Cryptocurrencies underperform as Bitcoin’s struggle triggers notable declines in the altcoins space.
These trends have catalyzed disinterest in the market as new wallets offload.
Cryptoquant data shows addresses that acquired Bitcoin within the past three months are reducing their exposure.
While uncertainty engulfs the market, PepeX has arrived to revolutionize themed digital currencies.
The new crypto project offers a one-of-a-kind meme Launchpad with transparency and developer accountability.
New BTC investors lose patience
New addresses that purchased BTC within the last 1 to 3 months are reducing their balances, with some buyers offloading at a loss.
That comes as Bitcoin hovers below $85,000, triggering panic selling.
The largest crypto by market cap plunged toward $80,000 following the latest selling wave.
Fears and the deteriorating financial landscape signal a weak structure despite BTC’s swift rebound to $84,000.
The 1 to 3-month holder category has offloaded BTC in recent sessions.
Their realized capitalization plummeted by over $100 billion since February, confirming robust selling actions.
The MVRV ratio indicates the chances of continued BTC slides to $70,000.
The bearish projection likely forced new traders to exit.
Meanwhile, analysts forecast possible recovery for Bitcoin.
For instance, Michael van de Poppe anticipated uptrends to $90,000 in the coming week if BTC retains the $80,000 support and tests $85,000.
Pretty good consolidation on #Bitcoin.
If it holds above $80K, and tests $85K, I’m sure we’ll see $90K in the upcoming week.
Lower timeframe trend reversal.
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However, Bitcoin’s weakness has forced some players to explore other options, particularly meme tokens.
Despite their wild volatility, themed cryptocurrencies have proved profitable, making millionaires over the years.
These developments favour PepeX, a new project providing a transparent meme token Launchpad.
Understanding PepeX
PepeX is a new crypto project offering a meme Launchpad that intends to eclipse the likes of Solana’s Pump.fun.
Meme cryptocurrencies have experienced faded demand in the past few months due to fraudulent activities.
For instance, Donald Trump faced rug pull allegations after investors lost massive cash on his meme tokens.
Also, the LIBRA scandal and its connection to Argentina’s president dampened interest in themed digital tokens.
However, PepeX wants to change this narrative with high-end functionalities, including ant-rug features and token allocation limitations for project founders.
PepeX leverages artificial intelligence with memes’ viral dynamics.
Their platform allows anyone to transform ideas into thriving cryptos within minutes.
Further, PepeX will handle everything, including marketing the assets, managing its community, and launching the token onto decentralized exchanges (DEX).
PepeX will introduce the PepeX.fun Launchpad this month, March 24.
The project boasts incredible profitability during its ICO, with prices increasing by 5% after each presale stage.
The alt starts trading at $0.02 and will surge to $0.0823 by the final presale stage.
That means a remarkable 311% profit during the ICO.
PepeX looks to outshine established meme tokens with explosive growth in the coming months and years.
You can visit PepeX’s official website for more information.
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