2 months ago
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Digital assets display volatility as pessimistic developments hinder decisive uptrends.
Meanwhile, the latest LIBRA incident has dented Solana’s image, triggering significant declines for projects within the SOL ecosystem.
LIBRA is a themed token dominating political developments in Argentina due to its ties with President Javier Milei.
The developments have attracted substantial criticism for Solana as many perceived it as an ecosystem fraudsters use to accomplish their wrongdoings.
Meanwhile, Bitcoin Pepe appears to benefit from these uncertainties as its ICO approaches its target of $2,856,000.
Source – Bitcoin PepeBitcoin Pepe is a new meme layer on Bitcoin, looking to unleash BTC’s full potential through low fees and instant transactions and allow individuals to create and launch meme cryptocurrencies on the largest blockchain.
LIBRA dents Solana’s image
Solana’s price declined by nearly 20% from 14 February to 18, currently hovering at $168.
The notable dip coincided with the Libra meme coin launch, which saw individuals losing billions after Javier Milei’s endorsement.
The visible pump-and-dump move has triggered significant declines in Solana’s top metrics.
The reduced user participation deteriorated SOL price as the altcoin relies on Dapp usage for its demand.
Solana’s DEX volumes confirm the dire situation.
The daily volume plunged massively from $35.5 billion on 17 January to today’s $3.12 billion.
Source – DeFiLlamaMeanwhile, Solana’s competitors continue to thrive.
For instance, BNB Smart Chain saw a 35% increase in weekly DEX volume, outshining Solana as the leader.
Also, Uniswap, DODO, and Thena saw substantial activity.
Moreover, Solana’s heavy token unlocks in Q1 2025 are sparking concerns.
The project plans to release over 15 million tokens (worth over $2.5 billion) into the circulating supply.
The upcoming event has raised eyebrows as it is 12 times more than the previous quarter’s unlocks.
Bitcoin Pepe steals the show
The new meme coin layer on Bitcoin is making waves in the crypto world due to its capability of unlocking Bitcoin’s full potential.
Bitcoin Pepe plans to revolutionize the BTC ecosystem through instant transactions, DeFi, NFTs, cost-friendliness, and allowing enthusiasts to launch meme tokens.
The project launched the BPEP ICO on 11 February and smashed past $1 million within the first day.
The project has raised close to $3 million within a week, highlighting massive investor appetite and confidence in its future.
Should you invest in Bitcoin Pepe?
Red pill? Blue pill? No. Take the PEP-20 pill.
While promising Solana-like efficiency, Bitcoin Pepe boasts a unique advantage due to its access to Bitcoin’s dormant and massive liquidity.
Bitcoin Pepe’s ties with the bellwether cryptocurrency have triggered speculations of prompt listing on top exchanges after its official debut.
Unlike other meme cryptocurrencies that depend on hype, Bitcoin Pepe prioritizes utility.
BPEP trades at $0.0243 per token, a lucrative discount opportunity for early adopters.
You can find more details on Bitcoin Pepe on their website.
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