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Can PEPE Flip MATIC After Outperforming UNI and LTC?

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PEPE price is making waves with its recent rally as meme coins dominate the crypto market.

However, the altcoin’s rise might halt now as the investors opt to book profits, leaving some records unbroken.

PEPE May Not Overtake MATIC

PEPE’s price rally resulted in the meme coin’s market capitalization nearly reaching $7 billion. This is the effect of the altcoin’s 80% rise in the past week, which made Pepe one of the top 20 cryptocurrencies.

In doing so, the meme coin outperformed Litecoin (LTC) and Uniswap (UNI) regarding market cap. At one point during the intra-day trading high, even Polygon (MATIC) was left behind, but PEPE declined to fall below it.

If the meme coin market cap crosses the $7.2 billion mark, Polygon would again lose its spot to PEPE. However, the chances are unlikely since investors are realizing profits.

PEPE Market Capitalization.
PEPE Market Capitalization. Source: CoinMarketCap

As the price shot up, so did the investors’ profits considerably, which triggered selling to secure gains. The realized profits across the network rose to a two-month high. 

Read More: Pepe: A Comprehensive Guide to What It Is and How It Works

PEPE Realized Profits.
PEPE Realized Profits. Source: Santiment

PEPE holders tend to sell during sudden rallies, which is also the case at the moment. Since investors are expecting a price rise, this could increase as well. This shows that profit-taking could continue, and in return, the price would take a hit.

PEPE Price Prediction: All-Time High Stops Here

PEPE price marked a new all-time high of $0.00001725 during the intra-day trading hours on Monday. Over the past week, the meme coin has registered an 80% rally, which brought the altcoin up from $0.00001000 to close to $0.00002000.

However, given that profit-taking is surging, the rally may stop here. As a result, the meme coin could fall back to $0.00001500. The altcoin will likely hold above the support of $0.00001430, though.

Read More: Pepe (PEPE) Price Prediction 2024/2025/2030

PEPE Price Analysis.
PEPE Price Analysis. Source: TradingView

But if the rise continues, the cryptocurrency could push through the resistance of $0.00001725. This would invalidate the bearish thesis and help PEPE form a new all-time high.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bitcoin ETFs Dominate Market Despite 72 Altcoin Proposals

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As the SEC is signaling its willingness to approve new altcoin ETFs, 72 active proposals are awaiting a nod. Despite the growing interest from asset managers to launch more altcoin-based products in the institutional market, Bitcoin ETFs currently command 90% of crypto fund assets worldwide.

New listings can attract inflows and liquidity in these tokens, as demonstrated by Ethereum’s approval of ETF options. Still, given the current market interest, it’s highly unlikely that any crypto found will replicate Bitcoin’s runaway success in the ETF market

Bitcoin Dominates the ETF Market

Bitcoin ETFs dramatically changed the global digital assets market over the past month, and they are performing quite well at the moment. In the US, total net assets have reached $94.5 billion, despite continuous outflows in the past few months.

Their impressive early success opened a new market for crypto-related assets, and issuers have been flooding the SEC with new applications since.

This flood has been so intense that there are currently 72 active proposals for the SEC’s consideration:

“There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x MELANIA and everything in between. Gonna be a wild year,” claimed ETF analyst Eric Balchunas.

The US regulatory environment has become much friendlier toward crypto, and the SEC is signaling its willingness to approve new products. Many ETF issuers are attempting to seize the opportunity to create a product as successful as Bitcoin.

However, Bitcoin has a sizable head start, and it’s difficult to imagine any newcomer disrupting its 90% market share.

Bitcoin Represents 90% of Global Crypto ETF Investment
Bitcoin Represents 90% of Global Crypto ETF Investment. Source: Eric Balchunas

To put that into perspective, BlackRock’s Bitcoin ETF was declared “the greatest launch in ETF history.” Any new altcoin product would need a significant value-add to encroach upon Bitcoin’s position.

Recent products like Ethereum ETF options have attracted fresh liquidity. Yet, Bitcoin’s dominance in the institutional market remains unchanged.

Of these 72 proposals, only 23 refer to altcoins other than Solana, XRP, or Litecoin, and many more concern new derivatives on existing ETFs.

Some analysts claim that these products, taken together, couldn’t displace more than 5-10% of Bitcoin’s ETF market dominance. If an event significantly disrupted Bitcoin, it would also impact the rest of crypto.

Still, that doesn’t mean that the altcoins ETFs are a futile endeavor. These products have continually created new inflows and interest in their underlying assets, especially with issuers acquiring token stockpiles.

However, it’s important to be realistic. While XRP and Solana ETF approvals could drive new bullish cycles for the altcoin market, Bitcoin will likely dominate the ETF market by a large margin — given its widespread recognition as a ‘store of value’.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Coinbase Lists RSR, Atkins Association Fuels Bullishness

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Coinbase is listing Reserve Rights (RSR), a dual‑token stablecoin platform aimed at creating a collateral‑backed, self‑regulating stablecoin ecosystem. Following the announcement, Binance’s ‘smart money’ traders are increasing long positions on the altcoin.

Incoming SEC Chair Paul Atkins was an early advisor for RSR, but he doesn’t maintain any active connection to the project. Nonetheless, RSR speculators may be anticipating some benefits from this old association.

Coinbase Lists RSR To New Enthusiasm

RSR has been active since 2019, aiming to upend the stablecoin ecosystem. It’s an ERC‑20 utility and governance token that underpins the Reserve Protocol, a dual‑token system designed to back and stabilize the Reserve stablecoin (RSV) at a $1 USD peg. RSR, a non-stablecoin, provides governance and backstop insurance to its counterpart.

The asset’s valuation peaked in 2021 but has been quiet since then until regaining prominence in 2024. Today’s Coinbase listing announcement saw RSR jump nearly 10%.

reserve rights (RSR) daily price chart
Figure: Reserve Rights (RSR) Daily Price Chart. Source: CoinGecko

Coinbase first announced that it would list RSR a little under three weeks ago. Coinbase listings usually cause the underlying tokens to spike, and this has been no exception.

However, an intriguing side effect has also taken place. As the asset prepares its debut on Coinbase, top traders on Binance are showing a strong bullish positioning.

Binance Top Traders Go Long on RSR
Binance Top Traders Go Long on RSR. Source: Coinglass

On Binance, the top‑trader long/short ratio measures the share of total open positions held as longs by the top 20% of accounts by margin balance. A 65.48% long ratio means these “smart money” participants are overwhelmingly betting prices will rise.

Meanwhile, beyond Coinbase listing, RSR is getting attention due to its link with incoming SEC Chair Paul Atkins. Although Atkins disclosed his crypto investments and has no current link with RSR, he joined the Reserve Rights Foundation as an advisor in its early stages.

Since Atkins succeeded in his confirmation hearing, RSR posted an impressive 22% rally. Technically, he hasn’t been seated as Chair yet, but traders are evidently expecting bullish developments.

Atkins has promised to bring crypto-friendly reform, and this connection could disproportionately impact his former associates.

That isn’t to say that anyone has alleged that Atkins will engage in corruption to unfairly boost RSR. However, since becoming President, members of Trump’s family have been involved in several controversial crypto deals. This precedent may be encouraging traders to believe in the importance of political connections.

For now, market narratives are very important in this industry. As Atkins officially begins his career as the SEC’s new Chair, RSR may continue to receive indirect benefits.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Onyxcoin (XCN) Shows Reversal Signs After 200% Rally

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Onyxcoin (XCN) is down nearly 10% over the past seven days, cooling off after a sharp 200% rally between April 9 and April 11. Momentum indicators suggest that the bullish trend may be losing strength, with both the RSI and ADX showing signs of fading conviction.

While XCN’s EMA lines remain in a bullish formation, early signs of a potential reversal are emerging as short-term averages begin to slope downward. The coming days will be key in determining whether Onyxcoin can stabilize and resume its climb—or if a deeper correction is on the horizon.

Onyxcoin Shows Early Signs of Stabilization, but Momentum Remains Uncertain

Onyxcoin’s Relative Strength Index (RSI) is currently sitting at 43. Readings above 70 typically indicate that an asset is overbought and could be due for a pullback, while readings below 30 suggest it may be oversold and poised for a potential rebound.

Levels between 30 and 70 are considered neutral, often reflecting consolidation or indecision in the market.

XCN RSI.
XCN RSI. Source: TradingView.

XCN’s RSI signals a neutral state but shows signs of gradual recovery. While not yet a clear bullish signal, yesterday’s upward move suggests that bearish momentum may be easing.

However, the fact that RSI failed to hit above 50 reflects lingering uncertainty and a lack of sustained buying pressure.

For now, XCN appears to be in a wait-and-see phase, where a continued climb in RSI could signal a shift toward renewed upside, but any further weakness might keep the price trapped in a consolidation range.

XCN Uptrend Weakens as ADX Signals Fading Momentum

Onyxcoin’s Average Directional Index (ADX) has declined to 11, down from 13.92 yesterday and 15.26 two days ago. This decline reflects a consistent weakening in trend strength.

The ADX is a key component of the Directional Movement Index (DMI) and is used to measure the strength—not the direction—of a trend on a scale from 0 to 100.

Values below 20 typically suggest that the market is trending weakly or not at all, while readings above 25 confirm a strong and established trend.

XCN ADX.
XCN ADX. Source: TradingView.

With the ADX now at 11, Onyxcoin’s trend is losing momentum, even though it technically remains in an uptrend. This low reading suggests the current bullish phase is fragile and may lack the conviction needed for sustained upward movement.

Combined with EMA lines that are beginning to flatten, the weakening ADX adds weight to the possibility that the trend could soon shift or stall.

If no surge in buying pressure emerges to reinforce the uptrend, XCN may enter a period of sideways movement or even a reversal in the short term.

Onyxcoin at a Crossroads as EMA Lines Hint at Possible Trend Reversal

XCN EMA lines remain bullish for now, with short-term averages still positioned above long-term ones.

However, the short-term EMAs have started to slope downward, raising the possibility of a looming death cross—a bearish crossover in which the short-term average falls below the long-term average.

If this crossover materializes, it would signal a shift in trend direction and could trigger a deeper pullback, after a 200% rally between April 9 and April 11, making it one of the best-performing altcoins of the previous weeks.

XCN Price Analysis.
XCN Price Analysis. Source: TradingView.

Key support levels to watch are $0.016, followed by $0.0139 and $0.0123. If bearish momentum accelerates, XCN could drop as low as $0.0109, marking a potential 38% correction from current levels.

On the flip side, if bulls manage to regain control and reinforce the existing uptrend, XCN could challenge the resistance at $0.020.

A breakout above that level would open the door for a potential rally toward $0.027, representing a 55% upside.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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