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The price of Pepe has shot up 47% in the last 24 hours and 238% last week to trade at $0.000004011 at 6:12 pm EST on trading volume which increased by 103% to $1.77 billion.
The PEPE coin reached an all-time high of $0.00000495 before before retreating a bit and is trading with a market capitalization of around $1.8 billion as the third largest meme coin behind Dogecoin (DOGE) and Shiba Inu (SHIB) in second place.
Pepe Price Goes Up To New all-time high
PEPEUSDT Analysis by Tradingview
Pepe price has broken out of the prolonged consolidation channel that indicated a fight between bulls and bears.
The support level for the 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.
All technical indicators are bullish as the bulls have pushed the price beyond the 50-day and 200-day simple moving averages (SMA), which are now acting as immediate resistance for Pepe price.
The Relative Strength Index (RSI) rises to 84 in the overbought region, bouncing from the mid-50 level, indicating intense buying pressure.
Pepe price may fall into a short bearish correction
Pepe price is generally bullish with the support of the RSI and SMA technical indicators, helping the bulls push the price higher, targeting $0.00000506, a new all-time high.
However, the bears could interrupt the momentum in a brief correction as the zone indicates the possible formation of a double top pattern, which may force the price lower.
Furthermore, the fact that the RSI is in the overbought region could trigger the correction before continuing to rise.
As Pepe traders ponder their next move, investors are eyeing a new btc-inspired token, Green bitcoin (GBTC), which is gaining prominence amid its pre-sale. It is an eco-friendly alternative to bitcoin that is attracting interest from eco-conscious investors.
Green btc Gamified Staking Model Gains Momentum
Green btc's The new gamified betting model is making waves in the crypto space, with evident traction in the GBTC pre-sale. It has already raised more than $1.39 million as it moves toward its goal of $1.475 million.
Green bitcoin is now NUMBER 1 on the BEST crypto PRE-SALES list!https://t.co/Ng4Su8wA0W
—GreenBitcoin (@GreenBTCtoken) February 27, 2024
Green bitcoin (GBTC) is a green version of bitcoin that employs the Gamified Green Staking model to incentivize investors. This initiative fuses the traditional attributes of bitcoin with the ecological characteristics inherent to the ethereum network.
The project's Predict-to-Earn feature engages investors in daily btc price prediction challenges, with GBTC as the reward token. He The programmability of the ethereum network opens Green btc to many world-changing use cases. One of them is prediction markets, an auditable on-chain betting system where users can bet on the outcome of future events.
As bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin is approaching all-time highs, everyone on your feed is making predictions.
But Green bitcoin is the only place where you can BET and WIN on those predictions! pic.twitter.com/yGgux4u9b9
—GreenBitcoin (@GreenBTCtoken) February 16, 2024
This allows GBTC holders will be able to “earn a lot by predicting the trend of bitcoin,” as the project says. While the exact mechanics of the market have yet to be announced, its website notes that “multiple prediction options” will be available.
Get GBTC Now, Stake to Earn Rewards for 234% APY
Green bitcoin's staking option allows you to earn passive income with an impressive 234% Annual Percentage Yield (APY). Currently, more than 2.4 million GBTC tokens have already been staked.
Did you know you can win HUGE just by staking your green bitcoin?
If you haven't already, visit 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 see a 100x surge upon its launch.
https://www.youtube.com/watch?v=JubQhMozlOA
To purchase GBTC, visit the official Green bitcoin website here. You need a compatible digital wallet to exchange your eth or USDT for GBTC tokens. You can also use a bank card.
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