Feeling pepish about something coming soon… 🐸 pic.twitter.com/PEwsTOVT22
— Gemini (@Gemini) June 22, 2023
Crypto sentiment turns bullish

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0.61%Reading
Pepecoin (PEPE) is up over 79% on the week, leading a meme coin rally that’s seen Dogecoin (DOGE), Shiba Inu (SHIB) and Floki Inu (FLOKI) rise by double digits in the same timespan.
Over the week, Dogecoin has risen by 11.2%, Shiba Inu by 25.6% and Floki Inu by 30.9%, per data from CoinGecko.
The momentum has built over the week, with the total market cap of meme coins posting gains of 11% in the past day, over 2.5 times that of the 4.2% gains seen by the total market cap of all cryptocurrencies.
PEPE’s price chart shows that a considerable portion of the surge came late on June 21, likely following Bitcoin’s strong bullish action above $30,000. At time of going to press, PEPE is up over 43% in the last 24 hours, at $0.00000151.
Besides an uptrend in Bitcoin pulling PEPE along in its wake, U.S.-based Gemini exchange also hinted at a PEPE listing.
Feeling pepish about something coming soon… 🐸 pic.twitter.com/PEwsTOVT22
— Gemini (@Gemini) June 22, 2023
Shiba Inu developers, meanwhile, announced the launch of Shibacals, a protocol to tag real-world assets as NFTs, likely boosting positive sentiment around the dog-themed meme coin.
Shibacals will employ Near Field Communication (NFC) chips to digitally authenticate physical items on the Shibarium blockchain. An NFC chip enables wireless connection over short distances.
Shibarium is a Ethereum layer-2 blockchain that uses SHIB, Bone (BONE) and Leash (LEASE) tokens for ecosystem development.
The Crypto Fear & Greed index by alternative recorded a steep rise in the last two days, touching two-month levels of 65, indicating a rise in bullish sentiment.
The index quantifies the crypto market’s sentiment by using signals such as Google trends, surveys, price action, and volume momentum. The metric fluctuates between 0 to 100 with higher values representing overbought conditions and vice-versa.
The total cryptocurrency market cap reached $1.22 trillion on Thursday, erasing the losses incurred in June after the U.S. Securities and Exchange Commision brought lawsuits against Binance and Coinbase.
The top meme coin by market cap, Dogecoin, is diving lower amid a broader market sell-off, dropping nearly 6% in the last 24 hours as tensions between Israel and Iran flare following Israel’s airstrikes late Thursday. The dog-themed meme coin leader is now trading below $0.178, down 23% over the last month and more than 75% from its all-time high of $0.73 in 2021. The meme category as a whole is underperforming major assets, dropping 9.5% in the last 24 hours compared to 2.6% and 8% for Bitcoin...
The Middle East is again at war, with rising tensions between Israel and Iran spooking markets and sending prices for both traditional and crypto assets, such as Bitcoin and Ethereum, tumbling to weekly lows. Is it time to panic for Bitcoin investors? The data currently doesn’t support that view. Bitcoin dropped 4.5% in the past 24 hours to trade at $104,343, while Ethereum crashed 8.2% to $2,552 as escalating Middle East tensions sparked a massive risk-off move across cryptocurrency markets. Th...
Crypto prices have plunged in the wake of Israel's airstrikes on Iran, with major altcoins taking significant hits and liquidations passing $1 billion, as markets braced themselves for Iran's response. Ethereum has tanked 7.8% over the past 24 hours to $2,533, according to CoinGecko, while XRP dropped 3.9% to $2.13 and Solana 8.4% to $145. The best-performing assets in the top 15 cryptocurrencies by market capitalization are both stablecoins holding their peg to the U.S. dollar—never a good sign...