The market condition has once again turned bearish, pushing several crypto prices down, including PEPE price. However, investors might as well consider these top cryptos in order to earn profits in the days to follow.
Why Is PEPE Price Down?
The frog-based memecoin’s valued dipped by nearly 65 in the last 24 hours alone. This recent plummet, pushed the Pepe coin price down to $0.000009396 with a market capitalization of over $3.9 billion, making it the 29th largest crypto.a possible reason behind this latest dip can be rising bearish sentiment around the memecoin.
Santiment’s data revealed that PEPE’s weighted sentiment dropped significantly last week—a sign of dwindling investors confidence in Pepe price. Ergo, let’s take a look at other cryptos which are showing promise going forward.
Source: Santiment
Litecoin (LTC)
While PEPE$ price dropped, Litecoin (LTC) price has outshined all the top cryptos with its nearly double-digit gains. To be precise, the LTC price now has registered over 9% daily gains, pushing its value to $135. If this bullish momentum continues, it won’t be surprising to see LTC shaming the $150 barrier in the coming days. However, in case of a price correction, the coin might as well plummet to $120. Coinglass’ data revealed that the chances of the Litecoin moving towards $150 were high. This was the case as the coin’s long/short ratio increased. This meant that there are more long positions in the market than short positions.
Aureal One (DLUME)
Though PEPE price was not in investors’ favor, Aureal One has been revolutionizing the cryptocurrency sector with the introduction of its cutting-edge metaverse platform, which has drawn investor interest right away. The platform integrates blockchain technology with immersive virtual experiences to create a connected ecosystem that links gaming, the metaverse, and real-world applications.
Aureal One Blockchain’s primary applications, Clash of Tiles and DarkLume, showcase its technological potential. These programs guarantee engaging experiences that foster growth and strong connections between users.
The altcoin positions itself as a major player in the growing metaverse market. Investors should therefore stay vigilant to ensure they don’t pass up their opportunity to profit while Dogecoin price rises!
Ethereum Classic (ETC)
Unlike PEPE price, Ethereum Classic price followed the route of Litecoin as its value surged by more than 3% in the last 24 hours. At the time of writing, ETC price was at $20.7 with a market capitalization of over $3.12 billion. In fact, buying pressure around the token was also increasing, which was evident from the hike in its Relative Strength Index (RSI).
Whenever buying pressure increase, it hints at a continued price rise. Ergo, if bulls manage to sustain this momentum, then investors might soon see Ethereum Classic price touching the $29 resistance.
Source: TradingView
Final Words
Despite the recent 6% drop in PEPE price to $0.000009396, alternative cryptocurrencies like Litecoin (LTC) and Ethereum Classic (ETC) are showing promising gains. With innovative projects like Aureal One entering the market, investors have multiple opportunities to capitalize on emerging trends and diversify beyond memecoins like PEPE.
The post Pepe Price Drops 6%, But These 3 Cryptos Can Still Earn You Profits appeared first on CoinGape.
