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Vladislav Hryniv
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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 BeinCrypto: $OP Is Building Momentum Following a notable correction aligned with broader market trends, Optimism’s price rebounds from the $3.00 support level. This downturn decreased market value, as highlighted by the Market Value to Realized Value (MVRV) ratio. This ratio, which evaluates investor profits or losses, currently indicates a 30-day MVRV of -20% for Optimism, suggesting recent losses that could trigger investor accumulation. Historical data suggest that OP’s recovery often begins within the MVRV range of -9% to -20%, deemed an opportunity zone. During such periods, investors are more inclined to hold onto their assets, creating a conducive environment for a potential rally. As Optimism aims to retake $3.50 as a support level, the path to recovery is backed by significant potential profits. The Global In/Out of the Money (GIOM) indicator shows approximately $360 million worth of OP, spanning between $2.88 and $3.44, is poised to become profitable as the price climbs. Optimism’s journey towards reclaiming $3.50 as support is promising, buoyed by the prospect of turning recent investments profitable. This optimism among investors is expected to reduce selling pressure, aiding the asset’s recovery. However, the path is not without obstacles. A dense resistance zone above $3.44, where about 293 million OP, valued at over $925 million and purchased between $3.44 and $4.65, lies in wait. Overcoming this barrier will necessitate stronger bullish momentum. Should Optimism encounter difficulties in breaking through this resistance, the potential for profit-taking could trigger a pullback, potentially driving the price below the $3.22 support level and challenging the optimistic outlook. #Optimism
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