Although Pepe (PEPE) and Bonk (BONK) Dropped 60%, Analysts Say This Crypto Is A Better Buying Opportunity
The post Although Pepe (PEPE) and Bonk (BONK) Dropped 60%, Analysts Say This Crypto Is A Better Buying Opportunity appeared on BitcoinEthereumNews.com.
Meme coin leaders Pepe (PEPE) and Bonk (BONK) recently saw sharp pullbacks, both of which dropped over 60% from their highs. While short-term bounces are occurring, the majority of analysts think the upside will be capped. Meanwhile, there is a new altcoin called Remittix (RTX) that is growing in popularity as a better buying opportunity thanks to its real-world utility, early-stage pricing and strong presale demand. PEPE Zooms with Solid Comeback Pepe (PEPE) is seeing a robust comeback, currently trading at around $0.000008540 at writing, a whopping 6.20% up in 24 hours. This is taking its market capitalization to $3.84 billion, a reflection of renewed buying interest from investors and traders. The trading volume of PEPE is also up 22.63% to $770.69 million, showing increased action. Source: Tradingview While this upsurge is welcome, whether it will continue in the longer term is not certain. Without major ecosystem advancements or applications, PEPE’s price action is still highly reliant on the mood of the market and speculation. Most investors are wondering if this rebound is the beginning of a sustained bull run or another brief bounce before a possible decline. BONK recovers but is bedeviled by momentum BONK is also recovering, trading at around $0.00001336 after increasing 26.72% in the past 7 days. While this rally is happening, its trading volume has fallen 14.97% to $133.27 million, which means short-term momentum is fading. This decline in volume is a warning sign about whether the rally will continue or if it’s just a short-term blip on speculation. Source: Tradingview In contrast to more mature cryptos, BONK doesn’t yet have an underlying utility and is highly volatile. While short-term traders are along for the ride on recent price action, long-term investors are waiting. Many are waiting to see if BONK can find meaningful use…
Filed under: News - @ March 29, 2025 12:25 pm