The value of Pepe (PEPE) has surged over 13% previously few hours after Binance introduced the launch of a brand new promotion for the token on its Easy Earn platform.
Nevertheless, it’s not simply PEPE turning heads – presale challenge Bitcoin Minetrix (BTCMTX) has additionally captured investor curiosity after elevating a powerful $11.3 million in funding.
PEPE’s value is now hovering round $0.00000132, its highest worth since January 12.
This value pump got here after Binance introduced a brand new Easy Earn promotion on Twitter.
Primarily, Binance is incentivizing individuals to purchase and maintain PEPE by providing free tokens and elevated rates of interest – which is driving recent demand.
There are two parts to the promotion, with the primary being 700,000 free PEPE to new Easy Earn Locked Product customers who appropriately full a quiz.
The second aspect permits all Binance customers to earn an additional 9% APR on prime of the real-time APR merely for holding PEPE.
With extra traders desirous to capitalize on this supply, shopping for strain for PEPE has skyrocketed.
24-hour buying and selling quantity is up 117%, reaching $225 million.
But the query stays whether or not that is merely a short-term pump from the promotion or if PEPE can maintain increased ranges when it ends.
PEPE’s Technicals Trace At Additional Bullish Momentum Forward
PEPE’s technicals, there are causes to consider that the worth surge seen previously few hours might have endurance.
On the every day chart, PEPE seems to be breaking out of a bull flag sample that has been forming since February 15.
These patterns usually see an explosive upward breakout.
PEPE appears to be confirming this, breaking by way of resistance at $0.00000130.
Moreover, PEPE has tapped the 200-day Easy Shifting Common (SMA) as assist earlier than shifting increased.
This SMA usually acts as a value ground, offering a backstop throughout pullbacks.
So, whereas the Binance promotion could also be a short-lived catalyst, the technical image signifies there may very well be additional upside for PEPE even with out these incentives.
The bull flag breakout, shifting common assist, and former rise in early February all sign that PEPE may have the momentum to reclaim the yearly excessive set on January 10.
Is Meme Kombat The Subsequent Meme Coin to Surge as Trade Listings Close to?
The entire buzz round PEPE has prompted a seek for the subsequent breakout meme coin.
One new meme coin vying for consideration is Meme Kombat (MK), with its first trade itemizing lower than two weeks away.
Meme Kombat provides a enjoyable, meme-inspired battle enviornment the place MK holders can wager on hilarious fights.
The result of every battle is set on-chain, with those that wager on the successful fighter receiving extra MK tokens.
There may be additionally a staking system the place customers can earn rewards only for locking up their MK tokens.
By staking MK and backing totally different fighters within the battle enviornment, customers have a number of methods to doubtlessly revenue.
This gaming-focused method and the hilarious visuals make Meme Kombat an eye catching new entry to the meme coin market.
Meme Kombat’s presale just lately hit its $10 million funding purpose, resulting in large acclaim on Twitter and Telegram.
Nevertheless, traders have one remaining alternative to buy MK tokens for the discounted price of $0.279 earlier than Meme Kombat lists on exchanges.
No particular exchanges have but been introduced, however given Meme Kombat’s enormous presale elevate, some consider MK may very well be listed on Tier-1 platforms.
Finally, the latest hype round PEPE has been nice information for smaller meme cash like Meme Kombat.
With its open market debut on the horizon, MK may very well be value expecting a possible value surge quickly.
Traders can nonetheless purchase MK tokens at memekombat.io utilizing ETH, USDT, or BNB.