PEPE Coin Faces Notable Price Swings
Release: 2024/08/04 01:09 Reading: 892
PEPE Coin Experiences Significant Price Fluctuations
In contrast to the market's stagnation in June, PEPE Coin, a relatively obscure meme coin, exhibited a surge in value. However, unlike its prominent counterparts, DOGE and SHIB, PEPE Coin's rise was followed by a sharp decline, resulting in a nearly 50% loss and leaving investors uncertain about its future.
Current Market Position
PEPE Coin has recently displayed notable price volatility. In the past three days, it lost its support at $0.000009 due to a 20% drop, departing from its previous period of consolidation. Investors had anticipated a recovery, but the situation has worsened.
Currently, PEPE's price has fallen below the pivotal support level of $0.000009022. Closure below this threshold could lead to further losses. Coinglass charts indicate periods of significant inflows and outflows coinciding with the recent price decline, suggesting an increase in selling pressure potentially driven by pessimistic investors.
Profitability and Investment Insights
According to IntoTheBlock data, 72.85% of PEPE addresses remain in profit, primarily due to earlier purchases made below the current price. However, 23.37% of investors are currently experiencing losses, which could exacerbate selling pressure and lead to further declines for PEPE.
Investment Strategies
- Monitor Support Level: Closely observe the $0.000009022 support level for potential further declines.
- Track Inflows and Outflows: Utilize Coinglass data to anticipate market movements based on the flow of funds.
- Consider BTC Trends: PEPE Coin's value is significantly influenced by broader market declines, particularly in Bitcoin.
- Profitability Pressure: Be aware of the high percentage of profitable addresses, which could potentially add to selling pressure.
The decline in PEPE aligns with market trends, and a deeper drop in Bitcoin could negatively impact its value.
Recent news
More>- Homosexual Pepe Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- BTFD Presale Captivates Investors in the Best New Meme Coin Presales for Significant Returns as PEPE and SPX6900 Dominate the Scene Fuel the... 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- The Metrics Pointing to Massive Potential for WIF, JASMY, and PEPE in 2025 01-01
- BTFD Coin’s Presale is Unmissable Amid Pepe and Moo Deng’s Crypto Hype: Best Meme Coin Presales to Join This Week 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Ahead of Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- Crypto Gems for the Next Quarter: Top 5 Tokens to Watch 01-01
- Why $PEPE Jumped 20% Today And Which Coin Could Be Next 01-01
- Best New Meme Coins to Join for Short Term: BTFD Raises $4.7M in Presale as BONK Boasts Low-Cost Transactions and PEPE Enjoys Steady Followi... 01-01
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Missed Pepe Unchained? Don’t Worry, This New Pepe-Themed Meme Coin Will Produce Bigger Gains in 2025
- 8 Top 4 Altcoins At 70% Discounts – Last Chance!
- 9 Smart $Pepe trader makes $11.7M profit during Market Drop
- 10 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com