Frog Meme Coins Are Back? Chinese Pepe PEIPEI Explodes 379% And Pepe Unchained ICO Raises $3 Million
Frog meme coins are back on the rise, and PEIPEI (nicknamed Chinese PEPE) is leading the charge.
This article will provide an analysis of PEIPEI’s current price trends and look to see whether an innovative new meme coin, PEPU, represents a more promising investment opportunity at this time.
$PEIPEI is in a league of its own.
Kept my portfolio green during the Germany dump.
Now it’s chasing new all time highs. GG if you got in with me.
Next target for me now is 250m market cap.
Very doable. pic.twitter.com/CbPm0PIiRQ
— TraderNJ (@TraderNJ1) July 11, 2024
With PEIPEI holders now targeting a push to a $250 million market cap, the prospect of a 2x return on the short-time frame dominates sentiment on social media platforms.
As Chinese PEPE price action continues to grind up, PEIPEI is currently trading at a market price of $0.00000033 (representing a 24-hour change of +1.58%).
This comes after PEIPEI price smashed out of consolidation between $0.00000016 and $0.00000028, to push up into the upper-side of the ongoing ascendant trading channel – with price action now finding feet above $0.00000031.
The move was triggered amid mighty inflows of more than $7.3m in volume over the past 24-hours, and the shift into high gear has left PEIPEI at a strong but still alluring $138M – as it teases the idea of a breakout into big meme coin status.
With sell-pressure incredibly low at just 37% of transactions in the past 6-hours it seems there is a strong trend for hodling behaviour amongst investors.
A closer look at the chart also reveals an RSI shifting to positive sentiment at 56 – indicating that price will once more have the capacity to shoot to the upside in the coming hours.
But while PEIPEI looks very strong, at a $129M market cap, the
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