Cryptocurrencies Price Prediction: PEPE, Solana & Crypto – European Wrap 15 May
Meme coin PEPE resists decline despite mass profit taking by whale
PEPE, an internet frog-meme inspired token, has seen a spike in profit-taking activity by traders. PEPE holders have consistently realized gains in the meme coin since April 30, as seen on on-chain activity tracker Santiment.
PEPE price has resisted decline despite the rising selling pressure on the asset.
Solana is more profitable than Ethereum for the first time, Robinhood’s Europe arm launches SOL staking
Solana, a smart contract network and an Ethereum competitor, has surpassed Ether in profitability for the first time ever. The profitability of a blockchain is defined as the total economic value generated by the chain, including revenue generated from transaction fees and Maximal Extractable Value (MEV) – the maximum profit that a miner can extract during block production in a chain.
Matured altcoins are losing strength
Neither the meme mania in equities, the overall positivity in stock indices, nor the weakening dollar seems to be helping cryptocurrencies right now. Crypto market capitalisation is down 0.1% and has been moving around the current $2.29 trillion level for the past seven days.
Author
FXStreet Team
FXStreet
