Pepe Coin price is in correction mode, after a steep dip over the weekend knocked PEPE tokens down on crypto exchanges from support at the $0.000015 level to as low as $0.00001228 before bouncing back up to support around the $0.0000125 level.
But after a stunning 55% rally (higher before the price correction Friday) for the 30-day period, and an absolutely unbelievable 1,080% 12-month gain for PEPE prices on crypto exchanges, what altcoin traders want to know is when will the Pepe Coin price rally higher again?
Pop Quiz: What Makes Meme Coins Launch?
Real quick first though: Investors who missed out on Pepe, Bonk, Shiba Inu and all the other massive blue chip meme coins with multi-billion dollar global liquidity pools are still looking for that next altcoin gem and veteran altcoin traders are hankering for their next big hit of high DeFi ROIs (return on income) from another upstart with a new direction to take the meme world in.
Although there’s something of an art and science to picking out the winners among all the different offerings– the really big winners that go on to change the blockchain industry with important contributions to the technology, community, and culture— are all the same.
Well at least they look the same: They start out as an initial exchange offering, token airdrop, or pre-sale event– like Kai Cat Coin ($KAI), an AI-optimized kitty-themed Ethereum meme currency available at a guaranteed low pre-market price– and some have the community, capital, and meme magic it takes to go the distance and make a real digital economy online.
So where will Pepe Coin price go next after the recent rally head-off the first week in June?
Pepe Coin Price Rally Ahead In June?
According to the CoinDCX blog, Pepe Coin investors are looking for that next 20% price rise after a number of similar increases over its first year in existence as a currency.
They have a bullish price prediction for PEPE July 2024:
“With the beginning of the second half of the year, traders may grow increasingly optimistic as the markets demonstrate strong bullish momentum, aiming for new highs. This could result in an initial surge above $0.0000178, followed by continued progress toward new peaks. Traders’ confidence might peak, potentially pushing the price close to $0.000018.”
Meanwhile, renowned crypto analysis firm CoinCodex, recently predicted PEPE price “is likely to hit a new ATH of $0.00001935 this weekend,” according to a report by Watcher Guru. “The current sentiment surrounding PEPE is overwhelmingly bullish, as indicated by various technical indicators,” Guru added. “The surge is primarily due to the rise in the overall market mood.”
There’s no telling for certain until markets have moved whether Pepe price will rally 20% again in June after correcting from all time high prices. But if it follows the current macro-market super-cycle trend and its previous performance, it will happen again in 2024.
In the meantime, investors looking for a new meme coin that could change the game– building on Pepe’s brilliant marketing that the doge days are over— may want to take a look at Kat Cat Coin (KAI) with their Metamask Wallet handy.
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