Pepe Coin Surges 16% — Leaves Dogecoin, Shiba Inu In Dust As Bitcoin Nears $29K
Portfolio Pulse from Mehab Qureshi
Pepe Coin (PEPE) has surged 16% in the past 24 hours, outperforming meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). The overall cryptocurrency market turned green due to recent crypto initiatives by financial institutions, including Deutsche Bank's application for a digital asset custody license and EDX Markets' commencement of Bitcoin (BTC) and Ethereum (ETH) trading.
June 21, 2023 | 5:37 am
News sentiment analysis
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NEUTRAL IMPACT
Dogecoin underperforms Pepe Coin as the latter surges 16%.
While the overall cryptocurrency market turned green, Pepe Coin outperformed Dogecoin with a 16% surge in the past 24 hours. This news does not directly impact Dogecoin's price, but it highlights the competition among meme coins.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Shiba Inu underperforms Pepe Coin as the latter surges 16%.
While the overall cryptocurrency market turned green, Pepe Coin outperformed Shiba Inu with a 16% surge in the past 24 hours. This news does not directly impact Shiba Inu's price, but it highlights the competition among meme coins.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Bitcoin nears $29K as EDX Markets commences trading of BTC and ETH.
The overall cryptocurrency market turned green due to recent announcements by financial institutions. EDX Markets, endorsed by Charles Schwab, Citadel Securities, and Fidelity Digital Assets, commenced trading of Bitcoin and Ethereum, contributing to the positive sentiment around Bitcoin.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ethereum benefits from EDX Markets' commencement of BTC and ETH trading.
The overall cryptocurrency market turned green due to recent announcements by financial institutions. EDX Markets, endorsed by Charles Schwab, Citadel Securities, and Fidelity Digital Assets, commenced trading of Bitcoin and Ethereum, contributing to the positive sentiment around Ethereum.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Pepe Coin surges 16% in the past 24 hours, outperforming meme coins like Dogecoin and Shiba Inu.
Pepe Coin's 16% surge in the past 24 hours is attributed to the overall positive sentiment in the cryptocurrency market due to recent crypto initiatives by financial institutions. This surge outperforms other meme coins like Dogecoin and Shiba Inu, indicating a potential short-term price increase for Pepe Coin.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100