Much attention has been paid to the past few trajectory of Pepe Coin ($PEPE), with numerous in the cryptocurrency community asking, “Is $PEPE dead?”
This question has arisen thanks to Pepe Coin’s remarkable downfall, which now sees the crypto token trading 65 percent lower than the record-breaking peak issued on May 5.
Simultaneously as $PEPE’s price slump, a new AI-powered project, yPredict, is causing a stir in the market – and has now raised a staggering $1.6 Million through its ongoing presale phase.
Pepe Coin’s Downward Spiral Stuns Meme Cryptocurrency Investors.
CoinGecko data shows that the $PEPE price is now hovering around the $0.0000014 level, starkly contrasting the heady heights of $0.00000431 in early May.
A vast sell-off has took place, with early investors seemingly excited to take profits and move on to the following meme cryptocurrency project.
This has left numerous “holding the bag” and hoping for a return that looks unlikely.
According to GeckoTerminal, sell transactions outnumber buy transactions for $PEPE on Uniswap in the past 24 hours, while Etherscan.io data outlines a stagnant number of unique wallet addresses holding $PEPE tokens
These metrics underscore the dramatic decline of $PEPE – a decline that persists to be relentless.
$PEPE Price Outlook Remains Bearish as Investors Flock to New Projects
The $PEPE price chart signifies a downward tendency, with momentum remaining low.
Price has rejected the resistance level at $0.0000021 twice in the recent weeks, then likewise created a minor resistance region at $0.0000018, formed on May 20.
The primary level of support at $0.0000010 can potentially provide some hope for a positive tendency comeback, but price would must decrease by another 32 percent to reach this level.
Adding more fuel to the fire, $PEPE has just crossed below the 20-day Exponential Moving Average (EMA). This EMA is frequently used as a proxy for the short-term tendency – so the fact that $PEPE is now below it is a bearish signal.
The Moving Average Intersection Divergence (MACD) further aligns with the bearish forecast, with both the fast and slow lines situated well below 0 – indicating that selling pressure remains dominant.
In general, the bleak price chart and bearish indicators suggest a challenging outlook for $PEPE holders in the weeks ahead.
yPredict Raises $1.6 Million and Prepares to Revolutionize Cryptocurrency Analytics with AI
Despite the fact that the Pepe Coin price remains volatile, new players are constantly emerging, offering opportunities for crypto-savvy investors.
1 of the most talked-about projects in this regard is yPredict ($YPRED) – a promising cryptocurrency analytics platform that has now raised over $1.6 Million through its successful presale phase.
The past few volatility displayed by the meme cryptocurrency frenzy has left traders seeking reliable ways to navigate precarious market conditions. Enter yPredict.
This blockchain-based platform leverages artificial intelligence (AI) and machine learning (ML) to provide data-driven insights for beginner and advanced traders. In doing so, the yPredict platform gives traders the “edge” they must to make better financing decisions.
Per yPredict’s whitepaper, the platform will feature numerous tools to assist with this. These include real-time AI-powered trading indicates, sentiment analytics on all trending cryptocurrencies, advanced indicators for optimal trading strategies, and even automatic chart pattern recognition.
In addition of that, yPredict will likewise feature an innovative marketplace where AI/ML specialists can offer their predictive models to retail traders through a subscription service – with subscription charges paid in $YPRED, the project’s native token.
$YPRED will serve as the heartbeat of the yPredict platform, with numerous use cases, including staking and governance.
The total supply of $YPRED crypto tokens is 100,000,000, with 80 percent (80,000,000) reserved for presale investors, putting most of them in community hands.
These elements have created a substantial buzz around yPredict, with over 20,000 users on the project’s waiting list. Furthermore, there are now 30,000+ people in the official Telegram community, indicating the solid backing the project has.
With yPredict’s presale still offering crypto tokens at a discount relative to the planned exchange listing price, investors have a limited-time opportunity to secure a stake in this promising project before its official launch.
