- Bitcoin Pepe’s Presale has been gaining momentum since its launch in February.
- Plesire raised more than $16 million.
- According to the team, BPEP tokens are set to be listed in MEXC and BitMart.
Crypto market centi remained stable on Wednesday, even as Bitcoin continued to approach the $107,000 level.
Traders appear to be in waiting mode ahead of the major US economic data release scheduled for Thursday.
Future reports include May job vacancies from the US Jobs and Labor Turnover Survey (JOLTS) and June non-farm salaries and unemployment rate figures that could affect market expectations regarding monetary policy.
At the European Central Bank forum on Tuesday, Federal Reserve Chairman Jerome Powell reiterated that decisions on interest rate cuts will be data dependent, but no guidance on the timing of potential policy shifts will be provided.
Even in this cautious environment, one early stage project continues to attract attention.
Bitcoin Pepe has been gaining momentum since its launch in February.
Bitise sees BTC reaching $200,000
Bitwise’s Matt Hougan and Ryan Rasmussen wrote, “It was a mixed year of Crypto Asset prices,” with Bitcoin hitting a new high of $112,000 in May, spurring a strong ETF inflow, and adoption by a firm focused on the Treasury Department, establishing a strategic Bitcoin reserve in the US
In contrast, Ethereum and Solana both posted losses from the beginning of the year, which is attributed to macroeconomic uncertainty and uneven investor sentiment.
Despite the disparity, Bitwise remains optimistic about the second half of the year.
“We are firmly holding our BTC $200,000 forecast because there is too much institutional demand to keep prices flat for a long time,” says Hougan.
The company has expressed little confidence in the outlook for ETH and SOL, but cited the potential tailwinds from ETF approval, increased interest in stability, and the rise of companies in the ETH and SOL Treasury.
Bitwise forecasts that Bitcoin ETF inflows exceeded $35 billion last year.
Bitcoin Pepe’s recovery power
The crypto market has seen an increase in volatility in recent months, changing the sentiment of rapid gatherings, sudden pullbacks and landscape-defined investors.
Despite these fluctuations, pre-sales of Bitcoin Pepe have shown resilience and continue to attract stable capital inflows.
The sustained interest indicates that the project may be suitable to weather current market conditions.
As the first meme-centric layer 2 of the Bitcoin network, Bitcoin Pepe aims to distinguish itself by combining the basic security of Bitcoin with scalability features normally associated with platforms such as Solana.
This blend of robust infrastructure and cultural relevance distinguishes it from many meme tokens that lack technical depth.
To advance Layer 2 development, Bitcoin Pepe has signed a partnership with Super Meme, Catamoto and Plena Finance.
The project’s strategy of combining functional utilities with meme-driven appeal appears to have gained traction in the market.
Pressure has raised more than $106.2 million so far, with the BPEP token priced at $0.0437.
A list of MEXC and BitMart is planned, with movements expected to improve fluidity, improve visibility and enhance reliability.
The final listing is scheduled for July 31st, attracting investors’ attention as Presale approaches its final stages.
