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Crypto: Trader Turns $27 Into $52 Million Using Pepe Memecoin
A cryptocurrency trader turned a $27 investment in the Pepe memecoin into a whopping $52 million profit, according to blockchain analytics firm Lookonchain.
In a post made on X on December 14, crypto intelligence firm Lookonchain revealed that an unknown trader of Pepe
$PEPE
tickers down
0,00002071 €
pocketed profits that changed his life.
“A $PEPE whale, who had been inactive for 600 days, moved all of his 2.1T $PEPE ($52 million) to a new address… Going from $27 to $52 million — an extraordinary 1,900,000x return!”
In a post made on X on December 14, crypto intelligence firm Lookonchain revealed that an unknown trader of Pepe
$PEPE
tickers down
0,00002071 €
pocketed profits that changed his life.
“A $PEPE whale, who had been inactive for 600 days, moved all of his 2.1T $PEPE ($52 million) to a new address… Going from $27 to $52 million — an extraordinary 1,900,000x return!”
✨
Over the past 24 hours, PEPE has experienced a decline of approximately 6.18%, with its price decreasing from $0.00002315 to around $0.00002176.
This downward movement has brought PEPE closer to its immediate support level at $0.00002141. The recent rejection near $0.00002365 indicates strong resistance, suggesting that unless bullish momentum returns, further declines toward $0.00002100 or lower are possible. The 24-hour trading volume stands at approximately $2.3 billion, indicating significant market activity with sellers currently dominating the short-term trend.
On the 4-hour chart, PEPE's price action shows a consistent series of lower highs, confirming bearish momentum. If the support at $0.00002141 fails to hold, a sharper decline could ensue, potentially testing $0.00002100. However, a rebound above $0.00002292 could provide room for bulls to aim for $0.00002365 and higher. Traders should monitor these critical levels as volatility picks up, with caution advised on further dips.
Looking ahead, various analyses offer differing predictions for PEPE's price by the end of 2024. Changelly's AI algorithm forecasts an average price of $0.0000669, while CoinPedia anticipates an average of $0.0000546198. CoinCodex projects a maximum price of $0.00007616, and AMBCrypto's analysis suggests an average of $0.000024.
It's important to note that cryptocurrency markets are highly volatile, and these predictions should be approached with caution. Market dynamics can change rapidly, and investors should conduct thorough research and consider multiple factors before making investment decisions.
#Write2Earn! $PEPE
This downward movement has brought PEPE closer to its immediate support level at $0.00002141. The recent rejection near $0.00002365 indicates strong resistance, suggesting that unless bullish momentum returns, further declines toward $0.00002100 or lower are possible. The 24-hour trading volume stands at approximately $2.3 billion, indicating significant market activity with sellers currently dominating the short-term trend.
On the 4-hour chart, PEPE's price action shows a consistent series of lower highs, confirming bearish momentum. If the support at $0.00002141 fails to hold, a sharper decline could ensue, potentially testing $0.00002100. However, a rebound above $0.00002292 could provide room for bulls to aim for $0.00002365 and higher. Traders should monitor these critical levels as volatility picks up, with caution advised on further dips.
Looking ahead, various analyses offer differing predictions for PEPE's price by the end of 2024. Changelly's AI algorithm forecasts an average price of $0.0000669, while CoinPedia anticipates an average of $0.0000546198. CoinCodex projects a maximum price of $0.00007616, and AMBCrypto's analysis suggests an average of $0.000024.
It's important to note that cryptocurrency markets are highly volatile, and these predictions should be approached with caution. Market dynamics can change rapidly, and investors should conduct thorough research and consider multiple factors before making investment decisions.
#Write2Earn! $PEPE
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🚨 5.8 BILLION $DOGE MOVED IN 24 HOURS: IS A DOGECOIN RALLY IMMINENT? 🚨
Dogecoin is showing signs of potential breakout behavior after 5.8 billion DOGE tokens were transferred within the last 24 hours. This dramatic activity spike has set the stage for what could be the start of a bullish phase as Dogecoin appears to enter an accumulation period.
Market Overview
Current Price: $0.3983, reflecting a minor 1.68% decrease in the last 24 hours.Trading Volume: Surged by 21.50% to $3.64 billion, signaling heightened market interest and activity.Key Range: DOGE remains range-bound between $0.33840 (support) and $0.48310 (resistance).
What’s Driving the Market Shift?
Whale Activity:
Dormant tokens are being moved in significant quantities, often a precursor to major market action.Accumulation Phase:
Dogecoin’s tight price range suggests a battle between buyers and sellers, with no clear upper hand. Accumulation phases often precede breakouts.200 EMA Breakout:
Technical indicators, including Dogecoin’s position above the 200-day Exponential Moving Average (EMA), suggest the potential for a bullish trend.
Why This Matters
Volume Spikes: A 21.50% surge in trading volume indicates growing market interest, often tied to shifts in sentiment and market behavior.Historical Patterns: Large token transfers and accumulation periods have historically preceded Dogecoin rallies, suggesting that the current consolidation may soon give way to a significant upward move.
What to Watch
Support and Resistance Levels:
Support: $0.33840 – If breached, expect further downside.Resistance: $0.48310 – A breakout here could signal the start of a sustained bull run.
Market Sentiment:
Continued whale activity and increasing trading volume will be key indicators of an impending rally.
Bullish Confirmation:
A sustained move above the 200 EMA could confirm the start of a new upward trend.
#MarketNewHype #Write2Earn! #ETHETFsApproved #Megadrop #doge⚡
Dogecoin is showing signs of potential breakout behavior after 5.8 billion DOGE tokens were transferred within the last 24 hours. This dramatic activity spike has set the stage for what could be the start of a bullish phase as Dogecoin appears to enter an accumulation period.
Market Overview
Current Price: $0.3983, reflecting a minor 1.68% decrease in the last 24 hours.Trading Volume: Surged by 21.50% to $3.64 billion, signaling heightened market interest and activity.Key Range: DOGE remains range-bound between $0.33840 (support) and $0.48310 (resistance).
What’s Driving the Market Shift?
Whale Activity:
Dormant tokens are being moved in significant quantities, often a precursor to major market action.Accumulation Phase:
Dogecoin’s tight price range suggests a battle between buyers and sellers, with no clear upper hand. Accumulation phases often precede breakouts.200 EMA Breakout:
Technical indicators, including Dogecoin’s position above the 200-day Exponential Moving Average (EMA), suggest the potential for a bullish trend.
Why This Matters
Volume Spikes: A 21.50% surge in trading volume indicates growing market interest, often tied to shifts in sentiment and market behavior.Historical Patterns: Large token transfers and accumulation periods have historically preceded Dogecoin rallies, suggesting that the current consolidation may soon give way to a significant upward move.
What to Watch
Support and Resistance Levels:
Support: $0.33840 – If breached, expect further downside.Resistance: $0.48310 – A breakout here could signal the start of a sustained bull run.
Market Sentiment:
Continued whale activity and increasing trading volume will be key indicators of an impending rally.
Bullish Confirmation:
A sustained move above the 200 EMA could confirm the start of a new upward trend.
#MarketNewHype #Write2Earn! #ETHETFsApproved #Megadrop #doge⚡
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