The recent 27% growth of Pepe Coin ($PEPE) has generated speculation regarding the recovery of meme coins. Over the past day, $PEPE surged by 13%, reaching a market capitalization of $3.7 billion.
This growth is attributed to the introduction of the Coinbase Perpetual Futures Contract, stimulating futures buying from institutional players and retail investors. The accumulation of 4.04 trillion $PEPE tokens by whales on May 3rd underscored market sentiment, fostering optimism for the coin's future.
Despite a temporary market correction, Pepe Coin has shown resilience with a value of $0.00000881 and a trading volume of $1.37 billion. It has experienced a 13.48% surge in price in the past day and over 27% in the last week, trading above its 200-day SMA at $0.000003040.
The 14-day RSI for $PEPE stands at 60.57, indicating a neutral status. Continued bullish market sentiment, Pepe crypto yield programs, and investor interest forecast a positive outlook for $PEPE, with a potential year-end price of $0.0000440.
On another note, a new meme coin called Sealana is surfacing in the market, featuring a unique character inspired by popular media. With $177k raised in its presale and 1 $SOL yielding 6,900 $SEAL tokens, Sealana has caught the attention of crypto enthusiasts, potentially emulating the success of tokens like $SLERF, $PEPE, and $DOGE.
For further engagement, interested individuals can participate in the pre-sale of $SEAL tokens and collaborate with the Sealana community to stay informed about project developments.
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