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Meme coin price forecast is expected to reach PEPE reach 1 cent by the year 2023
Binance is the largest holder of $PEPE, owning 18.7% of it and dominating trade volumes, according to a major Twitter influencer 008. eth. Concerns have been raised about Binance's influence on the future of $PEPE because it is not publicly traded and is less transparent than Coinbase. Given Binance's substantial impact on $PEPE and its trading volumes, the community should examine the possible consequences of having such a prominent entity participating in the token's development. The growing importance of centralized exchanges in leverage trading may potentially influence $PEPE price discovery.
The number of unique holders has increased significantly, reaching 112,000. There has also been a daily growth of 1,000 unique transactional wallets. Notably, the number of addresses sending $PEPE has decreased by 0.2k, while the number of addresses receiving $PEPE has increased by 1.6k. This indicates a split in on-chain activity, with the coin seeing more buyers than sellers.
Elon Musk, the billionaire, has obliquely addressed Pepe Coin in a meme. Musk's meme post included the "Pepe the Frog" mascot. On Saturday, PEPE pumped 50% of its capacity. Tesla CEO Elon Musk on Sunday, I posted another Pepe via a third-party video.
PEPE Coin Technical Analysis, May 15th
PEPE Technical Analysis across many periods indicates a Buy signal.
The bulk of moving averages point to "Buy" (7) rather than "Sell" (5).
Technical indicators reveal three "Buy" indications to one "Sell" signal.
The RSI, STOCHRSI, CCI, and Ultimate Oscillator are all in the neutral range.
Indicators such as STOCH and Williams%R point to a "Buy" signal.
Overall, the study indicates that PEPE is bullish. View the most recent Crowdwisdom360 momentum indicators for Pepe currency below.
Pepe Price Prediction: Is PEPE a Good Investment?
Pepe Coin is a cryptocurrency that tries to resurrect the meme coin concept. It is inspired by the popular online meme figure "Pepe the Frog" and aspires to be the king of meme currencies.
The token was released with no presale and no taxes. The developers destroyed the liquidity pool and renounced the contract, thereby turning it into a currency for the people. It is motivated by memetic power and aims to present Bitcoin aficionados with a novel experience.
Key Features
It's based on the popular internet meme character "Pepe the Frog," who has a huge fan base and is readily recognizable.
Pepe Coin was created covertly, with no presale, no taxes, no LP burned, and no contract.
It is a completely decentralized and community-driven initiative, with no centralized authority ruling over its destiny.
Pepe Coin is based on the Binance Smart Chain, which allows for quick and inexpensive transactions.
Because the currency is powered by memetic power, its value can be impacted by social media trends and other market considerations.
As previously said, the PEPE coin combines community-driven development, recognizable branding, and memetic power. However, there are several meme currencies on the market, and not all of them are capable of performing well in the crypto sector.
The Pepe coin is based on the Binance Smart Chain network and is available for purchase and sale on several cryptocurrency exchanges.
Pepe Price Prediction: Will PEPE Reach 1 Cent?
Pepe will have to surge 2.6k times higher to achieve 1 Cent. Pepe's market capitalization at one cent would be $4012 billion. If Pepe increased by 25% every year, it would take 36 years to reach one cent.
None of this appears to be viable, especially given the token's poor investment case.
Even if the Token burned 90% of the circulating Tokens, Pepe would still be unable to achieve 1 Cent.
To purchase $PEPE, you must first build a wallet, such as MetaMask or another wallet of your choosing. Get some ETH in your wallet before making the conversion to $PEPE. If you do not already have any ETH, you may purchase it directly on MetaMask, transfer it from another wallet, or purchase it on another exchange and send it to your wallet.