• Crypto strategist Altcoin Sherpa predicts that the altcoin Pepe (PEPE) is likely to more than double in value.
• He suggests that Bitcoin (BTC) may chop around the $25,000 range for days before continuing higher.
• Pepe is currently trading at $0.00000116, up more than 2,000% since April 18th.

Altcoin Sherpa Predicts a 2x Rally for Pepe

A widely followed crypto strategist says that one altcoin is likely to more than double in value after a parabolic rally. Pseudonymous analyst Altcoin Sherpa tells his 195,900 Twitter followers that memecoin Pepe (PEPE) is poised to rally 2x from its current price. Using Fibonacci retracement levels, a method of technical analysis for determining an asset’s support and resistance levels, Sherpa predicts Pepe is going to bounce to a price of $0.00000234, which is the .50 Fibonacci level. Pepe is trading for $0.00000116 at time of writing, up more than 2,000% from its earliest low price of $0.0000000551 on April 18th.

Altcoin Sherpa Updates Outlook on Bitcoin

The trader weighs in on Bitcoin (BTC) and predicts the crypto king will likely chop around the $25,000 range for days, if not weeks, before a move to the upside. His chart shows the 200-day exponential moving average (EMA), an indicator used by traders to help determine the short-to-medium-term trend of an asset, rising toward the $25,391 price level which is also the .382 Fibonacci level. Bitcoin is trading for $26,569 at time of writing down 0.5% during the last 24 hours.

What Is Memecoin Pepe?

Pepe or PEPE stands for rare Pepes was created using Counterparty protocol in February 2014 as part of meme coin project initiated by members from 4chan’s /biz/ board and Reddit with purpose to promote funny pictures called rare Pepes with people exchanging them as tokens on Counterparty platform or through peer-to-peer decentralized exchanges such as ShapeShift or Counterwallet DEX without any central issuer involved in process and all transactions are recorded on blockchain itself making rare Pepes deflationary digital assets with limited supply able to be traded outside centralized exchanges like Kraken or Poloniex where it can be bought using other cryptocurrencies such as BTC or ETH directly from other users within minutes while all transactions are secured by blockchain technology itself ensuring no fraud when rare Pepes are exchanged between two parties without any need for third party intervention like banks and brokers usually needed when dealing with fiat money transfers such as dollars or euros making whole process much faster compared traditional banking system while also being cheaper due absence any fees related middlemen like banks taking their cut along way thus reducing overall costs associated with buying rare Pepes significantly even when compared other cryptocurrencies not built upon Counterparty protocol such us Litecoins or Dogecoins enabling users buying PEPEs almost instantly through peer-to-peer platforms like ShapeShift without waiting several days funds being credited similar what happens when making payments through regular banking system making it ideal choice those looking buy digital currency quickly securely without having worry about potential frauds related online transactions common nowadays affecting many people worldwide every year especially those using international transfers when dealing foreign currencies like dollars euros yen etcetera which makes whole process much safer due protection provided blockchain technology behind rare pepes preventing malicious actions against participants taking part exchange process thanks secure methods implemented this particular cryptocurrency network allowing users transfer funds across borders almost instantly without fear funds being stolen either during transit final destination thus providing great service those looking send receive payments overseas cheaply securely without relying traditional banks anymore thanks existence this particular cryptocurrency network available nowadays worldwide anyone interested purchasing tokens similar ones mentioned article above should definitely consider trying out counterparty platform either through shape shift dex counter wallet found online make sure read reviews others have posted prior investing order ensure safety investments made case things don go expected initially purchase small amounts learn ropes first then increase number tokens owned once user gets hang transacting this type digital currency internet easily securely conveniently possible today due availability variety different tools created recently enable safe quick cheap transactions made anytime anywhere world whenever needed most

The Benefits Of Cryptocurrency Transactions

Cryptocurrency transactions offer many benefits over traditional banking systems including lower fees since there aren’t any middlemen taking their cut along way; faster transaction times since there’s no need wait several days credit account; improved security due protection offered blockchain technology behind cryptocurrencies preventing fraudulent activities against participants; greater accessibility anyone access these services anywhere world; increased privacy users’ financial data kept private instead shared third parties who might misuse same information various purposes without authorization owner; greater transparency due public ledger recording every single transaction ever made available everyone view anytime they wish; better control users remain charge own finances entire time instead relying third parties handle same tasks behalf them potentially leading mismanagement funds cases lack trust existing between both sides involved transaction itself among others big advantages provided modern day cryptographic networks enable individuals companies alike transfer valuable goods services digitally safely securely conveniently possible today thanks development technologies used build same networks first place allowing millions people worldwide benefit improvements brought society internet age we live nowadays

Risk Warning

Despite these benefits there still some risks involved investment cryptocurrencies name few sudden changes prices market rate given volatile nature certain coins lack regulation industry meaning losses sustained unable recovered certain jurisdictions cryptos treated differently leading legal implications should taken consideration prior investing order avoid unpleasant surprises future investors must aware potential risks exposed when dealing cryptos always remember nothing guaranteed markets never invest money cannot afford lose take precautions necessary research thoroughly understand how system works well pros cons involve investing before jumping bandwagon lastly stay informed latest news developments space order increase chances success future endeavors good luck!

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