The cryptocurrency market moves in cycles, and at the moment, the growth potential of tokens AVAX and PEPE Coin is being actively discussed amid current bullish trends.
General Trends in the Cryptocurrency Market
Cryptocurrency markets typically operate in cycles, with bullish periods lasting about four years. During these times, significant profits are observed, creating euphoria among investors. The question remains: is it time for major earnings for cryptocurrencies like AVAX and PEPE Coin?
Analysis of PEPE Coin and AVAX
PEPE Coin continues to be closely monitored alongside ETH rallies. As anticipated, when ETH climbed, PEPE Coin saw a nearly 40% increase, providing short-term selling opportunities. However, its full potential remains untapped due to ETH's struggles to close above the $3,040 mark.
Prospects and Conclusion
AVAX has shown a nearly 20% gain, but its growth is stifled by double-digit inflation. Maintaining the $20.8 support level could allow AVAX to rise to $26.8. Many market participants are awaiting further movements in BTC, which may signal upcoming trends.
Thus, attention to tokens PEPE Coin and AVAX remains high, and their development will depend on market conditions as well as the movement of key cryptocurrencies.
