The PEPE price is in a correction phase as part of a broader trend in the crypto market, having found itself at a critical support level. Despite the current PEPE correction, the situation may change for the better because investor confidence in memecoin remains high. BlockDAG (BDAG) multi-level presale campaign gains new supporters in April. BlockDAG is currently in the 7th presale batch, selling BDAG coins at $0.04 per token, with the price slated to incrementally rise in future batches.
PEPE Investors Remain Calm
Despite a recent 26% drop, the outlook for the popular memecoin appears to remain bullish, driven by investor optimism. This is evidenced by the shift of tokens from short-term to medium-term holders, indicating a deeper desire to preserve investments for potential future gains.
Currently, 36 trillion PEPE worth over $232 million has moved from the hands of short-term investors, who typically hold the asset for less than 30 days, to medium-term investors, who hold their coins for one month to a year. This significant shift reflects investors’ growing faith in the memecoin’s prospects.
Confidence isn’t just limited to retail investors. Whales are also showing bullish sentiment, gaining almost 4 trillion tokens worth about $26 million over the past day. This collective support from investors forms a powerful protective barrier against further declines.
PEPE Price Forecast
At the time of writing, the coin is currently trading at $0.00000659 and is just above the important support line at $0.00000633. This milestone has remained unshakable over the past month. Judging by the bullish sentiment of investors and the positive signals of the Ichimoku cloud, which indicates a bullish trend when located below the candles, the token is ready for a potential rebound.
This could cause the price to rise above $0.00000826 and even to a new historical high of $0.00001000. However, if Pepe breaks the current support level, it could trigger a correction, calling into question the bullish outlook and potentially leading to a decline to the next support level at $0.00000474.
BlockDAG for a Greener Crypto Future
BlockDAG (BDAG) unveils technological advancements transforming the realm of blockchain with its groundbreaking approach to significantly reduce energy use. This paves the way for a new era of environmentally conscious crypto technology.
This commitment to minimizing the ecological footprint resonates with the growing demand for sustainable investment options, positioning BlockDAG as a frontrunner in green cryptocurrency innovations. Moreover, BlockDAG is demonstrating its dedication to championing a more sustainable future in the digital currency space. Notably, the current presale price is set at $0.004 per coin.
BlockDAG New Whitepaper
The release of BlockDAG’s technical whitepaper has ignited additional excitement, signifying a critical juncture for the project and the wider blockchain community. BlockDAG tackles the critical issues of scalability, throughput, cost, and delays frequently encountered by traditional blockchains during peak usage times by using Directed Acyclic Graph (DAG) tech and the Proof of Engagement consensus mechanism. This innovation allows for the parallel processing of transactions, improving efficiency and reducing delays.
