$PEPE Pepe Coin is currently trading at $0.00000845 after losing -9.46% in the last 7 days. According to our price prediction, the price of PEPE will rise by 48.51% in the next 7 days and reach $0.00001257. The long-term forecast for Pepe Coin is bullish, as our Pepe Coin price prediction estimates that the PEPE price will reach $0.00002253 1 year from now, which would represent a 166.29%
PEPE Price Prediction based on Worldwide Money Flows
Comparing the size of the cryptocurrency market to the money supply can provide an interesting perspective. The predictions in this section are based on comparing the total cryptocurrency market cap with the size of different money supply types: M0, M1 and M2. If a greater percentage of money flows into crypto, Pepe Coin would likely be worth the indicated amount (assuming it maintains its current market share).
The M0 money supply is the total of all physical currency, plus accounts at the central bank which can be exchanged for physical currency. Currently, the total cryptocurrency market cap is at 24.39% of the M0 money supply. If the crypto market cap were equivalent to 32% of the M0 supply and Pepe Coin had the same share of the cryptocurrency market as today, PEPE would be trading at $0.00000184.
$BTC The latest price for one Bitcoin/BTC coin is $60,482. It's down by -0.70% in the last 24 hours. 52.87% of days, the price of BTC closed above the opening. The maximum price ever recorded in our base for one BTC is $72,689, it was and 4 Months ago, currently price is down by -16.79% from that high.
From a total of 17 technical indicators, 3 calls to buy, and 10 to sell, the prediction sentiment short-term is bearish based on technical price analysis. The first major uptrend resistance for BTC is at the $62,441 level, it needs to close above that level to continue to move higher, and bottom support sits at $60,316. So if the price falls below $60,316, we may see the price go even lower. On the other hand, if it will be able to close above the $62,441 level, it can go up to the next resistance level at $65,026.
The 14-day relative strength index (RSI) is currently at 36.34, indicating Natural conditions in the market without being oversold or overbought. Similarly, the weekly chart's relative strength index (RSI) is at 63.48, also indicating natural conditions in the market
Oof, the deep freeze has hit the crypto market AGAIN! The recent bloodbath on Satoshi Street has affected all crypto assets, with Bitcoin dropping nearly 20% from its $70,000 high and many altcoins falling by 50% or more. This sharp decline is due to several factors converging to create a perfect storm of market troubles.
We seek to answer your major question, which is: why the decline?
Key Factors Behind the Crypto Sell-Off
Geo-Political Tensions
Geopolitical tensions are having a significant impact on the market, with rising conflicts affecting investor confidence. As these issues escalate, they create additional challenges for the cryptocurrency market, further destabilizing it.
Market in Recession Fear Grip
Fears of a recession are another crucial factor. Economic indicators suggest a potential downturn, leading investors to become more cautious and sell off various assets, including cryptocurrencies. The Sahm Rule Recession Indicator has surpassed the 0.50 threshold, historically indicating the beginning of a recession in the U.S. economy.
Global Impact of the Yen Unwind
The recent drop in the crypto market is partly due to the Bank of Japan’s decision to raise interest rates from 0% to 0.25%. This is the first rate hike in years, increasing the cost of maintaining leveraged investments funded by cheap yen. As a result, investors have fewer funds to invest in crypto assets, causing instability across financial markets.
$PEPE What’s Cooking With the Pepe Price Rally? It is Preparing to Plunge Below $0.0001 or Rise to $0.000015?
The crypto markets are again consolidating as the bears are trying hard to reclaim their dominance, which has shaken in the past few days. Ever since Bitcoin’s price attempted to hit $70,000, market participants have been pretty bullish on the upcoming price action. Besides, the altcoins are also displaying huge potential to maintain a healthy upswing, with the majority of the tokens within the top 10 thriving hard. However, the memecoins, specifically the Pepe price, are experiencing extreme upward pressure while the bulls are trying to find a strong base to trigger a healthy rebound.
The PEPE price is ranging within a narrow range from the past fortnight as the bulls are failing to sustain above $0.000012. After holding the zone for a while, the price began to descend, and it was expected that the memecoin would drop below $0.00001. The bulls managed to prevent excessive loss and after plunging slightly below $0.000012, the token appears to be ready for the next price action.
The DMI or directional movement indicator, helps to determine the direction of the token and continues to remain neutral while the ADX is heading towards the lower support. Besides, the Bollinger bands are contracting while the volume is plunging, which suggests the price is expected to consolidate below the crucial resistance zone. Hence, the PEPE price is believed to maintain a horizontal consolidation for a while and after hitting the ascending trend line, the bulls could trigger a strong ascending trend and achieve $0.000015 in the coming days.
$ETH In the United States, spot Ethereum exchange-traded funds (ETFs) have seen positive daily net inflows for the first time since their launch, primarily due to the slowing sales pressure from Grayscale Ethereum Trust. According to preliminary data from Farside Investors and Tree News, net inflows across all nine spot Ethereum ETFs reached $33.6 million on July 30. What Is Happening in the Ethereum ETF Sector?
Although the figure itself is not very impressive, it is the first time the funds have recorded an inflow outside of their launch day. Since July 24, approximately $547 million has exited spot Ethereum investment products. BlackRock’s iShares Ethereum ETF (ETHA) offset the largest inflows on July 30 with $117.9 million.
Fidelity’s Advantage Ethereum ETF (FETH) gained $16.4 million, while Bitwise Ethereum Fund (ETHW) and Franklin Ethereum ETF (EZET) gained $3.5 million and $3.7 million, respectively.
Meanwhile, Grayscale’s ETHE fund saw its lowest day of outflows at just $120.3 million, which is only a quarter of its launch day outflows. Ethereum advocate Anthony Sassano commented on the positive turnaround, calling it Larry Fink’s birthday gift to Ethereum.
$XRP Whales Take Action Whale Alert, a service that monitors significant blockchain transactions, reported significant movements involving XRP on July 30. Notably, whales transferred 70 million XRP tokens, valued at approximately $42.48 million, from the Binance exchange. These transfers were executed across three transactions within a 24-hour period, raising curiosity in the cryptocurrency community.
What Will XRP’s Price Be?
Analysts suggest that XRP’s price might be on the brink of a major movement, as indicated by the formation of a symmetrical triangle on daily charts. This pattern is often observed before significant price shifts. Historical data points to the potential for XRP to reach $0.73 and $0.85 if it breaks the $0.618 level in daily candle closes.
$XRP XRP Decouples From Bitcoin in Epic Price Reversal: Details
In a remarkable feat, XRP, the sixth largest cryptocurrency by market cap has decoupled from Bitcoin, showcasing a remarkable price reversal.While Bitcoin (BTC) has dipped by over 5% in the last 24 hours, XRP has surged by nearly 5%, highlighting its independence from the broader cryptocurrency market trend.At the time of writing, XRP was up 3.78% in the last 24 hours to $0.6327, as nearly the entire crypto market traded in red. The token was likewise up 6.21% in the last 24 hours.The crypto market extended Monday's sell-off as traders looked ahead to central bank meetings this week. XRP, on the other hand, reversed Monday's losses to trade in green.XRP subsequently rose from a low of $0.597 to reach an intraday high of $0.635 before settling at its current price
$PEPE According to our Pepe forecast 2024, the coin could reach a peak of $0.00001722, with a potential low of approximately $0.000000862 in 2024. Pepe Eats Solana could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe Eats Solana (PEPEATS), a new Solana memecoin that was launched recently, is poised to explode over 19,000% in price in the coming days.
DOGS is a Telegram-native meme coin. They are bringing Spotty’s (Durov’s beloved mascot) legacy into the world of cryptocurrency, creating something fun and community-driven.
DOGS is airdropping free tokens to active Telegram users. Chat with their Telegram bot and complete verification to receive free DOGS depending on the age of your Telegram account
$BTC 📈 An important indicator signals for continued market growth in the mid-term
💰Stablecoin inflows to exchanges have resumed.
For those out of the loop, USDT issuance or their inflow to exchanges from cold or hot wallets fuels $BTC and the market’s growth.
The entire correction from March to July was marked by stablecoin outflows from exchanges. During the last dump to 54k and as Bitcoin rises, we’re seeing stablecoin inflows to exchanges again.
In the mid-term, this setup strengthens the belief in crypto growth, so hang tight and don’t fall for local FUD news pushing investors to sell prematurely)
$RAY According to our current Raydium price prediction, the price of Raydium is predicted to rise by 230.93% and reach $ 8.19 by August 19, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 74 (Greed). Raydium recorded 20/30 (67%) green days with 9.85% price volatility over the last 30 days. Based on the Raydium forecast, it's now a good time to buy
$AEVO According to our current Aevo price prediction, the price of Aevo is predicted to rise by 228.04% and reach $ 1.798353 by August 19, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 74 (Greed). Aevo recorded 17/30 (57%) green days with 9.61% price volatility over the last 30 days. Based on the Aevo forecast, it's now a good time to buy Aevo.
$PEPE According to our current Pepe Coin price prediction, the price of Pepe Coin is predicted to rise by 227.55% and reach $ 0.00003987 by August 19, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 74 (Greed). Pepe Coin recorded 13/30 (43%) green days with 12.62% price volatility over the last 30 days. Based on the Pepe Coin forecast, it's now a good time to buy Pepe Coin.