The recent Federal Reserve interest rate announcement has led to notable shifts in the cryptocurrency market. Bitcoin‘s value fell from $69,900 to $68,000, which spurred a broader decline in altcoin prices. Despite this downward trend, certain digital assets, particularly two meme coins and a popular altcoin, exhibited resilience and defied the market’s overall movement.
What Is the Price of PEPE Coin?
PEPE, which has garnered significant attention recently, saw over a 10% drop in the past week due to selling pressure after hitting its all-time high. However, following today’s FED decision, PEPE’s price movements brought relief to its investors.
Over the last 24 hours, PEPE’s value increased by more than 1%, reaching $0.00001311. This uptick is attributed to a pause in heavy selling, suggesting that major holders, or whales, might be holding off on further sales. As a result, PEPE’s market capitalization rose to $5.5 billion, with a 5.80% increase in its 24-hour trading volume, which reached $1.4 billion, making it the 9th most traded cryptocurrency.
Latest Status of NOT Coin
NOT Coin has made a notable mark in the crypto market over the past month. Emerging as a Telegram bot on the TON network, NOT quickly gained traction and was listed on major exchanges. Although its price briefly touched $0.037, it soon corrected.
Currently trading at $0.01813 after a 13.82% rise in the last 24 hours, NOT remains well above its initial launch price of $0.000779. Its market cap is $1.8 billion, and its 24-hour trading volume rose by 45% to $1.2 billion.
What Is the Price of Shiba Coin in TL?
SHIB, the second-largest meme coin after DOGE, showed a contrary movement to the market’s general trend. SHIB recovered from its early-week decline, posting a 2.68% increase in the last 24 hours, trading at $0.00002221, which was positively received by investors. However, SHIB is still 75% below its all-time high (ATH). In Turkish Lira (TRY), SHIB is priced at 0.00072110 TL.
SHIB’s market cap remains above $13 billion, while its 24-hour trading volume saw a 4% increase, reaching $850 million.
Key Takeaways for Investors
- PEPE’s recent increase suggests a potential stabilization phase after heavy selling.
- NOT Coin’s rapid listing on major exchanges highlights the importance of timely market entries.
- SHIB’s performance indicates that it can still attract positive investor sentiment despite being far from its ATH.
The recent developments in the cryptocurrency market following the FED’s interest rate decision highlight the dynamic nature of digital assets. Investors should closely monitor market trends and consider the resilience of specific coins when making investment decisions.
