After nearly four months of correction, bullish momentum has reignited in the cryptocurrency market, with Bitcoin shattering all historical benchmarks. BTC is trading firmly above $105,000, a significant support level after setting a fresh all-time high of $112,000 in May.
What sets this cycle apart is the strategic redirection of institutional capital into altcoins. Ethereum ETFs have had their 18th consecutive net inflow day, a streak that began mid-May. However, the volatility in Bitcoin ETFs has disturbed the inflow. Also, while Bitcoin has surged 48% from its April low, Ethereum has posted a higher ROI in the same time period. This shows that the professional money is already starting to rotate to altcoins.
Historical trends also suggest that the altcoin season is close. Currently, Bitcoin dominance is hovering around 64%. This mirrors what happened in 2017, when Bitcoin’s dominance hit around 60%, and altcoins exploded shortly after.
As this capital rotation accelerates, astute investors are increasing their exposure in projects positioned to reap the benefits. Projects like Bitcoin Pepe (BPEP) are poised to use this mass altcoin rotation.
Bitcoin Pepe has already raised $14.6m to build Bitcoin’s first meme playground, and they’re coming with an announcement on June 30 for their blockbuster multi-exchange listing. In altcoin bull rallies, projects with strong utility and innovative infrastructure tend to yield higher returns. Three projects stand out in this context: Best cryptos to buy now ahead of altseason breakout.
As altcoin season builds momentum and market optimism grows, Bitcoin Pepe (BPEP) is gaining massive traction through its ongoing token presale. With a major announcement coming out on June 30, investors have a limited window to join early before the token launches.
Bitcoin Pepe is merging two powerful forces: increasing Bitcoin adoption and the explosive profit potential of meme coins. The project is a layer-2 solution built directly on Bitcoin to utilize its $2 trillion dormant capital across various sectors. Bitcoin has gained both popularity and the trust of investors, but its applications are still limited due to its slow speed and scalability.
Bitcoin Pepe, with its revolutionary PEP-20 token standard, is addressing this problem. The platform is bringing what some have referred to as “Solana on Bitcoin.” So, now investors can enjoy the unmatched security of the BTC network with the speed and functionality of Solana. Bitcoin Pepe will enable the launch of meme coins on the Bitcoin network, and according to experts, this could be a hundred-billion-dollar market in itself.
The project has already attracted big crypto whales, raising over $14.6m in just a short period. Currently priced at $0.0416, the BPEP token offers early investors a massive opportunity to invest in what could become the next big thing in the crypto market because of the essential infrastructure in the evolving crypto landscape.
Solana (SOL) is the sixth-biggest cryptocurrency with a market value of $80.59 billion. As profit booking hits the crypto market, the Solana price has witnessed a 3.89% drop in the weekly timeframe. CoinMarketCap data confirms that the Solana price has been consolidating between $140 and $170. The resistance at higher levels has pulled the SOL to $150.
Nevertheless, analysts say that the Solana price could rise to higher levels in the next few weeks. Technical analyst Lennaert Snyder forecasts that the Solana price might see a strong bounce from the current support level to retest the local target of $181. In the medium-term forecast, he says SOL might reach the $241 target.
A new record of 2.07 billion addresses has been added to the Solana network, according to other news. The number of addresses has been steadily rising despite the market’s fluctuations in Solana prices, which means investors are optimistic about a Solana price uptick.
Like other major cryptocurrencies, Dogecoin (DOGE) ranks among the most popular crypto projects. However, its origin sets it apart. While Bitcoin and Ethereum started with serious goals, Dogecoin began as a meme or joke. Despite this lighthearted start, it quickly gained value and built a strong following among crypto enthusiasts.
However, due to broader market uncertainty, Dogecoin has experienced considerable intraday swings in the past few days. After a 2.4% decline today, the DOGE price is currently $0.17. The MACD oscillator indicates increasing bullish pressure for Dogecoin. The RSI stands at 38, which shows the dominance of bears in the meme coin.
If bulls take control and push the DOGE price above the immediate resistance at $0.21, it may trigger a trend reversal. Subsequently, a breakout from the upper trendline of the wedge pattern could spark another surge in the DOGE price. On the other hand, if the $0.17 support fails, Dogecoin could plunge to $0.15.
As the altcoin season gains momentum, astute investors have started their hunt for the next mega winner. Whale support and economic tailwinds are shifting, and most importantly, projects with strong utility are gaining the most traction.
Investors looking for strong prospects are picking up Bitcoin Pepe (BPEP) for its attractive infrastructure, which is transforming how Bitcoin can be used beyond simple transactions. The project’s strong real-world application has attracted a phenomenal $14.6m.
Visit the official Bitcoin Pepe website before the June 30 mega listing announcement, which could moon the price.
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