As a seasoned researcher and crypto enthusiast with a nose for detecting market trends, I’ve been closely monitoring the movements of various altcoins, particularly memecoins and AI tokens. It seems that the trend has continued to be bearish for both Pepe [PEPE] and Worldcoin [WLD]. However, recent developments have caught my attention. A new whale with a penchant for accumulating digital assets has shown renewed interest in these two coins, amassing over 297 billion PEPE and 273,267 WLD.
Memecoins and AI tokens have experienced divergent price trends in recent weeks.
Recently, it appears that the trends for these two types of digital currencies, Pepe (PEPE) and Worldcoin (WLD), have been going their separate ways. However, a new prominent investor, often referred to as a ‘whale’, has shown signs of amassing substantial amounts of both PEPE and WLD.
The amassing of this whale indicates a persistent fascination, even amidst fluctuating market scenarios, for both memecoins and AI tokens.
Whale accumulates Pepe and Worldcoin
According to the latest figures from Etherscan, an unknown whale has amassed approximately 297 billion Pepe coins, which is currently worth over $2 million.
Further analysis showed that this same address has also acquired 273,267 WLD, worth over $391,000.
Although memecoin prices have dropped significantly more than AI tokens recently, WLD is still stuck in a downward trend.
Pepe sees a slight price increase
As a researcher, I’ve observed a downward trend in Pepe’s performance on a daily basis over the recent past.
In the previous trading period, the graph displayed an upward trajectory, as the price surged more than 6%. This surge lifted Pepe’s price from roughly 0.0000071 cents to about 0.0000076 cents.
As of this writing, Pepe has experienced a slight slip, with the price declining by 0.34%.
Furthermore, the data suggests a potential Death Cross scenario. This means that the longer term average (depicted in blue) might soon rise over the shorter term average (illustrated in yellow).
In simpler terms, the current average prices seem to be acting as barriers or obstacles for Pepe’s cost at the moment, indicating potential difficulties for its short-term growth.
Worldcoin follows Pepe’s footsteps
According to AMD Cryptocurrency, Worldcoin has been experiencing a decrease recently. Right now, its Relative Strength Index (RSI) is below the average level, suggesting that it’s currently moving downwards, or in other words, showing signs of a bearish market.
Instead of decreasing like PEPE, Worldcoin has slightly increased over the past two days. Currently, it’s trading at approximately $1.4, which represents a 0.34% rise.
It’s worth noting that the value of AI-related tokens has seen a substantial growth recently, yet World of Dance (WLD) hasn’t played a prominent role in this upward trend.
Read Pepe’s [PEPE] Price Prediction 2024–2025
Based on the latest data from the new whale address, it seems there’s a growing assumption that Whale Coin (WLD) could potentially rise in value shortly.
In much the same way, an increase in Pepe suggests that traders anticipate a rise in price after it has experienced several weeks of decreases.
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2024-09-04 03:04