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The bulls and the bears exhibit their dominance at frequent intervals and as a result, the values of most tokens are trading within a predetermined range. Meanwhile, some positive movement has been witnessed among the top memecoins, like Dogecoin & Pepe, suggesting this sector may display a positive price action very soon.
A widely followed crypto analyst says that one artificial intelligence (AI)-focused altcoin looks strong while updating his outlook on decentralized finance (DeFi) platform Injective (INJ) and memecoin Pepe (PEPE).
The crypto market is currently facing selling pressure, and cryptocurrencies Shiba Inu (SHIB), Dogwifhat (WIF), FLOKI and PEPE are not exempt from the bearish action, posting significant losses over the past day.
In the last month, there has been a significant decline in activity by Pepe (PEPE) whale addresses. On-chain activity reveals a drop in large transactions involving the meme coin completed during the 30-day period.
Analyst Mathhew Perry recently talked about lesser-known “frog coins” outside the top cryptocurrencies. He explained the growing interest in meme coins, including dog-like and cat coins, and noted the emergence of frog coins as a new sector.
The memecoin market erupted on Wednesday, following impressive gains by Dogecoin, Pepe, and Bonk. What Happened: The oldest and most popular memecoin, DOGE, snapped a week-long downtrend, to notch up gains of more than 4% in the last 24 hours.
Galaxy Digitals Mike Novogratz asserts that SHIB, DOGE, and PEPE memecoins will maintain relevance, emphasizing their role in cryptocurrency. Economic Significance of Memecoins Mike Novogratz, an executive of Galaxy Digital, is confident that cryptocurrency memecoins like Dogecoin (DOGE), Shiba Inu (SHIB), PEPE, and others will continue to exist for a considerable time.
Galaxy Digital executive Mike Novogratz is convinced that Dogecoin (DOGE), Shiba Inu (SHIB), PEPE, and other memecoins will be around for a long time. Memecoins as Cornerstone of Crypto Economy Novogratz acknowledged memecoin's position in the broader cryptocurrency sector, describing it as a cornerstone in the economy.
The memecoin recovery is underway with some of the assets leading the charge. It remains to be seen if others will recover soon.
Pepe Coin finally makes a breakthrough with rising 12% in the last 24 hours after facing a big decline earlier this month. This frog meme coin had its prime in May, setting an all-time high target of $0.00001718 before declining to a low of $0.00001168 just a few days ago.
On Wednesday U.S. trading hours, the cryptocurrency market witnessed a sudden uptick following the release of U.S CPI data. The Bitcoin price jumped 3.7% to trade at $69804, while the Ethereum record jumped 3.85% to reach $3632.
There is an ongoing revival in the broader digital currency ecosystem, and meme coins like Shiba Inu (SHIB) and PEPE are riding the waves. At the time of writing, the meme coin ecosystem is trading up by 4.47% in 24 hours to $58,026,790,606, and Shiba Inu and PEPE are up by 2.34% and 14.07% to $0.00002246 and $0.00001367, respectively.
Pepe (PEPE) has experienced a major boost in both trading volume and open interest, signaling heightened investor interest and market activity. CoinGlass data reveals that PEPE's trading volume surged by an impressive 20.78% over the past 24 hours, bringing the total to $1.65 billion.
The meme coin economy is thriving on Wednesday, ahead of the U.S. Federal Reserve meeting, as the sector saw nearly $4 billion injected over the last 12 hours. Several meme tokens experienced substantial gains, with BENJI rising 36.9%, MAGA increasing 23.2%, and the runes-based DOG gaining 22.1%. Crypto Market Rises 3.
Pepe (PEPE) price bounced back on Wednesday following the release of encouraging US Consumer Price Index (CPI) data. Pepe jumped to a high of $0.00014 in a high-volume environment.
PEPE's rising wedge pattern, rising whale accumulation and increasing rate cut bets could boost the memecoin's price in June.
Meme coins and the broader crypto market are struggling to perform while Base chain's Brett, Solana's Bonk, and Ethereum's Pepe rise.
Discover 3 cryptos to sell in June 2024 to avoid potential pitfalls. Exit these risky coins now to protect your portfolio.
Pepe price prediction: PEPE, a meme-based cryptocurrency, has seen a strong price recovery over the past 24 hours. According to CoinGape data Pepe price has surged by 9% to reach $0.00001314, showcasing a notable upward trend.
Latest updates on PEPE, KAS, and ETH coins.
Respite does not seem close despite the intense selling pressure that PEPE has experienced.
PEPE is among the few altcoins well in the green today.
Pepe (PEPE) leads the meme coin market with an 11% surge, while the broader cryptocurrency market remains bearish ahead of crucial economic events
Pepe (PEPE), the popular frog-themed meme coin, has outshined most of the popular memecoins with an 11% surge in the last 24 hours. At the time of writing, PEPE was trading at $0.0000129, with a trading volume of $1.
