Bitcoin’s resilience suggests bullish outlook as Bitcoin Pepe’s presale hits $6.3m

Key takeaways

• Analysts at Grayscale believe that Bitcoin’s resilience suggests a bullish outlook as the USD weakens.
• Bitcoin Pepe’s presale has crossed the $6.3 million mark as stage eight draws closer to its end.

BTC could rally higher, says Grayscale analysts

Bitcoin, the leading cryptocurrency by market cap, recently dropped below the $75k level after losing 8% of its value over the weekend. However, Grayscale’s Zach Pandl is optimistic that BTC’s resilience suggests a bullish outlook as the U.S. Dollar weakens.

Pandl stated that

“I think this is the most bullish 8% drawdown I’ve ever seen in Bitcoin. I think crypto investors should be extremely pleased with the modest pullback in Bitcoin. It reflects that tariffs — while they are a short-term risk-off event for markets — are probably to be something that’s supportive for Bitcoin adoption in the longer run. I think the relatively moderate drawdown reflects that,”

What is Bitcoin Pepe?

Analysts are bullish on BTC’s outlook, and this could reflect on projects within the Bitcoin ecosystem. Bitcoin Pepe is launching on the Bitcoin blockchain and could become a leading protocol within this ecosystem. 

It is launching a layer-2 network on the Bitcoin blockchain to enable seamless trading of memecoins. Currently in its presale stage, Bitcoin Pepe wants to introduce memecoin trading on Bitcoin to boost trading volume on the blockchain and revolutionise how users interact with it. Bitcoin Pepe is also the first meme initial coin offering (ICO) on the Bitcoin blockchain. 

Bitcoin Pepe presale approaches $6.5m

The Bitcoin Pepe presale is currently in its eighth stage, with investors pumping millions into the project. It has raised $6.3 million and will enter the ninth stage once it reaches $6.7 million. 

Investors can purchase the $BPEP token via the Bitcoin Pepe website. Accepted modes of payment include ETH, USDT, USDC, BNB, and SOL. 

In the eighth stage, $BPEP goes for $0.0295 and is set to increase to $0.031 once the ninth stage commences. 

How does Bitcoin Pepe help memecoin traders?

Ethereum, BNB, and Solana are currently the largest memecoin blockchains in the crypto space. However, combined, they lack the liquidity of Bitcoin. Hence, some memecoin projects struggle to attract liquidity due to their blockchains.

Bitcoin Pepe wants to change that by allowing developers to launch memecoins on the Bitcoin blockchain. Its L2 network is introducing memecoin trading to the Bitcoin blockchain, unlocking over $1 trillion in liquidity. 

The introduction of memecoin trading on Bitcoin could see the blockchain’s activity massively increase. The Bitcoin Pepe L2 network will empower developers with the necessary tools to migrate their memes from other blockchains to the Bitcoin blockchain, ensuring maximum security and liquidity.

Why buy $BPEP now?

The Bitcoin Pepe presale is moving fast, with stage eight set to be completed soon. Its native $BPEP token will power the ecosystem and could become one of the best-performing Bitcoin-based b