After Bitcoin broke through the 100,000 mark recently, the market has adjusted back. But at this time, the MEME coin Pepe has become the focus, and the price has risen to 0.000026478 US dollars, and it has been rising. However, there is a lot behind this. The bulls and bears are fighting fiercely, the funding interest rate is fluctuating, and the number of open contracts is increasing, making the market particularly uncertain.
Pepe's funding interest rate suddenly increased from 0.0309% to 0.0800%. This big change shows that everyone's enthusiasm for speculation is high. When the interest rate goes up, the bulls are more motivated and want to bet on the price increase. But this also has risks. Too high interest rates may cause the market to fall, especially when the price is about to reach the top.
Now the strength of bulls and bears is about the same, both at the 1.03 level, and neither side has an advantage. This state of balance may mean that the market is about to make a big move.
Looking at the open interest, it has reached $459.71 million, which is more than in previous months, indicating that a large amount of funds are flowing into the derivatives market. This usually makes the market more volatile, especially in a highly leveraged environment, where everyone has to be careful of sudden price increases and decreases.
Despite the market volatility, Pepe's price is still quite stable. From the technical chart, Pepe has held the 50-day moving average of $0.000022531, which is an important support, indicating that the short-term upward momentum is still there. Moreover, Pepe has additional support near $0.000025800, which makes the short-term bullish foundation more solid. The relative strength index (RSI) has also reached 62.91. Although it is almost overbought, it has not shown a lack of upward momentum, and the market still has room to rise.
In the short term, if Pepe can hold the current level, the price may challenge the $0.00003 resistance area. If it fails, it may have to pull back to around $0.000025000.
The current Pepe market is a mixture of speculation and risk. On the one hand, the surge in open interest and funding rates shows that everyone is looking forward to price increases; on the other hand, excessive speculation can easily cause the market to fluctuate. Bulls and bears are still competing, and this balance will determine the trend of Pepe prices in the next few days.
Pepe Unchained tripled on its first day of listing
The new meme coin Pepe Unchained (PEPU) became popular on the first day of its listing, with the price soaring to $0.025, three times higher than the pre-sale price.
Since the official announcement of the end of pre-sale on November 13, PEPU has attracted the attention of many investors. Officials said that the daily fundraising amount exceeded one million US dollars every day, and finally raised a total of 75 million US dollars. Everyone is full of confidence in this market.
After the pre-sale ended, PEPU announced that it would open tokens for redemption at 2:00 pm (UTC) on December 10, and it was also listed on a decentralized exchange (DEX). Official estimates are that PEPU will be listed on mid- to high-level exchanges within three to five days, and on well-known exchanges after seven to ten days, providing more trading opportunities for everyone.
Wall Street Pepe pre-sales exceed $3 million
Wall Street Pepe ($WEPE), a meme coin based on the Pepe concept, raised $3 million in just five days of pre-sale and became a star among the new generation of meme coins.
After Bitcoin broke through the 100,000 mark, many investors flocked to the crypto market, looking for projects with high returns. The Wall Street Pepe team said that their project can go viral like Pepe, and can also provide trading strategies, data analysis and professional tools to help retail investors make better decisions.
Right now, $WEPE is priced at $0.000207, and early investors are considering whether to get in. The project hopes to see a surge in the secondary market like Pepe did in its early days.
According to the project introduction, in addition to obtaining tokens through staking, investors can also get additional token rewards through the team's reward plan.
In addition, as a community, we have our own investment research team, strong on-chain data analysis capabilities, large-cap fund movements, and Wall Street institutions’ position building trends to safeguard fans’ transactions.
In this round of rise, the projects that led fans to build positions include: wif, sui, sol, bnb, tia, bome, and wld, all of which are profitable.
Next Monday, I will lead fans to plan for explosive potential coins. It is very easy to double the amount.
The news of the organization, the layout of the organization, the same opportunity, the same increase, the fan group takes priority.
At the same time, I am also looking for meme coins on the Solana chain. By the end of the bull market next year, it will be no problem to make 30 times the profit.#热门话题 #BTC☀ #XRP逆势反弹 #pepe⚡ #加密市场回调