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- PEPE’s volume declined when it witnessed its latest price correction.<\/span><\/em><\/li>\n
- Market indicators and metrics remained bullish on PEPE<\/span><\/em><\/li>\n<\/ul>\n
LunarCrush’s data recently revealed some important data around <\/span>pepecoin [PEPE]<\/span><\/a>, which suggested that the token’s price could gain some upward momentum. However, the ground reality seemed to be different as PEPE’s daily chart was painted red. Are there any chances that the memecoin’s price turning will turn bullish in the coming days?<\/span><\/p>\n
Realistic or not, here’s <\/span>PEPE market cap in BTC<\/span><\/a>‘s terms<\/span><\/p>\n
PEPE to turn bullish again?<\/strong><\/h3>\n
As per LunarCrush’s data, PEPE topped the list of cryptocurrencies in terms of Galaxy Score. The metric can be taken as a typical bullish signal, thus suggesting that the memecoin’s price can turn bullish soon. <\/span><\/p>\n
However, things were yet to reflect in reality as PEPE’s price had declined by over 1% in the last hours. according to <\/span>CoinMarkrtCap<\/span><\/a>at press time, PEPE was trading at $0.000001743 with a market capitalization of more than $683 million, making it the 63rd largest crypto. <\/span><\/p>\n
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TOP 15 coins by @LunarCRUSH<\/a> Galaxy score<\/p>\n
Galaxy Score is a proprietary score that is constantly measuring crypto against itself with respect to the community metrics pulled in from across the web.$PEPE<\/a> #BNB<\/a> $BNB<\/a> $EGD<\/a> $SUSHI<\/a> $fil<\/a> $SNX<\/a> $CELO<\/a> $FTT<\/a> $ARB<\/a> $LDO<\/a> $GRT<\/a> $BLUR<\/a> $DEX<\/a> $flow<\/a>, pic.twitter.com\/ehBg7dnOEB<\/a><\/p>\n
\u2014 \ud83c\uddfa\ud83c\udde6 CryptoDiffer \u2013 StandWithUkraine \ud83c\uddfa\ud83c\udde6 (@CryptoDiffer) July 3, 2023<\/a><\/p>\n<\/blockquote>\n
Are metrics following the bullish narrative? <\/strong><\/h3>\n
A look at the memecoin’s supply distribution also gave a bullish notion. The tokens supply on exchanges registered a decline while its supply outside of exchanges increased. This was a typical suggestion of ongoing higher accumulation. <\/span>Pepe<\/span><\/a>‘s Market Value to Realized Value (MVRV) Ratio was also up substantially. <\/span><\/p>\n
Furthermore, PEPE latest price drop was accompanied by a decline in trading volume, which was also optimistic.<\/span><\/p>\n
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-19.23.05-04-Jul-2023.png\")
![\"\"](\"data:image\/svg+xml,%3Csvg%20xmlns=\")
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-19.23.38-04-Jul-2023.png\")
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/PEPEUSDT_2023-07-04_19-24-50.png\")
- Market indicators and metrics remained bullish on PEPE<\/span><\/em><\/li>\n<\/ul>\n
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-19.23.38-04-Jul-2023.png\"\/)
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/PEPEUSDT_2023-07-04_19-24-50.png\"\/)