The cryptocurrency market is in full recovery, posting an overall increase of 6.34% over the last 24 hours, for a total capitalization of $3.53 trillion. In this context, investors are anticipating a new bullish cycle, and with market growth greater than that of Bitcoin, we could be on the threshold of a season dedicated to altcoins.
The meme coin sector responded quickly, with all major tokens showing growth, which allowed the market capitalization to once again cross the $100 billion mark. With the possibility of a further rise, meme coin ICOs are attracting considerable interest, including Wall Street Pepe (WEPE), which is shaping up to be one of the most dynamic private sales of 2024.
Market recovers as Bitcoin heads towards $100,000 again
With Bitcoin back at $97,434.68 per token and on its way to $100,000, the crypto market is coming out of a trough this week. This recovery is partly due to regular market movements, but real events also influence token prices.
On the one hand, the Trump administration is getting closer, and many experts are optimistic about the possible effects on the market once the pro-crypto president is in office. Altcoin enthusiasts are particularly excited, especially since Elon Musk, one of Dogecoin's biggest advocates, will be part of the new administration.
The current chairman of the SEC, Gary Gensler, known for his hostility towards cryptocurrencies, should also be replaced in this context. This could give the crypto sector more legislative leeway, leading to higher valuations.
Analysts like Crypto Rover are showing marked optimism for the short term. Historically, Bitcoin has often seen significant gains after the Christmas period, especially during halving years. This could also benefit the rest of the market.
The biggest gains of #Bitcoin occur just after Christmas during halving years.
You're almost there.
Don't give up now. pic.twitter.com/43LzJ09LSp
— Crypto Rover (@rovercrc) https://twitter.com/rovercrc/status/1870137837372236274?ref_src=twsrc%5Etfw
As always, the biggest winners in this bull cycle are the same coins, with Pepe emerging from its stagnation period thanks to a strong rally, recovering more than half of its losses from the previous week.
Pepe takes 23%, what prospects for the third same corner in value?
Pepe saw a 23% rise to $0.00001908 per token. However, with a drop of 20% over the week, investors are cautiously optimistic. As the fastest growing token among the three most valuable coins, Pepe's technical indicators show a shift towards a more positive outlook.
The token's long/short ratio is 0.9841, meaning there are almost twice as many long positions as short. The community is also quite optimistic, with analysts on
Never sell your $PEPE. I understand that you have to sell cryptos, but selling your $PEPE at these levels when it is obvious that it will reach $69 billion in capitalization in a few weeks/months is a mistake. Little hands will learn the hard way. Everyone will get $PEPE at the price it deserves. pic.twitter.com/35bF3aH0rw
— y00thereum (@y00thereum) https://twitter.com/y00thereum/status/1870110854617747887?ref_src=twsrc%5Etfw
Additionally, PEPE has a reputation for rebounding quickly after declines. Despite an overall neutral technical stance, its funding rate remains positive on most major exchanges, signaling upside potential.
However, as the world's third largest meme coin, many factors influence its price, and similar returns could take time.
For more adventurous investors, a new private sale is looming with an aesthetic inspired by Pepe, mixing memetic value and real utility in trading.
Wall Street Pepe breaks records with $33.5 million raised in ICO
The world of cryptocurrencies has long been dominated by the big fish, with many traders and insider groups cornering the sector's profits. Wall Street Pepe aims to change that by providing an exclusive group for trading advice, alpha calls, and a community for traders to compete against the whales together.
The presale has already raised over $33.5 million in just 18 days, becoming one of the fastest growing meme coin ICOs this year.
Community interest is high, with 25,000 followers on
The token is currently priced at just $0.0003652. However, this price will not stay for long, as WEPE's dynamic pricing model will increase the price in less than 24 hours or as soon as an additional $1 million is raised.
Regarding security, the project has been fully audited by Coinsult, and 10% of the total token supply has been allocated to liquidity, thereby minimizing the risk of losses and ensuring a smooth trading experience.
With less than 24 hours until the next price increase, now might be a good time to check out Wall Street Pepe.
Visit the Wall Street Pepe presale.
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