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Pepe’s Rapidly Soaring $2.5B Futures Outstrip ARB & Optimism PEPE’s overwhelming dominance on Futures triggers a big surge in demand with PEPE surpassing ARB, OP by global market cap. In a rather surprising turn of events, the popular frog-themed meme coin Pepe (PEPE) surged past Arbitrum (ARB) and Optimism (OP). These two popular Layer-2 blockchains built atop Ethereum (ETH) now encircle a smaller market capitalization than PEPE. PEPE Inks 11% Daily Gains Against All Odds 1.PEPE’s price trend reversal came on May 1, after the token fell to its monthly lows at $0.00000609. As the general crypto markets succumbed to an all-round drawdown, the leading crypto asset, Bitcoin (BTC), plunged to $56K, a level unseen since late February 2024. 2.PEPE coin flips two popular Layer-2 blockchains by global market cap. 10 days ago, Coinbase listed PEPE on Futures after numerous delays. PEPE jumped into crypto’s TOP 30 as Futures volume surpassed DOGE. What run it will make

Pepe’s Rapidly Soaring $2.5B Futures Outstrip ARB & Optimism

PEPE’s overwhelming dominance on Futures triggers a big surge in demand with PEPE surpassing ARB, OP by global market cap. In a rather surprising turn of events, the popular frog-themed meme coin Pepe (PEPE) surged past Arbitrum (ARB) and Optimism (OP). These two popular Layer-2 blockchains built atop Ethereum (ETH) now encircle a smaller market capitalization than PEPE.

PEPE Inks 11% Daily Gains Against All Odds

1.PEPE’s price trend reversal came on May 1, after the token fell to its monthly lows at $0.00000609. As the general crypto markets succumbed to an all-round drawdown, the leading crypto asset, Bitcoin (BTC), plunged to $56K, a level unseen since late February 2024.

2.PEPE coin flips two popular Layer-2 blockchains by global market cap.

10 days ago, Coinbase listed PEPE on Futures after numerous delays.

PEPE jumped into crypto’s TOP 30 as Futures volume surpassed DOGE.

What run it will make

Bullish
63%
Bearish
10%
Normal
27%
41 votes • Voting closed
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Solana Surpasses Ethereum in Total Economic Value The post Solana Surpasses Ethereum in Total Economic Value appeared first on Coinpedia Fintech News.Solana has outpaced Ethereum for the first time in its history, as its Total Economic Value (TEV) has surpassed Ethereum. According to Blockworks Research, Solana generated $2,248,681 in TEV, surpassing Ethereum’s $1,977,416. TEV is used to analyze the utility and adoption of a blockchain network. However, critics argue that comparing Solana’s TEV with Ethereum’s without considering Layer-2 (L2) solutions is misleading. L2 solutions are designed to enhance scalability and reduce fees by offloading activity from Layer 1 (L1). Despite the criticism, comparing TEV across blockchains remains valuable. As Burniske explained, each L2 operates in its own blockspace environment, and TEV comparisons are typically made on an L1-to-L1 basis. #solanasummer #SolanaStrong #GME #PEPEATH #altcoins
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Why Is the Market Up Today? The total market cap has been stuck within a symmetrical triangle for the past four weeks and is currently around the $2.2 trillion mark. A symmetrical triangle is a chart pattern formed by two converging trendlines that connect a series of peaks and troughs, indicating indecision in the market before a breakout. Should this breakout occur, TOTAL could breach through $2.3 trillion to potentially initiate further recovery. However, if the total market cap breaks down, it could slip to $2.11 trillion, as this level is the next crucial support floor. Bitcoin’s price trading at $61,900 at the time of writing, has been in a macro uptrend since the beginning of the month. It has been struggling to close above the crucial support of $62,000. Reclaiming this is important as this would enable a rise to $63,000 and beyond. If the uptrend continues and investors remain optimistic, a bullish outcome for BTC is likely. Breaching past the resistance at $63,700 will also lead to a rise to $65,000. FLOKI’s price rallying is both a surprise as well as a predicted scenario. This is because the recent market conditions have been signalling a potential return of the meme coin frezy. However, FLOKI has not been the focus of investors amidst meme tokens like PEPE, BOME, WIF, etc. The altcoin rose by more than 7.5% in the past day, bringing the price to $0.000203. FLOKI already closed above the support of $0.000185. Any further rally could push it towards the resistance at $0.000218, as the price is already at a two-month high. #pepe回調 #BOMEBULLISH #altcoins #FlokiRoadmap2024 #WIF🔥🔥
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Pepe Joins $4 Billion Market Cap Club: How High Will It Go This Week? Pepe has been surging at record speed, rolling past contemporaries to unveil a new price high. The token is up 23% in the last 24 hours, capitalizing on a new price high. Since its launch in January, the token has managed to help investors scoop up sizable profits by carrying forward with its gradual price ascent. Pepe has surged nearly 450% in one month, all while claiming a new market cap of $4 billion. Here’s how high PEPE can trade this week. PEPE is now trending as a leading meme token and has reached a new price high of $0.00001037. The token is now catching central attention, allowing investors to double their returns. One such investor has managed to flip the odds and capitalize on Pepe’s current surge to accumulate profits worth $3.6 million. At the same time, the frog-themed token and its contemporaries have emerged as the top-performing coins of the season, outpacing other central altcoins to define the current bull market momentum. Pepe has charted its way to blend among the top 25 coins by market cap index, proving its mettle as a leading crypto token. For the month of May, the frog-themed token can hit another notable price high of $0.00003297, given that it follows the current price path and trajectory.The token may surge by nearly 200% to claim this coveted price spot by June 13. According to our current Pepe Coin price prediction, the price of the token is predicted to rise by 229.55% and reach $0.00003297 by June 13, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 66 (greed). Pepe Coin recorded 20/30 (67%) green days with 18.34% price volatility over the last 30 days.” #PepeTrading #PEPE✈ #pepepumping #buythedip #Memecoins
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Cryptocurrency: 3 Coins That May Spike By 200% This Month Here are the top three crypto tokens that the analysts predict will spike by 200% later this month. Pepe:Pepe has been forging its own independent price path lately. The token is projecting bullish signs by surging nearly 40% in the last month. Per CoinMarketcap, the token is up 0.56%, trading at $0.000008768. CoinCodex, a notable crypto analytics platform, predicts the token to spike by 200% this month, doubling investors’ profits and rewards. “According to our current Pepe Coin price prediction, the price of Pepe Coin is predicted to rise by 237.88% and reach $0.00003007 by June 12, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 57 (greed). Pepe Coin recorded 19/30 (63%) green days with 18.18% price volatility over the last 30 days.” DogWifHat:DogWifHat, popularly known as WIF, has lately been flipping giants like Pepe and Arbitrum in terms of market cap.According to our current Dogwifhat price prediction, the price of Dogwifhat is predicted to rise by 227.81% and reach $9.19 by June 12, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 57 (greed). Dogwifhat recorded 15/30 (50%) green days with 9.01% price volatility over the last 30 days. Shiba Inu:The OG crypto meme token, Shiba Inu, has long shed its meme currency persona to develop into a full-fledged, robust coin. Per CMC, the token has noted an uptick of 3%, trading at $0.00002328 at the time of writing. “According to our current Shiba Inu price prediction. The price of Shiba Inu may rise by 225.46% and reach $0.00007240 by June 12, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 57 (greed). Shiba Inu recorded 14/30 (47%) green days with 6.52% price volatility over the last 30 days.” #Memecoins #altcoins #buythedip #MicroStrategy #BlackRock
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Chainlink Poised for Potential Upswing: How High Can LINK Go in May? Chainlink (LINK) may be on the verge of a significant price surge according to a recent tweet by crypto trader Ali. The trader has identified a buy signal on the weekly chart of LINK using the TD Sequential indicator, suggesting that the cryptocurrency could experience an upswing lasting anywhere from one to four weeks. The TD Sequential is a popular technical analysis tool that helps traders identify potential trend reversals and buying or selling opportunities. The indicator uses a series of price- and time-based calculations to generate signals that can help traders make informed decisions about their investments. According to Ali’s analysis, the TD Sequential has a buy signal on Chainlink’s weekly chart. This signal indicates that LINK may be poised for a significant price increase in the coming weeks. The trader suggests that the upswing could last between one and four weeks, providing investors with a potential opportunity to capitalize on the bullish momentum. While the TD Sequential buy signal has generated excitement among Chainlink enthusiasts, it is essential to consider expert price predictions to gauge the cryptocurrency’s potential trajectory. According to crypto experts at Changelly, who have analyzed LINK’s price fluctuations at the beginning of 2023, the average expected price for Chainlink in May 2024 is $16.14. Despite the potential for a bullish upswing, Chainlink’s recent price performance has been somewhat lackluster. According to data from CoinGecko, LINK is down 8.8% in the last seven days and 12.7% in the last 30 days. This decline can be attributed to various factors, including overall market sentiment, regulatory concerns, and competition from other decentralized oracle networks. However, it is worth noting that Chainlink has established itself as a leading player in the decentralized finance (DeFi) ecosystem, providing reliable and secure data feeds to numerous smart contracts and applications. #ChainlinkUpdate #buythedip #notcoin #altcoins #ETFvsBTC
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