Pepe Election could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe Election (PEPEELEC), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because PEPEELEC is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Pepe Election can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to
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XRP Price Faces Ongoing Struggles: Will a Turnaround Happen?
XRP price is attempting a recovery wave from the $0.5120 zone. The price must clear the $0.5400 and $0.5500 resistance levels to gain pace. XRP price is correcting losses from the $0.5120 zone. The price is now trading below $0.5380 and the 100-hourly Simple Moving Average. There was a break above a short-term bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5360 resistance zone. XRP Price Faces Many Hurdles XRP price remained in a bearish zone and extended losses below $0.5300, like Bitcoin and Ethereum. There was a move below the $0.5280 and $0.5250 levels. The price even dipped below $0.5200 and tested $0.5120. A low was at $0.5117 and the price is now attempting to recover losses. There was a move above the 23.6% Fib retracement level of the downward wave from the $0.5600 swing high to the $0.5120 low. There was a break above a short-term bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5380 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5360 level. The first major resistance is near the $0.5360 level or the 50% Fib retracement level of the downward wave from the $0.5600 swing high to the $0.5120 low. The next key resistance could be $0.5485. A clear move above the $0.5485 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5550 resistance or even $0.5620 in the near term. The next major hurdle might be $0.5650. Another Drop? If XRP fails to clear the $0.5360 resistance zone, it could start another decline. Initial support on the downside is near the $0.5230 level. The next major support is near the $0.5185 level. If there is a downside break and a close below the $0.5185 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits near the $0.500 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level. Major Support Levels – $0.5230 and $0.5185. Major Resistance Levels – $0.5360 and $0.5485. CryptoIntelligence
Ethereum Faces Rising FUD as Solana Surges: Analyzing Market Sentiment and Developer Perspectives
The latest developments in the Ethereum market are stirring significant discussion as Ether faces increasing pressure from competing cryptocurrencies like Solana. Recent market activity indicates a noticeable shift in investor CryptoIntelligence