PEPETO Emerges as a Promising 100x Memecoin Amidst Bitcoin and Dogecoin Market Losses

Bitcoin and Dogecoin both faced substantial market losses after significant crypto market declines pulled off massive asset liquidations.

Bitcoin and Dogecoin both saw large-scale market losses after broader crypto market declines pulled off massive asset liquidations.

Crucial support at $90,000 was breached by Bitcoin as it dropped to establish new lows at $88,000, while Dogecoin crashed below $0.2050. However, despite the downturn, #PEPETO, a new meme coin with strong fundamentals, emerged as a promising alternative.

Bitcoin Drops As Market Sees Heavy Liquidations

The cryptocurrency market reacted to increased selling pressure by dropping Bitcoin prices by 8.9% to reach a new low of $88,600 in a thirty-day period. Bitcoin saw an overwhelming price decline, and $272 million worth of its positions were liquidated, part of the broader market losses of $881 million in total liquidations.

Another market-wide decrease in price is required for Bitcoin as it failed to uphold its 23.6% Fibonacci support. During this time, Binance traders increased their trading position volume, leading to a 2.88 ratio of Binance long-to-short positions. Bitcoin saw its open interest level remain at $60.05 billion as no significant changes occurred during this period.

The data from Bitcoin’s on-chain network revealed low participation as new addresses reached their lowest point since July 24.

#Dogecoin saw extensive downward movement following its breach of important support positions, dropping to $0.2052. The price was now beneath the 23.6% Fibonacci retracement domain as it met resistance at the $0.2180 mark. The downward slope of resistance prevented Dogecoin from establishing upward movement to recover its market value.

Despite starting the day with a 6.46% drop, the price showed signs of recovery as it rose above the 23.6% Fibonacci retracement level.

PEPETO Emerges As Promising 100x Meme Coin Opportunity

With emerging projects concentrating on community engagement and utility, PEPETO positioned itself as a standout alternative. It offers an attractive prospect with 316% staking rewards and a structured tokenomics model that contributes to long-term potential.

While the broader crypto market encountered turbulence, PEPETO stood out for its strong fundamentals and structured approach. Having raised $4.8 million during its presale phase, PEPETO saw traders express enthusiasm for the project.

Unlike many meme coins, PEPETO prioritizes utility and security, making it an appealing option for retail traders and institutions. Its tokenomics are designed for long-term sustainability, with 30% allocated for presale, 30% for staking, and 20% for marketing.

In contrast to typical hype-dependent models used by regular meme coins in the marketplace, PEPETO adopts a different strategy. Moreover, by integrating multiple payment options, including Ethereum, Tether, and Binance Coin, #PEPETO ensures accessibility for a wider audience.

Security remains a priority as #PEPETO underwent audits by reputable firms to reinforce confidence. Distinct from pumps and dumps, PEPETO maintains honest operations that aid traders in identifying reliable assets during the emerging meme coin market.

As Bitcoin and Dogecoin encounter difficulties, #PEPETO presents itself as a potential 100x opportunity in the market.