According to data from CoinMarketCap, Pepe has a maximum supply of roughly 420 trillion tokens, with all tokens already in circulation.
Pepe is in the meme coin spotlight again. Binance.US and Coinbase, two of the major cryptocurrency exchanges, have added Pepe Coin to their trading platforms. Whales have been consuming enormous amounts of the token, generating ripples. Could this momentum take the meme coin to a new all-time high? Let’s investigate. Related Reading: Market Expert: Not Long On XRP? You’re ‘Disrespecting’ Yourself Exchange Listings Generate Excitement Binance.US announced on December 5 that it would allow trading of Pepe Coin against Tether (USDT). It was not long before Coinbase followed suit, adding the token to its growing memecoin list. These listings are important because they make PEPE accessible to millions of investors. Accessibility often leads to an increase in trading volume, and this seems to be the case here. The effects are already apparent. The price of Pepe Coin has risen by 165% in the past month; currently, its market capitalization is at $9.15 billion. These milestones are undeniable indications that the coin is not just another transient meme but is garnering significant attention within the crypto community. Whales Place Significant Bets On Pepe The excitement is not only in the listings. By statistics, whales have bought 337 million tokens, valued at some $7 million. Such behavior usually reflects confidence in the possibility for a token to climb. Whales continue to accumulate $PEPE! A whale has withdrawn 337.09B $PEPE($6.92M) from #Binance in the past 20 days.https://t.co/65vbIQd2dd pic.twitter.com/79NauAQt8V — Lookonchain (@lookonchain) December 4, 2024 Currently trading at $0.0000217, PEPE is getting closer to its all-time high of $0.00002457. Technical indicators support this optimism: the MACD (Moving Average Convergence Divergence) shows continuous bullishness while the Relative Strength Index (RSI) is now at 62.45, indicating strong buying momentum. These signals taken with the presence of whales suggest short-term hope for the cryptocurrency. Investor interest now turns towards the strong level of resistance at $0.000028105. Should the coin breach past that point, it will probably try for the next line of resistance, at $0.000036003. Related Reading: No Sweat! Dogecoin Will Hit $5 ‘Very Easy’ In 2025 – Analyst Is A New PEPE ATH On The Way? With all the excitement going on right now, a lot of people are interested in how the Pepe Coin could hit new heights. Its appeal has definitely grown since it was listed on several exchanges recently, and the backing of whales makes things even better. The narrative that the crypto asset could reach a new ATH is strengthened by the active participation of the community. However, it is not completely issue-free. Like other meme coins, Pepe is vulnerable to market volatility and speculative trading. Although the trends now seem promising, the investors need to be very careful as they navigate through this fast-changing market. The next few days will be critical as Pepe Coin approaches its ATH. It is certain that this diminutive frog-themed crypto will not be hopping out of the spotlight anytime soon, regardless of whether it bursts through resistance or consolidates further. Featured image from DALL-E, chart from TradingView
This week’s Crypto Biz explores Ether ETFs growing inflows, the political moves behind Meta’s stablecoin sunset, BitGo’s plans for India, and more.
US crypto exchanges like Binance.US and Coinbase are making big moves into memecoins.
The rivalry between meme coins is taking center stage once again. Max, a crypto analyst on X (formerly Twitter), has predicted a substantial price increase for Dogecoin (DOGE) and Pepe (PEPE) in the current bull cycle. The analyst has identified which popular meme coins are set to dominate the market and those worth holding for […]
A prominent player has dominated the limelight in the crypto circle by buying more than 105 billion PEPE tokens at a cost of $2 million. The token has fluctuated wildly over the course of the last several months and this particular exchange on November 20, has caused significant interest due to its enormity and the prevailing market tendencies. Related Reading: Upbit Listing Sends BONK Skyrocketing 67% For A Fresh ATH In Memecoin Mania Investor Confidence In The Face Of Volatility A bold move from an anonymous investor comes at a time when the meme coin is seeing some volatility. PEPE has been down, trading at about $0.00002027 as of November 19 after hitting an all-time high of about $0.00002457 earlier this month. Based on data from Lookonchain, the unknown investor shelled out $2 million worth of USDC to purchase 105,328,301,633 (approximately 105.33 billion) PEPE in a single transaction. Someone spent 2M $USDC to buy 105.33B $PEPE in a single transaction! Address: 0xd71c6b3760cfd22e50e5514d163986552a96930b pic.twitter.com/kDKmgptPEc — Lookonchain (@lookonchain) November 21, 2024 The investor thought it would be smart to buy more of the joke cryptocurrency at a lower price, even though the price was going down. Some investors might agree with the choice. This includes “whales,” who have been buying PEPE during market swings. PEPE: Market Trends And Performance Since its April 2023 launch, PEPE has undergone significant transformation. Starting extremely modest at $0.00000001, its market value skyrocketed in a few weeks to over $1 billion. This coin got rather more well-known as prominent exchanges like Robinhood and Coinbase started trading it. Still, PEPE is vulnerable to market patterns swayed by more general economic events and social media, just as many cryptocurrencies are. Among the meme coins that have lately gone somewhat popular are PEPE, Dogecoin, and Shiba Inu. Actually, PEPE saw an amazing increase of more than 106% just in mid-November. Prospects And Obstacles Although the recent acquisition indicates robust investor interest, PEPE and comparable meme currencies are confronted with numerous obstacles. Market volatility continues to be a significant concern, as prices can fluctuate significantly in response to regulatory news or social media trends. Related Reading: Poland Could Lead With Bitcoin Reserve, Presidential Hopeful Says PEPE’s standing in the market could potentially be impacted by rival coins. To maintain its drive, PEPE needs to draw in fresh investors while also showing practical usefulness that goes beyond its status as a joke. For those investors pondering an initiation or increase of their stakes in meme currencies like PEPE, keeping abreast with the shifting rhythm and patterns of the cryptocurrency ecosystem is of utmost importance, given its constant advancement. The most recent large-scale transaction is indicative of the risks and opportunities that are inherent in this rapidly evolving market. Investors are closely monitoring the outcome of this audacious maneuver to determine whether it will prove advantageous or whether the volatile nature of cryptocurrencies will generate additional uncertainty in the near future. Featured image from DALL-E, chart from TradingView
Max Schwartzman, the CEO of Because Bitcoin, has provided a bullish outlook for PEPE. He stated that the meme coin is mirroring the Dogecoin price action in the 2021 bull run and explained exactly how this is happening. How PEPE Is Mirroring The Dogecoin Price In an X post, Max asserted that PEPE is the […]
In his latest YouTube video titled “Turn $1,000 into $100,000 With Meme Coins in 45 Days! [I’m Buying These Memes Now],” Miles Deutscher provides an analysis of the current memecoin landscape where he lists specific coins that he believes are poised for substantial growth. Deutscher contextualized the current market environment, stating, “altcoins are now breaking out of a key resistance level on the weekly, absolutely flying specifically the meme coins.” He attributes this surge to the memecoin supercycle, driven by increased retail participation and strategic exchange listings. “The altcoins that people are bidding in light of this breakout are the memecoins, specifically the ones that are getting exchange listings,” he explains. List Of Deutscher’s Top Memecoins To Buy Now Among the top memecoins Deutscher highlights, Pepe (PEPE) is a standout performer. “Pepe is my first 100x through memecoins,” Deutscher exclaims. He advises a proactive trading approach, utilizing technical indicators to navigate its price movements. “Pepe continues to show strong bullish signals, making it a prime candidate for long-term holds and active trading,” he asserts. Related Reading: Uncertainty Looms For Crypto As SEC And CFTC Leadership Transitions Unfold Under Trump Dogwifhat (WIF) is another memecoin that Deutscher identifies as having significant upside potential. “WIF is performing exceptionally well right now,” he notes, pointing to its strong market performance. Deutscher recommends monitoring breakout patterns and technical signals akin to those observed with Pepe, suggesting that WIF is well-positioned to capitalize on the ongoing market momentum. “Watch for breakout patterns and technical signals similar to Pepe,” he states. Foxy (FOXY) also garners attention for its remarkable performance, currently up approximately 110% in the last 13 days. “Foxy has started flying the spell call from yesterday,” Deutscher states. He recommends a strategic approach of taking partial profits while maintaining the majority of the position to maximize returns. “Targeting higher range highs with potential for yearly high retests,” he explains. Spell (SPELL) is another memecoin that Deutscher praises, having increased by 41% since his entry and 67% in the last 12 days. He attributes its success to “unit bias and low market cap psychology,” emphasizing the psychological factors that drive retail investment in lower-priced tokens. “Spell is the lowest market cap meme on Coinbase, and unit bias is a real thing with retail,” he observes. Deutscher targets a multi-billion market caps for Spell, advocating for holding positions to fully capitalize on its growth potential. Related Reading: New Era For Crypto Regulation? SEC Chair Gensler Suggests He May Step Down Bonk (BONK) and Floki (FLOKI) are recognized by Deutscher for their consistent performance within the memecoin sector. “Bonk continues to be a strong performer,” Deutscher remarks, while FLOKI’s substantial gains of approximately 85% are noted as being driven by overall market momentum. “FLOKI benefits from the flywheel effect and overall market momentum,” he explains. Peanut the Squirrel (PEANUT) is highlighted for its explosive growth, having surged by an impressive 1,800% within the last nine days. Deutscher attributes its rapid rise to heightened retail investment and speculative trading. He underscores Peanut’s potential for continued growth, driven by its strong momentum and increasing market interest. “Peanut exemplifies the explosive potential within the memecoin arena,” he states. Goat (GOAT), the leading AI memecoin, has seen a fivefold increase over the past month and has crossed the $1 billion market cap with the latest surge. However, GOAT is far from done. “Goat is targeting multi-billions,” Deutscher asserts, indicating his confidence in its scalability and long-term viability. In addition to these primary memecoins, Deutscher also mentions SPX6900 (SPX) and Giga (GIGA) as newer additions to his portfolio, both showing positive returns. “SPX is considered a relative strength leader with potential for significant upside,” he elaborates, while Giga’s performance is tied to technical setups and anticipated exchange listings, making it a strong contender in the memecoin sector. “Giga remains a strong contender based on its technical setups and upcoming exchange listings,” Deutscher notes. Deutscher also touches on several other memecoins, including Popcat, MOG, Miggles, Flaky, Pups, Simon’s Cat, Toshi, Billy, and Paradise, each noted for their varying performances and niche market potentials. He observes, “animal coins have been super hot,” particularly cat-themed memecoins like Popcat and MOG, which he believes are ripe for rotation plays within their specific sub-sectors. In general, Deutscher emphasizes the current significance of exchange listings and weekend trading dynamics. “Weekend pumps have become a lot more probable across the board now that retail is back,” he explains, noting that retail investors are more active during weekends, driving substantial market movements. He also advocates for monitoring intra-rotations within memecoin sub-sectors, such as cat-themed coins, to capitalize on emerging trends and early investments. At press time, PEPE traded at $0.00002080. Featured image from iStock, chart from TradingView.com
Solana-based Memecoin Dogwifhat (WIF) is among the tokens leading the crypto market. The cryptocurrency surged over 40% in the last 24 hours, breaking above the $4 resistance zone following its Coinbase listing. As a result, some market watchers forecasted a massive WIF rally before year-end. Related Reading: Market ‘Pricing In A Higher Fair Value’ For Bitcoin As Price Discovery Continues Dogwifhat Rallies 40% Amid Coinbase Listing Dogwifhat has been one of the best-performing memecoins of this cycle, seeing a 2000% surge to its $4.83 all-time high (ATH) in March. The token led the Solana meme frenzy during Q1 but faced a significant 66% price drop in the following months while the market retraced. As the crypto market regained momentum, the token broke above the crucial $2 resistance zone, reclaiming this level as Q3 closed. Since Trump’s victory in the US presidential elections, WIF has joined the market’s broader rally, breaking out of an 8-month downtrend. WIF’s reclaim of the $3 mark earlier this week fueled investors’ bullish sentiment as the token reached levels not seen since June. Moreover, the cryptocurrency experienced a massive 40% rally in the last 24 hours after being listed on a major crypto exchange. On Wednesday, Coinbase announced the listing of Dogwifhat alongside frog-themed memecoin PEPE. The news propelled a massive rally for the dog-themed token, sending its price from the $2.93 weekly low to the $4.00 resistance level. On Thursday morning, the memecoin rallied toward the $4.30 mark, seeing its highest price since early April. Since the listing news, WIF has tried to turn the $4 resistance into support, briefly losing the level as Bitcoin (BTC) retraced to $87,000. Despite the momentary retrace, Dogwifhat remained among the best-performing cryptocurrencies among the top 100 list, seeing a 9.9% increase in the last 24 hours, while the broader market bleed 2.2%. WIF To $5 By Christmas Day? Following its massive performance, some market watchers forecasted a $5 target for the cryptocurrency. Trader Koala suggested that WIF would see a deviation from its 24-hour $3.90-$4.30 range. After the deviation, the analyst stated that the memecoin could see a bounce from the range’s lows toward the range highs before moving toward the $5 zone. The token has momentarily recovered from the drop below $4, trading at the range’s lower levels, just 16.4% below its ATH. Meanwhile, another market watcher suggested that Dogwifhat could see a rally like Shiba Inu’s (SHIB) 2021 run. X user Sito noted that SHIB rallied 1800% after being listed in Coinbase, reaching its ATH of $0.00008616 42 days later. Related Reading: Dogecoin Frenzy Arrives In Korea: ‘Kimchi Premium’ Returns Amid DOGE’s 110% Rally Per the post, WIF could see its surge above the $50 mark if it performs similarly to SHIB’s price action post-Coinbase listing. Sito pointed out that this would lead to WIF’s price trading at $52 by Christmas day. Moreover, he detailed that SHIB’s listing occurred towards the end of the previous bullish cycle, arguing that dogwifhat’s listing could be “even more bullish as it would allow for more organic growth.” As of this writing, WIF is trading at $4.05, a 71.6% surge in the last seven days. Featured Image from Unsplash.com, Chart from TradingView.com
PEPE hits new highs following several major exchange listings.
The surge in Pepe’s value comes after two major U.S.-based exchanges—Robinhood and Coinbase—announced their listings.
Max, the founder and Chief Executive Officer (CEO) of Because BTC, a crypto-focused company, has just disclosed that he has sold off his Dogecoin (DOGE) holdings to buy Pepe tokens. This surprising news comes amid a significant decline in the Dogecoin price, which has fallen 9.8% from its previous high. Crypto Founder Dumps DOGE For […]
PEPE rally has come to an abrupt halt, as the price faces rejection at resistance and begins its descent toward the key support level of $0.00001152. After a strong upward push, the token has encountered significant selling pressure, raising concerns about the sustainability of its bullish strength. Now, all eyes are on the $0.00001152 mark to determine if it can support a rebound or if this is the beginning of a deeper pullback. This article aims to navigate PEPE‘s recent price action as it encounters resistance, causing the rally to stall and the price to fall toward the crucial support level of $0.00001152. Through technical analysis, this piece assesses whether $0.00001152 will serve as a reliable support zone for a potential recovery or if the bearish pressure will push PEPE further downward. Resistance Strikes: What Halted Momentum Of PEPE? Recently, PEPE’s price has turned bearish on the 4-hour chart, pulling back towards the $0.00001152 mark and the 100-day Simple Moving Average (SMA) after facing significant resistance at $0.00001313. This retracement signals growing bearish pressure, which could trigger a deeper correction for the cryptocurrency. The 4-hour Relative Strength Index (RSI) shows a decline from 77% to 60%, indicating a weakening of upbeat momentum. As the RSI moves closer to neutral, buying pressure has subsided, and the market’s confidence in the uptrend is fading. Specifically, this shift suggests that PEPE may be entering a correction phase, with the potential for further downward movement if the trend continues. Related Reading: PEPE Midterm Price Prediction: Is A 326% Rally To $0.00003474 Possible From Here? Although PEPE is trading above the 100-day SMA, the daily chart shows increasing negative sentiment with bearish candlesticks and a decline toward $0.00001152, reflecting rising selling pressure as the meme coin struggles to hold higher levels. If bulls don’t defend the current support, additional declines are possible, making the 100-day SMA critical to watch for a reversal or continued correctional movement. Finally, on the 1-day chart, the RSI is declining from its peak of 69%, indicating a potential shift in momentum. As the RSI nears the overbought threshold of 70%, this shows that buying pressure is easing, and the recent uptrend may be losing strength. The drop could signal a pullback or consolidation, with PEPE possibly entering a correction phase before attempting to regain upside pressure. Can The $0.00001152 Level Hold As Support? The market is testing its strength as PEPE’s price approaches the key support level of $0.00001152. This level has become crucial in determining whether the current bearish momentum will continue or if the price can stabilize. Should $0.00001152 hold, it may provide a foundation for a possible rebound, allowing bulls to regain control and resume the upside trend. Related Reading: Pepe Battles Price Decline, But Analysts Signal A Potential Rally Ahead However, a breakdown below this level could signal additional declines, which could push the price toward the $0.00000766 support range and other lower levels. Featured image from Shutterstock, chart from Tradingview.com
After a strong upward momentum, PEPE is showing signs of fatigue, slipping into a correctional phase, with traders speculating on what might come next. As the token retraces from recent highs, attention now turns to pivotal support levels that could dictate its recovery potential. Will these key levels hold the line and fuel a bounce-back, or is PEPE in for a longer dip? This article will provide an in-depth look at PEPE’s current price movement within its correctional phase. By highlighting significant support and resistance levels, this piece seeks to equip investors and traders with valuable insights into possible rebound zones and the factors that could influence its recovery or further declines. Understanding PEPE’s Correction: What Triggered The Pullback? PEPE has recently taken a bearish shift on the 4-hour chart, encountering strong resistance at $0.00001152. This struggle to sustain the uptrend has triggered a decline, pushing the asset toward the 100-day Simple Moving Average (SMA). A drop below this SMA could amplify selling pressure, while a rebound might signal a potential price reversal. An analysis of the 4-hour Relative Strength Index (RSI) suggests that bullish strength may be waning. Currently, the RSI has fallen to around 68% from the overbought zone, indicating that the buying pressure is diminishing. If the RSI continues to drop, it may indicate that the market is becoming more oversold, possibly paving the way for a deeper correction. Related Reading: Analyst Says PEPE Bearish Continuation Is Possible For A 50% Price Crash On the daily chart, PEPE is exhibiting significant negative movement, as reflected by a bearish candlestick. This ongoing downward trend highlights a prevailing selling pressure within the market. Although the meme coin is currently trading above the 100-day SMA, which is typically seen as a bullish indicator, the strength of the bearish candlestick suggests that upward momentum may be limited. Finally, on the 1-day chart, the RSI signal line is approaching the critical 50% level after rising above it. The 50% mark represents a neutral zone, suggesting a balance between buying and selling pressure. A dip below 50% could signal a shift towards bearish sentiment, while holding above or climbing back above 50% may imply continued bullish strength, possibly leading to more price gains. Where PEPE Could Find Stability Key support levels are crucial price points where PEPE could find stability and reverse its current downtrend. One of the primary support levels to watch is the $0.000000766, which has historically acted as a crucial level of support. If PEPE’s price approaches this level, it could trigger renewed buying interest, potentially leading to a rebound. Related Reading: PEPE Midterm Price Prediction: Is A 326% Rally To $0.00003474 Possible From Here? However, should the meme coin break this level, it could lead to a prolonged decline, possibly pushing the price toward $0.00000589 and beyond. Featured image from Shutterstock, chart from Tradingview.com
A crypto analyst has just unveiled a midterm Pepe price prediction, forecasting that the frog-themed meme coin could see a potential 326% rally before the end of 2025. This massive surge would propel the Pepe price to $0.0000347, marking new all-time highs for the popular meme coin. Analyst Predicts 326% Price Rally For PEPE Sharing a bullish price forecast for the Pepe price on the last day of October, crypto analyst Captain Faibik has predicted that the frog-themed meme coin is set for a substantial price rally between November and December 2025. While specific analysis of this forecast was not fully disclosed, a few critical indicators on the meme coin’s predicted monthly price movement for Q4 2024 to 2025 appear to support this bullish outlook. Related Reading: Bitcoin Price To New ATH Soon? Analyst Who Called $72,000 Surge Reveals What Needs To Happen In the price chart, Captain Faibik highlighted a series of market fluctuations that Pepe is expected to undergo before the end of 2024. According to his forecast, Pepe could see a brief price rally in December, followed by a shift towards bearish trends. Between February and March 2025, the meme coin is anticipated to rally again. This time, however, this price increase is projected to be more explosive, pushing Pepe to significantly higher levels. Furthermore, the potential surge in March is projected to trigger the start of a unique triangle pattern for the price. From April to November 2025. Pepe is expected to enter a prolonged consolidation period marked by slight price increases and declines. Around November and December 2025, Captain Faibik forecasted a substantial 326.64% price rally for Pepe, potentially pushing its price to $0.00003474, possibly even above the $0.00004 mark. This anticipated spike would effectively send the price of Pepe to new all time highs by the end of 2025. Additionally, with Pepe currently trading for $0.0000089, a rally to the $0.00003474 level would result in the cryptocurrency effectively dropping a zero, marking a crucial milestone in its growth trajectory. A jump above $0.00004 would also represent a 349.44% increase from present price levels. Price Action Mirrors Dogecoin’s 2020 Movements According to crypto analyst Max on X (formerly Twitter), Pepe is experiencing a similar set of price movements to those seen in Dogecoin in late 2020, just before the 2021 bull run. The analyst revealed that this bullish price action is coming just as Bitcoin is on the verge of hitting a new ATH this bull cycle. Related Reading: Ethereum Price Completes 12 Weeks Of Bottom Formation, Analyst Says Don’t Aim Lower Than $4,900 ATH Max has expressed confidence that Pepe could become the leading meme coin in this current market cycle, much like Dogecoin was during the bull run in 2021. With the belief that the frog themed meme coin is on the verge of a significant rally, the analyst warns investors to consider jumping on the Pepe bandwagon. Featured image created with Dall.E, chart from Tradingview.com
Memecoins are outperforming the crypto market today, which could be an indication that traders are paying more attention to this sector.
Pepe [PEPE] is currently trading at approximately $0.000000900 and is undergoing a challenging period. The Relative Strength Index (RSI) is currently at 43.80, which is just below the neutral line. This implies that sellers currently possess a minor advantage. Related Reading: MicroStrategy Stock Hits All-Time High As Bitcoin Blazes Past $67,000 Memecoin Price On The Downtrend Some investors are apprehensive due to the downward trend of the price. Although PEPE has experienced significant price increases in the past, recent metrics suggest that momentum is diminishing. It is interesting that the number of holders is consistently increasing, despite the obstacles. This expanding base, which is now approaching 296,000, indicates that a devoted community continues to support the token. Even if participation has dropped, it is clear that many investors are still committed to the popular meme coin and have future hope. The declining trade activity has raised some questions, though. Active Addresses On The Retreat Active addresses that the PEPE network has seen have dropped significantly, data from Santiment shows; today they count roughly 13.5k. From peak levels recorded earlier this year, this translates to a decline. Lower active numbers of users would typically denote reduced trading volumes and hence decreased liquidity levels. Perhaps, this might indicate that euphoria regarding the memecoin market in the earlier stages is fading away slowly. The niche seekers probably are on a lookout for something new within such a developing memecoin territory. If the same continues then PEPE could struggle to regain its vibrancy. The more cautious sentiment among traders is evident in the subdued price action. Perhaps as a result of the general market’s uncertainty, certain investors appear to be waiting on the periphery. If the price remains under pressure, it is possible that the coin will experience additional declines before it establishes a strong foundation. Glimmer Of Hope For PEPE Despite the challenges in engagement and the weakness in price, there are rays of hope for PEPE. In the coming three months, analysts expect more than a 200% increase which is a positive indicator of upside potential. Related Reading: Floki Inu Warning: Analyst Says ‘Prepare For The Crash’ – Details CoinCheckup forecasts that in the next month PEPE could be trading 220% lower than its current price. This can be an appropriate time to invest in the asset. The experts are of the opinion that the upcoming months will accrue the investor a total of 165% profits. Nonetheless, in the face of these difficulties, the future developments seem promising and PEPE will soar to $0.00044 by 2026, which may cause renewed interest in the sector as a whole. Featured image from Vanity Fair, chart from TradingView
Goatseus Maximus (GOAT), a new meme coin on the block, has taken the crypto community by storm with its aggressive surge since launching earlier this month. In just two weeks, GOAT skyrocketed from virtually zero to over $900 million in market capitalization, drawing comparisons with last year’s memecoin sensation, PEPE. This rapid ascent has captivated both analysts and investors, who are beginning to see GOAT as a potential contender for memecoin dominance in the current market cycle. Related Reading: Bitcoin Short Positions Face Serious Risk Above $68,500 – Details Much like PEPE’s explosive rise in 2023, GOAT has defied initial skepticism, proving that meme coins still hold significant sway among crypto enthusiasts and speculative traders. With its rapidly growing community and social media buzz, many are asking if GOAT has what it takes to become this cycle’s meme coin reference point. As the excitement builds, the market is closely watching to see if GOAT can maintain its momentum and establish itself as the next big name in the unpredictable world of meme coins. Can GOAT Lead Meme Coins This Cycle? Top crypto analyst and investor Daan recently shared an insightful comparison on X between the rising meme coin Goatseus Maximus (GOAT) and 2023’s sensation, PEPE. In his analysis, Daan noted that while GOAT has surged remarkably since its recent launch, the initial trajectory of PEPE was even faster. PEPE reached a market cap of approximately $1.4 billion within 22 days of launching, whereas by day 17, it held around $600 million—close to GOAT’s current standing. Daan emphasized that PEPE’s local peak occurred when Binance listed it for spot and perpetual contracts, sparking a “blow-off top.” This listing and the subsequent price spike marked a turning point, as PEPE didn’t return to those price levels for another 10 months. Daan also highlighted other quick-surge tokens, such as SLERF and BOME, which ran higher earlier this year during a local market peak. However, he believes GOAT and PEPE stand apart as probable long-term players in the meme coin space, given their roles as sector leaders. By positioning GOAT alongside PEPE, Daan underscored the potential for GOAT to mirror PEPE’s lasting appeal among investors. Related Reading: Solana Bullish Pattern Holds – Crypto Analyst Sets $202 Target As GOAT continues to gain traction, the market remains speculative, and comparisons like Daan’s shed light on how meme coins like GOAT could evolve—either stabilizing as a major player or facing a similar volatility cycle post-peak. With GOAT’s market cap climbing and interest growing, time will tell whether it can follow a similar trajectory to PEPE or carve out a unique legacy within the meme coin sector. Price Action: Technical View GOAT is currently trading at $0.637 after a retrace from its all-time high of $0.915. While data on GOAT’s price movements remain limited due to its recent launch, the 4-hour chart reveals essential levels that could define near-term demand and supply zones. The key demand level to watch is around $0.56—previously a significant resistance since GOAT’s debut, now flipped to act as strong support. If GOAT can hold above this $0.56 mark, it could signal sustained interest from buyers, positioning the token for another upward move. On the supply side, $0.72 is the next critical zone to test. A push through this level would likely bring new bullish momentum as traders look for higher levels and potential gains above recent highs. Related Reading: Ethereum Whale Activity Spikes To 6-Week High – Smart Money Accumulation? The $0.72 area will act as short-term resistance, and should GOAT manage to break through it, the price could move toward a fresh all-time high. As GOAT’s momentum develops, these levels offer a framework for monitoring its price action and gauging potential shifts in the market sentiment surrounding this rising meme coin. Featured image from Dall-E, chart from TradingView
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
After a recent breakout, PEPE has experienced a notable drop as it moves to retest crucial support levels. This retest is crucial for the cryptocurrency, as it will determine whether the bullish momentum can continue or if the price will struggle to hold above this level. The aim of this article is to analyze PEPE’s recent price action as it drops to retest critical support at $0.00000766 following a breakout. It will examine whether this support level can hold and lead to a rebound, potentially setting the stage for a renewed upward trend, and explore potential scenarios for its next move. Analyzing The Current Market Condition Of PEPE On the 4-hour chart, PEPE is currently trading above the 100-day Simple Moving Average (SMA), indicating a generally positive trend. However, the crypto asset is experiencing significant bearish momentum that could drive the price down toward the $0.00000766 level for a crucial retest. Additionally, on the 4-hour chart, the Relative Strength Index (RSI) signal line is currently at 66%, moving down from the overbought zone toward the 50% threshold. This decline indicates increasing pessimistic momentum, suggesting a greater likelihood of PEPE approaching the $0.00000766 support level. Related Reading: PEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support On the 4-hour chart, PEPE appears to be moving downward toward the $0.00000766 support level while approaching the 100-day SMA. Despite this short-term decline, the recent bullish market sentiment suggests that this drop may be temporary and could potentially lead to a rebound in the near future. Finally, the 1-day RSI signal line, which has risen to 51%, is now declining towards the 50% level. The drop in the RSI indicates a potential upward momentum weakening, reinforcing the likelihood of a price retracement to the support level for further evaluation. Evaluating PEPE’s Support Test: Can $0.00000766 Hold Firm? If $0.00000766 holds up against the selling pressure, it could indicate a potential rebound and a continuation of the upward trend toward the next resistance at $0.00001152. A successful breach of this resistance level might signal a stronger bullish move, paving the way for further price increases to even higher levels. Related Reading: Buying The Dip: PEPE Price Recovers 10% As Whales Load Their Bags However, if $0.00000766 fails to hold as support, it could lead to additional declines toward the $0.00000589 support level. Should PEPE fall below this level, it may move on to challenge the $0.00000398 range and beyond. Over the past 24 hours, PEPE traded around $0.00007822, reflecting a 6.93% increase. The cryptocurrency’s market capitalization has risen to over $3.2 billion, with trading volume surpassing $527 billion, indicating a 6.94% and 59.38% increase respectively in the past day. Featured image from iStock, chart from Tradingview.com
The prices of Dogecoin, Shiba Inu, and PEPE have been on the come-up as the Bitcoin price has recovered. However, at this time, all of their profitability levels remain different, meaning investors in these meme coins are seeing varying levels of profit and losses. In this report, we compare the profitability levels of these three […]
Recent trading activities reveal that PEPE is under mounting selling pressure as its price falls below the critical $0.00000766 support level. This dip signals a further bearish move, with bears gaining control and eyeing further downside towards the $00000589. The break below this key level raises concerns among traders, as the possibility of deeper losses becomes increasingly likely. As momentum turns negative, this article aims to examine the implications of PEPE’s price slipping below a critical support level. It will delve into how this breakdown impacts market sentiment, and with the help of key indicators evaluate the likelihood of further declines. In the past 24 hours, PEPE has declined by 3.51%, reaching approximately $0.00000724. Its market capitalization stands at over $3 billion, with a trading volume exceeding $652 million. During this period, PEPE’s market cap and trading volume have decreased by 3.62% and 0.26% respectively. Market Sentiment Shifts As Price Falls Under Crucial Support PEPE’s price is exhibiting active bearish behavior, trading below the 100-day Simple Moving Average (SMA) in the 4-hour timeframe. Since falling below the $0.00000766 support level, the crypto asset has remained steady, showing little sign of recovery. This sustained price action under a key moving average suggests that bearish momentum is firmly in control. As a result, the downward trend could likely extend further, especially if the price continues to struggle below this critical resistance level. Additionally, the Relative Strength Index (RSI) indicates that PEPE could continue its decline toward the $0.00000589 support level. The signal line has fallen below 50% and is now trending around 37%, suggesting that bearish pressure remains strong in the market. On the 1-day, PEPE is still trading below the 100-day SMA and the trendline. It can be observed that the crypto asset is attempting a bearish move toward the $0.00000589 support level. With this recent bearish move, the decline could extend to other support levels. Lastly, the formation of the 1-day RSI suggests that PEPE is at greater risk of extending its decline. The signal line is currently hovering around 35% after failing to break above 50%, setting the stage for another drop toward the oversold zone. Potential Downside Targets: Where PEPE Could Be Headed Next Ongoing bearish pressure could push PEPE’s price down to the next support level at $0.00000589. A decisive break below this support could signal further bearish movement, potentially driving the asset toward the $0.00000566 support level and possibly even lower. However, if PEPE rebounds from the $0.00000589 level, it could retrace toward its previous high of $0.00001152. If the cryptocurrency breaks above this level, it could signal further upward momentum, potentially targeting the $0.00001313 resistance range and other higher levels. Featured image from Adobe Stock, chart from Tradingview.com
According to on-chain data, here’s how the percentage of holders in profit differs between Dogecoin (DOGE), Shiba Inu (SHIB), and other memecoins. Dogecoin Has The Highest Profitability Ratio Among Major Memecoins In a new post on X, market intelligence platform IntoTheBlock has talked about how the major memecoins compare against each other regarding the holders […]
Crypto analyst CrediBULL Crypto provided a market analysis on Pepe (PEPE), Ethereum (ETH), and XRP. Based on his analysis, PEPE could hit a new high soon enough, seeing how it has ranged since hitting a new all-time high (ATH) in May. A Price Rally For PEPE On The Horizon CrediBULL Crypto mentioned in an X […]
Recently, a massive transaction shook the digital currency ecosystem. A prominent whale transferred 400 billion PEPE tokens—worth about $4.22 million—to Binance. Related Reading: GRT Market Signals 12% Drop: Is A Turnaround Possible? Strategically timed among the general negative market mood, this move seems to be a deliberate one for partial profit booking. The whale’s behavior corresponds to the breach of a critical support level around $0.00001075, a key threshold that has lately increased the downward pressure on PEPE’s price. A whale deposited 400B $PEPE($4.22M) to #Binance to take profits in the past hour. The whale withdrew 795.92B $PEPE($2.55M at the time) from #Binance on Mar 1 and currently has 395.93B $PEPE($4.18M) left. His total profit on $PEPE is $5.85M, the ROI is 230%!… pic.twitter.com/o7T1ihjoq9 — Lookonchain (@lookonchain) August 1, 2024 Previously active on March 1st, the whale pulled out 795 billion PEPE tokens from Binance, worth $2.55 million. Even with this big withdrawal, the whale still has a decent 396 billion PEPE, which means it has an unrealized profit of $5.85 million, or a 230% return on investment. This amazing financial dance shows how smart the whale is and how dangerous it is to trade PEPE in a market that is always changing. Pepe Technical Study: Negative PEPE is trading at about $0.00001051 as of the most recent report, a 7.5% decline in price over the last 24 hours. Concurrently, trade volume has jumped by 14%, indicating a change in market involvement and investor participation. Technical study shows a pessimistic view of the cryptocurrency despite this higher activity. With forecasts showing a possible 20% collapse in the short future, the recent violation of the important support level of $0.00001075 is expected to propel further drops. The 200 Exponential Moving Average (EMA) suggests PEPE may find support around $0.0000852. Despite the gloomy market, this technical indicator suggests price stabilization. Technical indicators and market dynamics challenge PEPE’s prospects. Liquidation Levels And Possible Rebound The latest development also puts into perspective PEPE’s main liquidation thresholds, which lie on the lower end at $0.000010 and on the upper end at $0.0000118. Should the bearish mood persists, the meme coin may experience a downward motion below $0.000010, forcing the liquidation of around $2.04 million in long bets. Conversely, a shift in market sentiment could result in PEPE falling below $0.0000118, which would result in the liquidation of approximately $13.4 million in short positions. Beyond the current volatility, PEPE projections remain somewhat positive, though short-term forecasts show a significant comeback with an expected 249.99% gain over the following three months. Related Reading: Can Bitcoin Cash (BCH) Go Up 680% This Week? This Analyst Believes So With expected rates of 183.50% over six months and 169.42% over one year, the longer horizon seems as bright. These scenarios could be good news for the popular meme coin as it maneuvers its way into the volatile crypto market, but all things considered PEPE could be headed in the right direction. In essence, the larger projection stays robust even if PEPE has major short-term difficulties and liquidation hazards. The direction of the token will be greatly shaped by the combination of whale movements, technical indicators, and market emotion. Featured image from , chart from TradingView
Shiba Inu, a dog-themed memecoin is in the spotlight as trillions of SHIB were reportedly stolen in a recent cybersecurity breach with the leading India-based cryptocurrency exchange, WaxirX. Reacting to the incident, Shiba Inu team member and marketing head, Lucie, in a heartfelt message has expressed her condolences to the SHIB holders affected by the […]
The $53 billion meme coin sector rose by more than 12% on Tuesday with the likes of pepe (PEPE) and dogwifhat (WIF) surging by 22% and 25% respectively, data from CoinGecko shows.
On-chain data shows a PEPE whale has withdrawn a large amount of the memecoin from Binance today, a sign that could be bullish for its price. PEPE Whale Has Made A Large Outflow From Binance In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, a massive Pepe transaction has been spotted on the blockchain during the last 24 hours. Related Reading: Bitcoin Q3 Rally Possible As Miner Selloff Finishes, Quant Says The transfer involved the movement of 1,286,733,285,955 tokens on the network, worth more than $14.7 million when the transaction went through. Given this large scale, it’s likely that a whale entity was responsible for the move. Whales are humongous investors who carry large amounts in their wallets. As they can make huge single-transaction movements like this latest one, they are considered influential beings on the market. Therefore, their moves can be worth keeping an eye on, as they may have implications for the price. Generally, though, it’s hard to say how exactly a move might reflect on the market, but sometimes, the addresses involved can provide some hints. Below are the address details for the latest Pepe whale transaction. As is visible, the sending address for this PEPE transaction was one attached to the cryptocurrency exchange Binance. Conversely, the receiver wasn’t affiliated with any centralized platform, suggesting that it was likely an investor’s self-custodial wallet. Transfers that move from exchanges to personal addresses are called “exchange outflows.” Generally, investors make outflows from these platforms when they plan to hold in the long term, so these transfers can potentially carry bullish benefits for the cryptocurrency. Related Reading: Shiba Inu ‘Underbought,’ While Bitcoin ‘Overbought’ Recently: Santiment The whale may have made this latest transfer out of Binance for a similar purpose. It could also be that these coins were just freshly purchased by this large investor, thus making a move even more positive for the memecoin. However, there also exists a bearish scenario where the whale has taken out their PEPE stack to sell through an over-the-counter (OTC) desk instead. As it’s impossible to say with any certainty which of these scenarios this transaction follows, it only remains to be seen what effects this transfer ends up having on the coin’s price, if any. PEPE Price Pepe had recently recovered towards the $0.0000121 level, but the asset has since seen a plunge of almost 5% as its price is now back at around $0.0000115. The chart below shows what the memecoin’s performance has looked like over the last few days. Featured image from Dall-E, whale-alert.io, chart from TradingView.com
The biggest winners in the recent bullish surge are new memecoins that have emerged over the past few months.
Andrew Kang of Mechanism Capital, a crypto venture fund, thinks meme coins have evolved and shouldn’t be considered lowly. In a post on X, Kang argues that meme coins are no longer a “last resort” investment but an emerging sector constantly attracting millions of investors. Investors Should Change Strategy? If anything, the analyst thinks, top meme coins like BONK, HONK, and others may spearhead the next market surge. For this reason, and considering the potential of meme coins, investors, the analyst said, should consider adapting their strategies or risk “dying.” Another observer on X endorsed this observation. Replying to the post, the analyst said meme coins have been driving the market for months. Top meme coins like PEPE and others from Solana and Ethereum layer-2 platforms have increased. Related Reading: Crypto Expert Says Market Has Begun A Macro Bullish Expansion – What This Means For Bitcoin And Altcoin Prices The fact that meme coin prices are defying gravity and cryptocurrencies are concurrently rallying suggests that they are no longer reliable indicators for calling tops. In the past, whenever there was a pivotal expansion of meme coin prices, most analysts interpreted the move as a signal that the crypto rally might end. However, this is rapidly changing. In this cycle, the analyst said meme coins are resilient and that there is an unconventional altcoin rotation, which means the landscape is changing. Meme Coins On Fire: Traders Raking Millions From PEPE, WIF While there are doubts about the sustainability of meme coins, considering they mostly lack utility and are speculative, top tokens, especially PEPE, outperform Bitcoin and Ethereum. Recently, PEPE soared to register fresh all-time highs, printing new crypto millionaires. Lookonchain data shows that after purchasing 6.1 million WIF for $5,879 in December 2023, one trader now holds $23.7 million worth of the coin. With this return, the trader posted an impressive ROI of 1,197x. The trader is not the only one. Another recently sold all their WIF holdings for $2 million worth of SOL. Lookonchain data notes that the trader has also profited from BONK and Boden. Platforms are also realizing the importance of tokens like BONK or HONK. Since they are speculative and without complex roadmaps, they attract new investors keen on exploring crypto and the multiple platforms in the space. Related Reading: Time To Stack Stellar (XLM)? Analyst Calls For Epic 500% Price Breakout Aware of the potential of this industry, the Avalanche Foundation recently launched the Memecoin Rush program. Accompanying their announcement, Eric Kang, BD Manager at Ava Labs, said meme coins have “become a cornerstone of Web3, representing the uniqueness and interests of diverse crypto communities.” Feature image from Canva, chart form TradingView