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Cryptocurrency News Articles
Pups Soar, Revolutionizing Bitcoin as Ordinals Token Explodes
Apr 12, 2024 at 11:30 pm
Pups (Ordinals) has experienced a significant surge in value, rising by 50% in the past 24 hours. Following a successful BRC-20 token airdrop on the Bitcoin network, it has emerged as the top 10 meme coin, boasting a market cap of $582 million. As the Bitcoin halving event approaches, Pups, alongside other Bitcoin-related altcoins, continues to soar. Its bullish momentum remains strong, with analysts predicting further gains. However, the potential for a price correction looms as the RSI suggests an overbought condition.
Rise of the Pups: Ordinals Token Soars, Sparking Bitcoin Network Revolution
The digital asset landscape has witnessed an extraordinary surge in the value of Pups (Ordinals), a novel token that has indelibly altered the cryptocurrency realm. In the past 24 hours alone, Pups' value has skyrocketed by an astonishing 50%, propelling it to a price point of $94.84 as of 06:13 a.m. EST. This meteoric ascent was accompanied by a surge in trading volume of 303%, reaching a staggering $45 billion.
Pups' remarkable trajectory has catapulted it into the esteemed ranks of the top 10 meme coins, boasting a market capitalization of $582 million. This explosive growth represents an unprecedented 1,916% surge since April 4, as per data from CoinGecko.
At the heart of Pups' success lies its groundbreaking achievement: the first-ever successful BRC-20 token airdrop on the Bitcoin network, forever etching its name in the annals of cryptocurrency history. This pioneering feat has established Pups as the inaugural meme coin on Bitcoin, setting it apart from its contemporaries.
Furthermore, Pups' BRC-20 airdrop marks a watershed moment in the evolution of Bitcoin, demonstrating the network's adaptability and potential for innovation. This historic milestone has garnered widespread recognition and praise within the cryptocurrency community, solidifying Pups' status as a trailblazing force.
"This milestone is more than just a historical feat," proclaims the Pups website. "It's a testament to $PUPS being 100% free and fair launch."
This remarkable achievement has not gone unnoticed, as Pups has rapidly ascended the ranks to become the shining star among Bitcoin-related meme coins. It now stands shoulder to shoulder with market cap titans such as Book of Meme (BOME) and Bonk (BONK).
The surge in Pups' popularity coincides with the burgeoning hype surrounding the upcoming Bitcoin halving event, scheduled for April 20. This highly anticipated event is expected to further fuel the momentum of Bitcoin-related altcoins, including Pups.
Technical Analysis: Pups Bullish Momentum Continues
A comprehensive analysis of Pups' price movements using technical indicators reveals a sustained uptrend within a rising channel. Within this ascending trajectory, Pups has surged to an all-time high of $96.
The token's price currently trades above its 50-day Simple Moving Average (SMA), indicating a continuation of the bullish rally. Moreover, the Relative Strength Index (RSI) has crossed into the overbought region at 80, suggesting sustained investor optimism and the asset's overbought status.
Additionally, the Moving Average Convergence Divergence (MACD) paints a bullish picture, with the blue moving average line crossing over the orange signal line, forming a bullish crossover. This formation typically signals to investors a favorable time to increase their positions, potentially driving the price even higher.
Pups Price Prediction: Bullish Outlook Remains Intact
The bullish momentum behind Pups remains strong, with market participants pushing the price beyond the upper boundary of the rising channel. This positive sentiment points to a price target of $120.
Both the RSI and MACD indicators support the bullish outlook, creating an environment conducive to further price appreciation. However, the RSI's entry into the overbought region suggests a potential price correction to the support level of around $65, which coincides with the 50-day SMA.
Dogeverse Presale Surges, Capitalizing on Upcoming International DOGE Day
As the Pups price continues its parabolic ascent, investors are flocking to Dogeverse (DOGEVERSE), an ICO that has exhibited a similar trajectory in terms of funds raised. Dogeverse has emerged as a promising meme coin, strategically launched in anticipation of International DOGE Day on April 20, when the hype surrounding all things DOGE traditionally intensifies.
In just four days, Dogeverse has raised over $3 million, demonstrating its strong appeal among investors. Unlike other prominent meme coins, such as SHIB, FLOKI, BONK, and WIF, which are primarily confined to their own respective chains, Dogeverse sets itself apart by embracing a multichain network spanning six blockchains: Ethereum, BNB Smart Chain, Polygon, Avalanche, Solana, and Base.
This multichain approach opens up a vast new world of possibilities for dog coins and meme coins, according to Crypto YouTuber ClayBro, who boasts 125k subscribers. Dogeverse's mascot, Cosmo the Doge, serves as a symbol for the platform's multichain utility, empowering the hyperjump between different crypto universes.
The project also offers a compelling staking option, allowing holders to earn an impressive 358% annual percentage yield (APY) by staking their $DOGEVERSE tokens.
To participate in the Dogeverse presale, investors can purchase $DOGEVERSE tokens for $0.000293 apiece. Those interested are advised to act promptly, as another price hike is anticipated within two days, or sooner should the presale stage sell out prematurely.
To join the Dogeverse presale and secure your stake in this promising project, visit the official website and make your purchase using ETH, USDT, or a bank card.
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