Amendments are slowing down SEC decisions for both BlackRock and Grayscale, despite experts indicating the agency’s limited involvement. The SEC will delay rulings on BlackRock and Grayscale’s spot Ethereum (ETH) exchange-traded fund (ETF) applications, each valued at $3,229.

The SEC announced delays in deciding on Grayscale’s application and in making amendments to BlackRock’s application just hours after postponing a decision on Franklin Templeton’s proposed spot Ethereum ETF.

SEC Extends Deadline for Grayscale’s ETH Trust Conversion
The Securities and Exchange Commission (SEC) was set to announce its decision regarding the conversion of Grayscale’s ETH Trust to a spot ETH exchange-traded product on NYSE Arca by April 24. However, this deadline has now been pushed back by 60 days to June 23.
In its notice on April 23, the SEC stated that it requires more time to evaluate the proposed rule change, especially after Grayscale’s filing of Amendment No. 1, which was published on April 2. Although the amendment strengthened Grayscale’s arguments, it did not substantially alter its proposal.
Additionally, the SEC is expected to reach a decision on the Franklin Templeton application by June 11.
On the same day, April 23, Grayscale filed an S-3 form for a Grayscale ETH Trust and an S-1 for a Grayscale ETH Mini Trust, indicating further developments in the cryptocurrency investment realm.

SEC notice of filing of BlackRock amendment. Source: sec.gov
Spot ETH ETF Applications Face Delays and Uncertainty
In November, BlackRock filed an S-1 application for a spot Ethereum (ETH) ETF. However, the decision on BlackRock’s application was postponed in March. Later that same month, the Securities and Exchange Commission (SEC) delayed decisions on Hashdex and ARK 21 spot ETH ETF applications by two months, now expected in late May.
On April 19, BlackRock submitted an amendment to its application. In response, the SEC issued a notice on April 23 outlining the changes introduced in the amendment, primarily focusing on the creation and redemption of shares. The notice also extends the comment period on the proposal for 21 days after its publication in the Federal Register. However, no new deadline for an SEC decision was specified.
Also Read:   Cardano Shows Signs of Rebounding to $80 and Beyond

Source: Eleanor Terrett
Observers suggest that the SEC’s apparent disengagement with spot ETH ETF applications may indicate a looming rejection.
In a separate development, Grayscale secured a victory over the SEC in August when an appeals court partially overturned the SEC’s rejection of its application to convert its over-the-counter Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin (BTC) ETF.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
 

#EThereum #ETHETF #ETH #ETF #Blackrock

For the next six months, Worldcoin intends to sell up to 1.5 million WLD tokens weekly to specific trading firms outside the United States. Additionally, the digital identity project, Worldcoin, plans to boost its WLD token supply by as much as 19% during this period.

This increase will occur through a series of private sales to institutions located outside the United States.

Worldcoin Plans Significant WLD Token Supply Expansion
In an April 23 blog post, Worldcoin revealed its strategy to boost the supply of WLD tokens significantly. The subsidiary, World Assets, under the Worldcoin Foundation’s purview, will oversee the token issuance process. They aim to sell approximately 1.5 million WLD tokens, valued at about $8.2 million, weekly through private placements to institutional trading firms outside the U.S.
According to Worldcoin’s announcement, World Assets anticipates selling between 0.5 million and 1.5 million WLD tokens per week on average. This continuous influx will result in a proportional increase in the circulating supply of WLD tokens.

Source: Worldcoin
Over a span of six months, this initiative will introduce approximately 36 million new WLD tokens into the market, translating to an estimated value of around $197 million, based on CoinGecko data. Given the current circulating supply of 193 million WLD tokens, these private sales signify an 18.6% surge in the total available supply within the same timeframe.
Worldcoin’s Negotiation Strategy and Market Position
Worldcoin disclosed its intention to engage in negotiations with individual trading firms, especially those in competition with each other. The aim is to facilitate private placements at or near prevailing market prices for WLD tokens. This approach seeks to mitigate potential price impacts on the token.

Despite its current market capitalization of $1 billion, Worldcoin’s fully diluted value (FDV) stands significantly higher at $54.5 billion, considering the total value if all tokens were in circulation.

Worldcoin is ranked as the 6th largest cryptocurrency by FDV. Source: Coingecko
Launched from beta in July 2023, Worldcoin was co-founded by OpenAI CEO Sam Altman, current CEO Alex Blania, and Max Novendstern, who also leads the biometrics research firm Mana. Positioned as a crypto-based digital identity project, Worldcoin addresses identity challenges stemming from AI advancements and introduces a unique universal basic income model through its native WLD token.
Worldcoin’s Identity Registration Process and Price Movement
Identity Registration with the “World App”: Worldcoin users undergo identity registration using the company’s “World App,” where they scan their retinas at machines known as “Orbs.” In return for providing their biometric data, users receive approximately 25 Worldcoin, valued at around $137 currently.
Price Movement Amidst AI-Linked Crypto Rally: Benefiting from a broader surge in the prices of AI-linked cryptocurrency projects, Worldcoin experienced a remarkable 435% surge from its launch price of $2.17 on July 24 to its peak of $11.74 on March 10.

Worldcoin grew other 450% in six months: Source – CoinGecko
Recent Price Decline: Despite its previous upward trajectory, Worldcoin has witnessed a significant downturn in recent weeks, with its price plummeting by over 53% from its all-time high. Presently, it is being traded at $5.49.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#WLD #Worldcoin​ #Bitcoin #Ethereum $WLD $BTC $ETH

Dogecoin might face a potential sell-off soon, which could cause its price to drop. This concern arises as a substantial portion of Dogecoin is nearing a point where it could become profitable to sell. If this happens, it wouldn’t be surprising to see many investors selling their Dogecoin holdings to lock in some profits.
An intriguing situation arises with Dogecoin’s price potentially reaching $0.17, as it could have both positive and negative implications. Many Dogecoin coins were purchased when the price ranged between $0.15 and $0.168. If the price surpasses $0.17, all of these coins would be in profit.

Potential Implications of Dogecoin’s Price Movement
10 Billion DOGE Coins Await Profit at $0.17: Data from IntoTheBlock reveals that around 10 billion DOGE coins are currently positioned at a level where they would become profitable if Dogecoin’s price surpasses $0.17. This equates to more than $1.58 billion in value waiting for the $0.17 price point to be reached.

Source: IntoTheBlock
Balancing Act for Dogecoin’s Future: While a rise above $0.17 would be a positive development for the meme coin, it also exposes it to the risk of a sell-off from these holders. Considering that Dogecoin’s price remained relatively stable for much of 2023 before showing some upward movement in March 2024, there is a sense of investor fatigue. Some holders may opt to cash out their profits at the first opportunity.
Considerations for Investors: Nevertheless, it’s worth noting that surpassing $0.17 may not yield significant profits for many investors. Therefore, they might prefer to hold onto their Dogecoin until prices rise further, rather than selling at a breakeven point.

Current Status and Analyst Predictions for Dogecoin
Presently, the price of Dogecoin remains 7% below the $0.17 level, leaving some room for movement before reaching that point. However, if a significant number of DOGE investors opt to sell their coins, it could drive the price back down towards the $0.15 support level.
Despite the potential for a sell-off, bullish sentiment persists within the Dogecoin community. Several crypto analysts have forecasted substantial gains for DOGE’s price. Analyst Altcoin Sherpa is optimistic about Dogecoin’s performance in 2024, expecting it to outshine many other altcoins.

DOGE price trending at $0.158 | Source: DOGEUSDT on Tradingview.com
Another analyst, Ali Martinez, suggests that Dogecoin has entered the buy zone, making it an attractive option for accumulation. Martinez predicts that the DOGE price could surge by as much as 700% from its current levels, surpassing the $1 threshold and establishing a new all-time high.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Doge #Dogecoin #Bitcoin #Ethereum #Shib $DOGE $SHIB $PEPE

In the last day, Hedera Hashgraph (HBAR) had a wild ride due to confusion and too much optimism. Yesterday, it shot up by over 105% in trading but then quickly dropped by more than 20%. This morning, it continued to fall, losing over 26% of its value. This rollercoaster could give critics more reasons to doubt cryptocurrencies.
Today, Hedera’s price started higher than yesterday’s opening, at $0.156441 compared to $0.090412. However, it quickly fell from its peak of $0.18025 earlier in the day to $0.132002 at the time of writing, marking a steep decline of over 26% in just a short period. But what caused this sudden drop?

Confusion Surrounds Hedera’s Announcement on BlackRock MMF Tokenization
The HBAR Foundation sparked widespread interest on social media when it posted about BlackRock’s ICS US Treasury money market being tokenized on Hedera.
This announcement, hailed as a significant milestone in asset management, garnered over 2 million views within hours. However, some misinterpreted the message, believing that BlackRock had chosen to tokenize its money market fund directly on the Hedera blockchain.

In reality, BlackRock was not directly involved in tokenizing its MMF on Hedera. Instead, the Twitter post referred to the availability of BlackRock MMF shares as tokenized assets on platforms like Archax and Ownera, in addition to Hedera.
Archax clarified this aspect in a blog post the same day, stating that they were expanding their offerings to include the BlackRock ICS US Treasury money market fund as a tokenized asset available on their platform and connected networks.

Social Media Reacts to HBAR Foundation’s Ambiguous Announcement
The HBAR Foundation’s announcement regarding the tokenization of BlackRock’s ICS US Treasury money market fund on Hedera sparked criticism and confusion on social media platforms. Many users, like Chris O (TheOCCryptobro), clarified that BlackRock itself was not directly involved in the tokenization process and had no affiliation with the Hedera protocol.
Chris O explained that the tokenization of the BlackRock fund on Hedera was initiated by a project within the HBAR community, similar to an individual purchasing a Rolex and sharing a photo on social media without implying a partnership with the luxury brand.

Hedera’s Volatility Fuels Anti-Crypto Sentiment
The recent rollercoaster ride experienced by Hedera Hashgraph (HBAR) has provided ammunition to anti-cryptocurrency voices, including prominent figures like Jamie Dimon, regulators, and Federal Reserve presidents. The sharp fluctuations in HBAR’s price, driven by misleading information and non-events, exemplify the type of instability that critics often associate with blockchain technology and cryptocurrencies.
Hedera’s rapid surge, followed by a steep decline within a short timeframe, underscores the perception of volatility without a solid foundation. This episode feeds into the narrative propagated by detractors, who argue that cryptocurrencies and decentralized finance (DeFi) lack stability and reliability, making them unsuitable for widespread adoption.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#HBAR #Hedera #HederaHashgraph #Bitcoin #Ethereum $HBAR

After surpassing the $66,000 resistance level, the price of Bitcoin has entered a period of consolidation. Currently, Bitcoin is aiming for a further increase above the $67,200 resistance level, indicating potential for the next upward move.
Bitcoin is aiming for a notable rise above the $67,200 resistance zone, trading above $65,500 and the 100 hourly Simple Moving Average. On the hourly chart of the BTC/USD pair from Kraken, a bullish trend line is forming with support at $65,900. The pair might experience bullish momentum upon surpassing the $67,200 resistance level.

Bitcoin Price Analysis: Potential Upside Targets
Fresh Increase Above Key Resistance Levels: Bitcoin’s price has initiated a new uptrend, surpassing crucial resistance levels at $65,500 and $66,000. BTC even surged past $67,000, reaching a high of $67,200 before consolidating its gains.
Stability Above Support Levels: Although there was a minor decline below $66,500, Bitcoin remained stable above key support levels. The price held above the 23.6% Fibonacci retracement level of the recent upward move from the $64,280 swing low to the $67,200 high. Additionally, Bitcoin is still trading above $65,500 and the 100 hourly Simple Moving Average.
Bullish Momentum and Key Levels: On the hourly chart of the BTC/USD pair, a bullish trend line is forming with support at $65,900. This trend line aligns closely with the 50% Fibonacci retracement level of the upward move from the $64,280 swing low to the $67,200 high.
Potential Resistance and Upside Targets: Immediate resistance is anticipated near the $67,000 level, with the first major resistance at $67,200. A decisive move above this level could propel the price higher, with the next resistance lying at $68,500. Further upward momentum could push Bitcoin towards the $70,000 mark.

Source: BTCUSD on TradingView.com
Higher Targets and Outlook: Looking ahead, the next major resistance zone is around $70,500. Subsequent gains could potentially lead Bitcoin towards the $72,000 resistance zone in the near term.
Bitcoin Price Analysis: Potential Downside Scenarios
Should Bitcoin fail to break above the $67,000 resistance zone, a downside correction may ensue. Immediate support lies near the $66,200 level.
The first major support level is at $66,000, corresponding to the trend line. A close below $66,000 could initiate a decline towards the $65,400 support level. Further losses might lead the price towards the $64,200 support zone in the near term.
Technical Indicators
Hourly MACD: The MACD is currently losing momentum in the bullish zone.Hourly RSI (Relative Strength Index): The RSI for BTC/USD is presently above the 50 level, indicating potential for further movement.
Major support levels to monitor include $66,200, followed by $66,000. On the upside, major resistance levels are positioned at $67,000, $67,200, and $68,500.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ETH #EthereumETFs #Bitcoin #Ethereum #Crypto $BTC $ETH $BNB

The price of Ethereum has maintained its gains above the $3,120 resistance level. There’s potential for ETH to experience a rally in the near future if it manages to surpass the $3,280 resistance zone.

Ethereum has continued its upward movement beyond the $3,220 resistance level, with the price trading above $3,165 and the 100-hourly Simple Moving Average. On the hourly chart of ETH/USD from Kraken, a significant bullish trend line is forming with support at $3,170. The pair might see further upward momentum if it manages to break above the $3,280 resistance zone.

Ethereum Price Analysis: Upside Potential and Key Levels
Ethereum’s price has maintained a positive trajectory above the $3,000 mark, mirroring Bitcoin’s performance. ETH saw further gains, surpassing resistance levels at $3,150, $3,165, and even spiking above $3,250.
The cryptocurrency reached a new weekly high at $3,263 before experiencing a minor correction. It briefly dipped below the $3,220 level and the 50% Fibonacci retracement level of the recent upward wave from $3,154 to $3,263.
However, bullish activity emerged above the $3,200 level, with the 61.8% Fibonacci retracement level acting as a support. Ethereum is currently trading above $3,200 and the 100-hourly Simple Moving Average, with a key bullish trend line forming at $3,170 on the ETH/USD hourly chart.

Source: ETHUSD on TradingView.com
Immediate resistance is anticipated near the $3,250 level, followed by a major barrier at $3,280. The next significant resistance level lies at $3,350, above which Ethereum could gain momentum towards $3,500.
A breakthrough above $3,500 could pave the way for Ethereum to test the $3,550 resistance, potentially leading to a push towards $3,750. Beyond this point, Ether may target the $3,880 resistance zone in the days ahead.
Ethereum Price Analysis: Potential Downside Scenarios
If Ethereum fails to surpass the $3,280 resistance level, a downside correction may be imminent. Initial support is expected near the $3,200 level, with the first major support zone around $3,180 and the accompanying trend line.

Key Support and Potential Pressure Points
The primary support level stands near $3,120. A decisive move below this support could intensify selling pressure, potentially driving the price towards $3,030. Further losses might lead Ethereum towards the $2,850 level in the near term.
Hourly MACD: The MACD indicator for ETH/USD is showing signs of gaining momentum in the bullish zone.Hourly RSI: The RSI indicator for ETH/USD is currently above the 50 level, suggesting positive momentum.
Major support is identified at $3,120, while significant resistance remains at $3,280. These levels are crucial in determining Ethereum’s short-term price trajectory.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ETH #EthereumETFs #Bitcoin #Ethereum #Crypto $BTC $BTC $ETH

BONK stands out as one of the top performers in its sector, experiencing a remarkable daily price surge of nearly 30%.

Meme coins such as Bonk Inu and dogwifhфat are witnessing notable price surges, while established leaders like Dogecoin and Shiba Inu are experiencing more moderate gains. Analysts anticipate a potential continuation of the rally in this asset class, attributing it to the recent Bitcoin halving, a phenomenon historically associated with market uptrends.

Meme Coins Shine Amid Crypto Bull Run
During the ongoing bull cycle in the cryptocurrency market, meme coins have emerged as the stars, showcasing substantial price surges over the past months. Today, April 24, continues to see a predominance of green across the majority of these digital assets.
Notable Price Spikes: Leading meme assets, including Solana-based Bonk Inu (BONK), dogwifhat (WIF), Cat in a Dogs World (MEW), and BOOK OF MEME (COME), have experienced significant daily price spikes of 27%, 17%, 23%, and 12%, respectively.
Pepe and Floki Inu: Pepe (PEPE), the third-largest meme coin by market capitalization, also recorded a jump of 15%, while Floki Inu (FLOKI) saw an increase of around 14%.

BONK Price, Source: CoinGecko
Dogecoin and Shiba Inu: However, the largest assets in this category, Dogecoin (DOGE) and Shiba Inu (SHIB), have seen more modest gains. DOGE, Elon Musk’s favored token, rose by 2% daily, while SHIB showed minimal price movements over the past 24 hours.
Total Market Capitalization: The total market capitalization of the meme coin sector now exceeds $58.5 billion, marking a 4% increase compared to the figure observed on April 23.
Analysts Predict Potential Bull Run for Meme Coins
Some analysts are forecasting a significant bull run in the near future for meme coins such as SHIB, DOGE, and WIF, among others. One factor contributing to this prediction is the recent Bitcoin halving, which occurred last week.
Also Read:   Is Bitcoin Done Dropping? 88% of Bitcoin Owners Making Money!
The Bitcoin halving event, where miners’ rewards for validating blocks on the blockchain are halved, has historically preceded major uptrends in the overall cryptocurrency market.
For instance, during the previous halving in 2020, DOGE was valued at less than a cent. However, a year later, its value surged to almost $0.70, indicating the potential for significant growth in meme coin prices following such events.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#bonk #pepe #wif #shibhinu #Dogecoin‬⁩ $PEPE $BONK $SHIB

A significant amount of Dogecoin has been transferred from an unidentified wallet to a well-known trading platform. The transfer, highlighted by a popular cryptocurrency tracking account on Twitter, reveals a staggering sum of the leading meme coin being sent to the Robinhood exchange
Among the transferred assets were hundreds of millions of Dogecoin (DOGE). This substantial transaction occurred as the price of DOGE has been striving to make a breakthrough.

Massivz Dogecoin Transfer to Robinhood
Whale Alert, a prominent cryptocurrency tracking platform, brought attention to a substantial transfer of 300,000,000 DOGE from an anonymous wallet to the trading platform Robinhood. Robinhood, known for offering its customers access to both cryptocurrencies and traditional stocks, received this significant amount of meme coins, valued at approximately $47,921,394.
However, the data shared by Whale Alert revealed that the actual volume of DOGE transferred was even higher. Alongside the 300,000,000 DOGE sent to Robinhood, an additional 129,693,892 DOGE were transacted to another anonymous wallet. This wallet now holds a staggering 1,733,699,458 Dogecoin.

This transfer of DOGE comes after a remarkable transaction involving another popular meme cryptocurrency, Shiba Inu, which is the second largest in terms of market capitalization after DOGE.
Whale Alert Uncovers Massive SHIB Transfer to Robinhood
A major cryptocurrency tracking platform, Whale Alert, recently spotted a massive transfer of 3 trillion SHIB tokens, worth about $79.9 million, between anonymous wallets. The recipient wallet was linked to the popular trading platform Robinhood, similar to a previous Dogecoin transfer.

In another significant move, an unknown investor bought a huge amount of meme coins—237.8 billion Shiba Inu tokens, valued at $6.3 million. This purchase coincided with an announcement from Shytoshi Kusama, the lead of SHIB, and the SHIB team. They revealed raising $12 million from trusted investors to develop a new Layer-3 solution on Shibarium, aiming to boost transaction and user data security in the SHIB ecosystem.
Dogecoin Struggles Amid Recovery Attempts
In recent updates, Dogecoin (DOGE), the first meme-based digital currency, has been trying to bounce back and make a breakthrough. In the last day, DOGE increased by 4.23%, showing some strength in the market.
But even with this improvement, DOGE later saw a small drop. Overall, the meme coin has stayed within the $0.1624 price range since Sunday. At the moment, DOGE is still trading at this price, suggesting it’s facing ongoing struggles with its value.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#DOGE #dogecoin #Bitcoin #Ethereum #Crypto $DOGE

As confidence in the meme coin Shiba Inu rises among investors, a new whale emerges, signaling growing interest and investment in the cryptocurrency.
As per data from Etherscan, a newly created cryptocurrency wallet bought several hundred billion SHIB meme coins just over a day ago.

New Shiba Inu Whale Emerges Amid Big Purchase and Development News
A significant transaction involving the transfer of 237,868,630,126 SHIB tokens, valued at $6,290,435, occurred from an anonymous wallet. This suggests either an over-the-counter (OTC) purchase or a large holder redistributing their cryptocurrency across smaller addresses.
The timing of this purchase coincided with a significant announcement from the SHIB team, revealing a $12 million investment for developing a layer-3 solution on the Shibarium blockchain. Additionally, the SHIB lead clarified recent global travels.
SHIB Lead Reveals Purpose Behind Extensive Travels and Fundraising Efforts
In a recent tweet, SHIB project lead Shytoshi Kusama disclosed the reason for his frequent travels earlier this year, which included visits to Japan, Hong Kong, Puerto Rico, various U.S. cities, Dubai, and the Maldives. These travels were aimed at raising funds for the development of a layer-3 blockchain solution to be built on top of Shibarium, a layer-2 solution on Ethereum.
So now you know why I kept changing my location while pitching to the smartest minds in our industry.This is a big day for SHIB as we push forward for encryption and elevate our entire brand.There's so much in store for the army. I have never been more excited for #SHIB https://t.co/qt1dx6K7ea— Shytoshi Kusama™ (@ShytoshiKusama) April 23, 2024

The layer-3 blockchain, based on Shibarium, promises enhanced privacy, security, and efficiency for SHIB transactions. SHIB’s marketing lead, Lucie, explained that adding a layer-3 solution atop a layer-2 is akin to adding an extra layer of security, making transactions more secure and efficient.

The upcoming layer-3 solution is expected to offer fast, low-cost transactions, compliance features to facilitate auditing of private transactions, and other functionalities. Additionally, the much-anticipated TREAT token, slated for release on this new blockchain, will serve as the currency for powering transactions, similar to how BONE operates on Shibarium currently.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#SHIB #SHIBAINU #Bitcoin #Ethereum #Crypto $SHIB $DOGE $WIF

On April 24, 2024, the meme coin Pepe (PEPE) experienced a significant surge of 47%, propelling it past Dogwifhat (WIF) to become the third-largest meme coin in terms of market capitalization.
According to a post by the on-chain analytics firm Lookonchain on X (previously Twitter), a whale wallet address known as 0x803, associated with rektdolphineth, accumulated a staggering 211.6 billion PEPE tokens, valued at $1.72 million, within the past 24 hours.

Whale Accumulates PEPE Tokens, Driving Upside Momentum
A notable whale investor has been actively accumulating PEPE tokens from various exchanges, both decentralized like Binance and centralized platforms such as Gateio and Uniswap. With an average purchase price of $0.000007291, totaling around $1.54 million, this whale has already garnered a substantial unrealized profit of over $173K, representing an 11% increase in their investment. Lookonchain suggests that this whale may continue accumulating PEPE tokens, further influencing the market.
In response to this accumulation, PEPE has seen an impressive 18% increase in value. Moreover, the broader meme coin sector has witnessed a collective surge of over 5%, accompanied by a 40% rise in trading volume. This indicates significant interest from both investors and traders in meme coins.
Notably, other top meme coins like Dogwifhat (WIF), Floki (FLOKI), and Bonk (BONK) have also experienced substantial upticks, with gains exceeding 20%, 15%, and 30%, respectively. As of the latest update, PEPE is trading near $0.0000079, demonstrating a notable increase in value within the past 24 hours. Over the past week, PEPE has seen a remarkable 50% surge, while its gains over the last 30 days have been more modest at 6%.
PEPE Displays Bullish Potential, Major Cryptos Lag
Expert technical analysis suggests that PEPE is displaying bullish signals, particularly on the weekly timeframe, where it has broken out of the flag and pole price action pattern. If PEPE closes above $0.0000079 on the weekly chart, there is a strong possibility of a surge exceeding 36%.
Meanwhile, leading cryptocurrencies like Bitcoin, Ethereum, and Solana are facing challenges in gaining momentum. Over the past 24 hours, Bitcoin saw a modest 0.6% increase, while Ethereum and Solana experienced slightly better gains of 2.5%.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#PEPE  #Memecoins  #Altcoin  #WIF #PEPE $PEPE $WIF $BONK