Bitcoin and Ethereum are sinking in red, while in the background, the successful debut of the token $PEPENODE.

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The lion's price is a soft touch. Each arc of the text is about what kind of content is needed, and how to support it in hatred.

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The cryptocurrency market is red again, but promising debuts like PEPENODE are emerging. What happened this week?

After several days of gains, nearly all major assets are experiencing declines. Out of the top one hundred projects, only five are maintaining positive results. The total market capitalization has decreased by 3.15% to currently stand at 3.76 trillion USD, slightly below the psychological barrier of 4 trillion USD. The daily trading volume has reached 149 billion USD, indicating that trading activity remains high despite the price declines.

The largest cryptocurrencies also did not escape correction. Bitcoin fell by 6.8% and costs 108,000 USD. It is about 15% away from its all-time high. Just a few days ago, it tried to break through 114,000 USD, but the lack of buying power pushed the price down to a daily low of 110,003 USD. If the downward trend continues, the rate may head towards even 105,000 USD.

Bitcoin August 29

Bitcoin August 29

Source: CoinMarketCap

Ethereum has suffered even more. The price of this cryptocurrency has dropped by 6.5% over the week to around $4,336, marking the largest daily decline among major projects. Just recently, ETH reached a peak of $4,611, but then fell to a level of $4,365. Analyses suggest that falling below $4,300 will pave the way for further depreciation. Along with the leaders, other major projects are also declining. Dogecoin is down 7.6% and costs $0.2136, while XRP has decreased by 6.2% to $2.83.

Ethereum August 29

Ethereum August 29

Source: CoinMarketCap

Correction after strong increases

Experts emphasize that the current situation is not surprising. As we know from history, the end of summer and September often bring declines even after strong rallies. James Toledano from Unity Wallet claims that Ethereum has been in the spotlight of institutions over the past few weeks, which explains its impressive gains. However, such pace usually leads to a cooling off of the market.

Another risk factor is the Federal Reserve's policy. If the Fed decides not to cut rates due to inflation concerns, the further upward march may be hindered. Bitcoin, despite the decline, is still close to record levels.

Toledano emphasizes that stabilization above $107,000 and $100,000 is essential to maintain the fundamentals of the upward trend. Support comes from strong accumulation by long-term investors and sustained demand in the network. Jiahao Sun, the head of FLock.io, describes the current situation as a natural correction after impressive gains. According to him, the market is entering a consolidation phase, which is evidence that cryptocurrencies are maturing and gradually becoming a more stable component of global finance.

Just take a look at the capital flows to Bitcoin and Ethereum-based ETFs on the SoSoValue page. In recent days, both BTC and ETH ETFs have recorded further inflows. On a weekly basis, Bitcoin ETFs raised 567 million USD, while Ethereum ETFs attracted 39.16 million USD in just one day.

Matt McPhee from Xapo Bank believes that in the second quarter institutions allocated $33.6 billion to Bitcoin ETFs. This is a signal that the largest financial entities are treating Bitcoin not just as a risky speculation but as part of long-term strategies.

BTC ETF

BTC ETF## Pepenode ($PEPENODE) – interactive presale and mine-to-earn system for everyone

An interesting element of the current landscape is the fact that despite market downturns, initiatives attracting capital are emerging. One of them is Pepenode ($PEPENODE) – a project described as the first mine-to-earn cryptocurrency inspired by meme culture. Already at this stage, this new cryptocurrency has raised 500,000 USD. PEPENODE introduces an interactive model in which participants immediately benefit from the virtual mining system. They purchase so-called Miner Nodes, which generate computational power and rewards.

pepenode main thread

pepenode str głownaA portion of the tokens allocated for development will be burned, which introduces a constant deflationary pressure. This allows participants to have an active role in building the ecosystem even before the official debut on exchanges. The project operates on Ethereum in the ERC-20 standard and has already made available staking, gamification, and competition ranking features since its launch.

The next stages include a full transition to the chain, the implementation of NFTs, and further expansion of functionalities. The creators intend for this structure to maintain community engagement and differentiate the project from classic presales, where participants often wait passively until the listing on an exchange.

Buy Pepenode

Buy Pepenode## Prospects for Bitcoin, Ethereum and new projects like $PEPENODE

The fear and greed index for cryptocurrencies remains in a neutral range. The current level of 47 points suggests that investors are very cautious and are waiting for new signals from macroeconomic markets and central bank policies. The declines are therefore not the result of a single cause. It is the effect of a layering of factors: corrections after previous increases, concerns about Fed decisions, shifts of some capital from Bitcoin to Ethereum, and increasing caution before September, which historically has been a difficult month for cryptocurrencies.

Current declines should not surprise experienced market observers. Corrections after dynamic rallies are a natural part of the cycle. Bitcoin and Ethereum still remain close to record levels, and the inflows of capital into ETF funds prove that institutions are taking cryptocurrencies more seriously. Cryptocurrency forecasts are positive, but it is always important to remember the risks.

New initiatives such as token $PEPENODE are proof that even during downturns, the market does not freeze, and projects introducing fresh solutions continue to emerge. For investors, this means the necessity of a cool assessment and patience. Short-term fluctuations can be painful, but the fundamentals of the cryptocurrency market are solid.

Buy Pepenode

Buy Pepenode

BTC-1.7%
ETH-2.69%
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