Memecoin

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-reap-profits-from-memecoin-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Reap Profits from Memecoin Surge</a><br></p>
<p style="text-align: justify">On-chain <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> has revealed that over 96% of investors have benefited from a notable increase in the value of a <a href="https://en.bitcoinhaber.net/expert-forecasts-major-breakout-for-undervalued-altcoins" data-wpel-link="internal" rel="noopener noreferrer nofollow">memecoin</a> last week, prompting further scrutiny of the role of meme coins in the market.</p>
<h2 id="what-does-the-pepe-coin-chart-indicate">What Does the PEPE Coin Chart Indicate?</h2>
<p style="text-align: justify">A cryptocurrency enthusiast known as Vicakdo recently posted on X, highlighting that a significant number of PEPE investors are currently sitting on substantial unrealized gains. The discussion centered around IntoTheBlock’s “Global In/Out of the Money” indicator, which tracks the historical purchase prices of the cryptocurrency across various addresses.</p>
<p style="text-align: justify">According to the chart, there are three categories indicating whether PEPE investors are in profit, neutral, or loss. The size of the dots on the chart conveys the number of addresses that bought PEPE at different price ranges. Notably, the largest dots are positioned behind PEPE’s current spot price, suggesting that most investors are profitable.</p>
<h2 id="why-do-profit-and-loss-turnarounds-matter">Why Do Profit and Loss Turnarounds Matter?</h2>
<p style="text-align: justify">Delving deeper, 96.36% of all PEPE investors are currently in profit, with only 10 addresses at a net loss, a negligible figure compared to the 236,320 addresses in profit. The remaining investors are also nearing profitability, which could lead to the price testing the common average cost basis soon.</p>
<p style="text-align: justify">When prices approach this cost basis, it could prompt profit and loss turnarounds, driving investors to consider selling. Loss-making investors might seek to exit at their breakeven points, while profit-seeking investors may view a return to the neutral level as a buying opportunity and potential support level.</p>
<h2 id="concrete-investor-insights">Concrete Investor Insights</h2>
<p style="text-align: justify">Key takeaways for investors include:</p>
<ul>
 <li>Monitoring the cost basis test could indicate potential selling or buying opportunities.</li>
 <li>Investors at a net loss might look for exit points at breakeven levels.</li>
 <li>Profit-oriented investors may consider neutral price levels as support and buying zones.</li>
</ul>
<p style="text-align: justify">These insights can help investors make strategic decisions based on price movements and <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market conditions</a>.</p>
<h2 id="how-much-is-pepe-worth">How Much is PEPE Worth?</h2>
<p style="text-align: justify">At the time of writing, PEPE was trading at $0.00001695, reflecting a 3% increase over the past 24 hours. Over the last week, PEPE has risen by 51%, and it has provided investors with a 134% gain over the past 30 days, leading to considerable satisfaction among its holders.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-reap-profits-from-memecoin-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Reap Profits from Memecoin Surge</a></h5>

Investors Reap Profits from Memecoin Surge

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