Pepe Meme Coin Roundup Is It Profitable to Be Correct
Referring to it as a conservative investment would be a mistake. The Pepe (PEPE) token on Ethereum is a nightmare for respectable financial advisors. This digital Internet currency is completely speculative and secured by peer-to-peer networks with decentralized finance algorithms. Additionally, it features a creepy cartoon frog instead of a former U.S. president. What’s the deal with that?
Lately, right-leaning meme coins, currencies with political influence and conservative appeal, have been gaining popularity in June as meme coins experience a broader market decline. This could be a good time to explore new Pepe meme coins like Pepe Unchained.
Pepe Coin has been making moves, climbing back up the charts after a correction in cryptocurrency prices in June. Recently, PEPE tested resistance at the $0.000012 level on Friday but failed to break out by Saturday evening U.S. Eastern Time.
Despite this, there is a potential cup and handle pattern on PEPE’s chart, indicating a possible breakout in the near future. According to Investopedia, the cup and handle pattern is seen as a bullish signal, with lower trading volume on the right-hand side of the pattern.
While other cryptocurrencies have experienced losses in the past week, Pepe has managed to avoid some of the damage. Bitcoin’s price corrected down by almost five percent over the past seven days, and markets are eagerly awaiting its next move before making significant bets on key altcoin currencies for the remainder of June.
Technical analyst John Bollinger recently shared his thoughts on Bitcoin, suggesting that the price is set to skyrocket. Memes, on the other hand, are suffering more than the rest of the Web3 industry, with Dogecoin down by 6%, Shiba Inu down by 10%, and Floki Inu experiencing a staggering 27% drop. Despite this, Pepe has been performing better than most meme coins, with only a 2.5% weekly loss compared to its peers’ more significant losses.
As Pepe Coin continues its upward trajectory, Book of Meme (BOME), another Pepe-themed meme currency, has found support at the $0.00944 level. Additionally, Trump Coin (MAGA) is currently testing a crucial support level.
The future looks promising for these right-wing meme tokens, with potentially substantial profits on the horizon for those who hold on through various challenges. Described as a frog-themed memecoin, Pepe Coin is often viewed as “ETH Beta” by crypto market traders, meaning it tends to mirror Ethereum’s movements but with greater volatility.
Investors looking for even more Beta than Pepe should consider new currencies in the presale stage, like Pepe Unchained. These coins typically offer higher volatility upon launch due to their smaller capitalization compared to the market. For investors seeking an advantage, these are the hidden gems worth exploring. Visit Pepe Unchained for more information.
