Synthetix (SNX) Surges 10% After Proposal to Add PEPE Coin Markets to L2 Blockchain
Synthetix (SNX) has experienced a 10% increase in trading over the past 24 hours, which is attributed to a new proposal. The proposal, known as Synthetix Improvement Proposal (SIP) 2014, would add PEPE coin markets to the L2 blockchain. This has caused a surge in volumes, with a 150% increase in the wake of the proposal. Synthetix is a decentralized exchange for trading "synthetic" crypto assets and operates as both a Layer-2 scaling solution and DEX. The project was launched in Sept 2017 by Kain Warwick and lives on the Ethereum and Optimism mainnets.
Pepe Takes Over at Annual Bitcoin Conference in Miami
Last year, a metal bull welcomed visitors to the annual Bitcoin Magazine conference in Miami when Bitcoin was over $40,000. However, this year, as the crypto market experiences a fresh winter, Pepe has taken over. The first day of the conference was somewhat subdued, with serious yet hopeful discussions on topics such as "The Fed vs. The Financial System" and "Bitcoin & The Banking Crisis." Pepe-themed art was a highlight of the event, including a 21-panel mural called Pepernica, which pays homage to Picasso's Guernica. The conference also featured a Bitcoin Bazaar where Bitcoin-related items could be purchased.
Speculation Emerges That BlackRock Fund Holds Pepe Memecoin Worth $1.98 Million
There is speculation on Crypto Twitter that BlackRock Fund, the world's largest asset manager, may be holding Pepe (PEPE) memecoin. This speculation arose when a wallet labeled BlackRock withdrew 1.27 trillion in PEPE tokens worth $1.98 million from Binance to four addresses on May 18. Lookonchain suggested that the addresses were likely created by the investment firm. However, some are skeptical that the wallet belongs to BlackRock, as the idea of the world's largest asset manager trading memecoins seems unlikely. Despite this, PEPE's value has surged massively in recent weeks, reaching a market cap of over $1 billion.
BlackRock Withdraws $1.98 Million Worth of PEPE from Binance, Sparking Speculation Among Investors
The rise of PEPE has sparked renewed interest in memecoins among investors, even as bitcoin's rally has stalled. Investment giant BlackRock recently withdrew 1.27 trillion PEPE (worth approximately $1.98 million) from Binance to four addresses, which are believed to have been created by the American investment company.
PEPE cryptocurrency loses over 12% of its value in 24 hours
PEPE, one of the most popular meme coins, has lost over 12% of its value in the past 24 hours, making it the worst performer among the top 100 cryptocurrencies by market cap. The token has been underperforming since reaching its all-time high price of $0.000004354 12 days ago and is now down by more than 65%. The broader cryptocurrency market is also underperforming, which could make it difficult for PEPE to regain its all-time high price in the near term. However, if the fundamentals of the market improve, there is a possibility that PEPE's value could soar higher over the next few weeks.
DigiToads Emerges as a Strong Contender in the World of Meme Coins, While PEPE Lacks Long-Term Growth Potential
The world of cryptocurrencies is full of surprises, with meme coins like DigiToads and PEPE gaining popularity and generating wealth. DigiToads has a professional and verified team, an immersive web3 game, an NFT marketplace, and plans for a decentralized exchange and charitable donations. It has passed an audit and is set to be listed on BitMart. On the other hand, PEPE lacks a clear roadmap and team, and its tokenomics are less complex. While savvy traders may find opportunities with PEPE, DigiToads appears to have more potential for long-term growth.
PEPE Fails To Break Key Resistance, Bears Take Control
Over the weekend, PEPE saw a rally and doubled in price, but it was unable to break the key resistance level of $0.0000020. The current support level is at $0.0000011, and the trading volume increased briefly before fading on Tuesday. The 12h RSI and MACD indicators are both bearish, and the bias for PEPE remains bearish unless it can break the key resistance level. Short-term predictions suggest that PEPE may continue to range under the resistance level for the remainder of the week, as buyers have been absent.
Elon Musk's Potential Involvement with Pepe Coin Sparks Crypto Market Speculation
There are rumors circulating in the crypto market that Elon Musk may consider including PEPE Coin in a Twitter crypto wallet if it is launched. This speculation is fueled by Musk's interest in memecoins such as Shiba Inu and Floki Inu, as well as his close affiliation with the Dogecoin community. However, it is unclear if Musk's interest in memecoins would translate to a preference for them in a potential Twitter crypto wallet launch. Despite a recent 20% loss in value, PEPE Coin has seen significant price gains since its launch in April 2023. Stay up to date with the latest in the crypto market, including the impact of Elon Musk's tweets on Bitcoin and the rise of PEPE Coin in the United States by checking out our updated list of crypto presale projects and Telegram channels for 2023.
PEPE Coin Sparks Meme Coin Renaissance and Scams in Crypto Market
PEPE coin has become the latest meme coin sensation, attracting the attention of many investors. However, the hype surrounding the coin has also led to the creation of several scam tokens, including PEPEDOGE, PEPEC, WOW, MEME, FOUR, NEWPEPE, BENZ, BMW, POP, and BOBO. Scammers have been targeting PEPE investors through fraudulent websites and fake Telegram accounts. Despite being praised by Elon Musk, the coin has also sparked controversy, with Coinbase initially describing the PEPE meme as a "hate symbol" before apologizing for the error. Investors are advised to be cautious and avoid suspicious pages claiming to offer airdrops, staking, and other rewards.
Gemini Cryptocurrency Exchange Lists $PEPE Meme Token for Trading, Boosting Its Popularity in the Digital Currency Market.
Gemini cryptocurrency exchange has announced the listing of the $PEPE meme token, which has already gained a significant online following, for trading on its platform. This move highlights the increasing demand for alternative digital assets beyond mainstream cryptocurrencies like Bitcoin and Ethereum. The $PEPE token is a community-driven project that aims to create a decentralized platform for creators, artists, and influencers to showcase their work and monetize their content. With the listing on Gemini, $PEPE holders can now trade the token on one of the most respected cryptocurrency exchanges in the world, potentially reaching new all-time highs.
