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ARTICLE AD BOX
Bitcoin and Dogecoin both faced substantial market losses after significant crypto market declines pulled off massive asset liquidations. The crucial $90,000 mark became a breach point for Bitcoin, which then dropped to establish new lows at $88,000, followed by Dogecoin crashing under $0.2050. Despite the downturn, #PEPETO, a new meme coin with strong fundamentals, emerged as a promising alternative.
Bitcoin Drops Below Key Support as Market Faces Heavy Liquidations
The cryptocurrency market reacted to increased selling force by dropping Bitcoin prices by 8.9% to reach a new low of $88,600 in a thirty-day period. Bitcoin faced an overwhelming price decline, and $272 million worth of its positions became liquidated, while the broader market experienced $881 million in total liquidations. Bitcoin requires another market-wide decrease in price because it failed to uphold its 23.6% Fibonacci support.
During this time, Binance traders increased their trading position volume, leading to a 2.88 ratio of Binance long-to-short positions. Bitcoin maintained its open interest level at $60.05 billion, as significant changes did not occur during this period. The data from Bitcoin’s on-chain network revealed low participation because new addresses reached their lowest point since July 2024.
#Dogecoin experienced extensive downward movement following its breach of important support positions, declining to $0.2052. The price was beneath the 23.6% Fibonacci retracement domain while meeting resistance near the $0.2180 mark. The downward slope of resistance kept Dogecoin from establishing upward movement to regain its market value.
PEPETO Gains Momentum as a Promising 100x Memecoin
PEPETO, an emerging project focusing on community engagement and utility, has positioned itself as a standout alternative. With staking rewards reaching 316% and a structured tokenomics model, #PEPETO offers long-term potential.
While the broader crypto market faces turbulence, PEPETO has gained attention for its strong fundamentals and structured approach. PEPETO collected $4.8 million in funding during its pre-sale phase because traders showed increasing enthusiasm for the project. Unlike many meme coins, PEPETO prioritizes utility and security, making it an attractive option for retail and institutions.
PEPETO’s tokenomics focus on long-term sustainability, with 30% allocated for presale, 30% for staking, and 20% for marketing. PEPETO takes a different strategy than typical hype-dependent models used by regular meme coins, which operate in the marketplace. By integrating multiple payment options, including Ethereum, Tether, and Binance Coin, #PEPETO ensures accessibility for a wider audience.
Security remains a priority, with #PEPETO undergoing audits from reputable firms to reinforce confidence. PEPETO stands separate from pumps and dumps because it maintains honest operations that help traders identify reliable assets during the emerging meme coin market. As Bitcoin and Dogecoin struggle, #PEPETO emerges as a potential 100x opportunity in the market.
ABOUT PEPETO
Pepeto is a cutting-edge cryptocurrency project blending the playful spirit of memecoins with a powerful utility-driven ecosystem. It features a zero-fee exchange, a cross-chain bridge for seamless swaps, and staking rewards designed to support the next generation of tokens.
Media Links:
Website: https://pepeto.io/
TG: https://t.me/pepeto_channel
IG: https://www.instagram.com/pepetocoin/
YouTube: https://www.youtube.com/@Pepetocoin/
Contact Information:
Contact: TokenWire Team
Email: contact@tokenwire.io
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
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