PEPE coin is a digital currency that is designed to surpass other meme coins on the market. It is still uncertain who exactly developed the coin; some people think Matt Furie did, however this is completely untrue.
The coin is used as a meme currency and has no real worth. The currency adheres to the ERC 20 blockchain field token standard and is constructed using ETH specifications. The coin made its debut on cryptocurrency platforms on April 14, 2023.
PEPE vs. Dogecoin: Who Will Win in the Crypto Bull Run?,PEPE vs. Dogecoin: Who Will Win in the Cryptocurrency Bull Run?
Over the last day, the cryptocurrency’s spot volume has decreased by 6.11%, totaling $41.59M. A $280.26 million market cap comes next. In the past day, the market capitalization has increased by 0.93%. The volume/market cap ratio for the PEPE cryptocurrency is 14.84%.
With 391.79T PEPE coins in circulation, the market capitalization of the PEPE cryptocurrency is $301.04M when completely diluted. It has 420.69T PEPE in total supply. 93.13% of the coin’s total quantity is now in circulation and accessible for trade. The PEPE dominates the market with a 0.027% market value.
Price Technical Analysis of PEPE Crypto
The falling wedge pattern that the PEPE cryptocurrency is trading inside is producing bearish candlesticks. The current chart, which shows erratic candlestick spikes, indicates a lack of activity in the cryptocurrency market. The cryptocurrency is been making lower low swings while encountering opposition from higher levels.
The 50-day EMA is trading above the price because the price of PEPE coins has been steadily declining. Because it shows no momentum on the charts while trading below the 50-level, the RSI is likewise negative on the charts. In conclusion, a sell signal is indicated by both technical indicators.
PEPE Analysis of Liquidation
It has been a while since the PEPE coin’s derivative volume saw any notable activity or spikes. The lack of interest in cryptocurrency by the trading community is reflected in this volume decline.
The negative market structure that the PEPE cryptocurrency is pursuing is producing new lower low swings after a bearish break in the structure. On charts, technical indicators like the EMA and RSI are likewise behaving bearishly. No noteworthy projects or activities have been shared by the cryptocurrency community either. A lack of interest in trading results from this.
Because of the lack of volume in the cryptocurrency market, the PEPE coin price is thus predicted to fall to even lower levels and might remain volatile or negative.
PEPE vs. Dogecoin: Who Will Win in the Cryptocurrency Bull Run?,PEPE vs. Dogecoin: Who Will Win in the Cryptocurrency Bull Run?,PEPE vs. Dogecoin: Who Will Win in the Cryptocurrency Bull Run?