Here's where PEPE price is headed next as raising presale breaks $2 million Pepe has shown potential for recovery, bolstered by market sentiment and investments. Meanwhile, Crypto All-Stars aims to bring sustainability to the meme coin market with its new staking model. Investors are keenly watching these developments to identify future growth opportunities
Meme coins are back in action. Can Pepe reclaim its all-time high this year, or will it struggle to maintain the third position on the meme coin chart amid fierce competition?Pepe’s road ahead
Pepe pumped above 30% in the recent crypto rally. While the broader market sentiments have helped, more factors are at play. For example, BitMEX founder Arthur Hayes bought 24.39 billion PEPE tokens worth $252,000, kindling a buying frenzy.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
“It's time for a meme coin breakout. I respect my $MOTHER, I $MOG like no one else, but I can't neglect $PEPE,” he posted on X.
https://x.com/spotonchain/status/1839565154075476140
The PEPE chart shows that the token has been trading in a descending channel since hitting an all-time high in May at a $7 billion market cap. However, the price has broken out of this channel, capitalising on the broader market recovery in mid-September. The 200-day MA (moving average) has flipped into support, signalling a potential shift in sentiment.
Spotlight WirePepe/USDT price analysis, source: CoinMarketCap
The RSI, however, is now in the overbought range. A price correction could be on the horizon for Pepe. Dizzying price surges and dramatic falls are core features of meme coins. Whether the Pepe price will climb high to reclaim its all-time high or descend below the 200-day MA remains to be seen.
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Meanwhile, new meme coins are capturing the attention of investors with low initial market caps, new themes, and creative functionalities.
Crypto All-Stars crosses $2 million in presale
Crypto All-stars (STARS) is bringing a multichain, called MemeVault, to the market. The passive income model is set to potentially demonstrate that the meme-coin market has more to offer than speculation. The STARS presale has raised $2.5 million so far, and the $3 million milestone is now very close.Spotlight WireCrypto All-Stars aims for long-term sustainability through utility, taking inspiration from projects like Shiba Inu and Floki Inu. However, there is a key difference. SHIB and FLOKI focus on building utilities around their tokens. Crypto All-Stars, on the other hand, caters to the broader memecoin ecosystem with its unified staking system.MemeVault: Turning meme coins into passive income
This project presents an approach to integrating purpose into meme coins. Investors who stake $STARS tokens can potentially earn higher staking APYs.When MemeVault officially launches, it will support eleven popular meme coins. The unified platform is aimed at investors looking to put their idle meme coin investments to work as they wait for value appreciation.
Spotlight WireCommunity and influencer support
With over 16,000 followers on X (formerly Twitter), Crypto All-Stars is building awareness around its upcoming staking protocol. Top crypto influencers have also taken note of the project. ClayBro, who has over 130k subscribers on YouTube, is one of them.Could $STARS outshine Pepe?
Pepe has a market cap of $4 billion and a community of 660,000 followers on X (formerly Twitter) Although projects like Dogwifhat and Bonk threatened Pepe’s dominance earlier this year, it holds the third rank in the memecoin market With a market cap of $4 billion and a community of 660,000 followers on XDue to its focus on broader market utility, STARS is a meme coin potentially worth paying attention to in Q4. In addition, its lower initial market cap leaves more space for growth and expansion than Pepe. For example, NEIRO and POPCAT outperformed PEPE in the recent rally
Visit the Crypto All-Stars websitei
Name: Crypto All Stars
Email: [email protected]
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This story originally appeared on: India Times - Author:Faqs of Insurances
