Pepe Coin: A Powerful Rise Followed by Significant Losses - COINTURK NEWS
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Pepe Coin: A Powerful Rise Followed by Significant Losses

9:05 pm (33 days ago)
September 1, 2023

In early May 2023, the trend in Pepe Coin, which started a strong rise and recorded significant value increases, has reversed in recent months. Pepe Coin, which has gained momentum in value losses in recent weeks and has lost more than 30% of its value in the last month, has dropped to $0.0000008 levels.

Impressed the Market with its Rises

Pepe Coin (PEPE) gained strong momentum at the beginning of May 2023 and recorded significant value increases. After these rises, Pepe also saw a significant increase in market value and ranked in the top 100 in market value rankings.

However, during this period when Pepe Coin stood out among the prominent cryptocurrencies in the market with its value increases, many analysts warned investors about a possible downturn. Many speculative cryptocurrencies like Dogecoin and Shiba Inu (SHIB) have experienced significant percentage losses after similar rises in the past. Indeed, Pepe Coin (PEPE), which has experienced a strong downward momentum in recent weeks, has lost value at high rates.

Over 30% Value Loss in the Last Month

The trend in Pepe Coin, which recorded significant value increases in early May 2023, has reversed with large-scale percentage losses in recent times. Pepe Coin (PEPE), which has lost more than 30% in the last month, has also experienced a loss of over 10% in the last week and has accelerated value losses as the market started the day with a decline.

With Bitcoin, the leading cryptocurrency, falling to $25,600 during the day, the crypto market experienced a significant decline. Most altcoins in the crypto market have accelerated their losses since the morning hours due to the decline in BTC.

With the effect of the downward trend in the crypto market, Pepe Coin started the day with a decline like most cryptocurrencies. Pepe Coin, which has lost more than 20% in the last month and more than 10% in the last week, has dropped to $0.0000008 levels, recording an average 4% loss in the last 24 hours.

Disclaimer: This article does not contain any investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks, and should conduct their transactions based on their own research.

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