Key takeaways
- Ethereum recently launched the Pectra upgrade and could see ETH’s price soar higher in the medium term.
- Dogecoin is one of the best-performing coins this week as Bitcoin Pepe’s presale hits $7.7 million.
Ethereum hits $2,300 after Pectra upgrade
ETH, the native coin of the Ethereum blockchain, was one of the best performers in the market this week. The coin added 28% to its value this week, outperforming Bitcoin and other major cryptocurrencies.
The rally comes after the Ethereum Pectra hard fork earlier this week. The Pectra upgrade, activated on May 7, introduces a maximum stake limit increase to 2,048 ETH per validator. The upgrade streamlines operations by reducing the need for multiple node setups. At press time, the price of Ether is $2,362 and could rally higher in the near term.
Dogecoin tops $0.2 amid market rally
Dogecoin (DOGE) is another top performer that could rally higher in the medium term. DOGE added 12% to its value in the last 24 hours as Bitcoin and other major cryptocurrencies record excellent gains.
At press time, DOGE is trading at $0.2194 and could surge higher soon. It is still 70% down from the all-time high price of $0.7376 it recorded four years ago, indicating that there could be room for upward movement in the current cycle. As the leading memecoin by market cap, Dogecoin could be a smart buy for investors in the medium to long term.
$BPEP to rally as Bitcoin Pepe introduces memecoin trading to Bitcoin
$BPEP, the native token of the Bitcoin Pepe ecosystem, is another one to consider. Currently in its presale, $BPEP could become one of the best performers in the current cycle.
Bitcoin Pepe is a unique project as it seeks to introduce memecoin trading to the Bitcoin blockchain. Its layer-2 network will leverage Bitcoin’s liquidity and security to build a thriving memecoin trading ecosystem.
The L2 network will empower developers with the tools to migrate their memes from other blockchains to the Bitcoin blockchain. $BPEP will power various activities within the Bitcoin Pepe ecosystem. Developers will use the token to pay for fees and other transactions. These utilities could see $BPEP’s value soar once it launches on exchanges, and early investors could enjoy massive ROI.
Read more about the Bitcoin Pepe project here.
Bitcoin Pepe’s presale tops $7.7m
The presale is an excellent opportunity for investors to purchase the $BPEP token at a discount. It is currently the first meme initial coin offering (ICO) on the Bitcoin blockchain and has gained widespread adoption among investors.
Bitcoin Pepe has raised over $7.7 million so far and will use the funds to develop some of its products and services. The project could gain massive adoption as its L2 could become home to various meme projects.
Investors can buy $BPEP via the Bitcoin Pepe website. Accepted modes of payment include ETH, USDT, USDC, BNB, and SOL.
Want to participate in the Bitcoin Pepe presale? Visit the official website today.
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