Is Pepe Coin Price Dead? $COPIUM and AiDoge Might Be The Best Crypto to Buy Today
The Pepe Coin (PEPE) price continues to cool and some are claiming that the cryptocurrency might now be dead.
PEPE/USD was last changing hands around $0.0000015, according to DEX Tools.
That’s a more than 60% pullback from the cryptocurrency’s recent highs near $0.0000040.
Technicians note that Pepe is in the process of forming a pennant structure that could either signal the start of a new parabolic run higher, or a fresh tumble.
Given that, at current price levels, Pepe still has a market cap of around $620 million, and given that broader cryptocurrency markets continue pulling back, the scope for a fresh surge higher back into billion-dollar market cap status seems limited.
Meanwhile, if Pepe did break to the downside of its current technical structure, that could open the door to a further 70% price decline back to support in the $0.00000045 area.
Whilst its probably too soon to claim that Pepe is dead, these claims would certainly gai validity was the meme coin to crater another 70% from current levels.
That being said, Pepe probably isn’t the best crypto to buy today – Pepe has already enriched its early investors and those entering the market risk paying way over the odds for each token.
Investors looking to get in early on a new, high-potential meme coin should thus look elsewhere.
Here are two meme coins being monitored by the Cryptonews.com team that could be better cryptos to buy today.
After a few days of hype building and an invite-only presale, Copium Token (COPIUM) was launched on Thursday and enjoyed an explosive start to life.
COPIUM hit a high of $0.016 on Thursday, around 16x up versus its presale and listing price of just over $0.001 and has seen massive trading volumes in excess of $44 million in the past 24
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