The crypto market has reached new heights as Donald Trump claims victory and will be the next US president.
Leading the way is Bitcoin, having just tapped $75K for the first time in history.
Amidst the excitement, meme coins are soaring, with Dogecoin and Pepe pumping 23% and 17%, respectively.
Trump’s pro-crypto stance has made him a fan favourite with crypto traders, who wish for the industry to develop without excessive government interference.
So, with Trump having now claimed victory, it’s no surprise that the market is on fire today.
Bitcoin has just made history, creating a new all-time high and currently trading at $74.3K.
Meanwhile, meme coins are surging, with the sector’s total market cap up by a staggering 18% today.
The crypto market as a whole is up by over 9%, and this is all thanks to the market’s growing expectations that Trump will win the election.
Dogecoin’s 23% rally has placed it at a price of $0.2, its highest level since April of this year.
Bullish sentiment for Dogecoin is driven by its relation to Elon Musk and Musk’s instrumental role in Trump’s presidential campaign.
Musk is also expected to be appointed to Trump’s cabinet should he win the election.
Pepe is also on course for significant gains, currently trading at $0.00000944. It remains down month-on-month, but the recent rally is on its way to creating a higher high on the price chart, signalling the next leg up is incoming.
Trader Kenny.eth noted that Pepe has broken a descending channel to the upside, which could indicate that the next bull rally is approaching.
Altcoins and meme coins across the board are up, and considering Bitcoin has just created a new ATH, the opportunity for new meme coins to explode is massive.
Here are two of the most promising newly launched contenders.
Flockerz is a new meme coin that’s all about decentralization. The project is holding a presale and has raised $1.2 million so far.
The community has complete control through a decentralized autonomous organization (DAO).
Elon Musk loves Dogecoin because of its deep focus on decentralization, community, and accessibility for all. But Flockerz takes this to the next level by allowing all holders to vote on its future.
Moreover, it has a flagship feature called “Vote-to-Earn,” which could be a huge hit. It pays users for voting in the DAO.
Not only do users decide on all aspects of the project’s future development, but they’ll also get paid for it.
They can also earn rewards via Flockerz’s staking mechanism, which currently offers a 1,317% APY.
You can currently buy $FLOCK for $0.0059334, but this will rise later today.
When it comes to innovative meme coins, nothing stands out like Pepe Unchained, with has raised almost $25 million through its ongoing presale.
It’s going to be the first Pepe-themed token with its own blockchain.
The team is building an entire Ethereum layer 2 ecosystem, aiming to become Ethereum’s home for meme coins.
While that’s a significant amount of money, $PEPU still has huge upside potential if it reaches its goals. The meme coin market is now worth $74 billion, while blockchain coins like SOL and ETH are worth even more.
The Pepe Chain will be 100x faster than Ethereum and much cheaper. It will also include features like a block explorer, a dedicated Ethereum bridge, a decentralized exchange, and staking. Staking is live and offering a 95% APY.
The current $PEPU price is $0.01219, but this will also rise later today.
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