Pepe Coin Price Jumps 9%, But BTC20 Launch Expected to Be Much More Explosive – 24-Hour Countdown Begins
The price of Pepe Coin (PEPE) has leaped around 9% in tandem with a broader cryptocurrency market rally on Tuesday.
The world’s third-largest meme coin by market capitalization, which burst onto the scene back in May, was last trading around $0.0000012, now up more than 12% from the multi-month lows it hit on Monday around $0.00000107.
Optimism around the likelihood that spot bitcoin ETFs will be approved by early 2024 and after PayPal’s move to create its own stablecoin, as well as a drop in global bond yields following weak Chinese trade data, are all being attributed as contributing to the market’s upbeat tone.
Bitcoin (BTC) was last eyeing a retest of $30,000, while Ether (ETH) was looking to push back towards $1,900.
Pepe Coin bulls will now be eyeing a retest of support-turned-resistance in the $0.00000145 area, with PEPE having seemingly broken to the north of a bearish trend channel, which is where the 50 and 100DMAs also reside.
That could mean quick and easy gains in the region of 20% from current levels.
While the outlook for Pepe has improved this Tuesday, excitement is building about an alternative ERC-20 token that could take the crypto market by storm this August.
Let’s take a closer look at BTC20, which launches its much-hailed staking program in under 24 hours, and is set to launch on Ethereum-based decentralized exchanges one day later on Thursday.
Pepe Coin took the crypto world by storm in May.
August’s big hit could be a new ERC-20 token called BTC20.
BTC20, which markets itself as a second chance to get in on bitcoin back when it cost $1 back in 2011, as well as as a better version of the original bitcoin, sold out a blockbuster $6.05 million presale in under two weeks last week.
BTC20 is set to launch on
Read more on cryptonews.com
