PEPE: A Top Pick in the Bearish Market, Fueled by Ethereum ETF Approval

PEPE：在以太坊 ETF 批准的推動下，熊市中的首選

Despite the prevailing bearish sentiment, PEPE has surged by 6% in price and experienced a 40% increase in trading volume. This makes PEPE a promising investment choice in the wake of the SEC's approval of spot Ethereum ETFs.

儘管看跌情緒普遍存在，但 PEPE 的價格仍飆升 6%，交易量增加 40%。這使得 PEPE 在 SEC 批准現貨以太坊 ETF 後成為一個有前途的投資選擇。

Impressive Performance in a Challenging Market

在充滿挑戰的市場中取得令人印象深刻的表現

PEPE has emerged as a leading ETH-based altcoin amidst a massive $107 million inflow into Ethereum ETFs. This has propelled investor interest, driving up PEPE's open interest and price. On July 24, PEPE witnessed a price jump of over 6% and a 40% increase in trading volume, indicating strong confidence among investors and traders.

隨著 1.07 億美元的巨額資金流入以太坊 ETF，PEPE 已成為領先的基於 ETH 的山寨幣。這激發了投資者的興趣，並推高了 PEPE 的未平倉合約和價格。 7月24日，PEPE價格漲幅超過6%，交易量成長40%，顯示出投資者和交易者的強勁信心。

Analysts' Optimistic Outlook

分析師的樂觀前景

Analysts predict further growth for PEPE. After a period of consolidation, historical data suggests that PEPE tends to embark on a significant rally. This pattern is expected to repeat, providing encouragement for investors.

分析師預測 PEPE 將進一步成長。經過一段時間的盤整後，歷史數據顯示 PEPE 往往會大幅上漲。這種模式預計會重複出現，為投資者帶來鼓勵。

Moreover, PEPE's open interest has increased by 10% in the past 24 hours, signaling a bullish sentiment. On May 23, 2024, the SEC's approval of the spot Ether ETF led to significant accumulation of PEPE by whales and investors. This trend may continue as the ETF goes live, driving PEPE's price even higher.

此外，PEPE的未平倉合約在過去24小時內增加了10%，顯示看漲情緒。 2024 年 5 月 23 日，SEC 批准了現貨 ETH ETF，導致鯨魚和投資者大量增持 PEPE。隨著 ETF 上線，這種趨勢可能會持續下去，推動 PEPE 的價格進一步走高。

Return of Bulls and Positive Expectations

多頭回歸和積極預期

CoinGlass data indicates a return of bullish sentiment, with long positions in PEPE outpacing short positions. This suggests that the market is shifting toward a more optimistic outlook.

CoinGlass 數據顯示看漲情緒回歸，PEPE 多頭部位超過空頭部位。這表明市場正在轉向更樂觀的前景。

Struggles of Other Meme Coins

其他 Meme 幣的掙扎

In contrast to PEPE's performance, other popular meme coins, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Floki (FLOKI), have failed to gain momentum. DOGE, SHIB, and FLOKI have faced price declines of 1.2%, 0.8%, and 1.1%, respectively, in the last 24 hours. Even major crypto assets like Bitcoin (BTC) and Ethereum (ETH) have experienced setbacks.

與 PEPE 的表現相反，其他流行的迷因幣，如狗狗幣 (DOGE)、柴犬 (SHIB) 和 Floki (FLOKI) 未能獲得動力。 DOGE、SHIB 和 FLOKI 在過去 24 小時內分別面臨 1.2%、0.8% 和 1.1% 的價格下跌。甚至像比特幣（BTC）和以太幣（ETH）這樣的主要加密資產也經歷了挫折。