Bitcoin (BTC) has long been the dominant force in the world of cryptocurrencies, enjoying widespread adoption and popularity. Recent market developments have seen BTC reaching impressive price levels. This article explores how Bitcoin’s resurgence affects other coins, specifically Caged Beasts (BEASTS) and PepeCoin (PEPE).
With Bitcoin (BTC) hitting $27,388, the coin almost reached a new high for June. Despite the initial obstacles caused by the SEC’s legal action against Binance and Coinbase, BTC shrugged it off and returned to its comfort zone just below $27,000. Even Michaël van de Poppe, the CEO of trading firm Eight, couldn’t contain his excitement, saying, “Back to $27K! That bounce from the 200-Week MA was awesome. Brace yourselves for the new uptrend to $38-42K on Bitcoin.”
Other popular traders seem to agree. They’re calling the BTC price correction “over,” and Rekt Capital, a trader, confirmed that Bitcoin tested and held the 200-week MA as solid support! Analysts believe that by 2025, BTC will be valued at a minimum of $82,711.81 and a maximum of $90,466.04.
Caged Beasts (BEASTS) is a meme coin with a mission to liberate individuals from the constraints of traditional financial systems. As a community-driven token, BEASTS not only encourages participation but actively engages with their fan base, and gives them a say over its future developments.
BEASTS has incentivized investors to get in on the token early by introducing a two-way referral program. Through personalized referral codes, participants can receive 20% of the deposit made by users who join using their code, while the referred investors also receive an additional 20% in BEASTS tokens.
Bitcoin’s resurgence is likely to have a positive impact on Caged Beasts. As BTC’s price rises, it often generates a renewed interest in the broader crypto market. This increased attention can and often does ripple down to the meme coin sector. Between BTC’s bull market, meme coin season, and a list of lucrative benefits, it looks like BEASTS is primed to join the ranks of meme coin royalty alongside Dogecoin!
PepeCoin (PEPE), a popular meme coin, has recently experienced significant price depreciation. With a staggering decline of over 78% from its all-time high, PepeCoin has been on a downward trajectory, losing value consistently. The token has dropped more than 17% in the past seven days and over 54% in the last 30 days, rightly causing distress among investors!
Reports indicate that a majority of PepeCoin investors are currently holding their portfolios at a loss, with only a small profit percentage. Analysts express concerns about the continuous price decline, suggesting that early investors may face the risk of losing their profits entirely, while latecomers might find themselves immersed in losses. However, some analysts are optimistic that BTC’s bull market might provide the much-needed impetus for PepeCoin to leap over its hurdles!
Bitcoin’s return to bullish ways has far-reaching implications for various cryptocurrencies. The renewed interest in BTC will likely ripple through the market and can drive increased visibility and participation for Caged Beasts in addition to reviving PEPE!
Follow the Links For More Information on Caged Beasts!
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
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