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When Will Pepe Hit Its All-Time High? Is It Time to Buy?
A new all-time high (ATH) of $0.058518 was reached by PEPE in the early hours of today's UTC trading.
Since then, the third biggest meme currency in terms of market capitalization has seen a decline of almost fifteen percent, and as of the time of this writing, it is trading at $0.057456.
PEPE has experienced a month that is really remarkable. It increased by 723.7% throughout the course of the last thirty days.
These gains were dispersed across the whole of the month, with the most recent two weeks contributing 533.1% and the most recent seven days accounting for a price rise of 248.3%.
In the last week, Shiba Inu (SHIB) has been the only other meme currency among the biggest by market capitalization that has had a more significant rally than everyone else. At the moment, the price of Shib is $0.00003991, having increased by 281.1%.
The rise of the meme coins that occurred this month was, in a broad sense, borne off the back of a rally that occurred throughout the whole market.
In the last thirty days, Bitcoin has increased by 56%, while Ethereum has increased by 61% within the same time frame.
Considering that investors are ready to take riskier positions and gamble on tokens with little to no underlying use other than as a speculative store of value, the fact that meme coins were pumping harder is an indication of how popular cryptocurrency is becoming once again.
After taking a quick look at the chart of PEPE over the course of the last three months, it is clear that the dramatic price movement started toward the end of February.
Since then, there have been several instances of cup-and-handle formations that have increased in height, which is indicative of a highly bullish cycle of purchasing followed by times of market consolidation.
The Relative Strength Index (RSI) for PEPE is 53, which indicates that the market has provided an accurate valuation of the company's worth at this stage.
It also shows that there is space for more rallies so long as Bitcoin and Ethereum are able to continue to maintain popular demand through the approaching industry milestones of the Ethereum ETF and the Bitcoin halving.
Although there have been mouthwatering rises over the whole month, the issue of whether or not meme currencies are worth investing in is a genuine one. Already, cryptocurrency is very speculative, and it also has the potential to be incredibly volatile.
In a nutshell, the answer is that each and every investor was required to perform their research.
A parallel may be drawn between the promise of purchasing tokens on the blockchain and the promise of purchasing shares in a financial institution. Every single investor wants to be certain that the project they are supporting is beneficial or beneficial.
Meme coins, on the other hand, often have very little value apart from their cultural capital, which either rises or falls in tandem with the popularity of the meme that they are based on.
The main reason why Dogecoin (DOGE) is considered a classic is because it has the benefit of being the first to move and being innovative. Bitcoin is much superior to it in terms of its ability to hold value, and Ethereum is far superior to it in terms of its significance as a blockchain for commercial purposes. The company relies heavily on its brand.
In addition to the update, the team also made a handful of significant upgrades, one of which was a new staking model that provides a minimum annual percentage return of forty percent.
The yield on this investment is now hovering at around 623%. This amount varies throughout the day depending on the number of stakers and tokens that are locked up.
#TrendingTopic #pepe #DOGE $PEPE
Since then, the third biggest meme currency in terms of market capitalization has seen a decline of almost fifteen percent, and as of the time of this writing, it is trading at $0.057456.
PEPE has experienced a month that is really remarkable. It increased by 723.7% throughout the course of the last thirty days.
These gains were dispersed across the whole of the month, with the most recent two weeks contributing 533.1% and the most recent seven days accounting for a price rise of 248.3%.
In the last week, Shiba Inu (SHIB) has been the only other meme currency among the biggest by market capitalization that has had a more significant rally than everyone else. At the moment, the price of Shib is $0.00003991, having increased by 281.1%.
The rise of the meme coins that occurred this month was, in a broad sense, borne off the back of a rally that occurred throughout the whole market.
In the last thirty days, Bitcoin has increased by 56%, while Ethereum has increased by 61% within the same time frame.
Considering that investors are ready to take riskier positions and gamble on tokens with little to no underlying use other than as a speculative store of value, the fact that meme coins were pumping harder is an indication of how popular cryptocurrency is becoming once again.
After taking a quick look at the chart of PEPE over the course of the last three months, it is clear that the dramatic price movement started toward the end of February.
Since then, there have been several instances of cup-and-handle formations that have increased in height, which is indicative of a highly bullish cycle of purchasing followed by times of market consolidation.
The Relative Strength Index (RSI) for PEPE is 53, which indicates that the market has provided an accurate valuation of the company's worth at this stage.
It also shows that there is space for more rallies so long as Bitcoin and Ethereum are able to continue to maintain popular demand through the approaching industry milestones of the Ethereum ETF and the Bitcoin halving.
Although there have been mouthwatering rises over the whole month, the issue of whether or not meme currencies are worth investing in is a genuine one. Already, cryptocurrency is very speculative, and it also has the potential to be incredibly volatile.
In a nutshell, the answer is that each and every investor was required to perform their research.
A parallel may be drawn between the promise of purchasing tokens on the blockchain and the promise of purchasing shares in a financial institution. Every single investor wants to be certain that the project they are supporting is beneficial or beneficial.
Meme coins, on the other hand, often have very little value apart from their cultural capital, which either rises or falls in tandem with the popularity of the meme that they are based on.
The main reason why Dogecoin (DOGE) is considered a classic is because it has the benefit of being the first to move and being innovative. Bitcoin is much superior to it in terms of its ability to hold value, and Ethereum is far superior to it in terms of its significance as a blockchain for commercial purposes. The company relies heavily on its brand.
In addition to the update, the team also made a handful of significant upgrades, one of which was a new staking model that provides a minimum annual percentage return of forty percent.
The yield on this investment is now hovering at around 623%. This amount varies throughout the day depending on the number of stakers and tokens that are locked up.
#TrendingTopic #pepe #DOGE $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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