Pepe’s Value Takes a Hit: Can This $4 Million Solana Newcomer Revive the Market?
Tim Hakki
Updated:
June 14, 2024 15:58 EDT
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2 min read
Pepe ($PEPE), a well-known meme coin, has experienced significant intraday price declines compared to the top eight meme coins in terms of market capitalization.
As of the latest update, the token has dropped by 4.4% overnight, trading at $0.00001178.
Over the past week, Pepe’s price has fallen by approximately 17%.
This drop in value surpasses that of Dogecoin ($DOGE), the leader in the meme coin sector, which saw a decrease of 1.6% overnight and 11.3% over the week, trading at $0.1416.
In general, meme coin holders are feeling the impact of a market-wide downturn, with Bitcoin ($BTC), the largest cryptocurrency, losing 1% overnight and about 6% intraweek, now trading around $66,935 on Friday afternoon UTC.
Despite facing resistance following its all-time high of $0.00001717 on May 27, Pepe has managed to retain most of its gains, with the current price level showing strong support.
Pepe’s relative strength index of 32, nearing the oversold threshold of 30, suggests a potential continuation of the post-ATH price correction/sell-off, although recent performance indicates strong support at the current price.
As Pepe’s value declines, investors are turning to the next viral sensation in the crypto world: Sealana.
With Solana meme coins like DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME), and Popcat ($POPCAT) gaining significant market capitalization within a year of launch, Sealana ($SEAL) emerges as a promising contender.
With over $4 million raised since the presale two months ago, Sealana pays homage to Gamer Guy, a character popularized in South Park’s World of Warcraft episode.
Investors looking for potentially high returns can participate in the Sealana presale at a fixed price of $0.022 until June 25 at 6PM.
Investing $100 at the current price yields around 4,545 $SEAL tokens, with the potential for significant returns if the price rises.
With Pepe’s value on the decline, investors are shifting their focus to Sealana, the exciting new meme coin in the crypto market.
For more information, follow Sealana’s X account and purchase $SEAL using $SOL, $ETH, $USDT, or $BNB on the official website.
Disclaimer: Cryptocurrency is a high-risk investment and this article is for informational purposes only. Investors could potentially lose all of their capital.
