{"id":533199,"date":"2023-05-16T13:25:37","date_gmt":"2023-05-16T13:25:37","guid":{"rendered":"https:\/\/wncen.com\/?p=533199"},"modified":"2023-05-16T13:25:37","modified_gmt":"2023-05-16T13:25:37","slug":"aura-around-pepe-not-good-for-market","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/aura-around-pepe-not-good-for-market\/","title":{"rendered":"The Aura Around PEPE Isn’t Good For The Market, Especially Bitcoin – Here’s Why"},"content":{"rendered":"

Pepecoin (PEPE) has been exhibiting a surprising level of calm in its price movement lately. However, contrary to what many may assume, this could be a red flag for Bitcoin (BTC) and the entire cryptocurrency market.<\/span><\/p>\n

According to a Bloomberg report<\/a>, when an asset experiences an extended period of calm, it can be a sign of market euphoria and an overheated market. <\/span><\/p>\n

This raises concerns about the sustainability of the current market trend, especially in the context of the cryptocurrency landscape.<\/span><\/p>\n

Let\u2019s dive deeper into what an overheated market means and how it could impact the king of cryptocurrencies and the market as a whole.<\/span><\/p>\n

Related Reading: Will Dogecoin (DOGE) Break Free From Limbo? Market Awaits Bullish Catalyst<\/a><\/div>\n

PEPE And The Implications Of An Overheated Market<\/strong><\/h2>\n

As reported by <\/span>Bloomberg<\/span><\/a>, the current market behavior of PEPE is causing concerns for the broader cryptocurrency landscape, particularly for Bitcoin. <\/span><\/p>\n

This is due to the fact that the rise of PEPE was accompanied by a surge in speculative trading and a frenzy of buying activity, which could indicate market euphoria.\u00a0<\/span><\/p>\n

Coinciding with this, the alpha coin has experienced a drop in value and a period of consolidation.<\/span><\/p>\n

When the market becomes overheated, it means that the prices of assets have risen to an unsustainable level, fueled by excessive optimism and speculation. <\/span><\/p>\n

In such a scenario, investors tend to overlook the fundamental value of the assets and focus more on the potential for quick profits.\u00a0<\/span><\/p>\n

\"Pepe\"<\/p>\n

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\n
\n
\n
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Pepecoin (PEPE) has recently demonstrated an unexpected degree of stability in its price fluctuations. Image: Earth.com<\/pre>\n
This results in a significant increase in demand, which drives up the prices further, creating a bubble that is bound to burst at some point.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
In an overheated market, the prices of assets are often overinflated and do not reflect their true value. <\/span><\/p>\n
This creates a risk of a sharp correction, which could result in significant losses for investors who have overvalued their investments.\u00a0<\/span><\/p>\n
Moreover, such a correction could lead to a chain reaction that could affect the entire market, causing panic selling and further price drops.<\/span><\/p>\n
PEPE’s Correction, BTC’s Struggles Emphasize Asset Valuations In Volatile Markets<\/strong><\/h2>\n
The report noted that the current drawdown in the cryptocurrency market has impacted investors’ ability to chase opportunities with other assets. <\/span><\/p>\n
This means that investors are becoming more cautious and less willing to take risks, as they recognize the potential risks of an overheated market.\u00a0<\/span><\/p>\n
Despite PEPE’s impressive 2,8931% hike in the last 30 days, it has since corrected, indicating that investors are starting to be more mindful of market fundamentals.<\/span><\/p>\n
PEPE’s price on <\/span>CoinGecko<\/span><\/a> currently sits at a measly $0.00000169, having undergone a 24-hour slump of 2.7% and a seven-day decline of 11.5%.<\/span><\/p>\n
Meanwhile, <\/span>BTC<\/span><\/a> is currently priced at $27,207.23, experiencing a 24-hour slump of 0.8% and a seven-day decline of 1.9%, highlighting its recent struggles in maintaining its upward momentum.<\/span><\/p>\n
<\/p>\n
BTCUSD may - or may not - drop below $27K, as shown here. Chart: TradingView.com<\/a><\/pre>\n
Related Reading: PEPE Outperforms Bitcoin In Social Media Buzz, Triggers Bullish Run For Frog Coin<\/a><\/div>\n
The current behavior of PEPE and the decline of BTC serve as a reminder of the potential risks that come with overvaluing assets and ignoring fundamental values.\u00a0<\/span><\/p>\n
As the crypto market continues to evolve and attract more investors, it is essential to maintain a realistic perspective on asset valuations and not be swayed by market euphoria. <\/span><\/p>\n
By doing so, investors can protect themselves from potential losses and contribute to a more sustainable and stable market in the long run.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk)<\/em><\/p>\n
-Featured image from Ride Time<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Pepecoin (PEPE) has been exhibiting a surprising level of calm in its price movement lately. However, contrary to what many may assume, this could be a red flag for Bitcoin (BTC) and the entire cryptocurrency market. According to a Bloomberg report, when an asset experiences an extended period of calm, it can be a sign of market euphoria and an overheated market. This raises concerns about the sustainability of the current market trend, especially in the context of the cryptocurrency landscape. Let\u2019s dive deeper into what an overheated market means and how it could impact the king of cryptocurrencies and the market as a whole. Related Reading: Will Dogecoin (DOGE) Break Free From Limbo? Market Awaits Bullish Catalyst PEPE And The Implications Of An Overheated Market As reported by Bloomberg, the current market behavior of PEPE is causing concerns for the broader cryptocurrency landscape, particularly for Bitcoin. This is due to the fact that the rise of PEPE was accompanied by a surge in speculative trading and a frenzy of buying activity, which could indicate market euphoria.\u00a0 Coinciding with this, the alpha coin has experienced a drop in value and a period of consolidation. When the market becomes overheated, it means that the prices of assets have risen to an unsustainable level, fueled by excessive optimism and speculation. In such a scenario, investors tend to overlook the fundamental value of the assets and focus more on the potential for quick profits.\u00a0 Pepecoin (PEPE) has recently demonstrated an unexpected degree of stability in its price fluctuations. Image: Earth.com This results in a significant increase in demand, which drives up the prices further, creating a bubble that is bound to burst at some point. In an overheated market, the prices of assets are often overinflated and do not reflect their true value. This creates a risk of a sharp correction, which could result in significant losses for investors who have overvalued their investments.\u00a0 Moreover, such a correction could lead to a chain reaction that could affect the entire market, causing panic selling and further price drops. PEPE’s Correction, BTC’s Struggles Emphasize Asset Valuations In Volatile Markets The report noted that the current drawdown in the cryptocurrency market has impacted investors’ ability to chase opportunities with other assets. This means that investors are becoming more cautious and less willing to take risks, as they recognize the potential risks of an overheated market.\u00a0 Despite PEPE’s impressive 2,8931% hike in the last 30 days, it has since corrected, indicating that investors are starting to be more mindful of market fundamentals. PEPE’s price on CoinGecko currently sits at a measly $0.00000169, having undergone a 24-hour slump of 2.7% and a seven-day decline of 11.5%. Meanwhile, BTC is currently priced at $27,207.23, experiencing a 24-hour slump of 0.8% and a seven-day decline of 1.9%, highlighting its recent struggles in maintaining its upward momentum. BTCUSD may – or may not – drop below $27K, as shown here. Chart: TradingView.com Related Reading: PEPE Outperforms Bitcoin In Social Media Buzz, Triggers Bullish Run For Frog Coin The current behavior of PEPE and the decline of BTC serve as a reminder of the potential risks that come with overvaluing assets and ignoring fundamental values.\u00a0 As the crypto market continues to evolve and attract more investors, it is essential to maintain a realistic perspective on asset valuations and not be swayed by market euphoria. By doing so, investors can protect themselves from potential losses and contribute to a more sustainable and stable market in the long run. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk) -Featured image from Ride Time<\/p>\n","protected":false},"author":557,"featured_media":533231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1039,1119,1144,8686,88145,4735],"class_list":["post-533199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bloomberg","tag-btc","tag-btcusd","tag-ethusd","tag-pepe","tag-price-action"],"acf":[],"yoast_head":"\nAura Around PEPE Is Not Good For The Market, Especially Bitcoin<\/title>\n<meta name=\"description\" content=\"Pepecoin (PEPE) has been exhibiting a surprising level of calm in its price movement lately. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"The Aura Around PEPE Isn’t Good For The Market, Especially Bitcoin – Here’s Why","url":"http:\/\/wncen.com\/news\/aura-around-pepe-not-good-for-market\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/aura-around-pepe-not-good-for-market\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/bb.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/bb.png?fit=856%2C569"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bloomberg","btc","btcusd","ethusd","pepe","price action"],"dateCreated":"2023-05-16T13:25:37Z","datePublished":"2023-05-16T13:25:37Z","dateModified":"2023-05-16T13:25:37Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"The Aura Around PEPE Isn’t Good For The Market, Especially Bitcoin – Here’s Why\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/aura-around-pepe-not-good-for-market\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/aura-around-pepe-not-good-for-market\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/bb.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/bb.png?fit=856%2C569\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bloomberg\",\"btc\",\"btcusd\",\"ethusd\",\"pepe\",\"price action\"],\"dateCreated\":\"2023-05-16T13:25:37Z\",\"datePublished\":\"2023-05-16T13:25:37Z\",\"dateModified\":\"2023-05-16T13:25:37Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/bb.png?fit=856%2C569","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/533199"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=533199"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/533199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/533231"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=533199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=533199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=533199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}