The cryptocurrency market saw a significant shift following the announcement of the FED interest rate decision. Bitcoin’s price dropped from $69,900 to $68,000, leading to a decline in altcoins. However, there were some market participants who challenged BTC, with two meme coins and a popular altcoin moving against the market trend.
Pepe Coin Price Update:
Pepe Coin, which had been attracting attention in the past two weeks, faced intense selling pressure after reaching its all-time highs, resulting in a drop of over 10% in the last 7 days. Despite the overall market downturn following the recent announcement, Pepe’s price movement brought relief to its investors. The current price of PEPE is $0.00001311, showing a slight increase of over 1% in the last 24 hours. This could indicate that whales are taking a break from selling in the cryptocurrency that has been on a downward trend. With this increase, PEPE’s market cap reached $5.5 billion, making it the 9th most traded cryptocurrency with a 24-hour trading volume of $1.4 billion.
Not Coin Update:
Not Coin made a significant impact last month, emerging as a Telegram bot on the TON network. Despite a momentary rise in price to $0.037, it quickly pulled back. Currently, NOT is trading well above its launch price of $0.000779, with a price of $0.01813 after a 13.82% increase in the last 24 hours. Its market cap is at $1.8 billion, with a 24-hour trading volume of $1.2 billion and a 45% increase.
Shiba Coin Price in TL:
Shiba Coin, positioned as the second-largest meme coin after DOGE, showed a positive movement contrary to the market. After a 2.68% rise in the last 24 hours, SHIB is trading at $0.00002221, which was well-received by investors. However, it is important to note that SHIB is still 75% away from its all-time high. 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 and a 4% increase.
Please note that the information provided in this article should not be considered as investment advice. Cryptocurrencies are highly volatile and risky, and investors should conduct their own research before making any decisions. Stay updated with our news on Telegram, Facebook, Twitter & Coinmarketcap.