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#Write2earn #PEPE COIN SURGES AS SMART MONEY ADDRESSES ENGAGE: NEW #ATH ACHIEVED #PEPEAscends #Memecoins $PEPE Pepe coin is outshining in the meme coin realm, hitting a new all-time high (ATH) with 250.5 billion PEPE tokens on the move. This year, Pepe coin has stood out in the meme coin market, defying market trends to reach new ATHs. Smart Money traders have taken notice, shuffling around 250.5 billion PEPE tokens, coinciding with the token's recent ATH. Smart Money Addresses Engage with Pepe Coin: Around 250.40 billion PEPE tokens were transferred in the past 24 hours, indicating smart money traders' activity. One address accumulated 406.74 million PEPE tokens from Binance, while another unloaded 250 billion PEPE tokens onto the exchange. Address 0x647, an early accumulator, still holds a significant amount, hinting at confidence in PEPE's potential. PEPE's Price Hits New Highs: PEPE's price surged by 19.68% in the past 24 hours, reaching $0.00001005, shedding a zero from its value. However, concerns about maintaining this level linger, with the RSI indicating overbought conditions, suggesting a possible correction

#Write2earn #PEPE COIN SURGES AS SMART MONEY ADDRESSES ENGAGE: NEW #ATH ACHIEVED #PEPEAscends #Memecoins $PEPE

Pepe coin is outshining in the meme coin realm, hitting a new all-time high (ATH) with 250.5 billion PEPE tokens on the move.

This year, Pepe coin has stood out in the meme coin market, defying market trends to reach new ATHs. Smart Money traders have taken notice, shuffling around 250.5 billion PEPE tokens, coinciding with the token's recent ATH.

Smart Money Addresses Engage with Pepe Coin:

Around 250.40 billion PEPE tokens were transferred in the past 24 hours, indicating smart money traders' activity. One address accumulated 406.74 million PEPE tokens from Binance, while another unloaded 250 billion PEPE tokens onto the exchange. Address 0x647, an early accumulator, still holds a significant amount, hinting at confidence in PEPE's potential.

PEPE's Price Hits New Highs:

PEPE's price surged by 19.68% in the past 24 hours, reaching $0.00001005, shedding a zero from its value. However, concerns about maintaining this level linger, with the RSI indicating overbought conditions, suggesting a possible correction

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#Write2earn #SEC Approves Spot Ethereum ETFs from Major Players, Marking a New Era in Crypto Investing $ETH #ethereum #ethereumETF The U.S. Securities and Exchange Commission (SEC) has approved eight spot Ethereum ETFs from major players like BlackRock, Fidelity, and Grayscale, marking a significant shift in crypto investment options. Overview of the Approval On May 23, 2024, the SEC gave the green light to 19b-4 filings from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise through an omnibus order. This approval follows the recent introduction of spot Bitcoin ETFs in January, highlighting growing acceptance of digital asset investment products in the U.S. Details of the Process The approved ETFs will be listed on three major exchanges: CBOE, NYSE ARCA, and NASDAQ, broadening Ethereum's accessibility to investors. Despite this progress, trading can only commence once the issuers receive approval for their S-1 registration statements. While this process can take a few weeks, it has historically taken up to three months. Political Influence and Market Reactions The SEC's decision came unexpectedly, especially given their recent lack of engagement with issuers. Political pressure from House lawmakers, including Majority Whip Tom Emmer and NJ Democrat Josh Gottheimer, may have influenced the rapid approval. They urged the SEC to approve the ETFs to align with the agency's recent approval of spot Bitcoin ETFs. Insiders suggest that some parts of the SEC were surprised by the swift approval. Market analysts like Bloomberg’s Eric Balchunas estimate that Ethereum ETFs could attract 10-15% of the investment expected for Bitcoin ETFs, potentially garnering $5-$8 billion in the first few years. Next Steps and Market Outlook Issuers are now focused on obtaining S-1 registration approval, which is essential for trading to begin. Conversations between the SEC and issuers have started, but the exact timeline for approval remains uncertain.
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#Write2earn Crypto Market Faces Critical Support Loss Amid Bearish Trends and Regulatory Developments $BTC $ORDI #TotalMarketCap #MarketAnalysis The overall cryptocurrency market cap has dipped below the crucial $2.50 trillion mark, a key psychological support level. Bitcoin is also feeling the pressure, currently trading at $67,300. The market is experiencing mixed signals, with bearish macroeconomic conditions and bullish crypto developments. Among altcoins, Ordinals has taken the biggest hit. Today's Headlines: SEC Approves Ethereum ETFs CBDC Anti-Surveillance State Act Market Analysis: Total Crypto Market Cap: The total cryptocurrency market cap has fallen below the $2.50 trillion support level, a significant psychological barrier. This decline is concerning, especially given the bearish macroeconomic environment. Even the approval of spot Ethereum ETFs hasn't counteracted the bearish trend, potentially pushing the market cap down to $2.39 trillion. Reclaiming the $2.50 trillion level could signal a rise to $2.60 trillion. Bitcoin Price Movement: Bitcoin has seen a consistent decline, marked by a fourth consecutive red candlestick. The price has dropped from $71,800 to $67,293. Falling below the $68,500 support level has intensified bearish sentiment, with a potential further drop to $64,883. However, if Bitcoin reclaims the $68,500 support level, it could resume its bullish trend, potentially reaching $71,800. Ordinals Price Drop: Ordinals, after a ten-day upward trend, saw a sharp decline in the last 24 hours, dropping 10% to $37.4. This decline delays a potential breakthrough of the $44 resistance level, requiring a 12% recovery to reach this target. Achieving this recovery would invalidate the current bearish outlook and boost profits for ORDI holders.
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#Write2earn TRON $TRX FACES CRUCIAL SUPPORT TEST AMID INVESTOR CONFIDENCE #TRON #TRX #Altcoins #TRON✅ Tron's (TRX) price may be heading for a decline after failing to break through the resistance at $0.127. However, investor confidence in potential gains could shift this trajectory. Tron Investors Remain Confident The outlook for Tron’s price isn’t entirely bearish, thanks to its steadfast investors. TRX holders are showing strong confidence by holding onto their assets, with about 4% of the circulating supply, or nearly 3.1 billion TRX, moving into long-term holders’ (LTHS) wallets. This significant shift underscores the importance of LTHs, as they often stabilize the price during bear markets. This steadfastness helps prevent a stronger bearish trend, which isn't currently dominant. The Average Directional Index (ADX), which measures trend strength, shows a reading well below 25.0 for TRX, indicating a weak bearish trend. This suggests that Tron’s price could rebound from the support at $0.115. TRX Price Prediction: Potential for Recovery Tron’s price is currently trading at $0.118, approaching the crucial support level of $0.115, which aligns with the 23.6% Fibonacci Retracement. This level, often considered the bear market support floor, indicates significant corrections if the price dips below it. Given the confidence among TRX holders, it’s likely that Tron’s price will not fall below this support. A rebound from this level could lead to a recovery, helping the altcoin regain the 38.2% Fib support. However, if Tron’s price slips below $0.115, it could drop further to $0.112. Losing this support would invalidate the bullish outlook, potentially pushing the altcoin to a four-month low of $0.107.
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