Pepe Coin & Dogecoin Price Surges But Tradecurve Stealing the Limelight
Pepe Coin, Dogecoin along with many other memecoins surged on Friday after Ripple won the case against SEC.
The big players in the meme coin world, Pepe ($PEPE) and Dogecoin ($DOGE) are taking a breather after their recent bullish exploits.
With both showing minimal price momentum during a calm week in the cryptocurrency market, meme coin traders have started looking elsewhere for gains. Meanwhile, the brand-new meme project Tradecurve has emerged as a potential hotspot for significant growth.
Bearish Week But Bullish Day for $PEPE Amid Declining Trading Volume
At the time of writing, $PEPE is hovering around the $0.00000177 level, having closed bearishly in four of the last five days. Even though $PEPE’s price has raised by 18% in the 24 hours, the overall momentum remains bearish, suggesting that the optimistic trends seen in late June may now be over.
From a technical perspective, the $PEPE price appears to be heading back to the strong support region at $0.00000142. Price rejected this level aggressively on June 29 – and $PEPE bulls will be hoping a similar scenario plays out this time.
Unfortunately, per CoinMarketCap data, the token’s daily trading volume has dropped to just $96 million – a far cry from June when it averaged over $800 million daily. Nonetheless, $PEPE has shown resilience in the past and managed to bounce back from setbacks, indicating that there’s still potential for a recovery in the days ahead.
Source: TradingView
Dogecoin Enters Consolidation Phase as Market Takes a Break
Similarly, Dogecoin is also experiencing a quiet spell in the market. Mimicking $PEPE’s price movements, $DOGE has been undergoing a consolidation phase, with its value trading in a narrow range between $0.0644 and $0.07094.
The meme coin market appears to be in a “wait and see” mode, following Dogecoin’s recent exploits – although the technicals for $DOGE do appear more positive than $PEPE’s. For example, the $DOGE price has respected an upwards trendline on three occasions since June 10, which has helped prop up the token’s value.
In addition, $DOGE is holding the minor support level at $0.0645, with the long wicks over the past few days indicating a high volume of buy orders.
The recent XRP surge took DOGE surging more than 10% in 24 hours. However, a potential challenge to Dogecoin is it's declining trading volume, with data from CoinGecko revealing that it’s now a fraction of what it was in the first week of July.
Source: TradingView
Newcomer Tradecurve Poses Threat to Established Market Players
Tradecurve, the newcomer in the crypto space, has garnered attention for its comprehensive trading platform that brings low latency, fast order execution, and anonymity – the best of centralized and decentralized exchanges. While it may not share the same meme-driven appeal as Shiba Inu, Tradecurve’s focus on practical trading solutions presents a significant threat to established market players like Binance.
Tradecurve’s emergence as a competitor to Dogecoin and PEPE is driven by its ambition to offer a unique trading experience. Tradecurve enables the trade of all derivatives on one account, something that not many exchanges currently allow.
It also eliminates the intrusive sign-up KYC checks, meaning that traders can remain completely anonymous when trading stocks, forex, bonds, options, cryptocurrencies, etc.
While Dogecoin and PEPE gained popularity through their meme appeal, Tradecurve’s features, such as high-leverage options, copy trading, and automated AI trading bots, cater to traders seeking practical tools to enhance their strategies. Because of this, Tradecurve could potentially attract a significant portion of the market, posing a challenge to Shiba Inu’s dominance.
Tradecurve's Presale Gaining Mass Appeal
Over $2.8M has been raised during its ongoing presale, while 13,500 users have already registered for the Tradecurve platform, which is scheduled to launch after the presale ends. Now, Tradecurve’s native token, TCRV, can be purchased for just $0.018 – an 80% rise from its starting price of $0.01.
Millions of tokens have been sold already as buyers seek governance, access to VIP status, and trading fee discounts. With projections of TCRV surging by 100x after it gets listed on Uniswap or a Tier-1 CEX following its launch, those who purchase it now will earn tremendous returns on investment.
Conclusion
Overall, the meme coin market is evolving, with Pepe Coin and Dogecoin taking a step back while newcomers like Tradecurve aim to disrupt the status quo. Traders and investors must stay vigilant as the landscape continues to shift and new opportunities arise.
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