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PEPE Investors Switching to Dogecoin: What's Driving the Trend?

beincrypto.com

The PEPE price has tumbled by more than 45% from its monthly peak of $0.00000183 recorded on July 3. On-chain data hints that investors dumping PEPE for Dogecoin (DOGE) could hamper the chances of an early price recovery.

Read in Full: beincrypto.com
Bitcoin DOGE
$ 0.15362
Bitcoin PEPE
$ 0.00000938

Timeline of Dogecoin, Pepe


Dogecoin Whales Scoop Over $200M Worth of Coins in Under a Month Amid Bullish Price Outlook - Zycrypto

Dogecoin whales have made a significant splash in the crypto market in recent weeks, acquiring $225 million worth of DOGE coins, according to data from the on-chain analytics platform IntoTheBlock.


$DOGE: Crypto Analyst Ali Martinez Takes a Closer Look at Latest Dogecoin Price Action - CryptoGlobe

In the midst of Dogecoin's impressive surge over the past week, prominent crypto analyst Ali Martinez has shed light on some pivotal market trends. While Bitcoin and other heavyweight altcoins are experiencing a downturn, this canine-themed digital asset is barking up the right tree with a double-digit gain over the past week.


Dogecoin (DOGE) Outperforms Cryptocurrency Market - UToday

The meme-originated cryptocurrency, Dogecoin (DOGE), has once again outperformed the broader cryptocurrency market. This surge comes in the wake of rumors of a possible connection between the coin and Elon Musk's recently rebranded platform, "X," formerly known as Twitter.


Dogecoin surges as Elon Musk's Twitter activity sparks interest - Cryptopolitan

The digital asset market may have been relatively quiet, but one cryptocurrency that stands out with a remarkable surge is Dogecoin. The surge can be attributed to Twitter CEO Elon Musk.


“Dogecoin Payments On X Hard To Roll Out”: Coinbase Exec - Coingape

Crypto News: Twitter's rebranding to X is perceived by many as a risky move as Elon Musk plans to make the platform the ‘The Everything App' for the financial world. Because finance is centered around payments, which requires user trust and puts a lot at stake for Musk's brand reputation.


Rebranding Twitter to X Sends Dogecoin On A Rally — Here's Why DOGE Could Explode Soon - Zycrypto

At the start of the week, Twitter ditched the bird logo for X in a rebrand that has sent the community buzzing, but amid the chatter, Dogecoin (DOGE) has ridden the wave to go on a strong rally.


Dogecoin Price X-Triggered Rally: A Bullrun or False Bull Trap? - Coingape

Dogecoin price set out on an unexpected rally this week following Elon Musk's decision to rebrand the leading microblogging platform to X from its well-known Twitter brand. The billionaire said that X will extend its service scope to include digital payments, think of it as China's WeChat.


First Mover Americas: Dogecoin Takes Center Stage - Coindesk

The latest price moves in bitcoin (BTC) and crypto markets in context for July 26, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.


Dogecoin Community Tells Elon Musk It Regrets Losing Doge as Twitter Logo to 'X' - UToday

The boss of the popular Twitter blogging app that is now being rebranded into the laconic "X"—the future "everything app"—Elon Musk, has shared a video featuring the new "X" logo of the platform.


DOGE rockets 17% in a week as $0.1 target looms large - Finbold

In the world of cryptocurrencies, Dogecoin (DOGE) has undoubtedly taken center stage as one of the top performers on the weekly chart. With a surge of interest sparked by the hype surrounding Twitter's rebrand and Elon Musk adding DOGE's symbol to his bio, the meme-inspired coin has garnered the attention of investors.

Bitcoin Bitcoin
67273.2000 0.45%
Ethereum Ethereum
3113.70000 -0.04%
BNB BNB
579.762000 -0.08%
Solana Solana
174.118000 0.62%
XRP XRP
0.52070800 -0.68%