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According to the latest news and updates, Pepe Coin has been making significant waves in the cryptocurrency market. Here are some key points to summarize the current situation:
Market Performance: Pepe Coin has been experiencing a remarkable surge, with its price reaching a new all-time high of $0.00001271. This impressive growth has led to a market capitalization of over $500 million.Recent News: The coinâs price rebounded 12% and formed a bullish morning star candle in the daily chart, indicating a potential reversal pattern. This development has bolstered the buyersâ confidence, aiming to regain the recently lost ground.Market Sentiment: The overall market sentiment is mixed, with some analysts predicting a short consolidation above the 50% retracement level to build momentum for a bullish reversal. Others are cautious, citing the recent correction trend in the crypto market and the potential for further volatility.Price Prediction: Some experts predict that Pepe Coin may experience a short-term consolidation before breaking out to new highs. Others believe that the coinâs price may experience a pullback before resuming its upward trend. Key Statistics: Market Capitalization: Over $500 millionCurrent Price: $0.0000127124-hour Change: +12%7-day Change: +250% Conclusion: Pepe Coin is currently experiencing a significant surge, with its price reaching new highs. While the market sentiment is mixed, many analysts believe that the coin has the potential to continue its upward trend.
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Pepe has become the biggest meme coin launch of 2023, and its value has skyrocketed. The surge is attributed to its use as a bet on the growth of the Ethereum ecosystem. Traders are anticipating the approval of a spot ether exchange-traded fund ( $ETH ) in the U.S. One early buyer turned $460 into $34 million by purchasing PEPE shortly after launch. Others have also made millions off of PEPE.
Binance Encourages Users to Convert BUSD to Other Stablecoins Prior to February 2024
Fellow Binancians,
As Paxos has halted minting of new BUSD, Binance will gradually cease support for BUSD products. Announcements will be released for any impacted services. Please be assured that BUSD will always be backed 1:1 by USD.
Binance will continue to support multiple stablecoins and digital assets on its platform. Users are encouraged to convert their BUSD assets into other available assets on Binance prior to February 2024. Users may trade their BUSD balances for FDUSD at zero trading fees, or convert their BUSD balances to FDUSD at 1:1 until 2023-10-31 08:00 (UTC).