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Showing posts with the label tech analysis

3 reasons why Pepe price will continue to fall in September

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A mix of on-chain, fundamental, and technical indicators hint at a continuing Pepe price decline ahead. Pepecoin (PEPE) price has crashed nearly 85% from its record high of $0.00000448 in May 2023. What's more, its bearish momentum is likely to continue in September.  Back-to-back Pepecoin security breaches Pepecoin has suffered two concerning security breaches in the last two weeks. First, on Aug. 24, Pepecoin's rogue founding team members transferred $16 million worth of PEPE tokens to exchanges to potentially sell them. That created concerns across the community about a potential "rug pull scam," causing a 30% decline in the PEPE market. Then, on Sep. 9, Pepecoin's official X (aka Twitter) handle confirmed that an anonymous entity dubbed "lordkeklol" had hacked their accredited Telegram channel.  $PEPE Announcement The old telegram for $PEPE is hacked and no longer in our control. The “lordkeklol” account has been compromised. Whoever has gained a...

Opinion: The Inter-Blockchain Communication Protocol will end ecosystem maximalism

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IBC is going to allow assets to move between blockchains without the high level of risk inherent to bridging. When I entered crypto, I succumbed to the contest between block chain ecosystem s, believing one had to be “better” than others. I have since realized the future of cryptocurrency is bringing with it a variety of platforms that will excel at different things. With the Inter-Block chain Communication Protocol (IBC), I’ve left behind the days of thinking chain s have to compete and embrace a connected inter chain future. Let me explain. Solana, Polkadot, etc. — what do they have in common? They are individual state machines, each trying to achieve something only one has done before: create a sustainable, robust ecosystem of developers, investors and, most importantly, users. So far, Ethereum shows no signs of slowing. Since beginning the summer of 2020 with an 8% share of the total crypto market, Ether (ETH) has since captured nearly 20% of the market and has remained there....