Pepecoin (PEPE) whales have, in a surprising move, dumped their meme holding and turned their eyes to other places, mainly two cryptos.
Pepecoin (PEPE) price has seen a significant drop of 35% in the last month. Currently, the meme coin is trading at $0.0004597, a far cry from its ATH of 0.002129 on 9 December. However, despite the loss, PEPE managed to close the last trading session in the green.
This downturn has left many traders and whales nursing losses after a drop from thePepecoin price, multiple savvy whales have left the coin. PEPE has found it hard to sustain long-term value with little utility and hype, making it unlikely the token will return to previous highs. Pepecoin still attracts speculators as a potential investment tool, but its lack of utility, as opposed to Cardano and the mentioned altcoin, is redirecting whale’s dollars elsewhere.
Cardano (ADA) price hit an all time high of $3.10 in September 2021, but it hasn’t been able to return to those levels. Now, Cardano price trades at $1.13, which is roughly 70% down from its peak, and may seem like an attractive entry point for long term investors. With the implementation of its Hydra Layer 2 solution, Cardano price is tipped to reach $2 or higher in the next few months.
However, despite Cardano’s strong fundamentals and growth potential, its established market position and large circulating supply may limit its upside potential. Newer projects, such as the about altcoin we mentioned, offer a much better risk vs reward for investors who are looking for exponential returns.
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