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Pepe (PEPE) and Bonk (BONK) holders are at a crossroads as market dynamics prompt a strategic shift. While the meme coin market, including stalwarts like Dogecoin and Shiba Inu, faces headwinds, Pushd – a web3 marketplace, is rising.
PEPE under pressure
PEPE remains bearish.
Despite some recovery attempts, PEPE remains under pressure, creating a falling channel on the daily chart.
This downtrend threatens to break through the critical support level, potentially leading to significant losses.
Its market cap is down 24% in a month.
PEPE has support at $0.000001171.
The possibility of a rally hinges on whether prices will remain above this support level.
BONK under pressure
Bonk is down by 70% after rising to an all-time high.
Despite this, it remains the third-largest meme coin, after Dogecoin and Shiba Inu.
The recent struggles of meme coins have raised concerns about their long-term sustainability.
Trading activity on Solana involving BONK has also declined, indicating a cautious stance.
However, potential market shifts, such as the anticipated approval of spot Bitcoin ETFs, could spark renewed risk appetite and benefit BONK and other meme coins.
Pushd sets eyes on eCommerce
Pushd seeks to reshape eCommerce by providing a decentralized platform connecting global buyers and sellers.
This innovative approach eliminates intermediaries, ensuring a seamless and trustless environment.
Its user-friendly interface, acceptance of various cryptocurrencies, and built-in swap service for quick conversions address industry challenges.
Its commitment to lower seller fees, immediate fund releases, and privacy-focused operations set it apart from traditional eCommerce giants.
Investment insights
As the global eCommerce sector’s value rises, Pushd positions itself as a promising solution.
With a secure investment structure and thorough audits, Pushd is available for $0.048 in stage two of its presale.
If crypto prices expand in 2024, PUSHD may benefit.
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