- Bitcoin Pepe‘s presale has seen continued momentum ever since it was launched in February.
- The presale has raised over $16 million.
- As per the team, the BPEP token is set to be listed on MEXC and BitMart.
Crypto market sentiment remained stable on Wednesday, even as Bitcoin continued to hover near the $107,000 level.
Traders appear to be in a wait-and-watch mode ahead of key US economic data releases scheduled for Thursday.
The upcoming reports include May job openings from the US Job Openings and Labor Turnover Survey (JOLTS), as well as June’s non-farm payrolls and unemployment rate figures that could influence market expectations around monetary policy.
At the European Central Bank’s forum on Tuesday, Federal Reserve Chair Jerome Powell reiterated that decisions on rate cuts will be data-dependent but offered no guidance on the timing of any potential policy shifts.
Even in this cautious environment, one early-stage project has continued to grab attention.
Bitcoin Pepe& has seen continued momentum ever since it was launched in February.
Bitwise sees BTC hitting $200,000
“It’s been a mixed year for crypto asset prices,” Bitwise’s Matt Hougan and Ryan Rasmussen wrote, noting that Bitcoin reached a new all-time high of $112,000 in May, driven by strong ETF inflows, increasing adoption by treasury-focused companies, and the establishment of a US strategic bitcoin reserve.
In contrast, Ethereum and Solana have both posted year-to-date losses, a divergence the firm attributes to macroeconomic uncertainty and uneven investor sentiment.
Despite the disparity, Bitwise remains optimistic about the second half of the year.
“We’re holding firm to our BTC $200k prediction, as there is simply too much institutional demand for BTC to keep prices flat for long,” Hougan said.
While the firm expressed less confidence in the outlook for ETH and SOL, it cited potential tailwinds from ETF approvals, growing interest in stablecoins, and the rise of ETH and SOL treasury firms.
Bitwise’s forecast that Bitcoin ETF inflows will exceed last year’s $35 billion remains intact, with wider distribution through major wealth platforms supporting that projection.
Bitcoin Pepe’s resilience
The crypto market has seen heightened volatility in recent months, with sharp rallies, steep pullbacks, and shifting investor sentiment defining the landscape.
Despite these fluctuations, the Bitcoin Pepe presale has shown resilience, continuing to attract steady capital inflows.
The sustained interest indicates that the project may be well-positioned to weather current market conditions.
As the first meme-centric Layer 2 on the Bitcoin network, Bitcoin Pepe aims to differentiate itself by combining Bitcoin’s foundational security with scalability features typically associated with platforms like Solana.
This blend of robust infrastructure and cultural relevance distinguishes it from many meme tokens that lack technical depth.
To advance its Layer 2 development, Bitcoin Pepe has entered into partnerships with Super Meme, Catamoto, and Plena Finance.
The project’s strategy of pairing functional utility with meme-driven appeal appears to be gaining traction in the market.
The presale has raised over $16.2 million so far, with BPEP tokens priced at $0.0437.
Listings on MEXC and BitMart are planned, moves that are expected to improve liquidity, enhance visibility, and bolster credibility.
The final listing announcement is scheduled for July 31, drawing additional investor attention as the presale approaches its final stages.
The post Best crypto to buy now as analysts see Bitcoin hitting $200K appeared first on CoinJournal.
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