1 days ago

As TRUMP Token Hype Cools, PEPETO Takes the Reigns

As TRUMP Token Hype Cools, PEPETO Takes the Reigns It has been a week since the Official Trump (TRUMP) token debuted on Solana’s decentralized exchange, Meteora, and its trajectory has been anything but steady. Initially branded as a memecoin, TRUMP surged from under $10 to a peak of $74.59 within two days of its launch. However, the token has since experienced a sharp decline, losing 60% of its value and closing today at $33.88, according to CoinGecko. Despite its volatile performance, the token’s market capitalization briefly exceeded $10 billion on President Donald Trump’s Inauguration Day before plummeting to $5.8 billion, reflecting a staggering $10 billion loss in a mere seven days. Critics have called the launch a calculated move to capitalize on market hype, while ethics experts have expressed concern over its implications for the crypto industry. Trump Administration Tied to Market Surge President Donald Trump’s association with the token has fueled both its initial success and subsequent scrutiny. The launch coincided with growing enthusiasm for his crypto-friendly administration, which also helped push Bitcoin to a new all-time high earlier this week. When questioned about TRUMP’s debut during a White House press conference on Tuesday, January 21, Mr. Trump distanced himself from the project, saying, “I don’t know much about it.” Meanwhile, analysts from the blockchain forensics firm Chainalysis revealed that many buyers of TRUMP tokens were likely inexperienced retail investors entering the crypto market for the first time. Although these traders reportedly “broke even” overall, more than 100,000 investors incurred losses, according to the analysis. PEPETO Emerges as a New Contender While TRUMP struggles with volatility and criticism, a new memecoin, #Pepeto, is capturing the attention of both analysts and investors. Positioned as a “god of frogs,” PEPETO has gained momentum due to its emphasis on utility and a thriving community-driven approach. The token’s presale has already raised over $3.9 million, with its social media following surpassing 70,000 users across platforms like Twitter and Telegram. PEPETO’s low entry price—currently $0.000000106—has made it an attractive option for early investors seeking significant growth potential. Why PEPETO Stands Out Unlike TRUMP and its counterpart MELANIA, which leans heavily on branding and hype, PEPETO’ s focus on functionality has set it apart in the crowded memecoin space. The project offers several innovative features: High Staking Rewards: PEPETO promises annual returns of 387%, providing a substantial incentive for passive income seekers. Cross-Chain Bridge Technology: Transactions across blockchains can be completed in just 30 seconds, reducing fees and delays. PepetoSwap Exchange: A zero-fee trading platform tailored to simplify meme coin transactions and address liquidity issues. Community Governance: PEPETO’s decentralized autonomous organization (DAO) empowers its community with decision-making authority, fostering transparency and trust. These utilities, combined with its grassroots support, have positioned #PEPETO as a viable alternative to more centralized and hype-driven tokens like TRUMP. A New Year’s Message from the God of Frogs As the New Year begins, the God of Frogs, Pepeto Himself, shares a message of triumph and faith for the loyal Pepeto Army: The Plan Unfolds: The roadmap progresses flawlessly, as foretold. Every milestone has been achieved, and the… pic.twitter.com/zCmy1bTRQY — Pepeto (@Pepetocoin) January 1, 2025 As #PEPETO continues to gain traction, its community-driven model and innovative features are rapidly elevating its status within the memecoin sector. While TRUMP struggles to maintain investor confidence, the new memecoin appears poised to capitalize on the momentum and carve out its niche in the competitive crypto landscape. 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 X (Twitter): https://x.com/Pepetocoin YouTube Channel: https://www.youtube.com/@Pepetocoin Telegram Channel: https://t.me/pepeto_channel Instagram: https://www.instagram.com/pepetocoin/ TikTok: https://www.tiktok.com/@pepetocoin Contact Details Contact: TokenWire Team Email: contact@tokenwire.io Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .

NullTx

You can visit the page to read the article.
Source: NullTx

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

South Dakota and Kentucky Lawmakers Push for Strategic Bitcoin Reserves in Bold Legislative Moves

In a significant move for the cryptocurrency landscape, South Dakota’s State Representative Logan Manhart has revealed plans to propose legislation aimed at creating a strategic Bitcoin reserve. This initiative, he NullTx

Ethereum Price Battle Persists: Can Bulls Turn It Around?

Ethereum price struggled to continue higher above $3,220 and dipped. ETH is now consolidating losses and might face resistance near the $3,200 zone. Ethereum started a fresh decline below the $3,150 zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $3,220 level. Ethereum Price Dips Again Ethereum price started a fresh decline below the $3,250 and $3,200 levels, like Bitcoin . ETH even declined below the $3,050 level before the bulls appeared. A low was formed at $3,021 and the price recently corrected some losses . There was a move above the $3,120 and $3,150 levels. The price surpassed the 23.6% Fib retracement level of the downward wave from the $3,425 swing high to the $3,021 low. However, the bears were active near the $3,220 resistance. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $3,250 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $3,150 level. The first major resistance is near the $3,220 level, the trend line, and the 50% Fib retracement level of the downward wave from the $3,425 swing high to the $3,021 low. The main resistance is now forming near $3,270. A clear move above the $3,270 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,420 resistance zone or even $3,500 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,220 resistance, it could start another decline. Initial support on the downside is near the $3,050 level. The first major support sits near the $3,020. A clear move below the $3,020 support might push the price toward the $3,000 support. Any more losses might send the price toward the $2,950 support level in the near term. The next key support sits at $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,050 Major Resistance Level – $3,020 NullTx