Bitcoin ETF Holdings Surpass $100 Billion, Institutional Adoption Drives Price Predictions
1min read Institutional adoption of Bitcoin continues to grow, with total Bitcoin ETF holdings surpassing $100 billion. Changpeng Zhao, the founder of Binance, has predicted that the price of Bitcoin could reach between $500,000 and $1,000,000 during the upcoming bull run. This prediction is based on the increasing institutionalization of Bitcoin, as evidenced by recent inflows into Bitcoin ETFs.
Bitcoin Pepe is leading the Bitcoin Layer 2 stack with its viral presale, introducing meme coins to the Bitcoin network through its new PEP20 token standard. This project aims to enhance the Bitcoin network's transaction capacity and user experience, making it more suitable for meme coin trading. Bitcoin Pepe has already raised $7.7 million through its public presale, with its native token, BPEP, currently available at $0.031.
CartelFi is another emerging project that addresses the challenge faced by retail traders in choosing between meme coins and staking assets for stable yield returns. The platform allows users to stake their meme coins in specialized liquidity pools, earning impressive APYs while holding their favorite meme coins. CartelFi has also implemented an aggressive buyback and burn mechanism, using up to 100% of platform profits to boost the token’s value. The token is currently priced at $0.045 in the stage 13 of the live presale, which has raised $1.6 million.
PepeX is an AI-powered token launchpad that simplifies the process of launching and funding new projects on the Bitcoin network. The platform uses its AKIRA AI engine to tokenize ideas and promote them worldwide, giving retail investors access to projects at their initial stages. PepeX has raised $2 million in the presale stage 6, with its native token, PEPX, currently selling at $0.0255.
According to analysts, the increasing institutional and retail participation in Bitcoin signals the beginning of the Bitcoin Layer 2 era. Bitcoin Pepe, CartelFi, and PepeX are among the top options for this market cycle, with remarkable success in their presales and significant upside potential. These projects are poised to outshine established altcoins in the market during the upcoming bull run.
