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The Pepe price has soared 47% in the past 24 hours and 238% in the past week to trade at $0.000004011 as of 6:12 p.m. EST on trading volume that surged 103% to $1.77 billion.
PEPE coin surged to an all-time high of $0.00000495 earlier before pulling back a little and trades with a market cap of about $1.8 billion as the third-largest meme coin behind top-ranked Dogecoin (DOGE) and Shiba Inu (SHIB) in second place.
Pepe Price Spikes To New All-Time High
PEPEUSDT Analysis by Tradingview
The Pepe price has broken out of the prolonged consolidation channel that indicated a tussle between the bulls and bears.
The support level for Pepe coin at $0.00000088 has provided a platform for the bulls, helping them launch the bullish momentum that saw several spikes above the consolidation channel, reaching a new all-time high at $0.00000443.
The technical indicators are all bullish as the bulls have pushed the price past the 50-day and 200-day simple moving averages(SMAs), which now act as immediate resistance for the Pepe price.
The relative strength index (RSI) trades upwards at 84 into the overbought region, rebounding from the 50 midline level, indicating intense buying pressure.
Pepe Price May Dip In Short Bearish Correction
The Pepe price is generally bullish with support from the RSI and SMAs technical indicators, helping the bulls to drive the price higher, targeting $0.00000506, a new all-time high.
However, the bears might discontinue the momentum in a short correction as the zone indicates the possible formation of a double-top pattern, which may force the price downwards.
Moreover, the RSI being in the overbought region might trigger the correction before surging further.
As Pepe traders mull their next move, investors are eyeing a new BTC-inspired token, Green Bitcoin (GBTC), which is rising in prominence amid its presale. It is an eco-friendly Bitcoin alternative that’s piquing the interest of eco-conscious investors.
Green BTC Gamified Staking Model Gains Momentum
Green BTC‘s new gamified-staking model is making waves in the crypto space, with the traction evident in GBTC’s presale. It’s already raised over $1.39 million as it races towards its $1.475 million target.
Green Bitcoin is now NUMBER 1 on the list of BEST CRYPTO PRESALES!https://t.co/Ng4Su8wA0W
— GreenBitcoin (@GreenBTCtoken) February 27, 2024
Green Bitcoin (GBTC) is an eco-friendly iteration of Bitcoin, employing the Gamified Green Staking model to incentivize investors. This initiative merges Bitcoin’s traditional attributes with the eco-conscious characteristics inherent in the Ethereum network.
The project’s Predict-to-Earn feature engages investors in daily BTC price prediction challenges, with GBTC as the reward token. The Ethereum network’s programmability opens Green BTC to many world-changing use cases. One of those is prediction markets, an auditable on-chain betting system where users can wager on the outcome of future events.
As #Bitcoin approaches all-time highs, everyone on your feed is making predictions.
But Green Bitcoin is the only place where you can STAKE and EARN on those predictions! pic.twitter.com/yGgux4u9b9
— GreenBitcoin (@GreenBTCtoken) February 16, 2024
This enables GBTC holders to “earn big by predicting Bitcoin trend,” as the project puts it. While the exact market mechanics have yet to be announced, its website notes that “multiple prediction options” will be available.
Get GBTC Now, Stake To Earn Rewards For An APY Of 234%
The Green Bitcoin staking option allows you to earn passive income with an impressive 234% annual percentage yield (APY). Currently, over 2.4 million GBTC tokens have already been staked.
Did you know you can earn HUGE, simply by staking your Green Bitcoin?
If you haven't yet, go to our website and check out the Staking feature! pic.twitter.com/6wiv99ER0O
— GreenBitcoin (@GreenBTCtoken) February 25, 2024
Alessandro De Crypto, a prominent YouTube crypto analyst with 12.4k subscribers, says Green BTC could potentially experience a 100X surge upon launch.
https://youtu.be/JubQhMozlOA
To buy GBTC, visit the official Green Bitcoin website here. You need a compatible digital wallet to swap your ETH or USDT for GBTC tokens. You can also use a bank card.
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