As institutional involvement increases, major cryptocurrencies like Bitcoin, Ethereum, and Ripple are becoming less attractive to investors seeking high-risk, high-reward opportunities, leading traders to explore early-stage projects like Bitcoin Pepe, which has raised close to $16 million in its presale.
Bitcoin is trading around $107,000, nearing its all-time high, with a potential move towards $111,980 if current momentum is sustained, driven by institutional adoption and improving sentiment across the crypto market.
Bakkt Holdings Inc., a crypto software firm, is seeking to raise up to $1 billion through securities offerings, with potential plans to allocate some of the proceeds towards Bitcoin purchases as part of its investment strategy.
Bitcoin Pepe, a meme-centric Layer 2 solution on the Bitcoin network, is drawing investor interest as it rides the Bitcoin wave, with its presale raising over $15.9 million and a price increase expected as contributions cross $17.07 million.