Bitcoin is in a bullish rally driving the price of altcoins.
DOGE, ETH and PEPU are some of the best performing cryptocurrencies.
Bitcoin’s (BTC) recent rise above $80,000 has created a domino effect in the cryptocurrency market, significantly boosting Ethereum (ETH), Dogecoin (DOGE), and Pepe Unchained (PEPU). ETH has surpassed $3,300, benefiting from the growing adoption of smart contracts and decentralized applications.
Dogecoin, backed by influential figures such as Elon Musk, has seen a notable rise, reaching $0.32. For its part, Pepe Unchaineda new memecoin with its own Layer 2 solution on Ethereum, has raised almost $27 million in its pre-sale.
This scenario suggests that BTC rally is acting as a catalyst for these cryptocurrencies, of which we will delve more into the surrounding reasons for their growth, since it is not only about bitcoin.
Ethereum follows in the footsteps of bitcoin
Bitcoin’s recent rise above $80,000 has acted as a catalyst for ETH, which has seen a notable increase in value during November. At the beginning of the month, ether was trading around $2,500 and by the close of November 11, it reached $3,300, which represents an increase of 36.25% compared to last month.
This growth is not only attributed to the momentum generated by bitcoin, but also to intrinsic factors of the Ethereum network. The increasing adoption of smart contracts and decentralized applications (DApps) has strengthened its position in the market. DApps, which operate without intermediaries and offer greater transparency and security, have found in Ethereum a solid platform for their development.
Besides, implementing second layer scalability solutions has improved the efficiency of the network, reducing costs and transaction times, which has increased its attractiveness to developers and investors.
Looking ahead to 2025, projections for Ethereum are optimistic. Analysts predict that, if the current trend continues and with the continued adoption of technologies based on its blockchain, ETH price could range between $5,000 and $10,000.
This panorama suggests that Ethereum continues to establish itself as an attractive option for those seeking to diversify their investments beyond bitcoin and its rally.
The political support that Dogecoin has
In addition to ETH, Dogecoin has also benefited. In November, DOGE has seen a significant increase in its value, reaching $0.32, which represents an increase of 27.68% compared to the previous close.
On the other hand, there are other factors that have influenced its value. The mass adoption of smart contracts and decentralized applications (dApps) has established Dogecoin as the leading platform in this area. The implementation of layer 2 solutions has improved scalability and reduced transaction fees, increasing their attractiveness to developers and investors. This has led to its price rising more than 190% in the last month.
Likewise, we cannot avoid mentioning Donald Trump’s recent victory in the United States presidential elections as a factor that has had a positive impact on the value of memecoins. This is due to Elon Musk’s public support for Trump and his proposal to create a Department of Government Efficiency (DOGE).
Regarding 2025, the projections for Dogecoin are promising for investors. Some experts suggest that, with its current pace and continued support from influential figures, its price could range between $0.50 and $1.
Pepe Unchained: Innovation and opportunity with bitcoin above $80,000
This memecoin has captured the attention of investors by raising more than $26 million in its pre-sale, establishing itself as one of the most promising in its category.
Pepe Unchained stands out for its innovative proposal: its own layer 2 blockchain that optimizes transactionsoffering higher speed and lower costs compared to Ethereum. This infrastructure allows a greater volume of operations to be handled without sacrificing efficiency or security, positioning it as an attractive alternative for memecoin lovers.
The enthusiasm around Pepe Unchained has been reflected in the active participation of the community and the entry of significant investors. Pre-sales have averaged $2 million per week, evidencing growing interest and a positive perception of its potential.
Additionally, the project has launched grants for developers, incentivizing the creation of decentralized applications on its platform and encouraging innovation within its ecosystem. This initiative not only expands the possibilities of use of Pepe Unchained, but also strengthens its position in the cryptocurrency market.
The “Fear of Missing Out” (FOMO) has played a crucial role in the pre-sale success of Pepe Unchained. The combination of a bitcoin-led bull market and the project’s technological innovations have generated palpable enthusiasm among investors, driving demand and, therefore, fundraising.
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