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Dogecoin Rally Intensifies: Eyes Set On Historic New Highs

After a retracement from its current high of $0.22960, the price of Dogecoin (DOGE) looks like it is not yet done as the memecoin bounced back and moving toward its current high.

Dogecoin Price Technical Analysis

Dogecoin is one of the few memecoins that have captured the hearts of many crypto investors. Like Shiba Inu and Pepecoin (PEPE), Dogecoin is backed up by a strong and exciting community which has played a huge role in its success so far. 

At the time of writing, the price of DOGE was trading around $0.19713 and was up by over 5% in the last 24 hours. Also, the price is currently trading above the 100-day moving average with very strong bullish momentum in the 4-hour timeframe.

The MACD indicator in the 4-hour timeframe suggests an upward spike. This is so because the MACD line and the MACD signal that was trending below the zero line have both crossed, heading toward the MACD zero line. 

If the MACD line and the MACD signal line manage to cross above the MACD zero, Dogecoin might move higher to create a new high. Meanwhile, the MACD histogram is already trending above the zero line which suggests a bullish momentum.

Dogecoin

The Relative Strength Index (RSI) on the 4-hour timeframe also indicates a bullish momentum toward the upward direction as the RSI signal line has crossed above the 50% level and is heading towards the overbought zone. According to the RSI indicator, the strength of the upward movement is still very strong as buyers are still very active in the market.

Potential Retracement On The Downside

Given the price’s previous surge, two major resistance levels and one major support level were created around $0.22960, $0.2244, and $0.19622 respectively. If the price of DOGE manages to move above the resistance level of $0.22441 level, it might move even further upward toward the resistance level of $0.22960. 

At this point, if the price succeeds in breaking above this level, the price might surge higher to create a new high. On the other hand, if the price fails to break above this resistance level, the price might start a new downward movement toward its previous support level of $0.19622. However, a breakout below the $0.19622 level could trigger a new downward trend.

Dogecoin

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PEPE Explodes 140% Today – What’s Up With This Frog-Themed Meme Coin?

Pepe Coin, the meme-inspired cryptocurrency, just doesn’t run out of surprises, skyrocketing by nearly 140% in the weekly timescale. This remarkable comeback has not only caught the attention of cryptocurrency enthusiasts but has also ignited renewed interest in meme coins as a whole.

Pepe Coin, once languishing in the shadows, has now emerged as a frontrunner in the meme coin space. Its market capitalization has soared to an impressive $1.1 billion, and analysts predict that it could potentially reach its all-time high market cap of $1.8 billion, necessitating a tenfold price appreciation from its current levels.

Pepe Coin: Speculation And Social Media Frenzy Fuel Resurgence

The crypto’s resurgence is not solely a result of market dynamics but is also driven by key factors within the meme coin ecosystem. Speculation and trading activity have played a significant role, fueled by the growing interest in Ethereum-based meme coins. Pepe Coin, with its distinctive frog-themed branding, has captured the imagination of investors and meme enthusiasts alike.

Social media platforms, particularly Twitter, have become a breeding ground for discussions surrounding Pepe Coin. The cryptocurrency has trended with over 53,000 posts dedicated to its vibrant community and its potential as a promising investment opportunity. The widespread traction on social media has further boosted Pepe Coin’s popularity and contributed to its surging value.

PEPE Whales, High-Volume Transactions Boost Profits

Notable events within the PEPE ecosystem have also contributed to its recent success. Six influential wallets executed trades, resulting in the offloading of nearly 2 trillion PEPE tokens. This high-volume transaction amounted to approximately $4.37 million in sales, generating substantial profits of around $2 million. Such significant market activity underscores the growing momentum surrounding the meme coin during this surge.

As Pepe Coin’s value continues to climb, it finds itself in the midst of a broader bullish sentiment in the cryptocurrency market. Bitcoin has reached an impressive price point of $57,000, while Ethereum trades above $3,200. This positive market sentiment provides a favorable backdrop for Pepe Coin and other digital assets, signaling a potentially lucrative period for investors.

Pepe Coin, a green-colored frog-themed meme coin, was launched in May 2023 and quickly gained popularity among cryptocurrency enthusiasts. With its total supply of 420.69 trillion PEPE tokens, all of which are already in circulation, Pepe Coin stands out as a unique and intriguing player in the meme coin market.

PEPE’s recent surge of over 140% and its ascent to a market cap of over $1 billion showcases the growing influence of meme coins in the cryptocurrency landscape.

Featured image Pexels, chart from TradingView

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PEPE Price Leaps 90% As Meme Coin Reaches Over 155,000 On-Chain Wallets

In the meme coin realm, the last week has ignited fresh momentum, and the buzz revolves around Pepe Coin (PEPE), which has witnessed a remarkable surge over the weekend. This rally has set traders’ minds racing, as they contemplate whether PEPE’s ascent could evolve into a formidable challenge to the supremacy of Shiba Inu (SHIB) and Dogecoin (DOGE).

At the time of writing, PEPE was trading at $0.00000120, up 3.3% in the last 24 hours, and registered an impressive weekly increase of 90%, data from crypto market tracker Coingecko shows.

PEPE Reaches 155K On-Chain Wallets

Just recently, Pepe had reached a market cap of $1.6 billion, sparking conversations about its potential to compete with the crypto market’s top meme coins. This rapid resurgence showcases its resilience and its enduring allure to traders and investors.

Pepecoin, drawing inspiration from the iconic Pepe the Frog meme, has carved a noteworthy niche in the meme coin arena. Its remarkable journey in early 2023, achieving a staggering $1.6 billion market cap and a rapid 100% weekly growth, hints at the potential for a price surge in Q4 2023.

As this developed, the frog-themed meme coin also made headlines when its reach extended to over 155,000 on-chain wallets, encompassing all tokens bridged to both Arbitrum and BSC, underlining its widespread adoption and engagement within the cryptocurrency community.

This impressive user base indicates a growing and vibrant ecosystem, poised to explore new horizons and opportunities in the digital asset space.

PEPE’s Robust Market Valuation

The sudden and robust gains in PEPE’s price have captured the attention of traders and investors, highlighting its potential as an attractive investment within the volatile cryptocurrency market.

Pepe (PEPE), a meme coin born during crypto winter, has witnessed an astonishing feat, doubling its price within a week to reach a $500 million market cap. This surge comes as traders anticipate the potential impact of a Bitcoin (BTC) spot ETF on the broader market.

As market charts showed a 1% gain in the global crypto market value, reaching $1.28 trillion as of October 26, the prices of cryptocurrencies saw a little boost. Positive momentum from the “Uptober” surge caused the cryptocurrency market to rise significantly in the last few sessions on a global scale.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from iStock/Linas Toleikis

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PEPE Roars Ahead: Dominates SHIB And DOGE With Record-Breaking 6.9T Burn

In the ongoing frenzy surrounding meme coins that have captivated the cryptocurrency market throughout 2023, PEPE has experienced a significant resurgence. 

After a prolonged decline from July 14 to October 3, the memecoin halted its downtrend and entered an accumulation phase. Subsequently, it embarked on a renewed bullish uptrend starting on October 20, outperforming Ethereum-based altcoin Shiba Inu (SHIB) and Elon Musk-backed Dogecoin (DOGE) by a significant margin. 

As a result of this uptrend, PEPE has reclaimed its position in the top 100 list of cryptocurrencies, currently ranking 96th.

Bitcoin’s Surge Beyond $35,000 Sparks Market Uptrend

This surge in value has been largely influenced by the market leader, Bitcoin (BTC), which surpassed the $35,000 mark on Tuesday. 

For many, the current uptrend is driven by anticipation of the approval of a spot Bitcoin exchange-traded fund (ETF), which could potentially bring a new wave of capital into the market.

Furthermore, Dogecoin is among the five popular meme coins influenced by Bitcoin’s rise to $35,000. Shiba Inu also experienced a 5.9% gain and is currently trading at $0.00000765, following a similar pattern to DOGE.

In a significant development, the dev team behind PEPE announced on X (formerly Twitter) that approximately 6.9 trillion $PEPE tokens, worth around $6,000,000, have been burned. 

Additionally, a new team of advisors has been brought on board to guide the future direction of Pepe. The original team is exploring using the remaining 3.79 trillion tokens, attributed to the Centralized Exchange (CEX) multi-sig wallet, for strategic partnerships and marketing opportunities. 

The PEPE community can expect regular updates on future token burns, movements, or uses through Twitter and the official telegram channel.

PEPE Price Skyrockets By 25.83% In 24 Hours

As of today, the price of Pepe (PEPE) stands at US$0.000000930549, with a 24-hour trading volume of $455,035,042.79. This represents a significant price increase of 25.83% in the last 24 hours and a 43.63% increase over the past 7 days. 

With a circulating supply of 420 billion PEPE, Pepe currently holds a market capitalization of $398,014,904.

PEPE

On the other hand, SHIB is currently priced at $0.00000739, with a 24-hour trading volume of $314,695,140.13. 

Over the past 24 hours, SHIB has experienced a price increase of 2.72% and a 6.04% increase over the past 7 days. With a circulating supply of 590 billion SHIB, Shiba Inu has a market capitalization of US$4,348,847,496.

Meanwhile, DOGE is trading at $0.065989, with a 24-hour trading volume of $1,064,277,555.26. Over the past 24 hours, DOGE has seen a price increase of 3.02% and an 11.02% increase over the past 7 days. 

With a circulating supply of 140 billion DOGE, Dogecoin holds a market capitalization of US$9,327,269,145.

The recent price movements and market activities of these meme coins reflect the renewed confidence and interest in the cryptocurrency market. Furthermore, these numbers solidify PEPE’s position as the standout performer in the market.

Featured image from Shutterstock, chart from TradingView.com 

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PEPE Whale Exits After Making Over 54,000x Gain And $1.73 Million In Profit

One of PEPE’s early adopters is officially out after making over $1.7 million in profit, translating to a 54,725x gain in less than six months. In a tweet shared by Lookonchain on August 26, the meme coin trader bought 1.69 trillion tokens, spending roughly $36, minutes after the project was launched in late April 2023. However, by the time the trader exited, less than six months later, selling off all his tokens, he had realized a decent gain, raking in 1,001 ETH, or roughly $1.7 million at spot rates.

PEPE Whale Exits

Trackers reveal that the trader first sold 0.69 trillion before fully exiting and liquidating 1 trillion PEPE on August 26, pocketing $885,000 or 537 ETH, pushing his total haul to 1,001 ETH. Considering the pseudonymous nature of Ethereum from where PEPE started trading through Uniswap v3, the trader’s identity cannot be ascertained.

PEPE is one of the more successful meme coin projects in 2023. The token’s meteoritic rise–and crash–over the past couple of months illustrates its volatility. For the project’s early success and popularity, because of traders buying in and aiming to ride the trend mainly because of fear of missing out (FOMO), PEPE ended up being listed on several cryptocurrency exchanges, with support by Binance being the highlight.

Less than a week after being listed on Binance, PEPE soared 800% in early May before gradually falling as sentiment turned negative and holders began exiting, taking profits. The token peaked at $0.0000044839 and have since crashed 81% to $0.0000008674 as of August 26. This price level is an important reaction point marking June 2023 lows and is a primary support level. If bears press on, PEPE may fall to retest $0.0000004984, the opening price when the token began trading when it was listed on Binance on May 1.

PEPE price on August 26| Source: PEPEUSDT on Binance, TradingView

Meme Coin Trending, Team Transfers Tokens

While PEPE is a top-trending token on CoinMarketCap, a tracker owned by Binance, at the time of writing August 26, the whale opted to exit via Uniswap v3. Uniswap is a decentralized exchange (DEX) for trading multiple tokens, primarily those on Ethereum. It is the second last iteration of the DEX and uses concentrated liquidity. PEPE is also available on Uniswap v2, but most trading is concentrated on Binance and KuCoin, two of the world’s leading centralized cryptocurrency exchanges.

On August 25, the team transferred 16.045 trillion tokens (worth $16.85 million) from their multisig address to four exchanges, including Binance, leaving out only 10.697 trillion PEPE. The transfer also coincided with the multisig parameter changes. Only two signatories will be required to effect a transfer, down from five out of eight.

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Pepecoin Eyes Rebound As It Finds Support In Strong Algorithm Data Score

Pepecoin (PEPE) has recently experienced a significant development as it hits a crucial bullish order block (OB), raising hopes for a potential recovery opportunity. However, the ability to reverse the prevailing downtrend momentum is contingent upon an essential factor that holds the key to the coin’s future trajectory. 

In a market characterized by uncertainty, investors and enthusiasts eagerly await the resolution of this pivotal element to determine whether Pepecoin can regain its lost momentum and chart a new course.

Evaluating Pepecoin Price Potential For A Reversal

Since May 24, Pepecoin (PEPE) has exhibited a positive response to the bullish OB. This encouraging price action implies a significant influx of buyers at this level, indicating that the bullish OB could serve as a crucial demand zone capable of triggering a potential price U-turn, especially if Bitcoin makes it past the key $28,000 region. 

Nevertheless, PEPE’s price movement currently faces constraints from both ends. On one side, there is the trendline resistance, while on the other side, the bullish OB acts as a limiting factor.

Should the bullish sentiment persist and bulls manage to overcome the resistance posed by the trendline, PEPE could endeavor to rally towards the 50% Fibonacci level, which stands at $0.00000160. 

PEPE currently finds itself in the grips of a challenging market environment, with its CoinGecko price at a meager $0.00000136. The past 24 hours have witnessed a slight slump of 6.5%, further exacerbating the coin’s struggles, while the seven-day period has seen a significant decline of 13.6%.

Understanding PEPE’s Volatility And Intrinsic Value

Pepecoin (PEPE) has consistently exhibited an incredibly volatile movement, a characteristic that is not entirely unexpected. As a cryptocurrency, PEPE falls within the broader category known for its highly volatile nature. However, PEPE’s status as a meme coin adds an additional layer of complexity to its price fluctuations, as it lacks intrinsic value.

In the early stages, PEPE experienced a continuous upward price movement, drawing attention and interest from investors seeking quick gains. However, experts in the field have long predicted that, eventually, PEPE’s price would spiral downwards. Regrettably, the current situation seems to align with these projections.

Impressive DEXT Score For Pepecoin

Meanwhile, Pepecoin enjoys an impressive DEXT Score of 99/99 and high liquidity, which is a positive sign for the meme coin.

DEXTools’ DEXT Score is an algorithm that takes into account data from the blockchain as well as other sources to determine the reliability of a given project. The higher the score, the better for the crypto.

Social data, pair liquidity, transaction volume, token circulation, and contract creation are just some of the metrics that make up the DEXT Score.

Meme coins, like PEPE, often rely heavily on social media trends, community enthusiasm, and speculative trading. Without a solid foundation of intrinsic value or underlying assets, their prices are particularly vulnerable to sudden shifts in sentiment and market dynamics. 

As a result, investors must approach meme coins like PEPE with caution and a thorough understanding of the inherent risks involved.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk)

-Featured image from Earth.com

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PEPE Outperforms Bitcoin In Social Media Buzz, Triggers Bullish Run For Frog Coin

Pepecoin (PEPE) has recently gained significant attention on social media platforms, outperforming Bitcoin in terms of buzz and hype.

As the cryptocurrency market continues to evolve rapidly, the power of social media in driving prices and market sentiment cannot be underestimated. 

With Pepecoin generating a surge of interest and excitement among investors and traders, the question now arises: could this trigger a renewed bullish run for PEPE?

Pepecoin, named after the popular Pepe the Frog meme, has emerged as a promising new player in the cryptocurrency space. Its community-driven approach and unique branding have attracted a loyal following, which has helped it gain traction on social media platforms like Twitter and Reddit. 

Pepecoin (PEPE) Emerges As A Social Media Darling

Pepecoin (PEPE) has taken the cryptocurrency world by storm, surpassing Bitcoin and other popular digital assets in terms of social media buzz. This newfound attention has triggered a surge in discussions and mentions of PEPE on various social media platforms, as tweeted by LunarCrush, a leading social analytics platform. 

The platform’s data reveals that PEPE has emerged as the frontrunner in social engagement activity, outperforming even Bitcoin and Shiba Inu (SHIB) in this metric. While Bitcoin claimed the second spot, Shiba Inu lagged behind in seventh place.

With millions of users actively discussing and sharing information about digital assets, social media platforms have become breeding grounds for hype and speculation. 

LunarCrush’s data indicates that PEPE has managed to capture the attention and enthusiasm of crypto enthusiasts, generating a significant level of social engagement. This surge in online activity suggests that investors and traders are closely monitoring PEPE and may be considering it as a potential investment opportunity.

PEPE Price Struggles To Move Up Despite High Social Engagement Activity

Despite the high levels of social engagement and buzz surrounding Pepecoin, the cryptocurrency has seen a dip in its price over the past few days. CoinGecko reports that as of this writing, PEPE’s price stands at $0.00000175, which marks an 8.7% decrease in the past 24 hours. 

Moreover, over the past week, the cryptocurrency has seen a significant decline of 29.0%, highlighting a bearish trend that may have shaken the confidence of some investors.

The decline in PEPE’s price is particularly noteworthy given the recent surge in social media activity surrounding the coin. While it is too early to say what the future holds for Pepecoin, the current bearish trend may signal a correction after the initial hype surrounding the coin. 

-Featured image from Today’s Parent

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PEPE Attempts Market Rebound, Surges By 28% In 24 Hours

Popular memecoin PEPE is currently soaring as it attempts to pull off a market recovery. In a week marred by losses of varying sizes, the hottest coin of the meme season was not exempted, losing 46.1% of its market value within this period.

The past week was quite bearish for the entire market as the total crypto market cap dropped by $64 billion to a current value of $1.170 trillion. Bitcoin, the market leader, did share most of the headlines with PEPE, as its market price crashed by almost 9% to trade below $27,000 for the first time since March. 

Although the CPI announcement on Wednesday did provide some boost to the premier cryptocurrency, it could not match the momentum of the market bears as Bitcoin currently trades around $26,815. However, PEPE, on the other hand, seems to have found support and has re-embarked on its bullish course. 

PEPE Notches 28% Gain, Emerges Biggest Daily Gainer

According to data from Coingecko, PEPE has surged by 28% in the last 24 hours, emerging as the biggest market gainer within this period. Having been on a steady decline all week, this recent price rise has provided some relief for PEPE investors who thought the meme token was well on its way down.

Although there is no guarantee that PEPE could be on its way to pulling off another stunning market performance, its resilience may just set it apart from most short-lived meme coins joining the likes of the prominent Dogecoin (DOGE) and Shiba Inu (SHIB) tokens.

In general, PEPE remains the best-performing token of the moment, gaining by over 405% in the last 14 days and over 2,331% since its launch on April 17. In this period, the meme token has also made much progress in the industry with listings on over 30 exchanges, including Binance, Huobi, OKX, KuCoin etc. 

At the time of writing, PEPE is trading around $0.0000158, with a 2% increase in the last hour. The token’s daily trading volume is also up by 151.92%, valued at $934.45 million. However, PEPE remains 62% away from its all-time value of 0.00000431, which was attained just seven days ago. 

PEPE

Meme Tokens Criticism Continues

Amidst the massive traction associated with the meme season, criticisms of these meme-inspired cryptocurrencies have not dwindled. In one of the latest hits, popular crypto analyst Benjamin Cowen, with over 700,000 Twitter followers, tweeted that meme coins existed solely to “make the founders rich”.

He further referred to the “strong community” narrative as “garbage”, stating that most meme coins were launched by the same people, “just pumping and dumping until it no longer is profitable”.

While they may be quite capable of generating stupendous profits, meme coins seem set to suffer continuous criticism over their lack of utility. These tokens are based on internet memes, driven only by the user community and celebrity engagements. 

Therefore, most meme coins are short-lived, “predestined” to rise, crash and burn, albeit with very few exceptions. 

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PEPE Token Futures Cast Gloom For Investors As Prices Plummet By 45%

Pepecoin (PEPE) tokens were issued in mid-April and quickly gained popularity among investors, reaching a market capitalization of $1.8 billion in just over three weeks. However, the meme coin’s journey took a downward turn as the token dropped nearly 45% from their peak on Friday, causing a ripple of concern among investors.

Some speculate that the sudden price drop was due to traders taking profits on their positions, while others point to the introduction of Pepe-tracked futures as a possible cause. 

Either way, the Pepe token’s once-promising journey has hit a snag, leaving investors wondering whether this amphibian-inspired cryptocurrency can regain its footing and hop back into the limelight.

PEPE Token’s Value Down After Short-Lived Rally

As of writing, the PEPEUSD token’s price on CoinGecko stands at a mere $0.00000233, having fallen 10.6% in the past 24 hours. This comes as a disappointment to investors who had witnessed a remarkable seven-day rally, during which the token’s value had surged by a staggering 221.0%.

The sudden downturn in the PEPEUSD’s value is a reminder of the volatility that characterizes the world of cryptocurrency. Despite the promising rally of the past week, the token’s current price suggests that caution is still warranted for those considering investing in this meme-inspired digital currency.

Following an unprecedented surge in value that saw PEPEUSD rise by almost 5,000,000% in just a few weeks, holders of the altcoin may be capitalizing on their gains by selling off their positions. This is reflected in the significant decline in the token’s value, which previously reached a peak of $0.00000431.

Pepecoin had quickly taken the crypto market by storm, and in just over three weeks since its issuance in mid-April, it had achieved a market capitalization of $1.8 billion. However, the sudden drop in value indicates that the token’s meteoric rise may have been too good to last, and investors may be re-evaluating their positions accordingly.

PEPEUSD Profits Converted To Ether As Deposits Hit New High

Following the massive surge in Pepecoin’s value, investors are reportedly taking profits by converting their holdings into Ether (ETH), which recently hit an all-time high in deposits to exchanges since November 2021 when it reached a high of $4,500. 

On Monday, Santiment, an on-chain analytics firm, suggested in a tweet that the rising number of Ether deposits could be a result of traders cashing out their Pepe positions.

The Pepecoin rally has seen some investors turn small investments into significant profits within just a few days after the coin’s issuance.

However, with the recent drop in the token’s value and the high volatility of cryptocurrency in general, investors should proceed with caution and conduct thorough research before investing in any digital currency. 

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk)

-Featured image from Alabama Cooperative Extension System