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Cryptocurrency News Articles
PEPE Moons, TON Releases BTC Bridge, Cutoshi Opens the Doors to Token Farming
Nov 17, 2024 at 02:22 am
As PEPE moons, we revisit the predictions that Pepe coin could shed another 0 and reach $0.0001. TON releases their BTC bridge, in a landmark move.
Pepe coin has posted gains of up to 90% this week, making it one of the biggest gainers among meme coins. This price action has seen more people showing interest in PEPE. But with Bitcoin’s record-setting jump to $92,000, and meme coins like Pepe coin hitching a ride on this wave, what next for PEPE?
After breaking through key resistance levels recently, many traders now believe Pepe coin can indeed hit $0.0001. But given that the team behind the meme coin has stated on their website that “$PEPE is a meme coin with no intrinsic value or expectation of financial return,” and adding that “there is no formal team or roadmap,” the $0.0001 PEPE price target may not be easily realized.
Whales And Wallets Drive PEPE’s Price Surge
Pepe coin is up by 90%, making it one of meme coins’ greatest gainers this week. This price move has attracted more interest to PEPE. But with Bitcoin’s record-setting jump to $92,000, and meme coins like Pepe coin hitching a ride on this wave, what next for PEPE?
After breaking through key resistance levels recently, many traders now believe Pepe coin can indeed hit $0.0001. But given that the team behind the meme coin has stated on their website that “$PEPE is a meme coin with no intrinsic value or expectation of financial return,” and adding that “there is no formal team or roadmap,” the $0.0001 PEPE price target may not be easily realized.
Big wallet holders, or "whales," have been making large purchases, with more than 244 transactions over $100,000 recently logged, hinting at further price appreciation.
Many traders believe Pepe can indeed hit $0.0001 after breaking through key resistance levels recently.
The lack of utility or vision for the future of the meme coin may make it hard for the $0.0001 PEPE price target to be realized, and the team reminds investors of this on their website, saying:
“$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. the coin is completely useless and for entertainment purposes only.”
TON Network’s New BTC Bridge Shakes Up DeFi
In a big step for DeFi, the TON team recently announced the release of their long-awaited TON Teleport BTC, a decentralized bridge. By making it really easy to transfer Bitcoin to the TON network, this solution empowers users to tap into the TON DeFi ecosystem.
With over 40% of Wrapped Bitcoin (WBTC) already actively utilized in DeFi, TON Teleport BTC means that Bitcoin will be able to be used on TON for things like yield farming and using BTC as collateral. By eliminating the need for centralized intermediaries, the bridge stays true to the ethos of Satoshi Nakamoto.
The Ton DAO has also given more power to its community, making TON more decentralized than ever.
Other developments on TON include the launch of a Dirham-backed stablecoin and grants for new projects building on TON.
Despite all of that TON has posted lower gains than many of its competitors since the recent boom in BTC’s price.
Cutoshi’s Token Farming Captivates Early Adopters
Cutoshi’s recent launch of token farming has quickly drawn attention. Designed for crypto enthusiasts who thrive on new opportunities, Cutoshi’s farming platform opens the doors for early adopters to get a foothold in its ecosystem, and so far over 1500 people have taken part in just a few days.
Built with a user-centric focus, Cutoshi’s farming mechanism provides a way for community members to earn rewards by doing quests and competing against each other, adding a new layer to the platform’s memeFi appeal.
Unlike many other meme-based projects such as PEPE, Cutoshi is positioning itself to blend the lighthearted allure of meme culture with active use cases - offering a unique hybrid that’s both fun and functional.
Like TON, Cutoshi is committed to the BTC creators’ ideals. And so other features that make Cutoshi special include the cross-chain and P2P DEX that they are building, to make swapping crypto easier and more private than before.
With utility-based NFTs in development and a learning academy and merch store in the works, the Cutoshi team is doing its best to bring a new generation of investors to DeFi.
For more information on the Cutoshi (CUTO) Presale:
https://cutoshi.com
Join and become a community member:
https://t.me/cutoshi
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