Following the FED’s interest rate decision, the cryptocurrency market saw significant movements. Bitcoin’s price dipped from $69,900 to $68,000, causing a ripple effect on altcoins. Despite this, a few market participants decided to go against the trend set by BTC. Two meme coins and a recently popular altcoin are making waves in the market.
PEPE Coin, which gained attention in the past couple of weeks, experienced a notable sell-off after hitting all-time highs, leading to a more than 10% drop in the last seven days. However, after the recent decision, PEPE’s price movement brought relief to its investors. The price of PEPE increased by over 1% in the last 24 hours, reaching $0.00001311. This uptick could suggest that whales are pausing their selling spree of the cryptocurrency. PEPE’s market cap also rose to $5.5 billion, with a 24-hour trading volume increase of 5.80%, hitting $1.4 billion, positioning it as the 9th most traded cryptocurrency.
Not Coin also made a significant impact last month, emerging as a Telegram bot on the TON network. The price of NOT surged to $0.037 but then retraced swiftly. Currently, NOT is trading well above its launch price of $0.000779, with the price standing at $0.01813 after a 13.82% increase in the last 24 hours. Its market cap sits at $1.8 billion, with a 24-hour trading volume rise of 45%, reaching $1.2 billion.
Lastly, Shiba Coin, the second-largest meme coin after DOGE, is bucking the market trend. SHIB seems to have recovered from its decline earlier in the week. The price of SHIB rose by 2.68% in the last 24 hours, hitting $0.00002221, much to the delight of investors. Despite this increase, SHIB is still 75% below its all-time high. In Turkish Lira (TRY), SHIB is trading at 0.00072110 TL. SHIB’s market cap remains above $13 billion, with a 24-hour trading volume increase of 4%, reaching $850 million.
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