4 trillion PEPE mysteriously bought on top centralized exchanges, price rises 17.4%
Pepe continues the price surge that started earlier this week. In the past 24 hours, the famous meme coin has risen by more than 17%, soaring to $0.00000174.
This was followed by a 4% decline. However, in the past hour, PEPE printed a large green candle on the hourly chart, surging 5.11%. At press time, it is trading at $0.00000801.
Since Wednesday of this week, the price has surged by 31.5%. One of the factors driving the price surge is that major US exchange Kraken has added PEPE-based margin pairs, exposing the cryptocurrency to millions of traders.
PEPE appeared in April last year. It was made by an anonymous development team and was inspired by a popular meme based on the Pepe the Frog character.
Last year, several major exchanges quickly added support for PEPE, which helped expand its popularity in the cryptocurrency market.
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So far, it is called a bull market where no one takes over😅😅😅
Institutions are running the show, chain-level narrative, 1 billion valuation, unlocking the sale of coins when listed, retail investors do not take it.
BRC20 is issued fairly, retail investors have high-intensity execution to speculate on high targets, there is no time and space for the bottom to accommodate big money, institutions do not take it.
The coins that Binance takes the lead in supporting are not listed on OK, and the coins that OK takes the lead in supporting are not listed on Binance. Each of them has its own mountain and finds its own thugs. Everyone has a bunch of projects in their hands, and the exchanges do not take over each other.
The East plays with inscriptions, the West rushes to depin, and now the West starts to rush to inscriptions and runes, and the East forms L2 again, and the East and the West do not take over each other.
Advocate playing with new instead of old, the old market is difficult to support alone, the new market is not yet mature, and imitation markets are pouring in, and the new and old markets do not take over each other.
Stock game, experienced in the battlefield, both sides are very smart, and those who remain are elites.
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🔥 Dogecoin enters major accumulation zone, is it time to return?
MVRV ratio is a buy signal🔥
In addition to new investors, existing holders of Dogecoin are also expected to use this opportunity to accumulate more meme coins in the hope of achieving position balance. According to on-chain data, the supply of tokens held by long-term holders (more than one year) has increased significantly
Buying in Dogecoin during the downturn may bring significant buying pressure to the cryptocurrency token, which may trigger a price recovery in the market downtrend
In addition, on-chain data shows that Dogecoin whales are also accumulating during this period. Specifically, 150,000,000 DOGE was transferred from the crypto trading platform Robinhood to an unknown wallet, while another 76,316,694 DOGE was transferred from Robinhood to this wallet
These whales have a huge influence on the market, and their purchases may have a positive impact on the price of DOGE. At the same time, it is worth noting that a price recovery for DOGE seems imminent, given that historically recoveries always occur within this MVRV range
🔺 What the DOGE chart is saying
Dogecoin is currently in a "major support zone", and if the crypto market is indeed in a "real bull market", then this meme coin should not lose this support zone
$DOGE #DOGE#Dogecoin
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When a newly launched coin is added in the future, 99% of veterans know that it has great gains and is likely to fall, so when it is listed in the future, most experienced traders will short the coin and make high profits from it.
For example: When any coin is listed at a price of $0.2, it is understandable that it will fall to $0.1 or even lower in just 2 or 3 days. This always happens. Most new projects have gone through this process, such as W, ENA, AEVO, tnsr, Omni, etc., so be careful when chasing new coins.
If I hurt the feelings of some people who bought at a high price, I apologize... But I'm sorry to say that this is stupid behavior... (dog head)
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🔥Core Strategy🔥Dogecoin (DOGE) Price Prediction May 2024:
I think that the price of DOGE will remain around $0.144 until May 7. But there may be some corrections before the end of the month and it is expected to fall to around $0.125. This means a drop of about 13.19%.
Dogecoin is not optimistic in May and is expected to fall to $0.127904 on May 10, and then continue to fall throughout the month and may reach $0.125834 by May 27.
Although Dogecoin is one of the popular crypto assets, it has not been gaining much momentum recently. However, Elon Musk said that Tesla may start accepting DOGE as a means of payment soon.
If Tesla does start accepting DOGE, this may cause the price of DOGE to rise rapidly.
Moreover, Musk's X platform may also include DOGE in its upcoming payment features, which may also cause the price of DOGE to surge.
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Thank you for your support, I will focus on the next chapter of my life after serving my sentence
CZ said on the X platform that he appreciates everyone's concern and support, whether it is writing letters, expressing support on X, or in any other form. These all mean a lot to me and make me strong. I will serve my sentence, end this phase, and focus on the next chapter of my life (education).
I will continue to be a passive investor (and holder) in cryptocurrencies.
Our industry has entered a new stage, and compliance is very important. The silver lining of this whole process is that Binance has been closely watched.
😱🔥Crypto: Top 3 Cryptocurrencies to Buy in May for 10x Profits
Golem (GLM) Golem has a 24-hour trading volume of $569,127,539, showing strong demand and investor interest. The coin’s 24-hour low and high are $0.4624 and $0.6016, respectively. Although GLM is currently trading 56.86% below its all-time high of $1.25 set on January 8, 2018, recent price action suggests that the cryptocurrency could be ready to surge 10x in the coming weeks.
The exploded cat #popcat) Despite its relatively short existence, the meme-inspired cryptocurrency Popcat on the Solana blockchain is making waves in the market. POPCAT is currently trading at $0.4132, down 14.67% in the past 24 hours. However, the coin continues to maintain its strong market capitalization of $400,433,341, ranking 220th in the cryptocurrency rankings. He guarantees the queue.
Despite the recent price drop, Popcat has shown an impressive growth trajectory, reaching an all-time low of $0.00383 on January 4, and an all-time high of $0.5479 three days ago on April 26, 2024.
Shiba Inu #SHIB) On September 1, 2020, Shiba Inu hit an all-time low of $0.00008845, and although it is trading 73.57% lower than its all-time high of $0.00008845 reached on October 28, 2021...08165, its subsequent growth of more than 28,000,000% shows that the coin can continue. There is huge upside potential. #GLM#binance
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😱🐋🐋 Cardano Whale Transactions Surge Predicts ADA Price Return in the Short Term #CardanoWhale Transactions Surge
Transactions involving large amounts of Cardano (ADA) tokens, worth more than $100,000, have risen to their highest level since November 8.
Such a notable increase in Cardano whale activity has historically coincided with possible price changes in Ada market movements. In particular, ADA’s market cap has experienced a notable decline, down 43% since March 13, suggesting that the cryptocurrency has experienced a period of significant volatility and market correction.
Last week, Cardano (#ADA) price lost the major $0.50 support level and fell to $0.45, which is a critical support zone for the altcoin. October October If the price experiences a clear break below current levels, it could trigger additional downside momentum, with the next important support expected at $0.4280.
Conversely, ADA has an immediate resistance level at $0.4920, followed by the psychological threshold of $0.500. If the bullish trend prevails, a clear break above this level could spark a rally that could push ADA to $0.5250 or even $0.5650. Data from Century shows that the number of active ADA wallets has slightly declined over the past three months, contradicting signs of a market recovery. This anomaly could indicate that ADA is unnecessarily undervalued or that investor and user interest is declining.
The total number of active Cardano (ADA) wallets has slightly declined over the past three months, down 0.13%. This trend makes ADA one of the few networks to have seen a decline in wallet activity during this period.
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1. Absorption stage: After the bear market, prices bottom out and begin to stabilize, marking the end of the downtrend.
2. Initial rise: Prices begin to rise, but many retail investors miss this opportunity and choose to wait and see.
3. Volatility period: After the initial rise, prices fluctuate sideways or oscillate, which often occurs after Bitcoin halving.
4. Strong rise: At the peak, earnings grow rapidly and everything grows explosively. The first three stages may seem slow, but this is where the real profits are. Impatient traders who chase candles are often punished.
In the final stage, cryptocurrencies make headlines, attract new investors, and prices hit all-time highs. Smart money starts to sell, while retail investors expect the rise to continue indefinitely.
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🔥Must See🔥 Whale address 0x444 recently deposited 11,550 ETH ($37 million) worth about $3,200 to Binance, making a small profit of $247,000 (+0.67%) in the past 5 hours.
However, looking at their trading history since March 9, the trend is not optimistic. In 3 ETH trades during this period, the whale lost a total of $4.71 million, resulting in a negative ROI of -4.2% and a loss rate of 67%.
Notably, this whale shares the same Binance address with the smart ETH trader 0xb82, who, by comparison, made a profit of $16.3 million (+12.9%) from 5 successful ETH trades with a win rate of 80%.
This connection suggests a potential correlation between them. It is a reminder that even experienced traders can suffer losses in volatile markets.
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🚨 Russia is preparing to completely ban the use of crypto assets, including Bitcoin, in an effort to shore up the ruble amid escalating geopolitical tensions and crippling sanctions.
📉 What impact do you think this will have on the crypto industry?
🔥Let’s discuss in the comments!
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💰💰💰💰💰5 Key Takeaways from Bitcoin’s Toughest Month Since 2022 Bear Market
Bitcoin (BTC) is at a ten-day low before April closes.
Market experts are taking a closer look at key support points as selling activity remains strong.
Bitcoin (BTC) is at a ten-day low as April ends, raising concerns. The cryptocurrency faces huge resistance after a week of selling during Wall Street trading hours.
Bitcoin’s Worst Month in 2024?
Bitcoin bulls faced economic and geopolitical uncertainty throughout April. By the close of the April candle, Bitcoin could be headed for its worst month of 2024.
Conditions remain challenging as sellers are interested in current prices and all-time highs. Price discovery is just $12,000 away, but these levels seem unattainable. Therefore, market analysts are looking for important support areas if bearish pressure persists.
Future Views Some optimists believe that BTC/USD is just fluctuating and will continue the bull run of the first quarter. The recovery could be driven by Hong Kong’s launch of its own spot Bitcoin ETF, less than four months after the launch of a similar ETF in the U.S.
BTC/USD fell after the Asian session closed, disappointing Bitcoin traders. Even at $62,000, April could be down more than 12%. This would be Bitcoin’s worst month since November 2022.
The spot Bitcoin ETF is expected to debut in Hong Kong next week, which would revolutionize institutional use of Bitcoin. This could increase Bitcoin’s liquidity and stabilize prices. However, the regulatory environment, investor opinion, and macroeconomic variables that affect Bitcoin’s price will determine its success and market influence.
As Bitcoin approaches key support levels, analysts are increasingly interested in the total cost basis of short-term Bitcoin holders. This group of speculative investors has held BTC for up to 155 days.
Despite the weak BTC price action, smaller retail investor interest is recovering. Bitcoin wallets below 100 BTC are increasing their exposure, indicating that retail holders are buying Bitcoin again.
🔥Must-Watch Today🔥$SHIB Retraces as Market Volatility Rises — Is It Time to Buy?
Shiba Inu fell 4% to $0.00002358 in 24 hours, while the crypto market fell 2%.
SHIB is down 12% in a week and 21% in a month, but is still up 128% last year.
As SHIB is in a long-term uptrend, today’s sell-off could be a good time to buy the coin.
As the market is expected to recover soon, this opportunity won’t last long.
SHIB’s chart shows how the coin has performed over the last week, though signs are reaching historical thresholds for a rally.
The biggest feature of the chart below is the confluence of the coin’s resistance (red) and support (green) levels, reaching a critical point when huge moves usually occur.
SHIB’s relative strength index (purple) indicates good upside momentum as the RSI fell below 30 this morning.
This suggests that the coin is oversold and cheap compared to previous price swings.
Over the weekend, SHIB’s 30-day average (orange) fell below its 200-day average (blue), suggesting a reversal is needed.
Less positive is Shiba Inu’s trading volume, which stands at $400 million today compared to $13 billion at the beginning of March.
This suggests a significant reduction in demand for the token, but the market may still be ignoring SHIB despite its sound fundamentals.
Last week, Polygon Ventures and other investors provided $12 million to Shiba Inu’s creators to build a privacy-focused third-layer network.
This shows how Shiba Inu plans its development and evolution to become an ecosystem rather than a meme token.
This is evidenced by ShibaSwap, its DEX, and Shibarium, whose second-layer network has completed over 400 million transactions.
Due to its utility, Shiba Inu’s price could rise to $0.000040 by summer.
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Latest Meme Coin Presale Is About to Start, Resulting in a 10% Price Drop of $BONK
As the market capitalizations of market leaders Bitcoin (BTC) and Ethereum (ETH) fall, the value of Solana’s second-largest meme currency, Bonk (BONK), has also fallen, dropping 8% overnight.
As of Monday morning UTC, the current price of one Bonk is $0.00002427. It has fallen more than 50% from its all-time high of $0.00004547 on March 4 of this year.
For context, Bitcoin fell 2.3% overnight and is currently trading at around $62,309, and Ethereum fell 4.3% and is currently trading at $3,171, according to CoinGecko.
Compared to the market leaders, meme currencies have been hit hard recently. The leading cryptocurrency in the space, Dogecoin (DOGE), saw its market capitalization drop 5.3% to $0.1413.
While Bonk’s on-chain partner and number one Solana meme coin DogWifHat (WIF) has fallen 3.5% in the past 24 hours, Pepe (PEPE) and Floki (FLOKI) have both plunged 8% overnight.
Cryptocurrency investors have become more cautious amid concerns that the U.S. central bank may decide to keep interest rates high for an extended period of time at this week’s Federal Reserve meeting.
But there is one indicator that suggests Bonk is doing well. At current pricing, its value is up 17.5% from last week. This seven-day gain is more than the market valuation of every cryptocurrency in the top 100 today.
On BONK’s trading chart, we can see a normal rise and fall in the price of the coin over the past three months. Although Bonk has been trading fairly steadily following the overall market rally in late February and early March, it did bounce back to its all-time high.
Expect Bonk to maintain its current stable levels in the near future, thanks to the coin’s solid support around its current price and an RSI reading of 40 and rising.
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