PeiPei Price Prediction 2024: PEIPEI Price Increase Likely as Meme Coin Sector Grows

Key Takeaways

• PeiPei launched its PEIPEI token in June 2024.
• Since its launch, PEIPEI gained strength before falling from a July high.
• One PeiPei price prediction says PEIPEI could reach $0.0000003 in 2024.
• Interested in buying or selling PEIPEI coin? Read our review of the best exchanges to buy and sell PEIPEI.

PEIPEI token combines the popular Pepe meme with elements of PEPE culture, creating a blend that claims to “honor tradition” while looking toward the future.

Launched in early June, the token’s price peaked in July but is currently in a downturn.

By Oct. 10, 2024, PEIPEI was worth about $0.0000001355.

Let’s examine our PeiPei (PEIPEI) price predictions, made on Oct. 10, 2024. We will also examine the PeiPei price history and discuss what PeiPei is and does.

PeiPei Price Prediction

Let’s examine some PeiPei price predictions CCN made on Oct. 10, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.

The most likely wave count suggests PEIPEI started and completed a five-wave increase in September.

If so, it completes an A-B-C corrective structure that could end near the ascending support trend line at $0.000000120.

After the correction is over, PEIPEI could begin another increase. If it has the same duration and magnitude as the current one, PEIPEI can reach a high of $0.000000249 in November.

Since we do not know if the increase is an A-B-C structure or a five-wave upward movement, we will use this as the PEIPEI prediction for the end of 2024.

Because the PEIPEI price history started in June, we cannot confidently predict the price at the end of 2025 or 2030.

PEIPEI Price Prediction 2024

Our PEIPEI price prediction for 2024 says it could trade anywhere between $0.0000002 and $0.0000003 by the end of the year. 

PEIPEI Price Analysis

The PEIPEI price has fallen since its all-time high in July. The decline has been swift, culminating with a low of $0.000000096 on Sept. 7. 

PEPEI started upward afterward, briefly reclaiming the $0.000000173 horizontal resistance area. However, that proved to be a deviation (black circle), since PEIPEI fell below the area shortly afterward. 

Since the breakdown, the price has struggled to find support, nearing an ascending support trend line at $0.00000012. 

The trendline has existed since June, so a breakdown below it could cause a decline to a new all-time low.

Technical indicators in the daily time frame paint a bearish picture. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are falling and are below their bullish thresholds at 50 and 0, respectively.

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Short-Term PEIPEI Price Prediction

The PEIPEI price prediction for the next 24 hours suggests that a gradual decline toward the ascending support trend line is likely. 

After it reaches it, a bounce could occur.

PeiPei Average True Range (ATR): PEIPEI Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.

Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.

On Oct. 10, 2024, PeiPei’s ATR was 0.000000002, suggesting relatively low volatility.

PeiPei Relative Strength Index (RSI): Is PEIPEI Overbought or Oversold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish.

On Oct. 10, 2024, the PeiPei RSI was at 48, indicating a slightly bearish sentiment.

PeiPei Price Performance Comparisons

PeiPei Price History

Following that, let’s now take a look at some of the key dates in the PeiPei price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a PeiPei price prediction.

PeiPei Market Cap

The market capitalization, or market cap, is the sum of the total number of PEIPEI in circulation multiplied by its price.

On Oct. 10, 2024, PeiPei’s market cap was about $55.4 million, making it the 518th-largest crypto by that metric.

Who Owns the Most PEIPEI?

On Oct. 10, 2024, a wallet linked to the MEXC exchange held more than 4.75% of PEIPEI’s supply.

Richest PEIPEI Wallet Addresses

As of Oct. 10, 2024, the five wallets with the most PeiPei were

• 0x3cc936b795a188f0e246cbb2d74c5bd190aecf18. This wallet, listed as MEXC Global, held 20,017,152,536,060 PEIPEI, or 4.76% of the supply.
• 0x6cdf94520d00ef13b9b56f3815107b9529b8957b. This wallet held 15,507,985,573,320 PEIPEI, or 3.69% of the supply.
• 0xc55d386d59259198dab4eb42093ea211157c536d. This wallet held 8,633,783,671,219 PEIPEI, or 2.05% of the supply.
• 0xbf16540c857b4e32ce6c37d2f7725c8eec869b8b. This wallet held 8,378,131,736,480 PEIPEI, or 1.99% of the supply.
• 0x9ba831f068ea0bd605071e83377589a6249fba81. This wallet held 8,079,215,219,876 PEIPEI, or 1.92% of the supply.

PeiPei Supply and Distribution

From the PeiPei Whitepaper

Pei Pei hasn’t yet published a whitepaper.

PeiPei (PEIPEI) Explained

On its website, PeiPei said it “is not merely a digital asset; it reflects the collective spirit and resilience of its community. The token is founded on principles of friendship and collaboration, offering a distinctive approach in the competitive and volatile crypto market.”

Each interaction with PeiPei aims to improve its agility and market presence, and its community members’ active involvement supports this.

How PEIPEI Works

PEIPEI has no association with Matt Furie or his creation Pepe the Frog. This token is simply paying homage to a meme.

PEIPEI is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap, and the coin is completely useless and for entertainment purposes only.

Is PeiPei a Good Investment?

It is hard to say at this stage. PEIPEI is still finding its feet in the crypto world, so caution is advised. We don’t know where its natural price point is, so caution is advised. It is also worth pointing out that it has no technical documentation, or whitepaper, so investors may well want to look elsewhere. 

As always with crypto, you should do your own research before deciding whether or not to invest in PEIPEI.

Will PeiPei go up or down?

No one can really tell right now. While the PeiPei crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can and do go down and up. 

Should I invest in PeiPei?

Before you decide whether or not to invest in PeiPei, you will have to do your own research, not only on PEIPEI but on other related coins and tokens such as PEPE or FLOKI. Either way, you will also need to ensure you never invest more money than you can afford to lose.

Technical analysis by Valdrin Tahiri.

Read More: Shiba Inu Price Prediction 2025: SHIB Price Aims for Top Meme Coin Spot

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