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Wolfstreetz
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PEPE Price Rallies 20%, What’s Next? Whereas, today, May 22, PEPE’s price trajectory showcased gains worth 21.82% in the past 24 hours, standing at $0.00001349. The token’s 24-hour lows and highs are $0.00001094 and $0.00001422, respectively. It’s worth noting that the token also scaled a new ATH today, being the same as its 24-hour high. Meanwhile, Coinglass data further underlined a strong market uptrend for Pepe coin at press time. #pepe

PEPE Price Rallies 20%, What’s Next?

Whereas, today, May 22, PEPE’s price trajectory showcased gains worth 21.82% in the past 24 hours, standing at $0.00001349. The token’s 24-hour lows and highs are $0.00001094 and $0.00001422, respectively.

It’s worth noting that the token also scaled a new ATH today, being the same as its 24-hour high. Meanwhile, Coinglass data further underlined a strong market uptrend for Pepe coin at press time.

#pepe

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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So finally #Eth #ETFEthereum approved.. 🔥
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Until last week, the US SEC was not willing to engage with the issuers on the spot Ethereum ETF, however, it has suddenly taken a 180-degree turn this week. “It is a completely unprecedented situation, which means it’s entirely political. They’re not even internally coordinated yet, which is why this is most likely a political decision,” noted Sarah Wynn from The Block. Other sources also stated that with the U.S. Presidential elections approaching later this year, this could be politically motivated as well. The Biden reputation through the years has built its reputation for cracking down on the crypto market. On the other hand, former President Donald Trump has undertaken a pro-crypto stand and is willing to accept donations in crypto. “The problem is that the Democrats urgently need young voters to turn out for them. Biden’s campaign strategy is focused on presenting himself as a forward-looking octogenarian,” the source stated. The source added that President Joe Biden could gain an advantage if the SEC approves spot Ether ETFs. EVERYTHING HAS CHANGED. Democrats pushed back against Biden and Warren and voted for crypto. The FDIC chair that Warren was privately protecting and who orchestrated Chokepoint 2.0 is stepping down. The ETH ETFs are likely to be approved now as a result of the tide change.… — The Wolf Of All Streets (@scottmelker) May 21, 2024 #eth $ETH $PEPE
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Ethereum (ETH) and the broader cryptocurrency markets have rallied recently in the hope of the spot Ethereum ETF receiving approval this week. The Ethereum (ETH) price all the way past $3,800 registering more than 30% gains just in the last two days. However, everyone’s asking what led the US SEC to rush through the 19b-4 filings. There’s a talk going on that the decision to rush through the spot Ethereum ETF is more political rather than regulatory.
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Will SHIB Surge To $0.0001? The Shiba Inu price has successfully managed to breakout from the $0.000025, which served as a crucial resistance level. At the time of writing, the SHIB price was up by 1.39% to $0.00002562 on Wednesday. Meanwhile, the second-largest meme crypto boasted a market cap of $15.11 billion. Moreover, the 24-hour trading volume for SHIB spiked 33.58% to $1.17 billion. As earlier reported by Coingape, the SHIB price is poised to surge to $0.00003 or even $0.00005 if it continues to trade above the critical resistance level mentioned. Furthermore, a rally to $0.0001 can be eyed in the long-term if the bullish momentum sustains.
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Shiba Inu Coin Burn Rate Spikes Drastically The significant increase in the burn rate has reduced Shiba Inu’s market supply, which could have positive implications for its tokenomics moving forward. In the past 24 hours, the burn rate skyrocketed by 569.50%, according to Shibburn. Moreover, a total of 12.70 million SHIB tokens were incinerated in several transactions by the community. Notably, four specific wallet addresses played a major role in this spike. The wallet address 0xa9d1… was responsible for shifting 4.6 million SHIB to a dead wallet via two gigantic transactions recorded a few hours ago. Furthermore, another wallet address, 0x608…, transferred 1.01 million SHIB to a dead wallet over the same period. These substantial transactions have been pivotal in driving the recent surge in Shiba Inu’s burn rate. In addition, another community wallet moved, 0xc66…., moved 1.04 million Shiba Inu tokens to a dead wallet, successfully contributing to the burn rate spike. Hence the amount of total SHIB tokens burned stands at a massive 410.72 trillion. Moreover, the reduction in supply due to these burn transactions is seen as a potential catalyst for bolstering the value of SHIB.
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