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đŸ’” ZyCrypto Analysis: Can $PEPE Beat $SHIB ? PEPE’s total supply is drying up, and that means more demand to come as the market forces play their part. The PEPE stats on CoinMarketCap show a 24.6% jump in total market cap over the last 24 hours to reach a high of $3.44 billion. This is after a surge towards the $4 billion mark, followed by a pullback to the current mentioned figures.   Regarding circulating supply, PEPE has a maximum of 420.69 trillion coins. All of these coins are already in circulation at the time of this writing. The coin’s bullish outlook is backed up by an RSI of 66 and a 50 EMA at $0.0000079. As mentioned, PEPE’s popularity has given rise to a notion that it could soon outrank Shiba Inu. Currently, PEPE sits at position 42 in the charts while SHIB is at position 12—according to data on CoinMarketCap. SHIB has had a strong market and support community for a long time, and PEPE would have to perform much more spectacularly to present a tough treat to SHIB.   However, it’s worth noting that PEPE is becoming more popular, and many analysts and investors are becoming interested in its market. At the time of this writing, the coin trades at around $0.000007881. Watching PEPE as the larger crypto market prepares for the coming Bitcoin halving will be interesting. #PEPEGrowth #PepeCrypto

đŸ’” ZyCrypto Analysis: Can $PEPE Beat $SHIB ?

PEPE’s total supply is drying up, and that means more demand to come as the market forces play their part. The PEPE stats on CoinMarketCap show a 24.6% jump in total market cap over the last 24 hours to reach a high of $3.44 billion. This is after a surge towards the $4 billion mark, followed by a pullback to the current mentioned figures.

 

Regarding circulating supply, PEPE has a maximum of 420.69 trillion coins. All of these coins are already in circulation at the time of this writing. The coin’s bullish outlook is backed up by an RSI of 66 and a 50 EMA at $0.0000079.

As mentioned, PEPE’s popularity has given rise to a notion that it could soon outrank Shiba Inu. Currently, PEPE sits at position 42 in the charts while SHIB is at position 12—according to data on CoinMarketCap. SHIB has had a strong market and support community for a long time, and PEPE would have to perform much more spectacularly to present a tough treat to SHIB.

 

However, it’s worth noting that PEPE is becoming more popular, and many analysts and investors are becoming interested in its market. At the time of this writing, the coin trades at around $0.000007881. Watching PEPE as the larger crypto market prepares for the coming Bitcoin halving will be interesting.

#PEPEGrowth #PepeCrypto

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đŸ”„ According to CryptoIntelligence: $DOGE , $SHIB and $PEPE Lead the Bullish Charge AMBCrypto’s examination of on-chain data from Santiment revealed intriguing trends regarding the potential for further price increases. For SHIB, indicators of rising buying pressure were observed, as demonstrated by a decrease in Supply on Exchanges and an increase in Supply Outside of Exchanges. Despite PEPE’s significant price appreciation, it encountered high selling pressure, marked by an increased Supply on Exchanges and a decreased Supply Outside of Exchanges. However, interest from large investors appeared to rebound, with the coin’s supply held by top addresses seeing growth after a brief decline. DOGE’s prospects appeared particularly bright, evidenced by an improvement in its Market Value to Realized Value (MVRV) ratio to 5.11%, suggesting the potential for a continued upward movement. Furthermore, a significant drop in its Network Value to Transactions (NVT) Ratio indicated the coin might be undervalued, hinting at further price advancements in the near future. #SHIBđŸ”„đŸ”„ #Dogecoin‏⁩ #PEPEPotential🚀🐾
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👀 U.Today Analytics: $ADA Paints Candlestick Pattern ADA token recently displayed a reversal pattern known as a bearish harami. This pattern suggests that ADA's recent attempt to push higher may be losing steam, hinting at a possible reversal. The reversal occurred right after ADA managed to break through a key level, indicating resistance from the market against allowing its price to climb further. Currently, ADA seems to be in a delicate position, with the potential for a decline. The lack of bullish momentum is evident, as the crypto community has not seen enough positive signals to propel ADA’s price upwards. At the moment of report, $ADA is trading at: - $0.5857 on KuCoin exchange; - $0.5858 on WhiteBIT exchange; - $0.5849 on Kraken exchange However, Cardano's fate is not solely in its own hands; it is intertwined with the broader market's movements. Should the general market sentiment shift positively, ADA might find the support it needs to reverse its fortunes and begin an upward trajectory. From a technical standpoint, ADA is now facing resistance at around $0.64. If the market provides enough support, ADA's price could once again test this level. On the downside, the support levels to watch are near $0.5946 which, if broken, could lead to further declines toward the stronger support zone at $0.5257, aligning with the 200-day moving average. #CardanoPredictions
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đŸ’” According to NewsBTC: $ENA Crucial Role In Bitcoin Bull Market While Edwards’ statement is optimistic about Ethena’s impact on Bitcoin’s bull market, one user raised concerns about potential downsides. Edwards acknowledges that execution risks, such as custody failure or delta neutrality failure, could have adverse effects.  Edwards identifies custody risk as the most significant risk in this context. However, he highlights that any negative impacts will likely be short-lived, and market forces will ultimately dictate Ethena’s net annual percentage yield (APY). In short, by limiting over-leveraging in future markets and reducing spot supply, Ethena could significantly support the price of BTC and extend the current bull run. Currently, BTC’s price has experienced a significant decline, plummeting to the $68,800 level. This marks a 4.3% decrease compared to Monday’s price. In parallel, Ethena’s native token, ENA, has also followed the overall downtrend of the market, reflecting BTC’s price movement with a 4% decrease. Presently, ENA is trading at $1.22.
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đŸ’„ AMBCrypto Analytics: $DOGE Rough Day At press time, DOGE traded at $0.19. The coin’s trading volume has declined by 10% in the past 24 hours. On-chain data retrieved from Santiment showed that the price fall was caused by a drop in demand for the altcoin during the period under review. The daily count of addresses involved in transactions involving DOGE has plummeted by 61%.  Due to the decline in DOGE’s daily active addresses in the past 24 hours, the count of transactions completed within that period involving the altcoin has also decreased. According to Santiment’s data, it has fallen by 73%. The social dominance and social volume metrics, which track an asset’s individual interactions, socially driven engagements, and actions such as likes, comments, retweets, and upvotes, are important as they are precursors to the growth in an asset’s price or otherwise.  According to Santiment, DOGE’s social dominance and social volume have dropped by 33% and 78% in the past two days.  Poor sentiments were also observed in the coin’s derivatives market, as Coinglass data showed a double-digit decline in trading volume in the last 24 hours. During the same period, the coin’s futures open interest has decreased by 4%. As of this writing, this was $1.64 billion. As the meme market hype declined, DOGE’s futures open interest initiated a decline and trended downward since the beginning of April. Between the 1st and 9th of April, the memecoin’s futures interest has fallen by 26%. When an asset’s open interest declines this way, it signals a decline in market activity. It suggests that futures market participants are exiting their positions without opening new ones.  #Dogecoin‏⁩
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🚀 According to U.Today: What To Expect from $XRP 50 EMA Breakthrough? XRP recently passed the 50-day Exponential Moving Average with ease. It acts as a deciding line between the bullish and bearish territories, and XRP's leap over it is a strong signal itself. With XRP's price now comfortably above the 50 EMA, it is eyeing the next resistance level at $0.64. The current trading momentum suggests that if the broader market maintains its upward trend, XRP is well positioned to challenge and potentially surpass this resistance. The local peak — or the highest point the price has reached recently — sits at $0.74, and that is where traders might set their sights if the $0.64 barrier is broken. However, while the market as a whole may continue to gain momentum, there is a possibility that XRP cannot muster enough strength on its own to keep up with the pack. Its performance has been somewhat mixed, so despite the technical signals, some caution among investors remains. Maintaining its stance above the 50 EMA, which it has crossed with relative ease, will be vital to continuing its growth. The strength of this move is evident, but for further gains, maintaining this level is key. If the general market trends stay positive and XRP holds above the EMA, we may very well see it aiming for that local top of $0.74. Should it break that level, it opens up the possibility of reaching new highs for the year. However, it is essential to note that XRP's journey is not just dictated by market sentiment but also by its unique place in the financial ecosystem, which can sway its price independently from market trends. #XRPCOIN
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