The post Crypto manager reveals why Pepe investors dumped for GoodEgg appeared on BitcoinEthereumNews.com.

SPONSORED POST* Pepe (PEPE) has been one of the standout performers in the meme coin market, boasting significant growth even amid broader market dips. However, despite Pepe (PEPE)’s recent successes, an increasing number of investors have been moving away from the frog-themed token, opting instead for the AI-powered dating meme coin, GoodEgg (GEGG). According to recent data, 487 investors who previously held large positions in Pepe (PEPE) have switched to GoodEgg (GEGG), driven by its innovative use of AI and its presale price of $0.00021. Pepe (PEPE) Faces Critical Resistance Levels Despite Surges While Pepe (PEPE) has shown resilience, its struggle to break through key resistance levels has left many investors cautious. Currently trading at $0.00001118, Pepe (PEPE) is hovering just below a local resistance point of $0.00001146. Despite a brief rally earlier in the week, it has been unable to surpass the critical $0.00001369 resistance level that would trigger a more substantial rally. If Pepe (PEPE) fails to break this barrier, it risks entering a prolonged consolidation phase, with prices potentially ranging between $0.00000989 and $0.00001369. Adding to the challenge is the coin’s Market Value to Realized Value (MVRV) ratio, which sits at a concerning 33%. Historically, when the MVRV ratio reaches this level, investors in profit begin to sell off, increasing the likelihood of short-term corrections. With 37% of active investors currently in profit, the risk of profit-taking is high, potentially limiting Pepe (PEPE)’s upside in the near term. Why Pepe (PEPE) Investors Sprinting to GoodEgg (GEGG) As Pepe (PEPE) struggles to maintain upward momentum, many investors are turning to GoodEgg (GEGG), an AI-powered meme coin with a social dating twist. Priced at $0.00021 in its presale, GoodEgg (GEGG) offers a unique value proposition that has attracted the attention of hundreds of former Pepe (PEPE) holders. Its innovative…

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Filed under: News - @ October 2, 2024 2:26 pm