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Pepe Price Analysis Reveals Bullish Strength as Bitcoin Plummets

Pepe Price Analysis: PEPE price fell 10.4% in the last 24 hours to trade at $0.000008358 during European trading hours on Monday. This follows the fall in the price of Bitcoin, which may have led to the entire crypto market value decreasing by 4.7% at the time of publication.

However, Pepe’s price chart shows some signs of optimism that could still propel this meme coin to new heights or at least protect it from excessive bleeding during these volatile market conditions.

PEPE price showed falsification on the daily chart shortly after Bitcoin price fell below a critical support level. The meme coin was one of the best performing meme coins on the Ethereum blockchain, which of course led to BTC’s drastic turnaround. Pepe price had just broken out of a falling wedge and was retesting the falling wedge’s upper trendline before heading towards $0.00001720, the highest price ever.

Since Bitcoin crashed on July 1, 2024, PEPE has fallen 30% from its current price. Interestingly, PEPE price continues to rise above the 200-day SMA, a feat that inspires bullish sentiment among market participants.

PEPE price is now at a relatively weak support level, around $0.00000773. If the bulls prevail, PEPE could rise 26% to reach $0.0001108, which is also in line with the 50-day SMA. On the other hand, the meme coin could fall further in a 20% decline to find support at $0.00000650.

PEPE’s 14-day relative strength index (RSI) is at 34, just four points above the oversold area (OS). If it slides into this zone, the PEPE price could come under more selling pressure, which could catapult it towards the $0.00000650 support level. On the contrary, the RSI at 34 indicates a strong upside potential for the meme coin if general market conditions change.

The price of Bitcoin continues to fall and given its 51% market dominance, meme coins like Pepe may have little chance of breaking free from this dominance.

Final result

Despite Bitcoin’s sharp decline, Pepe coin demonstrates unexpected resilience and maintains bullish sentiment in a volatile market. This strength shows the meme coin’s unique market dynamics and suggests growing interest from traders looking for alternative investments amid broader cryptocurrency volatility.

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Smart investments for passive income for beginners

For beginners looking to generate passive income through investments, it’s essential to focus on strategies that are relatively low-risk and require minimal ongoing effort. Here are some smart investment options to consider:

  1. Dividend-Paying Stocks: Invest in established companies that regularly distribute dividends to their shareholders. Look for companies with a history of stable earnings and dividend growth. Dividend-paying stocks can provide a steady stream of passive income.
  2. Real Estate Investment Trusts (REITs): REITs are companies that own, operate, or finance income-generating real estate across various sectors such as residential, commercial, or industrial. Investing in REITs allows you to benefit from real estate income without the hassle of property management.
  3. Index Funds or ETFs: Invest in low-cost index funds or exchange-traded funds (ETFs) that track broad market indexes like the S&P 500. These funds offer diversification across multiple stocks or assets, reducing individual stock risk while providing exposure to the overall market’s growth.
  4. Peer-to-Peer Lending: Peer-to-peer (P2P) lending platforms connect borrowers with individual lenders. As a lender, you can earn interest income by funding loans to individuals or businesses. Make sure to assess the creditworthiness of borrowers and diversify your lending across multiple loans to mitigate risk.
  5. High-Yield Savings Accounts or CDs: While not technically investments, high-yield savings accounts and certificates of deposit (CDs) offered by banks can provide a safe and relatively passive way to earn interest income on your savings. However, the returns are generally lower compared to other investment options.
  6. Bond Funds: Invest in bond funds, which pool investors’ money to invest in a diversified portfolio of bonds issued by governments, municipalities, or corporations. Bond funds provide regular interest payments and are generally less volatile than stocks.
  7. Robo-Advisors: Consider using robo-advisors, which are automated investment platforms that create and manage diversified portfolios based on your risk tolerance and financial goals. Robo-advisors typically charge lower fees than traditional financial advisors while providing passive portfolio management.
  8. Dividend ETFs: Similar to dividend-paying stocks, dividend-focused ETFs invest in a basket of dividend-paying companies. They offer diversification and can be an efficient way to generate passive income while minimizing the risk associated with individual stock selection.

Before investing, it’s crucial to do thorough research, understand your risk tolerance, and consider seeking advice from a financial advisor, especially if you’re new to investing. Additionally, remember that while passive income can be lucrative, it often requires patience and a long-term perspective.

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How to start saving for retirement at 45 in Canada

Starting to save for retirement at 45 in Canada is still feasible, but it requires a proactive approach and potentially more aggressive saving and investing strategies compared to starting earlier. Here are steps you can take to begin saving for retirement at this stage:

  1. Assess Your Current Financial Situation: Take stock of your current financial situation, including income, expenses, assets, and liabilities. Understanding where you stand financially will help you determine how much you can afford to save for retirement.
  2. Set Clear Retirement Goals: Determine your retirement goals, including the age at which you’d like to retire and the lifestyle you envision during retirement. Knowing your goals will help you calculate how much you need to save.
  3. Create a Budget: Develop a budget that prioritizes saving for retirement. Allocate a portion of your income specifically for retirement savings. Look for areas where you can cut expenses or increase income to boost your retirement contributions.
  4. Maximize Retirement Accounts: Take advantage of tax-advantaged retirement accounts such as Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs). Both accounts offer tax benefits that can help your savings grow faster. Consider contributing the maximum allowable amount to these accounts each year.
  5. Catch-Up Contributions: In Canada, individuals aged 50 and over are eligible to make catch-up contributions to their RRSPs. These contributions allow you to contribute more than the regular annual limit, helping you accelerate your retirement savings.
  6. Invest Wisely: Choose investments that align with your risk tolerance, time horizon, and retirement goals. While you may have a shorter time horizon compared to someone starting to save for retirement in their 20s or 30s, you still have time to benefit from long-term investment growth. Consider a diversified portfolio that includes a mix of stocks, bonds, and other assets.
  7. Consider Additional Income Streams: Explore opportunities to increase your income, such as taking on a side job or freelancing. Additional income can provide extra funds that you can allocate towards retirement savings.
  8. Seek Professional Advice: Consider consulting with a financial advisor who can help you develop a personalized retirement savings plan based on your goals, risk tolerance, and financial situation. An advisor can also provide guidance on investment strategies and tax planning.
  9. Stay Flexible: Be prepared to adjust your retirement savings plan as needed. Life circumstances and financial markets can change, so periodically review your plan and make adjustments as necessary.

Starting to save for retirement at 45 may require more aggressive saving and investing strategies, but it’s still possible to build a comfortable retirement nest egg with careful planning and disciplined saving habits.

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Cameron and Tyler Winklevoss, founders of the Gemini

cryptocurrency exchange, are now investors in Real Bedford Football Club.
The brothers invested $4.5 million in Bitcoin in the soccer club as part of a transaction facilitated by Winklevoss Capital, their investment company.

This new partnership puts them alongside cryptocurrency podcaster Peter McCormack, who acquired the club in 2022.

The financial injection of the Winklevoss twins to Real Bedford is committed to several future projects. These include the creation of a new training center, the creation of a soccer academy and increased support for youth and women’s soccer programs.

The Twins became indirectly involved with the club in January 2022 after Gemini became one of their sponsors.

With this latest investment, Real Bedford also plans to establish a Bitcoin treasury.

Real Bedford’s linking up with high-profile American investors echoes a similar trend seen at Wales’ Wrexham AFC, which actors Rob McElhenney and Ryan Reynolds bought in February 2021 for £2 million ($2.5 million ).

Like Reynolds and McElhenney, the Winklevoss twins are aligning their technology investing capabilities with sports, expanding their influence beyond traditional business sectors into regional and community sports initiatives.

But the Winklevoss duo are just the latest in a long line of wealthy investors who see football clubs as a lucrative trophy.

According to a recent S&P Global report, “A few decades ago, sports teams were primarily viewed as risky, vanity assets.”

Today the scenario is different. The rising value of sports broadcasting rights and changes in player salaries have turned sports into an asset class that “combines above-market returns with the defensiveness often seen in sports utility companies.” low growth.”

One team that reportedly intends to sell a minority stake is Portugal’s Sporting Lisbon Football Club.

The current negotiations over the deal follow a debt restructuring at the club, where superstar Cristiano Ronaldo started out.