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As the cryptocurrency market continues to evolve, Pepe coin (PEPE) and newcomer Rick Coin are catching the eyes of market analysts. Following a significant market downturn for Pepe coin and Dogecoin, analysts predict a strong rebound with a surge between 50% to 200% in the coming week. Simultaneously, the soon-to-be-launched Rick Coin is anticipated to enter strongly after its beta Launch of the crypto derivatives trading platform.
Pepe Coin Prediction: PEPE Faces a Sudden Drop but Gears for a Comeback
Pepecoin saw a drastic 65% drop in market valuation on May 12, a week after reaching its record high of $1.54 billion. The sharp decrease results from profit-taking following a rally from near obscurity to a high of $0.00000372 since its launch on April 14. Despite the sudden correction, PEPE, the fastest-growing ERC-20 token in the history of the crypto market, seems ready for a comeback.
PEPE's market cap is approximately 5% of DOGE's $10 billion and 10% of the second-largest meme coin, Shiba Inu, which boasts a market cap of roughly $5 billion. Analysts predict that Pepe Coin's price may soon undergo a correction and ascend to 20-30% of Shiba Inu's market cap due to its increasing popularity. The trajectory of Pepe mirrors that of Dogecoin's price rally and subsequent correction in 2021.
Rick Coin: A New Utility-Backed Meme Coin with Promising Prospects
In the ever-evolving world of cryptocurrency, a new contender named Rick Coin is making waves. As Pepe Coin PEPE prepares for a potential comeback, Rick Coin's a soon to be launched meme coin launched beta of its utility platform for leverage trading of any asset.
Rick Coin has committed to a launch process that aims to provide equal opportunities for all participants. The distribution of tokens and the listing price will be determined by the amount of BNB raised during the presale. According to token economics, 60% of all tokens will be sold in presale, and 30% of all Rick Coins and 51% of the BNB raised will be automatically added to Pancakeswap following a successful presale to ensure seamless trading of Rick Coins.
Rick Coin sets itself apart with its unique feature of being backed by GalaxyTrade, a decentralized leverage trading platform currently live in its beta version. This platform empowers token holders to trade a diverse range of cryptocurrencies, including ETH, BTC, and BNB, in addition to forex and metals, with impressive leverage of up to 100X. Furthermore, by staking Rick Coin, holders can earn stable returns in BNB and USDT, which are collected as revenue by GalaxyTrade from trading fees and position liquidation.
In a bid to foster trust within the community, the Rick Coin contract has been renounced, enhancing transparency and reducing the possibility of manipulation by the creators. Despite being a newcomer in the meme coin market, analysts are predicting a solid debut for Rick Coin. To Participate in Presale, Visit Website: https://rickcoinbnb.com
Pepe Coin Price Stats
The live Pepe Coin (PEPE) price currently stands at USD 0.000002, with a 24-hour trading volume of $279M USD. Following an 11.61% decrease in the last 24 hours, Pepe now ranks 65th in the global crypto ranking, with a live market cap of USD 636,049,949.
Whales Accumulate Pepe Coin Amid Price Cut
On-chain analytics data shows that on Tuesday, three whales started accumulating Pepe tokens amid the nearly 50% price cut after Binance listed Pepe Coin in their innovation zone on May 5, causing a 91.41% surge in its trading price and boosting investor confidence. Despite the recent setback, Pepe continues to outperform in both the altcoin and meme coin sectors, posing as a strong competitor in the crypto market.
However, the continuous price surge faced a halt following the release of a controversial newsletter from Coinbase. Many meme coin supporters expressed disappointment with the newsletter, causing a temporary disruption in Pepe Coin's upward trajectory.
Bullish Indicators and Active Addresses
With 64.08k addresses In the Money (Profit) making up 56.42% of the total, there is a strong bullish sentiment in the market. The last 24 hours saw 111 bulls, which bought more than 1% of the volume traded for PEPE, indicating a possible uptrend. However, the 7-Day NA Change for active addresses neither buying nor selling stands at -87.41%.
Despite the recent dip, the substantial accumulation by whales, the surge in active bulls, and the overall positive sentiment in the market indicate that Pepe Coin is gearing up for a strong comeback.
Dogecoin (DOGE) Price Prediction
Dogecoin (DOGE) is priced at $0.07449, marking a 3.37% increase. The platform indicates that 53% of holders are making money at the current price, while 35% are in loss, and 12% are at the money. An analyst at Traders Union believes that Dogecoin will be traded at $0.07458 - $0.08649 by this week, while AMBCrypto predicts that Dogecoin's price for May end, 2023, should range between $0.05 to $0.1.
While these predictions provide a snapshot of Pepe Coin, Rick Coin, and Dogecoin's potential price movement this week, it's important to remember that meme coin prices are highly volatile and can change rapidly due to various factors. Therefore, any predictions should not be taken as financial advice and potential investors should research or consult a financial advisor.
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