Pepe (PEPE) Soars 23% as Meme Coins Rally in Wake of Bitcoin ETF
Release: 2024/01/11 19:34 Reading: 514
Pepe (PEPE), a meme coin inspired by the popular internet frog, has soared 23% in the last 24 hours. The rise is part of a broader rally of meme coins, which have been surging in the wake of the approval of the first Bitcoin exchange-traded fund (ETF) in the U.S.
The U.S. Securities and Exchange Commission (SEC) on Wednesday approved exchange-traded funds (ETFs) that track the price of Bitcoin, which is a game-changer for the cryptocurrency industry, which has been trying to launch such a product for more than a decade.
The SEC approved applications from ARK Investments, BlackRock and Fidelity, among others, on Wednesday.
The launch of the Bitcoin ETF has boosted the sentiment and confidence of the entire crypto market since it signals a watershed moment for the mainstream adoption and recognition of Bitcoin and other digital assets.
Bitcoin surpassed $47,000 briefly after the news of the approval emerged, while the overall market capitalization of all cryptocurrencies surged by nearly 5% in the last 24 hours.
PEPE price action
Pepe charged higher in today's trading session, continuing a broader jump that began on Jan. 8 after support was met at $0.000001.
$PEPE appears to be breaking out from a descending parallel channel, which suggests #PEPE could advance toward $0.0000016 or even $0.0000019! pic.twitter.com/Emnz0W4BvR
— Ali (@ali_charts) January 11, 2024
At the time of writing, PEPE had relinquished some of its intraday gains but was still up 15% in the last 24 hours to $0.000001442. PEPE has gained 17% in the last 24 hours. If the market closes in the green today, PEPE will have gained for the fourth day in a row.
During the ascent, PEPE recovered above the daily MA 50 level at $0.00000131, indicating the possibility of an upside move if sustained.
Crypto analyst Ali spots a trend pattern for PEPE that could lead to additional rises. Ali noted that PEPE appears to be breaking out from a descending parallel channel, which suggests PEPE could advance toward $0.0000016 or even $0.0000019.
Recent news
More>- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin (DOGE) Surges 19% as Hash Rate Hits Record High 11-24
- Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 11-24
- Dogecoin (DOGE) Bullish Streak is Awakening Shiba Inu (SHIB) Bulls: What’s Next? 11-24
- Top Meme Coins for December 2024: 5 Picks to Buy Before They Take Off! 11-23
- XRP Price Prediction: XRP Pumps 67% In A Week As Gary Gensler Plans SEC Exit, While Whales Swoop On Pepe Unchained Presale 11-23
- What’s Next for Crypto After Bitcoin Take $100k Price Level? Catzilla Coin Among 3 Altcoins Poised for Big Moves 11-23
- Dogecoin (DOGE) Bulls Predict a Second Wave to Break $2, But One 'DOGE Killer' Could Steal the Spotlight with a 34x Run 11-23
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 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
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