Meanwhile, new meme coin project Pepe Unchained (PEPU) has just hit $25.5 million in its ICO – with investors rushing to secure discounted tokens.
Bitcoin Posts New All-Time High as Trading Volumes Explode to $59B
Bitcoin’s rally shows no signs of slowing down, with the OG crypto breaking its previous record price to hit $76,943 yesterday.
This rally comes during a time of massive trading activity.
Over $59 billion in spot trading volume has been recorded in the past 24 hours, helping push Bitcoin’s market cap to $1.5 trillion.
And it’s not just retail traders that are jumping in.
Open interest has climbed to $24.8 billion, suggesting that big players are betting on an even higher BTC price.
Respected analyst Daan Crypto Trades sums up the mood perfectly: “Bitcoin trend is up. All you have to do is hold on as long as the trend is in your favor.”
With Bitcoin now in uncharted territory, Daan expects things to get interesting.
He believes price moves will become “faster” and volatility will rise even more.
Clearly, the post-election crypto rally has kicked everything into gear – and most believe it’s just the beginning for Bitcoin.
Trump Victory Sparks Crypto Bullishness as BlackRock ETF Banks $1.1B
Crypto investors are hyped after Trump’s win, and the big money isn’t wasting any time getting involved in the market.
BlackRock’s Bitcoin ETF had its biggest day ever, pulling in $1.1 billion yesterday.
Even Bloomberg’s ETF guru Eric Balchunas said he’d never seen anything like it.
But that’s just the start.
Coinbase’s CEO Brian Armstrong is doing victory laps, seeing Trump’s election win as a green light for crypto’s future.
With Republicans set to take control of the Senate and Trump talking about making significant changes at the SEC, things are looking positive for digital assets.
Armstrong believes America is finally about to ditch the regulatory headaches and get back to doing what it does best – letting free markets roll.
All of this positivity is reflected in the Crypto Fear & Greed Index.
It has shot up to 75 – just below “Extreme Greed” territory.
Overall, investors are highly optimistic right now, and most believe we could be at the start of the next bull cycle.
Pepe Unchained Capitalizes on Bullishness with Revolutionary L2 Network & 94% APY Staking
All of this bullishness is also helping Pepe Unchained.
The project just passed $25.5 million in its crypto ICO, and with the way things are going, that number is only going to increase.
Pepe Unchained aims to be more than just a random meme coin.
The team is building a Layer-2 network that could eliminate those high Ethereum gas fees.
According to Pepe Unchained’s whitepaper, the network’s speeds will be 100 times faster than Ethereum.
That’s exactly what meme coin traders have been crying out for.
And earlier this week, the team dropped their latest update – announcing the “Pump Pad.”
Think of it like Solana’s Pump.fun, but on Ethereum.
It’s giving anyone the power to launch their own meme coins in seconds without dealing with Ethereum’s usual headaches.
If that wasn’t enough, Pepe Unchained even has a staking app for PEPU holders.
This app offers estimated APYs of 94% – prompting investors to lock up over 1.7 billion tokens while the project’s ICO is ongoing.
Investors can still buy PEPU tokens in ICO for $0.01239 each.
But that price will only be available until Sunday when it will rise again as the next stage begins.
Overall, the optimism surrounding Bitcoin seems to be spilling over to Pepe Unchained, making it an exciting opportunity for those interested in early-stage meme coins.