Pepe [PEPE] is currently trading at approximately $0.000000900 and is undergoing a challenging period. The Relative Strength Index (RSI) is currently at 43.80, which is just below the neutral line. This implies that sellers currently possess a minor advantage.
Some investors are apprehensive due to the downward trend of the price. Although PEPE has experienced significant price increases in the past, recent metrics suggest that momentum is diminishing.
It is interesting that the number of holders is consistently increasing, despite the obstacles. This expanding base, which is now approaching 296,000, indicates that a devoted community continues to support the token.
Even if participation has dropped, it is clear that many investors are still committed to the popular meme coin and have future hope. The declining trade activity has raised some questions, though.
PEPE market cap currently at $3.7 billion. Chart:
Active Addresses On The Retreat
Active addresses that the PEPE network has seen have dropped significantly, ; today they count roughly 13.5k. From peak levels recorded earlier this year, this translates to a decline.
Lower active numbers of users would typically denote reduced trading volumes and hence decreased liquidity levels. Perhaps, this might indicate that euphoria regarding the memecoin market in the earlier stages is fading away slowly.
PEPE active addresses down. Source:
The niche seekers probably are on a lookout for something new within such a developing memecoin territory. If the same continues then PEPE could struggle to regain its vibrancy.
The more cautious sentiment among traders is evident in the subdued price action. Perhaps as a result of the general market’s uncertainty, certain investors appear to be waiting on the periphery. If the price remains under pressure, it is possible that the coin will experience additional declines before it establishes a strong foundation.
PEPE total number of holders. Source:
Glimmer Of Hope For PEPE
Despite the challenges in engagement and the weakness in price, there are rays of hope for PEPE. In the coming three months, analysts expect more than a 200% increase which is a positive indicator of upside potential.
PEPE price seen goin up in the coming weeks. Source:
CoinCheckup forecasts that in the next month PEPE could be trading than its current price. This can be an appropriate time to invest in the asset. The experts are of the opinion that the upcoming months will accrue the investor a total of 165% profits.
Nonetheless, in the face of these difficulties, the future developments seem promising and PEPE will soar to $0.00044 by 2026, which may cause renewed interest in the sector as a whole.
Featured image from Vanity Fair, chart from TradingView
They say journalists never truly clock out. 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.
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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 – 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’ 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 – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
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