A significant shift occurred in the world of digital currency following the Federal Reserve’s interest rate announcement. Bitcoin saw a drop in price from $69,900 to $68,000, leading to a downward trend in alternative coins. Despite this, some players in the market are challenging Bitcoin’s dominance. Two meme coins and a recently popular alternative coin are moving against the prevailing market sentiment.
What is the current price of PEPE Coin? PEPE has been the center of attention in recent weeks, experiencing a more than 10% decline over the past 7 days due to heavy selling pressure after reaching its all-time high. However, following today’s developments, there has been a positive movement in PEPE’s price that has pleased its investors. PEPE’s price has risen by over 1% in the last 24 hours, reaching $0.00001311. This increase suggests that large investors are pausing their sales in the cryptocurrency, which has been on a downward trend for some time. With this increase, PEPE’s market cap has reached $5.5 billion, making it the 9th most traded cryptocurrency with a 24-hour trading volume of $1.4 billion.
Not Coin made a significant impact last month, gaining attention as a Telegram bot on the TON network and quickly being listed on major exchanges. Despite a momentary rise in price to $0.037, it quickly retraced. Not Coin is currently trading well above its launch price at $0.000779, with its current price at $0.01813, following a 13.82% increase in the last 24 hours. Its market cap stands at $1.8 billion, with a 24-hour trading volume of $1.2 billion.
Lastly, looking at the price of Shiba Coin (SHIB), the second-largest meme coin after DOGE, we see a movement that goes against the market trend. SHIB seems to have recovered from its earlier decline this week. With a 2.68% increase in the last 24 hours, it is currently trading at $0.00002221, a positive development for investors. However, SHIB is still 75% away from its all-time high. In terms of Turkish Lira (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, following a 4% increase.
Please note that the information provided in this article is not investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research before making any investment decisions. Follow us on Telegram, Facebook, Twitter, and Coinmarketcap for more news and updates.
