The post PEPE Price Set To Skyrocket With 50% Surge, Predicts Altcoin Sherpa appeared first on Coinpedia Fintech News

Pepe (PEPE), a meme-based cryptocurrency, has caught the attention of the crypto community once again as it is displaying signs of forming a bottom and preparing for a significant rally to the top.

Renowned crypto trader Altcoin Sherpa has shared his positive sentiments as well, projecting a double-digit percentage surge for Pepe in the near future.

Pepe is Forming a Bottom

Altcoin Sherpa, known for his accurate market predictions, believes Pepe is undergoing a bottom formation. In his analysis, he indicates that Pepe could experience a remarkable surge based on Fibonacci retracement levels.

https:// twitter.com/ Altcoin Sherpa/ status/ 166 1051914128179202? s=20

He further explains that Pepe's current price action aligns with the 0.786 Fibonacci level, suggesting that it is forming a bottom and has the potential to reach the 0.50 Fibonacci level in the mid-term.

"This is a crucial moment for Pepe. With its recent growth and the formation of a bottom, it holds the potential for significant upside in the coming weeks."

Potential Surge Around The Corner

His analysis suggests that Pepe has the potential to surge from its current price of around $0.00000150 to approximately $0.00000235, a remarkable increase of over 50%. This projection has captured the attention of traders and investors seeking opportunities within the cryptocurrency market.

PEPE Price Growth Trajectory

Pepe has already demonstrated significant growth, boasting a staggering 2,600% increase since mid-April. This rapid upward movement has positioned meme-based cryptocurrency as a contender, threatening to push Doge and Shib out of the running forever.

Read more: Pepe Coin Surges 2400% In 30 Days: Have Dogecoin and Shiba Inu Been Dethroned? - Coinpedia Fintech News

Signs of Recovery In The Altcoin Space

While discussing other crypto assets, he suggests that several altcoins have likely reached their short-term bottoms. By examining charts of Ethereum scaling solution Arbitrum (ARB), smart contract blockchain Sui Network (SUI), and non- fungible token (NFT) marketplace Blur (BLUR), he adds that these altcoins may experience notable rallies ranging from 20% to 50%.

At the time of writing, Arbitrum, Blur, and Sui are trading at $1.08, $0.471, and $0.0957, respectively.

Short-Term Rally on cards?

While he expresses optimism regarding short-term gains for altcoins, they also caution that the rally may be temporary.

https://twitter.com/AltcoinSherpa/status/166 0997465808465920?s=20

Altcoin Sherpa concludes,

"I still think that many alts are short-term bottoming. To be determined if this is any sort of trend reversal; I personally doubt it. Still, I think a 20-50% move up for many of these is coming (maybe further downside after that, though)."

#PEPE #Binance #feedfeverchallenge #binancefeed #dyor

After 10 months of accumulation, this trader ushered in the surge of $BONK .He/she sold 48B $BONK for 17,677 $SOL($1.36M) after #Binance announced the listing of $BONK .And currently holds 274.4B $BONK ($8.33M), the total profit exceeded $9M!7 Tips💡 To Become Millionaire 💰 In short time.👉if you're determined to try, here are some tips:📌**Hodl Strategy:** Some people have become millionaires by buying and holding onto cryptocurrencies for the long term. This can be less stressful than day trading.☀**Diversify:** Don't put all your money into a single cryptocurrency. Diversify your investments to spread risk.🤞**Educate Yourself:** Learn about blockchain technology, different cryptocurrencies, and how the market works. Knowledge is your best tool.♨️**Risk Management:** Only invest what you can afford to lose. Crypto is highly volatile, and you could lose your entire investment.🌟**Stay Informed:** Keep up with the latest news and trends in the crypto market. Market sentiment can change rapidly.📌 Technical Analysis: If you're into trading, learn technical analysis to help make informed decisions about when to buy or sell.🌟**Security:** Protect your crypto assets with strong security measures. Use hardware wallets and secure exchanges.Remember, there are no guaranteed shortcuts to becoming a millionaire in crypto, and the market can be extremely unpredictable. Be cautious and consider seeking advice from financial experts before making significant investments.Most people start trading and think:✅“If I could just make $100k, $1M, $10M etc I would be so happy and finally quit my day job.”What they fail to understand is P&L should be the last thing in your head.When you are new, focus on educating yourself the money will come.A successful trader has to work harder than anyone that works a 9-5 & constantly learn and maintain their edge in the markets.If you want success it won’t come easy.More informationIn the crypto world, where bullish sentiments are as common as memes, the current market optimism for 2024 seems to be facing an unexpected adversary. Amidst a period of resurgence for cryptocurrencies, with Bitcoin soaring above $40,000 and altcoins like Ether and Solana experiencing significant gains, New York’s legal actions are casting a long shadow over the industry’s bright prospects.New York’s legal onslaught: A cloud over crypto’s sunshineThe recent surge in the crypto market, fueled by speculation over SEC’s approval of a spot bitcoin ETF and a scheduled halving of Bitcoin’s supply, is facing a significant challenge from New York’s legal front. New York Attorney General Letitia James, playing the role of a modern-day Jacob Marley from Charles Dickens’s “A Christmas Carol,” has delivered a stern warning to the industry. Her recent lawsuit against crypto exchange KuCoin for operating without proper registration and falsely representing itself as an exchange in New York has sent ripples across the crypto space.#MarketSentiment #IndustryEvents #BONK #PopularEcosystems #binancefeed

It has been almost a week since the roadmap for the relaunch of Terraport was published.

Today, after almost 3 months of inactivity due to the notorious hack attack, DEX shows up online again also with a graphical makeover.

As promised by the development team the first feature to become available again was the " STAKING and VESTING" section.

The new features come from the new staking contracts in addition to the previous ones already launched at day one last March.

The new staking contracts are 80% apr blocking the Terra token for 540 days and 100% apr with a block of 720 days.

The next goal for July is the launch of the "Governance Forum".

New updates soon!

** NOT FINANCIAL ADVICE**

#LUNC #crypto2023 #crypto #cryptocurrency #binancefeed

In a notable development within the cryptocurrency market, Bitcoin spot exchange-traded funds (ETFs) in the United States are now on the brink of potential simultaneous approvals in January. Analysts posit that the recent decision by the Securities and Exchange Commission (SEC) to postpone the considerations for Franklin Templeton and Hashdex #ETFs has effectively paved the way for a smooth approval process. Strategic Maneuvers by the SEC Bloomberg ETF analyst James Seyffart decided to shed light on the SEC’s strategic moves. He emphasized that the SEC’s delay in deciding on the ETF applications occurred 34 days prior to the decision deadline of Jan. 1, 2024. The SEC has called for comments on forms submitted by Templeton and Hashdex, forms crucial for the ETFs to secure listing and commence trading. The designated comment and rebuttal period is set to last 35 days. Seyffart and colleague Eric Balchunas had previously assigned a 90% likelihood of spot Bitcoin ETF approvals by January 10 of the following year. Seyffart contends that the recent delays strongly indicate that the SEC is orchestrating the alignment of all applicants for potential approval by the January 10, 2024, deadline. Balchunas echoed this sentiment, proposing that the SEC is likely seeking to “clear the runway” by swiftly addressing these delays. However, commercial litigator Joe Carlasare provided a slightly divergent perspective, suggesting that the delays might elevate the probability of approval in March 2024. He highlighted the extension of the comment period for Franklin’s ETF bid until January 3, 2024, and noted the SEC’s typical three-week maximum duration for reviewing comments. Nevertheless, Carlasare maintained that January remains the favored timeline, speculating approval on either January 5 or January 8. Distinctive Position of Franklin On November 28, Franklin Templeton submitted an updated Form S-1 for its ETF, a crucial document for registering securities with the SEC. Seyffart had previously underscored that Franklin stood out as the only bidder yet to submit an updated prospectus. Balchunas, while supportive of the idea of simultaneous ETF launches, expressed reservations about Franklin potentially being granted approval to launch its ETF on the same day as other providers, despite submitting the form months later. Going super early on Franklin today (and potentially hashdex coming too?) would set things up for a full wave of approvals in early January. Might be the reasoning? pic.twitter James Seyffart (JSeyff) November 28, 2023 Also Read: Bitcoin: GBTC May Lose $2.7B If ETF Approved: JPMorgan Evolution of Market Dynamics Amidst these regulatory developments, the cryptocurrency market’s dynamics are undergoing continuous transformation. Reports suggest that Bitcoin’s supply on exchanges is shifting towards self-custody, signifying a trend where users opt to securely hold their assets rather than keep them on exchanges. Concurrently, the ten largest Tether exchange wallets currently hold $15.23 billion, indicating a notable increase in exchange buying power to its highest level in 17 months. Source Additionally, at press time, BTC was trading at $37,959.20 with a 2.47% daily rise. Also Read: Bitcoin: Microstrategy Stock Reaches 2-year High After BTC Surge The recent delays in the approval process for Bitcoin spot ETFs in the United States have triggered anticipation and speculation among analysts. As the cryptocurrency market eagerly anticipates regulatory clarity, the prospect of simultaneous approvals in January 2024 emerges as a potential game-changer. The nuances of Bitcoin’s supply dynamics and the surge in Tether exchange wallet holdings contribute additional layers of complexity to the evolving narrative of cryptocurrency adoption and market dynamics.#ETF #binancefeed #BinanceSquare.

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Dubai Incorporates #XRP Into Special Economic Zone The Dubai International Financial Centre (DIFC) has approved two #crypto assets, XRP and Toncoi (TON), to be incorporated into its special economic zone. The two new assets are joining Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTE), which were approved earlier.The move will allow over 4000 financial institutions and companies within the DIFC to utilize XRP and TON. According to Brad Garlinghouse, CEO of Ripple, “It’s refreshing to see the DFSA encourage the adoption and use of digital assets such as XRP to position Dubai as a leading financial services hub.”The Dubai Financial Services Authority (DFSA), which governs the DIFC, brought in crypto regulations two years ago, in October 2021. The approval of the two assets is the latest move by the Emirate to become a global crypto hub. Dubai has made incredible progress in the last few years to become more friendly towards crypto firms and assets.Will XRP and TON rally from Dubai’s move?The inclusion of the tokens has provided them with over 4000 institutions. Institutional money is usually a driver for any kind of market. Moreover, XRP was recently cleared of being a security by a US court. The ruling has made the token very attractive for many investors. However, the court ruling did say that the sale to institutional investors did fall under the “securities” definition. Therefore, it is unclear how it would impact the token’s price. Nonetheless, the development is still bullish for the projecCasTON has also had a successful year so far. The token is up 5.3% over the last week and 9.6% in the monthly charts. Moreover, it is up by 37.4% over the previous year.We may see an increase in adoption for both crypto assets as more institutions in Dubai dip their toes in them.$XRP #etf #BinanceSquareXRP #binancefeed