{"id":545985,"date":"2023-08-07T09:05:02","date_gmt":"2023-08-07T09:05:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=545985"},"modified":"2024-06-11T08:58:53","modified_gmt":"2024-06-11T08:58:53","slug":"will-meme-coins-continue-to-drop","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/will-meme-coins-continue-to-drop\/","title":{"rendered":"PEPE’s Future: Will Prices Of Meme Coins Continue To Drop?"},"content":{"rendered":"

In the realm of meme coins, PEPE’s Network Realized Profit\/Loss (NPL) metric has emerged as a critical barometer, shedding light on price trends within the cryptocurrency landscape.<\/p>\n

This metric has now indicated a glimmer of a price floor for the frog-themed token that has been facing its fair share of challenges. As a result, a ray of positivity has dawned upon numerous investors who have been expecting a much-needed rebound, following a prolonged period of decline within the meme coins arena.<\/p>\n

However, a more meticulous analysis of the situation unveils a contrasting reality, suggesting that the token’s woes might be far from over.<\/span><\/p>\n

At first glance, the dip in PEPE’s NPL metric appeared to be an encouraging sign. Historically, a significant drop in this metric has often coincided with a price bottom in many cryptocurrencies.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

\u00a0PEPE NPL metric on the downward trend. Source: Santiment.\u00a0<\/a><\/pre>\n
\n
Related Reading: Shiba Inu: More Bite Than Bark Over The Weekend With Over 15% Jump<\/a><\/div>\n<\/div>\n

PEPE\u2019s Misleading NPL Dip Conceals Ongoing Selling Pressure<\/strong><\/h2>\n

The recent uptick in <\/span>PEPE’s 24-hour performance<\/span><\/a>, with a 1.7% rally, seemed to lend credence to this belief. Nevertheless, deeper scrutiny of on-chain data reveals a less optimistic picture.<\/span><\/p>\n

While the NPL suggested a potential price floor, the broader on-chain performance of PEPE contradicts this notion. The token has experienced consistent and sustained selling pressure.<\/span><\/p>\n

\"\"<\/p>\n

PEPE seven-day slump. Source: Coingecko<\/pre>\n

Holders have continued to offload their tokens including meme coins, thwarting the possibility of a substantial price rebound. The 9.1% seven-day slump underscores the persistent challenges PEPE faces, casting doubt on the immediate potential for recovery.<\/span><\/p>\n

Insights From The Broader Crypto Market Struggle<\/strong><\/h2>\n

PEPE’s struggle is not occurring in isolation. The wider cryptocurrency market has been grappling with a plethora of challenges, including regulatory uncertainties, market sentiment shifts, and macroeconomic factors. The volatility that has become synonymous with the crypto landscape has impacted tokens across the spectrum, including well-established ones.<\/span><\/p>\n

This backdrop of uncertainty has resulted in heightened caution among investors. The fear of further price drops, according to a recent <\/span>PEPE price analysis<\/span><\/a>, prompts them to liquidate their holdings preemptively, even when metrics like NPL seem favorable. This collective behavior contributes to the sustained selling pressure observed in tokens like PEPE, despite signs that might hint at a price recovery.<\/span><\/p>\n

<\/p>\n

The market cap of cryptocurrencies reached $1.12 trillion today. Chart: TradingView.com<\/a><\/pre>\n

PEPE And Meme Coins: The Road Ahead<\/strong><\/h3>\n

While the dip in PEPE’s NPL initially raised hopes of a price bottom, a meticulous analysis uncovers the underlying challenges that continue to suppress the token’s recovery. The on-chain data reflects a consistent trend of token holders selling, which overshadows the potential for an immediate price rebound. <\/span>Moreover, the broader struggles of the crypto market<\/a> further exacerbate the situation, making it crucial for investors to manage their expectations.<\/p>\n

Related Reading: Bone ShibaSwap Among Weekend 100 Biggest Hitters With 25% Rally<\/a><\/div>\n

While metrics like NPL provide insights, they must be viewed within the larger context of market dynamics. Only by taking a holistic approach and considering multiple factors can investors make informed decisions that mitigate risks and capitalize on opportunities in this highly volatile environment.<\/span><\/p>\n

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n

Featured image from Earth.com<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In the realm of meme coins, PEPE’s Network Realized Profit\/Loss (NPL) metric has emerged as a critical barometer, shedding light on price trends within the cryptocurrency landscape. This metric has now indicated a glimmer of a price floor for the frog-themed token that has been facing its fair share of challenges. As a result, a ray of positivity has dawned upon numerous investors who have been expecting a much-needed rebound, following a prolonged period of decline within the meme coins arena. However, a more meticulous analysis of the situation unveils a contrasting reality, suggesting that the token’s woes might be far from over. At first glance, the dip in PEPE’s NPL metric appeared to be an encouraging sign. Historically, a significant drop in this metric has often coincided with a price bottom in many cryptocurrencies.\u00a0 \u00a0PEPE NPL metric on the downward trend. Source: Santiment.\u00a0 Related Reading: Shiba Inu: More Bite Than Bark Over The Weekend With Over 15% Jump PEPE\u2019s Misleading NPL Dip Conceals Ongoing Selling Pressure The recent uptick in PEPE’s 24-hour performance, with a 1.7% rally, seemed to lend credence to this belief. Nevertheless, deeper scrutiny of on-chain data reveals a less optimistic picture. While the NPL suggested a potential price floor, the broader on-chain performance of PEPE contradicts this notion. The token has experienced consistent and sustained selling pressure. PEPE seven-day slump. Source: Coingecko Holders have continued to offload their tokens including meme coins, thwarting the possibility of a substantial price rebound. The 9.1% seven-day slump underscores the persistent challenges PEPE faces, casting doubt on the immediate potential for recovery. Insights From The Broader Crypto Market Struggle PEPE’s struggle is not occurring in isolation. The wider cryptocurrency market has been grappling with a plethora of challenges, including regulatory uncertainties, market sentiment shifts, and macroeconomic factors. The volatility that has become synonymous with the crypto landscape has impacted tokens across the spectrum, including well-established ones. This backdrop of uncertainty has resulted in heightened caution among investors. The fear of further price drops, according to a recent PEPE price analysis, prompts them to liquidate their holdings preemptively, even when metrics like NPL seem favorable. This collective behavior contributes to the sustained selling pressure observed in tokens like PEPE, despite signs that might hint at a price recovery. The market cap of cryptocurrencies reached $1.12 trillion today. Chart: TradingView.com PEPE And Meme Coins: The Road Ahead While the dip in PEPE’s NPL initially raised hopes of a price bottom, a meticulous analysis uncovers the underlying challenges that continue to suppress the token’s recovery. The on-chain data reflects a consistent trend of token holders selling, which overshadows the potential for an immediate price rebound. Moreover, the broader struggles of the crypto market further exacerbate the situation, making it crucial for investors to manage their expectations. Related Reading: Bone ShibaSwap Among Weekend 100 Biggest Hitters With 25% Rally While metrics like NPL provide insights, they must be viewed within the larger context of market dynamics. Only by taking a holistic approach and considering multiple factors can investors make informed decisions that mitigate risks and capitalize on opportunities in this highly volatile environment. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Earth.com<\/p>\n","protected":false},"author":557,"featured_media":546003,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,3],"tags":[1144,8686,83767,88215,4735],"class_list":["post-545985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-pepe-price","tag-price-action"],"acf":[],"yoast_head":"\nPEPE's Future: Will Prices Of Meme Coins Continue To Drop?<\/title>\n<meta name=\"description\" content=\"In the realm of meme coins, PEPE's Network Realized Profit\/Loss (NPL) metric has emerged as a critical barometer, shedding light on price trends within\" \/>\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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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"PEPE’s Future: Will Prices Of Meme Coins Continue To Drop?","url":"http:\/\/uniquehot.com\/news\/will-meme-coins-continue-to-drop\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/will-meme-coins-continue-to-drop\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/a-22.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/a-22.png?fit=765%2C377"},"articleSection":"All","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethusd","meme coins","pepe price","price action"],"dateCreated":"2023-08-07T09:05:02Z","datePublished":"2023-08-07T09:05:02Z","dateModified":"2024-06-11T08:58:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"PEPE’s Future: Will Prices Of Meme Coins Continue To Drop?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/will-meme-coins-continue-to-drop\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/will-meme-coins-continue-to-drop\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-22.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-22.png?fit=765%2C377\"},\"articleSection\":\"All\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethusd\",\"meme coins\",\"pepe price\",\"price action\"],\"dateCreated\":\"2023-08-07T09:05:02Z\",\"datePublished\":\"2023-08-07T09:05:02Z\",\"dateModified\":\"2024-06-11T08:58:53Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/a-22.png?fit=765%2C377","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/545985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=545985"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/545985\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/546003"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=545985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=545985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=545985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}