Price: $0.39311 2.2369%
Market Cap: 57.75B 1.7485%
Volume (24h): 8.56B 0.4%
Dominance: 1.7485%
Price: $0.39311 2.2369%
Market Cap: 57.75B 1.7485%
Volume (24h): 8.56B 0.4%
Dominance: 1.7485% 1.7485%
  • Price: $0.39311 2.2369%
  • Market Cap: 57.75B 1.7485%
  • Volume (24h): 8.56B 0.4%
  • Dominance: 1.7485% 1.7485%
  • Price: $0.39311 2.2369%
Home > Information news > Will Pepe Coin (PEPE) Price Recover in July 2024?

Will Pepe Coin (PEPE) Price Recover in July 2024?

Release: 2024/07/02 19:05 Reading: 605

Original author:Coingape News Media

Original source:https://coingape.com/?post_type=blog&p=205463

Will Pepe Coin (PEPE) Price Recover in July 2024?

Last month posed challenges for the global cryptocurrency market. Bitcoin briefly traded at $58,000 before embarking on a downward trend that persisted into July, affecting various digital assets, including Pepe Coin (PEPE). PEPE experienced a notable decline of 22.57% during the previous month, reflecting broader market challenges.

Current Market Performance of Pepe Coin (PEPE)

PEPE's price has declined, dropping by 1.89% in the past day to trade at $0.00001141. This follows a broader downtrend, with PEPE losing 1.53% and 22.07% in value over the past week and month, respectively. Trading volume has also declined slightly by 6.29% to $452.88 million in the past 24 hours. Despite these losses, PEPE remains the 23rd largest cryptocurrency with a market cap of $4.8 billion, according to CoinMarketCap.

Mixed Sentiment and Strategic Positioning

Coinglass data for PEPE derivatives indicates a mix of positive and negative sentiment among traders. While long positions have decreased by 10.24%, open interest has increased by 3.98% to $139.71 million, suggesting growing interest in maintaining positions despite the recent decline. The options market exhibits cautious optimism, with specific volume and open interest figures pointing to a focus on hedging against volatility.

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