PEPE is the Only Memecoin on Fire ☄️
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The infamous meme coin, PEPE, has taken the cryptocurrency world by storm, leaving investors questioning whether this is a new era or just a fleeting trend. Over the past month, PEPE has defied predictions and rewarded investors with a remarkable 100% gain, reaching new record highs.
PEPE's rapid rise has resulted in:
- 97% of holders profiting from the surge
- 56% growth in the last week
- 99% growth over the past month
- A 3.7% increase in the last 24 hours
Social media and financial interest have surged alongside, with the coin's social volume increasing and online discussions intensifying.
However, some experts advise caution, pointing to technical indicators that suggest an overheated market. The Chaikin Money Flow (CMF) has declined, while the Money Flow Index (MFI) and Relative Strength Index (RSI) are overbought, indicating a possible price correction.
Additionally, selling pressure is mounting as investors cash in on their gains, leading to a spike in exchange outflows and supply.
Will PEPE's bullish momentum persist, or will the memecoin's engine overheat?
Only time will tell!
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