{"id":557426,"date":"2023-10-25T06:27:30","date_gmt":"2023-10-25T06:27:30","guid":{"rendered":"https:\/\/wncen.com\/?p=557426"},"modified":"2023-10-25T06:28:01","modified_gmt":"2023-10-25T06:28:01","slug":"pepe-coin-price-surges-almost-40-as-meme-kombat-is-backed-to-10x","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/company\/pepe-coin-price-surges-almost-40-as-meme-kombat-is-backed-to-10x\/","title":{"rendered":"Pepe Coin Price Surges Almost 40% as Meme Kombat is Backed to 10x"},"content":{"rendered":"
Pepe has vastly outperformed all other major cryptos over the past 24 hours, pumping almost 40% to highs of $0.000001025 earlier today. The crypto has undergone significant downward movement over recent weeks, but today\u2019s euphoric pump has propelled it to its highest price since August.<\/p>\n
Meanwhile, new presale meme coin Meme Kombat looks primed to be the next to explode, with a respected analyst predicting 10x returns thanks to its viral potential and robust tokenomics.<\/p>\n
With Pepe\u2019s price driven mainly by hype and speculation, its price chart is often the key to determining market sentiment and momentum.<\/p>\n
Over the past weeks, a popular trade idea has been that Pepe has formed a double bottom and could be primed to reverse.<\/p>\n
An analyst on TradingView who goes by Ifiok-2sydes<\/a> first noted the double-bottom formation on 20 October, also noting that the price was breaking out of a falling wedge. As well as a double bottom, a falling wedge break out is another bullish signal that indicates a trend reversal.<\/p>\n <\/p>\n The price has jumped significantly since then, exploding by 40% and breaking above several critical technical indicators. As seen on the Pepe price chart below, the recent move has propelled Pepe above the 50-day EMA and the monthly volume weighted average price.<\/p>\n <\/p>\n Despite the double bottom chart pattern formation and ascending wedge breakout, such bullish price action from Pepe still comes as a surprise, considering its continuous downward trajectory in recent months.<\/p>\n However, the recent green candle is due to an announcement by the Pepe team<\/a> that it has burned 6.9 trillion PEPE worth $6,000,000 and that a new team of advisors has come on board to guide the project forward.<\/p>\n <\/p>\n This comes after a severe mishap earlier this year where a group of rouge ex-team members stole $15 million from Pepe\u2019s multi-signature wallet. The event diminished investors’ confidence, but this recent move is a notable recollection, evident in its 40% pump.<\/p>\n Pepe currently holds a market cap of $381 million and a 24-hour trading volume of $440 million, up 224% on the last day.<\/p>\n After a brief pullback from its highs earlier today, its current price is $0.0000009763, up 32% in the last day, 48% in the previous week, and 44% in the last month. However, it remains down 76% from its May all-time high of $0.000004354.<\/p>\n While Pepe has fared significantly bullish over the past 24 hours, analysts are even more optimistic about the new presale project Meme Kombat, with some traders calling for 10x returns.<\/p>\n Meme Kombat<\/a> ($MK) is a new cryptocurrency presale project merging the two trending topics of meme coins and crypto casinos. The project lets users gamble on the outcome of AI-generated battles between popular meme coin characters with $MK and offers a 112% staking annual percentage yield, furthering the token’s utility.<\/p>\n <\/p>\n The project also features a fully doxxed team highly versed in blockchain, business, and tech. This is a significant advantage over Pepe, which has struggled due to its lack of transparency.<\/p>\n Despite launching recently, Meme Kombat\u2019s presale has already proven immensely popular, raising $680K, with investors drawn to its viral potential and lucrative staking APY.<\/p>\nWill Meme Kombat Explode Next? P2E Project Raises $680K at Presale<\/h3>\n