","button_title":"Play-to-Earn Game List","span_one":"No obligations","span_two":"Free to use"}},"header":{"homepage":"Homepage","Game Reviews":"Game Reviews","Game List":"Game List","Developers":"Developers","Developer List":"Developer List","Gaming News":"Gaming News","search":"Search","local":"en","Popular P2E Developers":"Popular P2E Developers","Play To Earn Games":"Play To Earn Games","P2E Games":"P2E Games","Crypto Games":"Crypto Games","Web3 Games":"Web3 Games"},"meta":{"title":"Games to Earn, Blockchain, NFT, P2E Games List","description":"Play hundreds of games! Games to Earn, P2E, Blockchain, NFT, Crypto, Web3 Games. Read game reviews and start playing right away. Play now!","ogType":"article","keywords":"NFT Games, Crypto Games, Earning Games, Earning Games, Blockchain Games, P2E Games"}}},"initialLocale":"en","ns":["news_letter","singleNews","singleGame","footer","common","header","meta"],"userConfig":{"i18n":{"locales":["en","hi","fr","es","de","pt","nl","tr"],"localeDetection":false,"defaultLocale":"en","domains":[{"domain":"playtoearngames.com","defaultLocale":"en"},{"domain":"hi.playtoearngames.com","defaultLocale":"hi","locales":["hi-IN"]},{"domain":"fr.playtoearngames.com","defaultLocale":"fr","locales":["fr-BE","fr-CA"]},{"domain":"es.playtoearngames.com","defaultLocale":"es","locales":["es-GT","es-MX"]},{"domain":"pt.playtoearngames.com","defaultLocale":"pt","locales":["pt-BR"]},{"domain":"de.playtoearngames.com","defaultLocale":"de","locales":["de","de-DE","de-AT","de-CH"]},{"domain":"nl.playtoearngames.com","defaultLocale":"nl","locales":["nl-BE"]},{"domain":"tr.playtoearngames.com","defaultLocale":"tr"}]},"trailingSlash":true,"default":{"i18n":{"locales":["en","hi","fr","es","de","pt","nl","tr"],"localeDetection":false,"defaultLocale":"en","domains":[{"domain":"playtoearngames.com","defaultLocale":"en"},{"domain":"hi.playtoearngames.com","defaultLocale":"hi","locales":["hi-IN"]},{"domain":"fr.playtoearngames.com","defaultLocale":"fr","locales":["fr-BE","fr-CA"]},{"domain":"es.playtoearngames.com","defaultLocale":"es","locales":["es-GT","es-MX"]},{"domain":"pt.playtoearngames.com","defaultLocale":"pt","locales":["pt-BR"]},{"domain":"de.playtoearngames.com","defaultLocale":"de","locales":["de","de-DE","de-AT","de-CH"]},{"domain":"nl.playtoearngames.com","defaultLocale":"nl","locales":["nl-BE"]},{"domain":"tr.playtoearngames.com","defaultLocale":"tr"}]},"trailingSlash":true}}}}Will PEPE's Price Floor Crumble? The Critical $0.000006931 Level Tested - Play to Earn Games News
Will PEPE's Price Floor Crumble? The Critical $0.000006931 Level Tested
Reinout te Brake | 16 Aug 2024 18:05 UTC
As we dive deep into the volatile world of cryptocurrency, it becomes increasingly clear that meme coins have carved out a niche that resonates with both seasoned and novice traders. Among these, pepe, a frog-themed memecoin, has recently been making headlines for its rather turbulent journey in the digital currency market. This past week, pepe has seen its value wane significantly, more than 16% to be exact, reflecting a bearish sentiment that seems to permeate across the meme coin sector. As trading activities continued, the pepetoken dipped over 12%, establishing itself as the day's top loser among its peers. This decline impacted its market capitalization as well, which now hovers around $2.939 billion.
The somber trend within the meme coin market has seen a 5.98% reduction, bringing the total market cap down to $36.31 billion in just one day. Despite this dip, pepe maintains its rank as the 24th largest cryptocurrency by market capitalization. An interesting observation amidst this downturn is the meme coin’s trading volume, which surprisingly surged by 61.32% to $760.708 million, indicating a spike in trading activities even as the general mood remained subdued.
Historical data from TradingView highlights a persistent bearish pattern for pepe, tracing back to its all-time high of $0.00001718 three months earlier. This decline has compelled the meme coin to revisit its previous lows multiple times, struggling to escape the grip of the downtrend. Remarkably, following an adverse market movement on August 5, pepe's value experienced a rebound, soaring over 50% towards the $0.000008739 mark— a critical resistance point.
However, the momentum waned upon reaching this peak, facing considerable selling pressure and ushering in a pullback to retest the recent low of approximately $0.00006931.
Can $0.00006931 Low Hold?
Further complicating pepe's market outlook is the speculation that the coin is currently amid the third bearish wave of the ABCD pattern, possibly anticipating a retest of the $0.000005856 support level. This bleak forecast is reinforced by the technical indicators, with both the 50-day and 200-day moving averages currently above the meme coin’s present values, at $0.000009998 and $0.000008282 respectively.
Yet, in the realm of cryptocurrencies, optimism finds its way even in the bleakest on charts. Should the $0.00006931 low prove resilient and pepe's price musters a recovery, we could witness a bullish reversal eyeing the key resistance at $0.000008739. Surpassing this hurdle may not only denote a positive shift in pepe's trajectory but also pave the way for aiming at higher resistance levels, potentially around the $0.00009823 mark.
The fluctuating fortunes of meme coins like pepe underscore the unpredictable nature of the cryptocurrency market. While today’s trends may paint a somber picture, the inherent volatility suggests that reversal is always within the realm of possibility. For enthusiasts and investors alike, keeping a close watch on such trends and patterns can unveil opportunities amidst the chaos, heralding the ever-evolving dynamic between risk and reward in the digital currency landscape.
In today's financial planning landscape, understanding the multifaceted world of annuities has become crucial for those looking towards a stable and secure retirement Annuities, a cornerstone of retirement planning, bring along guaranteed income, advantageous tax considerations, and estate planning perks, establishing themselves as a reliable asset for investors with varying financial objectives Whether you're aiming for financial security post-retirement or looking to diversify your investment portfolio, delving into the realm of the best annuities and annuity companies for August 2024 is a significant step towards achieving your financial goals
Why Consider Annuities for Your Financial Future
Annuities stand out as a potent tool in retirement planning, offering a spectrum of benefits that cater to distinct financial needs and objectives...
In an ever-evolving landscape, where the pulse of digital currency beats stronger with each passing day, the trajectory of crypto investing has remained largely bullish However, amidst this upward surge, not all tokens manage to hold their ground Today, we're delving into the latest developments within the crypto sphere, focusing on the shifting sands beneath XRP and shiba Inu investors, and the rising star of Rollblock, a new online gambling dApp that is making waves with its innovative revenue share model
XRP: A Strong Case but A Weakening Market Presence
On the theoretical front, XRP appeared to be a promising investment, particularly with the anticipated close of the SEC litigation swinging in its favor The buzz around XRP was palpable, reaching a crescendo in early August, only to witness a dramatic fallback, eroding all its gains...
Cryptocurrency Exchange-Traded Funds: Navigating the Next Wave
The digital asset landscape is teeming with anticipation as issuers queue up, ready to leverage the burgeoning trend of cryptocurrency exchange-traded funds (ETFs) These financial vehicles represent a nexus of traditional investment strategies and the innovative ethos of the crypto world, presenting a unique opportunity for both seasoned investors and newcomers alike to partake in the digital currency revolution with potentially reduced risk
The Ascent of Cryptocurrency ETFs
The concept of cryptocurrency ETFs is not entirely new; however, the increasing interest and subsequent lining up of issuers signal a significant shift towards mainstream acceptance and viability Cryptocurrency ETFs offer a blend of the traditional ETF structure with the dynamic and volatile world of cryptocurrencies, providing an indirect path for investment into digital currencies
For the uninitiated, these ETFs allow investors to gain exposure to cryptocurrencies without the complexities and security concerns associated with direct handling and storage of digital assets...