Bitcoin has risen again to over $100,000 on Wednesday evening. Currently, it is trading at a cryptocurrency price of over $99,000, marking a 6% increase compared to the price recorded a week ago. Influenced by Bitcoin’s performance, the entire crypto market has seen gains over the past 24 hours, recovering the losses from Monday. XRP, in particular, has risen by about 30% in the last month, leading some investors to speculate that it may even surpass Ethereum in market capitalization.
The total value of the crypto market has risen to $3.49 trillion, up by 3.54% from yesterday, highlighting a bullish sentiment among investors. This results from positive developments for the U.S. economy and the crypto market. Data released on Wednesday showed that the U.S. Consumer Price Index (CPI) rose as expected. Additionally, core inflation, which excludes food and energy prices, increased by 3.2%, below the 3.3% forecast. This increases the likelihood of a rate cut by the U.S. Federal Reserve.
The news has positively impacted the crypto market. This could encourage market participants to make more investments in riskier assets. Wall Street Pepe and Solaxy are two promising crypto projects currently in presale, drawing significant investor interest. These projects have already raised tens of millions of dollars and show no signs of slowing down. Let’s take a look at why.
Wall Street Pepe is approaching $50 million in presale, with a cryptocurrency price of under $1
A new meme coin is catching the attention of investors who prefer to invest in risky assets at a favorable cryptocurrency price. Wall Street Pepe is different from other meme coin crypto projects. This is evident through its successful presale, which has raised over $49 million in capital.
The new project aims to build a solid community of investors by offering attractive benefits that can support the long-term development and use of the coin. Thus, holders of $WEPE tokens will have access to a VIP community called the “Wepe Army.” Together, community members aim to defeat crypto whales who use trading tactics similar to those on Wall Street.
Wall Street Pepe is approaching $50 million in presale, with a cryptocurrency price of under $1
A new meme coin is catching the attention of investors who prefer to invest in risky assets at a favorable cryptocurrency price. Wall Street Pepe is different from other meme coin crypto projects. This is evident through its successful presale, which has raised over $49 million in capital.
The new project aims to build a solid community of investors by offering attractive benefits that can support the long-term development and use of the coin. Thus, holders of $WEPE tokens will have access to a VIP community called the “Wepe Army.” Together, community members aim to defeat crypto whales who use trading tactics similar to those on Wall Street.
The crypto community the project aims to create is inspired by the Reddit group r/wallstreetbets, a subreddit where members discuss stock market trading. It became famous in 2021 when it mobilized tens of thousands of ordinary investors to buy GameStop stocks. Together, they outperformed the multibillion-dollar speculative funds of financial institutions. This event now symbolizes the struggle between small investors and large players in the market.
Wall Street Pepe aims to do the same in the crypto market. Members can get or share trading tips and market information through its insider trading group to beat the crypto whales. Moreover, the community will host weekly trading competitions, with winners being rewarded in $WEPE tokens. Early investors can purchase the tokens at a cryptocurrency price of $0.00036648.
Solaxy is a crypto project aiming to address the issues faced by Solana users
Solaxy is the second presale project that has quickly gained the attention of early investors. So far, it has raised over $10 million in capital, with a cryptocurrency price of $0.001602.
The new crypto presale introduces a Layer 2 solution on the Solana blockchain, aiming to provide users with a smoother experience. Solana often faces scalability issues due to frequent congestion with crypto coins. The emergence of the Pump further accelerates this issue. Fun technology, which allows the creation of meme coins without requiring technical knowledge of blockchain or smart contract creation.
With the Layer 2 solution, Solaxy will facilitate more efficient transaction batching. This will allow it to expand Solana’s capacity far beyond its current limits, offering faster transaction speeds and lower fees. Moreover, the multi-chain functionality of the $SOLX token will enable the creation of a bridge between Ethereum and Solana. By establishing a bridge between these two powerful ecosystems, users of Solana will not only benefit from enhanced speed and scalability and gain access to the solid liquidity Ethereum provides.
These factors could make the $SOLX token record attractive returns after its listing on major crypto exchanges. The Layer 2 solution is gaining increasing attention among investors who are looking for solutions to the problems faced in the crypto market. As a result, $SOLX could benefit from this momentum.
However, it is important to note that both $SOLX and $WEPE are meme coins. Their value is heavily influenced by community sentiment, which can lead to high cryptocurrency price volatility. While they may offer significant returns in a short period, they also carry the risk of equally large losses.