Ethereum/ U.S. dollar(ETHUSD) Elliott Wave Technical Analysis 15 November 23
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By CryptoSaint · Posted
Pepe, the meme coin, has dropped 12% after reaching record highs earlier this week. This has investors wondering if it's a good time to buy. Why Did Pepe Surge? The Pepe price jump was linked to the return of an online personality known as "Roaring Kitty," who was a key figure in the meme stock craze of 2021. This triggered excitement around Pepe, similar to what happened with meme stocks back then. Is Now the Time to Buy Pepe? Experts say it might be a bit early. While the price has dropped, it's still significantly higher than usual. Instead of buying now, investors might want to wait for a retest of a specific price point (around $0.00000920) which could offer better buying opportunities. Why Are Some Investors Still Bullish on Pepe? Despite the recent drop, many believe Pepe has room to grow. Here's why: Popularity: Pepe is gaining popularity, which could drive the price up. Market Cap: Compared to other meme coins like Dogecoin and Shiba Inu, Pepe's market cap is still relatively low. This means there's potential for significant growth. -
Catamoto is strutting into the memecoin world with a swish of its tail, promising to be more than just internet cat hype. They're talking advanced tech, future plans on Solana, and a snazzy launchpad called CATAPULT. Sounds purrfect. Catamoto boasts about its fancy tech, aiming to be more than just a meme. They plan to expand beyond the Binance chain and have buddied up with a company called BlueZilla, which sounds legit. Plus, their launchpad boasts immediate token access for investors, which is a rarity. It's launch on Bitget adds up to the intriguing excitement. Memecoins are known for being wild and unpredictable. Do your research before you invest your hard-earned treats! What do you think of Catamoto? Is it a future crypto king, or just another memecoin chasing likes? -
By CryptoSaint · Posted
The price remains volatile, experiencing midweek surges followed by fluctuations. Bitcoin current price is hovering around $66,000, there's a sense of validation for a potential breakout, with some analysts projecting a rise towards $70,000. Concerns Addressed: Accumulation and Liquidity Signals Despite the recent decline from its all-time high in March, on-chain expert Willy Woo believes significant price increases are on the horizon. He sees the current consolidation as a "warm-up" phase for Bitcoin, supported by substantial liquidity. This liquidity reduces the long-term risk associated with consolidation periods. Drawing from historical trends, Woo anticipates a bullish trajectory for Bitcoin. However, he warns of potential risks that may accompany surges driven by new investments. Is a Bullish Cycle on the Horizon? Echoing Woo's sentiments, crypto analyst Ki Young Ju asserts that Bitcoin is currently in a bullish cycle. Ju highlights the discrepancy between Bitcoin's market valuation (growing faster) and its actual market cap. This is measured against the realized cap, which estimates the total market value of all circulating coins at current prices. This trend, observed over the past two years, could potentially indicate the continuation of the bull market until April 2025, if current patterns hold true.
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