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Bitcoin Pepe surpasses $1 million amid BPEP hype

by February 12, 2025
written by February 12, 2025

In recent years, meme coins have captured the attention of investors looking for revolutionary opportunities that are cheaper than crypto majors. Indeed, the sector has grown to a market cap of $75.8 billion as seen on CoinGecko.

With that, connect the meme experience with the reliability of the Bitcoin network and you have a winner. It is no wonder Bitcoin Pepe has hit the ground running.

Bitcoin Pepe’s presale, which was launched on 11th February, is already gaining momentum. Within the first 6 hours of going live, it had already surpassed the $1 million mark. At the time of writing, it had raised $1.20 million. This appeal comes as a steadily increasing number of savvy investors rush to amass BPEP tokens at its currently lower price of $0.0232.

Cardano price not out of the woods yet despite the sustained rebound

Cardano has recorded a rebound over the past three sessions after experiencing three weeks in the red. Even so, it continues to trade below the short and medium-term EMAs of 25 and 50 days after forming a bearish death cross in the past week.

At its current level of $0.7868, the bulls are striving to gather enough momentum to break the resistance along the 25-day EMA at $0.8341. Further rebounding will place the bull’s next target at $0.8875. 

While Cardano price will likely remain under pressure in the near term, I maintain a bullish bias. Infact, this thesis will be invalid should the crypto pull back below the current support zone of $0.7000.

Bitcoin Pepe gains traction within the initial hours of its presale

Bitcoin Pepe is already gaining traction in the cryptocurrency space, less than 24 hours after the launch of its presale. Indeed, crypto enthusiasts acknowledge its robust growth potential, which lies in its ability to bring the meme culture to crypto’s most steady network. 

The project is the first meme-specialized layer 2 solution to be built on the Bitcoin network. It merges Solana’s super-speed scalability with Bitcoin’ security. With this unique combination, Bitcoin Pepe has the potential to become one of the fastest-growing ICOs in 2025. 

The project is structured to have 30 stages before hitting the public shelves in Q2’25. As such, this is the ideal time for early adopters to plug in and watch it secure them hefty gains. 

Indeed, investors should learn from past projects, including meme coins like Dogecoin and top cryptos like Bitcoin, which have had their value skyrocket over the years. Bitcoin, which started with almost no intrinsic value about 15 years ago now has a market cap of $1.9 trillion. Bitcoin Pepe, which is transforming the Bitcoin network into the ideal space for meme coin trading is also set for unmatched growth. Hurry up and buy the Bitcoin Pepe token here.

Ethereum price fails to match Bitcoin’s resilience despite bullish fundamentals

Ethereum is trading in the red for the third week in a row even as other crypto majors record significant rebounding. While the crypto’s heightened adoption is set to sustain its uptrend in 2025, market volatility remains a key headwind in the near term.

A look at its daily chart shows Ethereum price still trading below the 25 and 50-day EMAs. Besides, it is slightly above the oversold territory at an RSI of 33. 

In the near term, the range between the support-turn-resistance zone of $2,750 and the current support level of $2,547 is an important one. Below that range, the bulls will be keen on defending the support level of $2,450. On the flipside, a rebound beyond the range’s upper limit will likely have the crypto face resistance along the 25-day EMA at $2,930.    

The post Bitcoin Pepe surpasses $1 million amid BPEP hype appeared first on Invezz

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