PEPE Price Hints at Strong Gains, Bull Market Return in September
After losing significant value for some time, PEPE could be poised for a significant price surge this month. The frog-themed meme coin is currently trading at $0.0000074.
If the expected trends play out as expected, PEPE could be approaching the peak it last reached in May. This on-chain analysis explores the factors that could drive this potential price recovery.For Advertising Service for Crypto Projects
On-chain Data Reveals Bullish Signs for PEPE
According to on-chain data from Santiment, the long/short market value-to-realized value (MVRV) difference decreased from 55% to 36% between August 24 and 31. This decreasing value of this metric suggests that short-term investors will make more money than long-term investors if they sell at the current price.
When this continues, it could mean that the market is headed for a bear market. On the other hand, increasing values indicate that long-term investors are making more profits. #BinanceTurns7 #MarketDownturn