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. Related Reading: Floki Inu: Does Meme Coin Have What It Takes To Re-Enter Top 100 Spot? 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. Crypto total market cap unchanged at $1.12 trillion. Chart: TradingView.com 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%. Source: Coingecko 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. Source: DEXTools 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 read more

Fetch.ai Token Surges to All-Time High, Exciting Investors

Fetch.ai (FET) reached a record $3.41, delighting investors. Trading volume strength and futures market favor bulls. Continue Reading: Fetch.ai Token Surges to All-Time High, Exciting Investors read more

Santiment Names Three Altcoins: “Price May Continue Climbing If Lack of FOMO Continues”

Cryptocurrency analysis company analysts named three altcoins that they claim are currently outperforming the market. Continue Reading: Santiment Names Three Altcoins: “Price May Continue Climbing If Lack of FOMO Continues” read more

Coinbase Advances Crypto Industry by Integrating USDC Accounts with Ethereum’s Layer-2 Blockchain Base

Coinbase, a leading cryptocurrency exchange, has announced a strategic shift in the management of its USD Coin (USDC) stablecoin accounts, signaling a significant move towards utilizing its Ethereum layer-2 blockchain, Base. The transition, disclosed by Coinbase vice president Max Branzburg via a post on the social platform X on March 26, is designed to enhance the exchange’s capability to manage and secure customer funds with “lower fees and faster settlement times.” This adjustment specifically affects Coinbase.com accounts, with Coinbase Wallet accounts remaining unaffected due to users’ control over their private keys. Currently, the platform secures user tokens through multiparty computation read more

OKX Elevates US-based Compliance Department to Highest Priority

Crypto exchange OKX has decided to internally elevate its US-based compliance department, according to an X post by WuBlockchain. The decision comes at a time when OKX has been already facing operational hurdles and issues with regulators like that of India. OKX Elevates US-based Compliance Department According to Wu Blockchain, the US-based compliance department of The post OKX Elevates US-based Compliance Department to Highest Priority appeared first on CoinGape . read more

Ripple Partner HSBC Indicted for Naked Shorting in South Korea

Criminal charges have been brought against HSBC, one of the leading world investment banks, together with three of its traders by South Korean prosecutors. This represents a major development as HSBC, an associate of Ripple through its partnership with tech firm Metaco, is accused of illegal naked short selling, and the allegations amount to 15.8 The post Ripple Partner HSBC Indicted for Naked Shorting in South Korea appeared first on CoinGape . read more

Ripple Legal Woes Could Drain XRP Holders, Expert Claims

Charles Gasparino, a Fox Business reporter, has issued a warning to XRP holders. He suggests that Ripple’s ongoing legal challenges could affect their wealth. As per Gasparino’s post on the X social network, XRP investors stand to suffer financial losses. He derives this from the uncertain victory of Ripple in the legal war against the The post Ripple Legal Woes Could Drain XRP Holders, Expert Claims appeared first on CoinGape . read more

MicroStrategy (MSTR) Slumps 9% As Kerrisdale Capital Shorts The Stock

MicroStrategy (MSTR) shares have plunged by about 9.07% to $1,735.74, a drop that might be a reaction to the stock short position from investment asset management firm Kerrisdale Capital Kerrisdale Capital Shorts MicroStrategy, Longs Bitcoin On Thursday, Kerrisdale Capital revealed its plans to short-sell its MSTR stock and bet long on the leading cryptocurrency by The post MicroStrategy (MSTR) Slumps 9% As Kerrisdale Capital Shorts The Stock appeared first on CoinGape . read more

'Call of Duty' Players Have Their Bitcoin Swiped Thanks to Malware

Over 4.9 million total gaming accounts could be affected by the Bitcoin wallet-draining malware tied to "cheat" software. read more

Bitcoin Price Surges, FTX Founder Sentenced to 25 Years

Bitcoin price surpasses $71,500 with strong buyer support. FTX founder Sam Bankman-Fried sentenced to 25 years in prison. Continue Reading: Bitcoin Price Surges, FTX Founder Sentenced to 25 Years read more

Two Solana-Based Tokens Surge After Coinbase Announces Surprise Roadmap Listing

Two Solana (SOL)-based altcoins surged in price after Coinbase announced they could soon be trading on its platform. On Tuesday, the top US crypto exchange added Shadow Token (SHDW) and Neon EVM (NEON) to its listing roadmap, which alerts customers that the company could soon add support for certain assets. Shadow Token is a cryptocurrency The post Two Solana-Based Tokens Surge After Coinbase Announces Surprise Roadmap Listing appeared first on The Daily Hodl . read more