Bittime - The crypto world is facing another setback due to the decline in Bitcoin prices. As a result, most crypto assets experienced losses, including PEPE. However, even though PEPE's price fell 7%, this frog-themed meme coin is still profitable overall this week because its price has jumped 45%.
PEPE Market Condition
Currently, PEPE is trading at $0.000007499 (around Rp. 0.12). This is only 31% away from its all-time high set a month and a half ago.
This decline in crypto prices was caused by Bitcoin's post-halving volatility attack, where crypto assets experienced a sharp decline due to liquidation problems. Apart from that, the worsening geopolitical situation in the Middle East also has an impact on market performance.
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Not to forget, crypto business leader Changpeng Zhao has been fighting a legal case with United States regulators for months and faces up to three years in prison. The situation was made worse by the arrest of the founder of Samourai Wallet on charges of money laundering.
Despite all these downturns, the meme coin market is still relatively fine as investors turn to meme coins for short-term gains.
Also read: What is Meme Coin and Why is it Popular?
Will PEPE Hit New ATH Soon?
PEPE is one of the most favorite meme coins and always manages to recover from downturns like this. Even now, crypto analysts like Captain Faibik believe that PEPE may surge to a new ATH due to the apparent bullish flag pattern.
Additionally, whale (large investor) activity has also increased recently, with an 11% spike in whale transactions exceeding $100,000 in value. The number of whales increased to 273 from 246 in just one day.
Also Read How To Buy Crypto:
Coinbase Futures List PEPE
On April 22, Coinbase announced the launch of the PEPE perpetual feature on their platform. Perpetual contracts are Smart Contracts without an expiration date that follow the performance of spot assets (on the market).
Also read: Pepe (PEPE): Will this Meme Coin Moonbag and Reach ATH
Coinbase listed this option on April 23 and was the reason for the previous PEPE price increase. Initially, Coinbase announced their plans for a PEPE futures perpetual contract on April 11th, but due to technical issues, the plans were postponed until the 23rd.
This addition helps PEPE to expand its market to meet demand for these tokens. PEPE showed great performance in March, which led to an increase in demand for this meme coin.
In early March, the token price surged from $0.000002738 to an all-time high of $0.00001074. However, this condition did not last long, because April was not friendly for the crypto market.
Latest PEPE Price Movements
Summer: Over
Based on the latest data, the PEPE/IDR price is IDR 0.1208 or around $0.000007499. This price is the result of buying and selling activities in the crypto asset market and can fluctuate according to market dynamics.
Additionally, PEPE's trading volume in the last 24 hours was IDR 51.53 trillion (approximately $3.18 billion), indicating the level of liquidity and trading activity for this crypto asset.
PEPE's price change in the last 24 hours was 1.76%, reflecting the price volatility in that period.
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Conclusion
With several bullish indications, there is a chance for PEPE to reach the ATH target. This meme coin only needs a bullish push from the crypto market to create the same momentum as the previous month.
If the market returns to last month's conditions, PEPE could possibly surpass ATH before this month ends.
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/IDR. 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.
Also read:
What is Pepe Community (PEPE)? Building Connections in the Cryptocurrency Industry
Examining the Potential of Pepe (PEPE): A Meme Coin on the Rise
Pepe (PEPE) Soars: Daily Trading Volume Reaches $1.5 Billion
Pepe Coin's Rising Popularity in the Crypto Market: Analysis of PEPE's Price and Market Strength
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.
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