According to AMBCrypto: $PEPE Price Analysis
PEPE’s price at press time was $0.0000072. This value was a 7.93% increase in the last 24 hours, indicating that the memecoin was recovering from its recent decline.
The MCA had increased to 32.25. For those unfamiliar, the MCA tracks the activity of long and short-term investors.
With this metric, one can have an idea of the sentiment around a cryptocurrency.
When the MCA decreases, it means that a lot of new tokens have been accumulated. In most cases, these tokens are retired to a cold wallet whereas a high MCA suggests frequent movement of old-age tokens.
In PEPE’s situation, the high MCA, if not terminated, could be a stumbling block to the price hike. However, if old coins stop moving location, the price might stabilize, and the losses experienced of late, might be wiped out.
In the meantime, the volume of the token increased in the last 24 hours. If the volume continues to rise as the price climbs, then the value might ignore the short-term sentiment, and possibly hit $0.0000075.
