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For the bulls to regain control in the short term, they must gather sufficient momentum to overcome the resistance level at $0.0000075 and successfully confirm it as a support level through a retest.
Against the backdrop of market corrections and consolidations witnessed recently, meme coins once again nabbed significant investor attention today, Aril 5, jotting down remarkable downturns in the past 24 hours. Some of the top meme coins, encompassing Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), Pepe (PEPE), and Book of Memes (BOME), noted a remarkable plunge
Arthur Hayes, the former CEO of BitMEX, has shared his perspective on meme tokens like Shiba Inu, Dogecoin, PEPE, and Dogwifhat within the crypto ecosystem, hailing them as catalysts for growth and innovation.
As meme coins are going through a revival of interest from traders and investors, some have missed out on the chance to accumulate cheap Pepe (PEPE), but the ever-growing cryptocurrency sector has an alternative that could become equally successful in the near future.
As the bull run in Bitcoin regains momentum after the successful retest of the $65,000 mark, a fresh breeze of relief starts in the market. Amidst this recovery, the PEPE meme coin shows a potential price jump despite the ongoing correcction phase.
A quirky shift has taken hold in the Indian cryptocurrency market, with memecoins surging in popularity to the point meme-inspired cryptocurrency Shiba Inu ($SHIB), $PEPE, and $FLOKI dominated trading on the country's leading cryptocurrency exchanges WazirX last month.
In the realm of meme coins to sell, these cryptos struggle with utility and development, despite brief surges from social media hype.
Large spikes on the 26th and 27th of March were followed by a wave of selling pressure.
Memecoins are trading sideways after a mid-week attempt by cryptocurrencies to change the bearish outlook although assets like PEPE and FLOKI remain in the red zone. On-chain data shows similar outflows from both memecoins this week as the wider market attempts to recover from previous liquidations.
The recent surge of PEPE (CRYPTO: PEPE) has market observers buzzing in the wacky world of memecoins. What Happened: Over the past two months, this internet frog-faced favorite has seen its market cap balloon to over $3 billion, sparking a frenzy among investors and traders.
The meme coin sector tumbled the most as Bitcoin corrected from last week's highs above $70,000. Tokens like PEPE, WIF, and BONK slashed gains made in March by considerable margins.
The market for digital currencies is bustling with anticipation as seven potential Dogecoin ‘killers' emerge. Shiba Inu Coin (SHIB), dogwifhat (WIF), Pepe (PEPE), BOOK OF MEME (BOME), Dogelon Mars (ELON), Bonk (BONK), and Floki (FLOKI) are poised to outperform Bitcoin in 2024.
Pseudonymous cryptocurrency trader Altcoin Sherpa views Pepe (CRYPTO: PEPE) as a “decent pick” to consider for the years 2024-2025 but notes retail investors might also be intrigued by "new and shiny" tokens. What Happened: In a March 31 post on X, Altcoin Sherpa analyzed several large-cap meme coins, discussing their potential for traders.
The PEPE price is poised for a notable decline, with whales halting their accumulation last week, reflecting a drop in investor interest. The shift of the SAR indicator from bullish to bearish, alongside a forecasted possible 40% correction, further shows the bearish outlook.
In recent days, Bitcoin has faced a notable downturn, largely influenced by a confluence of factors including a cooling demand for US exchange-traded funds and shifting perceptions surrounding Federal Reserve monetary policy. This resulted in a sharp decline of up to 5.3% in Bitcoin's value, ultimately stabilizing around $66,735 during trading hours in Singapore.
Investors and traders are showing considerable interest in PEPE, with many believing it's still on an upward trajectory. There's speculation and discussion about whether PEPE could potentially overtake Shiba Inu (SHIB) as a leading meme coin.
PEPE has attracted much attention over the past few days, with the last 24 hours taking the memecoin's total market cap to upwards of $3 billion. A recent pullback hasn't damaged the coin's bullish record much.
Buying hype cryptos can bring you multiple gains before they drop. With these meme coins to sell, you may reduce potential loss risks.
The meme coins industry registered the most bullish month in March for more than two years, led by Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Floki (FLOKI). According to the latest market data, the meme coin industry had a total valuation of about $68 billion and a daily average market value of around $8.
The top crypto prices today registered a rebound as the Bitcoin (BTC) price sustained above the $70,000 level. In addition, the Ethereum price surged past $3,600 mark.
Over the past two weeks, PEPE, the Frog-themed memecoin is wavering sideways struggling to sustain above the $0.0000086 resistance. Such similar consolidation in most major altcoins follows the lead of Bitcoin price fluctuation around $70000.
The A/D indicator resumed its uptrend as PEPE's prices rose above this level.
Amid the pale performance of major "serious" segments, large-cap meme coins are surging again. One mid-sized meme crypto on the Base blockchain quadrupled in the last seven days.
PEPE's price increased in the last 24 hours, giving some comfort to the memecoin's investors.
