Memecoins
The price of Pepper increases by 15%; Traders suggest that the WienerAI memecoin will explode
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Pepe (PEPE) is up nearly 15% over the past day after an expected bounce from the $0.0000062 support level.
As of this writing, it is trading at around $0.0000079 and has continued its expected uptrend after breaking out of a bullish pattern on the daily chart.
As market sentiment turns bullish, many traders looking for the next big meme coin are now turning to a brand new token called WienerAI. It has already raised over $870,000 in the recently launched pre-sale.
PEPE rallies 15% after breaking out of the bullish pattern
PEPE is currently the the third largest meme coin by market capitalizationfollowing Dogecoina and Shiba Inu.
The growth of the meme token has been massive, especially in the last 3 months. TradingView data showed that PEPE has recorded a gain of over 792% since February 5th.
This rally helped the token reach its all-time high on March 14 at nearly $0.0000108. Shortly after, the coin saw a rather brief downtrend and found support at the $0.0000049 level.
PEPE experienced a strong rebound from this level and subsequently saw great enthusiasm from investors Coinbase announced which listed PEPE’s perpetual contracts in April.
Meanwhile, the meme coin has formed a classic bullish flag pattern on its daily chart. A pattern of this type often indicates the possibility of a breakout in a strong uptrend environment.
Recently the popular cryptocurrency trader Max Schwartzman analyzed the price action of PEPE and believed that the meme token was on a mission to the moon.
This expected breakout set the stage for PEPE’s 15% rally over the past day as the price rebounded from the pattern’s upper base.
IntoTheBlock data reaffirmed the uptrend and showed that 75% of PEPE holders were in profit at the time of writing.
Analyzing PEPE futures market data, Coinglass data showed a massive 32% increase in Open Interest (OI) over the last day.
The last day’s 15% surge, coupled with the rise in OI, showed traders’ high confidence in PEPE’s future. However, it is worth noting that trading volumes only grew by 6.5% during this period.
At the time of this writing, PEPE was trading nearly 26% below its all-time high. As sentiment towards meme coins has turned bullish, a new trending meme token attracting investor attention is WienerAI.
Traders think WienerAI could explode soon
Many investors are also eyeing the AI boom alongside meme coins. WienerAI (WAI) is one such meme token that combines the potential of meme coins with artificial intelligence.
The project’s mascot is an artificial intelligence robot dog called WienerAI. The story is about a mad scientist called “The Architect” who created WienerAI in the year 2132.
Early buyers can purchase WAI for just $0.000703 at the time of writing. However, this price will increase in the next round, which will start in 2 days.
The platform has a highly rewarding staking mechanism for pre-sale investors. It offers a staking APY of over 1,000% at the time of this writing.
With over 980 million tokens already staked, it is quite evident that investors are placing their trust in the project.
According to WienerAI’s white paper, it has a supply limit of 69 billion tokens. 30% of these tokens are available for pre-sale for buyers to grab at low prices.
Adding to the excitement, many crypto analysts are excited about this meme token. In a recent YouTube video, renowned crypto analyst Jacob Bury highlighted how Wiener could offer 100x earnings to early buyers.
Jacob highlighted how early buyers can take advantage of WienerAI’s high-staking APY before it declines.
To find out more about this project, visit the WienerAI presale site or join the community via Telegram | Twitter
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