After the FED interest rate decision was announced, a significant shift took place in the cryptocurrency market. Bitcoin’s price fell from $69,900 to $68,000, causing a downward trend in altcoins. Despite this, some market participants remained bullish on BTC. Two meme coins and a recently popular altcoin are bucking the market trend.
PEPE Coin Price:
PEPE, which has been grabbing headlines in recent weeks, faced intense selling pressure after hitting all-time highs, leading to a more than 10% drop in the past 7 days. However, amidst a market-wide decline following the recent announcement, PEPE’s price movement brought relief to its investors. The current price of PEPE stands at $0.00001311, showing a slight increase of over 1% in the last 24 hours. This slight uptick may indicate that whales are taking a break from selling the cryptocurrency, which has been on a downward trend for days.
The market cap of PEPE has now reached $5.5 billion, with a 24-hour trading volume of $1.4 billion, marking a 5.80% increase and making it the 9th most traded cryptocurrency.
Not Coin Latest Status:
Not Coin made a significant impact last month, gaining attention as a Telegram bot on the TON network. Despite a momentary spike to $0.037, the price quickly retraced. Currently, NOT is trading well above its initial price of $0.000779, with a current price of $0.01813 after a 13.82% increase in the last 24 hours. The market cap of NOT is at $1.8 billion, with a 24-hour trading volume of $1.2 billion, showing a 45% increase.
Shiba Coin Price in TL:
Shiba Coin, positioned as the second-largest meme coin after DOGE, showed a contrasting movement compared to the market. SHIB seems to have bounced back from the earlier decline this week. With a 2.68% increase in the last 24 hours, SHIB is currently trading at $0.00002221, which was well received by investors. However, SHIB is still 75% below its all-time high. In terms of TRY, SHIB is trading at 0.00072110 TL.
SHIB’s market cap remains above $13 billion, with a 24-hour trading volume of $850 million, showing a 4% increase.
Investors should be cautious as cryptocurrencies are highly volatile and risky. Conducting thorough research is essential before making any investment decisions. Follow our updates on Telegram, Facebook, Twitter, and Coinmarketcap for the latest news.
