Pepe price is down around 3.5% in the last 24 hours according to data from Coingecko and it is currently trading below $0.0000015. This wiped out the recent price gains. At a closer look, the price losses of around 15% in the past seven days represent a strong bearish development. The question now increasingly arises as to how an investment case for Pepe Coin with a market capitalization of around $625 million can still be funded – for a meme coin with no real use.
Meanwhile, with the HANKEY coins now position a new meme coin for a parabolic price development. A new shitcoin presale is to start here on Thursday with Mr. Hankey, who initially wants to collect $500,000 in advance. With this small hard cap and manageable market capitalization due to a 40% presale share, the upside seems much higher here. With rumors mounting over the past 24 hours, experts are increasingly taking a look at HANKEY.
So should meme coin traders continue to invest in PEPE in July 2023 or rather Dr. Buy Hankey? In the comparison of PEPE vs. HANKEY, we have devoted ourselves to precisely this question.
PEPE course struck again: danger of crash!
The Pepe price loses around 15% of its value in the last seven days. The breakout from the previous sideways range could not be confirmed in the long term. The Pepe Coin has now returned to the said range with high selling pressure. PEPE is currently at a prominent support. A downtrend line has formed in the short term, which forms a descending triangle together with the horizontal support. Here, a short chance could tend to arise even in the event of a sustained exit. However, this is preferably confirmed with a retest, in the course of which the former support turns into resistance.
While the RSI remains in neutral territory, a death cross of MA50 and MA100 is likely to form on the 4-hour chart in the near future. In the short term, an entry into Pepe Coin is not necessary.
$625 million market cap: can it really work?
At the same time, the Pepe Coin naturally raises the question of whether a market capitalization of over $600 million is justified in the medium term. The price of PEPE is now around 65% below ATH. In the meantime, Pepe, as a new, viral meme coin, has already pumped to around $2 billion. However, the green frog coin has no use whatsoever. This didn’t really harm DOGE & SHIB either. But there are unlikely to be many other meme coins that really have a multi-billion dollar market cap. Preferably, risk-taking and speculative investors – Pepe is only suitable for such investors – could turn to smaller cryptos, where potential hype is just about to come.
Mr. Hankey follows PEPE: Viral hype almost guaranteed
Anyone looking for smaller meme coins and low-cap gems will probably find what they are looking for at Mr. Hankey. Because this is where a new meme coin with viral hype potential is positioned.
South Park is an extremely popular and controversial animated series known for its satirical content and political commentary. This polarizes and spreads – a concept that should be par excellence for meme coins. A standout feature of the show is the creation of memorable characters like Mr. Hankey, an animated Christmas poo. Mr. Hankey has built a significant viral presence due to his unusual character, generating conversation among fans of the show as well as in the digital world at large. Mr. Hankey as a meme coin – that’s the next step.
The pre-sale of the Mr. Hankey Coin (HANKEY) is scheduled to start as early as Thursday at 18:00 UTC or 20:00 CEST, giving investors ample time to learn more about the project. Due to the manageable hard cap of the presale, it is expected to sell out quickly. Rumors suggest that the Mr. Hankey Coin is targeting a hard cap of just $500,000, which means a lot of growth potential compared to PEPE.
The total supply of the coin is 1 billion tokens, of which 40% goes to the community in pre-sale and another 40% for liquidity. This contributes to security and trust. The HANKEY team is fueling interest even before advance sales. Anyone interested can now become part of the community to be the first to know about the pre-sale and the exchange listing.
The conclusion
There is currently increasing uncertainty among investors as to whether the Pepe Coin can recover from its decline. In order to regain the former level with a market cap of one billion, the coin would probably have to make significant progress, for example by opening up new markets. Technically, Pepe is weak and currently lacks the necessary momentum on a fundamental level. Explosive growth has brought tremendous wealth to some investors, but the $2 billion mark turned out to be an insurmountable obstacle. A rapid downward trend followed, which of course is not linear.
In a dynamic and fast-moving environment, investors have no time to lose. If you are late, you pay into the market. In order to discover the next PEPE, quick action is required. The new shitcoin, Mr. Hankey Coin (HANKEY), is already causing a stir before the start of the presale. Due to the high liquidity, low market capitalization and viral nature, price developments of 10-100x for HANKEY seem possible.
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