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Cryptocurrency News Articles

Bitcoin’s New ATH Sparks Influx Of Capital Into Altcoin Market – Meme Coin ICOs Leading The Pack

Nov 23, 2024 at 06:00 pm

Bitcoin’s bull run continued, hitting a new all-time high price of $98.700. The coin achieved this after the consolidation that started last week.

Bitcoin’s New ATH Sparks Influx Of Capital Into Altcoin Market – Meme Coin ICOs Leading The Pack

Bitcoin (CRYPTO: BTC) hit a new all-time high price of $98,700 on Sunday. The coin achieved the new milestone following a period of consolidation that began last week.

Bitcoin’s growth sparked an influx of capital into the altcoin market, causing a massive rally. For example, Solana surged past $225, Litecoin grew by 16.68%, Bonk grew by 112%, and Sui pumped by 41%.

Meme coin ICOs joined the pack as their presales raised to new heights. Pepe Unchained, Crypto All-Stars, CatSlap, Flockerz, and FreeDum Fighters showed massive potential during the current altcoin season.

Bitcoin’s new all-time high causes rally across the market

Bitcoin has been on a historic surge, growing by 16% this week. The coin went from $79,000 on November 12 to above $98,000 on November 21.

Bitcoin’s trading volume also grew by 7.31%. A Coingape article said the coin is still in the discovery phase, so it is unknown how far it can go.

The main reason for growth is the ongoing hype around Donald Trump’s win in the US elections. The market should have explicit regulations now due to Trump being a crypto supporter.

Another reason for Bitcoin’s growth is MicroStrategy, a major corporate buyer that bought 51,780 BTC, valued at $4.6 billion.

Further, the US’s Commodity Futures Trading Commission approved spot Bitcoin ETF options release. This is another reason that caused Bitcoin’s rally to a new ATH.

Many analysts now eye new highs for $BTC, with some predictions saying it can go to $100,000. If Bitcoin doesn’t reach the level and pulls back to 78k, or enters a consolidation phase, we might see the new altcoin season, according to Binance’s article.

Still, all altcoins are performing extremely well because of Bitcoin’s growth. Meme coin ICOs are showing massive potential to be the main growth factor during the upcoming altcoin season. These projects can be bought for less, and investors can expect massive 10x to 100x gains from their investment.

They are the top picks to get during the current rally. Here is more about the top meme coin ICOs.

Pepe Unchained: The best meme coin ICO to buy now

Pepe Unchained is a Layer 2 Pepe project that aims to free beloved frog memes from Layer 1 limitations. The project builds the first Pepe blockchain, allowing investors to carry out transactions, create new crypto projects, access DEX, a dedicated block explorer, and more. Investors can also stake their coins for an APY of 69%.

The project could bring 700x gains post-listing and become the leader of the upcoming growth. If you want to invest, hurry. Pepe Unchained will finish its presale in 21 days and hit the first Tier 1 exchanges.

CatSlap: The next best cat-themed meme coin ICO

Recently launched CatSlap could be the next big cat-themed meme coin. The project follows the steps of POPCAT, MEW, and MOG, which have exploded in the last few months. But, this meme coin ICO has better comparative advantages than its competitors, so it might be the first cat meme coin on Binance.

For example, the project is affiliated with Best Wallet (the fastest-growing next-gen crypto wallet). The Best Wallet called CatSlap a hot token exposing it to a 60,000-strong community.

Further, the CatSlap project has no presale, ensuring the same entry price for all. Also, unlike many other meme coins, $SLAP has utility. The project features a fun slapping game, creating competition in the community through the Slapometer.

With 10% of tokens allocated to community rewards, CatSlap has the potential to gamify its ecosystem further. This could mean more rewards for investors who participate in the slapping game. The project launched at the best time, during the big rally for all cat-based meme coins. This makes Moonvember the perfect time to launch CatSlap which yould become the next 100x meme coin.

Crypto All-Stars: Top ICO for all meme coin fans

Crypto All-Stars gathers meme coins under one umbrella, allowing investors to stake them for $STARS. Investors can stake projects like Dogecoin, Bonk, Shiba Inu, Floki Inu, and more. MemeVault offers many benefits to investors because it increases the value of meme coins that previously didn’t have any. Further, it is also a terrific source of passive income. All $STARS holders can stake their coins for an APY of 368%.

This meme coin ICO has raised

News source:captainaltcoin.com

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