There has been heavy Pepe Coin whale action as Ethereum Price hints at an impending reversal in the larger crypto market. The last week saw analysts note that large whales have been accumulating enormous quantities of Pepe Coin as well as loading up on Remittix presale tokens, suggesting that an altcoin wide rally could be in sight in the event of the next Ethereum price move.
Technical analysts have observed bearish channel patterns on daily PEPE charts, indicating over 150% price explosion when Pepe Coin is trading above its 50-day moving average. On the same note, Remittix raised over $14.74 million in its presale and sold over 532 million of its tokens, an indication of investors’ demand for anything linking crypto utility with real-world finance.
Pepe Coin Whale Surge Implies Altcoin Season
Whale wallets have been buying PepeCoin at low prices, with figures indicating that their wallet bought 280.85 billion PEPE tokens at around $2.65 million. A single wallet now contains more than 1.4 trillion PEPE tokens valued at around $13.2 million at current prices.
Pepe Coin is trading at approximately $0.000008121 after appreciating over 16% from its March lows, with its market capitalization increasing to approximately $3.83 billion. The Logarithmic Broadening Wedge Channel is calling for an enormous future +1,200% increase in PEPE in the next wave upwards in crypto.
Max, an experienced analyst, also believes that the coin can reach a $50 billion valuation in the longer term, comparing its potential with that of Dogecoin’s rise to $80 billion in value in 2021’s bull run.
Ethereum Price Poised for Major Break-Out
Ethereum Price has shown patterns of consolidation around $1,832.52, which analysts have named as the gateway for the next upwards leg. The analysts foresee Ethereum price reaching $2800 to $3000 in the near term.
A sharp down move then should be expected before the lows are in and the bullish trend is finally begun. Technical analysts also speak of a close “coiling” pattern in ETH/USD trends, a pattern that in the past had usually preceded large price action.
Traders are going to be looking for breaks in trading volume over the $2,100 resistance, which could be an indicator of the beginning of another bull run. When Ethereum price breaks out, altcoins like Pepe Coin and utility tokens like Remittix can benefit from the inflow of new capital.
Remittix: Real-World Payment Innovation
Remittix is an international payments network on the blockchain that allows users to send crypto directly into, or deposit fiat directly from, any bank account globally. It imitates the functionality of mainstream bank apps but leverages crypto technology for instant transfers with no traditional FX costs or secret charges.
The presale of the project surpassed its competitors, with over $14.74 million raised within less than a month from the sale of over 532 million RTX tokens at $0.0757 per token. This makes Remittix amongst the quickest crypto presales, an indication of heightened investors’ appetite for use-case tokens.
Compared with sentiment-based meme coins or DeFi-based coins with no real-world utility, Remittix’s focus on cross-border payment effectiveness decisively tips in its favor. Both its locked liquidity, period of renouncement of the contract, as well as its working API roadmap, are in favor of its case for future viability and development.
Get Your Share in Today’s Presale of Remittix
With whales stacking Pepe Coin, Ethereum price is on the verge of a breakout, the time is right to invest in utility tokens. Presale Remittix tokens are as low as $0.0757, and the project has already raised huge sums. Join the presale today and position yourself for profit down the line as Remittix rolls out its global payment network.
Don’t Miss the Next-Generation PayFi. Visit the Remittix presale dashboard in order to link your wallet and buy RTX tokens. Be an early mover and enjoy the future of crypto-fiat payments before prices increase and the token is available for listing on exchanges. Claim your share of an opportunity that can capitalize on an upcoming Ethereum season as well as increasing demand for ease of remittance.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
