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PEPE and MOG Show a Strong Correlation With ETH’s Price Action – Are New ATHs on the Horizon?
Date: Fri, Jan 31, 2025, 01:17 PM GMT Within the last few hours, the cryptocurrency market is witnessing a strong bullish rally, with Ethereum (ETH) breaking key resistance levels and leading the charge. This surge has also fueled impressive gains in Ethereum-based memecoins, Pepe (PEPE) and Mog Coin (MOG), which have seen a 9% and 14% increase, respectively, in the last few hours.
Source: Coinmarketcap At the same time, the recent analysis by crypto analyst @Plazma0x has come into the spotligh
Market sentiment - analysts predict a large influx of funds into AltCoins.
BTC dominance - BTC dominance may decline, indicating a rise in altcoins.
Institutional interest - more and more funds and institutions are following altcoins.
Ether surge - ETH and L2 solutions may drive a rebound.
Memecoin frenzy - speculative assets may quickly profit.
New narratives - Artificial Intelligence, Decentralized Finance, and RWA coins may perform better.
On-chain indicators - rising volume indicates increasing adoption.
Cryptocurrency regulation - clarity may boost investor confidence.
Increasing liquidity - after BTC reaches its peak, there is usually a bullish altcoin cycle.
Retail panic buying - the influx of new investors may drive up prices.
#DeepSeekImpact # FedHODL #altcoins # ETH #xrp