Our Terms & Conditions | Our Privacy Policy
Bitcoin price has seen a strong surge in the past seven days, which pushed the coin up by 9%, while most other cryptos struggled. Now, the trend continues, and as the altcoins trade in the red, Bitcoin is managing to stay above the support level at $70,000.
Bitcoin Fights Back Against The Market Sentiment
The last weekend brought a strong correction for the entire crypto market, and even BTC suffered a mild drop that took it back down to the $66k range. However, after trading sideways over the next few days, the oldest cryptocurrency started seeing a sharp increase that started on October 27.
The price spiked up over the next two days, stopping only around $250 away from its ATH before it corrected. But, the project found a strong support level at $72k that held its price from dropping deeper till the start of this week.
Even now, many other cryptos, even among the top 10 largest digital currencies by market cap, continue to trade in the red, while BTC is outperforming them on a weekly and daily basis.
Of course, this could change if the bearish pressure continues. The support might break and BTC might spiral down, back under the $70k range. However, given the fact that the entire market is anticipating the start of the next big rally, it is more than possible that BTC will stay above $70k.
After all, traders expect the coin to go much higher in the next few months, so many are opting to HODL, while the day traders continue to push the price up and down. But, those who are seeking promising new investment opportunities typically have to look beyond Bitcoin.
This year, that means the meme coin sector, or more specifically, meme coin presales, such as Pepe Unchained (PEPU).
BUY PEPU BEFORE IT GOES LIVE AND ITS PRICE BLOWS UP
Can The New Pepe Replace The Original?
Pepe Unchained is the newest Pepe alternative, and it presents itself as the superior version. The project recognized that the original Pepe is bound by the Ethereum network and its technical capabilities.
Like ETH, PEPE is held back by slow transactions and high fees which make it impractical for everyday use. Pepe Unchained, however, comes as the first Pepe that could fix that, and it does so by launching on its own blockchain. The project developed a native L2 chain, where it started building its own ecosystem.
It will have its own block explorer, DEX bridge, and even the PEPU Foundation, which will distribute developer grants to those who join its ecosystem and help its development. All of this makes it a very attractive option right now, and many investors have acknowledged it and joined its ICO, thinking that PEPU might even replace PEPE after it goes live.
JOIN PEPU ICO WHILE THE PRICE IS LOW
In fact, its presale became one of the most successful ICOs this year, raising over $24.5 million as of the time of writing. The token’s price is still only $0.1199, although it will see another scheduled increase in under two days. In other words, if you intend to join its presale, now is the time. PEPU is available in exchange for ETH, BNB, or USDT, but you can also buy it with credit or debit cards.
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Aggregated From –
Comments are closed.