Pepe, the meme-inspired cryptocurrency, could be signaling trouble for Bitcoin
The swift boom-and-bust cycle of the Pepe token, largely driven by a fear of missing out among investors, has had a noticeable impact on the crypto market, potentially contributing to a recent dip in Bitcoin's value.
Joe Rotunda, director of the enforcement division at the Texas State Securities Board, has cautioned about the potential risks tied to volatile digital assets like. Rotunda likened crypto investing to a game of musical chairs, where investors frequently struggle to secure a safe position once the music stops.
Now that the initial hype surrounding such tokens has subsided, their values can plummet, leaving investors grappling with potentially significant losses.These concerns are becoming more tangible as Bitcoin's price has taken a hit. At press time, its price is sitting at $27,431 on the Bitstamp exchange, showing a slight increase of 0.1% in the past 24 hours. The flagship cryptocurrency is far from reclaiming the much-coveted $30,000 level.
This downturn in Bitcoin's price could be a direct fallout from the speculative frenzy surrounding new cryptocurrencies like Pepe. This recent turn of events underscores the high-risk, high-reward nature of investing in cryptocurrencies, particularly those that ride the wave of internet trends and memes.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Elon Musk's New Meme Tweet Pushes PEPE 54% Up, Whales Buy Trillions of PEPE$PEPE soars 46% as elonmusk turns his attention to it pepecoineth OnchainDataNerd
続きを読む »
Pepe (PEPE) Surpasses Bitcoin (BTC), Shiba Inu (SHIB) in Social EngagementPepe (PEPE) leads in social engagement, Bitcoin (BTC), Shiba Inu (SHIB) behind $PEPE $BTC $SHIB
続きを読む »
PEPE Shoots Up 20% Daily, Bitcoin Flat at $27K (Weekend Watch)After several consecutive days of price drops, PEPE has bounced off rather impressively.
続きを読む »
Bitcoin price hits $27.2K, but new analysis warns more losses 'likely'$27,200 is 'likely' not enough to save BTC from the bears, warns RektCapital.
続きを読む »
Bitcoin Supply Dormancy Hits All-Time HighBitcoin's supply dormancy, measure of how long Bitcoin remains idle in wallets, has hit all-time high, indicating that significant percentage of Bitcoin investors are adopting long-term investment strategy
続きを読む »
Black Panther Sports New Costume as Wakanda's Batman in New SeriesWhen T'Challa is exiled and stripped from all of his Wakanda resources, the Black Panther dons a new costume in a move reminiscent of Batman.
続きを読む »