Binance Square
LIVE
LIVE
Crypto Web3 Today
Bullish
--9.3k views
Pepe Coin Rallies 13% Amid Meme Coins Sector Recovery, Price Hits New ATH. Pepe coin, a renowned frog-themed meme cryptocurrency, has continued to defy the broader market sentiments of a price correction and has once again surged to unprecedented levels. PEPE has hit new ATH amidst the meme coins sector recovery, solidifying its position and garnering significant attention across the global crypto realm. With weekly gains of over 50%, followed by an over 100% price upswing recorded over the past month, the meme coin has emerged as a favorite on crypto market traders' and investors' radar. Here's a brief report on the Pepe coin's current market statistics. Pepe Coin Bull Run: A Closer Look. Notably, PEPE kicked off the year on an optimistic note as the token embarked upon a bull run in March. Moreover, it sustained maintaining a hold above critical price levels, further continuing to pump to new ATHs. Pepe coin hit a new ATH of $0.00001559 today, May 25, piquing significant investor interest. This ATH comes on the back of a 13% price rally, as mentioned above. Despite Coinglass recording $4.58 million in liquidations, the token is rallying phenomenally today, garnering additional investor attention to the frog-themed meme token. Pepe coin has recently secured the 20th spot on the top cryptos by market cap list. Coupled with the abovementioned developments, PEPE paints a highly bullish market outlook. PEPE Price Rallies 13%. As of writing, PEPE's price has gained 12.33% in the past 24 hours and is currently trading at $0.00001548. Its 24-hour lows and highs are $0.00001366 and $0.00001559, respectively. Coinglass data illustrated mixed sentiments prevailing among investors, as OI surged 21.58%, although derivatives volume dipped 41.05%. The RSI continued to surf in the overbought territory, at 74, birthing market sentiments of a potential due price correction.

Pepe Coin Rallies 13% Amid Meme Coins Sector Recovery, Price Hits New ATH.

Pepe coin, a renowned frog-themed

meme cryptocurrency, has continued to defy the broader market

sentiments of a price correction and

has once again surged to unprecedented levels. PEPE has hit

new ATH amidst the meme coins sector

recovery, solidifying its position and

garnering significant attention across

the global crypto realm.

With weekly gains of over 50%, followed by an over 100% price upswing recorded over the past month, the meme coin has emerged as a favorite on crypto market traders' and investors' radar. Here's a brief report on the Pepe coin's current market statistics.

Pepe Coin Bull Run: A Closer Look.

Notably, PEPE kicked off the year on an optimistic note as the token embarked upon a bull run in March. Moreover, it sustained maintaining a hold above critical price levels, further continuing to pump to new ATHs.

Pepe coin hit a new ATH of $0.00001559 today, May 25, piquing significant investor interest. This ATH comes on the back of a 13% price rally, as mentioned above.

Despite Coinglass recording $4.58 million in liquidations, the token is rallying phenomenally today, garnering additional investor attention to the frog-themed meme token.

Pepe coin has recently secured the 20th spot on the top cryptos by market cap list. Coupled with the abovementioned developments, PEPE paints a highly bullish market outlook.

PEPE Price Rallies 13%.

As of writing, PEPE's price has gained 12.33% in the past 24 hours and is currently trading at $0.00001548. Its 24-hour lows and highs are $0.00001366 and $0.00001559, respectively.

Coinglass data illustrated mixed sentiments prevailing among investors, as OI surged 21.58%, although derivatives volume dipped 41.05%.

The RSI continued to surf in the overbought territory, at 74, birthing market sentiments of a potential due price correction.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Replies 3
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
@Crypto_Web3_Today

Explore More From Creator

$64.4 Million ETH Allegedly Withdrawn From Ethereum Foundation: What's Going On? Recent reports by crypto journalist Colin Wu reveal a significant transaction involving Ethereum (ETH), worth $64.4 million. The funds were moved from an account previously associated with the Ethereum Foundation, identified as ^ prime prime 0 * 8e * 23 , " to a newly created address, ^ prime 0 * 8798 . The original transaction in which the Ethereum Foundation sent 44,167 ETH, then worth $40,930, to ^ prime prime 0 * 8e * 23 " took place nine years ago on Nov. 20, 2015. As of now, this amount of Ethereum is equivalent to $154.58 million. This is not the first time that one of the key entities associated with the major altcoin token may have sold its ETH. However, it is one of the largest in recent times, with previous recent cases not exceeding 100 ETH, or $350,000. At one point, Vitalik Buterin, the founder of Ethereum, justified these sales with the need to cover the operating costs of the organization, or charity. Whether the possible sale of ETH worth tens of millions of dollars is justified by such a need remains a question. Ethereum (ETH) price outlook. Meanwhile, the price of the main altcoin continues to torment traders in the range of $3,400 to $3,900, and it still will not update its all-time high at $4,868. Uncertainty is added by the low-liquidity summer market and confusion with the dates related to the approval of spot Ethereum ETFs. However, experts expect the situation to be resolved soon.
--
Michael Saylor Makes Epic Bitcoin Call Amid Market Lull: Details. Michael Saylor, chairman and cofounder of MicroStrategy, has made an epic call to the crypto community: "Learn to think in Bitcoin." Saylor's message comes at a time when the crypto market is experiencing a lull, with Bitcoin and many major assets showing little to no movement. Bitcoin fell Friday to its lowest price in nearly a month, reaching lows of $65,005 before slightly rebounding. The price of Bitcoin currently sits at $66,571, per data from CoinMarketCap, up 0.40% on the day, while the current market performance remains mixed, with a handful of cryptocurrencies posting losses on the 24-hour time frame. As the market is relatively quiet, some, including Saylor, see this as a time for introspection and strategic thinking, hence the call to "learn to think in Bitcoin." Saylor began purchasing Bitcoin in 2020 as an inflation hedge and alternative to holding cash. Saylor's firm, MicroStrategy, has amassed around $12.7 billion in Bitcoin, or more than 1% of all Bitcoin ever created. The largest cryptocurrency by market capitalization has increased by more than 600% since Saylor began purchasing. Bitcoin has risen by roughly 60% this year, thanks in part to optimism regarding U.S. Bitcoin spot ETFs approved in January. MicroStrategy's stock has gained by around 135% over the same period. MicroStrategy upped its convertible note offering by 40% to $700 million last week, announcing plans to utilize the funds to buy more Bitcoin. While the context of Saylor's tweet remains subject to interpretation, the call to "learn to think in Bitcoin" might be a reminder to look at the bigger picture, beyond the short-term market volatility. On the other hand, Saylor's message might be a call to embrace the financial paradigm ushered in by cryptocurrencies, heralding a fundamental shift in how value and wealth are perceived.
--
Epic 441% Shibarium Surge Stuns SHIB Community. This week, Shibarium, the blockchain network tied to the Shiba Inu token, showed incredible on-chain performance that may astound the SHIB community. Over the past week, daily transaction volume there has increased by an astounding 441%, from 2,990 at the beginning of the week to 13,191 today. The increase in Shibarium activity is likely due to the recent surge in attention to Shiba Inu tokens amid market perturbations. As a result, the demand for transactions has increased too, resulting in higher transaction fees. Over the course of the past day, for example, transaction fees paid in BONE increased by 176%. The surge is a positive sign for the SHIB community. More transactions means more SHIB tokens are burned, reducing the overall supply and potentially increasing the value of the remaining tokens. Shibarium operates through the use of BONE tokens as a gas fee. Each transaction on the network burns a portion of SHIB by converting a portion of the BONE fee and sending it to a dead wallet. Moreover, the number of active accounts on Shibarium increased from 798 to 836 during the same period. This indicates that current users are becoming more engaged with the network, driving its dynamic growth, even though the number of new accounts has declined slightly. The network's impressive performance this week highlights its growing importance and utility within the Shiba Inu community. This growth is a strong indicator of the network's potential and the confidence of users.
--
Solana Meme Coin Dogwifhat (WIF) Skyrockets 5% Amid Market Lull. In a surprising move, Dogwifhat (WIF), a meme coin on the Solana blockchain, has surged by over 5% despite a general slowdown on the broader cryptocurrency market. This surprising rebound comes as a breath of fresh air as the market witnesses a period of stagnation. The cryptocurrency market is currently experiencing a lull, with many major assets showing little to no movement. Bitcoin and Ethereum, the market leaders, have held steady in their price, setting the tone for other cryptocurrencies. Market performance remains mixed, with a handful of cryptocurrencies posting losses in a 24- hour time frame. However, amid this market's lackluster action, Dogwifhat has managed to capture attention with its notable price increase. WIF has been steadily climbing since hitting a low of $2.20 in Friday's market decline, which saw Bitcoin fall to its lowest price in nearly a month, prompting a flurry of crypto long position liquidations. At the time of writing, Dogwifhat was extending its rebound, up 5.16% in the last 24 hours to $2.53, having hit intraday highs of $2.55. If today closes in the green, WIF might mark its second consecutive day of gains. The Solana meme coin currently ranks as the 41st largest cryptocurrency with a market valuation of $2.52 billion. Meme coins often experience volatility based on news and hype cycles; Dogwifhat's surprising rebound might have been aided by a recent memetic statement made by Galaxy Digital CEO Mike Novogratz on X that indirectly alluded to Dogwifhat. In a tweet, Novogratz enquired: "Anyone know where I can buy one of the hats from the dog? Perfect gift for someone I know." An X user responded "dogwifhatstore" to which Novogratz responded "Gracias." As Dogwifhat continues to rise, it may encounter resistance around higher price points mainly at the daily SMA 50 at $2.94, particularly if the overall market sentiment does not change. As the scenario evolves, it remains unknown if Dogwifhat can maintain its momentum or if this surge is a temporary spike.
--
Ethereum: 200,000 ETH Options Expiry Spurs Demand - How Far Can Price Go? Investors are bullish on Ethereum as the industry awaits the launch of Spot Ethereum ETFs. This sentiment is relayed through the recent expiration of Ethereum options contracts and the put- call ratio. According to data, over 200,000 ETH options recently expired, and the crypto community eagerly awaits the direction of the Ethereum price. Notably, the majority of the expiring ETH options are call options, meaning buyers are betting the price will rise. At the same time, the put-call ratio is at 0.36. This low value means market participants are currently buying more call options than put options. Options Show Surging Ethereum Demand. Options are contracts that give buyers the right, but not the obligation, to buy or sell an asset at a specific price on or before a certain date. If the Ethereum price is above the strike price of these options at expiry, buyers will likely exercise their right to buy ETH at a discount, which would drive the price up further. According to data, participants in the options market are betting on Ethereum's price increase despite the recent stagnation around $3,500. Particularly, the data shows that 200,000 ETH options worth $710 million recently expired due to Ethereum's failure to break above the $3,600 price mark. This means most options traders were betting Ether would be trading higher by now. Despite this, the sheer number of call options suggests the amount of demand pressure Ethereum is currently facing, which is set to continue into the next month. Hence, this is a good time for investors to lay out plans for next month's call options. How High Can Ethereum Price Go? Demand for Ethereum is spiking. This signals that traders expect the price to continue rising in the near term. Accumulation was at its highest in the middle of the week, with holders gobbling up more than 298,000 ETH in 24 hours.
--

Latest News

View More
Sitemap
Cookie Preferences
Platform T&Cs