Category: Cryptocurrency News

PEPE, the amphibian-themed token that kickstarted the meme coin season in April this year, remains a subject of both fascination and volatility within the cryptocurrency landscape. Its journey, marked by highs and lows, offers insights into the evolving dynamics of this speculative market. In a surprising turn of events, the meme coin arena witnessed a significant exchange of millions of SHIB and BONE tokens for PEPE, shortly after the successful launch of Shibarium’s mainnet.  A notable whale, identified by Lookonchain as per a PEPE price analysis data cited in a new analysis shifted its holdings from SHIB and sister-token BoneShibaSwap to PEPE, raising eyebrows in the crypto community.  Related Reading: PayPal And The Crypto Conundrum: Understanding The UK Sales Suspension The whale’s move, which included a substantial deposit of 143 billion SHIB into Binance, hints at a potential strategy shift and a “buy the rumor, sell the news” approach that seems to favor PEPE at the expense of SHIB. PEPE Coin price action today. Source: Coingecko However, PEPE’s recent price performance has been on a rollercoaster ride. The current price of $0.00000110, as reported by CoinGecko, reflects an 8% slump in the last 24 hours and a 12% decline over the past seven days. This stark fluctuation highlights the inherent volatility of meme coins, where sudden shifts in sentiment can lead to rapid price movements. PEPE Social Volume, Holder Numbers Paint A Complex Picture The report’s analysis reveals an intricate pattern in PEPE’s social volume over the past month. The coin’s popularity has swung back and forth, indicating days of heightened interest juxtaposed with relative indifference.  However, in the face of this up-and-down pattern, a notable trend emerged – the rise in the number of PEPE holders. Currently, the coin boasts a total of 137,000 holders, underscoring a dedicated community that remains engaged despite the market’s unpredictable nature. PEPE total amount of holders. Source: Santiment. The Quest For New Meme Coins On DEXes In the wake of PEPE’s price correction, traders have turned their attention to emerging meme coins on Decentralized Exchanges. The allure of new low market cap cryptocurrencies lies in their potential for exponential gains before even making their way to Centralized Exchanges. These gains are often followed by retracements, as shorting opportunities become available post-listing. PEPE is currently trading at $0.0000010965. Chart by TradingView.com A stand-out example post-PEPE’s correction is HarryPotterObamaSonic10Inu (BITCOIN), a meme coin that has secured a consistent spot among the top 10 trending cryptocurrencies on DEXTools. Its journey underscores the dynamic nature of meme coin investments, as traders seek the next opportunity to ride the wave of speculative enthusiasm. Related Reading: LUNC Sheds 13% Of Its Value – A Further Retreat In The Offing? In the world of meme coins, PEPE’s story mirrors the wider crypto market’s blend of excitement, uncertainty, and the continuous pursuit of the next big opportunity. (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 Benzinga

A community member has argued that FTX’s BIT tokens should not be automatically converted because of disqualifying factors.

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The company provides two enterprise chatbot solutions, Cogent and Cora, which are tailored for diverse applications.

In a significant move signaling the growing importance of Central Bank Digital Currencies (CBDCs) in global financial systems, Mastercard has announced a strategic partnership with several blockchain companies, including Ripple. Meanwhile, the XRP price took a nosedive in the past 24 hours, falling 14.3% amidst the marketwide downturn. Ripple Partners With Mastercard Unveiling its CBDC Partner Program, Mastercard emphasized its intent to work with leading figures in the CBDC ecosystem. The objective: to offer central banks a comprehensive understanding of CBDCs and their potential for redefining the future monetary systems. Ripple, recognized as a “CBDC platform” in Mastercard’s media release, stands at the forefront of this ambitious initiative. “The inaugural set of partners includes CBDC platform Ripple, blockchain and Web3 software company Consensys, multi-CBDC and tokenized assets solution provider Fluency, digital identity technology provider Idemia, digital identity consultant Consult Hyperion, security technology group Giesecke+Devrient and digital asset operations platform Fireblocks,” Mastercard detailed in its announcement. Related Reading: Institutional XRP Holdings Rise Rapidly Following Ripple’s Win Over SEC Ripple’s recent accomplishments, such as the partnership with the Republic of Palau, which resulted in the launch of a government-issued stablecoin, further reinforce its position as a key player in the CBDC arena. Mastercard highlighted this collaboration as a testimony to Ripple’s capabilities, stating, “Ripple’s launch of an inaugural government-issued national stablecoin in collaboration with the Republic of Palau, in addition to work on four CBDC pilots.” Commenting on this collaboration, Mastercard’s CEO, Michael Miebach, stated, “We’re partnering with several central banks to help them research new digital currencies projects. It starts with understanding what they want to achieve with this technology, then building in transparency, consumer privacy and stability. We’re working toward those goals with a new #CBDC partner program, with Mastercard teaming up with a handful of key blockchain/Web3/payments players so we can learn from each other.” In response, Antony Welfare, CBDC advisor at Ripple, shared his enthusiasm, noting, “Excited to be working with Mastercard on #DigitalCurrency and CBDC projects.” Related Reading: Best-Selling Author Touts Buy XRP Now, But This Price Is Crucial Ripple’s involvement in the CBDC Partner Program is yet another testament to its growing influence in the domain. The company has already marked its presence with partnerships spanning nations like Montenegro, Hong Kong, Colombia, and Bhutan. XRP Price Crashes To Pre-SEC Ruling Levels Amid the downturn in the crypto market, the XRP price has fallen to a crucial level. XRP briefly fell to $0.4347, below the price level before the summary judgment in the legal battle between Ripple and the US Securities and Exchange Commission (SEC). At the time of writing, XRP was trading at $0.5048, below the 200-day EMA at $0.5251. In a recovery rally, this should be the first target for XRP bulls before the 23.6% Fibonacci level at $0.5524 comes into focus. On the downside, XRP should defend yesterday’s low at $0.43 at all costs. Otherwise, a crash towards $0.41 could loom. Featured image from Yahoo Finance, chart from TradingView.com

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