- PEPE and Astar Network are leading altcoin momentum at the moment.
- There has been a broad-based effort to revive the market and usher in the bulls.
Only a few days ago, Pepe Coin (PEPE) was not performing so well as it was down by more than 5% and was trading at $0.000000715 as the price of the memecoin continued to plummet significantly every hour. At that time, the token was tagged the most underperforming altcoin together with Litecoin (LTC). Up until yesterday, the frog-themed memecoin was still showing negative signals.
A close look at today’s chart, however, has started showing mixed signals; while many altcoins including PEPE are giving bullish signals, suggesting a potential positive momentum, others are still trading on the red lines. PEPE Coin price is currently up by almost 2% in the past 24 hours and the token is currently trading at $0.0000007945. In addition, it holds a global market capitalization of $311.89 million, a figure that has further showcased its rising trends.
Some price analysts believe “if the daily candle closes above 0.00000078, the prior crack-down would be marked as a bear trap.”
Another coin on a potential bull run is Astar (ASTR), one of the digital assets supported by some of the most recognizable companies in the sector, like Alchemy Ventures, Binance Labs, and Coinbase Ventures. ASTR has seen a price jump of almost 6% in the last 24 hours. At the time of this writing, ASTR was trading at $0.05517. Its global market cap has seen a 3.73% growth and is now pegged at $289,486,690.
Beyond PEPE Coin and ASTR, SOL Shows Bull Potential
Solana (SOL) is performing better than the previous days to jostle for its place as a bullish altcoin at the moment. The coin currently has a market value of $19.84 after gaining 2.91% in the last 24 hours. Its global market capitalization is also exhibiting some positive movements, up by 2.81% and sitting at $8,106,810,778.
On Tuesday, it was reported that Solana’s investment flows outpaced those of Polygon (MATIC) and Ethereum (ETH) in the last few weeks. Apart from these developments, payment gateway VISA also expanded its USDC stablecoin settlement to the Solana network to facilitate instant cross-border payments.
MakerDAO Co-founder and Chief Executive Officer (CEO) on his part announced plans to migrate its upcoming on-chain project dubbed NewChain from Ethereum to the Solana blockchain. All of this news may have influenced the slight price jump of the altcoin.
On the other side of altcoin affairs, Bitcoin (BTC) is having a hard time moving beyond its current levels. Since the United States Securities and Exchange Commission (SEC) postponed its decision on a spot Bitcoin Exchange Traded Fund (ETF), the leading token has not been able to go past the $26,000 level. After gaining 0.17% in the past 24 hours, Bitcoin is now worth just $25,739.95 on exchange platforms.
Ethereum is up by 0.42% and trading at $1,631.19, Ripple’s XRP is trading at $0.501 after falling further by 0.35% and Polygon (MATIC) is down by 0.81% atop a price of $0.5571. It is obviously a case of mixed signals in the crypto ecosystem currently but with more positive tilt to show the bulls are finally returning.
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