Pepe Price Prediction: Can It Go 10x Higher? Experts Say ALGT Has a Higher Chance
Photo: Algotech
This content is provided by a sponsor
/Algotech/
TLDR
PEPE took a major blow. 20.81% drop in price in the last month.
Algotech outperforms PEPE and BONK due to its solid tokenomics.
Algotech (ALGT) is positioned to give 275% gains on its ongoing presale.
Is It Possible for PEPE to Go Any Higher?
Given its enormous circulating quantity of over 420 trillion tokens, it seems quite unlikely that PEPE Coin would see a 10x gain in price during 2024. The enormous issue is evident when one looks at the volume of this circulating supply. The coin’s market valuation would soar to an astounding $420 trillion in such a case.
To put this in perspective, the whole economy of the globe, estimated to be at $94 trillion, is far smaller than this amount. The possibility that PEPE could have a market value this enormous goes well beyond what is now economically feasible.
Moreover, PEPE is trading in a largely bearish state. Since January 11, PEPE has recorded a steady sequence of lower highs. Also, the decline has caused the meme coin to hit lower lows while forming a descending channel.
Why PEPE and BONK Underperformed
PEPE and BONK, two prominent meme coins, have encountered challenges after they failed to maintain their hype earlier this year. With an unclear roadmap and unfulfilled promises, they raised speculations among their communities.
Despite irregular surges due to PEPE’s memetic power, its value has faced a rapid decline. Its inability to establish a distinct value or purpose is the main reason for its unsustainability. Investors are losing faith in the project, causing it to fall from its current ranking. Pepe Coin lost 20.81% within a month, and moving averages started showing a strong sell market.
Likewise, inadequate projections and unkept promises are the roots of BONK’s poor performance. BONK, which enjoyed a short-term price boom, owes a large portion of its rise to its association with Solana. Although BONK promised a steady burn rate, it hasn’t met this promise since January, disappointing its community and casting doubt on its solid deflationary position.
Experts Favor Algotech after Its Successful Private Seed Sale of $1.1 Million
With the uncertainty surrounding PEPE and BONK, investors are looking towards other stable projects for their investments. Algotech (ALGT) had emerged as the perfect avenue for investors after a positive reception by investors. The project has recently concluded its private seed round with over $1.1 Million raised and is expected to perform even better in presale.
The TradFi platform is expected to grow significantly beyond its current presale price of $0.04, with predictions estimated to reach an all-time high of $0.15 before it gets listed on more exchanges, indicating significant potential earnings of 275%. The deflationary ERC-20 coin ensures continued reinvestment back into development to support growth.
For crypto enthusiasts and DeFi investors, Algotech (ALGT) is the project that offers the most exciting growth prospects. The innovative technology and cutting-edge use cases will continue to become more relevant as demand for advanced trading tools increases.
Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.
