Drift Protocol Price Prediction: DRIFT Soars 63% In A Week, But Analysts Say This PEPE 2.0. Could Go Parabolic
The Drift price surged 21% in the last 24 hours to trade at $0.6948 as of 3 a.m. EST on trading volume that skyrocketed 75% to $57.6 million.
DRIFT has soared 63% in the past week and 108% in a month, driven in large part by the introduction of the first capital-efficient prediction market called BET, which went live on DRIFT.
BET on DRIFT called the prediction markets the next frontier for the DeFi sector, merging trading with real-world outcomes. Other than that, the Coinbase Wallet also introduced Drift to its community, presenting it as a unified platform for borrowing, lending, spot trading, prediction markets, and more.
DRIFT Price Prediction
The DRIFT price boost brought the token to the resistance at $0.70, but traders want to know whether it will be able to breach this barrier, or if its price will be rejected. According to the project’s technical indicators, chances are good that DRIFT will go beyond the $0.70 mark.
Its Bollinger bands have started seeing a sharp widening, with the price pushing the upper band, which is a very bullish signal. The traders remain optimistic and are willing to buy even at the token’s current value, so the demand continues to drive that value further.
Meanwhile, the project’s Relative Strength Index (RSI) value has been climbing from the neutral zone toward the overbought area. While this would typically be a bearish signal that would suggest that DRIFT is ready for a correction, there is actually a little extra room for growth — just enough for DRIFT to go past the $0.70 resistance, and perhaps secure a new support.
As of the time of writing, the RSI value sits at 64.62, but traders who use this technical indicator in their trading decisions will likely wait for it to hit 70, or perhaps go further up before they make their move.
Promising Alternative to DRIFT
With the DRIFT price currently unable to breach the $0.70 barrier, many assume that the token has reached its limit, and that it might be too late to buy it now.
Fortunately, there are alternatives that have yet to see their price skyrocket and they include the blockbuster presale Pepe Unchained (PEPU) .
Pepe Unchained is a new alternative to the popular Pepe token — one that views itself as a more advanced version than the original.
This comes from the fact that Pepe Unchained is the first, and currently only Pepe-inspired meme coin to have its own blockchain. It was created on a Layer-2 chain launched on top of Ethereum’s network, which grants it numerous advantages over the original Pepe, as well as other Pepe-inspired meme coins.
The old Pepe was based on Ethereum’s network, where it still runs as an ERC-20 token, and as such, it is limited by Ethereum’s technology.
While the ETH chain has been the place where pretty much every new crypto trend and technology were invented, it is a slow chain, with high transaction fees and it lacks the ability to scale.
These problems are the same for ETH and PEPE alike, but as a project with its own chain, PEPU does not have such issues.
Instead, its speed, scalability, and low cost are its greatest advantages over the original Pepe, as well as other competitors.
Its advantages attracted investors and allowed the PEPU presale to raise over $13 million, while the popular crypto YouTuber ClayBro, with more than 130k subscribers, recently speculated that the token would bring huge gains upon launch.
Right now, the token is available for $0.009651 apiece, and it can be bought with ETH, USDT, BNB, or credit/debit cards. Act soon if you are interested before a price hike in about 5 hours.
Visit PEPU official website.
Related Articles:
- Is It Too Late To Buy WOLF? LandWolf Price Soars 23% As Pepe Unchained Prepares To Breach $13 Million
- LecksMoney Reviews Pepe Unchained Presale With $10.5 Million Raised – Why $PEPU Could Deliver 10X Returns
- Is Vitalik Buterin Backing Pepe Unchained As Scaling Market Heats Up? New Pepe Zooms Past $12.5M In Presale
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ZA Miner Introduces Free Cloud Mining Platform for Bitcoin and Dogecoin
ZA Miner, a UK-based cloud mining provider, has officially launched a new platform to make cryptocurrency mining more accessible to a broader audience.

OSC Warns of Surge in AI-Driven Crypto Scams as Canadian Fraud Losses Climb to $640 Million
According to the Globe and Mail report, the Ontario Securities Commission (OSC) is raising red flags over a sharp rise in cryptocurrency fraud across Canada, as scammers now weaponize artificial intelligence to swindle unsuspecting investors.

Arkansas City Planning Commission Rejects Crypto Mining Proposal Amid Strong Community Backlash
The Vilonia Planning Commission has unanimously turned down a proposed cryptocurrency mining facility within city limits, following weeks of vocal opposition from residents.

Bitcoin Climbs to $94,000 Driving Market Above $3 Trillion

Trending news
MoreCrypto prices
More








