Pepe Price Prediction: Trading Volume Crashes 90% – Is PEPE Going to $0?
Main Idea
PEPE's trading volume has significantly dropped, raising concerns about its future price stability and potential decline.
Key Points
1. PEPE's trading volume has plunged 90%, from $2.2 billion on July 18 to $600 million recently.
2. Open interest in PEPE’s futures has also dropped dramatically, from a record $1 billion on July 22.
3. PEPE's price has dropped by 7.95% in the past 7 days, with 30-day gains at just 2.8%.
4. A bearish prediction suggests PEPE could drop to $0.0000090 if it breaks below $0.000010.
5. Best Wallet (BEST) is highlighted as an emerging alternative, offering multichain support and low fees for swaps.
Description
Pepe (PEPE) has seen its trading volume collapse in recent days, as the third-largest meme coin by market cap struggles under sustained bearish pressure. This sharp cooldown adds weight to a bearish PEPE price prediction , but the real question is, how much further could it fall? Data from CoinMarketCap shows that $2.2 billion worth of PEPE exchanged hands on July 18 as the price rose above $0.00001400. Less than a month later, only $400 million worth of the token was traded. As of yesterday, PE...
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