1. PEPE, as an important participant in the meme currency market, has recently surged by 11% after being listed on the Korean exchange Upbit, breaking through the downward channel since early August.
This breakout signals a tilt in market sentiment towards PEPE. Technical indicators show that the coin is approaching the 20-day exponential moving average (EMA), with bullish momentum building.
The market cap to actual value ratio suggests PEPE is undervalued, providing investors with a favorable buying opportunity. It is expected that PEPE may reach the price target of 0.0000085u, delivering handsome returns.
2. SHIB: The recent destruction rate of MEME token SHIB has soared by 1088%, while the price has increased by 4.5%. A significant increase in the destruction rate reduces supply and increases scarcity.
While historical data shows that price increases are not always directly related to increased burn rates, current market momentum suggests that this time may be different. $SHIB $PEPE