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Experts: Pepe Price Bottom Is In, New Meme Coin MK One to Watch With Doxxed Team

Press Releases Crypto News BeInCrypto Experts: Pepe Price Bottom Is In, New Meme Coin MK One to Watch With Doxxed Team

After a brutal bear market earlier this year that saw Pepe’s (PEPE) price crash by over 86% from its all-time high, many experts now believe the bottom is in, and a recovery is underway.

Some of the most followed traders are calling for PEPE to return to May’s high in the months ahead as demand and anticipation grow.

While PEPE leads the meme coin market rebound, a new token called Meme Kombat (MK), with a doxxed team and an ambitious roadmap that has caught the attention of investors.

Pepe Multisig Wallet Scandal Destroys Investor Confidence

PEPE’s price surge throughout April and May took the crypto market by storm, with the coin eventually hitting an all-time high of $0.00000134.

However, profit-taking immediately occurred after this high, and PEPE’s price fell sharply in the following months.

The fact that the coin has no real use case didn’t help matters, and as investor sentiment turned sour, PEPE continued to plummet.

This negativity towards PEPE was enhanced when, in August, the required number of signatures to approve transfers from the developers’ multisig wallet was mysteriously reduced from five to two.

Shortly after, around 16 trillion PEPE, worth over $15 million at the time, was transferred to exchanges – sparking fears of a rug pull.

Although the developers denied these allegations, trust in the project was shaken and has never fully recovered.

By late September, PEPE was trading at just $0.00000060.

Signs Emerge That Pepe Has Bottomed Out

While the multi-sig wallet fiasco severely damaged trust in the project, there are signs that PEPE may have bottomed out and is being primed for a full recovery.

PEPE has surged in recent weeks after trading sideways throughout most of September and early October, now hovering around $0.0000012.

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Author: BeInCrypto Team

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