Analyst Unveils Key Drivers Behind PEPE Meme Coin Surge: These Floki Inu Developments Set Stage for Spike to New All-Time High
PEPE and FLOKI Inu have showcased market performance worth noting, with PEPE experiencing a substantial surge. Both coins, known for their meme origins, have gained attention due to their strategic moves and growing communities. FLOKI Inu has shifted from its meme status, adding utilities that enhance its market position, according to analyses by Umar Khan from 99Bitcoins YouTube Channel.
What you'll learn 👉
PEPE Meme Coin Market and Price Analysis
Umar Khan’s analysis for PEPE, reveals that the meme coin has broken its all-time highs, rising nearly 100% in the past month. It now boasts a market cap of around $4.48 billion, ranking 23rd on CoinMarketCap. PEPE’s trading volume hovers at $2.89 billion, having surpassed Solana in 24-hour volume.
Over the past six months, PEPE meme coin surged by 800%, with a 700% increase year-to-date. The past week alone saw a 44% increase, and the past month recorded a 104% rise. The community’s bullish sentiment and ongoing investments have driven its value up. Technical indicators show strong buying signals, reinforcing its bullish outlook.
The overall market sentiment remains stable, with a Fear and Greed Index of 52, indicating a neutral market. PEPE coin maintains high community engagement through frequent updates and interactive posts, contributing to its sustained growth. The upward trend in the cryptocurrency market, led by Bitcoin, positively impacts coins like PEPE. Strong buying signals from moving averages further support the ongoing bullish sentiment.
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Show more +FLOKI: Strategic Growth and Expanding Utility
FLOKI Inu has evolved from its meme coin origins, now offering various utilities that add substantial value as per Khan’s video analysis. Its market cap stands at $2.05 billion, making it the 53rd largest crypto project on CoinMarketCap. Moreover, FLOKI Inu has been listed on Binance Thailand, opening new investment avenues.
Besides, its collaboration with Revolut Business, Europe’s largest neobank, extends its reach to over 40 million users across 150+ countries. This partnership aims to accelerate FLOKI’s vision of becoming a widely used cryptocurrency.
FLOKI maintains an active social media presence with nearly 600,000 X followers. Community involvement is strong, highlighted by a DAO vote to burn 15 trillion FLOKI tokens. This move indicates robust community support and positive sentiment.
Additionally, FLOKI is now available for perpetual futures trading on Kraken, a major US-based cryptocurrency exchange. The upcoming Valla app for mobile aims to enhance FLOKI’s accessibility and utility.
Future Prospects and Market Trends
The combination of new listings, partnerships, and community growth suggests a bullish trajectory for FLOKI. There is anticipation of breaking past all-time highs, following trends seen in other coins like PEPE. The increasing interest in both crypto and stock markets, driven by factors like the upcoming US elections and economic improvements, supports this optimism.
For PEPE, high community engagement and the overall positive market trend, driven by Bitcoin, support its continued rise. Both coins are well-positioned for future growth, capitalizing on their strong community support and strategic moves.
Read also: Fantom (FTM) and Sei Network Crypto Prices Pumping: Here’s Why
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