Just like with any other asset, the price action of Pepe Cash is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard https://cryptolisting.org/ forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of PEPECASH.
- The current Pepe Cash sentiment is bearish according to our technical analysis.
- The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data.
- Utilizing blockchain technology, the founders of PEPECASH hope to improve and monetize so-called memes and digital art.
- The Pepe Cash project was no exception, borrowing its likeness from the insanely popular meme, Pepe The Frog.
As of October 2021, about 700 million $PEPECASH in circulation; the currency is applied to purchase certificates with which users can obtain digital artworks. The Bitcoin system guarantees the value of PEPECASH, which reduces the risk of investment loss. The task of the organization is to estimate the cost of a meme, which directly depends on its rarity. The Pepe Cash platform is a decentralized storage of Pepe the Frog memes and illustrations.
PEPECASH Technical Analysis
In 2016, during the election campaign in the United States, the meme circulated rapidly online. In that same year, Pepe the Frog appeared on the blockchain platform and emerged into a full-fledged cryptocurrency known as PEPECASH. Pepe Cash price in US Dollar has increased by 0.00% in the last 1 month.
If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. PEPECASH can’t be bought directly with fiat, but you can purchase BTC first and then trade it for PEPECASH on crypto exchanges. As of October 2021, Pepe Cash is listed on Dex-Trade – a centralized crypto exchange based in the United Kingdom.
PEPECASH is down -0.89% against Ethereum and down -2.80% against Bitcoin in the last 1 month. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the PEPECASH price. Pepe Cash (PEPECASH) is built on the Bitcoin blockchain and works similarly.
Each candlestick will display PEPECASH’s opening price, closing price, as well as the highest and lowest prices that Pepe Cash reached within the 1-hour period. Many cryptocurrency traders pay close attention to the markets when the current Pepe Cash price crosses an important moving average like the 200-day SMA. Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. Most traders use candlestick charts, as they provide more information than a simple line chart. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.
What was the lowest price?
The year 2021 surprised the crypto community with a sharp increase in meme coins. With multiple DOGE copycats springing up in recent years, it’s no surprise that pepe cash price other meme coin projects wanted to join in. The Pepe Cash project was no exception, borrowing its likeness from the insanely popular meme, Pepe The Frog.
For currencies that are negatively correlated with Pepe Cash, a move in one direction for Pepe Cash would translate into a move in the opposite direction for the negatively correlated coin. Regulations governing cryptocurrencies vary by jurisdiction and may change over time, which could impact the legality and use of cryptocurrencies. If you are planning to trade crypto, please consult a financial adviser. Pepe Cash currently sits above all 10,20,50,100, and 200-day EMAs. There was no trade for the last 24 hours, meaning no one sold or bought this coin. Pepe Cash (PEPECASH) is the currency of the Pepesphere, which is powered by the Counterparty blockchain.
Pepe Cash Links
On the Japanese market, the prices for Pepe art are higher than on the American market, and in Venezuela, the adoption of PEPECASH is much wider — at the state level. The Pepesphere is an abstract concept where the tokenized Pepes are traded, therefore, users can sell or buy rare Pepes on the site with PEPECASH. The table above shows the number of days which Pepe Cash closed above a certain price level. To get a better idea of what could happen to the Pepe Cash price in the future, it’s helpful to also explore Pepe Cash’s price history. Currencies that are positively correlated with Pepe Cash indicate that the movement of one has a statistically significant weight to lead the other in the same direction.
Currently, the RSI value is at 36.37, which indicates that the PEPECASH market is in a neutral position. You can gain Pepe Cash for free by submitting your own version of the meme starring Pepe the Frog. An artist decides how many copies there will be and places the certificates on the platform for sale. All memes are moderated; the system makes a note about authorship and rare Pepe art gets appraised at a higher price.
The Pepe Cash price prediction on CoinCodex is calculated using the historical Pepe Cash price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Pepe Cash prediction. The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Pepe Cash. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels.
Rare Pepe Directory has a formal application process– all it takes is 200 PEPECASH and an original creation. The target audience of the project are collectors, artists and, naturally, investors. Currently, the Pepe Cash Fear & Greed Index stands at 55, which means that investors’ sentiment is in the so-called Greed zone. Investors should conduct their own research and analysis before making any investment decisions. You should also be aware of the potential for loss, and only invest what you can afford to lose. Any personal information and passphrases remain in the user’s browser, as well as transaction data which is collected in the client’s browser and later sent to the Bitcoin network.
Is it profitable to invest in Pepe Cash?
Thus, Pepe Cash (PEPECASH) is a cryptocurrency for art lovers, invented for profit and just for fun. Rare Pepe cards are assets that have been developed using the Counterparty blockchain, and are stored on the Bitcoin blockchain inside BTC transactions. Users can buy and exchange digital artwork via the Pepe Cash platform. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.