Investing in Meme Cryptos: A Lucrative Opportunity
Revolutionary meme cryptos have captured the attention of crypto enthusiasts even as majors like Bitcoin continue to experience selling pressure. For instance, two weeks into its presale, Bitcoin Pepe has already sold out four stages. For the early adopters who bought BPEP tokens at the launch price of $0.0210, their investment has already earned cumulative gains of 15.7%.
By the end of the 30 stages, the token price will have increased by 311.4%. As such, this is the opportune time for investors to jump onto this profitable bandwagon.
A Plunge Below $90k: Bitcoin Enters Oversold Territory
After hitting a fresh all-time high about a month ago, Bitcoin price has plunged below the crucial support zone of $89,000 for the first time since mid-November 2024. At the time of writing, it was trading at $86,750 after extending losses from the past two sessions.
While the bulls remain optimistic that the crypto major will reach $200,000 later in the year, low trading activity will likely yield further losses in the near term.
- Bitcoin price trading below the 25 and 50-day EMAs
- Bearish death cross pattern formed by the two MAs
- RSI of 27 indicates oversold territory
Based on the technicals, the range between $85,073 and $89,811 will be worth watching. Even with further correction, it will likely face resistance at $91,524 amid insufficient bullish momentum. On the flip side, the lower support zone of $81,468 may be an apt level to place a stop loss.
Bitcoin Pepe: Weathering Bybit-related Jitters
As the Bybit and Infini hacks yield a sell-off in the broader crypto market, Bitcoin Pepe has maintained its upward momentum. Its positioning, timing, and infrastructure have made it particularly attractive among meme coin lovers.
To start with, it has entered the market during the tenure of pro-crypto US president. This environment, coupled with its approach of building “Solana on Bitcoin” has more investors rushing to amass some BPEP tokens while they are still affordable.
- Layer 2 solution promising speedy transactions
- Merges Solana’s speed with Bitcoin’s security
- Successful fundraising of over $3.4 million
Ahead of its listing in Q2’25, the project has the potential to have its value surge multiple folds. Hurry up and buy Bitcoin Pepe here.
Ethereum Price: Navigating the Crypto Selloff
Jitters emanating from the Bybit hack have fueled the latest crypto selloff. Similar to other crypto majors, Ethereum price has plunged below previously stable support levels. More specifically, it broke the support at $2,500, which has been steady since early November 2024.
At an RSI of 35, it is close to the oversold territory. Besides, it continues to trade below the short-term 25-day EMA as seen on its daily chart.
- Ethereum price likely to find support at $2,317
- Resistance at $2,565 with potential rebound at $2,765
