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Pepe Coin rises 20% this week, sparking interest as leading memecoin
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Pepe coin rises 20%, gaining momentum as analysts predict further gains, while Dogeverse raises $13 million in its pre-sale, highlighting its potential.
The memecoin showdown intensifies and Pepe is vying for leader status as it surges 20% this week. Will its rise continue and will it be the best memecoin to buy now?
Pepe Price Shows Relative Strength, Analysts Predict Gains
Pepe’s recent run shows no signs of slowing down and analysts are rallying support. The frog-themed meme coin continues to gain traction today despite a broader market crash. It increased by 6.2%, while the total crypto market capitalization fell by 0.8%.
Pepe is currently trading at $0.000008422. That represents a 24% premium this week and a 9% premium this month. It holds a market cap of $3.5 billion and a 24-hour trading volume of $755 million, up 25% today.
The project’s market capitalization makes it the third largest meme coin and the 30th largest cryptocurrency. Meanwhile, its trading volume places it in 14th position.
Its price remains 21% lower than its March ATH, but traders are optimistic about a quick recovery. “PEPE is easily the best-looking altcoin chart right now. Looks ready to hit new all-time highs,” he wrote analyst Jameson on X recently.
Similarly, Max Schwartzman, CEO of the media outlet Why Bitcoin, recently compared Pepe to Dogecoin. He anticipates that both cryptocurrencies will perform well, but that Pepe is in “price discovery” against Dogecoin, which paves the way for exponential growth.
Max said: “Doge looks really strong here. This is the first time frame pullback higher after breaking out of a 500+ day bear market reaccumulation range. I would expect Doge to hold and recover from here.”
He continued: “If Doge looks poised for a rally and the Pepe/Doge pair is in price discovery, what does that mean? That means Pepe is on a lunar mission.”
Meanwhile, Zaza anticipate a move towards a market value of US$15 billion, which is equivalent to 4x its current price.
“There is almost no resistance anymore. If we cross the green box, the 90 levels will be next and then the ATH. The next step will take us to a market capitalization of 12 to 15 billion.”
In fact, with relative strength against the broader crypto market, Pepe’s future trajectory looks promising.
But another meme coin that is gaining traction is Dogeverse; It’s currently on pre-sale and has grossed an impressive $13 million.
Dogeverse raises $13 million in pre-sale, IEO coming soon
It’s not often that a meme coin brings an entirely new concept to the market and at the same time offers investors the chance to get in early, but that’s exactly what happened with Dogeverse.
The new meme coin is the first Doge-themed cryptocurrency to be launched on multiple blockchains.
In a bid for unparalleled accessibility, Dogeverese is available on Ethereum, Solana, Base, BSC, Avalanche, and Polygon.
This unique multichain perspective doesn’t just apply to optics. By interconnecting the six smart contract-enabled blockchains, Dogeverse unites the once-distinctive communities, embracing memetic positivity while warding off any trivial feuds.
Dogeverse’s approach means there has never been a meme coin with access to more liquidity on the network. The project is currently in pre-sale and has raised over $13 million, reflecting traders’ interest in this captivating use case.
Analysts are also immensely optimistic, with experts from the 99Bitcoins YouTube channel recently watching the strength of the meme coin market and speculating that Dogeverse could 100x after its exchange launch.
While the future certainly looks bright for Dogevese, potential investors are racing against the clock. This is because pre-sales will end soon, and then DOGEVERSE will be launched on exchanges, where its price will be dictated by supply and demand dynamics.
Learn more, visit Dogeverse pre-order.
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