The Pepe Price Surge
The Pepe price increased by 5% to trade at $0.0000009623, with trading volume going up by 21% to $80 million.
Inspired by the early 2000s internet meme Pepe the Frog, Pepe aimed to capitalize on the popularity of meme coins like Dogecoin and Shiba Inu. And it surged by more than 7,000% to become the king of meme coins for a long time.
Pepe Facing Tough Competition
After the surge of a new meme coin on the Solana blockchain, $SMOG, it operated as a new challenger. With an upcoming airdrop, it presents itself as a formidable competitor, potentially overshadowing Pepe’s success.
Bullish Reversal
Pepe’s price signals a bullish trend reversal, forming a falling wedge pattern, which traders see as a signal for a bullish trend reversal.
The support level for Pepe at $0.00000060 established a base for positive momentum.
Pepe Price Prediction
Investors are optimistic about the formation of the falling wedge pattern, anticipating a bullish trend reversal. With support from the RSI, the bulls may drive the price higher, targeting $0.000002857 and aiming to surpass the previous high at $0.00000192.
SMOG Gaining Prominence
The SMOG token, a newcomer to the Solana blockchain meme coin scene, is gaining traction and reaching unprecedented heights. Analysts are hailing it as the next big thing among Solana meme tokens.
Buy $SMOG To Receive Airdrop
The SMOG Token boasts a unique tokenomics structure, with marketing, an airdrop campaign, and liquidity all baked in.
$SMOG has already built a strong community. Holders of $SMOG can be eligible for a portion of the campaign’s community bounty.
Hot Take
Pepe’s dominance is under serious threat with the arrival of SMOG, which is gaining significant momentum. It remains to be seen how the competition between these two meme coins will play out in the coming days.
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