Dogecoin, once the undisputed leader of the memecoin market, is showing signs of an upward price movement exhaustion, after rallying more than 21% in the last 30 days. Despite gaining 6.28% in the past 24 hours and breaking past the $0.21 resistance zone, there’s an ongoing battle between bulls and bears at the $0.23 level.
Analysts tracking the DOGE/USD pair have spotted a weakening support around the $0.20 level, a price mark that, if broken, could trigger a correction on the downside.
Yet, while Dogecoin fights to keep its momentum alongside the rest of the crypto market, a new token, Pepeto, has become the talk of the community with its structured and utility-driven ecosystem. A verified and audited infrastructure, coupled with massive staking rewards could help Pepeto become the next 100x memecoin this crypto summer.
Dogecoin has seen a modest recovery, trading at $0.2121 on July 17 after bouncing from a low of $0.1880. The doge-themed memecoin crossed the $0.2120 and touched highs near $0.2205 before shedding some of its short-term gains.
According to TradingView, the coin is changing hands above the 100-hourly simple moving average, with price support forming around $0.2060. Technical indicators show a shaky uptrend, but the risk of downside persists if bulls fail to protect the support level.
Dogecoin’s market cap is roughly $31.8 billion, and its 24-hour trading volume is $3.36 billion. Without any price catalysts or infrastructure upgrades, DOGE may continue to rely on trading volume and has no guaranteed growth in the long term.
Pepeto is introducing functional value to the meme coin market, something that tokens like DOGE, SHIB, and PEPE have failed to do. According to its whitepaper, Pepeto stands for Power, Energy, Precision, Efficiency, Technology, and Optimization. These six pillars are baked directly into its development roadmap and will guide investors towards a project that is more than its price.
Already, 31 trillion Pepeto tokens, roughly 7% of the total supply, have been staked. Stakers are set to receive an estimated 269% annual return, equivalent to about 22% monthly. The project’s staking rewards are distributed at a fixed rate of 32,015,981.73 PEPETO per Ethereum block and are scheduled to roll out over two years.
On July 15, Pepeto’s official X account confirmed that the project’s website is “smoother, stronger, and fully ready for what’s next.” That update is against the backdrop of news that the Pepeto team had completed additional audits, finalized a bridge and exchange demo, and received approval for its licensing. Auditors have issued a full verification of the team’s business operations and documentation, and Pepeto’s ecosystem has been confirmed as 100% legitimate.
Phase Two of the exchange listing application is now underway. PepetoSwap, Pepeto Bridge, and a multichain app are in the final stages of development.
The comparison between Pepeto and Dogecoin may seem lopsided at first. After all, DOGE enjoys nearly a decade of community growth and engagement. However, when evaluating technical execution, utility, and investor incentives, Pepeto is outperforming expectations.
Its staking system earns investors real yield, its ecosystem has been audited and licensed, and it’s still in presale with a low entry point of $0.000000141 per token. So far, the presale has raised over $5.56 million.
Secure your tokens now during the presale and be part of the project that could define the next chapter in crypto history. Visit Pepeto.io to participate in the presale and start staking today.
Pepeto is a cutting-edge cryptocurrency project blending the playful spirit of memecoins with a powerful utility-driven ecosystem. It features a zero-fee exchange, a cross-chain bridge for seamless swaps, and staking rewards designed to support the next generation of tokens.
Media links
Website: https://pepeto.io/
X (Twitter): https://x.com/Pepetocoin
YouTube Channel: https://www.youtube.com/@Pepetocoin
Telegram Channel: https://t.me/pepeto_channel
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TikTok: https://www.tiktok.com/@pepetocoin