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Pepe’s Rapidly Soaring $2.5B Futures Outstrip ARB & Optimism PEPE’s overwhelming dominance on Futures triggers a big surge in demand with PEPE surpassing ARB, OP by global market cap. In a rather surprising turn of events, the popular frog-themed meme coin Pepe (PEPE) surged past Arbitrum (ARB) and Optimism (OP). These two popular Layer-2 blockchains built atop Ethereum (ETH) now encircle a smaller market capitalization than PEPE. PEPE Inks 11% Daily Gains Against All Odds 1.PEPE’s price trend reversal came on May 1, after the token fell to its monthly lows at $0.00000609. As the general crypto markets succumbed to an all-round drawdown, the leading crypto asset, Bitcoin (BTC), plunged to $56K, a level unseen since late February 2024. 2.PEPE coin flips two popular Layer-2 blockchains by global market cap. 10 days ago, Coinbase listed PEPE on Futures after numerous delays. PEPE jumped into crypto’s TOP 30 as Futures volume surpassed DOGE. What run it will make

Pepe’s Rapidly Soaring $2.5B Futures Outstrip ARB & Optimism

PEPE’s overwhelming dominance on Futures triggers a big surge in demand with PEPE surpassing ARB, OP by global market cap. In a rather surprising turn of events, the popular frog-themed meme coin Pepe (PEPE) surged past Arbitrum (ARB) and Optimism (OP). These two popular Layer-2 blockchains built atop Ethereum (ETH) now encircle a smaller market capitalization than PEPE.

PEPE Inks 11% Daily Gains Against All Odds

1.PEPE’s price trend reversal came on May 1, after the token fell to its monthly lows at $0.00000609. As the general crypto markets succumbed to an all-round drawdown, the leading crypto asset, Bitcoin (BTC), plunged to $56K, a level unseen since late February 2024.

2.PEPE coin flips two popular Layer-2 blockchains by global market cap.

10 days ago, Coinbase listed PEPE on Futures after numerous delays.

PEPE jumped into crypto’s TOP 30 as Futures volume surpassed DOGE.

What run it will make

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Ripple: Here’s When XRP Can Reclaim its All-Time High of $3.40 The cryptocurrency market is showing signs of a recovery after a slight dip following the announcement that US authorities have sentenced Binance chief Changpeng Zhao (CZ) to four months in prison. Other assets, such as Ripple’s XRP token, also show signs of a rebound.XRP has rallied 2.5% in the daily charts and 7.8% in the 14-day charts. However, the asset is still down by 10.7% over the previous month. The slight rebound could be the effects of Bitcoin’s (BTC) recent halving. Historically, BTC’s halving has led to a market rally. However, Ripple’s XRP is still a long way down from its 2018 peak. The asset is down by nearly 85% from its all-time high of $3.40, which it attained in January 2018, over six years ago. According to Changelly, XRP could reclaim its all-time high in 2028, about four years from now. The platform anticipates the asset to hit a maximum price of $3.57 for the year. One of the most significant barriers to XRP’s price is Ripple’s ongoing lawsuit with the US SEC (Securities and Exchange Commission). The SEC has accused the fintech company of selling unregistered securities. However, a district court ruled partially in favor of Ripple last year, stating that the sale of XRP to retail clients did not breach securities laws. Nonetheless, the lawsuit is now in the high court, and investors await a verdict. If the high court rules similarly to the district court, we may witness a sudden surge in XRP’s price and adoption. #BullorBear #BinanceLaunchpool #BitcoinETFs #BTC #buythedip
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PEPE Vs BONK: Sell or Hodl? After a recent global crypto market crash that saw Bitcoin price fall below $60,000, the crypto community is closely monitoring the performance of meme coins; PEPE and BONK. While investors may be uncertain on whether to sell or hold onto their investments, it is crucial to conduct a thorough analysis to help make a well-informed decision. Exploring the complexities of PEPE’s and BONK’s market dynamics, this article offers understanding of their possible price trends. When considering whether to sell or HODL regarding PEPE versus BONK, it’s crucial to delve into the technical analysis and indicators guiding their market performance. Looking at PEPE, its moving averages present a mixed picture. While the exponential and simple moving averages across various timeframes lean towards a buy signal, indicating potential upward momentum, the Ichimoku Base Line remains neutral. However, oscillators like the MACD Level suggest a buy, aligning with the moving averages’ bullish sentiment.Additionally, the Relative Strength Index (RSI) is neutral, reflecting a balanced market sentiment without significant overbought or oversold conditions. Considering Fibonacci support and resistance levels, PEPE appears to be hovering around pivotal points. Its price seems to have support at the Fibonacci level of $0.000006469811, while resistance is visible around $0.000008998569. Considering these technical indicators, investors might lean towards a cautious HODL approach for both PEPE and BONK. While the moving averages and some oscillators suggest potential upward momentum, it’s essential to monitor how these cryptocurrencies respond to support and resistance levels, as well as any shifts in market sentiment indicated by oscillators like the RSI. #PEPE❤️ #BONK🔥🔥 #pepeisonmymind #Memecoins #BullorBear
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Cryptocurrency: 3 Meme Token Dips To Indulge In For Fast Profits The cryptocurrency market is facing an intense dilemma, mulling over whether to inject more funds into the market or not. The dilemma has been triggered by the latest Bitcoin crash, spreading unease among investors. However, per notable financial analyst Elja, The current price slip is a response to the external market pressure, which will eventually help Bitcoin pick up its pace.Here’s our latest pick to help broaden your meme coin profit horizons. 1: Shiba Inu:Shiba Inu is dubbed an OG crypto meme token for many reasons. The token is backed by a solid community of loyalists and creators who are continuously working towards expanding its ecosystem. SHIB has historically been known to birth millionaires and disseminate profits over a set period of time. Moreover, the token is projected to surge 200% in May, adding more flavor to its ever-expanding user base. Per CoinCodex, Shiba Inu may surge up to 200% in May 2024. 2: Dogecoin:Dogecoin is another prolific crypto meme token to hold, primarily due to its increasing popularity and user base. The token is endorsed and explored by Tesla CEO Elon Musk, who has earlier given interviews praising Dogecoin as a lucrative investment tool.According to CoinCodex, Doge is also expected to note a 300% surge by the end of 2024, doubling the chance to distribute decent profits to its investors and holders. 3: BONK: The Solana-inspired Dog meme token BONK has shaken up the crypto world by showing its stellar league of price ascents. The token is currently up 8% in the last 24 hours, beating away last week’s dumping blues to trade in the green. According to CoinCodex, BONK may spike by 200% in May and might bounce to trade at $0.000109 by the end of 2024. BONK’s consistent price track makes it an attractive token to hold and explore for fast profits. #BONK🔥🔥 #DogecoinDay #dogwifhat #Memecoins #BullorBear
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Ripple: $500M In XRP to Unlock As Traders Fear An Impending Fall Amid the digital asset markets’ overall downturn today, Ripple is set to have $500 million XRP unlocked as traders fear an impending fall. Indeed, the firm is set to commence with its monthly release of XRP from escrow. Indeed, May 1st is set to bring 1 billion in XRP tokens onto the market.The process is nothing new to Ripple Labs. Specifically, the firm seeks to boost market liquidity to ensure cross-border transaction smoothness through the monthly release. Moreover, May’s iteration of the practice represents more than 1.8% of the circulating supply, and nearly 2.5% of all XRP in escrows controller by the firm. The digital asset market has undergone a massive decline in value for the entire digital asset market. Yet, with the industry’s market cap dropping 6%, Ripple (XRP) seems to be faring quite well. Over the last 24 hours, the asset is actually up almost 0.5% according to CoinMarketCap. However, that may be set to change amid one of the company’s routine developments. Specifically, Ripple is set to unlock $500 million worth of XRP as traders worry about an impending price fall. Indeed, there is present concern over the downward pressure placed on XRP. All of those represent massive volatility for the asset. Yet, the biggest question pertains to whether or not the fears will manifest for investors. The presence of the unlock has many worries, but its routine nature may have it already priced into the market.Only time will tell, but the reality is that May has not arrived with much optimism for a plethora of tokens. Moreover, the market sentiment could increase volatility for investors and showcase a much more unpredictable market overall. #xrp #RippleXRP? #buythedip #BullorBear #Memecoins
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Shiba Inu’s massive 1.6B April burns fail to fire up a price rally – Why? Recent data from Shibburn indicated that in April, over 1.6 billion Shiba Inu tokens were burned across 204 transactions. Further analysis revealed that a substantial number of SHIB tokens, over 410 trillion, are currently held in null addresses.In contrast, approximately 582 trillion tokens remain in circulation. At the time of this writing, the total number of tokens burned was 2.3 million. Despite this significant burn rate, it appears that the reduction in the volume of SHIB tokens in circulation has not notably impacted the overall volume remaining in circulation. SHIB price trend falls in April:AMBCrypto’s analysis of the daily timeframe chart revealed a decline in the price of Shiba Inu during April compared to the previous month. The analysis indicated that SHIB began trading in April at around $0.000028, experiencing an initial decline of over 6.8%. Throughout the month, the price continued to trend downwards, resulting in the short-moving average (yellow line) transitioning from a support to a resistance level. This shift indicated a poor performance for SHIB as it traded below the yellow line. By the end of April, the price had dropped to approximately $0.0000022, reflecting a decline of over 7%.At the time of this writing, SHIB was trading at around $0.0000021, with a further decline of over 5%. Furthermore, analysis using the price range tool showed that SHIB had lost over 26% of its value from the beginning of April to the present.Despite significant token burns during the month, the price trend suggests that these burns did not have a substantial impact on SHIB’s value. #SHIBARMYSTRONG. #Shibalnu #ShibaInuSaga #Memecoins #BullorBear
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