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🐸 PEPE Coin The First Meme Coin To Trade In Japan: How Will Price.
BITPoint Japan has announced the listing of PEPE coin. This marks the first time a meme coin will be available for trading in Japan.
The October 30 announcement represents a major milestone in the mainstream adoption of meme coins globally.
🔸 Pepe Coin Makes its Entry in Japan
BITPoint Japan is introducing PEPE across three key services: spot trading, lending, and savings.
The exchange is celebrating the listing with promotional campaigns. This includes a purchase campaign offering 100,000 yen worth of PEPE to 10 lucky winners who trade more than 10,000 yen of the token. This campaign runs until November 27th at 3:59 p.m.
Despite this major development, PEPE’s recent market performance has been underwhelming.
🔸 Pepe Coin Fails to Show Momentum
The token has shown negative price movement across multiple timeframes. According to CoinGecko data, PEPE was down 0.2% over 24 hours, 3.2% in the past week, and a substantial 15.1% drop in the last 30 days.
Technical analyst Chris McCrypto notes that while the weekly chart showed promise, recent performance has fallen short of expectations. Key technical indicators present mixed signals:
The MACD has failed to complete a bull cross, while both the stochastic RSI and regular RSI have recently experienced bear crosses.
However, positive factors include the price maintaining position above the breakout trend line and the wave 3 high of 0.0906, as well as recovery above the weekly 20 SMA (bull market support band) at 0.0936.
🔸 Analyst Suggests Potential Breakout for PEPE
Another analyst, CryptoDoc, suggests a potential retest around support levels before a possible breakout, emphasizing PEPE’s tendency for rapid price movements.
The Japanese listing comes at a crucial time for PEPE, as the token struggles to match the performance of both the broader cryptocurrency market and its meme coin peers.
While the BITPoint Japan listing represents a major milestone for adoption.
#PEPE #Pepecoin
BITPoint Japan has announced the listing of PEPE coin. This marks the first time a meme coin will be available for trading in Japan.
The October 30 announcement represents a major milestone in the mainstream adoption of meme coins globally.
🔸 Pepe Coin Makes its Entry in Japan
BITPoint Japan is introducing PEPE across three key services: spot trading, lending, and savings.
The exchange is celebrating the listing with promotional campaigns. This includes a purchase campaign offering 100,000 yen worth of PEPE to 10 lucky winners who trade more than 10,000 yen of the token. This campaign runs until November 27th at 3:59 p.m.
Despite this major development, PEPE’s recent market performance has been underwhelming.
🔸 Pepe Coin Fails to Show Momentum
The token has shown negative price movement across multiple timeframes. According to CoinGecko data, PEPE was down 0.2% over 24 hours, 3.2% in the past week, and a substantial 15.1% drop in the last 30 days.
Technical analyst Chris McCrypto notes that while the weekly chart showed promise, recent performance has fallen short of expectations. Key technical indicators present mixed signals:
The MACD has failed to complete a bull cross, while both the stochastic RSI and regular RSI have recently experienced bear crosses.
However, positive factors include the price maintaining position above the breakout trend line and the wave 3 high of 0.0906, as well as recovery above the weekly 20 SMA (bull market support band) at 0.0936.
🔸 Analyst Suggests Potential Breakout for PEPE
Another analyst, CryptoDoc, suggests a potential retest around support levels before a possible breakout, emphasizing PEPE’s tendency for rapid price movements.
The Japanese listing comes at a crucial time for PEPE, as the token struggles to match the performance of both the broader cryptocurrency market and its meme coin peers.
While the BITPoint Japan listing represents a major milestone for adoption.
#PEPE #Pepecoin
🤔 PEPE Price In Selling Zone: Will It Fall Further Or Rebound Soon?
Since June, the Pepe (PEPE) price has witnessed mild selling on a daily time frame. The PEPE price has been declining due to resistance from a descending trendline.
However, buyers have lost momentum near the trendline and have witnessed selling pressure. The PEPE crypto has dropped to the 200-day exponential moving average (EMA) and formed a bullish candlestick.
Here, RSI did not favor bullish momentum while the price stayed on the 200-day EMA. The further momentum seems uncertain even after a breakdown from a symmetrical triangle. At this point, 200-day EMA is working as a support level.
🔸 Is PEPE Price at a Discount?
A crypto analyst named EXCEL GLOBAL SIGNALS (@excel_global55) shared his analysis on X about PEPE crypto. He claimed that the PEPE price has made a dip and might reverse.
💬 #PEPE 24% downperfect prediction once more— EXCEL GLOBAL SIGNALS 📊
In a 4-H time frame, the PEPE crypto has just tested the last swing low and shown price rejection. Here, buyers have shown involvement, which could lead to a bullish momentum ahead.
🔸 PEPE Price Triggered a Breakdown From Symmetrical Triangle
When writing, the Pepe coin was trading at $0.00000991, which has remained neutral over the past 24 hours. The market capitalization was $3.82 Billion, and the 24-hour trading volume was $432.16 Million.
Buyers have shown interest since September and lifted the price through a trendline. Moreover, the price has triggered a breakdown from the trendline.
The PEPE price has formed a symmetrical triangle pattern on the daily time frame, triggering a breakdown. It could be a bearish sign if the price slips below the 200-day EMA.
Also, sellers may drag the price to the significant support level of $0.00000600. If the PEPE price loses this zone, strong selling can be anticipated.
On the other hand, if the crypto asset price defends the 200-day EMA, a buying signal can be generated.
#Pepecoin
Since June, the Pepe (PEPE) price has witnessed mild selling on a daily time frame. The PEPE price has been declining due to resistance from a descending trendline.
However, buyers have lost momentum near the trendline and have witnessed selling pressure. The PEPE crypto has dropped to the 200-day exponential moving average (EMA) and formed a bullish candlestick.
Here, RSI did not favor bullish momentum while the price stayed on the 200-day EMA. The further momentum seems uncertain even after a breakdown from a symmetrical triangle. At this point, 200-day EMA is working as a support level.
🔸 Is PEPE Price at a Discount?
A crypto analyst named EXCEL GLOBAL SIGNALS (@excel_global55) shared his analysis on X about PEPE crypto. He claimed that the PEPE price has made a dip and might reverse.
💬 #PEPE 24% downperfect prediction once more— EXCEL GLOBAL SIGNALS 📊
In a 4-H time frame, the PEPE crypto has just tested the last swing low and shown price rejection. Here, buyers have shown involvement, which could lead to a bullish momentum ahead.
🔸 PEPE Price Triggered a Breakdown From Symmetrical Triangle
When writing, the Pepe coin was trading at $0.00000991, which has remained neutral over the past 24 hours. The market capitalization was $3.82 Billion, and the 24-hour trading volume was $432.16 Million.
Buyers have shown interest since September and lifted the price through a trendline. Moreover, the price has triggered a breakdown from the trendline.
The PEPE price has formed a symmetrical triangle pattern on the daily time frame, triggering a breakdown. It could be a bearish sign if the price slips below the 200-day EMA.
Also, sellers may drag the price to the significant support level of $0.00000600. If the PEPE price loses this zone, strong selling can be anticipated.
On the other hand, if the crypto asset price defends the 200-day EMA, a buying signal can be generated.
#Pepecoin
🐸 PEPE Price Consolidating, May See Breakout In November
Pepe (PEPE/USDT) is currently trading in a consolidation phase near $0.00000999. The price is down 1.88% for the day, indicating mild bearish sentiment, but it remains above key support at $0.00000980.
According to analysts predictions November could be pivotal, with the potential for a significant breakout if resistance at $0.00001047 is breached.
🔸 PEPE Price Action and Technical Indicators Show Consolidation
PEPE is moving sideways without any good momentum in the direction. Support holds at $0.00000980, and resistance is seen at $0.00001012. The Relative Strength Index (RSI) stands at a neutral 50.93, suggesting a balanced market.
The MACD line is at 0.00000031 below the signal line. This indicates mild selling pressure, but the distance between the two lines is small. Moreover, the consolidation phase has kept PEPE’s price in a narrow range, awaiting a breakout or breakdown.
A rally above the $0.00001012 resistance could spur price beyond the uptrend line, while a downside below $0.00000980 risks triggering further price weakness.
🔸 Potential Breakout Expected in November
Crypto analyst Ivan Labrie says PEPE is about to breakout and he believes it will happen in November. A long-term bullish rally will not commence until it breaks the resistance at $0.00001047. If this level breaks then Labrie projects the price could move up sharply.
#Pepe shows a nice base here, a breakout during November would set the stage for a gigantic rally for 7 months.Weekly trend turned bullish again recently, monthly needs a push next month to break free from resistance here.— Ivan Labrie
If the breakout occurs, Labrie points to two major price targets. Their first target is $0.00004508 a price increase of 450.77%. The second, longer-term goal is $0.00035547, measuring a 3,551.13% increase.
Trading volume is still low, which says the market is still waiting for a significant catalyst. If the breakout occurs in November.
#Pepecoin
Pepe (PEPE/USDT) is currently trading in a consolidation phase near $0.00000999. The price is down 1.88% for the day, indicating mild bearish sentiment, but it remains above key support at $0.00000980.
According to analysts predictions November could be pivotal, with the potential for a significant breakout if resistance at $0.00001047 is breached.
🔸 PEPE Price Action and Technical Indicators Show Consolidation
PEPE is moving sideways without any good momentum in the direction. Support holds at $0.00000980, and resistance is seen at $0.00001012. The Relative Strength Index (RSI) stands at a neutral 50.93, suggesting a balanced market.
The MACD line is at 0.00000031 below the signal line. This indicates mild selling pressure, but the distance between the two lines is small. Moreover, the consolidation phase has kept PEPE’s price in a narrow range, awaiting a breakout or breakdown.
A rally above the $0.00001012 resistance could spur price beyond the uptrend line, while a downside below $0.00000980 risks triggering further price weakness.
🔸 Potential Breakout Expected in November
Crypto analyst Ivan Labrie says PEPE is about to breakout and he believes it will happen in November. A long-term bullish rally will not commence until it breaks the resistance at $0.00001047. If this level breaks then Labrie projects the price could move up sharply.
#Pepe shows a nice base here, a breakout during November would set the stage for a gigantic rally for 7 months.Weekly trend turned bullish again recently, monthly needs a push next month to break free from resistance here.— Ivan Labrie
If the breakout occurs, Labrie points to two major price targets. Their first target is $0.00004508 a price increase of 450.77%. The second, longer-term goal is $0.00035547, measuring a 3,551.13% increase.
Trading volume is still low, which says the market is still waiting for a significant catalyst. If the breakout occurs in November.
#Pepecoin
Pepe Coin (PEPE) Price Shoots 260% In A Week, More Steam Left?
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PEPE Coin Hits Record High: Correction Looms?
Pepe Coin, a meme-based cryptocurrency, has seen a significant surge in its price, jumping by 14%. Trading volume has skyrocketed, increasing by a whopping 266%. Additionally, a prominent investor, often referred to as a “whale” in the crypto world, has reportedly made a profit of $3.6 million from their investment in Pepe Coin.
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These developments indicate growing interest in the meme coin, but also raise concerns about potential volatility in its value.
Pepe Coin (PEPE) Surges to the Top: A Closer Look at Recent Developments
In the past 24 hours, Pepe Coin (PEPE) has experienced an impressive surge of over 14%, surpassing all other leading meme coins in gains over the last two weeks. Currently valued at $0.00001021, PEPE has seen a remarkable 26% increase from its value two weeks ago, establishing itself as the top-performing meme coin during this period.
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Accompanying this significant price increase is a notable uptick in trading volume. In the last 24 hours alone, PEPE’s trading volume soared to $1,680,635,438, marking a staggering 266.40% increase from the previous day. This surge in activity underscores the growing investor interest and market activity surrounding the coin. Remarkably, the current price reflects an astonishing 18,380.81% increase from its all-time low of $0.00000005514, recorded on April 18, 2023.
A prominent investor, known as Pepe Whale, has recently made substantial moves in the market. This whale deposited 250 billion PEPE tokens, valued at $2.67 million, onto the Binance cryptocurrency exchange. Notably, the whale initially acquired 474.95 billion PEPE for just $1,000 and has now realized a significant profit of $3.6 million following the recent deposit.
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PEPE Market Analysis: Navigating Volatility and Momentum
The recent price action in the PEPE market has been characterized by significant volatility. Over the last 24 hours, PEPE has demonstrated a notable uptick in value. Technical indicators point towards bullish momentum, with the Relative Strength Index (RSI) nearing the overbought territory at a current level of 59.30. Furthermore, the Klinger Oscillator’s recent transition from negative to positive reinforces the potential for continued upward movement.
Also Read: Shiba Inu (SHIB) Airdrop Notice: Important Alert
According to CoinGlass data, Open Interest in PEPE has surged by 13.08% to reach $112.33 million. This notable increase indicates a growing level of trader confidence in PEPE’s future performance. However, it’s crucial to note that such a rapid rise in open interest and trading volume may also signal heightened speculative activity, potentially leading to increased volatility and the possibility of corrections.
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In Summary
Pepe Coin has recently shown remarkable performance, with its price and trading volume experiencing a significant surge. The involvement of a large investor, known as a whale, has boosted interest in the coin even more. Despite these positive signs, there’s a possibility of sudden price changes because of increased speculative activity, as shown by the quick growth in open interest and trading volume. Investors are advised to stay cautious and do thorough market research before making any investment decisions.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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#Bitcoin #Ethereum #Memecoins #PEPE #Pepecoin $PEPE $BTC $ETH
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These developments indicate growing interest in the meme coin, but also raise concerns about potential volatility in its value.
Pepe Coin (PEPE) Surges to the Top: A Closer Look at Recent Developments
In the past 24 hours, Pepe Coin (PEPE) has experienced an impressive surge of over 14%, surpassing all other leading meme coins in gains over the last two weeks. Currently valued at $0.00001021, PEPE has seen a remarkable 26% increase from its value two weeks ago, establishing itself as the top-performing meme coin during this period.
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Accompanying this significant price increase is a notable uptick in trading volume. In the last 24 hours alone, PEPE’s trading volume soared to $1,680,635,438, marking a staggering 266.40% increase from the previous day. This surge in activity underscores the growing investor interest and market activity surrounding the coin. Remarkably, the current price reflects an astonishing 18,380.81% increase from its all-time low of $0.00000005514, recorded on April 18, 2023.
A prominent investor, known as Pepe Whale, has recently made substantial moves in the market. This whale deposited 250 billion PEPE tokens, valued at $2.67 million, onto the Binance cryptocurrency exchange. Notably, the whale initially acquired 474.95 billion PEPE for just $1,000 and has now realized a significant profit of $3.6 million following the recent deposit.
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PEPE Market Analysis: Navigating Volatility and Momentum
The recent price action in the PEPE market has been characterized by significant volatility. Over the last 24 hours, PEPE has demonstrated a notable uptick in value. Technical indicators point towards bullish momentum, with the Relative Strength Index (RSI) nearing the overbought territory at a current level of 59.30. Furthermore, the Klinger Oscillator’s recent transition from negative to positive reinforces the potential for continued upward movement.
Also Read: Shiba Inu (SHIB) Airdrop Notice: Important Alert
According to CoinGlass data, Open Interest in PEPE has surged by 13.08% to reach $112.33 million. This notable increase indicates a growing level of trader confidence in PEPE’s future performance. However, it’s crucial to note that such a rapid rise in open interest and trading volume may also signal heightened speculative activity, potentially leading to increased volatility and the possibility of corrections.
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In Summary
Pepe Coin has recently shown remarkable performance, with its price and trading volume experiencing a significant surge. The involvement of a large investor, known as a whale, has boosted interest in the coin even more. Despite these positive signs, there’s a possibility of sudden price changes because of increased speculative activity, as shown by the quick growth in open interest and trading volume. Investors are advised to stay cautious and do thorough market research before making any investment decisions.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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#Bitcoin #Ethereum #Memecoins #PEPE #Pepecoin $PEPE $BTC $ETH
Pepe Coin Leaps 15% Amid Crypto Market Slump
Pepe Coin Leaps 15% Amid Crypto Market Slump
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In defiance of the broader downturn in the cryptocurrency market, meme coins continue to capture attention, with Pepe Coin leading the charge today with a notable surge of over 17%.
This spike, attributed to increased interest from large holders, or whales, underscores the ongoing fascination with meme-based cryptocurrencies.
The global crypto market displayed a sigh of relief as it gained approximately $60 billion in valuation over the past day, countering a recent market correction that had persisted since the beginning of the week.
Further, PEPE Coin remains a wildcard, exhibiting significant price swings that reflect prevailing uncertainty.
Recently, Pepe Coin has shown a bullish pattern. After a period of neutrality, its value skyrocketed by over 700% in March, reaching a high of $0.000010.
#Bitcoin #Ethereum #Crypto #Pepe #Pepecoin $PEPE
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In defiance of the broader downturn in the cryptocurrency market, meme coins continue to capture attention, with Pepe Coin leading the charge today with a notable surge of over 17%.
This spike, attributed to increased interest from large holders, or whales, underscores the ongoing fascination with meme-based cryptocurrencies.
The global crypto market displayed a sigh of relief as it gained approximately $60 billion in valuation over the past day, countering a recent market correction that had persisted since the beginning of the week.
Further, PEPE Coin remains a wildcard, exhibiting significant price swings that reflect prevailing uncertainty.
Recently, Pepe Coin has shown a bullish pattern. After a period of neutrality, its value skyrocketed by over 700% in March, reaching a high of $0.000010.
#Bitcoin #Ethereum #Crypto #Pepe #Pepecoin $PEPE
Trends in Meme Coin Markets Today
Meme coins, such as Dogecoin, have sparked a cultural shift within the crypto sphere. However, Shiba Inu encounters obstacles, notably regarding its enigmatic creator. Market trends reveal notable price fluctuations across prominent meme coins.
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When we explore the history of cryptocurrencies, it’s clear that one category stands out with a unique purpose. Meme coins, led by Dogecoin (DOGE), introduced a playful culture to the crypto and wider world. Since DOGE’s rise, other meme coins have joined the market too. So, what’s going on with the top meme coins in the market?
Shiba Inu Concerns
Shiba Inu (SHIB), often seen as Dogecoin’s main competitor, is currently facing difficulties. Investor worries persist regarding the project’s secretive creator, Shytoshi Kusama. Despite its popularity, SHIB ranks 11th in market size among cryptocurrencies.
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Recently, a prominent supporter of Shiba Inu claimed to possess confidential information about the project’s future. However, due to concerns for the project’s well-being, this information was not disclosed.
Amidst these concerns, attention shifted to SHIB’s price, which mirrored the broader market’s downturn. SHIB experienced nearly a 5% decline, bringing its price down to $0.00002301.
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Furthermore, SHIB’s market volume decreased to $13.5 billion, while its 24-hour trading volume plummeted to $416 million, representing a significant 29% drop.
PEPE Meme Coin Performance
PEPE, the leading frog-themed meme coin and a close follower of DOGE and SHIB, appears to be weathering the storm better than its counterparts despite today’s drop. While it has experienced a decline from its all-time high (ATH), PEPE is currently 25% below this peak level.
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PEPE found support from buyers at $0.000007975 following an approximately 8% drop in the last 24 hours. Despite this, its market volume has dipped below $3.5 billion, and its trading volume has decreased to $700 million after a substantial 27% drop.
FLOKI’s Performance in the Meme Coin Market
FLOKI, a standout cryptocurrency from the previous bull run, was among the meme coins that experienced a decline today. Its price has dropped by 5.88% in the last 24 hours to $0.00001074, indicating that it is currently 50% below its all-time high (ATH).
FLOKI’s market volume currently stands at $1.65 billion. However, its trading volume has decreased by over 40% to just $128 million. This decline in trading volume reflects a notable loss of investor interest in FLOKI at present.
BONK’s Performance in 2023
BONK, hailed as the undisputed star of 2023, faced a significant price drop last March. However, it managed to maintain stability with a slight rise of just over 2% in the last month.
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In the past seven days, BONK recorded a positive rate of 5%, indicating some positive momentum. However, over the last 24 hours, it experienced a nearly 6% drop, bringing its price down to $0.00002391.
Following this recent drop, BONK’s market volume decreased to $1.5 billion. Similarly, like FLOKI, its trading volume also saw a significant 40% decline, reaching $193 million.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Dogecoin #ShibaInu #Bonk #Pepecoin #Wif $WIF $SHIB $PEPE
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When we explore the history of cryptocurrencies, it’s clear that one category stands out with a unique purpose. Meme coins, led by Dogecoin (DOGE), introduced a playful culture to the crypto and wider world. Since DOGE’s rise, other meme coins have joined the market too. So, what’s going on with the top meme coins in the market?
Shiba Inu Concerns
Shiba Inu (SHIB), often seen as Dogecoin’s main competitor, is currently facing difficulties. Investor worries persist regarding the project’s secretive creator, Shytoshi Kusama. Despite its popularity, SHIB ranks 11th in market size among cryptocurrencies.
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Recently, a prominent supporter of Shiba Inu claimed to possess confidential information about the project’s future. However, due to concerns for the project’s well-being, this information was not disclosed.
Amidst these concerns, attention shifted to SHIB’s price, which mirrored the broader market’s downturn. SHIB experienced nearly a 5% decline, bringing its price down to $0.00002301.
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Furthermore, SHIB’s market volume decreased to $13.5 billion, while its 24-hour trading volume plummeted to $416 million, representing a significant 29% drop.
PEPE Meme Coin Performance
PEPE, the leading frog-themed meme coin and a close follower of DOGE and SHIB, appears to be weathering the storm better than its counterparts despite today’s drop. While it has experienced a decline from its all-time high (ATH), PEPE is currently 25% below this peak level.
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PEPE found support from buyers at $0.000007975 following an approximately 8% drop in the last 24 hours. Despite this, its market volume has dipped below $3.5 billion, and its trading volume has decreased to $700 million after a substantial 27% drop.
FLOKI’s Performance in the Meme Coin Market
FLOKI, a standout cryptocurrency from the previous bull run, was among the meme coins that experienced a decline today. Its price has dropped by 5.88% in the last 24 hours to $0.00001074, indicating that it is currently 50% below its all-time high (ATH).
FLOKI’s market volume currently stands at $1.65 billion. However, its trading volume has decreased by over 40% to just $128 million. This decline in trading volume reflects a notable loss of investor interest in FLOKI at present.
BONK’s Performance in 2023
BONK, hailed as the undisputed star of 2023, faced a significant price drop last March. However, it managed to maintain stability with a slight rise of just over 2% in the last month.
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In the past seven days, BONK recorded a positive rate of 5%, indicating some positive momentum. However, over the last 24 hours, it experienced a nearly 6% drop, bringing its price down to $0.00002391.
Following this recent drop, BONK’s market volume decreased to $1.5 billion. Similarly, like FLOKI, its trading volume also saw a significant 40% decline, reaching $193 million.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Dogecoin #ShibaInu #Bonk #Pepecoin #Wif $WIF $SHIB $PEPE
PEPE Coin Faces Potential Dip With Looming Retracement, Analyst Warns
PEPE Coin Faces Potential Dip With Looming Retracement, Analyst Warns
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Crypto analyst warns of potential downturn for Pepe Coin amid market volatility. Analysis reveals indicators signaling retracement, prompting investor vigilance.
HIGHLIGHTS
Analyst issues cautionary warning on Pepe Coin's market trajectory.
Technical analysis reveals indicators pointing towards a potential retracement.
Recent market performance reflects fluctuations, prompting investor scrutiny.
An ominous shadow looms over Pepe Coin’s trajectory as an analyst issues a warning regarding potential risks of a downturn or impending retracement. With a keen eye on technical indicators, the analyst emphasizes the cryptocurrency’s vulnerability, sending a cautionary signal to investors.
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#PEPE #Pepecoin #Memecoin #notcoin #GME $PEPE $SHIB $DOGE
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Crypto analyst warns of potential downturn for Pepe Coin amid market volatility. Analysis reveals indicators signaling retracement, prompting investor vigilance.
HIGHLIGHTS
Analyst issues cautionary warning on Pepe Coin's market trajectory.
Technical analysis reveals indicators pointing towards a potential retracement.
Recent market performance reflects fluctuations, prompting investor scrutiny.
An ominous shadow looms over Pepe Coin’s trajectory as an analyst issues a warning regarding potential risks of a downturn or impending retracement. With a keen eye on technical indicators, the analyst emphasizes the cryptocurrency’s vulnerability, sending a cautionary signal to investors.
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#PEPE #Pepecoin #Memecoin #notcoin #GME $PEPE $SHIB $DOGE
Today’s Crypto Prices: Bitcoin Hits $62K; Ethereum Surpasses $3400;+DOGE- SHIB- PEPE Rally
Bitcoin surged over 9% and held steady above $62,000, while Ethereum reached a new peak, surpassing $3,400. Meme coins like Dogecoin, Shiba Inu, and Pepe Coin also saw significant rallies, buoyed by the positive market mood.
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Today, the top cryptocurrencies experienced a bullish trend with Bitcoin jumping to $62,000 and Ethereum climbing over $3,400. However, some alternative coins faced significant drops. Alongside, other prominent altcoins like XRP, Cardano (ADA), and Solana (SOL) also saw impressive increases in their values.
Crypto Market Sees Strong Gains Across Top Assets
The Bitcoin price continued its upward trajectory, surpassing $62,000 with a 9.24% increase, reaching $62,517.10 by Thursday, February 29. Its trading volume surged by an impressive 124.08% to $90.42 billion within the last 24 hours, while its market cap stood at $1.22 trillion.
Ethereum surged 5.42% to $3,444.36, accompanied by a trading volume spike of 117.50% to $36.90 billion. Meanwhile, Binance Coin (BNB) gained 4.43%, reaching $415.43, with a 24-hour trade volume increase of 69.07% to $2.55 billion.
Solana broke the $120 mark with a 13.18% increase to settle at $123.09, experiencing a surge in trade volume by 187.14% to $6.29 billion. XRP neared the $0.60 level, recording a gain of 1.72% at $0.5912, while its trading volume spiked by 41.95% to $3.34 billion.
Cardano saw a 5.38% increase to $0.6551, accompanied by a significant 110.73% rise in 24-hour trading volume to $1.36 billion.
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In the meme coin arena, Dogecoin surged by 33.12% to $0.1274, while Shiba Inu registered a 20.83% gain, trading at $0.00001318.
Also Read: Top 4 Altcoins for 2024 Bull Run
Meme Coins Experience Dramatic Surges in Value
Pepe Coin (PEPE) Sees Significant Price Increase: Pepe Coin (PEPE), a popular meme cryptocurrency, witnessed a substantial surge in value today. At the time of reporting, the Pepe Coin price surged by 17.03% to $0.000003199, boasting a market valuation of $1.34 billion. Additionally, its 24-hour trade volume soared by 47.10% to $2.06 billion.
Bonk (BONK) Emerges as Top Gainer: Bonk (BONK), a meme coin based on Solana, experienced an extraordinary surge, earning the title of the top gainer in the crypto market today. The Bonk price skyrocketed by 54.71% to $0.00002158, accompanied by a remarkable 150.92% increase in trade volume to $839.29 million. Moreover, Bonk reached a high of $0.00002179 during today’s rally.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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Today, the top cryptocurrencies experienced a bullish trend with Bitcoin jumping to $62,000 and Ethereum climbing over $3,400. However, some alternative coins faced significant drops. Alongside, other prominent altcoins like XRP, Cardano (ADA), and Solana (SOL) also saw impressive increases in their values.
Crypto Market Sees Strong Gains Across Top Assets
The Bitcoin price continued its upward trajectory, surpassing $62,000 with a 9.24% increase, reaching $62,517.10 by Thursday, February 29. Its trading volume surged by an impressive 124.08% to $90.42 billion within the last 24 hours, while its market cap stood at $1.22 trillion.
Ethereum surged 5.42% to $3,444.36, accompanied by a trading volume spike of 117.50% to $36.90 billion. Meanwhile, Binance Coin (BNB) gained 4.43%, reaching $415.43, with a 24-hour trade volume increase of 69.07% to $2.55 billion.
Solana broke the $120 mark with a 13.18% increase to settle at $123.09, experiencing a surge in trade volume by 187.14% to $6.29 billion. XRP neared the $0.60 level, recording a gain of 1.72% at $0.5912, while its trading volume spiked by 41.95% to $3.34 billion.
Cardano saw a 5.38% increase to $0.6551, accompanied by a significant 110.73% rise in 24-hour trading volume to $1.36 billion.
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In the meme coin arena, Dogecoin surged by 33.12% to $0.1274, while Shiba Inu registered a 20.83% gain, trading at $0.00001318.
Also Read: Top 4 Altcoins for 2024 Bull Run
Meme Coins Experience Dramatic Surges in Value
Pepe Coin (PEPE) Sees Significant Price Increase: Pepe Coin (PEPE), a popular meme cryptocurrency, witnessed a substantial surge in value today. At the time of reporting, the Pepe Coin price surged by 17.03% to $0.000003199, boasting a market valuation of $1.34 billion. Additionally, its 24-hour trade volume soared by 47.10% to $2.06 billion.
Bonk (BONK) Emerges as Top Gainer: Bonk (BONK), a meme coin based on Solana, experienced an extraordinary surge, earning the title of the top gainer in the crypto market today. The Bonk price skyrocketed by 54.71% to $0.00002158, accompanied by a remarkable 150.92% increase in trade volume to $839.29 million. Moreover, Bonk reached a high of $0.00002179 during today’s rally.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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PEPE Price Rally Fuels Accumulations: More Gains Ahead?
With PEPE’s price soaring from $0.0000009 to $0.000008 this year, more and more people are collecting Pepe Coins. This suggests that the frog-themed meme token might continue to see even more gains in the future.
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Crypto market investors boosted Pepe coin with a bullish surge, purchasing nearly 650 billion tokens in the last 24 hours. Despite the ongoing bull run, PEPE accumulations have continued to increase. However, the current price of PEPE is experiencing turbulence.
Pepe Coin Accumulations Spark Optimism Amidst Bull Run
Pepe coin accumulations have become a notable trend during this year’s impressive bull run for the frog-themed meme token. Today, on May 11, data from an analytics platform revealed that investors in the crypto market bought a staggering 650 billion PEPE coins, sparking optimism about the future price movements of the meme cryptocurrency.
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Despite initial concerns and expectations for a correction, Pepe coin surged from a low of $0.0000009 to a peak of $0.0000099 in March this year, defying market predictions. However, recent accumulations of PEPE, whether by whales or investors, have reached into the trillions in the past few days, adding an intriguing dimension to the token’s future price trajectory.
Massive Pepe Coin Purchases by Investors
According to data from LookOnChain, investors snapped up 649.16 billion PEPE tokens in the last 24 hours, with four unidentified addresses leading the charge in accumulating significant amounts of Pepe coin from exchanges. One such address, 0xa145, withdrew a whopping 350 billion PEPE, valued at $3.44 million, from Binance, a prominent centralized exchange (CEX).
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This address is known for its proficiency in swing trading and has reportedly earned $2.66 million in profit with the frog-themed meme coin. Additionally, data from Etherscan shows that the address holds 67 different tokens, with Shiba Inu and Pepe coin ranking as the top holdings.
Also Read: Dogecoin (DOGE) Price Looks for 'Golden Cross': Big Rally Coming?
Meanwhile, address 0xa4Fd acquired 123.66 billion PEPE using 1.09 million USDC. At the same time, addresses 0x895f and 0x24E3 purchased 101 billion and 74.5 billion PEPE, respectively.
These significant accumulations during the token’s ongoing upward trend have sparked optimism about PEPE’s potential for further gains. However, PEPE’s price has shown highly turbulent behavior in the past 24 hours.
PEPE Price Fluctuations and Market Sentiment
At the time of writing, PEPE’s price experienced a slight decline of 0.27%, settling at $0.00000867. The token’s chart depicts trading activity in both red and green zones, with 24-hour lows and highs recorded at $0.000008219 and $0.000008906, respectively, indicating a period of sideways trading.
Despite the token’s consolidation, a whale purchased approximately 350 billion PEPE yesterday, as evident from broader charts. This contributes to the positive outlook regarding Pepe coin’s future price movements, highlighting the presence of buying pressure in the market.
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According to Coinglass data, PEPE’s open interest saw a 1.64% increase, reaching $98.81 million, while derivatives volume experienced a slight decrease of 0.32% to $822.18 million. This may contribute to the meme coin’s short-term volatility, but combined with recent massive accumulations and the anticipated post-BTC halving rally, market sentiments remain optimistic about Pepe coin’s long-term prospects.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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Crypto market investors boosted Pepe coin with a bullish surge, purchasing nearly 650 billion tokens in the last 24 hours. Despite the ongoing bull run, PEPE accumulations have continued to increase. However, the current price of PEPE is experiencing turbulence.
Pepe Coin Accumulations Spark Optimism Amidst Bull Run
Pepe coin accumulations have become a notable trend during this year’s impressive bull run for the frog-themed meme token. Today, on May 11, data from an analytics platform revealed that investors in the crypto market bought a staggering 650 billion PEPE coins, sparking optimism about the future price movements of the meme cryptocurrency.
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Despite initial concerns and expectations for a correction, Pepe coin surged from a low of $0.0000009 to a peak of $0.0000099 in March this year, defying market predictions. However, recent accumulations of PEPE, whether by whales or investors, have reached into the trillions in the past few days, adding an intriguing dimension to the token’s future price trajectory.
Massive Pepe Coin Purchases by Investors
According to data from LookOnChain, investors snapped up 649.16 billion PEPE tokens in the last 24 hours, with four unidentified addresses leading the charge in accumulating significant amounts of Pepe coin from exchanges. One such address, 0xa145, withdrew a whopping 350 billion PEPE, valued at $3.44 million, from Binance, a prominent centralized exchange (CEX).
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This address is known for its proficiency in swing trading and has reportedly earned $2.66 million in profit with the frog-themed meme coin. Additionally, data from Etherscan shows that the address holds 67 different tokens, with Shiba Inu and Pepe coin ranking as the top holdings.
Also Read: Dogecoin (DOGE) Price Looks for 'Golden Cross': Big Rally Coming?
Meanwhile, address 0xa4Fd acquired 123.66 billion PEPE using 1.09 million USDC. At the same time, addresses 0x895f and 0x24E3 purchased 101 billion and 74.5 billion PEPE, respectively.
These significant accumulations during the token’s ongoing upward trend have sparked optimism about PEPE’s potential for further gains. However, PEPE’s price has shown highly turbulent behavior in the past 24 hours.
PEPE Price Fluctuations and Market Sentiment
At the time of writing, PEPE’s price experienced a slight decline of 0.27%, settling at $0.00000867. The token’s chart depicts trading activity in both red and green zones, with 24-hour lows and highs recorded at $0.000008219 and $0.000008906, respectively, indicating a period of sideways trading.
Despite the token’s consolidation, a whale purchased approximately 350 billion PEPE yesterday, as evident from broader charts. This contributes to the positive outlook regarding Pepe coin’s future price movements, highlighting the presence of buying pressure in the market.
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According to Coinglass data, PEPE’s open interest saw a 1.64% increase, reaching $98.81 million, while derivatives volume experienced a slight decrease of 0.32% to $822.18 million. This may contribute to the meme coin’s short-term volatility, but combined with recent massive accumulations and the anticipated post-BTC halving rally, market sentiments remain optimistic about Pepe coin’s long-term prospects.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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PEPE Whales Suggest Possible 27% Price Increase
PEPE’s price is poised for a potential 27% surge to $0.0000100, rebounding from a key support level. Recent whale activity, characterized by significant dumping over the past week, historically signals an upcoming rally. Approximately $623 million worth of PEPE stands on the brink of profitability, likely motivating investors to refrain from selling.
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In recent days, the price of PEPE has dropped, but this could actually be setting the stage for a comeback. Interestingly, whales, or large investors, are acting in ways that match up with past patterns, adding to the possibility of a positive turn.
Optimism Surrounds PEPE as Whales Sell and Profits Loom
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PEPE’s price is heavily influenced by whale addresses, which hold a significant amount of the coin. Typically, when whales start selling, it’s viewed as a negative sign, indicating a lack of confidence in the asset.
However, for PEPE, the situation is different. Over the last five days, the supply held by the top non-exchange addresses has decreased by 2.5 trillion PEPE, valued at nearly $20 million. This decline suggests optimism among investors.
Historically, when PEPE whales sell, it’s often followed by a sharp price increase. The larger the selling, the greater the rally. Given that whales are already selling, a similar scenario is anticipated this time.
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PEPE Whale Holdings. Source: Santiment
This decrease in supply is the initial indication that a rally could be on the horizon. Additionally, many PEPE holders are on the verge of making profits. A significant amount of PEPE, totaling over 79 trillion and valued at $623 million, was purchased at prices ranging from $0.0000070 to $0.0000099. Once PEPE reaches a new all-time high, these holdings will become profitable.
Dogecoin Supply Distribution. Source: IntoTheBlock
With such a substantial amount of supply awaiting profitability, investors are likely to refrain from selling, thereby boosting the PEPE price further.
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PEPE Price Eyes Completion of Anticipated Rally
Currently, PEPE’s price is trading above the critical support level of $0.0000077. The meme coin appears poised to fulfill the anticipated 60% rally forecasted earlier. This target was established by the descending wedge pattern PEPE was in before breaking out two weeks ago.
Despite the rally, PEPE has not yet reached its target and remains 27% away from the $0.0000100 mark. However, considering the factors mentioned above, there’s potential for PEPE to achieve this rally and establish $0.0000100 as a support level.
PEPE Price Analysis. Source: TradingView
Nevertheless, if PEPE’s price drops below the support level of $0.0000077, it could decline to $0.0000063. Such a loss of support would invalidate the bullish outlook, leading to further losses for investors.
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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #Ethereum #Crypto #PEPE #Pepecoin $PEPE
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In recent days, the price of PEPE has dropped, but this could actually be setting the stage for a comeback. Interestingly, whales, or large investors, are acting in ways that match up with past patterns, adding to the possibility of a positive turn.
Optimism Surrounds PEPE as Whales Sell and Profits Loom
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PEPE’s price is heavily influenced by whale addresses, which hold a significant amount of the coin. Typically, when whales start selling, it’s viewed as a negative sign, indicating a lack of confidence in the asset.
However, for PEPE, the situation is different. Over the last five days, the supply held by the top non-exchange addresses has decreased by 2.5 trillion PEPE, valued at nearly $20 million. This decline suggests optimism among investors.
Historically, when PEPE whales sell, it’s often followed by a sharp price increase. The larger the selling, the greater the rally. Given that whales are already selling, a similar scenario is anticipated this time.
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PEPE Whale Holdings. Source: Santiment
This decrease in supply is the initial indication that a rally could be on the horizon. Additionally, many PEPE holders are on the verge of making profits. A significant amount of PEPE, totaling over 79 trillion and valued at $623 million, was purchased at prices ranging from $0.0000070 to $0.0000099. Once PEPE reaches a new all-time high, these holdings will become profitable.
Dogecoin Supply Distribution. Source: IntoTheBlock
With such a substantial amount of supply awaiting profitability, investors are likely to refrain from selling, thereby boosting the PEPE price further.
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PEPE Price Eyes Completion of Anticipated Rally
Currently, PEPE’s price is trading above the critical support level of $0.0000077. The meme coin appears poised to fulfill the anticipated 60% rally forecasted earlier. This target was established by the descending wedge pattern PEPE was in before breaking out two weeks ago.
Despite the rally, PEPE has not yet reached its target and remains 27% away from the $0.0000100 mark. However, considering the factors mentioned above, there’s potential for PEPE to achieve this rally and establish $0.0000100 as a support level.
PEPE Price Analysis. Source: TradingView
Nevertheless, if PEPE’s price drops below the support level of $0.0000077, it could decline to $0.0000063. Such a loss of support would invalidate the bullish outlook, leading to further losses for investors.
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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #Ethereum #Crypto #PEPE #Pepecoin $PEPE
Whale Accumulates 357 Billion PEPE Tokens; Indicating Potential Price Increase Ahead
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Pepe is inside a channel and we are waiting for a Long signal from our Signal Sniper indicator anytime soon.
Once this happens we will take a Long position on $PEPE until the upper trendline where we will wait for a Short signal and take a Sell.
#Pepecoin
Once this happens we will take a Long position on $PEPE until the upper trendline where we will wait for a Short signal and take a Sell.
#Pepecoin
Whale Dumping 2T Pepe Coin Amid Shiba Inu Hype: Will PEPE Price Drop?
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PEPE Coin Faces Potential Dip With Looming Retracement, Analyst Warns
PEPE Coin Faces Potential Dip With Looming Retracement, Analyst Warns
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Crypto analyst warns of potential downturn for Pepe Coin amid market volatility. Analysis reveals indicators signaling retracement, prompting investor vigilance.
HIGHLIGHTS
Analyst issues cautionary warning on Pepe Coin's market trajectory.
Technical analysis reveals indicators pointing towards a potential retracement.
Recent market performance reflects fluctuations, prompting investor scrutiny.
An ominous shadow looms over Pepe Coin’s trajectory as an analyst issues a warning regarding potential risks of a downturn or impending retracement. With a keen eye on technical indicators, the analyst emphasizes the cryptocurrency’s vulnerability, sending a cautionary signal to investors.
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Crypto analyst warns of potential downturn for Pepe Coin amid market volatility. Analysis reveals indicators signaling retracement, prompting investor vigilance.
HIGHLIGHTS
Analyst issues cautionary warning on Pepe Coin's market trajectory.
Technical analysis reveals indicators pointing towards a potential retracement.
Recent market performance reflects fluctuations, prompting investor scrutiny.
An ominous shadow looms over Pepe Coin’s trajectory as an analyst issues a warning regarding potential risks of a downturn or impending retracement. With a keen eye on technical indicators, the analyst emphasizes the cryptocurrency’s vulnerability, sending a cautionary signal to investors.
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#Pepecoin (PEPE) Addresses Skyrocket 230% in a Month
https://altcoinsanalysis.com/pepecoin-pepe-addresses-skyrocket-230-in-a-month/
https://altcoinsanalysis.com/pepecoin-pepe-addresses-skyrocket-230-in-a-month/
Pepe Coin Price Skyrockets; Investor Nets Millions with 943% Return!
In a remarkable turn of events, a savvy investor has pocketed a staggering $14 million profit from Pepe Coin’s extraordinary 943% return on investment (ROI). However, caution is advised as the Relative Strength Index (RSI) stands at 75, signaling potential overbought conditions and suggesting a forthcoming price correction.
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Pepe Coin continues to attract attention, experiencing a significant surge in trading volume and achieving a 12% increase in value, now trading at $0.0000113. This meme crypto sensation has surpassed expectations, solidifying its status as a rising star in the market. Meanwhile, a prominent whale investor, known as Smart Money, has capitalized on PEPE’s rally, reaping substantial profits amidst the coin’s remarkable ascent.
Smart Money’s Success with Pepe Coin Investment: A Closer Look
Lookonchain, a prominent blockchain analytics platform, has provided fascinating insights into the triumph of a strategic investor known as Smart Money, who seized the opportunity presented by Pepe Coin’s remarkable surge.
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Smart Money allocated $1.56 million USDT to acquire an impressive 1.40 trillion PEPE tokens between December 2023 and February 2024.
Leveraging their investment made three months ago, Smart Money recently capitalized on the surge in Pepe Coin’s price by selling 140 billion coins (equivalent to 10% of their holdings), resulting in a significant $1.57 million profit. Notably, this transaction not only generated substantial profit but also effectively recovered Smart Money’s initial investment.
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This strategic maneuver yielded an impressive return on investment (ROI) of 943%, underscoring the success of Smart Money’s Pepe Coin venture. Despite divesting a portion of their holdings, Smart Money retains a substantial stake of 1.26 trillion Pepe Coins, valued at approximately $14 million.
Also Read: New Buyer Boosts Bitcoin: Should You Jump In?
Pepe Coin Market Activity and Potential Considerations
Analyzing market data from Coinglass reveals robust activity in Pepe Coin’s open interest (OI) and derivatives trading. The OI has surged by almost 12% to $120.11 million, accompanied by a remarkable 24.06% increase in derivatives volume to $2.52 billion. These figures indicate a growing interest and engagement with Pepe Coin.
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However, it’s crucial to acknowledge that the Relative Strength Index (RSI) has reached 75, signaling Pepe Coin’s entry into overbought territory. This suggests a potential for a pullback or price reversal if buying momentum subsides.
Presently, Pepe Coin’s price has climbed by nearly 12% in the past 24 hours, reaching $0.0000113. This upward movement was supported by a significant surge in trading volume, soaring by 91.82% to $3.81 billion.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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Pepe Coin continues to attract attention, experiencing a significant surge in trading volume and achieving a 12% increase in value, now trading at $0.0000113. This meme crypto sensation has surpassed expectations, solidifying its status as a rising star in the market. Meanwhile, a prominent whale investor, known as Smart Money, has capitalized on PEPE’s rally, reaping substantial profits amidst the coin’s remarkable ascent.
Smart Money’s Success with Pepe Coin Investment: A Closer Look
Lookonchain, a prominent blockchain analytics platform, has provided fascinating insights into the triumph of a strategic investor known as Smart Money, who seized the opportunity presented by Pepe Coin’s remarkable surge.
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Smart Money allocated $1.56 million USDT to acquire an impressive 1.40 trillion PEPE tokens between December 2023 and February 2024.
Leveraging their investment made three months ago, Smart Money recently capitalized on the surge in Pepe Coin’s price by selling 140 billion coins (equivalent to 10% of their holdings), resulting in a significant $1.57 million profit. Notably, this transaction not only generated substantial profit but also effectively recovered Smart Money’s initial investment.
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This strategic maneuver yielded an impressive return on investment (ROI) of 943%, underscoring the success of Smart Money’s Pepe Coin venture. Despite divesting a portion of their holdings, Smart Money retains a substantial stake of 1.26 trillion Pepe Coins, valued at approximately $14 million.
Also Read: New Buyer Boosts Bitcoin: Should You Jump In?
Pepe Coin Market Activity and Potential Considerations
Analyzing market data from Coinglass reveals robust activity in Pepe Coin’s open interest (OI) and derivatives trading. The OI has surged by almost 12% to $120.11 million, accompanied by a remarkable 24.06% increase in derivatives volume to $2.52 billion. These figures indicate a growing interest and engagement with Pepe Coin.
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However, it’s crucial to acknowledge that the Relative Strength Index (RSI) has reached 75, signaling Pepe Coin’s entry into overbought territory. This suggests a potential for a pullback or price reversal if buying momentum subsides.
Presently, Pepe Coin’s price has climbed by nearly 12% in the past 24 hours, reaching $0.0000113. This upward movement was supported by a significant surge in trading volume, soaring by 91.82% to $3.81 billion.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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Today’s Crypto Prices: Bitcoin Hits $62K; Ethereum Surpasses $3400;+DOGE- SHIB- PEPE Rally.
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Analysts predict $69–$123 price ranges for Solana in the next months
The #solana price (SOL) has exhibited a noteworthy performance in recent times, establishing new milestones as it recovers its bullish momentum.
Following a considerable decrease observed since July 14th, $SOL has emerged as one of the most successful cryptocurrencies, ranking third in terms of gains over the previous 24 hours, following only #Pepecoin (PEPE) and Chainlink (LINK).
The SOL token has shown consistent upward momentum, with significant increases of 8.9% during the prior day, 39% over the course of the previous week, an impressive 51% over the span of two weeks, and a notable 68% over a 30-day period.
The sudden increase in the value of Solana has garnered significant interest from both cryptocurrency fans and analysts. The recent surge of 8.9% during the last 24 hours has positioned SOL as one of the leading performers among the majority of cryptocurrencies listed within the top 100.
In relation to this subject, the esteemed cryptocurrency analyst known as "Titan of Crypto" has provided insights into the projected target areas for Solana in the forthcoming months.
Based on the comprehensive study conducted by the prominent cryptocurrency expert, SOL has the capacity to attain a price range spanning from $69 to $123. The aforementioned forecasts are indicative of the positive sentiment around Solana's future performance and market potential.
Nevertheless, while the recent achievement of reaching a new annual peak in 2023 and exceeding its monthly resistance threshold, Solana's price encounters several challenges that may potentially hinder the actualization of these forecasts in the forthcoming months.
It is noteworthy to acknowledge that the price of Solana has attained levels that have not been observed since the downfall of the FTX cryptocurrency exchange in November 2022. These reasons add to the prevailing opposition that Solana must overcome in order for the projected scenario to occur.
The next resistance level of SOL is anticipated to provide a potential upside of 9%.
The Solana bulls see special encouragement in the prospect for additional rise in the near future, despite the anticipated hurdles that may affect the cryptocurrency's price.
At present, the subsequent notable resistance level is situated at a value of $36.86. In the event that the present bullish momentum persists, it is plausible to anticipate a potential increase of around 9% following the successful break of this resistance level.
If Solana is able to overcome this challenge, it will encounter more barriers at price levels of $37, $39, $43, and $46 in the upcoming months. In order for the token to consolidate its breakout from the monthly resistance and maintain its upward trajectory, it is imperative to attain a monthly closure over the $32 threshold.
The significance of achieving a monthly closing over $32 is a crucial measure to validate the optimistic momentum and sustain the continuous upward movement of Solana. Market players will attentively observe these events in order to evaluate the token's capacity to sustain its favorable momentum and surmount any potential obstacles in the future.
Based on the data provided by CoinGecko, the present value of Solana is recorded as $33.00. The total trading volume throughout the last 24-hour period is $1,668,696,328.50. Solana's market capitalization is now estimated at $13,631,609,298, which is derived from the total quantity of 420 million SOL tokens.
Following a considerable decrease observed since July 14th, $SOL has emerged as one of the most successful cryptocurrencies, ranking third in terms of gains over the previous 24 hours, following only #Pepecoin (PEPE) and Chainlink (LINK).
The SOL token has shown consistent upward momentum, with significant increases of 8.9% during the prior day, 39% over the course of the previous week, an impressive 51% over the span of two weeks, and a notable 68% over a 30-day period.
The sudden increase in the value of Solana has garnered significant interest from both cryptocurrency fans and analysts. The recent surge of 8.9% during the last 24 hours has positioned SOL as one of the leading performers among the majority of cryptocurrencies listed within the top 100.
In relation to this subject, the esteemed cryptocurrency analyst known as "Titan of Crypto" has provided insights into the projected target areas for Solana in the forthcoming months.
Based on the comprehensive study conducted by the prominent cryptocurrency expert, SOL has the capacity to attain a price range spanning from $69 to $123. The aforementioned forecasts are indicative of the positive sentiment around Solana's future performance and market potential.
Nevertheless, while the recent achievement of reaching a new annual peak in 2023 and exceeding its monthly resistance threshold, Solana's price encounters several challenges that may potentially hinder the actualization of these forecasts in the forthcoming months.
It is noteworthy to acknowledge that the price of Solana has attained levels that have not been observed since the downfall of the FTX cryptocurrency exchange in November 2022. These reasons add to the prevailing opposition that Solana must overcome in order for the projected scenario to occur.
The next resistance level of SOL is anticipated to provide a potential upside of 9%.
The Solana bulls see special encouragement in the prospect for additional rise in the near future, despite the anticipated hurdles that may affect the cryptocurrency's price.
At present, the subsequent notable resistance level is situated at a value of $36.86. In the event that the present bullish momentum persists, it is plausible to anticipate a potential increase of around 9% following the successful break of this resistance level.
If Solana is able to overcome this challenge, it will encounter more barriers at price levels of $37, $39, $43, and $46 in the upcoming months. In order for the token to consolidate its breakout from the monthly resistance and maintain its upward trajectory, it is imperative to attain a monthly closure over the $32 threshold.
The significance of achieving a monthly closing over $32 is a crucial measure to validate the optimistic momentum and sustain the continuous upward movement of Solana. Market players will attentively observe these events in order to evaluate the token's capacity to sustain its favorable momentum and surmount any potential obstacles in the future.
Based on the data provided by CoinGecko, the present value of Solana is recorded as $33.00. The total trading volume throughout the last 24-hour period is $1,668,696,328.50. Solana's market capitalization is now estimated at $13,631,609,298, which is derived from the total quantity of 420 million SOL tokens.
