PEPE Hits 30-Day Low: Is This the End of Memecoin Madness?
PEPE's futures interest drops by 30%, reflecting broader market decline. Demand and profitability decline, raising questions about memecoin future.
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PEPE's futures interest drops by 30%, reflecting broader market decline. Demand and profitability decline, raising questions about memecoin future.
A significant transfer of $21.10 million worth of Pepe (PEPE) from KuCoin exchange, equivalent to 2.63 trillion tokens, triggered a downturn in PEPE's price. Despite a modest 1.12% increase, previous decline to $0.000073 indicates impact of transfer. Exchange inflow stands at 22.11 billion, surpassed by outflow at 88.30 billion, suggesting long-term holding preference over selling. Stability predicted, with potential rise to $0.0000081, but failure in bullish trends may lead to decline to $0.0000073. Mixed signals from RSI and MFI hinder significant upward movement. Decline in social dominance indicates reduced discussion intensity, possibly signaling nearing stability or bottom. While potential surge in PEPE's value is plausible, vigilance for sentiment shifts advised to avoid nullifying anticipated gains.
The recent market correction has led to substantial price declines for meme coins like WIF, BONK, and PEPE. While some indicators suggest potential buying opportunities, caution is advised as further downturns remain possible.
Meme coins, including WIF, PEPE, SHIB, DOGE, FLOKI, and BONK, are surging with triple-digit gains, outshining Bitcoin in the crypto market. While Bitcoin inches towards its all-time high, meme coins dominate the spotlight, showcasing unprecedented growth amidst bullish market sentiment.
The world of cryptocurrencies witnesses a resurgence as memecoins regain prominence alongside the broader market's upward trajectory, primarily fueled by the anticipation of Bitcoin exchange-traded funds (ETFs).
PEPE memecoin has outperformed SHIB and DOGE, surging with a record-breaking token burn and newfound investor confidence
Major cryptocurrencies experienced a significant surge on Sunday evening, largely attributable to the performance of Bitcoin throughout the week, breaking through the $31,000 mark on Monday. In a single day, Bitcoin's price continued to skyrocket, hitting $35,000.
The meme market seems to be facing a collapse, and the market's anxiety is spreading again. What's the reason? The lack of new narratives, the investors are smart, and all went to blue chip NFT.
Long-termist seems to be a very unpopular word at the moment, because most people in the circle are pursuing "opportunities to get rich quickly" and "immediate wealth feedback."
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