The crypto market is displaying a strong bullish surge, with the global cap expanding by 6% over the last 24 hours. While Bitcoin’s institutional and mainstream adoption is driving the rally – thanks in part to BlackRock’s application for a Bitcoin ETF – altcoins and meme coins are also seeing explosive surges. Pepe has emerged as one of the top performers, with the token surging close to 15%. Investors remain encouraged that it will re-hit the billion market cap. Another meme coin making waves is Wall Street Memes, which is close to raising million in its presale. The token’s strong start and community strength are already drawing comparisons with Pepe. Pepe Sees Bullish Resurgence – How Long Will The Rally Last? Global meme coin phenomenon Pepe is pumping once
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The crypto market is displaying a strong bullish surge, with the global cap expanding by 6% over the last 24 hours. While Bitcoin’s institutional and mainstream adoption is driving the rally – thanks in part to BlackRock’s application for a Bitcoin ETF – altcoins and meme coins are also seeing explosive surges.
Pepe has emerged as one of the top performers, with the token surging close to 15%. Investors remain encouraged that it will re-hit the $1 billion market cap.
Another meme coin making waves is Wall Street Memes, which is close to raising $9 million in its presale. The token’s strong start and community strength are already drawing comparisons with Pepe.
Pepe Sees Bullish Resurgence – How Long Will The Rally Last?
Global meme coin phenomenon Pepe is pumping once again on the back of a market-wide crypto recovery. It surged over 14.8% in the last 24 hours, bringing its weekly gains to over 15%.
The token is currently the top trending cryptocurrency on CoinMarketCap, with a 130% increase in its 24-hour trading volume.
Pepe’s success can be attributed to a strong bounce back in the crypto market, led by Bitcoin’s bullish strength. The top cryptocurrency is seeing historic institutional adoption, with some experts envisioning a $40k price level for BTC soon.
Investment giant BlackRock’s application for spot Bitcoin ETF broke the barriers, with Deutsche Bank applying for a digital asset licence soon after. Fidelity, Citadel and Charles Schwab have since launched a crypto exchange, offering trading in four crypto assets including Bitcoin.
WisdomTree, another investment management firm, has followed BlackRock and filed for a spot Bitcoin ETF trading option.
BTC has surged past the $29k mark after skyrocketing 8% over the past 24 hours. Experts believe that with Bitcoin halving approaching, altcoins will also see a bullish price movement.
The positive sentiment surrounding the crypto market is good news for Pepe, which has closely tracked the BTC price over the past few weeks. However, investors would hope that the token can generate sustainable gains during the bear market as well, a feat it has failed to achieve so far. A report by Santiment revealed that Pepe was unable to secure retail investors, even at its all-time high.
Michael van de Poppe, the founder of MN Trading, believes that while Pepe has seen a strong bounce, there is no clear continuation for the token yet.
Which Other Meme Tokens Are Traders Backing?
Pepe isn’t the only meme token surging right now, with Shiba Inu another coin that’s seeing bullish momentum.
Wall Street Memes is also attracting attention throughout its presale, which is nearing $10m and has been noticed by Elon Musk.
Wall Street Memes Token Raises $9 Million, Is It The Next Pepe?
The Wall Street Memes token has emerged as one of the most popular buys in the meme coin market in recent weeks. The token has raised a staggering $9 million in the presale in just over three weeks.
With the meme coin mania still raging, many are backing the $WSM token to be the next global meme coin phenomenon.
The Wall Street Memes movement was born out of the ground-breaking GameStop short squeeze in 2021 when a small army of internet traders took on the big-money institutions and won. Since then, it has built a global brand value by disrupting the traditional financial landscape through the power of community and memes. It draws over 40 million monthly social media impressions, with even Elon Musk a fan of its Twitter account.
The group has established a strong customer base in the Web3 space as well. It sold out its Wall St Bulls NFT collection in 32 minutes, netting a cool $2.5 million. Inspired by the success, it also recently launched its own Bitcoin Ordinal NFTs.
The Wall Street Memes group now looks to tokenize the same community spirit and dominate the demand for the next popular meme coin.
Despite its enormous popularity, the Wall Street Memes token has adopted community-driven tokenomics. The entire 2 billion $WSM token supply is available for the public, with no private cuts for the team or any private sale.
50% of the tokens are available during the presale itself, enabling investors to take advantage of the early presale prices while 30% of the $WSM tokens have been reserved for rewarding the community. 5 lucky degens will also receive $10k worth of $WSM tokens through a generous airdrop.
The token is currently priced at $0.0298 but is quickly selling out in the presale. Investors have limited opportunity to purchase the token through bank cards or by swapping ETH or USDT tokens.
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