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PepeCoin (PEPE) rallied in 2023, at one time commanding a market cap of $1.8 billion one month after itemizing on exchanges. However after an extended consolidation interval, is it lastly time for PEPE to rise once more?
Contemplating current historical past, its biggest risk could also be rising Solana meme cash.
Analyst bullish On PEPE
FieryTrading on TradingView lately picked out a bullish “inverse head and shoulders” sample on the PEPE worth chart.
This would possibly sign that the token is bottoming up.
PEPE is buying and selling at $0.000000986, however the analyst expects the token to drift to $0.0000044 in the long run.
In the meantime, Ifiok-2sydes observes that PEPE has fashioned a bullish “cup and deal with” sample, which frequently precedes a bullish reversal.
In response to the analyst, PEPE would possibly climb to $0.00000309.
Nevertheless, PEPE, being a token on Ethereum, relies on how ETH performs.
It is a concern contemplating the migration to Solana, a platform providing quick execution occasions and decrease charges.
SOL is at present outperforming ETH as seen from the SOL/ETH worth chart.
In current weeks, Solana meme cash like Bonk, Dogwifhat, and Myro have been rallying.
As it’s, Smog would possibly proceed rallying following its airdrop.
Smog surging after airdrop
Airdrops proceed to drive exercise on Solana.
Smog is up 186% as traders rush for its airdrop. Because of this, Smog now has a market cap of $43 million and will broaden within the days forward.
Per its web site, Smog is the “one meme coin to rule all of them.”
Smog units its sights on “incinerating all his foes” with the “biggest airdrop of all time.”
35% of the 1.4 billion whole provide is allotted to the airdrop.
50% is earmarked for advertising, 10% for CEX launches, and 5% for DEX liquidity.
Damaged down into three phases, a few of the key roadmap targets embrace 100,000 “chosen warriors,” social mastery, and burn alternatives.
The staff announced the airdrop’s launch on Feb. 8.
Following this, SMOG costs spiked to its all-time excessive of $0.05639.
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