The crypto trader and analyst Altcoin Sherpa uploaded his latest analysis for several altcoins yesterday. Sui (SUI) and Pepe (PEPE) present good buy opportunities, according to the trader. He also warned that the altcoin market is still at the mercy of Bitcoin (BTC).
Commenting on the sharp rise in Bitcoin transaction fees, Hayden Hughes, co-founder of social-trading platform Alpha Impact, told Bloomberg on Monday that Ordinals have caused a “massive run up in network fees and congestion.”He further explained that this caused Binance and other exchanges, which typically operates with fixed fees for withdrawals, ran into trouble since the fees they charged users fell short of the actual network fee.
Sologenic Co-Founder Bob Ras recently revealed his insights on Bitcoin’s trajectory amidst the current banking crisis and potential changes in the Federal Reserve’s monetary policy.
Not just Pepe alone, Floki Inu turned on a green light and exploded by more than 80% today following Binance’s announcement of listing the duo meme coin on its exchange’s innovation zone. It is ranked the second top-gainer of the day behind Pepe.
Delphi Digital newsletter writer and crypto analyst @cryptunez has made the bold prediction that the Pepe price rise will continue until it overtakes Shiba Inu as the second largest meme coin. Today with a market cap back under $1 billion - approximately $750 million following the latest round of Binance FUD over it pausing withdrawals - his Pepe price prediction comes after a 65% correction from its current blow-off top.