The crypto market is recovering, up by a total of 6.34% over the last 24 hours to a total market cap of $3.53 trillion. With this, investors are anticipating another bull run, and with the total market growing at a higher rate than Bitcoin, we might be in for an altcoin season.
The meme coin market responded to this swiftly, with all the top tokens growing and the market’s cap pushing past $100 billion again. With the market potentially edging towards another rally, meme coin ICOs are seeing significant interest, with Wall Street Pepe (WEPE) on route to become one of the fastest-growing presales of 2024.
Market Recovers as Bitcoin Trends Back Toward $100K
With Bitcoin back up to $97,434.68 per token, and heading back to $100,000, the overall crypto market is recovering from this week’s dip. Part of this recovery stems from regular market movements, however, real-world events are also impacting token prices.
For one, the Trump administration is drawing closer, and many experts are bullish on what could happen to the market once the pro-crypto president is in office. Altcoin enthusiasts are especially excited, as Elon Musk – one of Dogecoin’s biggest supporters, is going to be part of the new administration.
The current anti-crypto chair of the SEC, Gary Gensler, is also set to be replaced by the administration. This could give crypto more legislative leeway, translating into higher valuations.
Analysts like Crypto Rover are extremely bullish in the near-term. Historically, Bitcoin has made big gains after the Christmas season, especially during halving years. This, in turn, would lead to the rest of the market pumping.
The biggest #Bitcoin gains occur right after Christmas during halving years.
You’re almost there.
Don’t give up now. pic.twitter.com/43LzJ09LSp
— Crypto Rover (@rovercrc) December 20, 2024
As always, the biggest gainers this bull run are meme coins, with Pepe breaking out of its slump with a massive pump regaining over half of last week’s losses.
Pepe Grows 23%, What’s Next For The Third-Biggest Meme Coin?
Pepe has grown over 23% up to $0.00001908 per token. However, with the coin still down 20% over the week, investors are tentatively bullish on Pepe. As the fastest-growing token in the top 3 most valuable meme coins, Pepe’s technicals have started to shift toward a more bullish outlook.
The token’s long/short ratio is at 0.9841, meaning there are almost twice as many long positions as there are shorts. The community is also quite bullish, with X (Twitter) analysts like y00thereum thinking the token will reach over $69B in market cap, which would require an almost 10x increase.
Never sell your $PEPE. I understand to sell your crypto and sh*t, but selling your $PEPE at these levels wen its obv asf that in a few weeks/month it will reach $69B MC is r-tarded asf. Paperhands will learn the hard way. Everyone gets $PEPE at the price they deserve. pic.twitter.com/35bF3aH0rw
— y00thereum (@y00thereum) December 20, 2024
On top of this, PEPE has a history of bouncing back from lows at record pace. Despite the fact Pepe’s overall technicals are in a neutral position, its funding rate is still positive on most major exchanges, signaling a possible bullish push.
However, as the world’s third biggest meme coin, there’s a lot of price memory baked into the token, and it’s unlikely to make these kinds of returns soon.
For more degen-oriented investors, there’s a brand new presale with a Pepe-inspired aesthetic merging memetic value with real trading utility.
Wall Street Pepe Breaks Records Raising $33.5 Million in ICO
For the longest time, crypto has been the whale’s game. With massive traders and insider groups reaping a lot of the industry’s profits. Wall Street Pepe aims to change that, providing an exclusive group for trading tips, alpha calls, and a community for traders to compete with whales together.
The presale has raised over $33.5 million in just 18 days, making it one of the fastest-growing meme coin ICOs of this year.
Community interest is high, with WEPE’s 25,000 followers on X (Twitter) and 11,000-strong Telegram community outnumbering the communities of many established tokens with 10x WEPE’s market cap.
The token is currently selling for just $0.0003652. However, that price isn’t here to stay – WEPE’s dynamic pricing model will raise the price in under 24 hours, or when another $1 million is raised.
As for security, the project has undergone a comprehensive Coinsult audit, and allocated 10% of the total token supply to liquidity, minimizing the risk of a rug pull and ensuring a smooth trading experience.
With less than 24 hours left until the next price increase, now might be a great time to check Wall Street Pepe out.
Visit Wall Street Pepe Presale
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