Ripple XRP Decision Raises All Boats: PEPE Price Too
Judge Analisa Torres’ ruling in the US District Court for Southern New York that Ripple selling XRP tokens to the public did not constitute promoting an unregistered security has upended the entire crypto complex.
Along with major altcoins, PEPE has been among the top beneficiaries of XRP news. XRP price predictions are getting ballistic, but so are PEPE forecasts.
In the case of PEPE this is not due to any particular utility of the token or legal, but to the scope of its brand, as this popular tweet shows:
Given the favorable wind for cryptocurrencies as a result of the XRP ruling, and prior to the news that BlackRock had come forward to launch a spot bitcoin ETF, there is now strong bullish momentum for PEPE.
PEPE Whale buys 1,357,644,743,404 tokens worth 2 million dollars
Indicative of these opportunities is the activity of the PEPE whales. Cryptonews analysis shows that buying activity among the 100 largest PEPE holders is heating up.
The second largest whale PEPE wallet, excluding exchange wallets, added 35,357,279,418 PEPE tokens in the last seven days.
But that’s small beer compared to the sixth largest PEPE whalebuying 1,357,644,743,404 PEPE tokens valued at $2,370,447 at the current price.
and if you think become a millionaire at the expense of PEPE is out of reach, think again – read our recent story on it today.
PEPE returns to its all-time high seems like a realistic proposal
A pump back to ATH looks like a solid prospect, presenting buyers at current levels with a 3.7 risk/reward ratio. $1,000 invested today will grow to $4,700 if ATH is tested again.
The Ichimoku cloud on the 12 hour chart suggests that there is strong support for an entry today.
Additionally, the volume profile, which measures buying interest at certain price points, shows that the control point that identifies areas of greatest trading interest is currently in play. That means that price action around current levels is likely to be critical to sentiment in the short to medium term.
Given the bullish nature of the context, more upward pressure on prices can be expected.
Take profit will naturally kick in at some point, so an element of dollar cost averaging may be prudent after taking an initial long position.
Alternatives to PEPE: $Wall Street Memes ($WSM) and Thug Life Token ($THUG)
If you’re looking for potentially even juicier opportunities in the market as the altcoin market gets going, then Wall Street Memes ($WSM) and Thug Life Token ($THUG) are definitely worth a look.
Wall Street Memes has raised $14.6 million in its ongoing pre-sale as buyers rush to snag the tokens.
The coin is the offshoot of the Wall Street Memes community of the same name, which already has a social community of a million people thanks to the meme stock craze.
Not many projects can boast that Elon Musk has interacted with their Twitter account, but Wall Street Memes can:
Now it is bringing that underdog vibe to meme coins and looks set to offer at least 10x profits at launch.
Thug Life Token has raised 1.47 million and is rumored to be connected to Snoop Dogg.
If that turns out to be the case, expect this coin to pump 100x or more. But even if those rumors prove unfounded, the coin’s brand appeal alone should see it rise above the rest of the meme coin crowd.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.