PEPE Price to Zero as Crypto Whales Shift to New Meme Coin Pre-Listing

PEPE Price to Zero as Crypto Whales Shift to New Meme Coin Pre-Listing

The Blockchain Industry: Insights and Opportunities

Source / Shiba Barbie

The blockchain industry continues to evolve and innovate, presenting both challenges and opportunities for investors and enthusiasts. In this article, we will examine two prominent projects in the blockchain space, Pepecoin (PEPE) and Shibie, and analyze their price movements, market potential, and marketing strategies.

Pepecoin: Analyzing Price Movements

Pepecoin (PEPE) has experienced a challenging week in the crypto markets, with downside movements dominating the chart. Since Sunday, PEPE has slid down by 13%, reaching a price of $0.00000123. The technical structure of PEPE has been suffocating under a local resistance from the 20-day moving average (20DMA) since July 16.

It’s important to note that previous instances of PEPE losing support from the 20DMA have led to prolonged periods of price suffocation under resistance. Currently, PEPE’s trendlines depict a bearish pendant pattern. However, there are indicators that offer some relief for Pepecoin’s outlook. The relative strength index (RSI) has cooled off significantly, showing an oversold signal at 34.53. This implies that downside moves might be drawing to an end, with the potential for an increase in price soon. On the other hand, the moving average convergence divergence (MACD) is still showing minor bearish divergence, suggesting that the downtrend could continue on the short-time frame.

While Pepecoin’s technical analysis offers little solace, it faces a risk-reward profile, with limited upside potential due to local resistance from the 20DMA at $0.0000015. On the downside, lower support can be found at $0.0000009, leaving Pepecoin with a risk-reward ratio of 0.88.

Shibie: The Rising Star in Meme Coins

Source / Shiba Barbie

Introducing Shibie, the charismatic Shiba Inu-Barbie crossbreed ready to make its mark in the crypto space. Shibie is a disruptive token that has combined the viral sensation of Shiba Inu with the glamour of Barbie, creating a unique meme coin that aims to redefine the genre.

With 60% of supply on offer, Shibie’s presale is underway, offering tokens at an astonishingly low price of $0.000167. This opportunity is attracting significant attention, and the small seed funding round of $999,999 is expected to sell out rapidly. Shibie’s fusion of whimsy and glamor, encapsulated in a single token, is sure to captivate audiences and break boundaries, just as Barbie smashed the 15-year old box office record.

To ensure liquidity right from its initial launch, the Shibie team has allocated 20% of the $SHIBIE token supply to decentralized exchange (DEX) liquidity and 10% to centralized exchange (CEX) liquidity. This strategy not only guarantees smooth trading conditions but also widens $SHIBIE’s reach in the market.

Shibie’s marketing campaign is poised to make headlines and create a vibrant presence across various media platforms. The team’s strong focus on liquidity and clever marketing strategies will place Shibie among the most talked-about projects in the crypto meme coin vertical.

Conclusion

The blockchain industry offers a dynamic landscape filled with both risks and rewards. Pepecoin and Shibie represent two distinct projects with their own potential and challenges.

Pepecoin’s technical structure and price movements present a challenging outlook, yet indicators suggest the possibility of a price recovery. However, Pepecoin’s risk-reward profile remains constrained by local resistance from the 20DMA.

On the other hand, Shibie showcases a unique combination of cultural icons, Shiba Inu and Barbie, in the form of a disruptive meme coin. With a low-priced presale and strong focus on liquidity and marketing, Shibie has the potential to make waves in the crypto market.

As with any investment in the volatile world of crypto, it’s essential to exercise caution and conduct thorough research. The blockchain industry continues to evolve, opening doors for new projects with innovative ideas and concepts. Whether you choose to invest in Pepecoin or join the Shibie revolution, remember to carefully assess the risks and opportunities that come with each project.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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