The crypto market is experiencing a recovery, with a total market cap of $3.53 trillion, up 6.34% over the last 24 hours. This has led to increased interest in meme coins, with the market's cap pushing past $100 billion again. Wall Street Pepe (WEPE) is one of the fastest-growing presales of 2024, with a presale that has raised over $33.5 million in just 18 days.
Bitcoin's price has also recovered, reaching $97,434.68 per token, and is heading back towards $100,000. This recovery is partly due to real-world events, such as the Trump administration's pro-crypto stance and the potential replacement of the SEC's anti-crypto chair, Gary Gensler. Analysts like Crypto Rover are bullish on the near-term prospects of the market, citing historical trends that show Bitcoin making big gains after the Christmas season, especially during halving years.
Pepe, the third-biggest meme coin, has grown over 23% and is still down 20% over the week. Investors are tentatively bullish on Pepe, with a long/short ratio of 0.9841, indicating almost twice as many long positions as shorts. The community is also bullish, with some analysts predicting that the token will reach over $69B in market cap, requiring an almost 10x increase.
Wall Street Pepe, a new presale with a Pepe-inspired aesthetic, is merging memetic value with real trading utility. 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. The token is currently selling for just $0.0003652, but the price will increase in under 24 hours or when another $1 million is raised. The project has undergone a comprehensive Coinsult audit and allocated 10% of the total token supply to liquidity, minimizing the risk of a rug pull and ensuring a smooth trading experience.
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