Top 5 Pepe Coin Rivals to Buy to Turn $1000 to $100K Before May

The crypto market remains volatile, with the Pepe coin price crashing by over 75% from its highest level in December last year. This decline is happening as recession risks rise and the crypto fear and greed index remains in the red. Even so, the falling US inflation and the potential for Federal Reserve rate cuts may boost some Pepe Coin rivals like Terra Luna Classic (LUNC), Binance Coin (BNB), IOTA (IOTA), Ripple (XRP), and Algorand (ALGO).

Best Pepe Coin Rivals to Buy to Turn $1K to $100K

The best Pepe rivals to buy for big gains should have good fundamentals and technicals. These tokens like LUNC, BNB, IOTA, XRP, and ALGO have both.

Terra Luna Classic (LUNC)

LUNC is a good Pepe coin rival to buy because of its fundamentals and technicals. Fundamentally, the network is burning millions of coins each week, reducing the number of tokens in circulation. 

Technically, on the weekly chart, the coin has found a strong bottom at $0.000053, where it has failed to move below since September 2023. That is a sign that it has formed a triple-bottom, pointing to a strong bullish breakout. A move to the neckline at $0.0001798 points to a near 200% surge.

Binance Coin (BNB)

BNB price is one of the top Pepe coin rivals because of the upcoming Pascal upgrade and its growing market share in the DEX industry. 

Technically, BNB has formed a cup and handle pattern, the depth of which is about 71%. Measuring this distance from the upper side would point to more gains to $1,142.

IOTA (IOTA)

IOTA is also one of the top Pepe coin rivals to buy for huge gains. The main catalyst is that IOTA will launch its rebased upgrade this month. Rebased will introduce new features, including MoveVM and Ethereum EVM, and staking with between 10% and 15% returns. 

IOTA price has also formed a quadruple bottom and a falling wedge pattern. Therefore, the coin will likely bounce back, and possibly to the neckline at $0.6362, the highest swing in December, which is about 257% above the current level. 

Ripple (XRP)

XRP is also another top Pepe rival to buy because of its fundamentals. First, Ripple may become a big competitor to SWIFT network, which will boost XRP’s utility. Second, there are rising odds of an XRP ETF approval by the Securities and Exchange Commission (SEC). Just this week, Franklin Templeton filed for an XRP ETF approval from the SEC.

Third, there is a likelihood that the SEC will drop the Ripple lawsuit. The only risk for XRP price is that it has formed a head and shoulders pattern.

Algorand (ALGO)

The most bullish case for Algorand as a Pepe coin is that it has formed a quadruple bottom at $0.090. It has also formed a falling wedge pattern on the daily and weekly charts, pointing to an eventual rebound. A move to its 2024 high of $0.6100 would signal a 207% from the current level.

Summary on the Best Pepe Rivals to Buy

There are many crypto tokens to buy now that the Pepe coin price has plunged by over 70%. These five ones, Algorand, XRP, LUNC, IOTA, and BNB are good options to buy. Other notable coins are Dogecoin, Floki, and Bonk are good alternatives.

The post Top 5 Pepe Coin Rivals to Buy to Turn $1000 to $100K Before May appeared first on CoinGape.