**Bitcoin and Dogecoin Experience Significant Market Setbacks Amidst Crypto Liquidations**
Both Bitcoin and Dogecoin have encountered notable market declines as the cryptocurrency sector faced substantial asset liquidations. The pivotal $90,000 threshold was breached by Bitcoin, which subsequently fell to new lows of $88,000, while Dogecoin plummeted below $0.2050. In the midst of this downturn, #PEPETO, a fresh meme coin boasting solid fundamentals, has emerged as an exciting alternative.
**Bitcoin Drops Below Key Support as Market Faces Heavy Liquidations**
The cryptocurrency market reacted to a surge in selling pressure, causing Bitcoin prices to drop by 8.9%, reaching a new low of $88,600 over the past thirty days. This significant price decline resulted in $272 million worth of Bitcoin positions being liquidated, contributing to a total of $881 million in liquidations across the broader market. Bitcoin now faces the need for another market-wide price decrease, having failed to maintain its 23.6% Fibonacci support level. During this period, Binance traders ramped up their trading volume, resulting in a long-to-short position ratio of 2.88. Bitcoin’s open interest remained steady at $60.05 billion, with no major changes occurring. On-chain data indicated low participation, as new addresses hit their lowest level since July 2024.
**Dogecoin Struggles After Breaking Key Support Levels**
Dogecoin also experienced a significant downturn after breaking through critical support levels, dropping to $0.2052. The price fell below the 23.6% Fibonacci retracement zone and encountered resistance near the $0.2180 mark. This downward resistance has hindered Dogecoin’s ability to regain its market value.
**PEPETO Gains Momentum as a Promising 100x Memecoin**
PEPETO, an up-and-coming project centered on community engagement and utility, has distinguished itself as a noteworthy alternative. With staking rewards soaring to 316% and a well-structured tokenomics model, #PEPETO presents long-term potential. Amid the broader crypto market’s turbulence, PEPETO has attracted attention for its robust fundamentals and organized approach. The project raised $4.8 million during its pre-sale phase, reflecting growing enthusiasm among traders. Unlike many meme coins, PEPETO emphasizes utility and security, making it appealing to both retail and institutional investors.
PEPETO’s tokenomics are designed for long-term sustainability, allocating 30% for presale, 30% for staking, and 20% for marketing. This approach sets PEPETO apart from typical hype-driven models prevalent in the meme coin space. By offering multiple payment options, including Ethereum, Tether, and Binance Coin, #PEPETO ensures accessibility for a broader audience. Security is a top priority, with #PEPETO undergoing audits from reputable firms to bolster confidence. PEPETO distinguishes itself from the usual pump-and-dump schemes by maintaining transparent operations that help traders identify reliable assets in the evolving meme landscape.
