Memecoins
PEPE Triggers Historic Liquidations, Surprises Investors
Mon Jul 08 2024 ▪ 3 min read ▪ by Mikaia A.
The recent fall of memecoins has not spared PEPE, a striking example of extreme volatility. Despite the bearish trend, some of these cryptocurrencies manage to bounce back unexpectedly, leaving investors perplexed. While traders struggle with unpredictable fluctuations, some large holders continue to bet on a future revival of famous memecoins like PEPE.
Cryptocurrencies: Massive Liquidations and Unexpected Opportunities – PEPE Comes Out of the Water
Recently, the announcement of the transfer of billions of dollars in bitcoins to cryptocurrency exchanges has impacted the cryptocurrency market. Among the hardest hit is Pepe Coin (PEPE), a memecoin whose Volatility continues to surprise.
However, something strange happened recently. In one day, The price of PEPE increased by 9%, leading to a historic liquidation of 17 million dollars for traders betting on its decline.
These mass liquidations show that despite pessimistic predictions, Some whales remain confident and continue to accumulate this memecoin.
In three weeks, they have amassed more than 1,000 billion PEPE, firmly believing in a future rebound of this crypto meme.
The memecoin market is a roller coaster. Institutional and individual investors suffer significant lossesBut large holders, on the other hand, are taking advantage of the volatility to buy at reduced prices.
This is the paradox of these cryptos: while some see them as financial abysses, others perceive them attractive investment opportunities.
This dynamic highlights the speculative nature of memecoins and the importance of understanding the risks before entering this unpredictable market.
Memecoins: between dizzying falls and bullish surprises
Memecoins like PEPE have been on a roller coaster ride, with unexpected rises followed by sharp falls. After losing its upward trend in mid-April (And again in mid-May), PEPE went from $0.00001146 to $0.00000889.
However, the recent green candle suggests a possible recovery. If PEPE manages to rise above $0.00001000 again, an increase to $0.00001146 could compensate for recent losses.
Forecasts indicate that if this threshold fails, a further decline to $0.0000775 is likely, followed by consolidation below $0.00001000. This situation highlights the fragility of the bullish thesis for PEPE.
The history of memecoins is full of twists and turns and surprises. Investors must remain vigilant and ready to react quickly to market developments. fluctuations.
The future of these cryptocurrencies is uncertain, but their ability to surprise should never be underestimated. The resilience of memecoins like PEPE, DOGE, and SHIB proves that they can bounce back even after spectacular drops, but risks remain ever-present.
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Mikaïa A.
The blockchain and crypto revolution is underway! And the day the impacts will be felt on the most vulnerable economy in this World, against all hope, I will say that I had something to do with it
DISCLAIMER
The views, thoughts and opinions expressed in this article are solely those of the author and should not be considered investment advice. Do your own research before making any investment decision.