Amid the "2.0 meta" meme coin mania, Pepe 2.0 rose as one of the top copycat cryptos, but it has taken a downturn in recent weeks. The question is, will it rise again, or is it destined to collapse?
This Pepe 2.0 price prediction provides our short and long-term price forecasts, highlighting its strengths and any concerns we may have regarding the project.
Pepe 2.0 launched on 27 June with an opening price of $0.00000000001394. The project was one of the first to kickstart the infamous 2.0 copycat trend, where developers would create unaffiliated “2.0” versions of coins, aiming to fix the shortfalls of the original project.
Investors could easily resonate with these coins, often causing their prices to explode quickly.
The Pepe 2.0 price exploded after its launch, reaching $0.0000001076 on 29 June. Subsequently, the price pulled back to $0.00000001946 on 2 July, followed by an explosive bounce to its $0.0000002219 ATH on 7 July.
However, the price has continued trending downward since, currently priced at $0.00000003907, down 81% from its ATH, according to CoinMarketCap.
The Pepe 2.0 price chart below shows that the price is currently trending towards its 2 July support level of $0.00000001946.
Currently, the project holds a $16.6 million market cap, with a $7.8 million 24-hour trading volume and 12.68K holders.
After a sustained sell-off starting on 9 July, Pepe 2.0 has only seen one green daily candle. This illustrates lots of bearish momentum, which may be challenging to recover from, considering the project’s lack of price history.
Nevertheless, Pepe 2.0 still boasts a community of over 12K holders, with 26K Twitter followers and 12K Telegram subscribers.
Moreover, Pepe 2.0's Twitter is thriving, with its team regularly
Read more on cryptonews.com