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About PEN

A Web3 decentralized-social finance platform with users autonomous network and #defi implementations. Pecora Network will allow users to offer self business over a social network through smart contracts eliminating limitations to traditional platforms.

Pecora Network (PEN) is a cryptocurrency launched in 2022. PEN has a current supply of 10.00M with 0 in circulation. The last known price of PEN is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://pecoranetwork.io/.

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PEN Price Statistics
PEN’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#5336
PEN Market Cap
Market Cap
$0
Fully Diluted Market Cap
$21,493.43
PEN Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
PEN Supply
Circulating Supply
0
Total Supply
10.00M
Max Supply
10.00M
Updated Jan 15, 2024 6:21 pm
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PEN
Pecora Network
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Bitcoin Faces Potential Bearish Phase Amid Investor Caution
Bitcoin Faces Potential Bearish Phase Amid Investor Caution
According to Cointelegraph, Bitcoin (BTC) may be entering a new "bearish phase" as investors begin to reduce their risk exposure at current price levels. Recent findings from the onchain analytics platform CryptoQuant indicate that BTC is increasingly being withdrawn from derivatives exchanges, signaling potential market caution. The trend of Bitcoin flows between derivative and spot exchanges has become a point of concern for those hoping for continued bullish momentum in BTC prices. Utilizing the Inter-Exchange Flow Pulse (IFP) metric, CryptoQuant contributor J. A. Maartunn observed a decline in the volume of coins moving between these two types of crypto trading platforms. Maartunn explained that when a significant amount of Bitcoin is transferred to derivative exchanges, it typically signals a bullish period, as traders move coins to open long positions in the derivatives market. Conversely, when Bitcoin starts flowing out of derivative exchanges and into spot exchanges, it indicates the onset of a bearish period, often occurring when long positions are closed and large investors, or "whales," reduce their exposure to risk. The IFP trend has recently reversed downward, a move traditionally associated with the beginning of a downward BTC price action. Maartunn concluded that the indicator has turned bearish, suggesting a decline in market risk appetite and potentially marking the start of a bearish phase. The IFP reached its highest-ever levels in March 2021, approximately a month before BTC/USD achieved a new all-time high of $58,000, which remained for about seven months. In January of this year, when Bitcoin reached its current record of $109,000, the IFP was not near its peak from four years prior. Historical data shows that each BTC price cycle top has been accompanied by a new IFP top. Despite these developments, faith in the ongoing Bitcoin bull run remains intact. As previously reported by Cointelegraph, few anticipate an imminent end to the current bull market. Even conservative perspectives suggest a return to price increases once sufficient global liquidity is achieved, although this is somewhat dependent on U.S. macroeconomic policy. Recent inflation reports have reinforced the Federal Reserve's decision to refrain from introducing more favorable risk-asset conditions in 2025. In the short term, Bitcoin whales are being closely monitored to identify reliable BTC price support levels. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Feb 17, 2025 2:03 am

Frequently Asked Questions

  • What is the all-time high price of Pecora Network (PEN)?

    The all-time high of PEN was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Pecora Network (PEN) is 0. The current price of PEN is down 0% from its all-time high.

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  • How much Pecora Network (PEN) is there in circulation?

    As of , there is currently 0 PEN in circulation. PEN has a maximum supply of 10.00M.

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  • What is the market cap of Pecora Network (PEN)?

    The current market cap of PEN is 0. It is calculated by multiplying the current supply of PEN by its real-time market price of 0.

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  • What is the all-time low price of Pecora Network (PEN)?

    The all-time low of PEN was 0 , from which the coin is now up 0%. The all-time low price of Pecora Network (PEN) is 0. The current price of PEN is up 0% from its all-time low.

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  • Is Pecora Network (PEN) a good investment?

    Pecora Network (PEN) has a market capitalization of $0 and is ranked #5336 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Pecora Network (PEN) price trends and patterns to find the best time to purchase PEN.

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