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"Meme Coin Meltdown: PEPE Plunges 67% as RTX Rises Amidst Crypto Chaos"

Coin WorldThursday, Feb 6, 2025 5:45 pm ET
1min read

Crypto investors are flocking to a new meme coin, RTX, as the market for Pepe (PEPE) meme coin experiences significant price lows and suffers its worst collapse ever. Down a staggering 30% in just 24 hours and a gut-wrenching 67% from its all-time high, PEPE's sudden collapse in value has caused doubts about future problems within the whole meme coin market.

However, amidst this chaos, a new contender is emerging from the shadows, promising not just hype but real-world utility and potentially explosive growth. Dive into the details to find the next big thing in crypto and discover how to position yourself for potential gains.

PEPE holders are fleeing as the frog-themed meme coin plummets to new lows. The cryptocurrency market is undergoing a major sell-off, with PEPE suffering a sharp decline of over 30% in the last 24 hours. This drop has resulted in a staggering 67% decrease from its all-time high of 0.000028.

PEPE has now slipped below the crucial 200-day Simple Moving Average (SMA) at 0.000028 reached last December. PEPE has now slipped below the crucial 200-day SMA at 0.00001328, breaking the key support that had held since November. After a brief rebound, the coin plummeted to a low of $0.0000079, marking its third consecutive day of losses.

Technical indicators paint a bearish picture of PEPE's future. The Relative Strength Index (RSI) at 31 indicates strong downward momentum, suggesting more room for decline. Meanwhile, the Moving Average Convergence Divergence (MACD) shows a bearish crossover, reinforcing a sell signal. If PEPE closes below 0.000013, it risks another 30% drop.

Amid this volatility and price instability surrounding PEPE meme coin, investors are eyeing a new emerging altcoin (RTX) with a lot of promised financial benefits surrounding its ecosystem, attracting investors seeking real-world solutions.

Remittix (RTX) is emerging as a transformative solution by leveraging blockchain technology alongside local payment systems

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