Binance Coin (BNB) has been experiencing a turbulent period as it approaches key resistance levels. While the asset’s outlook remains bullish on the macro scale, short-term demand appears low, with the price largely trading sideways.
Investors are now moving towards coins with more defined upward trajectories, seeking options like the new memecoin PEPETO, which is poised for 500x gains in the coming months.
BNB Shows Bullish Long-Term Potential Despite Short-Term Struggles
On the daily chart, BNB has slipped 3% over the past 24 hours, currently priced at $688, per data from Coingecko. The cryptocurrency has faced challenges since its price peaked at $793.8 in December 4 last year, struggling to regain significant momentum.
After a brief recovery above the $700 mark last week, sellers dominated over the weekend, causing BNB to lose traction. Monday, during President Trump’s inauguration, the coin built temporary support at $671, followed by a minor recovery on Tuesday to levels above $680.
BNB’s current resistance level is near the $700 mark, and sellers’ dominance has limited BNB’s ability to climb past the initial 23.6% Fibonacci retracement level. The price briefly dipped below on January 22, $680 but has since attempted to stabilize at $685. With the Relative Strength Index (RSI) sitting at 43, just below the neutral zone, BNB continues to hover in a critical area.
A breakout above $710 could attract additional buyers and potentially lead to a stronger recovery. However, if the price falls below $675, further declines toward $660 are likely.
Despite these challenges, predictions for BNB remain optimistic in the long term. According to Coincodex, Binance Coin is projected to rise by 18.52%, reaching $812.52 by February 2025.
PEPETO Gains Momentum, Nears $4 Million, a Presale Milestone
In contrast to BNB’s price fluctuations, PEPETO, a fast-rising meme-based cryptocurrency, is making waves in the market. Dubbed “The God of Frogs,” PEPETO has captured attention with its unique blend of meme appeal and functional innovations. Its ongoing presale has already raised $3.8 million in USDT, with expectations to surpass the $4 million mark soon.
Here is a message from the god of frogs: https://x.com/pepetocoin/status/1874260504891240897?s=46
A key feature driving PEPETO’s popularity is its focus on solving cross-chain transaction challenges through the PEPETO Bridge. Utilizing a lock-and-mint mechanism, the bridge allows users to seamlessly and securely transfer assets between blockchains. This innovation has resonated with crypto enthusiasts seeking utility alongside meme-based investments.
Here is a video on how whales are shifting their focus to Pepeto: https://www.youtube.com/watch?v=zXdvqgj3NxE
The #PEPETO ecosystem also boasts PepetoSwap, a forthcoming exchange set to launch in the second quarter of 2025. Offering zero-fee trading and a corruption-free environment, PepetoSwap aims to differentiate itself from other meme tokens in the market.
The memecoin’s community-driven ethos has played a significant role in its growth, appealing to investors who value both functionality and a strong sense of “togetherness.”
PEPETO’s Tokenomics and Growth Potential
PEPETO’s tokenomics have been carefully designed to foster long-term growth and incentivize holders. Of the total token supply, 30% is reserved for staking rewards, encouraging investors to maintain their positions. Another 20% is allocated to branding initiatives, including influencer marketing and social media campaigns, while 7.5% is dedicated to ongoing product development.
To address concerns about token inflation, the project plans to mint 32 million tokens per block on the Ethereum network over the next two years. This controlled release strategy is aimed at maintaining market stability while supporting the token’s broader adoption.
As the project prepares to launch PepetoSwap and expand its ecosystem, #PEPETO continues to position itself as a unique player in the decentralized finance (DeFi) space. With its focus on utility, zero-fee trading, and community engagement, the token has captured the attention of both investors and crypto enthusiasts alike.
About Pepeto
#Pepeto is a cutting-edge cryptocurrency project blending the playful spirit of memecoins with a powerful utility-driven ecosystem. It features a zero-fee exchange, a cross-chain bridge for seamless swaps, and staking rewards designed to support the next generation of tokens.
Media links
X (Twitter): https://x.com/Pepetocoin
YouTube Channel: https://www.youtube.com/@Pepetocoin
Telegram Channel: https://t.me/pepeto_channel
Instagram: https://www.instagram.com/pepetocoin/
TikTok: https://www.tiktok.com/@pepetocoin
Contact Details
Contact: TokenWire Team
Email: [email protected]
Disclaimer: This is a paid post and should not be treated as news/advice.
Source: https://ambcrypto.com/bnb-approaches-key-resistance-points-and-pepeto-nears-4-million/