Memecoins
Pepe price rises 15%; Traders urge WienerAI memecoin to explode
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Pepe (PEPE) is up almost 15% over the past day after an expected rebound from its $0.0000062 support level.
It is trading at around $0.0000079 at the time of writing and has continued its expected uptrend after breaking out of an uptrend on the daily chart.
As market sentiment turns bullish, many traders looking for the next big coin are now turning to a brand new token called WienerAI. It has already raised over $870,000 during its recently launched presale.
PEPE rebounds by 15% after leaving an uptrend
The PEPE is currently the third largest coin by market capitalizationbehind Dogecoina and Shiba Inu.
The growth of the meme token has been massive, especially over the last 3 months. TradingView data showed that PEPE has seen a gain of over 792% since February 5.
This rally helped the token reach its ATH on March 14 at nearly $0.0000108. Soon after, the coin experienced a short-lived downtrend and found support at the $0.0000049 level.
PEPE saw a strong rebound from this level and saw great investor enthusiasm after Coinbase announced that it listed the PEPE perpetual contracts in April.
In the meantime, the meme coin has formed a classic bull flag pattern on its daily chart. Such a pattern often indicates the possibility of a breakout in the midst of a strong uptrend.
Popular crypto trader Max Schwartzman recently analyzed PEPE price action and believed the meme token was on a mission to the moon.
This expected breakout paved the way for a 15% rally in PEPE over the past day, as the price rebounded from the pattern’s upper base.
Data from IntoTheBlock reaffirmed the bullish trend and showed that 75% of PEPE holders were in profit at the time of publication.
By analyzing PEPE futures market data, Coinglass data showed a massive 32% increase in open interest (OI) over the past day.
The 15% rise over the last day, alongside the rise in OI, showed the great confidence of traders in the future of PEPE. Nevertheless, it is worth noting that trading volumes only increased by 6.5% during this period.
PEPE was trading almost 26% below its ATH at the time of writing. As sentiment towards meme coins has turned bullish, a new trending meme token that is attracting investors’ attention is WienerAI.
Traders think WienerAI could explode next
Many investors are also interested in the burgeoning AI space alongside meme coins. WienerAI (WAI) is one such meme token that combines the potential of meme coins with AI.
The project’s mascot is an AI robot dog named WienerAI. The story is about a mad scientist called “The Architect” who created WienerAI in 2132.
Early buyers can purchase WAI for just $0.000703 at the time of writing. However, this price will increase in the next round, which will start in 2 days.
The platform has a very rewarding staking mechanism for pre-sale investors. It offers a staking APY of over 1,000% at the time of publication.
With more than 980 million tokens already staked, it is obvious that investors have confidence in the project.
According to WienerAI’s white paper, its supply cap is 69 billion tokens. 30% of these tokens are available in the pre-sale phase so buyers can grab them at a low price.
To add to the excitement, many crypto analysts are excited about this meme token. In a recent YouTube video, popular crypto analyst Jacob Bury highlighted how Wiener could offer 100x gains to early buyers.
Jacob highlighted how first-time buyers can take advantage of WienerAI’s high-stakes APY before it drops.
To find out more about this project, visit the WienerAI presale site or join the community via Telegram | Twitter
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