Will Pepe reach another all-time high this June? Pre-sale of the new P2E meme coin reaches $4 million

After the bearish reversal from the recent all-time high, PEPE is showing signs of recovery. The question is: will PEPE continue this upward trend and regain its all-time high in June?

When Bitcoin price fell below the crucial $70,000 support level, meme coins suffered a sharp decline, with major coins losing significant value.

Meanwhile, PEPE has shown volatile price changes, rising around 12% over the past day but falling 4% over the past week.

Despite this, some investors remain confident as it is only 25% away from its previous all-time high.

Pepper price prediction

Analyzing the price performance of PEPE, we notice a correction phase after a significant surge. Current indicators are neutral and suggest a potential upward trend as the market stabilizes.

Despite recent profit-taking, Pepe has shown promising rallies over the past month, supported by positive technical signals and community sentiment, indicating a possible strong comeback.

Last month, the meme coin did very well, with its value increasing by 130%, reaching an all-time high. The bulls gained momentum at the $0.000008 support level, doubling the value in eight days and reaching a new ATH of $0.000017 on May 27.

After hitting a high two weeks ago, Pepe faced a strong bearish reversal, which led to selling pressure in the cryptocurrency market. The MACD indicator shows increased selling pressure, suggesting a possible continued downward trend in prices.

If the market sustains the price above $0.000011, the bulls could push PEPE price towards the test of $0.000014, potentially revisiting its all-time high this month. Conversely, if the bears prevail, Pepe could fall below $0.00001150, heading towards the crucial $0.000008 level in the coming weeks.

Recent developments in the last 24 hours have shown a significant change. According to CoinMarketCap, the price of the meme coin increased by more than 12% in one day, despite a 4% decline over the past week. However, over the past month, the value of the meme coin has grown by 56.48%, indicating its strength.

It is currently trading at $0.0000136. PEPE boasts a market capitalization of $5.73 billion, making it the 21st largest cryptocurrency, according to CoinMarketCap. Notably, there was an increase in trading activity, with a 29.16% increase in 24-hour trading volume, reaching $1.44 billion.

With a volume to market capitalization ratio of 22.92%, the market shows good liquidity. Despite the difficult market conditions, Pepe Coin (PEPE) shows resilience and bullish signs, suggesting a potential recovery by June 2024, although nothing is certain.

Potential investment opportunity: PlayDoge

After studying the price of Pepe (PEPE), we highlight an exciting discovery in the world of meme coins: PlayDoge. PlayDoge (PLAY), a new Play-to-Earn project, is gaining tremendous attention as its pre-sale has reached the $4 million mark.

The PlayDoge presale, launched two weeks ago, was a success, offering early investors $PLAY tokens for just $0.00507. Investors can purchase $PLAY using ETH, USDT, BNB, or a credit/debit card, and those who invest can immediately stake their tokens to earn passive income.

Currently, annual returns stand at 235%, with over 79 million $PLAY tokens already locked, demonstrating strong investor interest. The project has garnered over 3,700 followers on its site X (Twitter page)where the developers provide regular updates on its progress.

Utilizing the popularity of the iconic Doge character and the nostalgia of Tamagotchi-style pocket animals, PlayDoge allows players to own Doge as their own digital pet, interacting with him via a smartphone app.

The project is positioned as a “high-spec update to Tamagotchi,” offering players the chance to earn free cryptocurrency by completing classic 2D games, similar to 8-bit side-scrollers.

Players receive additional $PLAY tokens and experience points, while those who accumulate more XP earn extra $PLAY rewards, displayed transparently on a leaderboard.

Overall, experts who have reviewed the new meme coin generally agree that PlayDoge could be the next meme coin to experience significant growth in 2024. To take part in the $PLAY token presale, visit playdoge.io.

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