Cardano price crashes on tariff risks as PepeX gains traction

The crypto market has reversed the slight recovery that it had recorded earlier in the week as financial markets digest Trump’s latest wave of tariffs. Following his announcement that the US government will impose 10% tariffs on all imports, the crypto fear & greed index has dropped from a neutral zone back to the fear […] The post Cardano price crashes on tariff risks as PepeX gains traction appeared first on CoinJournal.

Apr 3, 2025 - 17:35

Cardano price crashes on tariff risks as PepeX gains traction

The crypto market has reversed the slight recovery that it had recorded earlier in the week as financial markets digest Trump’s latest wave of tariffs. Following his announcement that the US government will impose 10% tariffs on all imports, the crypto fear & greed index has dropped from a neutral zone back to the fear end of the spectrum.

Even so, revolutionary projects like PepeX remain attractive to savvy investors looking for opportunities beyond the crypto majors. In addition to the observable potential to record robust growth once it hits the public shelves, its presale has proved profitable to early adopters and long-term holders.

With each three-day stage, its token price surges by 5%. By the end of the presale on 22nd June, its holders will have amassed upto 311% in cumulative gains.

PepeX builds upward momentum as investors bet on its potential

PepeX has sustained an upward momentum, raising over $1.2 million in the first 10 days of its presale. As the world’s first AI-powered meme launchpad, investors are hooked on its enhanced transparency, fairness, and accessibility.

To begin with, it is eliminating any form of gatekeeping that previously made it difficult for retail investors lacking coding skills to create and market their own meme coins. In addition to allowing for the creation of a meme coin in just 5 minutes, it facilitates the automatic launching of successful memes on DEX.

What’s more, PepeX has introduced effective measures like anti-sniping protections, which are geared towards “making fair crypto launched fair again”. Indeed, one of the aspects that sets the project apart from others like Pump.fun is the capping of creators’ holdings at 5% of the total supply. This places control in the hands of the community, thus solving the notorious trend of insider manipulation.

In addition to its potential of reaching 100X growth post its launch in Q3, the presale offers an irresistible opportunity for savvy investors. What started at a token price of $0.02 is now at $0.0232 as it increases by 5% in every three-day stage. By the end of the presale, which is slated for 22nd June, the long-term holders will enjoy cumulative gains of upto 311%. Hurry up and buy the PepeX token here.

Cardano price extends losses as tariff concerns weigh on risk assets

Cardano price made a slight rebound in Wednesday’s session but failed to attract enough buyers to sustain the momentum. Indeed, it erased the gains recorded earlier in the week; trading at a one-month low on Thursday.

Compared to last week’s fear level of 40 and Wednesday’s neutral level of 44, the crypto fear & greed index declined to 25 on Thursday. The heightened risk-off mood comes as the financial markets digest Trump’s latest wave of tariffs.

According to Trump’s announcement on Wednesday, the US will impose 10% tariffs on all the country’s imports. Additionally, they will enact higher rates for countries that the US government considers to be bad actors in trade. While Trump sees this approach as a way of resuscitating the US manufacturing sector, investors and experts alike are concerned that the tariffs will be inflationary.

ADA price chart | TradingView

A look at Cardano’s daily price chart indicates that the altcoin will likely remain under pressure in the short term. At its current level, the bulls are keen on defending the support along the lower Bollinger band at $0.6195. If successful, it may remain range-bound with the middle Bollinger band at $0.7017 being a resistance zone worth watching. However, a further pullback may push the altcoin to February’s low of $0.5845.

The post Cardano price crashes on tariff risks as PepeX gains traction appeared first on CoinJournal.