The PEPE Coin price prediction as Shiba-themed coins disrupt the market

The world of cryptocurrencies is nothing short of a rollercoaster ride, with prices surging and dipping at a rapid pace. In this article, we'll delve into the latest developments in the cryptocurrency market, with a specific focus on the PEPE coin price prediction and the groundbreaking Shiba Memu presale.

Timeline of Pepe

Pepe ($PEPE) has lost the hype it had months ago, which saw its price increase by a massive 9000%. The meme token attracted investors as its value skyrocketed to $0.00000431. Nonetheless, the tables have turned for the once-lucrative crypto. Pepe has lost around 24% over the last 30 days.

The frog-themed memecoin, Pepe coin, has managed to remain relatively stable despite the market correction in market leaders Bitcoin and Ethereum. Over the past week, it has been trading within a tight range, bounded by $0.00000071 and $0.0000006.

After weeks of trading as an underdog, the frog-themed meme coin Pepe Coin (PEPE) is now arguably on steroids with a 15% surge today taking its price to $0.0000006933, per data from CoinMarketCap. The sudden reversal in its price action has further helped push the price of the token up when the trailing seven-day period is factored in.

With the majority of altcoins in the broader digital currency ecosystem finding new paths to revival, frog-themed meme coin Pepe Coin (PEPE) has been on a mild but steady free fall. At the time of writing, each PEPE token's price is worth $0.0000006621 atop a 3.57% slump in the past 24 hours.

During the second week of September, the crypto market saw a notable sell-off. The Pepe coin wasn't spared, breaking below the psychological support of $0.0000007 with considerable volume.

Pepe Coin has been on a wild ride in early September, characterized by significant price volatility and a troubling dip in its performance. The price action of PEPE early this month followed a bearish pennant pattern, marked by two converging trendlines.

Amid the recent uncertainty in the crypto market, the Pepe coin price performance in early September was marked by significant volatility. Initially, the coin moved within two converging trendlines recognized as a bearish pennant pattern.

Whale 0x9da executed a significant swap of 452.911B $PEPE tokens for 194.31 Ethereum ($ETH), resulting in a profit of $216K. This follows the whale's initial accumulation of $PEPE tokens from the Huobi exchange.

Recently, the memetic cryptocurrency, Pepe (PEPE), has faced challenges on multiple fronts. The contributors of this eccentric digital currency have reported unauthorized access to their primary Telegram channel, urging the community to label it as a scam.

PEPE, the meme coin that has garnered a cult following in the cryptocurrency world, made headlines once again as an anonymous whale, rumored to go by the name “Alleged Mattfurie,” executed a huge transaction. According to a new PEPE price update, this enigmatic figure exchanged a staggering 726 billion PEPE tokens for approximately 345.7 Ethereum (ETH).