Altcoin Surge Bitcoin has been on a winning streak, and this is reflected by how many new highs it has reached. The all-time high for Bitcoin is $100,000 but due to the current rally other assets have also seen increased popularity such as Pepe (PEPE) and new platforms like RichQUACK.
Let us take a closer look at these emerging trends and try to understand the situation a bit better. Bitcoin Beyond $93K – Are We on the Precipice of A Crypto Revolution? Since October 13, Bitcoin (BTC) has behaved like a roller coaster that goes up and down, with the ups being massive for the time period which can be traced to nearly 50 percent growth.
As a result, traders’ confidence has increased with the levels of profit taking being much lower than in previous all time high cycles. Moral of the story? Fulfill your dream. This super bull rally can mostly be attributed to heightened both as a result of elect pro crypto Donald Trump. After which Bitcoin (BTC) achieved its largest 1-day gain in history at $8,400 on the November 11th date, crossing the $85,000 mark.
As a result of this forward drive, Bitcoin (BTC) grew to its peak historical performance on the 13th November at a price of $93,434.
This was in response to his long-term claim that he will buy Bitcoin ‘until it passes $100,000’ made by Robert Kiyosaki, an entrepreneur and author famous for his pro-Bitcoin views. Kiyosaki elaborated on his views by stating that it was not a time to be greedy and pointed to an investment rationale – I am going to invest in BTC until it is over $100,000. After that, I’ll stop.
A member of WealthSquad Chris tweeted on the 12th November, “Bitcoin is only $89k now, still cheap.” He suggested that, “when Bitcoin surpasses the market capitalization of gold and the price of a bitcoin is $500k+, we will look back at this and say it was the most obvious thing ever,” since he sees this as a systemic long-term potential of the coin.
PEPE Soars 100% – Why Experts Predict Even More Gains Ahead
We perceive further appreciation for one of the hottest meme coins currently existing on the market after the quite recent bull run in the crypto market, Pepe (PEPE).
Pepecoin price surged by high number of 150% within a week as reflected in the CoinMarketCap data, with fluctuation ranging between $0.0000081 – $0.000012. PEPE shares are currently at $0.00002159 confirming a growth of 70.03% within a single trading day.
A cryptocurrency analyst, Davie Satoshi, is a very cautious to judge this particular meme coin. ‘Pepecoin recently broke out of its long-standing triangle formation and I expect new record highs for its price in the future’ he stated in a post. In his estimates, Petpecoin is said to reach a new ATH of around $0.00002335.
The Pepecoin’s (PEPE) technicals support this claim. This memecoin is now trading above both its 20-day and 50-day EMAs. So the Pepe price prediction now has the targets likely to be met ahead of time.
Memecoin RichQuack (QUACK): Potential to Rise in a Bull Run
RichQuack (QUACK), a meme-themed cryptocurrency, intends to gain from social media-focused trends. QUACK, like other meme cryptocurrencies, has faced immense selling pressure due to the negative experience of investors. Regardless, QUACK's ecosystem, which includes staking, lotteries, and community bonuses, among others, may widen its appeal in a bull market.
In the past, meme coins generally get pumped as bull trends arrive due to the influx of retail investors looking for high-risk, high-rewards investments. With QUACK’s low entry count price and an active community, it might entice newcomers and speculators which will in turn boost the trading volume. A significant component in its anticipated jump will be the ongoing endorsement and buzz from the influencers and members of the crypto space as well as the general market conditions.