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Cryptocurrencies: 12,885
Markets: 942
Marketcap: $ 2.10 T(0.32%)
24h Vol: $ 59.98 B
BTC Dominance: 48.13%

Pepe (PEPE) Token Plummets By 12% As Crypto Market Cools Off

Key Highlights:

The price of Pepe (PEPE) token, a cryptocurrency meme based on the Pepe the Frog character, dropped by 12% in the last 24 hours to reach $0.00000124. The fall in PEPE’s value comes as the broader crypto market experiences minor losses with most major coins down between 1% to 3%.

Some key takeaways about PEPE’s price action:

  • PEPE is down 14% over the last 7 days and 11% in the past two weeks.
  • However, PEPE is still up 10% for the month and over 2000% from its all-time low in mid-April.
  • Whale activity indicates that the current price dip could be a buying opportunity for larger players.
  • PEPE’s Relative Strength Index has dipped below 50, pointing to a potential continuation of the price decline in the near-term.
  • The 30-day moving average has flattened, suggesting PEPE’s price fall could extend further.
  • $0.00000110 seems to be a key support level for PEPE currently.

Understanding PEPE’s Market Metrics

PEPE’s current trading volume of around $70 million has decreased slightly in the past couple of days. This declining volume could mean falling interest in the token. While whale activity remains present, a Justin Sun wallet withdrew approximately $76,000 worth of PEPE tokens a few days ago.

The imminent SEC decision on several Bitcoin ETF applications in early January could potentially provide a boost for speculative coins like PEPE. An SEC approval is likely to ignite renewed hype and optimism, which could drive PEPE’s price up to $0.0000030 by the end of the month according{” “} charts.

Ongoing Crypto Token Sale

The Bitcoin Minetrix (BTCMTX) token sale is currently raising funds after collecting over $5.4 million so far. BTCMTX is an Ethereum-based platform that allows users to{” “} stake tokens in order to earn Bitcoin mining{” “}

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