Crypto prices continued to fluctuate in the past day after the release of the USA key economic data. Bitcoin price fell by a slight 2% to $94,100 before rebounding above $96,500 after the release of the US Consumer Price Index (CPI) data for January, which showed a YoY inflation increase of 3%, more than the 2.9% projection.
With Bitcoin price failing to break through the $100k resistance mark, investors are migrating to ChowWow, a new presale token that is projected to outshine the likes of Pepe. Having experienced severe bearish pressure, Pepe's market activity has dipped as selling pressure intensified. Given the growing interest in ChowWow, analysts are projecting 100x rallies in Q1.
Bitcoin Price Prediction – Can BTC Breakthrough $100K Soon?
In the past weeks, the crypto market has faced intense pressure amid heightened concerns over macroeconomic conditions. The latest release of the monthly core CPI, which is the first under the new Donald Trump administration, showed persistent inflationary pressure, triggering market pressure.
The core CPI, which excludes volatile food and energy prices, rose by 3.3%, slightly above the 3.15 projection, triggering reactions in Bitcoin markets. While the BTC price has slightly recovered, precedents show that the popular crypto reacts to inflation data and federal reserve policies.
According to Ali Martinez, the most important level for Bitcoin crypto is at $97,530, with support at $92,110. Ali thinks that holding above the resistance level is crucial to sustain the bullish momentum. Meanwhile, CoinMarketCap data shows that Bitcoin trading volume has declined significantly as the top crypto coin price continues to fluctuate. However, if BTC is able to break through the $98K mark, a retest of the $ 100K and possibly a new ATH will be possible in Q1.
Pepe Price Analysis – Persistent Selling Pressure Triggers Correction
Pepe is among the meme coins facing intense selling pressure. According to the on-chain market tracker Lookonchain, a giant whale sold 175B ($1.5M) Pepe coins in the past week as the meme coin continued to face bearish pressure. As per the market stats, Pepe's price has dipped by over 40% in the past month.
The Pepe market cap has also dipped significantly, moving from $8.38B on January 1st to $4.1B. Technical indicators suggest that Pepe's price might witness more correction before a major bullish rally. The RSI is 36 (neutral), suggesting that sellers are in control. Moving Averages (MA) are flashing sell signals with Pepe market sentiment also bearish.
Pepe price has been in a consolidation phase in the past few days, with the meme coin price struggling to break through the $0.00001099 resistance zone. Reacting to the Pepe cryptomovement, CryptoElites, in a tweet on X, thinks that the meme coin is about to witness a bullish move, which might see it hit 8x in the short term. However, given the declining Pepe trading volume, investors are exercising caution.
ChowWow – the New Solana Meme Coin Set To Rival Pepe Coin
One of the major problems of meme coins is lack of utility which has led to pump and dump. To correct this narrative, ChowWow is coming up with a meme coin that is backed by a play-to-earn mechanism. This means unlike Pepe, which has no real-world utility, game lovers can engage in gaming activities in ChowWow and earn rewards that can be converted to real-world assets.
Apart from that, non-gamers have the option to stake their tokens and earn as high as 8% – 15% in APY through the stake-to-earn model. This will be paid out weekly, boosting investors' portfolios. Built with a focus on the community, ChowWow also mapped out an extra 5% of the 888.77M total supply for community activities and airdrop on launch.
As a project inspired by the Chinese Chow Chow dog breed, which is believed to bring fortune and wealth to people, the aim of ChowWow is to guarantee financial freedom for the masses. The development of the project on Solana has further increased its appeal as it will inherit the ecosystem's low transaction fees and faster transaction processing.
At the ongoing presale, users have the chance to buy the CHOW token for just $0.008. The meme coin has strong utility in the ecosystem, such as payment for in-game items and a means of distributing rewards and cashback. Adding to the deflationary nature with a buy-and-burn mechanism, the CHOW token might flip Pepe soon. This makes it the top meme coin to buy.
Pepe vs ChowWow – Top Meme Coin To Buy
Given the massive selloff of the past weeks, which has affected the Pepe trading volume, the chances of a recovery in the short term are slim. For investors searching for meme coins that can offer high yield in the short term, ChowWow might be the best option. Features like P2E and staking protocol will drive its adoption. Given that it is in presale, it might hit 100x on launch.
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