{"id":539175,"date":"2023-06-22T15:30:27","date_gmt":"2023-06-22T15:30:27","guid":{"rendered":"https:\/\/uniquehot.com\/?p=539175"},"modified":"2024-06-11T14:37:53","modified_gmt":"2024-06-11T14:37:53","slug":"pepe-surges-by-34-amidst-general-market-recovery","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/pepe-surges-by-34-amidst-general-market-recovery\/","title":{"rendered":"PEPE Surges By 34% Amid General Market Recovery"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Meme season sensation Pepecoin (PEPE) has gained by 34.23% in the last day as the crypto market maintains its Bitcoin-fuelled recovery.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to <a href=\"https:\/\/coinmarketcap.com\/gainers-losers\/\" target=\"_blank\" rel=\"noopener nofollow\">data from CoinMarketCap<\/a>, PEPE&#8217;s impressive price movement has allowed the token to emerge as the top gainer of the day, outperforming the likes of <a href=\"https:\/\/uniquehot.com\/altcoin\/conflux-gains-20-in-24-hours-emerges-on-top-gainers-chart\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Conflux (CFX)<\/a> and <a href=\"https:\/\/uniquehot.com\/stacks\/stacks-stx-registers-11-gains-as-broader-market-suffers-volatility\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Stacks (STX)<\/a> who have held the headlines in recent days.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">PEPE initially began the week slowly, showing no significant price movement on Monday, June 19,\u00a0 as it hovered around the price region of $0.000000922. Thereafter, the meme token recorded a slight price gain before hitting a resistance level at 0.00000107 on June 20.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following some sideways movements, PEPE resumed its bullish course to trade as high as $0.00000154 today for the first time since last month. In the last two days, the PEPE has jumped by over 61% in market price.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, Pepecoin is trading at $0.00000148, gaining by 3.54% in the last hour<a href=\"https:\/\/coinmarketcap.com\/currencies\/pepe\/\" target=\"_blank\" rel=\"noopener nofollow\"> based on CoinMarketCap data<\/a>. The token\u2019s daily trading volume is also up by 253.38%, sitting at $694 million.\u00a0<\/span><\/p>\n<p>Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/crypto-market-sees-liquidations-amid-bitcoins-leap\/\" target=\"_blank\" rel=\"noopener \">Crypto Market Sees Liquidations Over $260 Million Amid Bitcoin\u2019s Leap Above $30,000<\/a><\/p>\n<p><span style=\"font-weight: 400\">That said, PEPE\u2019s market cap drifts around $579 million, allowing it to retain its position as the 3rd largest meme coin in the market.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Could PEPE\u2019s Market Struggles Be Over?\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Following its launch in April, PEPE took the crypto world by storm, surging by over 2,000% to become the \u201cundisputed king of the meme season.\u201d <\/span><span style=\"font-weight: 400\">However, PEPE soon fell from its sturdy heights <a href=\"https:\/\/uniquehot.com\/news\/pepe-down-78-from-may-peaks-but-holder-count-rising\/\" target=\"_blank\" rel=\"noopener \">sliding by 78%<\/a> off its all-time high value &#8211; 0.00000435 &#8211; attained in May. <\/span><span style=\"font-weight: 400\">After its market surge today, it appears that PEPE may be on its way back up to this level. Although it is still too early to tell.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Based on PEPE\u2019s 1-hour chart, its Relative Strength Index (RSI) shows the token has just left the overbought zone, indicating the bullish momentum may be over and a bearish trend lies on the horizon.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, which is also considered a bearish signal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Looking at the PEPE\u2019s price action, the token continues to hover around the key resistance level of 0.00000146. If the buying pressure increases and PEPE manages to break through this threshold, it could be back on its bullish course.<\/span><\/p>\n<p><span style=\"font-weight: 400\">That said, if the resistance zone holds strong and PEPE fails to break out, this may confirm the initial bearish prediction.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.tradingview.com\/x\/ZMZc0EWL\/\" alt=\"PEPE\" width=\"1479\" height=\"913\"><\/p>\n<pre style=\"text-align: center\">PEPE Trading At $0.0000014554 | Source: <a href=\"https:\/\/www.tradingview.com\/x\/BINBxgkU\/\" target=\"_blank\" rel=\"noopener nofollow\">PEPEUSD Chart on Tradingview.com<\/a><\/pre>\n<h2><span style=\"font-weight: 400\">The Crypto Market Recovery Continues<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Aside from Pepecoin, the majority of the crypto market is on an uptrend, with the total market cap boosting by 3.5% in the last day based on <a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\">data from Coingecko<\/a>.\u00a0<\/span><\/p>\n<p>Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/when-blackrock-bitcoin-etf-timeline-implications\/?swcfpc=1\"> When BlackRock Bitcoin ETF? Detailed Timeline And Implications<\/a><\/p>\n<p><span style=\"font-weight: 400\">This significant influx of capital could possibly be due to the interest generated by the recent Bitcoin ETF filings by many prominent traditional finance companies, most notably BlackRock.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Market leader Bitcoin (BTC) is up by 3.2%, with Ethereum (ETH) gaining by 3.0% in the last day.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, other notable assets such as Dogecoin (DOGE), Cardano (ADA), and Polygon (MATIC) are also on the upswing surging by 2.8%, 5.2%, and 4.1%, respectively.\u00a0<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured: Telegraph India, Chart from Tradingview.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Meme season sensation Pepecoin (PEPE) has gained by 34.23% in the last day as the crypto market maintains its Bitcoin-fuelled recovery. According to data from CoinMarketCap, PEPE&#8217;s impressive price movement has allowed the token to emerge as the top gainer of the day, outperforming the likes of Conflux (CFX) and Stacks (STX) who have held the headlines in recent days.\u00a0 PEPE initially began the week slowly, showing no significant price movement on Monday, June 19,\u00a0 as it hovered around the price region of $0.000000922. Thereafter, the meme token recorded a slight price gain before hitting a resistance level at 0.00000107 on June 20. Following some sideways movements, PEPE resumed its bullish course to trade as high as $0.00000154 today for the first time since last month. In the last two days, the PEPE has jumped by over 61% in market price. At the time of writing, Pepecoin is trading at $0.00000148, gaining by 3.54% in the last hour based on CoinMarketCap data. The token\u2019s daily trading volume is also up by 253.38%, sitting at $694 million.\u00a0 Related Reading: Crypto Market Sees Liquidations Over $260 Million Amid Bitcoin\u2019s Leap Above $30,000 That said, PEPE\u2019s market cap drifts around $579 million, allowing it to retain its position as the 3rd largest meme coin in the market.\u00a0 Could PEPE\u2019s Market Struggles Be Over?\u00a0 Following its launch in April, PEPE took the crypto world by storm, surging by over 2,000% to become the \u201cundisputed king of the meme season.\u201d However, PEPE soon fell from its sturdy heights sliding by 78% off its all-time high value &#8211; 0.00000435 &#8211; attained in May. After its market surge today, it appears that PEPE may be on its way back up to this level. Although it is still too early to tell.\u00a0 Based on PEPE\u2019s 1-hour chart, its Relative Strength Index (RSI) shows the token has just left the overbought zone, indicating the bullish momentum may be over and a bearish trend lies on the horizon.\u00a0 Furthermore, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, which is also considered a bearish signal. Looking at the PEPE\u2019s price action, the token continues to hover around the key resistance level of 0.00000146. If the buying pressure increases and PEPE manages to break through this threshold, it could be back on its bullish course. That said, if the resistance zone holds strong and PEPE fails to break out, this may confirm the initial bearish prediction.\u00a0 PEPE Trading At $0.0000014554 | Source: PEPEUSD Chart on Tradingview.com The Crypto Market Recovery Continues Aside from Pepecoin, the majority of the crypto market is on an uptrend, with the total market cap boosting by 3.5% in the last day based on data from Coingecko.\u00a0 Related Reading: When BlackRock Bitcoin ETF? Detailed Timeline And Implications This significant influx of capital could possibly be due to the interest generated by the recent Bitcoin ETF filings by many prominent traditional finance companies, most notably BlackRock.\u00a0 Market leader Bitcoin (BTC) is up by 3.2%, with Ethereum (ETH) gaining by 3.0% in the last day.\u00a0 Meanwhile, other notable assets such as Dogecoin (DOGE), Cardano (ADA), and Polygon (MATIC) are also on the upswing surging by 2.8%, 5.2%, and 4.1%, respectively.\u00a0 Featured: Telegraph India, Chart from Tradingview.<\/p>\n","protected":false},"author":581,"featured_media":539179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,88477,88145,88156],"class_list":["post-539175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto-market-recovery","tag-pepe","tag-pepecoin"],"acf":[],"yoast_head":"\n<title>PEPE Surges By 34% Amidst General Market Recovery<\/title>\n<meta name=\"description\" content=\"Meme season sensation Pepecoin (PEPE) has gained by 34.23% in the last day as the crypto market maintains its Bitcoin-fuelled recovery.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. 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