XRP and Bitcoin Poised to Pump, While Memecoins Like Pepe Unchained and Catslap Emerge as Potential 100x Gems

A strong indication of a bull market is upon the crypto space, evident from the surging prices of top altcoins and the frontrunner crypto Bitcoin

As the crypto market continues to experience a bull run, several top altcoins have been surging in value, showing promising gains. Among these altcoins, XRP has been gaining significant momentum thanks to the overall bullish market sentiments.

While investors have been speculating on a massive XRP pump, they have also been eagerly waiting for Bitcoin to finally cross the $100k mark. This anticipation has led to a massive influx of investors into the market, with a majority of them searching for promising projects to capitalize on.

How Long Till XRP Hits $2?

With market conditions already bullish and XRP announcing major developments back-to-back, the mix of both may have largely contributed to the pump that XRP has been recording up till now. The past two weeks also saw a massive surge in whale activity, with top buyers restocking up on more and more XRP tokens.

Popular research company Santiment had shared in October that the number of XRP wallets had suddenly jumped too. Its data also showed that within a period of 7 days, the whales managed to increase their holdings by over 700 million XRP tokens.

XRP has also been very active in various countries and seems to be in talks about being adopted as part of digital country stablecoins. One example is India, as The Reserve Bank of India (RBI), India’s central bank, recently confirmed a partnership with Ripple Labs for its Digital Rupee initiative.

RBI will use Ripple’s XRP Ledger and the firm’s expertise in blockchain technology and cross-border transactions to enhance the Digital Rupee’s efficiency and security.

At the time of writing, the token is priced at around $1.7 and has been on a continuous uptrend. The RSI shows that XRP is in severely overbought territory, sitting at more than 97 points right now. A healthy correction may be speculated, but if the dominance of BTC does go down further, then it may not be surprising to see altcoins as a whole gain more strength and pump, with XRP also being a part of the pumping tokens.

The token is yet to see another gain of more than 15% to reach its $2 mark, which would put the total market cap of the token at more than $110 billion from its current $97.5 billion range. Either way, investors seem bullish on the token, with many analysts predicting a $2 target for the token before the end of 2024.

Will Bitcoin Cross $100k This Week?

This is a question that has been on every investor’s mind recently. After BTC managed to cross the $99k range last week, investors were confident of the $100k barrier being broken. But instead, BTC saw a massive correction, dropping as low as $90k within a matter of days. Since then, it has regained strength, but there still seems to be strong trading activity that has been affecting its movements.

The Bitcoin liquidation heatmap recorded significant clusters near $100,000 as well as $95,000. These levels represent areas where leveraged long and short positions are concentrated, attracting traders aiming to trigger liquidations for profit. The chart shows a steady upward trend, with consolidation between $95,000 and $100,000. Both long and short positions have a strong presence, but one barely exceeds the other. The likelihood of Bitcoin thus seems to fall mostly on market sentiment.

Reaching $100,000 depends on market momentum overcoming current resistance. The high liquidity at $100,000 could lead to either a breakout, fueled by bullish sentiment, or a pullback due to profit-taking and selling pressure. A breakdown below $95,000, however, could trigger a cascade of liquidations, driving the price lower.

It is possible that if Bitcoin sustains its bullish trajectory, $100,000 could be tested within days, especially with strong macroeconomic or crypto market catalysts. Austin Hilton, a veteran crypto analyst, also shared in one of his YouTube videos that the possibility of Bitcoin seeing massive growth in the coming days is possible. He also speculated on XRP’s current momentum staying intact and that it may cross the $2 range to explore higher territories in the coming weeks.

Investors Seek Small-Cap Gems

The possibility of a bull market has created a sense of anticipation among the wider investing citizenry. This has led to a majority of them being on the hunt for projects that may possibly pump 10x or even 100x, which during a bull cycle is often possible.

Two trending options that there seems to be a lot of attention on are:

Pepe Unchained

Pepe Unchained is an innovative crypto project that builds upon the iconic Pepe meme, introducing an advanced ecosystem with its own blockchain. Designed to elevate the memecoin concept, Pepe Unchained incorporates Layer 2 (L2