Pepe Holders Redirect Funds to NewBitcoin ICO – Can it Overtake Bitcoin Cash?
As the Pepe (PEPE) price pushes higher on Monday, with the broader crypto market in a good mood in the wake of Bitcoin halving, Pepe holders are taking profits and redirecting funds to a new Bitcoin ICO called 99Bitcoins (99BTC).
PEPE was last trading with gains of around 10% in the $0.0000065 area. It has now bounced around 65% from earlier monthly lows.
If Pepe can break to the north of its recent downtrend, it could quickly recover to record highs.
And while the meme coin could continue to perform well, hype is growing around Bitcoin protocols after the halving.
The halving saw the launch of a new protocol on Bitcoin called Runes. Created by the same developer as the Ordinals protocol, which allowed users to “inscribe” images, audio, and code files directly onto the Bitcoin blockchain, Runes is designed to facilitate the creation of fungible tokens.
The launch of the Rune protocol was such a success that it launched Bitcoin transaction fees to new record highs.
BITCOIN FEES DECLINE FOLLOWING RECORD HIGHS
After reaching a peak due to the implementation of the Rune Protocol during Bitcoin's latest halving event, the average transaction fee on the Bitcoin network has significantly decreased.
The average paid fee dropped from a record… pic.twitter.com/AAedjzeAWs
— Mario Nawfal’s Roundtable (@RoundtableSpace) April 22, 2024
Pepe holders are thus monitoring opportunities in the fast-evolving Bitcoin ecosystem. And one innovative new learn-to-earn Bitcoin ICO token called 99Bitcoins (99BTC) is catching a lot of attention.
99Bitcoins produces courses to help investors make their first steps into the crypto space. It currently has over 100,000 enrolled students.
Additionally, 99Bitcoin’s YouTube channel has over 700,000 subscribers, and
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