Market Recovers as Bitcoin Trends Back Toward $100K
The overall crypto market is recovering, with Bitcoin back up to $97,434.68 per token and heading back to $100,000. This recovery stems from regular market movements, as well as real-world events impacting token prices.
For one, the Trump administration is drawing closer, and many experts are bullish on what could happen to the market once the pro-crypto president is in office. Altcoin enthusiasts are especially excited, as Elon Musk – one of Dogecoin’s biggest supporters – is going to be part of the new administration.
The current anti-crypto chair of the SEC, Gary Gensler, is also set to be replaced by the administration. This could give crypto more legislative leeway, translating into higher valuations.
Analysts like Crypto Rover are extremely bullish in the near-term. Historically, Bitcoin has made big gains after the Christmas season, especially during halving years. This, in turn, would lead to the rest of the market pumping.
Pepe Grows 23%, What’s Next For The Third-Biggest Meme Coin?
Pepe has grown over 23% up to $0.00001908 per token. However, with the coin still down 20% over the week, investors are tentatively bullish on Pepe. As the fastest-growing token in the top 3 most valuable meme coins, Pepe’s technicals have started to shift toward a more bullish outlook.
The token’s long/short ratio is at 0.9841, meaning there are almost twice as many long positions as there are shorts. The community is also quite bullish, with X (Twitter) analysts like y00thereum thinking the token will reach over $69B in market cap, which would require an almost 10x increase.
Wall Street Pepe Breaks Records Raising $33.5 Million in ICO
For the longest time, crypto has been the whale’s game. With massive traders and insider groups reaping a lot of the industry’s profits. Wall Street Pepe aims to change that, providing an exclusive group for trading tips, alpha calls, and a community for traders to compete with whales together.
The presale has raised over $33.5 million in just 18 days, making it one of the fastest-growing meme coin ICOs of this year.
Conclusion
The crypto market is recovering, driven by Bitcoin’s growth and real-world events. With the Trump administration taking office and the SEC’s anti-crypto chair set to be replaced, the stage is set for a potentially bullish 2024.
FAQs
Q: What is driving the crypto market recovery?
A: The recovery is driven by Bitcoin’s growth, as well as real-world events such as the Trump administration taking office and the SEC’s anti-crypto chair set to be replaced.
Q: What is Wall Street Pepe?
A: Wall Street Pepe is a new presale token that aims to provide an exclusive group for trading tips, alpha calls, and a community for traders to compete with whales together.
Q: How much has Wall Street Pepe raised in its ICO?
A: The presale has raised over $33.5 million in just 18 days, making it one of the fastest-growing meme coin ICOs of this year.
Q: What is the outlook for Pepe?
A: Pepe’s technicals have started to shift toward a more bullish outlook, with the token growing over 23% and the community being quite bullish on its future prospects.
Q: What is the long/short ratio for Pepe?
A: The long/short ratio is at 0.9841, meaning there are almost twice as many long positions as there are shorts.
Q: Who is y00thereum?
A: y00thereum is an X (Twitter) analyst who is bullish on Pepe’s future prospects, predicting that it will reach over $69B in market cap.
