Ethereum and Bitcoin remain the dominant blockchains in the crypto ecosystem, with a combined dominance of nearly 70%.
Ranked#1today are Arky, Pepe. This article shares insights into the price action of these tokens and predicts their future performance based on current trends.
ARKY
The ARKY community was inspired by the pet dog of popular cryptographer Hal Finney. He is considered to be the potential inventor of Bitcoin and blockchain technology. However, there is no concrete evidence to confirm this claim. ARKY is gaining popularity through the name of the computer scientist and his dog ARKY. The project has a market cap of over $2 million with a trading volume of $1.2 million.
While ARKY has received a continued influx of users, the token’s price has recently declined slightly. However, the overall prospects of the project remain attractive and enthusiasts should keep a close eye on its developments.
Additionally, the project’s growing social media followers and engagement also indicate that it can deliver even better performance in the future. With only a few days on the market, ARKY’s potential has yet to be fully realized, and it’s worth keeping a close eye on the project’s market performance and price trends.
PEPE
Pepe remains one of the best performing meme cryptocurrencies on the Ethereum chain and the entire crypto market. What started out as a fun project has grown into a multi-billion dollar startup with the potential to surpass projects like Bitcoin.
Pepe’s price has been doing pretty well today, especially as its price has risen when Bitcoin’s price has fallen. Aside from the meme culture, Pepe’s popularity stems from the fact that its Perpetual token was recently approved on Bybit. Since its announcement last month, Pepe’s price has been significantly ahead of the overall performance of the cryptocurrency market.
Meanwhile, there is speculation that memecoins will largely dominate future price action in the market. This expectation is evident in the chart structure of most memecoins. Another notable memecoin trend is the increase in trading volume in the category.
Market data shows that Pepe’s trading volume has increased by more than 40% today, which is consistent with the rise in the token’s price. This trend shows that market interest is rising, and it has also earned a place in the coin market as one of the cryptocurrencies that has outlasted the bearish trend.
It recently came out of the accumulation phase and has posted double-digit gains over the past seven days. One should keep the trend on their watch list as market trends suggest it has the potential to remain on the gainer list for the remainder of the market cycle.
(Personal opinion, not a recommendation)
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