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Cryptocurrency News Articles

Solana Breaks $200 as Bitcoin Sets New Record on Trump Win

Nov 11, 2024 at 07:20 pm

Solana broke past $200 again after a seven-month battle with this resistance level. According to CoinMarketCap's data, the token now trades at $208.94, up 2% in the last 24 hours.

Solana Breaks $200 as Bitcoin Sets New Record on Trump Win

Solana (SOL) price skyrocketed by over 30% in the past week as Bitcoin price hit a new all-time high of $81,800 on Monday.

Now, as SOL price trades above the crucial $200 level, several presale tokens, such as Pepe Unchained (PEPU), Crypto All-Stars (STARS), Flockerz (FLOCK) and FreeDum Fighters (DUM), are positioned to benefit from the bullish market sentiment.

Solana Breaks $200 as Bitcoin Sets New Record on Trump WinSolana price broke past the $200 mark again after a seven-month battle with this resistance level. According to CoinMarketCap’s data, the token now trades at $208.94, up 2% in the last 24 hours.

Among the top 20 cryptocurrencies, SOL stands out as one of the best performers, with a 30% jump over the past week. This rally puts Solana just 22% below its all-time high of $260.06 from 2021.

Bitcoin price hit its own milestone today. The leading cryptocurrency broke through the $81,000 mark, largely driven by two key events: Donald Trump’s return to the White House and the Fed’s decision to cut interest rates by 25 basis points.

The rate cut proved especially significant for Bitcoin, as such moves tend to benefit high-risk assets through increased market liquidity and a weaker dollar. Bitcoin reached a new peak of $81,800 on Monday, November 11.

Pepe Unchained (PEPU) Hit Another Milestone In Presale With $26.5M, Set To Challenge Solana’s Meme Coin Empire With Pepe’s Pump Pad Launch Platform.

Pepe Unchained (PEPU) achieved another milestone this week as its presale reached $26.5 million, backed by substantial whale investments and strong retail interest.

Now, the project aims to challenge Solana’s dominance in the meme coin space with its new launch platform, Pepe’s Pump Pad.

The timing couldn’t be better. The crypto market rides high on Trump’s return and the Fed’s recent rate cut, creating perfect conditions for what many call a “meme coin supercycle.”

While Solana’s Pump.fun platform has dominated with over $200 million in revenue and successful launches like the $825 million market cap Goatseus Maximus (GOAT), Pepe Unchained wants to bring this action back to Ethereum.

Pepe’s Pump Pad offers a simple two-click launch process for new meme coins, plus advantages like anti-rug pull security and access to Ethereum’s vast DeFi ecosystem. The platform runs on a Layer-2 solution to bypass Ethereum’s congestion issues.

Prominent crypto influencers express optimism about PEPU’s potential. Crypto Nitro, with 146,000 YouTube subscribers, lists it among top meme coins to watch, while KIFS Crypto projects potential returns between 10x and 100x.

The token’s price will increase today from its current $0.01249 level.

Crypto All-Stars Launches First-Ever Meme Coin Staking Hub as Trump Victory Fuels RallyCrypto All-Stars ($STARS) project’s presale is now at over $3.3 million as the platform introduces MemeVault, a first-of-its-kind protocol that will let investors stake multiple meme coins in one place for unified rewards.

This comes at a time when the meme coin sector hits a collective market value of $68 billion, with tokens like PopCat, Mog Coin, and Floki all posting double-digit gains after Trump’s victory.

MemeVault stands out for its innovative approach to meme coin staking. $STARS token holders can boost their rewards up to 3x, with the current staking protocol offering an impressive 495% APY. And the community’s enthusiasm shows in the numbers: 1.4 billion $STARS tokens (72% of presale purchases) are already staked.

Investors can still grab $STARS at the presale price of $0.0015494, though this will increase in less than a day.

The project boasts security audits from Coinsult and SolidProof, and accepts payments in popular meme coins like FLOKI, SHIB, DOGE, and PEPE, as well as major cryptocurrencies and bank cards.

Flockerz Introduces Vote-to-Earn in $1.4M PresaleFlockerz ($FLOCK) is another promising meme coin with its innovative vote-to-earn (V2E) mechanism.

The project’s presale has already secured $1.4 million as it aims to change meme coin governance by rewarding community participation.

The timing clicks perfectly

News source:captainaltcoin.com

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