Following the recent FED interest rate decision, the cryptocurrency market experienced a notable shift. Bitcoin’s price dipped from $69,900 to $68,000, leading to a downward trend in altcoins. Despite this, a few market players stood up against BTC. Two meme coins and a recently popular altcoin defied the prevailing market sentiment.
PEPE Coin, which has been the center of attention in recent weeks, saw a more than 10% drop in the past week due to intense selling pressure after hitting its all-time high. However, following the latest market developments, PEPE’s price showed a positive movement that pleased its investors. Within the last 24 hours, PEPE’s price rose by over 1% to reach $0.00001311. This increase indicates a temporary halt in the downward trend of the cryptocurrency, which has been declining for some time.
With this rise, PEPE’s market cap reached $5.5 billion, and its 24-hour trading volume grew by 5.80% to $1.4 billion, making it the 9th most traded cryptocurrency.
Not Coin, which made waves last month after its debut as a Telegram bot on the TON network, also showed positive momentum. Despite a brief spike to $0.037, the price quickly retreated. Currently, NOT is trading at $0.01813, following a 13.82% increase in the last 24 hours. Its market cap sits at $1.8 billion, with a 24-hour trading volume of $1.2 billion.
Shiba Coin, positioned as the second-largest meme coin after DOGE in the crypto world, displayed a different trajectory compared to the general market movement. After a 2.68% increase in the last 24 hours, SHIB is trading at $0.00002221. Although it has not yet reached its all-time high, investors responded positively to this recovery. In terms of TRY, SHIB is trading at 0.00072110 TL.
SHIB’s market cap remains above $13 billion, with a 24-hour trading volume of $850 million after a 4% increase.
It is important to note that the information provided in this article is not intended as investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and should conduct their own research before making any investment decisions.