FBI reinstates security clearance of agent who claimed whistleblower status
Www.oeisdigitalinvestigator.com: The FBI has reinstated the security clearance — and authorized 27 months of back pay — for an agent once suspected of misconduct related to investigations of Jan. 6 defendants.
Marcus Allen drew scrutiny within the bureau for allegations he withheld “relevant information” related to an investigation of Jan… Read More
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Pepe the Frog, once an internet darling turned controversial meme, is making a splashy comeback – this time, in the world of cryptocurrency. PEPE, the memecoin inspired by the amphibian, has seen a meteoric rise in 2024, leaving established giants Dogecoin and Shiba Inu in its dust.
From Feels To FOMO: PEPE’s Outperformance
PEPE recently shattered its all-time high, reaching a dizzying $0.000014. This impressive feat comes alongside a staggering 900% year-to-date growth, dwarfing the gains of Dogecoin (DOGE) and Shiba Inu (SHIB) This outperformance has crypto investors buzzing, with many questioning if PEPE can dethrone the reigning memecoin monarchs.
Analysts point to a potential shift in investor sentiment. While DOGE and SHIB boast larger ecosystems and dedicated communities, their massive market caps limit their potential for explosive growth. PEPE, on the other hand, sits comfortably in the “mid-range memecoin” category, offering investors the allure of high returns without the baggage of a bloated market cap.
Can PEPE Maintain Its Momentum?
PEPE’s recent price surge is backed by some compelling technical indicators. The Bollinger Band analysis suggests bulls remain in control, with PEPE hovering above its key support level. This, coupled with the potential approval of Ethereum ETFs, could fuel another buying frenzy, propelling the coin towards its predicted target of $0.000020.
Total crypto market cap at $2.5 trillion on the daily chart: TradingView.com
However, experts caution against blind optimism. Memecoins are notorious for their wild price swings, and PEPE is no exception. A market correction or negative regulatory decisions could easily send PEPE tumbling. Additionally, unlike DOGE and SHIB, PEPE currently lacks a clear roadmap for utility beyond simply being a memecoin. This raises concerns about its long-term sustainability.
Is It A Worthy Investment?
While Pepecoin’s recent surge is undeniably impressive, the road ahead remains uncertain. Investors considering jumping on the memecoin bandwagon should be prepared for a bumpy ride.
Pepe Coin price forecast based on technical analysis. Source: CoinCodex
According to latest data, there is a bullish general mood for the coin price prediction, with 86% technical analysis indicators indicating optimistic signs and 14% indicating bearish indications.
While technical indicators suggest a bullish trend for the memecoin, with high investor interest and recent price gains, some caution is advised. The extreme greed reading on the Fear & Greed Index hints at a potentially overheated market.
Featured image from Eric Keller, chart from TradingView
Christian is a journalist, editor and a former layout design consultant. Alongside his passion for writing, he is an avid fan of cryptocurrency and works tirelessly throughout the week. When he’s not on his computer, you can find him tinkering with his old motorbike as a grease monkey, or lounging on the patio hammock while pondering about artificial intelligence and whether he’ll ever understand his cat’s thoughts and calmness.
Disclaimer: The information found on NewsBTC is for educational purposes
only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any
investments and naturally investing carries risks. You are advised to conduct your own
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entirely at your own risk.
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The FBI has disclosed this would well perhaps also merely contact crypto fraud victims the usage of NFTs
This feature is most productive on hand to victims of the CluCoin venture
CluCoin founder admitted to the usage of traders’ funds to gas his playing addiction
The FBI has for the fundamental disclosed that it’ll spend NFTs to contact victims who lost funds in the CluCoin venture. The venture’s founder, Austin Taylor, admitted to the usage of over $1 million of person funds to gas his playing addiction. Per a assertion from the USA Lawyer’s situation of business, NFT notices will be introduced to other folks identified as genuine victims, a demonstration that law enforcement companies are sharp to work with crypto fraud victims to both recover funds or elevate culprits to e-book.
Www.oeisdigitalinvestigator.com: Spirited Sands
The assertion published that CluCoin started as a cryptocurrency venture earlier than Taylor redirected to the NFT, metaverse, and gaming dwelling. The shift from crypto to diversified tasks took situation after the venture accomplished a fundraising occasion in 2021.
Taylor followed the shift with marketing campaigns corresponding to an NFT and metaverse-focused conference in Miami in April 2022. After the conference, the founder started withdrawing venture funds to his private wallets, earlier than sending them to playing sites.
In early 2023, Taylor admitted to traders that he had a playing addiction and apologized for withdrawing their funds. Per the US Lawyer’s situation of business, Taylor agreed to pay support traders’ funds and is determined to be sentenced for wire fraud in October.
Www.oeisdigitalinvestigator.com: Courtroom Papers Served as NFTs
This isn’t the fundamental time collectibles occupy been old in the devoted system. Closing twelve months, as an illustration, a federal think in the USA allowed a plaintiff to support court papers to a defendant by technique of NFTs.
MetaBirkins NFT creator became furthermore ordered by the court to airdrop a court snort in confidence to all of the series’s holders. The court expose indicated that the creator infringed on the rights of MetaBirkin purse producer, Hermes.
With the FBI openly the usage of NFTs to contact fraud victims, it’s to be seen whether this would well perhaps also merely turn out to be essentially the most properly liked verbal change contrivance in conditions sharp digital collectibles.
