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It is not a downward movement but a signal that Ethereum is below $2100. In a short amount of time, the attention has declined significantly
The crypto market is known for its volatility, and in the past few months, we’ve seen some wild swings in price. However, one asset that has been remarkably stable is Ethereum (ETH). Despite the recent downturn in the market, ETH has managed to hold above the $2,100 level.
This stability is a testament to the strength of the Ethereum ecosystem and the faith that investors have in the world’s second-largest cryptocurrency. However, it also poses a challenge to those who are looking for quick gains. With new tokens being able to ramp up in a short amount of time, those who are slow to react may find themselves missing out on the opportunity to profit.
One such token that has been making headlines recently is PEPE. The meme coin has seen a surge in popularity in recent weeks, and its price has soared accordingly. This surge in price has also led to a massive increase in trading volume for PEPE.
In one recent day, PEPE’s trading volume reached 826,388 ETH, which is an astounding figure. To put this into perspective, on the same day, ETH’s own trading volume was only 14,060 ETH. This means that PEPE’s trading volume was almost 59 times higher than ETH’s.
This incredible trading activity can be attributed to the influx of traders who are FOMOing into PEPE in hopes of replicating the astronomical gains that some early investors have made.
The post PEPE’s Volume Explodes, Surpassing ETH’s Entire Volume in a Single Day appeared first on CryptoShot.
The crypto market is known for its volatility, and in the past few months, we’ve seen some wild swings in price. However, one asset that has been remarkably stable is Ethereum (ETH). Despite the recent downturn in the market, ETH has managed to hold above the 2,100 level.
This stability is a testament to the strength of the Ethereum ecosystem and the faith that investors have in the world’s second-largest cryptocurrency. However, it also poses a challenge to those who are looking for quick gains. With new tokens being able to ramp up in a short amount of time, those who are slow to react may find themselves missing out on the opportunity to profit.
Recently, several reports have highlighted how new tokens are quickly gaining attention and hype, diverting attention away from older tokens and allowing them to achieve impressive price rallies.
One such token that has been making headlines recently is PEPE. The meme coin has seen a surge in popularity in recent weeks, and its incredible rally has been powered mainly by meme magic and FOMO.
At the moment, there is no narrative for trading ETH, but everyone is talking about PEPE and its price movements. Additionally, PEPE's single-day volume recently outpaced ETH's entire volume by a long shot.
On one particular day, PEPE's volume reached 826,388 ETH, while ETH's volume for the same period was 14,060 ETH. This staggering difference highlights the sheer scale of FOMO pouring into PEPE as new traders try to capitalize on the token's price gains.
On the other hand, ETH's lackluster performance and the lack of new trends in the main crypto market are keeping traders focused on smaller altcoins like PEPE.
Those who want to ride the '2025 wave' and profit from the new tokens quickly are advised to act fast and join the presale for BeerBear. The token is still in Stage 5 of its presale and has raised over $1.6 million so far.
Its goal is to reach $3 million before the presale ends and the token gets listed on exchanges.
BeerBear is a BEP-20 token that runs on the Binance Smart Chain. It's a multi-functional token that offers several ways for holders to earn passive income.
Some of the highlights of the BeerBear token include:
- A unique Beer Points system that rewards early presale contributors with valuable benefits.
- A multi-level referral program where users can earn up to 9% in direct referrals and additional bonuses.
- Fast weekly payouts in USDT for both direct and indirect referrals.
- A close-knit community that is passionate about the project and its vision.
- A chance to join a hyped and fun project with the potential for huge ROI.
The post PEPE’s Volume Flips Ethereum’s Entire Volume in a Single Day appeared first on CryptoShot.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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