PEPE Coin price drops 15% in 7 days as Launchpad approaches $1M. Is it too late to buy?

Pepe Coin (PEPE) experienced a surge of over 50,000% between April 15 and May 5, but is now experiencing a significant decline of more than 60% from its peak. This has caused uncertainty about the meme coin’s future potential, leading market participants to question how much further the crypto prices may fall.

Pepe Coin Price Prediction: Mixed Signals Emerge Amid Bearish Undertones

The EMAs on the 4-hour chart indicate a continued downtrend, with the 20-EMA at $0.00000116, the 50-EMA at $0.00000125, and the 100-EMA at $0.00000134.

The RSI of 46.88 indicates the presence of sellers, and the MACD histogram is -0.00000006391, signaling upward momentum challenges that could lead to a further price decline.

However, the trading volume shows an optimistic scenario with a 27.00% increase over 24 hours to $241 million, according to CoinMarketCap. The market cap also looks slightly bullish with an impressive jump of 20.23% to $492 million.

Pepe Coin’s price of $0.000001236, though up 3.06% for the day, faces strong resistance at the Fib 0.786 level of $0.000001258. Its support is between $0.000000981 and $0.000001007, and a failure of these levels could see the Pepe Coin price retest lower support at the Fib -0.236 extension level of $0.000000850, near the previous horizontal support on May 3.

Traders should exercise caution and closely watch support and resistance levels to determine the crypto asset’s next move. The path of least resistance appears to be downward for now, and significant support and resistance levels should be closely monitored in the immediate future.

Amid the chaos surrounding Pepe Coin, Launchpad XYZ offers stable ground. The promising web3 crypto startup has reached a key fundraising milestone, racking up $918,000 so far in its presale funding.

Launchpad XYZ is channeling the funds into realizing its vision — an all-inclusive portal to web3 trading. While other cryptocurrencies experience volatility, Launchpad XYZ maintains a steady course.

Visit Launchpad XYZ Now

Significant Milestone Attained by Launchpad XYZ – A New Web3 Trading Hub

Launchpad XYZ is making significant strides in its fundraising efforts with $LPX entering the second stage of its presale after achieving a noteworthy milestone of $918,000.

This is an impressive milestone considering that the project has only been launched a few weeks ago.

The price of $LPX has increased from $0.035 to $0.0445, and once the presale reaches $1.55 million, the price will rise to $0.046.

Launchpad XYZ is working hard to develop a comprehensive web3 platform.

The project’s Whitepaper indicates that it aims to address the notoriously fragmented and challenging web3 space, with the goal of making it more user-friendly and accessible to users.

The platform is being designed to provide users with easy access to the best projects in the cryptocurrency market while also offering the ability to self-custody any asset.

Launchpad XYZ will serve as a fair, curated gateway to the most exciting web3 experiences, ranging from NFTs to play-to-earn crypto games.

The price of $LPX is expected to increase incrementally to $0.0565 through nine subsequent presale stages.

An Access Point to Web3 Trading, Gaming, and Metaverse

Launchpad XYZ plans to offer its users a comprehensive range of tools for trading, investing, and analyzing NFTs, fractionalized assets, utility tokens, and web3 presales through its decentralized exchange and trading terminal.

The anticipation surrounding Launchpad XYZ is growing as it has the potential to provide the tools needed to identify the next 100x Web3 asset.

As an additional benefit, the platform also has an educational section for beginners.

The ‘Alpha’ section will guide new users on factors that impact their potential yield generation from Web3.

An informative newsletter, ‘Trading Edge,’ is available for subscription for more experienced traders and investors.

Launchpad XYZ also plans to include a gateway to the metaverse and play-to-earn web3 gaming for its users.

With Launchpad XYZ’s proprietary web3 wallet, users can immediately take self-custody of their crypto assets.

Launchpad XYZ’s ability to serve as a bridge between Web2 and Web3 is expected to successfully onboard its initial goal of 10 million users.

$LPX Token – The Native Token of the Launchpad XYZ Ecosystem

The $LPX token is a vital component of the Launchpad XYZ ecosystem, serving as its economic cornerstone.

Owners of the token, especially those staking a minimum of 10,000, stand to gain an array of benefits.

These include discounted fees, access to partner discounts, whitelists of NFT mints, presales, beta play-to-earn game launches, and community prestige badges.

As part of their roadmap, the startup has scheduled the launch of some of the main platform features, including the Launchpad Feed, Token and NFT Directory, Metaverse Library, and Gaming Hub, for Q3 2023.

If this comprehensive platform garners substantial user adoption, it could generate significant demand for the native $LPX token.

Visit Launchpad XYZ Now

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Policy

Sam Bankman-Fried Averse to Facing 100-Year Prison Sentence

Bankman-Fried's legal team presented 29 character references in advocating for a lenient sentence, highlighting his p...

Policy

IMF and FSB caution against ineffective blanket crypto bans.

The global standard-setters also highlighted the potential for stablecoins adopted by multiple jurisdictions to enhan...

NFT

McDonald's launches McNuggets Land in The Sandbox.

McDonald's Hong Kong partners with The Sandbox to commemorate the 40th anniversary of its beloved Chicken McNuggets i...

Policy

FTX adjusts cryptocurrency sales plan to appease the U.S. government

The successful crypto exchange plans to liquidate its extensive crypto holdings in order to repay creditors promptly ...

NFT

🌟 NFT Sales Surge: Wrapped Ether Rocks and Bored Ape Yacht Club Climb the Ranks 🚀

Explore the booming revival of Ethereum's NFT market, highlighted by the success of EtherRock and Bored Ape Yacht Clu...

Market

Binance EU users experience fiat withdrawal interruption prior to Paysafe service termination.

Binance receives advanced notice from Paysafe regarding the closure of a limited number of European user accounts bef...