without affecting Bitcoin’s performance.
Rotation is on the horizon📉
🔶Why: Bitcoin has held its ground while altcoins have suffered. However, as the Altcoin Cycle Signal suggests, we are starting to see the first signals of altcoin movement.
🔷Conclusion: The market needs to have an impulse that helps transition… pic.twitter.com/tCOoW0gXqQ
— 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) July 12, 2023
Indeed, after news of the SEC recording BlackRock, Fidelity, BitWise, WidsomTree, VanEck, Invesco, ProShares, and Valkyrie broke, Bitcoin price breached the $31,000 mark before pulling back.
Pepe Coin Price Forecast As Crypto Markets Call For Impulse
PEPE’s current price stands at $0.0000015, showing a 2% decrease today, accompanied by a 10% drop in trading volume within the past 24 hours. With these signs and the lack of positive catalysts, it suggests that a market decline for Pepe Coin is likely.
The Relative Strength Index (RSI) at 48 indicates a favorable position for the bulls, but its flat movement suggests weakening momentum. Additionally, the Awesome Oscillator (AO) is in negative territory, indicating the bears’ dominance. Expect a decisive move soon.
Nevertheless, for the next move, investors should wait for confirmation that will come as a decisive daily candlestick close above the range’s upper or lower boundary.
Meanwhile, experts have identified three other tokens that present a better alternative to PEPE.
Three Promising Alternatives To PEPE
Experts have identified LPX, BTC 20, and Burn Kenny as the three most promising alternatives to PEPE. The following is a narrative of these projects, their offerings to investors, and how you can get in early.
LPX is the ticker for the Launchpad XYZ ecosystem, with the website touting it as “THE NEXT $PEPE.” The project provides all the tools requisite for succeeding in Web3. These include insights and learning infrastructure such as trading alpha, analytics, and other strategies.
The Launchpad XYZ ecosystem provides all the training needed to become a successful trader. While doing so, it empowers every Web3 user in the LPX community, regardless of their experience level, to maximize their profit potential.
The project is in the presale stage, with over $1.173 million raised so far. The LPX token costs $0.0445 but will increase to $0.046 in the next stage.
🔥💰 $1 Million Raised 🔥💰
A massive thanks to everyone that’s supported us in the #Presale so far!
Some of you are already making money from our signals Telegram – You’re all smashing it ‼️
— Launchpad.xyz (@launchpadlpx) June 20, 2023
The LPX token is available for purchase in presale, where you enjoy early entrant discounts. This is the best time for willing investors to buy LPX before it lists on public exchanges. Upon listing, the token will retail for $0.0565. You have multiple options for purchase, including using Ethereum (ETH), Binance Coin (BNB), Tether (USDT), or a bank card, whichever works best for you.
Another promising alternative to PEPE is BTC20, a green ERC-20 version of Bitcoin (BTC). The project aims to give investors a chance to own a version of Bitcoin that is more versatile at a low price of just $1.
The project starts with a maximum of 6.05 million tokens in circulation and a maximum of $6.05 million market cap.
⚡️ $BTC20: Embracing Scarcity, Inspired by #Bitcoin! 💫
🔒 Boasting a #Token supply of 21 million, $BTC20 shares the scarcity-driven essence💰
— BTC20 (@BTC20Token) July 21, 2023
Like LPX, this token is also built atop the Ethereum blockchain. In conformity with the original Bitcoin block rewards schedule, a verified staking contract will release BTC20 tokens.
The project offers participants a chance to stake BTC20 and earn a percentage of these rewards through a new Proof-of-Stake (PoS) mechanism.
The website also touts BTC20 as an easier use compared to BTC because Ethereum’s smart contract functionality and versatility have made it a more popular blockchain than Bitcoin.
KENNY is another promising choice, the native token for the Burn Kenny ecosystem and one of the most irreverent cryptos of all time. The token is hilariously volatile, with the website shouting:
Every time you hear, “Oh my God! They burned Kenny!” don’t just laugh, do a victory dance because it means we’ve burned some more Burn Kenny tokens!
The project offers a generous 40% of the total token supply for pre-launch investors. It is a humor-filled, super deflationary meme token drawing inspiration from the popular South Park character, Kenny McCormick. The project has raised $384K in the current presale out of the $500K target set. The toke is auctioning for $0.0001875.
Just hit 350k out of 500. That’s 70% filled 🔥.
🔥🔥Still have a chance but closing fast!🔥🔥
When $Kenny sells out on #Presale the only way to get in is via secondary market. #Presalebuyers know whats up! #PreSaleLive #Ethereum #ETH #memecoin #Crypto #cryptocurrency pic.twitter.com/u4EVfIHBzH
— Burn Kenny (@BurnKennyCoin) July 21, 2023
To buy KENNY tokens, connect your wallet to your preferred decentralized exchange (DEX), then swap your cryptocurrency for $KENNY.
Needless to say, conducting your own research and making investment choices from an informed point of view is imperative.
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