Pepe Coin Price Drops Almost 14% in 7 Days, But Evil Pepe Coin Continues To Surge

The cryptocurrency market has been relatively quiet over the past two weeks, with Bitcoin hovering between the $29,000-$30,000 price range. However, the major tokens are starting to show slightly bearish sentiments, with BTC now down 3.7% in the past seven days.

The negative outlook is most evident in Pepe as the token is down nearly 14% over the past week.

However, while Pepe is struggling, new meme Evil Pepe Coin is showing upward growth, having raised over $650,000 in its pre-sale.

Pepe Coin is struggling as the cryptocurrency market looks forward to the upcoming meeting of the Federal Reserve

The lack of market volatility did not prevent the bears from controlling the direction of Pepe’s price.

The coin has fallen nearly 14% over the past seven days, bringing its total losses since July 14 to more than 27%. Its technical analysis also points to more struggles as TradingView is giving a sell signal for the token on the daily time frame.

Not only is $PEPE underperforming most moving average indicators, but oscillators like MACD have also turned red.

Pepe became a global currency meme phenomenon in April and May of this year as its 10,000% surge turned many small traders into millionaires. An anonymous trader has turned his $273 investment in $PEPE into $13 million in profits.

However, Pepe’s lack of tangible utility prevents the token from breaking its connection with the broader crypto market. It has become very common for whale and money savvy investors to dump their holdings of PEPE dollars during market uncertainty.

Experts believe that the cryptocurrency market is poised for strong price movement in either direction, with the upcoming FOMC meeting on July 26 as the main deciding factor.

With recent inflation data pointing to slowing inflation levels, investors were certainly hoping that the Federal Reserve would stick to its decision to halt further rate hikes.

However, according to CME FedWatch toolthe potential for another 25 basis point rally is very high.

The Fed’s restrictive monetary policy negatively affects the liquidity of the cryptocurrency market, leading to a strong drop in the market value. High-risk assets like Pepe are particularly at risk.

Evil Pepe Presale is turning heads with a token that has already raised $650,000

Despite the struggles of Pepe and other meme coins, new coins continue to enter the cryptocurrency market with bullish sentiment.

Recently announced Evil Pepe coin It got off to a great start in the pre-sale, raising $640,000 in just over a week.

The coin meme narrative has definitely struck a chord with the community as it tells investors to get in touch with their “dark side” and put their trust in the Evil Pepe token.

Investors are lining up to pre-sale as Pepe knockoffs, such as Pepe 2.0 and Saudi Pepe, have shown significant price growth in the recent past.

The token is a true undervalued gem with a pre-fixed price limit of just $1,996,002. However, with 90% of available tokens in the pre-supply itself, investors have a great opportunity to get in early at the fixed price of $0.000333.

The remaining 10% of the token supply is reserved for decentralized exchange liquidity, which will be closed for one month. This prevents the chance of price gouging or post-launch drags.

Investors looking to buy $EVILPEPE token can exchange ETH or USDT tokens for it.

Visit Evil Pepe Presale

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