pepe token memecoin comparison

PEPE token stands out in the memecoin market, currently priced at $0.00002058 after a monthly gain of 21.84%. With a market cap around $10.67 billion, it ranks 21st among cryptocurrencies and is the third-largest memecoin by value. While it faces challenges in stability against giants like Dogecoin and Shiba Inu, PEPE's trading volume remains robust, indicating strong investor interest. Bullish trends are noted in technical indicators, hinting at potential upward movement. If you keep exploring, you'll uncover insights on the price predictions and comparative metrics that could impact your investment decisions.

Key Takeaways

  • PEPE token ranks 21st in market capitalization at approximately $10.67 billion, trailing behind Dogecoin and Shiba Inu in the meme coin sector.
  • Despite recent declines, PEPE shows impressive annual growth of 1,471.35%, indicating strong long-term performance compared to other meme coins.
  • PEPE's 24-hour trading volume of $3.55 billion reflects robust market activity and high liquidity, crucial for competitive performance against major rivals.
  • Community engagement is vital for PEPE's success, with over 678,000 social media followers, similar to established coins like FLOKI.
  • PEPE faces stability challenges compared to established giants, requiring close monitoring of market fluctuations and community support for sustained growth.

Current Price and Performance Overview

market trends and analysis

Analyzing the current price and performance of the PEPE token reveals a snapshot of its ongoing market activity. As of December 3, 2024, the PEPE token is priced at $0. 00002058, reflecting a slight decline of 1. 62% over the past 24 hours. During this period, it reached a high of $0. 00002097 and a low of $0. 00001968, showcasing some volatility. Despite the recent dip, PEPE has demonstrated impressive growth in the last month, achieving a substantial 21. 84% increase. Over the past year, the token has skyrocketed with a staggering 1,471. 35% return, highlighting its strong market presence. However, you should note a medium-term decline of 12. 76% over the last three months, which indicates some fluctuations. With a market capitalization of $8. 65 billion, PEPE ranks 27th among cryptocurrencies, supported by a circulating supply of 420. 69 trillion coins. Its trading volume on platforms like Crypto. com indicates significant activity, further reflecting its appeal. Furthermore, the token has experienced a market cap change of +4. 13% in the last 24 hours, showcasing its recent resilience. Despite the recent decline in the PEPE token price, there are indications of a potential resurgence in the near future. Market analysts have noted that the PEPE token price surge could be attributed to a growing interest from investors and an increase in trading activity. With its recent resilience and impressive growth over the past year, the PEPE token is poised to attract attention from both experienced and novice traders looking for opportunities in the cryptocurrency market. Overall, the PEPE token’s market performance reflects its potential for long-term viability and growth.

Support and Resistance Levels

market trend analysis indicators

Understanding the current price movements of the PEPE token requires a close look at its support and resistance levels. The key support range lies between $0.000001187 and $0.000001019, serving as a daily buffer against downward price action.

Essential support levels at $0.000000800 and $0.000000750 are important to prevent further declines. If these are breached, lower support levels at $0.0000131 and $0.0000101 may come into play. Notably, a critical price level has been identified at $0.000001533, which plays a significant role in the token's market behavior.

On the resistance side, you'll need to watch the immediate resistance at $0.000001533, which must be surpassed to avert a price drop. Higher resistance levels at $0.00003, $0.00004, and $0.00005 could signal potential price increases if broken.

The 20-day SMA acts as short-term dynamic resistance, while the 50-day and 200-day SMAs are significant for long-term bullish momentum.

Understanding these levels is essential, as they reflect market psychology, trend direction, and buyer-seller dynamics. A breakdown below support could lead to further losses, while a breakout above resistance may indicate a shift towards a bullish trend.

Trading Volume Insights

market activity analysis report

In the last 24 hours, PEPE token has seen a substantial trading volume of $3.55 billion, reflecting robust market activity. Even though this marks a decrease of 1.45% from the previous day, the trading volume remains high, indicating strong market participation. Significantly, the majority of trading occurs during Asian hours, showcasing broad global interest. Notably, PEPE has a current market cap of $10.79 billion, further emphasizing its position in the market.

Here's a quick overview of key trading insights:

Metric Value
Total Tokens Traded 166.98 trillion PEPE
Volume-to-Market Cap Ratio High liquidity
Market Depth Tighter bid-ask spreads

This substantial trading volume aligns with the overall strength in the cryptocurrency market, further supported by recent exchange listings that enhance PEPE's accessibility. The high turnover ratio of memecoins, sitting at 77%, indicates that PEPE is a significant player among its peers. With increased buy pressure and institutional interest, it's clear that PEPE is capturing attention in the memecoin space.

Technical Indicators Analysis

market trends evaluation tools

Utilizing various technical indicators, traders can gain valuable insights into PEPE's market behavior. On the 1-hour chart, 67.86% of moving averages signal bullish trends, while recent bearish crossovers from the 20, 50, and 100 moving averages suggest caution.

However, adaptive moving averages indicate possible bullish reversals on both the 30-minute and 1-hour charts. The RSI sits at 62, indicating there's room for upward movement, contrasting with bearish RSI readings from other memecoins. Additionally, the current price is bullish above 0.000757 USDT, reinforcing the potential for further gains.

The CCI and Williams %R show overbought conditions, but a bullish divergence on the 4-hour CCI suggests potential price increases ahead. In terms of volatility, PEPE's 30-day reading of 11.68 indicates active price movement, and strong exchange outflows of $341 million imply whale accumulation, reducing immediate selling pressure.

Price is above key pivot points, indicating a likely bullish continuation. With significant liquidation levels at $0.0000199 and $0.00002143, traders must remain aware of these points influencing short-term price action.

Market Capitalization and Ranking

market cap rankings overview

PEPE token has made remarkable strides in the cryptocurrency market, with its market capitalization soaring to approximately $10.67 billion. This milestone places PEPE as the 21st ranked cryptocurrency globally, surpassing Litecoin and marking a significant achievement for a meme coin.

In fact, PEPE's market cap briefly exceeded $11 billion in the past 24 hours, solidifying its position as the third-largest meme coin by market value, trailing only Dogecoin (DOGE) and Shiba Inu (SHIB).

As you explore the meme coin landscape, you'll see that PEPE's rise has made a substantial impact. It now boasts a market capitalization that dwarfs other lesser-known meme coins, such as Memecoin (MEME) with around $519.40 million or Cutoshi (CUTO), which is just beginning to gain traction. Additionally, the recent surge in network activity indicates a growing demand for PEPE among investors.

PEPE's impressive growth has also contributed to a notable 12% increase in the overall meme coin market capitalization, which exceeds $148 billion. With increased trading activity and heightened interest in derivatives, PEPE isn't just a standout—it's reshaping the entire meme coin market and drawing attention to potential investment opportunities.

Future Price Predictions

forecasting upcoming market trends

As investors look to the future, the price predictions for PEPE token reveal a landscape filled with potential opportunities.

In the short term, you can expect a price range between $0.0000101 and $0.0000288 in 2024, with potential growth of 80-100%. Support levels sit at $0.0000101 and $0.00002046, while resistance could hit $0.0000288 and $0.00003219. A significant breakout is observed, maintaining bullish territory above $0.0000101.

Moving into 2025, the price range is projected to be $0.00001444 to $0.0000666, with bullish targets reaching as high as $0.000106. The average price is estimated at $0.0000389, indicating strong market sentiment.

By 2030, you might see prices ranging from $0.000052 to $0.0000572, with some forecasts suggesting potential highs of up to $0.0225.

Looking even further ahead, the long-term predictions for 2035 could see PEPE token hitting $0.00022, with a peak around $0.1.

Comparative Analysis With Major Memecoins

memecoin comparison and insights

The meme coin landscape is buzzing with activity, and a comparative analysis of PEPE against major players like Dogecoin and Shiba Inu reveals intriguing dynamics.

While PEPE has made significant strides, understanding its position within the broader meme coin ecosystem is vital.

Here's a snapshot of the comparative performance:

  1. Market Cap: PEPE's market cap is smaller than Dogecoin and Shiba Inu, highlighting its growth potential.
  2. Growth Rate: PEPE boasts a remarkable 261% growth in 2024, outpacing many other crypto sectors.
  3. Community Engagement: PEPE's success heavily relies on its community, similar to FLOKI, which actively engages over 678,000 followers on social media. This engagement is crucial as community-driven appeal has been a key driver of popularity in the meme coin market.
  4. Volatility: Like other meme coins, PEPE experiences high price volatility influenced by social media trends and investor sentiment.

While PEPE showcases impressive growth and community-driven dynamics, it still faces challenges in stability compared to established giants like Dogecoin and Shiba Inu.

As the meme coin sector continues to evolve, monitoring these comparative metrics will be essential for investors looking to navigate this vibrant landscape.

Frequently Asked Questions

What Factors Influence the Price of PEPE Token?

The price of PEPE Token is influenced by several key factors.

You'll notice that market sentiment plays a huge role; a bullish market can lift prices, while bearish trends can drag them down.

Community engagement is essential, too, as active participation can drive demand.

Additionally, macroeconomic conditions, technical indicators, and whale activity all impact price movements.

Staying updated on these elements can help you better navigate PEPE's market dynamics.

How Does Pepe's Community Impact Its Market Performance?

PEPE's community plays an essential role in its market performance.

As you engage with over 529,000 followers on platforms like Telegram and Discord, you create a vibrant atmosphere that drives discussions and trading activities.

This active participation boosts visibility and fosters a supportive environment.

When you collectively support the token, it enhances market interest and contributes to notable price movements, proving that a strong community can greatly influence a token's success.

What Are the Risks Associated With Investing in PEPE?

Investing in PEPE comes with several risks.

You'll face high volatility, meaning prices can swing dramatically in a short time.

There's no intrinsic value or utility backing the token, making it reliant on speculation and community hype.

Regulatory uncertainties could impact legality, while security risks expose your investment to hacking or fraud.

Liquidity might vanish during downturns, and large holders can greatly influence prices.

Always do your research before diving in.

How Does PEPE Compare to Traditional Cryptocurrencies?

When you compare PEPE to traditional cryptocurrencies, you'll notice distinct advantages.

PEPE uses a Proof-of-Stake mechanism, making it energy-efficient and less environmentally damaging than Bitcoin's Proof-of-Work. You'll benefit from faster transaction processing and lower fees, enhancing your experience.

Plus, PEPE's decentralized governance allows you to influence its development, fostering a sense of community.

What Developments Are Planned for the Pepe Unchained Ecosystem?

You're looking at an exciting future for the Pepe Unchained ecosystem!

Planned developments include integrating with popular DeFi protocols and creating native DApps to boost usability. They'll deploy a Layer 2 blockchain for faster, cheaper transactions and enhance community engagement through a rewards system.

Plus, with cross-chain bridges and NFT capabilities, you'll have a seamless experience across platforms.

Strategic partnerships are on the horizon to strengthen their position in the crypto space.

Conclusion

To summarize, Pepe token's performance showcases its potential amidst the bustling memecoin market. With solid support and resistance levels, coupled with impressive trading volumes, it stands out among its peers. The technical indicators suggest a promising trajectory, and its market capitalization reflects growing interest. As you consider investment options, keep an eye on Pepe's future price predictions—it just might surprise you as it continues to compete with major memecoins.

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