{"id":412548,"date":"2023-06-27T17:29:38","date_gmt":"2023-06-27T17:29:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=412548"},"modified":"2023-06-27T17:31:04","modified_gmt":"2023-06-27T17:31:04","slug":"cryptocurrency-newpepe-price-prediction-experts-forecast-500-growth-by-2024","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cryptocurrency-newpepe-price-prediction-experts-forecast-500-growth-by-2024","title":{"rendered":"Cryptocurrency NEWPEPE Price Prediction: Experts Forecast 500% Growth by 2024"},"content":{"rendered":"
NEWPEPE is gaining immense traction as the coin continues its surge spree. The coin is expected to experience a staggering 500% increase by 2024. <\/span><\/p>\n This cryptocurrency<\/a>‘s performance has sent shockwaves through the crypto community, sparking intense excitement and anticipation for the potential windfall. <\/span>With its potential for significant returns, investors and enthusiasts eagerly anticipate the future of NEWPEPE in this ever-evolving crypto market.<\/span><\/p>\n NEWPEPE is a recently created cryptocurrency, making waves in the market. Within 14 days and 7 hours of its inception, it has achieved a remarkable market cap of around $2.6 million. <\/span><\/p>\n Currently, its price has experienced an astonishing surge of 2,977% in the last 24 hours, reaching a value of $0.000000001900 per unit.<\/span><\/p>\n NEWPEPE boasts a liquidity value of $176,000, indicating the ease of buying and selling the asset. <\/span>According to an analytics tool, <\/span>Dexscreener<\/span><\/a>, in the past 6 hours alone, there have been 19 buyers, contributing to a buying volume of $76,000. <\/span><\/p>\n Furthermore, the asset has a unique feature where no tax is imposed on buying, making it even more attractive to potential investors.<\/span><\/p>\n With the absence of buy taxes and the ability to modify tax rates, NEWPEPE is gaining attention and drawing in more buyers and investors. <\/span>Based on the <\/span>information provided by Dexscreener<\/span><\/a>, the asset is classified as an open-source project. <\/span><\/p>\n The asset’s underlying code and technical details are publicly available for anyone to view, inspect, and contribute. <\/span>Additionally, Dexscreener indicates that the asset has no proxy contract, a smart contract that acts as a delegate or intermediary on behalf of another contract. <\/span><\/p>\n The absence of a proxy contract suggests that the asset operates without such an intermediary layer, potentially simplifying the transaction process or minimizing additional complexity.<\/span><\/p>\n According to Dexscreener data, NEWPEPE has a mechanism that doesn’t allow a wallet to sell all its holdings at once. <\/span>While analyzing the data, it is crucial to acknowledge the findings presented by Dexscreener, which have identified two significant threats associated with NEWPEPE.<\/span><\/p>\n The first threat highlighted is the potential presence of a Honeypot, which refers to a deceptive scheme designed to attract unsuspecting investors and exploit their funds. <\/span><\/p>\n The second threat highlighted is the Mintable feature. Mintable tokens can be created or generated after the initial token sale, raising concerns about the potential inflation of existing token values. <\/span>This warning serves as reminder to exercise caution and thoroughly research before engaging with the token.<\/span><\/p>\n Additionally, <\/span>Etherscan<\/span><\/a> shows that NEWPEPE currently has relatively small number of holders, with a total of 195 individuals or entities holding the tokens.<\/span><\/p>\n However, it’s worth noting that top 100 holders collectively own over 100% of the token’s total supply. <\/span>A reputable platform for exploring and analyzing blockchain transactions, Etherscan revealed several noteworthy wallets associated with NEWPEPE. <\/span><\/p>\n These wallets include familiar names such as Vitalik’s public wallet, Binance 14, MEX.com, Justin Sun, Pepe Developer, Uniswap V2, OKX, and Gate.io. <\/span>These entities are prominent players in the crypto industry, and their involvement with NEWPEPE adds to its appeal and credibility.<\/span><\/p>\n MEXC stands out as the largest holder among the top holders, with an astounding total of 108,784,989,038,969 tokens. <\/span><\/p>\n The well-known entrepreneur and founder of TRON, Justin Sun, holds 100,587,568,022,923 tokens, while Binance 14, likely a wallet associated with the popular exchange Binance, holds a staggering 100,000,000,000,000 tokens. <\/span><\/p>\n Also, the popular crypto exchange, Houbi, holds 6,293,014,271,887 tokens, and the Pepe Developer holds a substantial number of tokens as well, specifically 62,794,024,076,465.<\/span><\/p>\n According to the trading chart from Dextool, NEWPEPE is trading above the <\/span>Moving Average<\/span><\/a> indicator, which suggests a bullish sentiment in the market. <\/span><\/p>\n This indicates that the asset’s price generally increases and potentially signifies a positive trend. Traders and investors may interpret this as a favorable signal to buy or hold the asset.<\/span><\/p>\n Also, the asset <\/span>Moving Average Convergence Divergence<\/span><\/a> (MACD) is currently above its Signal line, suggesting bullish momentum.<\/span><\/p>\n The histogram bars are presently above zero and show multiple strong green candles. <\/span>This setup further confirms the bullish sentiment present in the NEWPEPE cryptocurrency market.<\/span><\/p>\n The asset is trading above the <\/span>Bollinger Bands<\/span><\/a> indicator, meaning its price is relatively high compared to its historical volatility. <\/span><\/p>\n This can suggest overbought conditions in the market and potentially signal a reversal or correction in price. Traders may consider selling or taking profits in such situations.<\/span><\/p>\n However, the asset’s <\/span>Price Volume Trend<\/span><\/a> is at 5.83 million, which suggests a significant level of buying or selling pressure in the market. <\/span>This indicator considers both price and volume, indicating strong market activity.<\/span><\/p>\n Considering other factors and indicators for comprehensive analysis is essential before making trading decisions.<\/i><\/b><\/p>\n Launchpad XYZ is an innovative and distinctive Web-3 platform that provides traders and investors with a cutting-edge experience. <\/span>With a wide array of comprehensive training modules and extensive resources, Launchpad XYZ aims to deliver remarkable benefits to its users.<\/span><\/p>\nNEWPEPE Cryptocurrency Skyrockets<\/h2>\n
Dexscreener Highlights The Key Features<\/h2>\n
Moving Average and MACD Signal Bullish Momentum<\/h3>\n
Bollinger Bands and PVT Signals Potential Reversal<\/h3>\n
Launchpad XYZ<\/h2>\n