How High Will The Pepe Price Go? Pepe Keeps Pumping as Meme Kombat is Backed to Explode

It’s been an excellent week for Pepe (PEPE) holders, with the token’s price up 93% since last Thursday.

Given PEPE’s sharp rise, investors and analysts are now debating how high the token can go before the end of 2023.

Meanwhile, fellow meme coin Meme Kombat (MK) is continuing to turn heads during its presale phase – and is also being backed for a price pump once it makes its exchange debut.

Pepe Price Surges to 2-Month High After Bounce from Support

Pepe Coin’s price is now hovering around the $0.0000012 level, which is the highest it has been since August 16.

This remarkable surge occurred after PEPE bounced from support to around $0.000000625 on October 19.

Since rejecting that level, PEPE has closed green in five of the last six days and easily breached its 50-day Exponential Moving Average (EMA).

Spot trading volumes are also up by over 80%, hitting $494 million per day – making PEPE the second most-traded meme coin globally.

The coin has even topped CoinMarketCap’s list of trending cryptocurrencies, ahead of market stalwarts like Bitcoin, Chainlink, and Solana.

PEPE’s ability to bounce back from its recent woes has surprised most investors, given that the coin’s price had been stuck in a downtrend since early July.

Some pundits had even declared that PEPE was “dead” – yet this remarkable turnaround proves massive demand for the coin still exists.

PEPE Faces Uphill Battle to Sustain Enormous Price Rally

Given the nature of PEPE’s surprise surge, holders are now pondering how high the token’s price can go.

From a technical perspective, the next major resistance zone is around $0.00000145, representing a further 19% push from today’s price.

If PEPE can close past that zone with a bullish daily candle, there’s a clear path back to July’s highs.

Moreover, PEPE’s developers recently carried out a significant token burn to reduce the circulating supply, destroying 6.9 trillion tokens worth around $5.5 million.

This burn reduced the total supply by 1.6%, which could put more upward pressure on price if demand remains constant.

However, as with any meme coin, PEPE still has risks, such as the fleeting nature of investor hype and the lack of long-term utility.

So, while the short-term outlook may look promising, it’ll be challenging for PEPE to continue this run back to all-time highs – yet holders will be enjoying it while it lasts.

Could Meme Kombat be the Next Token to Pump? Presale Rides Viral Hype & Raises $730,000 Ahead of DEX Listings

As Pepe Coin rides the latest meme coin hype wave, another newcomer called Meme Kombat (MK) looks primed to capitalize on surging interest in the space.

Meme Kombat brings together two of crypto’s hottest trends, meme coins, and Play-to-Earn (P2E) gaming, to offer a unique experience.

The platform lets users gamble MK tokens on AI-powered battles between popular meme coin mascots, with the winners obtaining large payouts.

On top of that, MK holders can pledge their tokens to the staking pool and earn 112% APY.

This viral concept has drawn significant attention to Meme Kombat’s ongoing presale, which has now raised over $730,000.

Early investors can buy MK tokens through this presale for just $0.1667 – although since it has a stage-based approach, this price is only available for another seven days.

Adding to Meme Kombat’s appeal is that the team is fully doxxed and led by Matt Whiteman, who has extensive experience in the Web3 space.

Meme Kombat has also been audited by Coinsult, ensuring that the project’s smart contracts are free from issues.

These elements combine to set Meme Kombat apart from the hundreds of no-utility coins that flood the meme coin sector each week – which is why many early investors are backing MK to 10x once listed on exchanges later this year.

Visit Meme Kombat Presale

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