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PepeCoin was the hottest meme coin on the market in April. But a few weeks after the hype drove a 6,000% gain in $PEPE, the token is largely trading sideways.
While there’s always a chance that $PEPE could see a resurgence, many traders have moved on. So, this could be the end for $PEPE.
Traders are still finding plenty of opportunities in the meme coin market, however. In the past few days, a new token, $COPIUM, exploded 700% within hours of listing. Meanwhile AiDoge, a token that combines meme potential and AI, has raised more than $11.5 million in an ongoing crypto presale.
$PEPE Down 62% from High, Trading Volume Falling
$PEPE was one of the first meme coins not based on the shiba inu meme to really break through with crypto traders. The Pepe the Frog-themed token soared more than 6,000% from its ICO, eventually listing on major exchanges like Binance and OKX.
However, $PEPE had no utility to back up its meme popularity, and the token fell sharply once traders began to lose interest. The token hit an all-time high of $0.0000042 on May 5, but has since fallen to $0.0000015—a decline of 62%.
For the past week, $PEPE has been trading sideways on relatively low volume of around $210 million. At its peak, the token saw nearly $3 billion in trading volume.
$PEPE remains the third-largest meme coin by market cap according to CoinMarketCap. However, it now commands a market cap of only $615 million, down from $1.65 billion.
$PEPE Price Prediction: Continued Decline to $0.000001
Looking beyond price action, the environment around PepeCoin appears grim. Multiple crypto influencers have called $PEPE “doomed” and the number of Pepe memes on crypto Twitter has declined sharply.
It appears that traders have moved onto the next big meme, leaving $PEPE in a slow decline without much hope for a reversal. Since $PEPE has already listed on all of the world’s biggest exchanges, it’s unlikely that there are any upcoming catalysts that could turn the current price trend around.
With that in mind, we predict a price of $0.000001 for $PEPE by the end of the year. That’s a further drop of 33% from the current price and represents a price level where $PEPE has strong support.
$COPIUM Jumps 700% on Launch, Up 35% in Last 24 Hours
While $PEPE is fading, other meme coins are emerging to fill traders’ demand for fun, frivolous, and profitable tokens.
One of the most successful is $COPIUM, a meme token aimed at traders who missed the $PEPE pump or were left holding the bag when $PEPE’s price fell. The team behind Copium describes the project as “here to prove that laughter can, indeed, make you rich, even if you bought the top.”
$COPIUM has the support of numerous crypto influencers, including Faze Banks (2.8 million Twitter followers), DeeZee (250k followers), Cozomo de’ Medici (289k followers), and foobar (130k followers). One analyst has predicted that $COPIUM could be the next meme token to 1,000x.
$COPIUM held an exclusive, limited presale with only 200 investors before heading to an ICO on Uniswap. Upon listing, the token jumped more than 700% in just a few hours. While the price has since retreated from its all-time high, $COPIUM is still up 185% from launch.
$COPIUM was built to pump and includes a few unique features that deliver a fair launch for traders.
First, presale investors saw only 10% of their tokens unlocked prior to the token’s launch. The remaining 90% will be unlocked linearly over the first three weeks of $COPIUM trading.
In addition, $COPIUM is holding an airdrop for its top 200 token holders, measured two hours after launch. To maximize their airdrop reward, these token holders must buy and hold $COPIUM for two weeks.
The net effect of these measures is that a large portion of the $COPIUM supply is effectively locked up for several weeks. So, traders can pile into $COPIUM with relative confidence that they won’t be left holding the bag.
$COPIUM now appears to be readying to make another move higher. It’s gained 35% in the last 24 hours, earning a market cap of $5.7 million according to DEXScreener.
Traders can buy $COPIUM on Uniswap v3 at contract address 0x36520f6336490088c2455279C59CEFaC66984b36.
AiDoge Presale Raises More than $11.5 Million, Closes in on Launch
AiDoge is another up-and-coming meme coin that traders are excited about. The project, which merges memes and AI, has already raised more than $11.5 million through its crypto presale and is rapidly approaching a much-anticipated ICO.
AiDoge is leveraging generative AI to help users create viral memes in seconds. Users just need to describe the meme they want to create, and the AI will generate an image and text.
Users can mint their new memes as NFTs and then share them with the world. The whole process takes less than a minute and doesn’t require any graphic design skills. It’s a serious game-changer for meme creation.
In order to create memes with AiDoge.com, users will need the project’s native ERC-20 token, $AI. $AI can be used to purchase credits to generate memes. Alternatively, users who stake $AI will earn daily rewards in the form of credits.
This staking system provides strong incentive for users to hold $AI for the long term and create as many memes as they want with AiDoge. The more memes that users create with the platform, the more word about its capabilities will get around and attract potential new users.
$AI is available at a discounted price during the AiDoge presale, but investors need to hurry if they want to get their hands on it before trading starts. The presale is now more than 75% sold out.
DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article.
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