This week, Bitcoin staged an impressive rally. The world's largest cryptocurrency managed to claw its way up to the $70,000 level over the past four days. However, it now appears to be facing stiff resistance as it struggles to break through the $71,000 mark. The question on everyone's mind is if this rally still has legs or if it will run out of steam. While Bitcoin's price movements captivated traders, a series of other pivotal events unfolded. Major firms announced bold Web3 and AI initiatives, while regulatory bodies doubled down on enforcement actions against crypto firms
Bitcoin entity combines $140 million of BTC mined in 2010 into a single walletAn unknown individual or entity consolidated 2,000 bitcoin received as mining rewards dating back to 2010
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PEPE PRICE PREDICTION: WILL PEPE COIN DOMINATE DOGECOIN AND SHIBA INU IN 2024?
Meme coins are renowned in the cryptocurrency market for boosting investor morale, particularly during periods of market turbulence or stagnation. For enthusiasts of meme coins, the newly-introduced “PEPE” coin is one not to be overlooked. It has established a remarkable benchmark, experiencing an extraordinary surge of nearly 7,000% since its debut in April 2023. Memecoins, themed after popular memes, exemplify this trend, with Pepecoin being a prime example. Pepecoin drew inspiration from the “Pepe the Frog” meme, originally featured in Matt Furie’s comic “Boy’s Club.” The initial market dynamics of Pepecoin were significantly influenced by frog-themed memes propagated by its creators and supporters on social platforms. Pepecoin demonstrates how crypto communities can unite around cultural symbols, often overlooking the underlying economic fundamentals of the asset. It follows in the footsteps of dog-themed meme coins like Dogecoin and Shiba Inu. Dogecoin gained prominence with backing from billionaire Elon Musk, achieving a market capitalization of $10 billion. Shiba Inu, meanwhile, boasts a market cap exceeding $5 billion. Pepecoin, by contrast, currently holds a more modest market cap of around $464 million, which is far less than its peak value of $1.5 billion in May 2023. Following its remarkable bull run, the well-known meme coin Pepe has recently experienced a slowdown. However, even with this downturn, large investors are still actively acquiring PEPE. This raises an important consideration: is investing in Pepe a worthwhile decision? Can it surpass the dominance of leading meme coins, including Shiba Inu and Dogecoin? How Much is Pepe Coin Worth Today? The current price of Pepe today stands at $0.0000075, with a 24-hour trading volume of $45.06M. It has a current market cap of $595M and holds a market dominance of 0.04%. The PEPE price has seen a 2.8% increase in the last 24 hours. Pepe Coin achieved its peak on May 5, 2023, reaching the highest price paid of $0.000004408. The record lowest price for Pepe Coin is not specified, but it hit a cycle low at $0.0000006088 following its all-time high. Conversely, the highest price Pepe Coin attained since its last cycle low was $0.051455, marking the cycle high. Talking about how many pepe coins there are, the amount is currently at 417.5 trillion, which is the current circulating supply. Pepe price analysis: PEPE price continues to consolidate around $0.000008 TL; DR Breakdown PEPE price analysis shows that Pepe coin initiated a consolidation around $0.000008Resistance for Pepe is present at $0.00000852Support for PEPE/USDT is present at $0.00000592 The PEPE price analysis for 25 March confirms that PEPE price continues to witness a tough battle among traders in validating a clear trend. However, buyers defend the $0.000006 level strongly.
Pepe and Book of Meme climb as renowned analyst dubs memes “new asset class”
The next wave of meme coin excitement looks set to take off as Pepe and Book of Meme embark on a steady upward trajectory. This is enabled as the broader market acceptance of meme coins grows. Mechanism Capital co-founder Andrew Kang recently called meme coins “the emergence of a new asset class.” The comment reflects an accelerating sentiment that meme coins are here to stay. Currently, Pepe is trading at $0.000007579, finding support around $0.000007 after touching from lows of $0.000006 earlier last week.
Pepe and Book of Meme climb as renowned analyst dubs memes “new asset class” The next wave of meme coin excitement looks set to take off as Pepe and Book of Meme embark on a steady upward trajectory. This is enabled as the broader market acceptance of meme coins grows. Mechanism Capital co-founder Andrew Kang recently called meme coins “the emergence of a new asset class.” The comment reflects an accelerating sentiment that meme coins are here to stay. Currently, Pepe is trading at $0.000007579, finding support around $0.000007 after touching from lows of $0.000006 earlier last week.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amidst a fervent market, Pepe and Book of Meme tokens surge by 4% and 8%, respectively. Dogecoin20, a new presale meme coin, crosses $8 million as its IEO approaches. The meme coin refuses to back down as Pepe and Book of Meme soar 4% and 8%, respectively. Meanwhile, the new presale meme coin Dogecoin20 has surpassed the $8 million mark, enthralling market participants as its IEO approaches
Imagine the possibilities! With PEPE on the rise, now is the perfect time to seize this opportunity and make your money work for you. Don't miss out on this chance to ride the wave of success and watch your investment grow exponentially. 👉But remember, trading comes with risks, and market conditions can change. So, always do your research and invest wisely. With the right strategy, you could be on your way to financial freedom with PEPE! 🚀💸 ❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT
Looks like Bitcoin's wild ride has finally hit a bit of a roadblock. Just when we thought the OG crypto was unstoppable, inflation data and rumors of Grayscale potentially selling off some of their holdings have thrown a wrench in the works. As Bitcoin took a breather, the rest of the market followed suit, slowing down their momentum like a chain reaction. But hey, that's how crypto works! While some might be scratching their heads and wondering if the recent euphoria was a bit too much too soon, we're here to keep you in the loop with today's top crypto news. TLDR: Bitcoin's rally cracks under pressureUK judge says "no way, José" to Craig Wright's claims of being Satoshi NakamotoU.S. senators urge SEC to pump the brakes on new crypto ETF approvalsCrypto.com gets penalized for playing fast and loose with Dutch regulationsXverse integrates Runes protocol to spice up Bitcoin token creation and trading
DOGE, SHIB rallies pause as prices drop by 13% – New predictions?
Dogecoin clung to a support level while Shiba Inu bears found relatively more successBearish pressure is expected to continue rising this week Dogecoin [DOGE] and Shiba Inu [SHIB] both saw more than 15% losses since the early hours of the 14th of March. This came alongside weakness for Bitcoin [BTC] whose bulls were unable to defend the $70k level. The price action indicated that the meme coins were headed for more losses, but the long-term trend remained bullish. Yet, investors and traders could be concerned about the possibility of a lengthy consolidation phase in the coming weeks and months.