PEPE Price Surges 35% Despite Crypto Market Slump: Here’s Why
Posted: Tue Jul 02, 2024 2:09 am
PEPE Price Surges 35% Despite Crypto Market Slump: Here’s Why
Read more here:
https://www.fxempire.com/forecasts/arti ... hy-1441958
PEPE Price Analysis:
Ethereum’s second-largest meme coin, Pepe managed to stay afloat during the recent market downswing this week. PEPE price rebounded to a 12-day peak of $0.000014 on June 26, having entered a blistering 35.8% upswing from the weekly timeframe lows recorded on June 24.
On-chain analysis shows resilient long-term investor pining for more gains have been pivotal to PEPE rapid recovery amid the crypto market wobble.
Experts trade the markets with OANDA US
OANDA corporation is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets.
PEPE Price Climbs 35% Despite Market Volatility
A negative start to a third consecutive week has seen the global crypto market capitalization shrink by over $126 billion between June 22 and June 25, before rebounding toward the $2.4 trillion mark on June 27. Bitcoin (BTC) led the mega-cap losers with a 19% decline from its monthly peak, which saw it fall below the $60,000 mark for the first time in over 50 days.
Curiously, PEPE, the second-largest meme coin project hosted on the Ethereum network, has decoupled from the negative trends in broader crypto markets, charting a double-digit bullish path.
The chart above depicts how the PEPE price has surged 36% from the 7-day low of $0.000010 recorded on June 24, to a daily time-frame peak of $0.000014 on Wednesday, June 26. This double-digit growth has seen the frog-themed meme coin emerge as the standout performer among the top-25 ranked crypto assets this week.
Notably, in confirmation of this stance, TradingView’s TOTAL CRYPTO CAP metric, which tracks real-time changes in the aggregate market capitalization of all listed cryptocurrencies, shows how PEPE’s price action has outperformed the broader market trend.
While PEPE price jumped by nearly 36%, the aggregate crypto market valuation has increased by less than 7%.
Read more here:
https://www.fxempire.com/forecasts/arti ... hy-1441958
PEPE Price Analysis:
Ethereum’s second-largest meme coin, Pepe managed to stay afloat during the recent market downswing this week. PEPE price rebounded to a 12-day peak of $0.000014 on June 26, having entered a blistering 35.8% upswing from the weekly timeframe lows recorded on June 24.
On-chain analysis shows resilient long-term investor pining for more gains have been pivotal to PEPE rapid recovery amid the crypto market wobble.
Experts trade the markets with OANDA US
OANDA corporation is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets.
PEPE Price Climbs 35% Despite Market Volatility
A negative start to a third consecutive week has seen the global crypto market capitalization shrink by over $126 billion between June 22 and June 25, before rebounding toward the $2.4 trillion mark on June 27. Bitcoin (BTC) led the mega-cap losers with a 19% decline from its monthly peak, which saw it fall below the $60,000 mark for the first time in over 50 days.
Curiously, PEPE, the second-largest meme coin project hosted on the Ethereum network, has decoupled from the negative trends in broader crypto markets, charting a double-digit bullish path.
The chart above depicts how the PEPE price has surged 36% from the 7-day low of $0.000010 recorded on June 24, to a daily time-frame peak of $0.000014 on Wednesday, June 26. This double-digit growth has seen the frog-themed meme coin emerge as the standout performer among the top-25 ranked crypto assets this week.
Notably, in confirmation of this stance, TradingView’s TOTAL CRYPTO CAP metric, which tracks real-time changes in the aggregate market capitalization of all listed cryptocurrencies, shows how PEPE’s price action has outperformed the broader market trend.
While PEPE price jumped by nearly 36%, the aggregate crypto market valuation has increased by less than 7%.