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Today, the PEPE price has experienced a notable rally, contributing to an average 7.45% increase in meme coin values amidst signs of a broader market resurgence.
Memecoins have broken away from the recent bearish cryptocurrency market trends, recording substantial gains over the past 24 hours. While major cryptocurrencies like Bitcoin are struggling and have hit a monthly low of $58,554, memecoins are performing well.
After Bitcoin (BTC) plumbed its recent depths to $58,400 on Monday, a bounce on Tuesday has followed. With this bounce the memecoins have been let off the leash.
Pepe and Shiba Inu have recently seen activities from their whale wallets, and it has resulted in spikes in exchange flows.
Memecoins, led by Pepe coin, have surged significantly in the past 24 hours, defying broader cryptocurrency market trends
The meme coin crypto industry led by Pepe and Shib has dramatically reduced in valuation in the past four weeks to around $47 billion on Tuesday.
Two whales caught the crypto community's attention with significant meme coin deposits to the crypto exchange Binance. The transactions triggered speculations among cryptocurrency enthusiasts. Are whales quitting to avoid upcoming declines? Whale moves SHIB & PEPE worth millions of dollars According to Spot on Chain, wallet Ox42a moved 1.
The total cryptocurrency market cap continued in a downtrend in the past 24 hours, led by Bitcoin (BTC), which briefly teased below $60k before stabilizing around $61k on Tuesday during the early European session. The notable cryptocurrency drop resulted in more than $300 million in total liquidations, mostly involving long traders.
According to data provided by blockchain analytics platform Lookonchain, a major PEPE whale capitulated earlier today, depositing a staggering 700 billion tokens ($7.8 million) to the Binance exchange.
The Bitcoin price has been disappointing many but the major action over the weekend has been in altcoins. Recently, there was a drop to a new low in the altcoin market. Last week, this potential scenario was discussed extensively, and despite little movement over the weekend, a major shift occurred in the last 12 hours.
Pepe price analysis: PEPE price surged by 12.6% in the last 7 days, including a 10% increase in the past 24 hours to trade around $0.00001189. Pepe's price has been moving sideways for some time now and the recent spike in price may be in anticipation of ETH ETFs trading potentially beginning soon.
As the broader crypto market witnesses sluggish trading, Ethereum meme coins Shiba Inu Coin (SHIB) and Pepe Coin (PEPE) are catching attention. Despite a market slump, these coins have remained relatively stable, sparking curiosity about their future.
77.58% of all PEPE holders are in the money, meaning they are at a profit despite the recent downtrend.
On Monday, the crypto market witnessed another wave of selling pressure as Bitcoin plunged below $60000 with a nearly 5% drop. The same momentum is observed in the altcoin market as major assets like Ethereum plunged 5.4% to $3232, Binance coin fell 3.3% to $555 but Solana showed a modest dip of 0.1% to $127.
Meme coins are tumbling alongside the rest of the market. Some of them, however, are defying the broader decline.
Major meme cryptocurrencies are underperforming today. Ninety percent of top meme coins are in red, while the majority of them are posting double-digit losses.
Elon Musk's AI chatbot Grok has set targets for three trending cryptocurrencies, namely Ripple (XRP), Pepe (PEPE), and RCO Finance (RCOF). In this article, we delve into the potential future of these tokens, exploring XRP's potential to reach $1,000, PEPE's short-term forecast, and the anticipated 3000% rise of RCO Finance's token in its presale.
New Pepe meme coin Pepe Unchained (PEPU) has passed the $500,000 mark in its presale, barely a week after opening its token offering.
The Solana price has recorded a correction of 6.86% within the past 24 hours with a trading volume of $1.77 Billion, a jump of 138.82%. With this, the altcoin has plunged below the $125 mark, indicating a strong bearish sentiment for this crypto token in the market.
The bear market has taken a toll on the cryptocurrency world, and memecoins are feeling the impact. Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE), some of the best-performing meme assets of the year, are retesting their previous lows.
As PEPE surges 11.60% in 72 hours, what's driving this bullish momentum?
Starting the week's trade on a bearish note, Bitcoin lost one of its important supports at $63,500, which caused the price to drop below $62,500. This move has caused the memecoin space to lose over 5% of its market cap as the trading volume soars by above 18% in the past 24 hours.
In this AI-powered analysis, we will compare the recent price trends, market performance, and potential future outlook of Dogecoin ($DOGE) and Pepe ($PEPE) to determine which might be the better buy for the remainder of the year. Dogecoin ($DOGE) Analysis DOGE/BTC Pair The DOGE-BTC chart shows substantial volatility.
TON, PEPE, KAS, and JASMY could attract buying if bears fail to pin Bitcoin below $64,602.
