Why Investors Are Massively Selling Meme Coins Like PEPE and Dogecoin to Load Up on This New Crypto Sensation

Why Investors Are Massively Selling Meme Coins Like PEPE and Dogecoin to Load Up on This New Crypto Sensation

In the fast-paced world of cryptocurrencies, investors are shifting their focus. Popular meme coins, once the darlings of the market, are being sold off at a rapid pace. The reason? A new cryptocurrency is catching the eye of the investment community. With the bull run of 2024 upon us, everyone aims to capitalize on the next big opportunity. This article delves into the magnetism of this emerging currency, exploring what makes it so attractive in comparison to its whimsical predecessors.

Over $6 Million Raised: BlastUP Presale Continues, Offering Up To 1000% Potential ROI

BlastUP has been garnering significant attention lately thanks to its high potential to become a major force in the crypto industry. This pioneering launchpad on Blast has already attracted over 15,000 active users.

The ongoing presale of BlastUP is a huge success, with more than $6 million raised so far. Crypto experts consider the BlastUP token a hidden crypto gem that could skyrocket 1000% by the end of this year.

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BlastUP empowers crypto startups to grow faster and earn more. As BlastUP forges ahead, it remains committed to creating a global hub for the Blast community. BlastUP is rapidly gaining traction, benefiting all participants in this ecosystem.

BlastUP's roadmap extends into 2026, promising the introduction of AI-driven tools and the Community Marketplace, further enriching the ecosystem's capabilities.

The BlastUP token, a cornerstone of the platform, unlocks access to tiered IDO launches, staking rewards, and exclusive loyalty benefits.

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Pepe Price Analysis: Bullish Trends Emerge

Pepe (PEPE) has shown a significant upward trend over the last six months, marked by an impressive 813.57% price increase. Currently, PEPE is trading between $0.00000777 and $0.00001107, with the nearest resistance at $0.00001298 and support at $0.00000638. The one-week price change reflects a rise of 7.47%, while the one-month price change shows a surge of 84.32%. Indicators suggest the market is in a bullish phase, with the RSI at 55.43 signaling a potential continuation of the uptrend. The Stochastic reading at 76.24 reinforces this expectation. With the MACD Level at zero, it indicates that the price is neither overbought nor oversold, suggesting the current price moves are impulsive rather than corrective.

Dogecoin Price Movement Insight

Dogecoin has seen a surge over the last six months, boosting its value by more than double, with a 112.75% uptick. However, the past month has slightly dipped by 2.94%, while the last week gained momentum with a 7.35% increase. The current price is between $0.1364 and $0.16. The coin's moves show a mix of push-pull between buyers and sellers, hinting at cautious yet consistent activities. With an RSI of 53.22, Dogecoin’s price action is neither overbought nor oversold, suggesting a steady trend without wild swings for now.

Conclusion

Investors are moving away from meme coins like PEPE and Dogecoin, which show less potential for quick gains, and are turning their attention to BlastUP. BlastUP stands out for its promising concept and the advantage of being part of the broader Blast ecosystem, which places it a step ahead with higher potential for growth. The shift indicates a clear preference for assets offering fresh and engaging prospects, with BlastUP leading the pack.

Site: https://blastup.io/
Twitter: https://twitter.com/Blastup_io
Discord: https://discord.gg/5Kc3nDhqVW
Telegram: https://t.me/blastup_io
Source: https://thebittimes.com/why-investors-are-massively-selling-meme-coins-like-pepe-and-dogecoin-to-load-up-on-this-new-crypto-sensation-tbt88947.html