Dogecoin

Memetic / PepeCoin

Shiba Inu

<h2 id="header-0"><strong>ChikaMoji Memecoin Launched Airdrop: Claim Instant 100,000 CHIKA Tokens Worth $100 USDT, Claim Airdrop At<a href="https://www.chikamoji.lol/" rel="noopener noreferrer nofollow"> WWW.ChikaMoji.LOL</a></strong></h2><p><strong>PEPE has seen a significant boost despite the overall bearish trends in the crypto market. Interest in PEPE has surged notably following the approval of the spot Ethereum ETF.</strong></p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/00fb4489732f4756adab6573b4788740.png" /></p><p>According to CoinMarketCap, PEPE’s price increased by 6% and its trading volume rose by 40% on July 24th.</p><h3 id="pepe-surges-amid-market-bearishness-and-spot-ethereum-etf-approval">PEPE Surges Amid Market Bearishness and Spot Ethereum ETF Approval</h3><p>Amidst the prevailing bearish sentiment in the cryptocurrency market, PEPE, an Ethereum-based altcoin, has stood out for its resilience. The recent approval of the spot Ethereum Exchange-Traded Fund (ETF) and a significant $107 million inflow into these funds have piqued investor interest in PEPE. This newfound attention has led to a notable price surge and a substantial increase in trading volume, reflecting growing investor confidence.</p><p>Research <a href="https://cryptosheadlines.com/crypto-analyst-predicts-pepe-pepe-surge-in-memecoin-momentum/" rel="noopener noreferrer nofollow">analysts predict a positive outlook for PEPE</a>, drawing on historical trends where the altcoin has typically experienced significant rallies following periods of consolidation. Coinglass data reveals a 10% rise in PEPE’s open interest over the last 24 hours, reinforcing the bullish sentiment. This increased participation and optimism among investors suggest that the upward trend may continue.</p><p>The <a href="https://cryptosheadlines.com/spot-ethereum-etf-approval-could-boost-crypto-market/" rel="noopener noreferrer nofollow">spot Ethereum ETF’s approval has notably impacted the market</a>, benefiting PEPE and other Ether-based tokens. Since the SEC’s announcement on May 23, 2024, there has been a marked accumulation of PEPE by whales and large investors. This trend is expected to persist, <a href="https://cryptosheadlines.com/coinbase-plans-polkadot-etf-potential-dot-price-boost/" rel="noopener noreferrer nofollow">potentially driving further price increases as the ETF</a> becomes fully operational.</p><h3 id="pepe-gains-traction-as-bullish-sentiment-rises-amid-market-struggles">PEPE Gains Traction as Bullish Sentiment Rises Amid Market Struggles</h3><p>Coinglass data reveals a significant shift in market dynamics, with long positions in PEPE increasingly outnumbering short positions. This trend indicates that bears are becoming exhausted and highlights a <a href="https://cryptosheadlines.com/bitcoins-resilience-shines-as-it-holds-ground-reclaiming-27k-strengthens-bullish-outlook/" rel="noopener noreferrer nofollow">strengthening bullish outlook</a> for the altcoin. Such a shift is a clear sign of growing investor optimism, which could further drive PEPE’s price growth.</p><p><a href="https://cryptosheadlines.com/bitcoin-set-to-grow-as-sales-pressure-decreases-and-market-factors-favor-uptrend/" rel="noopener noreferrer nofollow">Also Read:   Bitcoin Set to Grow as Sales Pressure Decreases and Market Factors Favor Uptrend</a></p><p>While PEPE is experiencing notable gains, other prominent meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Floki (FLOKI) have struggled to maintain momentum. CoinMarketCap reports a modest decline in their prices over the past 24 hours, with DOGE, SHIB, and FLOKI dropping by 1.2%, 0.8%, and 1.1%, respectively. Major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) have also seen slight decreases in value.</p><p>In summary, PEPE’s recent performance amid a bearish market offers a promising outlook for its investors. The surge in trading volume and price, driven by the Ethereum ETF approval, reflects robust market confidence. As long positions continue to outweigh short ones, PEPE appears well-positioned for further growth. Investors should monitor market trends and historical patterns that suggest ongoing bullish behavior for this altcoin.</p><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</p>

PEPE Tops Altcoins with 6% Price Jump

Table of Contents

CryptosHeadlines.com

Other articles published on Jul 25, 2024

Floki Announces Valhalla Sponsorship for India’s Tour of Sri Lanka, Targeting 220M Viewers

Hamilton Lane With $900B AUM Unveils SCOPE Fund on Solana

FATTY Token Quiz Event: Earn Roles and XP on Zealy

Marathon Digital Purchases $100M worth of Bitcoin, Adopts Full HODL Strategy

Solana's Solend Rebrands to Save and Launches Dumpy.fun for Shorting Memecoins

Mt. Gox Users Report Surge in Unauthorized Login Attempts

Join our free newsletter for daily crypto updates!