PEPE coin loses followers and faces uncertain future
Despite its third rank on DEXTools’ Hot Pairs List, PEPE coin is experiencing a decline in popularity, as evidenced by a decrease in its Twitter followers. The rising popularity of Dog-themed coins like SHIB, DOGE, and FLOKI INU is believed to be the cause of this shift. However, some followers believe in the positive fundamentals of PEPE, citing continuous growth in whale holdings and increasing support from key influencers. Negative aspects, such as stagnation in holder growth and declining trading volumes, raise concerns about diminishing interest. The CEO of PEPE Corp remains optimistic about the coin’s potential for growth.
PEPE coin’s price analysis signals a bearish trend
Looking at the 12-hour chart analysis of PEPE/USD, the meme coin is currently exhibiting a descending channel pattern. The price has already dipped below the initial support level and is approaching a critical support level. Technical indicators suggest bearish momentum, with the Stochastic Oscillator in the oversold region and negative MACD histograms. Traders and investors are advised to exercise caution and closely monitor the price before trading.
An alternative to PEPE: XRP20 offers promising returns
XRP20, a new ERC-20 token, aims to offer a distinctive prospect in the low-cap crypto realm. It is not affiliated with $XRP or Ripple Labs. XRP20’s ongoing presale allows early investors to acquire tokens at a significantly lower price compared to $XRP’s all-time low. The token’s total supply is strategically distributed to promote stability, and a burning mechanism is implemented to increase scarcity over time. XRP20’s roadmap includes plans for pre-launch marketing, burn activation, and launching on a decentralized exchange.
Hot Take:
While PEPE coin has experienced a decline in popularity, there are still supporters who believe in its potential for growth. However, the current price analysis suggests a bearish trend. XRP20 presents an alternative option with promising returns and a unique tokenomics model. Its ongoing presale has already attracted significant attention. The roadmap outlines strategies for price growth and community engagement. Both coins offer different opportunities for crypto investors to consider.
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