What are the latest crypto news and price analyses of the coins Binance Coin (BNB), Pepe (PEPE), and Dogeverse? Let’s take a look below at an overview of the current news concerning them.
Summary
BNB marks a significant rebound with an increase in buying pressure
Binance Coin (BNB) has surpassed the upper line of its long-term symmetrical triangle, indicating an increase in buying pressure.
Currently, the altcoin is trading at around $623, surpassing the price region of $595, which had constituted a significant resistance level since March.
When an asset moves within a symmetrical triangle, its price oscillates between decreasing highs and lows, suggesting a consolidation phase.
In this case, the acquirers have pushed the prices upwards, encountering resistance, while the sellers have found support pushing them downwards.
The increase in the price of BNB in the last 24 hours has led the coin to rise above the key moving averages. Currently, BNB is traded above the 20-day exponential moving average (EMA) and the 50-day simple moving average (SMA).
This crossover is significant because BNB has remained on these moving averages for five days, indicating indecision between bull and bear before the market rally on May 20.
Con questo crossover, il mercato mostra una tendenza al rialzo sostenuta, interpretata dai trader come uno spostamento verso l’accumulo di monete. L’indice Elder-Ray di BNB ha registrato un valore positivo per la prima volta dal 14 maggio, confermando il trend rialzista.
This indicator measures the strength of buyers and sellers of BNB in the market and a positive value indicates the dominance of the bull. Currently, the Elder-Ray index of BNB is 41.44.
Moreover, the main momentum indicators of the moneta show an upward trend, suggesting that the price increase in the last 24 hours is supported by a real demand for BNB.
The comparison between the crypto Pepe, BNB and Dogeverse
Pepe (PEPE) has recorded an increase of 22%, reaching a new all-time high (ATH) today, according to the data from CoinMarketCap. The total market cap of the token is now over 5.75 billion dollars.
PEPE is currently the third largest meme coin, behind Dogecoin (DOGE), which holds the first place with a market cap of over 24 billion dollars, and Shiba Inu (SHIB), in second place, with a market cap of over 15 billion dollars, according to CoinMarketCap.
PEPE has reached new all-time highs thanks to the renewed interest in meme coins, fueled by the saga of GameStop.
Last week, an experienced trader made a profit of 46 million dollars on PEPE, achieving a return of 15,718 times his initial investment of 3,000 dollars.
Il portafoglio sconosciuto ha acquistato 4,9 trilioni di PEPE per 3,000 dollari il 15 aprile e successivamente ha venduto 1,41 trilioni di PEPE per 7,4 milioni di dollari, come riportato in un post su X di Lookonchain il 15 maggio.
Hao Yang, head of financial products at the Bybit exchange, recently commented on the success of meme coins, comparing it to punk rock, a symptom of disillusioned young investors “who have seen the opportunities offered to their parents disappear”.
The current rally of PEPE could be linked to the resurgence of interest in GameStop stocks.
The price of GameStop (GME) shares started to rise on May 13, after Keith Gill, also known as Roaring Kitty on X, unexpectedly returned to social media after a three-year break.
Dogeverse raises $15 million in its ICO
Il nuovo progetto multichain Dogeverse è diventato un argomento di grande interesse nelle ultime settimane. La sua ICO ha già raggiunto il traguardo dei 15 milioni di dollari, con molti trader che la considerano la prossima grande novità nel settore delle meme coin.
Dogeverse aims to become the world’s first truly multi-chain meme token.
Ispirato dai viaggi di Cosmo, il cane mascotte del progetto, Dogeverse intende unire le comunità crypto su diverse blockchain attraverso il potere dei meme.
Using technologies like Wormhole e Portal Bridge, Dogeverse will extend across six different chains, including Ethereum, BNB Chain, and Solana.
The multi-chain approach is not just a gimmick. It is designed to amplify the reach of Dogeverse, increase liquidity, and improve utility for token holders, preventing meme coin enthusiasts from being confined to a single blockchain.
In addition to these capabilities, the project will also include an integrated staking app that will allow token holders to earn annual rewards of 62%.
The hype around the ICO of Dogeverse has been remarkable. In just over a month, the project has raised 15 million dollars from retail traders, and there is still time for newcomers to participate.
Currently, DOGEVERSE tokens are available at about $0.00031 each, but this price will soon increase as the token sale is in its final stage.
Once the ICO is completed, Dogeverse will be listed on a DEX to meet investor demand. For this listing, 20 million tokens have been allocated, representing 10% of the total supply.
If the lancio iniziale is successful, the team of Dogeverse does not rule out future quotazioni on CEX, depending on the prestazioni of the progetto.
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