The post With Major Altcoins in Limbo, PEPETO Preps For Market Debut  appeared on BitcoinEthereumNews.com.

Many altcoins have underperformed in recent times, with no real push to pump them to new heights. Although several have recorded healthy gains, many others are not performing well. For instance, data from MarketWatch shows that XRP, the third-largest cryptocurrency by market cap, has gained 49.62% year to date. Over the last three months, XRP has returned over 517% to investors. On the other hand, Sui (SUI) has only returned 0.37% this year, according to TradingView data, while Shiba Inu (SHIB) has lost nearly 11%. Fortunately, this instability in the altcoin market is unlikely to affect Pepeto (PEPETO), a new meme coin offering the crypto market a lot more than speculation. Will Altcoins Remain in Limbo? The outlook on altcoins is mixed, with varying reviews from different quarters. Recently, popular analyst Rekt Capital noted that a new “Hype Cycle” is possible for altcoins next month because February was a good month for altcoins in both 2023 and 2024, suggesting this trend could be repeated in 2025. According to Rekt Capital, altcoins are currently at their “Lowest Hype areas” and will likely rise in the coming weeks. For another analyst, Ali Martinez, alt season is unlikely because the market is saturated. In an X post, Martinez writes that a massive supply of altcoins has significantly changed the market. He notes that there are currently more than 36.4 million altcoins, much more than the 3,000 altcoins available during the 2017-2018 alt season, and 500 altcoins in the 2013-2014 period. Another Economist Alex Krüger agrees with Martinez, stating that there are already too many tokens, with an infinite number set to join the list. According to Krüger, the oversupply is why a desire for alt season is a misplaced expectation. Whether or not altcoins eventually struggle, the new #PEPETO meme coin is charting…

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Filed under: News - @ February 1, 2025 12:27 pm