The cryptocurrency market displays weakness as bears showcase their dominance. Bitcoin (BTC) lost nearly 3% over the past 24 hours, triggering notable slides in the altcoin sector.
Meanwhile, PepeCoin (PEPE), Uniswap (UNI), and Bitbot (BITBOT) signal potential bounce-back with enough momentum for long-term uptrends. Let’s find out more.
Crypto whales rescue PEPE from heightened volatility
PepeCoin changed hands at $0.00001167 at press time, following a 7.5% and 20% daily and weekly plunge.
The significant slide comes after PEPE outperformed the market lately to hit all-time highs.
Meanwhile, activity by large-scale investors suggests promising bounce-backs from the frog-themed crypto.
Market-moving players view PEPE’s slide as an accumulation opportunity.
For instance, Nascent Ventures purchased billions of PepeCoin assets, fueling debates about upcoming rebounds.
Consequently, PEPE became Nascent’s largest crypto holding, underscoring the company’s trust in themed projects.
Lookonchain revealed more notable whale activities. This investor withdrew PEPE worth $2.9 million (231.6B coins) from Kraken, extending a trend that started in March.
The whale has acquired 750.34 billion, worth $8.34 million, within that timeframe – a substantial long-term bet.
While PEPE lost over 20% in the last seven days, recent accumulations by whale addresses have renewed optimism.
Retail players will likely follow suit as PEPE reflects recovery signals, boosting token prices and demand.
Bitbot maintains momentum after successful presale
Telegram trading bot Bitbot remains on investor radar after completing its ICO, which saw the project attracting more than $4.32 million from profit-hunting players.
The highly successful presale shows investor confidence in Bitbot and its promises.
Bitbot taps AI to create a profitable trading bot, alleviating the initial struggle seen by competitors such as Banana Gun and Unibot.
The current success of Telegram-linked Notcoin and in-app payments integration on the messaging app position will likely attract more participants.
That will translate to increased Bitbot usage, positioning the project for long-term success.
Upcoming developments such as listing on DEXs, influencer collaboration, BITBOT token launch, and cross-chain support will sustain Bitbot in the long term.
CTG acquisition boosts Uniswap price
UNI mimicked the broad market outlook with a slight 0.62% 24-hour drop. Nonetheless, it flashes revival signals, changing hands near $9.70 at press time.
The latest optimistic developments keep Uniswap’s native coin elevated.
The altcoin displayed notable momentum early in June, with the crucial announcement from developers catalyzing a 10% price jump.
The DEX promises further developments to enhance privacy and user experience. That positions UNI for enriched sentiments in the upcoming sessions.
Also, Uniswap Labs acquired the blockchain game Crypto: The Game in a strategic move. The announcement saw UNI’s price surging remarkably within hours.
CTG has a massive following as it attracts diverse audiences. Moreover, the game allows users to interact with decentralized finance seamlessly.
The acquisition triggered optimism as experts expect increased gaming activities to boost UNI’s prospects.
Technical indicators such as MACD and RSI indicated a bullish trajectory for UNI.
You can join the Bitbot party here.
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