69% of Pepe (PEPE) Holders Return to Profit as Major Price Move Awaits

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Pepe the Frog (PEPE), a cryptocurrency based on the frog character, has gained significance in the crypto world. According to current statistics, over half of its present owners have earned a profit from their PEPE investment.

According to IntoTheBlock data, 69% of PEPE holders are profiting, or “in the money.”

Analysts are keeping a close eye on PEPE‘s developments, sensing a significant price shift is imminent. There’s buzz in the market about PEPE potentially losing a zero, pushing it towards new resistance points. This speculation fuels excitement among investors and supporters, igniting lively discussions over PEPE’s future price direction.

69% of $PEPE holders are currently in profit🐸🔗 — IntoTheBlock (@intotheblock) April 17, 2024

Over the last weekend, crypto expert Ali suggested that PEPE could be gearing up for its next price shift. He advises monitoring the daily closing price as it may exit the $0.00000793 to $0.0000664 price range, potentially leading to a significant 54% surge for PEPE. As analysts predict a substantial price change ahead, PEPE enthusiasts anxiously wait and watch.

PEPE’s price has mostly bounced between $0.00000475 and $0.00000572 after hitting a low of $0.00000393 on April 13.

Currently, PEPE has decreased by 2.42% over the past 24 hours to $0.000004998. This decline follows the broader trend in the crypto market as the dollar experiences its most significant five-day increase since October 2022. The financial sector exhibited mixed responses after Jerome Powell, Chair of the Federal Reserve, indicated that policymakers were not planning to reduce interest rates imminently.

Starting from April 18, 2024, Coinbase International Exchange and Coinbase Pro will offer Pepe perpetual futures trading. This means that users can buy or sell the Pepe cryptocurrency using these platforms with no expiry date. The launch of the 1000PEPE-PERP market is set to commence on this date.

PEPE tokenholders can now use the SwissBorg fintech platform, based in Switzerland, to exchange their tokens for 16 different fiat currencies such as Euro and Swiss Franc. This new feature makes transactions simpler and more convenient.

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2024-04-17 19:30