Frog themed meme coin PEPE, stands out, with data showing that more than half of its owners are currently profitable. According to IntoTheBlock data, 69% of the asset’s owners are making a profit or “protecting their money.”
While analysts are closely monitoring PEPE’s performance, meme coin It is preparing to move to reach new resistance levels by breaking zero. Such predictions fuel market enthusiasm as both investors and community members discuss the coin’s price trajectory. increases.
69% of $PEPE holders are currently in profit🐸
🔗https://t.co/aWPZ6HVKkC pic.twitter.com/gQ6uORt1dq— IntoTheBlock (@intotheblock) April 17, 2024
NEWS CONTINUES BELOW
As we reported as Koinfinans.com crypto- analyst Ali Martinez hinted that PEPE may be preparing for its next move. Ali recommends looking out for a daily close outside the $0.00000793-$0.0000664 range, which could result in a 54% move for the meme coin. The community is eagerly waiting, with analysts pointing to a major price move on the horizon.
PEPE has largely fluctuated between $0.00000475 and $0.00000572 after falling as low as $0.00000393 on April 13.
At press time, PEPE was down 2.42% over the past 24 hours to $0.000004998, reflecting the overall price decline in the crypto market as the dollar recorded its biggest five-day rise since October 2022. Financial markets reacted differently after Fed Chairman Jerome Powell signaled that policymakers were in no rush to cut interest rates.
Coinbase, on the other hand, will add support for perpetual futures trading of the asset. The opening of the 1000PEPE-PERP market will begin on April 18, 2024.
