So far in 2023, Pepe (PEPE) has been a highly popular meme coin. Following its launch in the second quarter of 2023, it exploded and is now the third most popular memecoin. The token was made in remembrance of the well-known online meme Pepe the Frog. It is a good crypto to buy because it is currently listed among the top 100 cryptocurrencies. Nevertheless, there has been some doubt as to whether it is still the top coin of 2023. It has declined by over 70% from its peak, although it has been performing well over the last few weeks. As 2023 draws to a close, experts project a price of $0.000005 for
What's On The Horizon For Pepe Coin (PEPE): A Major Bull Run?
Pepe Coin (PEPE) Fundamental Analysis
Emerging as a dark horse in the meme cryptocurrency race, Pepe Coin (PEPE) has garnered attention for its meteoric rise and the unique culture it represents. Skipping the traditional ICO route, PEPE debuted directly on exchanges in April 2023 at a modest $0.000000001, only to soar to an all-time high of $0.00000431 within weeks. This staggering 430,000% surge, though followed by an 80% dip from its peak, hints at the volatile yet enticing nature of meme tokens.
The PEPE team is working hard to bring the token to the next level, by onboarding a new team of advisors and exploring strategic partnerships and marketing opportunities. This could drive the token's value and open up more growth opportunities.
BTC.D is moving within a rising wedge on the weekly timeframe, which is technically a bearish pattern. The RSI is in the overbought region and has formed a bearish divergence.
Consequently, we can expect a decline in BTC.D soon. A sustained breakdown of the rising wedge would provide strong bearish confirmation. A downward trend in BTC.D, while BTC moves sideways or bullish, would indicate a bull run in altcoins.
Shiba Inu is up by 7% in the past 24 hours amidst an uptick in the meme coin market, coming ahead of Dogecoin at this time. The meme coin niche has witnessed a strong resurgence in the past day, with the entire niche up by 7.82%. Shiba Inu has particularly done well and witnessed a strong volume of interest amidst this uptick. Interestingly, this uptick in volume for SHIB has surpassed DOGE, with on-chain data suggesting SHIB could do better in the short term. At the same time, crypto analyst Ali Martinez has revealed a phenomenon that could lead to a 20% upswing for SHIB. #Memecoins #ETHETFS #altcoins #BinanceLaunchpool #BlackRock
A number of Dogecoin metrics have turned bullish in the last few days, showing increased interest from investors. This ranges from the meme coin’s daily derivatives trading volumes to its open interest seeing a significant increase. However, in the midst of this, the Dogecoin price has remained limp, sparking worries among investors.
What happened: On Wednesday a total of 12,325.35 Ether ETH/USD worth $47,702,073, based on the current value of Ethereum at time of publication ($3,870.24), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.
Why it matters: On August 5th, 2021, the Ethereum blockchain implemented an important upgrade known as EIP-1159. This Ethereum improvement proposal changed the fee model drastically. Now each transaction includes a variable base fee that adjusts according to the current demand for block space. This base fee is burned, or permanently removed from circulation, lowering the supply of Ether forever.
Shib's partnership with Zama sets new privacy standards in the crypto world, enhancing ecosystem security. Zama's expertise in Fully Homomorphic Encryption fortifies Shib Ecosystem's defenses against privacy threats. Shiba Inu's recent 20.23% value increase highlights growing investor confidence amid the Shib-Zama collaboration. In a significant development, Shytoshi Kusama announced Shib's latest "partnership" with Zama, a leader in cryptography. This move underscores the importance of encryption and privacy within the Shib Ecosystem. Shib, a key crypto player, collaborates with Zama to pioneer new privacy standards. This collaboration marks a turning point in Web3's evolution, enhancing data security and user privacy.
The meme coin’s market capitalization has soared to $18.6 billion following a 30% surge in value within a 24-hour span. Futures market data reveals a 50% spike in Dogecoin’s futures interest, pushing open interest to an unprecedented $1.09 billion. Despite this, market analysts anticipate a potential moderation in market excitement.
In light of recent exchange-traded funds (ETF) volume declines, there is speculation about potential weekend profit-taking unless the market encounters unexpected developments. The burgeoning interest in Dogecoin futures suggests a strong influx of capital into the asset.
The surge isn’t isolated to Dogecoin alone. Other meme tokens, such as BONK and Shiba Inu, have also exhibited notable activity, echoing the volatility that these assets are known for during bullish market trends.