|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pepe (PEPE) made an explosive rebound to a price not seen since the end of August on the way to the weekend.
Meme coin PEPE (PEPE) enjoyed the weekend with a 15% gain, reaching $0.00001127 by 6:00 AM UTC. The token also experienced a 16% price movement from a low of $0.000009841 to a high of $0.0000115 in the past 24 hours.
As the meme coin changed hands, over $1.4 billion worth of PEPE moved between DeFi wallet addresses. With a circulating supply of 420.69 trillion, the latest developments pushed the cryptocurrency’s market cap to $4.74 billion.
In the longer timeframes, PEPE exhibited significant gains, rising 39.50% in a week, 44.50% in a month, and $1,437.80 in a year.
The token’s all-time high was only four months ago at $0.00001718. At this rate, it needs to rally by 52.44% to match its record-high figures.
PEPE’s technical analysis from TradingView, which is adjusted in accordance with various oscillators and moving averages, recommends a “Strong Buy” on the daily chart. In contrast, it indicates “Buy” on the one-week and one-month frames.
However, the daily relative strength index (RSI) reading of 74 based on the price fluctuations warns that the meme coin is already overbought. This suggests that the asset may be due for a pullback or correction in the short term if PEPE fails to maintain its bullish momentum.
Bitcoin (BTC) pushed past the $66K boundary on several occasions in the past 24 hours, leading to gains for altcoins. Meme coins have particularly benefited from the world’s premier crypto asset’s significant recovery and the ensuing FOMO (fear of missing out), especially Shiba Inu (SHIB).
Recent events have led analysts to surmise that we may be on the brink of another altcoin season or meme coin mania. Popular crypto trader Ali Martinez, who uses the handle @ali_charts on X, also shared the same sentiment.
A few days ago, Martinez noticed that altcoins, excluding Ethereum (ETH), have been accumulating in total market capitalization. At that time, he said that they were on the verge of a breakout.
"Altcoins (ex ETH) total market cap breaking out. I don't know if full-blown altcoin season yet, but it's definitely a good start."
— Ali (@ali_charts) December 13, 2023
Although Martinez was unsure whether or not the crypto market was already on a full-blown altcoin season, he remarked that the pattern playing out was “definitely a good start.”
We strongly recommend investors to exercise due diligence before investing in PEPE. The information here, although not comprehensive, could present them with a good starting point for their research.
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.
-
- TRX Price Prediction: Will TRX Crash or Moon?
- Sep 28, 2024 at 06:20 pm
- TRX’s price stability can largely be attributed to a notable decline in transaction volumes on the Tron blockchain. This reflects a growing confidence
-
- Bitcoin (BTC) and Altcoins Will Witness Big Upside Bursts for the Rest of the Year, Crypto Analyst Kevin Svenson Predicts
- Sep 28, 2024 at 06:20 pm
- Cryptocurrency analyst Kevin Svenson believes Bitcoin (BTC) and altcoins will witness big upside bursts for the rest of the year.
-
- dYdX to Sunset v3 Product, Focus on dYdX Chain Development
- Sep 28, 2024 at 06:20 pm
- Rongchai Wang Sep 28, 2024 06:37 dYdX Trading Inc. announces the sunset of its v3 product to focus on the development of dYdX Chain software
-
- Domestic worker involved in theft at Telangana Deputy CM Mallu Bhatti Vikramarka's residence apprehended in West Bengal
- Sep 28, 2024 at 06:20 pm
- The suspects, identified as Roshan Kumar Mandal and Uday Kumar Thakur from Bihar, have confessed to their involvement in the burglary.
-
- X Empire (Musk Empire) Winds Down Mining Phase, Prepares for Airdrop in Early October
- Sep 28, 2024 at 06:20 pm
- As the mining phase of X Empire winds down with only a few days left, now is the time for players to maximize their in-game earnings.
-
- Rexas Finance (RXS) Emerges as a Promising Contender in the Cryptocurrency Landscape, Targeting Exponential Returns Beyond Legacy Crypto Assets
- Sep 28, 2024 at 06:20 pm
- Rexas Finance (RXS) has captured the attention of analysts and investors alike with its distinct features that set it apart from conventional cryptocurrencies.
-
- TokenPicks: The Ultimate Crypto Signal and Education App
- Sep 28, 2024 at 06:20 pm
- The world of cryptocurrency is fast-paced, ever-evolving, and often difficult to navigate, especially for newcomers. That’s where TokenPicks comes in—a cutting-edge crypto signal and education app designed to guide users through the complex world of crypto trading and investments.
-
- Hamster Kombat's HMSTR Token Launch Hits $1.2 Billion in Trading, Putting TON Network Under Pressure
- Sep 28, 2024 at 06:20 pm
- Hamster Kombat, a popular Telegram game, finally released its HMSTR token on Thursday on The Open Network (TON). Despite player complaints about airdrops being too little, the token experienced substantial trading activity on its debut day.
-
- Bitcoin (BTC) Crushes Gold (GLD) and Bonds (BND) by Gains, Evangelists Michael Saylor Says “Bitcoin is Winning”
- Sep 28, 2024 at 06:20 pm
- Michael Saylor, Bitcoin permabull and the co-founder of MicroStrategy juggernaut that stacks BTC, has published a tweet to highlight Bitcoin's high performance