Key takeaways
- Ethereum recently launched the Pectra upgrade and could see ETH’s price soar higher in the medium term.
- Dogecoin is one of the best-performing coins this week as Bitcoin Pepe’s presale hits $7.7 million.
Ethereum hits $2,300 after Pectra upgrade
ETH, the native coin of the Ethereum blockchain, was one of the best performers in the market this week. The coin added 28% to its value this week, outperforming Bitcoin and other major cryptocurrencies.
The rally comes after the Ethereum Pectra hard fork earlier this week. The Pectra upgrade, activated on May 7, introduces a maximum stake limit increase to 2,048 ETH per validator. The upgrade streamlines operations by reducing the need for multiple node setups. At press time, the price of Ether is $2,362 and could rally higher in the near term.
Dogecoin tops $0.2 amid market rally
Dogecoin (DOGE) is another top performer that could rally higher in the medium term. DOGE added 12% to its value in the last 24 hours as Bitcoin and other major cryptocurrencies record excellent gains.
At press time, DOGE is trading at $0.2194 and could surge higher soon. It is still 70% down from the all-time high price of $0.7376 it recorded four years ago, indicating that there could be room for upward movement in the current cycle. As the leading memecoin by market cap, Dogecoin could be a smart buy for investors in the medium to long term.
$BPEP to rally as Bitcoin Pepe introduces memecoin trading to Bitcoin
$BPEP, the native token of the Bitcoin Pepe ecosystem, is another one to consider. Currently in its presale, $BPEP could become one of the best performers in the current cycle.
Bitcoin Pepe is a unique project as it seeks to introduce memecoin trading to the Bitcoin blockchain. Its layer-2 network will leverage Bitcoin’s liquidity and security to build a thriving memecoin trading ecosystem.
The L2 network will empower developers with the tools to migrate their memes from other blockchains to the Bitcoin blockchain. $BPEP will power various activities within the Bitcoin Pepe ecosystem. Developers will use the token to pay for fees and other transactions. These utilities could see $BPEP’s value soar once it launches on exchanges, and early investors could enjoy massive ROI.
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