PEPE memecoin’s short-term price direction will depend on multiple factors.PEPE-1-1200x675.webp PEPE’s derivative data hinted at hike in traders’ optimism, but a break above $0.00000780 is necessary for a significant price rally While short-term technical indicators flashed ‘buy’, PEPE’s long-term bullish momentum remains questionable Popular memecoin PEPE may be poised for a bullish rally on the back of renewed trader optimism in the speculative memecoin market. With multiple Break of Structure (BOS) and Change of Character (CHoCH) confirmations, PEPE is now eyeing a break above a key resistance level.
In fact, the memecoin’s price surged by 5.02%, with its trading volume gaining by 39.88% in the last 24 hours too. Hence, the question – Is PEPE ready for a bull rally?
BTC & Altcoins Pump Hard Amid Trump’s Crypto Reserve Backing
The crypto market today (March 3) has reignited bullish sentiments among traders and investors globally. Bitcoin (BTC) price tapped a $95K high intraday, whereas Ethereum (ETH), Solana (SOL), & XRP prices gained 9%-25%. Notably, the broader bullish action comes amid U.S. President Donald Trump’s recent backing for a strategic crypto reserve that includes XRP, SOL, and ADA.
Crypto Market Today: BTC, ETH, XRP, & SOL Jump Amid Trump’s Crypto Reserve Saga The global crypto market cap rose substantially by over 8% in the past 24 hours, regaining a break above $3 trillion. Further, the total market volume also skyshot 141% over the past day, reaching $185.95 billion.
Intriguingly, the broader market shows bullish actions primarily as the pro-crypto president is backing a crypto reserve in the U.S. As per a recent Forbes report, a crypto strategic reserve that includes XRP, SOL, and ADA is eagerly awaited nationwide, as indicated by Trump. Notably, this event emerged as potential buy-the-dip news for investors.
BTC Touches $95K High As of press time, BTC price gained over 8% and exchanged hands at $92,759. The flagship coin hit a 24-hour low and high of $85,040.21 and $95,043.44 in the past 24 hours. Notably, BTC futures OI surged 7% to $54.74 billion today, signaling renewed market interest in the coin that triggered a bullish action. Nevertheless, Bitcoin’s dominance was down by 0.3% over the day, indicating altcoins gained harder.
ETH Price Jumps 10% ETH price soared over 10% in the past 24 hours and closed in at $2,446. The coin hit a bottom and peak of $2,175.32 and $2,548.81 in the past 24 hours. Ethereum rises alongside a 6% surge in its futures OI to $21.17 billion, underscoring rising market interest. Nevertheless, Ethereum’s market dominance remained down to 9.6%.
XRP Price Shoots Up 24% Ripple’s XRP led the broader market gains today, rallying 24% to $2.79. The coin’s intraday low and high were $2.23 and $2.97, respectively. XRP futures OI soared 38%
XRP faces resistance at $2.4 – Will bulls overcome the barrier?
XRP could perform well in the event of a Bitcoin rebound, since selling pressure has been lesser.
A bounce to $2.4 was likely in the short term, and continued gains would flip short-term bias bullishly.
Ripple [XRP] exhibited strength against Ethereum [ETH], the foremost among altcoins by market cap. CoinMarketCap data showed that XRP has gained 5.57% in 24 hours, compared to ETH’s 2.25%.
Even otherwise, ETH has erased all its gains following the US Presidential election, while XRP was still up by 351% from the 4th of November’s low. Can XRP recover after the retest of the $2 support?$XRP
Ripple Unlocks 1B XRP in First Escrow Release After XRP Enters US Strategic Reserve
Ripple has unlocked the customary 1 billion XRP in its first escrow release after the U.S. government’s inclusion of XRP in a strategic reserve.
As highlighted by on-chain tracking resource Whale Alert, Ripple observed the recent escrow release across three uneven transactions earlier this morning. The development came a few hours after the U.S. government confirmed that it plans to add XRP in its strategic crypto reserve.
Ripple Re-locks 700M XRP Before Receiving 1B from Escrow Notably, the first transaction involved the release of 100 million XRP worth $279.8 million at the time to the Ripple address ‘rGK…Bdh’ today at 2:37 UTC. Eight minutes later, the escrow system released an additional 400 million XRP worth $1.12 billion to the same Ripple address. This brought the unlocked tokens to 500 million XRP.
Average True Range (ATR) of the Ethereum Name Service: ENS Volatility
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
On October 29, 2024, the ATR for ENS was 1.39, indicating low volatility. Divided by the ENS price, the ATR is 0.08.images (73).jpeg
Doge and Dogecoin: Elon Musk’s Manipulation Accusations Resurface Billionaire X owner Elon Musk posted a meme about Doge on Tuesday, November 26. Although he directly referenced the new US Department of Government Efficiency, the meme coin Dogecoin also saw a brief spike following the post.
Many are wondering: Is Elon Musk deliberately trying to drive up the price of DOGE through these seemingly unrelated tweets? A recent class action lawsuit against him directly addressed this possibility.
Elon Musk and DOGE To date, there appears to be a clear correlation between Dogecoin (DOGE), the first meme coin, and billionaire Elon Musk’s social media activity. Earlier this week, DOGE briefly began to decline until Musk posted a meme on his social media platform.
This meme directly referred to Musk’s Department of Government Efficiency (D.O.G.E.) and not the crypto token, but the latter’s value increased nonetheless.
This DOGE price increase proved to be short-lived, however, but it still showed a notable correlation with the billionaire’s activities. This raises the obvious question: was Elon Musk deliberately trying to boost DOGE?
On several occasions recently, the value of this meme coin has increased after Musk’s social media posts. In September, he shared a post about D.O.G.E., which also boosted the crypto, although it is not technically related to this newly created government department.
Ultimately, it is impossible to fully understand Elon Musk’s intentions with his post. Recently, all of the billionaire’s statements related to Doge have referred to his political project and not the crypto asset.If he was primarily trying to increase the value of the same coin, it is not a success.
pushingSolana (SOL) has gained nearly 3% in the current session as markets recover from a tough few days that saw prices fall significantly. After posting significant gains last week, SOL lost momentum at $220, with the 50-day simple moving average coming into play as a dynamic resistance level. SOL moved above the 20-day simple moving average and $200 on Thursday, posting a gain of more than 7% to settle at $208. Buyers maintained control on Friday, pushing SOL nearly 5% to $217. However, it lost momentum over the weekend, falling 0.56% on Saturday and 1.52% on Sunday to settle at $213.
Ripple (XRP) witnessed a substantial increase in value between November and mid-December, as it surged to a recent high of $2.83. Many expect XRP to continue its upward trajectory thanks to legal successes and growing interest in blockchain solutions. Gary Gensler’s impending resignation has also boosted sentiment around the asset. XRP was quite bullish last week but has lost momentum this week after failing to go beyond key resistance levels.
The price went above the 20-day SMA on Wednesday, registering an increase of almost 12% and moving to $2.32. Buyers retained control on Thursday and Friday as XRP rose by 3.03% and 2.21% to settle at $2.45. However, it lost momentum over the weekend, dropping 1.35% on Saturday and almost 1% on Sunday to settle at $2.39. The current week began with XRP registering an increase of 0.42% and moving to $2.42. However, with markets turning bearish on Tuesday, XRP fell over 6% to $2.27. unnamed - 2025-01-10T221614.482.png The price recovered on Wednesday, thanks to the 20-day SMA acting as a dynamic support level, and rose 4.48% to $2.37. However, it was back in the red on Thursday, dropping just over 4% to $2.27. The current session sees XRP up almost 2% as buyers look to retest the resistance around $2.40.
North Korean Hackers Use New Methods to Empty Your Crypto Wallets
Lazarus, a North Korean hacker group, has recently developed new methods. Cybersecurity giant Kaspersky has revealed a sophisticated malware campaign carried out by the group. Lazarus exploited a zero-day vulnerability in Google Chrome A zero-day vulnerability is a vulnerability that hackers exploit before developers have time to fix the problem. This is the type of vulnerability that Lazarus, a North Korean hacker group, allegedly exploited in Google Chrome itself. Following the attack, global cybersecurity giant Kaspersky revealed that the group’s campaign included social engineering and generative AI techniques targeting cryptocurrency investors.
Avalanche throws his card. As part of this ambition, it recently presented a major initiative: the Avalanche Card, a Visa card allowing its users to make crypto payments on a daily basis. What is the objective of the Avalanche Foundation? Revealed on 21 October, the Avalanche Visa card marks a significant turning point in the evolution of cryptocurrencies. It is located at the intersection of the traditional payment system and the decentralized economy. According to the information disclosed during this announcement, the Avalanche Foundation aims to create a new financial infrastructure on a global scale, faster, more decentralized and especially accessible to all. Avalanche's choice to launch its card in Latin America and the Caribbean is not insignificant. In these regions where economic instability and banking difficulties are common, cryptocurrency appears to be a real breath of fresh air. Avalanche understands the opportunities presented in this area and believes that immense potential exists for a more flexible payment solution, less dependent on traditional banking institutions. Although some countries like Cuba, Venezuela or Russia are excluded due to sanctions, the card could represent a real upheaval for others. It is indeed of a tool capable of simplifying the daily lives of millions of people by offering them an easy way to use their cryptos every day. In short, this launch constitutes a large-scale test which will make it possible to assess the attractiveness of the card, while representing a springboard towards global expansion. $AVAX
The hidden face of crypto in France — Build in public at cube3
Through this unique series, follow the daily life of 15 entrepreneurs who all want to become the next Unicorn in their field. How will they do it? Find out through one episode per month of this series called Build in public, which shows the behind the scenes of their decisions, for better or for worse. Today, they discover the significant cost of regulation in Europe, with the arrival of the MiCA regulation.
Solana Continues to Rise as Market Weakens: Should You Jump on the Bandwagon?
While most major cryptocurrencies have been losing ground in recent days, with Bitcoin touching the $67,000 threshold at the time of writing (after peaking at $69,400), Solana is clearly the exception. SOL/USD has indeed peaked at nearly… $SOL #Crypto_Currency_News#All_News
Bitcoin (BTC) Drops Below 67,000 USDT with a 3.42% Drop in 24 Hours On October 22, 2024 at 00:28 (UTC), according to Binance Market Data, Bitcoin has dropped below 67,000 USDT and is now trading at 66,666 USDT, with a reduced 3.42% drop in 24 hours.
Hacking of Mbappé's X Account Wreaks Havoc in the Crypto World! 🚀💥 The token madness continues! Kylian Mbappé's X account hacked and $200,000 won in a flash! ⚡️ The famous footballer Kylian Mbappé, recently transferred to Real Madrid, was the target of a spectacular hack of his X account. The hackers took advantage of the situation to create a fictitious token called MBAPPE, which had no real link with the football star. In record time, an informed investor spent barely 2 SOL on this token, but saw his investment rise to 1398 SOL, or approximately $200,000, before the token was withdrawn from the market! Additionally, another investor lost big: he purchased 1 million units of the MBAPPE token for a total of 7156 SOL, suffering a drastic depreciation of the initial value. This year 2024 is notable for an explosion of meme coins, notably those operated on Solana, with tokens like WIF, BONK and BOME in the lead. The Solana blockchain continues to attract enormous attention with an avalanche of new tokens. But be careful, some are traps. But be careful, quick wins = quick losses or even SCAMS!
Justin Sun Comes to Support Telegram CEO with $1 Million Pledge Justin Sun, the founder of the Tron blockchain, has suggested the creation of a decentralized autonomous organization (DAO) to defend Telegram CEO Pavel Durov, who was arrested over the weekend. Justin Sun has promised to allocate $1 million to support this new entity, and to free the Franco-Russian computer scientist.