Saudi Pepe Price Jumps 85% in 24 Hours as yPredict Rockets to $1.4m
The Saudi Pepe (SAUDIPEPE) price is up big in the last 24 hours.
The meme coin, which claims on its website to be the Arabic version of the popular Pepe meme coin and “Pepe’s best friend”, was last trading in the $0.00017s across Decentralized Exchanges (DEXs), up around 85% in the last 24 hours versus Sunday’s lows under $0.00010.
The latest resurgence that saw SAUDIPEPE rally as high as the $0.00024s in the early hours of Monday has reignited hopes that the meme coin could rally back to its highs from a few days ago in the $0.002 area.
When SAUDIPEPE was at these highs, its market capitalization had reached an impressive near $15 million – its currently around $1.37 million.
Despite Saudi Pepe’s claims that its going to launch an NFT collection with NFT staking, a Play-to-earn (P2E) game and artificial intelligence services, doubts remain about the meme coin’s long-term utility.
Like the vast majority of other opportunistic meme coins that have been popping up recently, Saudi Pepe will probably boast no real utility for investors in the long run, damaging the coin’s long-term growth prospects.
Investors looking for a low market capitalization cryptocurrency gem would probably do better by looking for a cryptocurrency/crypto token that is tied to a platform that offers users real value.
One such coin that the team at Cryptonews.com are big fans of at the moment is YPRED, the crypto token that powers the in-development yPredict AI-trading and market intelligence platform.
Predicting price movements in the cryptocurrency market is difficult, even with years of experience in understanding macro, crypto fundamentals and technical analysis.
Artificial Intelligence (AI) technology, which has been making significant strides in recent
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