As a researcher with a background in cryptocurrency analysis, I find the current trend of PEPE investors extremely intriguing. According to on-chain data, over 96% of PEPE investors have entered into profits after the recent rally, which is a significant figure. This is evident from IntoTheBlock’s “Global In/Out of the Money” indicator, which reveals that 96.36% of all PEPE addresses are currently in the money.
As an analyst, I’ve examined the on-chain data related to PEPE investments, and I can confirm that over 96% of investors have already secured profits following the impressive price surge this memecoin experienced during the last week.
96.36% Of All PEPE Addresses Are Now In The Green
According to Vicakdo’s post on X, the vast number of PEPE investors currently have profits that have yet to be realized.
As a researcher studying the cryptocurrency market, I find the “Global In/Out of the Money” metric provided by IntoTheBlock to be particularly relevant. This indicator sheds light on the number of addresses that purchased their coins at specific historical price ranges for the given cryptocurrency.
As a crypto investor, I can explain that when calculating my cost basis for a particular investment, an analytics firm looks at the on-chain data related to the wallets involved. By determining the average price at which coins were deposited into these wallets, they help me gauge the initial investment cost more accurately.
As an analyst, I would describe it as follows: If the price an investor paid for their cryptocurrency is greater than the current market price, they are said to be carrying a loss, which has yet to be realized. In the terminology used by IntoTheBlock, we classify such investors as being “out of the money.”
Investors whose cost basis is less than an asset’s current value are considered to be in a profitable position, often referred to as being “in the money.” For those investors who neither made a loss nor gained a profit, their investment cost equals the current market price – they are described as being “at par” or “at the money.”
Here’s a suggestion for paraphrasing the given text in a more conversational and clear manner:
As a crypto investor interpreting the given graph, I notice that the size of each dot represents the quantity of addresses whose average buy-in price falls within the corresponding price range. Notably, all the larger dots lie beneath the current market price. This observation implies that a significant number of investors have purchased their cryptocurrencies at lower prices and are now enjoying profits.
Approximately 96.36% of PEPE investors have realized profits on their investment, while just 10 addresses continue to experience losses. This tiny minority of 10 addresses represents a minuscule fraction compared to the vast number of 236,320 investors who currently enjoy gains.
Approximately half of the cryptocurrency’s owners are currently at break-even point, implying that the current price is being re-evaluated against the average purchase price they paid.
A review of the cost basis is generally significant for investors, as it may result in a change in their profit or loss status. Consequently, they often respond when this evaluation occurs.
Investors suffering losses on a particular asset might eagerly seek a chance to sell when it approaches their breakeven point. The asset’s price test could result in noticeable resistance from these investors.
Likewise, individuals aiming for profits might respond differently by purchasing when the price touches its non-biased mark again. They may hold the belief that this very mark will yield gains in the upcoming time frame. Consequently, such marks serve as a foundation for prices.
The power of these resistance and support levels relies on the number of buying addresses they represent. With many investors congregated around large circles, their retesting may trigger substantial market reactions.
Based on the chart’s interpretation, PEPE appears to have limited resistance in its path currently. Consequently, venturing into higher price ranges may not result in the coin encountering selling pressure from investors aiming to recoup their initial investment.
When profits reach such extraordinary heights, the likelihood of investors cashing out increases significantly. Consequently, a major hurdle for further rallies could be selling actions aimed at reaping those profits.
PEPE Price
At the time of writing, PEPE is trading around $0.0000168, up 77% in the past week.
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2024-05-28 00:42