While the debate continues about when Bitcoin’s downtrend will end, some analysts are making optimistic comments. A famous cryptocurrency analyst stated that he expects Bitcoin to surpass $92,000 after a three-month downtrend.$BTC
According to the post-halving patterns seen on Bitcoin charts, there is a possibility that the price is entering a three-month period of increase. Cryptocurrency expert Titan of Crypto emphasized that Bitcoin retesting a key support level on the weekly chart could lead to a rally above $90,000.
“In previous cycles, when the price retested the 50-week simple moving average, we saw a bounce of at least 40 percent. BTC could rally 71 percent from this to $92,000,” the analyst wrote in his September 13 post.
On September 14, Bitcoin passed the psychological threshold of $60,000 for the first time since August 30. With this development, other coins that could gain value along with Bitcoin were also put under the spotlight. The projects that whales invested the most in were Pepe Unchained (PEPU) and Crypto All-Stars (STARS). Pepe Unchained (PEPU) draws attention as a meme coin that restructures transactions using its own Layer 2 blockchain. Pepe Unchained token purchases have had a major impact on the cryptocurrency market and have attracted great interest.
The project is built on a Layer 1 blockchain with the aim of addressing the high transaction fees and slow transaction speeds experienced by Ethereum-based meme coins. The token promises to make transactions a hundred times faster and significantly reduce fees, which is one of the main reasons why it stands out in the industry. Pepe Chain aims to deliver on these promises.
The initial coin offering (ICO) for the project, which started in June and will run until September 30, 2024, is currently in its final stages. So far, the project has raised more than $13.3 million in Pepe Unchained token sales, attracting interest from both small investors and large crypto whales. Also notable is its double staking reward system, which provides a high annual return of 154 percent. This system offers investors active and passive income streams.
Pepper$PEPE
The Unchained platform provides a seamless bridge between Ethereum and its own chain, while also rolling out a dedicated block explorer to make the process of tracking transactions more efficient. The project’s strong interest on social media has many speculating that PEPU could outperform other meme coins once listed on exchanges.
Another coin that whales are showing interest in with the rise of Bitcoin is Crypto All-Stars (STARS). More than $1.2 million worth of Crypto All-Stars tokens were sold in a recent presale. This new meme coin presale is notable for its innovative “MemeVault” platform, which allows users to stake multiple meme coins at once to earn STARS rewards.
The main goal of this platform is to make it easier to stake meme coins by bringing the ecosystem together. Currently, staking payouts on the platform have an attractive APY of 1,274. Investors will find this high APY attractive, but with over 633 million STARS coins added to the pool, those who want to take advantage of the best APY rate will need to act fast.
The project has raised more than $1.2 million since its presale began and plans to continue its presale until early December, but the growing excitement suggests the presale may close earlier than expected.
There are no barriers to entry, such as ICO, KYC verification, or whitelisting that are typical of meme coin projects. The Crypto All-Stars team offers a transparent token distribution plan, with 25 percent allocated to staking incentives, 10 percent to exchange listings, 20 percent to pre-sale, 20 percent to marketing, and 25 percent to future developments.
Crypto All-Stars also places great emphasis on security. The project has been audited by Coinsult and SolidProof, and both organizations have given positive reviews. This allows investors to invest without worrying about the typical risk of a “rug pull.” Those who want to buy STARS tokens can currently buy them at $0.0014419, but this price could increase soon, so it’s important to act quickly.
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