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Economic uncertainties continue to weigh on the crypto market, with fear being the prevalent emotion among enthusiasts. Even so, optimism over a trend reversal has the likes of Solana finding their footing. At the same time, internal shortcomings are further weighing on Ethereum price.
Amid this chaos, PepeX stands out as one of the attractive meme projects of 2025. Its mission is to restore fairness and transparency to the meme coin space while eliminating gatekeeping. In just one week, it has raised over $1 million and is set for further gains during and post its 90-day presale.
Ethereum price plunges as its ecosystem’s shortcomings fuel underwhelming performance
Ethereum price extended its previous losses on Saturday’s session to trade at its lowest level since 11th March. As seen on CoinMarketCap, the altcoin’s price has been down by 7.89% over the past 7 days compared to Bitcoin and Solana’s decline of 1.38% and 3.19% respectively.
Notably, economic uncertainties continue to weigh on the crypto market. While the market sentiment had improved to a neutral level earlier in the week, the crypto fear & greed index dropped to a fear level of 26 on Saturday before improving slightly to 32.
However, beyond these external factors, some analysts blame shortcomings in its ecosystem for the underwhelming performance. In the absence of a major bullish catalyst, Ethereum price will likely remain under pressure in the near term.
As seen on its daily price chart, the altcoin will likely remain range-bound in the ensuing sessions as the bulls defend the support zone along the lower Bollinger band. On the upside, it may face resistance along the middle band at around $1,950. However, further decline will invalidate this thesis; pushing Ethereum price to the October 2023’s low retested on 11th March at $1,750.
PepeX: The project bringing back sanity to the meme crypto space
Some meme coins like the TRUMP token still propel the culture of a project starting from an internet trend and its virality fueling its growth. However, the subsector is steadily moving away from this concept to become major financial assets operating on real-world use cases. PepeX is one of the fresh crypto projects under the latter category.
On its website, PepeX describes itself as being “like pump.fun but fair, easy and open to all”. This is meant to solve the existing challenges related to insider manipulation andthe gatekeeping of token creation.
As the world’s first AI-driven meme launchpad, it allows anyone to launch a meme coin in just five minutes. This also includes the branding and marketing of meme tokens; features that allow retail investors to enjoy opportunities that have previously been unattainable to them.
Besides, PepeX will ensure that token creators’ holdings are capped at 5% of the total supply, which they can lose to the community should the project fail. This policy, coupled with anti-sniping protections and transparent bubble maps, positions PepeX as the “system rectifier” and investors are taking note of it.
Subsequently, it has already raised over $1 million in one week with stage 1 already sold out. In addition to its growth potential in the crypto market, early adopters get to enjoy gains of upto 311% during its presale. What started at a token price of $0.02 is currently at $0.021 as it increases by 5% with every stage. By the end of its presale slated for 22nd June, it will be at $0.0823. Hurry up and buy the PepeX token here.
Solana price finds footing as bulls remain optimistic of a trend reversal
Macroeconomic factors continue to weigh on the cryptocurrency market with Solana price dropping to a two-week low on Saturday’s session. However, it will likely remain above the steady support zone of $118.50 as the bulls remain optimistic of improved risk sentiment and subsequent trend reversal.
The entry of more buyers may have Solana price break the resistance along the middle Bollinger band at $130.80. If successful, it would attract even more traders with the next target being at $139.
The post PepeX gains steam Ethereum and Solana prices crash appeared first on Invezz
