Bitcoin Price Hits New ATH As Pro-Crypto Presidential Win, This Layer 2 ICO Hits $25M

The US presidential election has increased interest in Bitcoin, pushing its price to new all-time highs and potentially boosting meme coin prices.

The election outcome fueled a remarkable rally in the cryptocurrency market, making it a highly positive trading day. The cryptocurrency sector surged, with major coins posting significant gains.

This article closely examines the market’s reaction, especially Bitcoin’s performance, and considers whether this bullish trend will continue to impact other meme coins or if a correction is likely.

Trump’s victory sparks a Green Day for crypto markets

The election results have propelled numerous cryptocurrencies into the green, with the entire top 100 coins showing strong gains and several experiencing triple-digit growth.

For instance, Pepe and Jasmy surged by an impressive 133%, while RUNE rose by 16% and Popcat climbed by 20%. The standout performer was a coin labeled ‘GOAT,’ which soared by 42%—a movement worth further analysis in future updates.

Bitcoin’s price broke its previous record, reaching $76,460. The key question is whether Bitcoin can hold this level or if it will pull back. If it stays above this crucial price, the uptrend may continue, paving the way for higher prices.

Today’s Bitcoin chart offers insights—if the day’s candle closes above this level and tomorrow sees another rise, a parabolic rally could begin. But if prices fall back to the $73,800 – $73,900 range, caution is advised as this could signal a potential reversal.

Will the Bitcoin rally continue?

After the election announcement, Bitcoin shot up from under $70,000 to a high of $75,500. The market reacted positively, with many investors seeing substantial returns. Bitcoin has since shown support around the $73,000 level, forming a possible base for the next rally.

This price movement brings to mind the 2017 bull run when Bitcoin surged to $20,000, stirring excitement across the crypto community. A similar wave of enthusiasm appears now as new highs attract more investors.

If Bitcoin holds above $73,000 and posts a new daily green candle, it could kick off a lasting bull run over the next few weeks, possibly leading into the holiday season. This consolidation phase could become a springboard, building a strong base for more gains.

If the uptrend continues, this support level will be key for setting a new low that strengthens future growth potential. In the coming days, closely watching Bitcoin’s movement is essential. New highs could signal an extended bull market, while a failure to maintain current levels might lead to a market correction.

As the next wave of gains approaches, holding key coins could bring substantial returns. With the market’s reaction to the election and Bitcoin’s recent performance, the chances of a new bull run look promising.

However, patience and caution are essential. The next 24 hours will be crucial—if Bitcoin holds above $73,000, the market could see impressive gains in the months ahead.

Pepe Unchained (PEPU): A new meme coin set to explode at launch

Meme coins entering the market recently show the industry’s growth, proving that they offer more than just humor. Pepe Unchained (PEPU) stands out as a prime example, aiming to create a meme coin ecosystem by launching its own Pepe Chain.

Currently in presale, the project is growing rapidly. It has raised over $25 million so far, with new milestones being reached regularly. The price of $PEPU is $0.01229 at this stage, but the price will increase over time, so investors should act quickly.

Buying tokens is simple—just visit the Pepe Unchained website and purchase using ETH, BNB, USDT, or a bank card. A key feature of the project is staking, available through the Pepe Unchained dashboard. The annual percentage yield (APY) is around 94%, though it may decrease as more people participate.

Pepe Unchained tackles common issues faced by Ethereum-based meme tokens. It will introduce a Layer-2 network offering 100x faster transaction speeds, helping traders avoid missed opportunities and losses. The ecosystem will include instant bridging to Ethereum, a DEX, a chain explorer, and advanced analytics.

The Pepe Unchained blockchain will let traders stay on the ETH network without the usual problems, helping meme coin developers. It will also launch “Pepe Frens with Benefits,” a program to reward developers building projects on the Layer 2 network.

Pepe's Pump Pad is a 2-Click Meme Coin Launchpad built on Pepe Unchained L2.

Here, users will be able to launch their own meme coins with zero coding knowledge.

— Pepe Unchained (@pepe_unchained) November 6, 2024

Recently, the project unveiled a major new feature—’Pepe’s Pump Pad.’ This is a 2-Click Meme Coin Launchpad built on Pepe Unchained L2, allowing users to launch their own meme coins with no coding knowledge.

Pepe’s Pump Pad, built on Pepe Unchained L2, offers low fees and fast transactions—key features of a strong meme coin launchpad for the Ethereum network. This will not only enhance Pepe Unchained’s utility but also attract a whole new group of users.

To participate in the $PEPU token presale, go to pepeunchained.com.

Related

• Bitcoin Hits ATH as Trump Wins, New Crypto All-Stars Raises $3M
• Pepe Unchained Hits $25 Million in Fast-Growing Layer 2 ICO – Best Meme Coin to Buy?

The post Bitcoin Price Hits New ATH As Pro-Crypto Presidential Win, This Layer 2 ICO Hits $25M appeared first on ReadWrite.