Check Today's Crypto Market:
Bittime - Pepe Coin revived the market last month. Recent market movements have pleased Pepe Coin investors. Pepe Coin even managed to surpass Dogecoin and Shiba Inu last week.
What is Pepe (PEPE)?
PEPE Coin is a cryptocurrency that originates from the internet meme phenomenon, inspired by the character Pepe the Frog. As one of the popular meme coins, PEPE has attracted the interest of many investors in recent years.
The coin experiences significant price volatility like other meme coins, often influenced by market trends and community sentiment.
Although initially created as a joke, PEPE has grown into a widely traded crypto asset with a strong fan base across various trading platforms and social media.
Also read : What is Meme Coin and Why is it Popular?
Impact of PEPE on the Market and Its Price Situation
Pepe (PEPE) made a significant impact mid-season last month, breathing new life into the market. However, the meme coin later experienced a sharp decline due to bearish market conditions, and that disappointed investors.
Currently, PEPE still holds a good position in the market, and the market movements from last week seem to have satisfied investors.
Also read : What is a Market?
PEPE Price Situation
The frog-themed meme coin (PEPE) managed to surpass Dogecoin (DOGE) and Shiba Inu (SHIB) in gains last week, reaching the top of the meme coin market.
The double-digit increase in PEPE price over the last 7 days is attributed to the increased demand for this altcoin. The number of daily active addresses and new addresses carrying out PEPE transactions has increased last week.
Based on data from Santiment, there has been a 34% increase in the number of daily addresses carrying out PEPE transactions in the last seven days.
During this period, there was also a 31% increase in the number of addresses created for transactions.
Based on data provided by Bittime, PEPE is trading at $0.0000026450 at the time of writing (02/28/2024) and has seen an increase of more than 24% in the last 24 hours.
Pepe's Strength and Bullishness
Currently, fundamental moments in altcoins generally show signs of overbuying. PEPE's Relative Strength Index (RSI) read 92.21, while the Money Flow Index (MFI) read 59.03. These values indicate that investors holding tokens prefer to accumulate rather than sell.
Check Crypto Prices Today:
Additionally, an evaluation of the Moving Average Convergence Divergence (MACD) indicator specific to the token reveals that bulls are clearly taking over the market at the time of writing. The MACD line is also above the trend line.
Also read : What is the Relative Strength Index (RSI)?
On the other hand, PEPE's positive directional index (green) is above its negative directional index (red) at the time of writing, which could be interpreted as a sign of the current uptrend.
Also read : What is Moving Average Convergence Divergence (MACD)?
Lastly, looking at the Bollinger Bands (BB) on the PEPE chart, there was hope for a small correction in the PEPE value, but this may have been denied for now. This is caused by the price of the meme coin being above the upper band of the BB indicator.
How to Buy Pepe (PEPE) on Bittime
You can buy and sell Pepe (PEPE) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Pepe (PEPE) is available on Bittime with the market pair PEPE/USDT . To be able to buy PEPE IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Pepe (PEPE) on Bittime .
Monitor price chart movements of Pepe (PEPE), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read Also
Best Crypto Mining Software for Crypto Mining
Bitcoin Virtual Machine (BVM): Cross-Blockchain Technology Connecting Ethereum and Bitcoin
Interesting Facts About WEN, the Meme Coin from Solana
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
significant from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.