Crypto Blog
Pepe is now trading 82% below its all-time high, leaving investors wondering whether the coin can ever regain any bullish momentum.
This bearish momentum has stemmed from PEPE’s rejection of the 50-day Exponential Moving Average as resistance on October 2, prompting the token to shed over 30% of its value. With no real-world utility to speak of, PEPE looks poised for further declines – with ChatGPT predicting it could drop below its current price level if sentiment remains negative.
Clearly, ChatGPT is skeptical about PEPE’s ability to rebound from its current challenges, suggesting it could be a tough road ahead for investors.While ChatGPT is bearish on PEPE’s prospects, the AI model is more optimistic about several low-cap meme coins gaining ground. Users can stake their MK tokens and bet on AI-powered battles between famous meme characters, with the chance to earn high payouts.This presale has already been a hit with investors, raising almost $500,000 in just three weeks.
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