Bitcoin's 20% Surge to $100,000 Could Boost Pepe, Tron, BNB

Bitcoin's price was trading at $83,750 on Wednesday, indicating a potential surge of nearly 20% to reach $100,000 by the end of the week. This significant jump is contingent on the Federal Reserve adopting a dovish tone during its two-day meeting. If this scenario unfolds, several cryptocurrencies are poised for substantial gains, including Pepe (PEPE), BNB (BNB), and Tron (TRX).

Pepe (PEPE) is one of the top cryptocurrencies that could experience a surge if Bitcoin's price reaches $100,000 by the end of the week. The coin's strong technical indicators suggest a robust upward movement in the coming weeks. The daily chart shows that Pepe has bottomed at $0.000005920 this month, coinciding with the lowest levels in May and August of the previous year, indicating a potential double-bottom pattern. The neckline of this pattern is at $0.00002835, representing a nearly 300% increase from the current level. Additionally, Pepe has formed a falling wedge pattern, which suggests that whales are accumulating the coin. The combination of whale purchases, a double-bottom pattern, and a falling wedge points to a significant price jump in the near future.

Tron (TRX), led by Justin Sun, is another cryptocurrency that could see substantial gains if Bitcoin's price surges to $100,000. The bullish case for Tron is supported by its strong fundamentals, including the potential creation of a wrapped TRX on Solana. Tron is actively burning coins daily, leading to negative annual inflation. The number of TRX tokens in circulation has been steadily decreasing, and Tron has become one of the most profitable players in the crypto industry after Tether. Its staking yield has also increased in recent months. Furthermore, Donald Trump’s World Liberty Financial has accumulated TRX tokens, and the SEC has dropped charges against Sun, adding to the coin's positive outlook. These fundamentals suggest that Tron could soon stage a strong comeback and hit an all-time high.

BNB (BNB) is another top cryptocurrency to consider. Technically, it has formed a cup and handle pattern, indicating potential future gains. The target price for BNB is around $1,100, significantly higher than its current price of $650. BNB also has strong fundamentals as it aims to challenge Solana and Ethereum in the decentralized exchange (DEX) industry. Data from DeFi Llama shows that BNB's DEX volume is leading this week, driven by the recent Mubarak price surge. The network is also set to undergo the Pascal hard fork this week, with two more upgrades planned by June. These developments could further boost BNB's price.

In summary, if Bitcoin recovers and hits $100,000 later this week, several cryptocurrencies, including Tron, BNB, and Pepe, are likely to experience significant gains. Other promising coins to consider include IOTA, Polkadot, and Kusama. The main catalyst for this potential surge is the Federal Reserve's interest rate decision, which is expected to be announced on Wednesday. While Bitcoin faces challenges in reaching $100,000 this week, the FOMC decision could provide the necessary catalyst for a significant price increase.