The post This New Altcoin Is Giving Early Pepe Coin (PEPE) Vibes As FOMO Amongst Investors Skyrockets appeared on BitcoinEthereumNews.com.
Remittix is a new cryptocurrency creating waves and it’s giving off major early Pepe Coin (PEPE) vibes. The fear of missing out (FOMO) is increasing as more and more investors leap in. Remittix is fast becoming popular, and many people think it might follow PEPE’s footsteps and become even better, thereby providing great possibilities for those that enter early. Don’t miss out on this exciting opportunity! Pepe Coin Suffers Amid Broader Market Decline Third-largest meme currency Pepe currency (PEPE) has seen a dramatic drop—trading at $0.0000156—its lowest price since December 20. Rising bond rates and declining stocks rule the financial scene, so this decline coincides with a larger collapse of the bitcoin market driven by a risk-off attitude. With Bitcoin falling to $90,000 and the whole cryptocurrency market capitalisation down by 4% to $3.19 trillion, Pepe’s price reflects the trend in the market overall. Reflecting mounting market concern, key indices like the Dow Jones, Nasdaq 100, and S&P 500 all saw notable declines. Pepe’s drop draws attention to meme currency fragility in times of market instability. The Federal Reserve’s hawkish posture is the main reason for the continuous crypto fall as the U.S. economy is still doing very well. Recent figures showed a decline in the unemployment rate to 4.1% in December coupled with the 256,000 job creation. These numbers raise questions about whether the Fed will keep raising interest rates for an extended term, therefore reducing the excitement about riskier assets like Pepe. Looking forward, market mood will be much shaped by the Consumer Price Index (CPI) release. From 2.7% in November to 2.9% in December, economists predict inflation climbed. This information will probably affect Pepe’s performance and help to decide if it can stop its declining course or get back on track. Why Everyone’s Watching Remittix For Massive…