Pepe Coin (PEPE) holders look like they’re now taking profits after the coin’s exponential price increase – which saw it reach a market cap of $1.8 billion in less than one month of being live.
PEPE isn’t the only crypto experiencing a pullback, with the much-maligned Luna, now known as “Luna Classic,” falling by 23% over the past ten days.
With Pepe Coin and Luna seeing price decreases, alternative crypto projects are stepping into the spotlight. One such project, AiDoge, has already generated colossal attention – raising nearly $5 million through its ongoing presale.
PEPE Price Down from ATHs – Can Pepe Coin Recover?
According to CoinGecko, Pepe Coin’s price is now hovering around $0.00000192 – more than 50% lower than its all-time high of $0.0000043.
This price decrease is likely due to large amounts of profit-taking from early PEPE investors, who are looking to “cash out” while the price is still high.
Data from Etherscan.io notes that the previously-growing trend of PEPE holders has begun to level out at 106,000, indicating that many investors are now actively selling their holdings.
Regardless, over $400 million worth of PEPE was traded in the past 24 hours – a significant figure for such a new meme coin.
Given Pepe Coin’s price decline, many in the crypto community are already wondering if the token can recover. Moreover, community members are eager to determine whether any use cases will be created for PEPE that could stem the bearish momentum.
There doesn’t seem to be any movement on that front yet. However, with more than 254,000 people following the official Pepe Coin Twitter account, the pressure is on for the coin’s creators to figure out ways to capitalize on PEPE’s growth.
Ultimately, it’ll be interesting to see where Pepe Coin goes from here. Will PEPE prove to be a “flash in the pan,” or can the coin showcase its resilience – only time will tell.
Things Go from Bad to Worse for Luna Investors
Another popular crypto project that has suffered in recent days is Luna – now known as Luna Classic (LUNC).
For those unaware, LUNC is the native token of the original Terra blockchain, now called “Terra Classic.”
When the Terra/Luna ecosystem collapsed in mid-2022, the community decided to split it into two. The original blockchain was rebranded as Terra Classic, and a new blockchain called “Terra 2.0” was created.
Per CoinMarketCap, Terra Classic (LUNC) is the most-traded of the two coins, seeing approximately $87 million worth of trading volume in the past 24 hours. It’s this coin that has experienced a 20% dip and is now hovering around the $0.000089 level.
This price dip has surprised many in the crypto community, given that Terra Classic’s developers recently upgraded the blockchain’s testnet to version 2.0.0.
The testnet upgrade is designed to improve the functionality and security of the Terra Classic blockchain, with a view to implementing it on the mainnet later in May.
However, LUNC investors were left disappointed as the testnet’s upgrade didn’t have the desired effect on the coin’s price – and instead had the opposite effect.
It appears that sentiment towards Terra Classic is still overwhelmingly bearish, given the collapse that occurred just over one year ago.
Regardless, the blockchain’s developers appear keen to give the Terra brand a “fresh start.” If things pan out well for the testnet upgrade and the transition to the mainnet goes smoothly, investors will hope that LUNC can rebound from the current lows.
AiDoge Presents Ray of Hope with Successful Presale Phase
As Pepe Coin and Terra Classic continue facing price decreases, investors are seeking alternative opportunities within the crypto market. AiDoge has emerged as a promising contender in this regard – raising nearly $5 million through its ongoing presale phase.
Per the project’s whitepaper, AiDoge is an Ethereum-based platform powered by the latest artificial intelligence (AI) technology. Using this platform, meme lovers can instantly create hilarious images using text-based prompts, much like ChatGPT.
The platform’s native token is $AI, used to buy the credits required for creating memes. AiDoge.com users can also earn $AI tokens by producing high-quality memes that receive support from the community on the “public wall.”
In addition to these use cases, $AI tokens can be staked to earn free credits for meme generation. $AI holders will even be able to use their tokens when voting on governance proposals from community members.
Given the recent success of projects like Pepe Coin, many in the investment community are already wondering whether AiDoge could match (or even exceed) the recently-acquired returns of successful meme coin traders.
AiDoge is still in its presale phase, with tokens currently priced at $0.0000284 – 18.3% lower than the intended listing price of $0.0000336.
However, given that AiDoge’s presale has a “staged” approach, investors must act quickly to obtain the lowest entry price possible.
Those looking to learn more about the AiDoge project can check out the official Telegram channel.
PEPE isn’t the only crypto experiencing a pullback, with the much-maligned Luna, now known as “Luna Classic,” falling by 23% over the past ten days.
With Pepe Coin and Luna seeing price decreases, alternative crypto projects are stepping into the spotlight. One such project, AiDoge, has already generated colossal attention – raising nearly $5 million through its ongoing presale.
PEPE Price Down from ATHs – Can Pepe Coin Recover?
According to CoinGecko, Pepe Coin’s price is now hovering around $0.00000192 – more than 50% lower than its all-time high of $0.0000043.
This price decrease is likely due to large amounts of profit-taking from early PEPE investors, who are looking to “cash out” while the price is still high.
Data from Etherscan.io notes that the previously-growing trend of PEPE holders has begun to level out at 106,000, indicating that many investors are now actively selling their holdings.
Regardless, over $400 million worth of PEPE was traded in the past 24 hours – a significant figure for such a new meme coin.
Given Pepe Coin’s price decline, many in the crypto community are already wondering if the token can recover. Moreover, community members are eager to determine whether any use cases will be created for PEPE that could stem the bearish momentum.
There doesn’t seem to be any movement on that front yet. However, with more than 254,000 people following the official Pepe Coin Twitter account, the pressure is on for the coin’s creators to figure out ways to capitalize on PEPE’s growth.
Ultimately, it’ll be interesting to see where Pepe Coin goes from here. Will PEPE prove to be a “flash in the pan,” or can the coin showcase its resilience – only time will tell.
Things Go from Bad to Worse for Luna Investors
Another popular crypto project that has suffered in recent days is Luna – now known as Luna Classic (LUNC).
For those unaware, LUNC is the native token of the original Terra blockchain, now called “Terra Classic.”
When the Terra/Luna ecosystem collapsed in mid-2022, the community decided to split it into two. The original blockchain was rebranded as Terra Classic, and a new blockchain called “Terra 2.0” was created.
Per CoinMarketCap, Terra Classic (LUNC) is the most-traded of the two coins, seeing approximately $87 million worth of trading volume in the past 24 hours. It’s this coin that has experienced a 20% dip and is now hovering around the $0.000089 level.
This price dip has surprised many in the crypto community, given that Terra Classic’s developers recently upgraded the blockchain’s testnet to version 2.0.0.
The testnet upgrade is designed to improve the functionality and security of the Terra Classic blockchain, with a view to implementing it on the mainnet later in May.
However, LUNC investors were left disappointed as the testnet’s upgrade didn’t have the desired effect on the coin’s price – and instead had the opposite effect.
It appears that sentiment towards Terra Classic is still overwhelmingly bearish, given the collapse that occurred just over one year ago.
Regardless, the blockchain’s developers appear keen to give the Terra brand a “fresh start.” If things pan out well for the testnet upgrade and the transition to the mainnet goes smoothly, investors will hope that LUNC can rebound from the current lows.
AiDoge Presents Ray of Hope with Successful Presale Phase
As Pepe Coin and Terra Classic continue facing price decreases, investors are seeking alternative opportunities within the crypto market. AiDoge has emerged as a promising contender in this regard – raising nearly $5 million through its ongoing presale phase.
Per the project’s whitepaper, AiDoge is an Ethereum-based platform powered by the latest artificial intelligence (AI) technology. Using this platform, meme lovers can instantly create hilarious images using text-based prompts, much like ChatGPT.
The platform’s native token is $AI, used to buy the credits required for creating memes. AiDoge.com users can also earn $AI tokens by producing high-quality memes that receive support from the community on the “public wall.”
In addition to these use cases, $AI tokens can be staked to earn free credits for meme generation. $AI holders will even be able to use their tokens when voting on governance proposals from community members.
Given the recent success of projects like Pepe Coin, many in the investment community are already wondering whether AiDoge could match (or even exceed) the recently-acquired returns of successful meme coin traders.
AiDoge is still in its presale phase, with tokens currently priced at $0.0000284 – 18.3% lower than the intended listing price of $0.0000336.
However, given that AiDoge’s presale has a “staged” approach, investors must act quickly to obtain the lowest entry price possible.
Those looking to learn more about the AiDoge project can check out the official Telegram channel.
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