Dogecoin rebounded from Wednesday’s drop, with the meme coin briefly climbing back above $0.090 in today’s session. However as the day progressed, bearish sentiment heightened, with price declining. Litecoin was also down today, and continues to trade near a multi-week low.
Dogecoin (DOGE) was volatile on Thursday, as prices moved back into the red, after an earlier rebound.
DOGE/USD fell to an intraday low of $0.08685 in today’s session, following an earlier high of $0.09297.
The meme coin has been volatile in recent sessions, after a week-long bull run was snapped on Wednesday.
Looking at the chart, today’s candlestick has printed a large doji, with dogecoin now trading close to its open price.
In addition to this, the relative strength index (RSI) has found a floor at the 53.00 mark, which has helped maintain the uncertainty.
Should this floor give way, there is a good chance that DOGE will move towards a support point at $0.08000.
Litecoin (LTC) traded near a three-week low in today’s session, as the token moved below $100.00.
Following a high of $101.95 on Wednesday, LTC/USD plunged to a low of $89.38 earlier today.
This is the lowest level that litecoin has hit since March 31, with bears now potentially targeting a long-term floor at $86.00.
As a result of today’s decline, the RSI has fallen to a point of support of its own at the 45.00 mark.
If price strength were to fall below this point, it is likely that LTC could head closer to $80.00.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect further declines in litecoin this week? Let us know your thoughts in the comments.
Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
Dogecoin rebounded from Wednesday’s drop, with the meme coin briefly climbing back above $0.090 in today’s session. However as the day progressed, bearish sentiment heightened, with price declining. Litecoin was also down today, and continues to trade near a multi-week low.
Dogecoin (DOGE) was volatile on Thursday, as prices moved back into the red, after an earlier rebound.
DOGE/USD fell to an intraday low of $0.08685 in today’s session, following an earlier high of $0.09297.
The meme coin has been volatile in recent sessions, after a week-long bull run was snapped on Wednesday.
Looking at the chart, today’s candlestick has printed a large doji, with dogecoin now trading close to its open price.
In addition to this, the relative strength index (RSI) has found a floor at the 53.00 mark, which has helped maintain the uncertainty.
Should this floor give way, there is a good chance that DOGE will move towards a support point at $0.08000.
Litecoin (LTC) traded near a three-week low in today’s session, as the token moved below $100.00.
Following a high of $101.95 on Wednesday, LTC/USD plunged to a low of $89.38 earlier today.
This is the lowest level that litecoin has hit since March 31, with bears now potentially targeting a long-term floor at $86.00.
As a result of today’s decline, the RSI has fallen to a point of support of its own at the 45.00 mark.
If price strength were to fall below this point, it is likely that LTC could head closer to $80.00.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect further declines in litecoin this week? Let us know your thoughts in the comments.
Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
A new token named after Pepe the Frog, the infamous meme, and cartoon character created by Matt Furie, has entered the meme coin economy. The token is called Pepe (PEPE), and at the time of writing, it has become the sixth-largest meme coin asset in terms of market capitalization, valued at just over $130 million. However, amidst the fast rise, both the website coinmarketcap.com and the Web3 security startup Gopluslabs have warned that the contract owner may have the ability to modify the transaction tax and blacklist function.
Doge and the other dog friends in the meme economy have a new companion, but this time, the newcomer is a frog, specifically Matt Furie’s Pepe the Frog. The coin pepe (PEPE) has not been around for long, appearing on the scene on April 18, 2023. According to current statistics, PEPE is up more than 400% from the coin’s all-time low on the day it started trading. Two days later, on April 20, PEPE’s market valuation reached a high of $165 million. The number of pepe tokens in circulation is 420.69 trillion, and at the time of writing, there are 29,756 PEPE holders.
So far, the crypto asset has recorded 122,368 transfers. Out of the 29,756 PEPE owners, the top ten wallets command 17.25% of the entire supply. Additionally, according to PEPE’s rich list statistics, the top 100 PEPE holders own 44.51% of the entire token supply. On coingecko.com, PEPE is ranked #245 out of 10,755 crypto assets, and the web portal’s meme coin economy page shows that PEPE is the sixth-largest meme coin asset in terms of market capitalization size. On coinmarketcap.com (CMC), PEPE is ranked #2,605 out of 23,473 listed cryptocurrencies on the website.
CMC’s PEPE page also contains a warning link that says: “According to Gopluslabs the contract owner may contain the authority to modify the transaction tax and contain blacklist function. Please exercise caution before taking any action and DYOR.”
CMC also shared the Gopluslabs page that analyzes the PEPE contract. CMC shares warnings like this for other coins, such as Crypto AI (CAI), which states: “According to Gopluslabs, the smart contract of the following asset can be modified by the contract creator (for example: disable selling, change fees, mint new tokens, or transfer tokens). Please exercise caution before taking any action and DYOR.” If the PEPE team has the authority to modify the transaction tax, it would go against the project’s tokenomics ethos.
“No Taxes, No Bullsh**. It’s that simple,” the PEPE tokenomics page details. “93.1% of the tokens were sent to the liquidity pool, LP tokens were burnt, and contract is renounced. The remaining 6.9% of the supply is being held in a multi-sig team wallet only to be used as tokens for future centralized exchange listings, bridges, and liquidity pools. This wallet is easily trackable with the ENS name ‘pepecexwallet.eth.’” PEPE’s web portal also shows a picture of the frog urinating on the top meme assets like SHIB, DOGE, and APE.
![]()
PEPE’s roadmap has big aspirations as phase three of the plan is to produce “generational wealth” and create a “Pepe Academy.” At the end of phase three, it also says “flip Bitcoin.” Furthermore, the PEPE website insists that the team and project have “no association” with Matt Furie or his creation, Pepe the Frog.
PEPE is not the first crypto asset to use the Pepe the Frog name and image, as there are a number of others dedicated to the famous meme, such as arbi pepe, pepesol, pepemoon, mcpepe’s, PEPE.bet, zkpepe, and babypepe.. Furthermore, pepe cash was created long before PEPE and the rest of these assets in order to bolster the community of digital artwork collectors and creators using the Counterparty blockchain and the original Rare Pepe NFT trading cards.
The new PEPE token website claims that the crypto asset is not a financial vehicle with any real promises. “PEPE is a meme coin with no intrinsic value or expectation of financial return,” the website discloses. “There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.”
What do you think about the rise of Pepe (PEPE) in the meme coin economy, and do you believe that its contract owner’s ability to modify transaction tax and blacklist function is a cause for concern? Share your opinion in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale
Grayscale Investments' CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is 'a Matter of When and Not ... read more.
A new token named after Pepe the Frog, the infamous meme, and cartoon character created by Matt Furie, has entered the meme coin economy. The token is called Pepe (PEPE), and at the time of writing, it has become the sixth-largest meme coin asset in terms of market capitalization, valued at just over $130 million. However, amidst the fast rise, both the website coinmarketcap.com and the Web3 security startup Gopluslabs have warned that the contract owner may have the ability to modify the transaction tax and blacklist function.
Doge and the other dog friends in the meme economy have a new companion, but this time, the newcomer is a frog, specifically Matt Furie’s Pepe the Frog. The coin pepe (PEPE) has not been around for long, appearing on the scene on April 18, 2023. According to current statistics, PEPE is up more than 400% from the coin’s all-time low on the day it started trading. Two days later, on April 20, PEPE’s market valuation reached a high of $165 million. The number of pepe tokens in circulation is 420.69 trillion, and at the time of writing, there are 29,756 PEPE holders.
So far, the crypto asset has recorded 122,368 transfers. Out of the 29,756 PEPE owners, the top ten wallets command 17.25% of the entire supply. Additionally, according to PEPE’s rich list statistics, the top 100 PEPE holders own 44.51% of the entire token supply. On coingecko.com, PEPE is ranked #245 out of 10,755 crypto assets, and the web portal’s meme coin economy page shows that PEPE is the sixth-largest meme coin asset in terms of market capitalization size. On coinmarketcap.com (CMC), PEPE is ranked #2,605 out of 23,473 listed cryptocurrencies on the website.
CMC’s PEPE page also contains a warning link that says: “According to Gopluslabs the contract owner may contain the authority to modify the transaction tax and contain blacklist function. Please exercise caution before taking any action and DYOR.”
CMC also shared the Gopluslabs page that analyzes the PEPE contract. CMC shares warnings like this for other coins, such as Crypto AI (CAI), which states: “According to Gopluslabs, the smart contract of the following asset can be modified by the contract creator (for example: disable selling, change fees, mint new tokens, or transfer tokens). Please exercise caution before taking any action and DYOR.” If the PEPE team has the authority to modify the transaction tax, it would go against the project’s tokenomics ethos.
“No Taxes, No Bullsh**. It’s that simple,” the PEPE tokenomics page details. “93.1% of the tokens were sent to the liquidity pool, LP tokens were burnt, and contract is renounced. The remaining 6.9% of the supply is being held in a multi-sig team wallet only to be used as tokens for future centralized exchange listings, bridges, and liquidity pools. This wallet is easily trackable with the ENS name ‘pepecexwallet.eth.’” PEPE’s web portal also shows a picture of the frog urinating on the top meme assets like SHIB, DOGE, and APE.
![]()
PEPE’s roadmap has big aspirations as phase three of the plan is to produce “generational wealth” and create a “Pepe Academy.” At the end of phase three, it also says “flip Bitcoin.” Furthermore, the PEPE website insists that the team and project have “no association” with Matt Furie or his creation, Pepe the Frog.
PEPE is not the first crypto asset to use the Pepe the Frog name and image, as there are a number of others dedicated to the famous meme, such as arbi pepe, pepesol, pepemoon, mcpepe’s, PEPE.bet, zkpepe, and babypepe.. Furthermore, pepe cash was created long before PEPE and the rest of these assets in order to bolster the community of digital artwork collectors and creators using the Counterparty blockchain and the original Rare Pepe NFT trading cards.
The new PEPE token website claims that the crypto asset is not a financial vehicle with any real promises. “PEPE is a meme coin with no intrinsic value or expectation of financial return,” the website discloses. “There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.”
What do you think about the rise of Pepe (PEPE) in the meme coin economy, and do you believe that its contract owner’s ability to modify transaction tax and blacklist function is a cause for concern? Share your opinion in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
PRESS RELEASE. It is hardly the case that any Web3 enthusiast has never heard about Aptos Network, an L1 aiming to be one of the safest and most scalable blockchains in the Web3 space. Built by former Meta employees previously working on Diem, Aptos Network is designed with scalability, safety, reliability, and upgradeability as its key principles while relying on the capabilities of Move, a Rust-based programming language designed to provide higher security and flexibility for developers.
Since its mainnet launch, in October 22, Aptos Network has benefited from substantial popularity among both builders as well as general blockchain enthusiasts, and not without a good reason. The principles behind the project sound pretty good even from a non-technical perspective, while the technical team behind it, is “one of the most professional and technically savvy we have ever had the chance to work with”, says Alexandru Filip, one of the founders at Bware Labs and the lead developer for the AIP-6 initiative.
Bware Labs is an infrastructure, development tools, and service provider created with the goal of bringing true reliability and performance to all the developers in the Web3 space and with a stated mission of supporting and boosting the blockchain development ecosystems of the networks it partners with.
With a substantial involvement in the Aptos ecosystem which ranges from validator services to decentralized API support and a free-to-use Snapshot service, Bware Labs recognized the need to provide the Aptos community with a delegation mechanism that would lower barriers for new validators joining the network and allow token holders to participate in the protocol by staking their assets and earning rewards.
As stated in the Aptos Implementation Proposal 6 (AIP-6), only token holders of more than 1M APT were able to stake tokens and earn rewards previously. With the current release of the AIP-6, everyone in the Aptos community will be granted access to the staking rewards and be allowed to participate and support the protocol. Moreover, AIP-6 will enable multiple parties to contribute to the minimum stake required by a validator to enter the active set and start validating blocks leading to the further decentralization of the network and improved security.
“Even since we joined the Aptos testnet as validators we were able to see a common set of values and beliefs between us and the team behind Aptos Network. This is actually one of the main things that we look at when we decide to support a new chain and be part of their journey. Even though we offer a whole range of tools and services for Aptos Network and its developers, being able to contribute on a deeper technological level to further enhance the entire ecosystem, and to work with the Aptos Foundation team, represents a great achievement for Bware Labs. In the end, this is the amazing thing about the Web3 space, the fact that different teams with different objectives are able and willing to collaborate and work together for the same goal.” – says Flavian Manea, the CEO of Bware Labs.
The Bware Labs mission revolves around tackling Web3 challenges and increasing its worldwide adoption by providing some of the industry’s most reliable infrastructure services and development tools.
The team comprises more than 40 engineers with high technical backgrounds in Web3 and Web2 development – https://bwarelabs.com/team .
Bware Labs is also the creator of Blast – https://blastapi.io, a decentralized API platform powered by the upcoming INFRA token. Blast provides support for 41 blockchain networks while featuring one of the best performances in terms of speed and reliability without sacrificing decentralization.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
Source From : News