Bitcoin (BTC) Remains in Decline This Monday After a Rejection Just Shy of Its Peak at $73,777 Last Week

Bernstein Research, one of Wall Street’s premier research firms, put out a statement that they believe Bitcoin will see a $200,000 valuation in 2025 regardless of who wins the election.

Bitcoin (BTC) price action continues to decline on Monday, following a close rejection below its peak at $73,777 last week.

The world’s leading cryptocurrency dropped to a low of $69,040 during the Asian trading session, and is currently changing hands at $70,000, down 3.5% on the day.

BTC price now seems to be preparing for another leg up, with several analysts expecting a “sell-the-news” response, similar to what occurred after the Nashville Bitcoin conference.

As election day nears, volatility is expected to rise. Many in the crypto space lean toward a Trump victory, given his pro-crypto stance, which adds another layer of uncertainty to the market.

With results expected this week, crypto traders, particularly Bitcoin whales, are getting ready for surprises, as shown in the chart below.

Source

BTC whale activity has dipped since last week, with a spike around the $73,620 mark on October 29th.

These whale movements are often seen as indicators of potential price shifts. However, it’s worth noting that low whale activity doesn’t always signal a downturn.

This common misunderstanding overlooks that whales often pause, observing smaller traders’ responses to key events before making their own moves.

While BTC’s long-term prospects look good, traders are also participating in ICOs right now for a chance to secure some short-term gains as well.

We’ll go over some of the popular projects below.

Pepe Unchained ($PEPU) – Trending $24.5M Presale Meme Coin with Layer-2 Blockchain

Pepe Unchained ($PEPU) is turning out to be a big 2024 meme presale by merging the popular Pepe meme with practical utility. The presale has already attracted over $24.7 million in a short period.

Its proprietary “Pepe Chain” Layer-2 technology addresses common meme coin issues like slow transactions and high fees, offering speeds up to a hundred times faster than Ethereum and lower costs.

Additionally, $PEPU offers a 96% annual yield through staking, providing passive income opportunities for both new and seasoned investors.

Austin Hilton, with over 300k YouTube subscribers, dubbed $PEPU “THE BIGGEST MEME COIN PRESALE LAUNCH – EVER!” Similarly, influencer ClayBro has highlighted it as a key project to watch this quarter.

>>>Buy Pepe Unchained Now<<<

Crypto All-Stars ($STARS) – Releasing a New MemeVault Feature to Unite Popular Meme Coin Staking

Crypto All-Stars ($STARS) is a meme coin project aiming to bring new features to the meme coin space. Launched in August 2024, the coin centers around the MemeVault, a staking platform that allows users to earn rewards by staking popular meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE).

This approach adds a practical layer of utility, so holders have a way to gain returns aside from simple trading. The project’s presale has raised over $3 million, showing a steady level of interest and support.

Security is a big priority, with smart contracts audited by firms like SolidProof and Coinsult. Seeing that 91% of meme coins are dubbed as scams and rug pulls, this is a big deal for investors.

>>>Buy Crypto All-Stars Now<<<

Flockerz ($FLOCK) – Vote-to-Earn Meme Coin That Prioritizes Decentralization Features

Flockerz ($FLOCK) is a meme coin project that emphasizes community involvement through a Vote-To-Earn (V2E) mechanism. It was launched in September 2024 and it enables token holders to participate in project decisions and earn rewards for their engagement.

The project operates through FlockTopia, a decentralized autonomous organization (DAO) where each holder’s vote contributes to the project’s direction. This structure aims to distribute power evenly among participants.

Flockerz has allocated 25% of its total token supply to staking rewards, offering an annual percentage yield (APY) of up to 1,331% for those who stake their tokens.

Additionally, 25% of the supply is designated for the DAO Vault to reward active voters, and 20% is reserved for marketing efforts to expand the community.

By integrating V2E and staking features, Flockerz offers a platform where community members can influence the project’s trajectory while earning rewards for their participation.

>>>Buy Flockerz Now<<<

FreeDum Fighters ($DUM) – Election-Themed Meme Coin with Presidential Meme Characters

FreeDum Fighters ($DUM) is a meme coin project that satirizes the 2024 U.S. presidential election by introducing two fictional robotic candidates – MAGATRON and Kamacop