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The volatility is peaking as the crypto market crashes with the FOMC meeting and the inflation report coming on June 12th. However, certain meme coins like the PEPE and BONK are resurfacing as the optimistic eyes expect a recovery in this segment. With the PEPE price jumping 5.
The markets are undergoing a drastic shift as the major tokens are facing extreme upper pressure as the selling volume escalates. The Bitcoin price has slumped below $68,000, while the Ethereum price is approaching $3500.
The crypto prices today have mostly continued their bearish momentum embarked upon yesterday. Bitcoin (BTC) descended below the $67.5K price level, whereas Ethereum (ETH) traded at the $3.5K mark.
Meme coins have taken a beating following the market-wide downturn led by Bitcoin selling off below the $67,000 mark. What Happened: CoinGecko data shows a 7.5% drop in the market capitalization of meme coins over the past 24 hours.
As the cryptocurrency market faces turbulence, the recent activity surrounding Pepe Coin (PEPE) is capturing attention. Despite a downturn in PEPE price, a substantial whale transaction suggests potential bullish momentum.
PEPE's price trends in 2024 demonstrate a pattern of sharp gains immediately following FOMC meetings.
With the price of Bitcoin dropping below its important support level of $68,000, the memecoin category has experienced a bloodbath with top memecoins losing significant value in their respective portfolios. Furthermore, the Pepe token continues to display a strong bearish price action by recording a correction of approximately 2% within the past day and 13.
Pepe Coin (PEPE) faces a crucial period in June 2024, with mixed technical indicators and recent whale activity hinting at a potential price recovery
As June progresses, the global cryptocurrency market is experiencing a downturn, as Bitcoin trades below $70,000. Amid the broader market decline, Pepe Coin (PEPE) has experienced significant price fluctuations as well.
BEER is one of the very few meme coins witnessing some gains today (June 11).
The cryptocurrency market displays weakness as bears showcase their dominance. Bitcoin (BTC) lost nearly 3% over the past 24 hours, triggering notable slides in the altcoin sector. Meanwhile, PepeCoin (PEPE), Uniswap (UNI), and Bitbot (BITBOT) signal potential bounce-back with enough momentum for long-term uptrends. Let's find out more.
Crypto whales are gearing up for what might be an interesting week for PEPE. On-chain data reveals crypto whales have been busy over the weekend as many look to position themselves before the start of the new week.
Here are three cryptos to avoid, for long-term investors concerned about potential downside during the next crypto market downturn.
The meme coin market has experienced a bullish rally over the past few weeks, coinciding with a slowdown in the altcoin and Bitcoin markets. Notably, the return of Roaring Kitty ignited a bull run for GME, a SOL meme coin.
Nascent's inaugural foray into PEPE signifies growing major player confidence in the frog-themed token.
PEPE has seen a 32.6% drop, but the metrics indicate a possible bullish rally.
PEPE saw a 5% surge after a whale purchased 231 billion tokens, signaling the potential for a rally. The significant buyup, worth $2.9 million, occurred within 24 hours, raising hopes among investors for a price rebound.
Santiment's Brian recently appeared on Thinking Crypto's latest episode, where he shared his views about the altcoin rally. Brian spoke about the top 50 meme coins by market cap and said that Dogecoin seems to be dead, while Shiba Inu has shown little change in the last 30 days.
We might be looking at the biggest movement of value in human history. PEPE is an example of how value is projected, and it could be a sign of things to come.
The cryptocurrency market has experienced a significant correction in its valuation over the past weekend, with top tokens recording a notable correction in their respective portfolios. Following the trend, the memecoin category displayed a similar trend and broke down their important support levels.
PEPE, the frog theme memecoin, recently saw its price drop after reaching $0.0000172 in late May, it's now at $0.0000123, with its market cap reduced to $5.25 billion. This downward trend suggests the cryptocurrency market might be entering a phase of correction or consolidation.
The markets witnessed a sluggish trend throughout the past weekend, due to which the prices of the majority of the tokens traded within a very narrow range. Besides, some of the memecoins are displaying some strength and hence the rest of them are expected to follow the trend.
PEPE Price Analysis: Pepe's price hit an all-time high on May 27, 2024, but has been retracing since then. Nevertheless, investors remain hopeful for a rebound, as the price chart suggests a bullish outlook.
Frog-themed memecoin Pepe (CRYPTO: PEPE) proved to be one of the outliers of the cryptocurrency market Sunday, notching up steady gains when the broader market hardly moved. What Happened: The third-largest memecoin in market cap rose more than 7% in the last 24 hours, reversing the corrective action from last week.
