Bitcoin Breaks $100,000: Is It Time To Invest In Pepe Coin, Fartcoin, Shiba Inu Ahead of Trump’s Inauguration?

Bitcoin has once again surpassed an impressive milestone, this time rising above the $100,000 mark, which has led to optimism in the cryptocurrency market.

The current rally was made possible by optimistic macroeconomic indicators, such as the decline in inflation and the anticipated interest rate cuts, which are predictive of Bitcoin’s position in the global financial industry. With the spot price now at the psychological price of $100,000, market expectations have increased, and the interest of investors, both old and new, has been piqued.

Bitcoin is back to the $100,000 level. Source: Bitcoin Liquid Index

The Shiba Inu coin, Fartcoin, and Pepe coin have been gaining traction as speculative investments against the backdrop of the bullish trend. These altcoins are community-driven and meme-based, which means that when the market is active, they tend to increase their prices.

Pepe Coin ($PEPE) is getting a lot of attention from investors as analysts are predicting a near-term bull run. From near zero $PEPE went up 10,000% in 2023 and we all know it can grow exponentially. Market dynamics have changed since then, but emerging technicals and macro factors are pointing to another rally soon.

PEPE Coin 1-year price chart. Source: Bravenewcoin

$PEPE is holding above key breakouts, showing strength in a volatile market. Recent technicals show a bullish “Bull Flag” with a target of $0.0000375. If this level is hit, investors will see a 99% gain from the current price. The daily chart is retesting support at $0.00001716 which is the upper boundary of the cup-and-handle formation, which means the trend should continue up.

Also, $PEPE is holding above the 100-day moving average, which is a strong sign of bullish momentum. Analysts are also pointing to a triple bottom pattern with a neckline at $0.00002826 which means the price should rebound and retest 2024 highs.

Pepe is ready to soar. Source X

Pepe Coin’s market cap is over $7.2 billion and closing the gap with Shiba Inu’s $12.6 billion. Analysts predict 75% gain and $PEPE will flip Shiba Inu in market capitalization. Predictions also say Ethereum will rebound to $5,000 and that will be a catalyst for altcoins including $PEPE. Our price prediction for Pepe is that a bullish Ethereum will pump liquidity into Pepe Coin and make it go higher.

Fartcoin (FARTCOIN), the Solana-based meme coin, is moving in the crypto market after a 60% price pump. From a low of $0.75 to a five-day high of $1.07, this token has proven all the naysayers wrong. Trading volume has tripled to $204 million in the last 24 hours Fartcoin is back and investors and traders are taking notice.

Fartcoin monthly price action. Source: Bravenewcoin

Initially thought to be a flash in the pan Fartcoin is now showing signs of being a meme coin with legs. Created by an AI chatbot with a humorous approach, its unique feature – a fart sound effect with each transaction – has resonated with its growing community. With its fully decentralized structure, which means organic growth, the token is one of the most talked about asset on social media.

Technical analysis shows that Fartcoin is in an uptrend after breaking above $1.00 resistance. The token just bounced off 0.382 Fibonacci level, which is a launchpad for a further up move. Also, a clean break above 50-period EMA on the 4-hour chart means bullish momentum is sustained.

Fartcoin technical chart. Source: TradingView

Analysts predict Fartcoin will test its all-time high of $1.60 starting on January 3. If that level is broken, Fartcoin will target a price of $2.00, which is 87% up from the current price. Traders, including meme coin enthusiasts are calling Fartcoin a buy before Trump’s inauguration.

Fartcoin’s market cap has surpassed $1 billion and is making waves in the meme coin space. Liquidity on decentralized exchange like Raydium is playing a big role in its price action. Data shows fluctuating liquidity is causing price volatility and significant inflows and outflows in the SOL/FARTCOIN pool.

As per the on-chain data specialists Nansen, a single individual trader, known as a ‘whale’ in the crypto market, during the course of a day has increased their FARTCOIN stakes by a shocking USD 3 million dollars.

The blockchain wallet address of the whale has been tagged as ‘smart money’ by the Nansen, implying why they may have been catching a good deal on the purchase of FARTCOIN.

Shiba Inu (SHIB), the second largest meme coin by market cap, is looking to bounce back after a 33% price drop from December highs. With new developments and technicals aligning, SHIB could be setting up for a big breakout. Investors are watching the token’s action and broader market trends as Bitcoin passes $100,000 and altcoins follow.

The SHIB price formed a bullish hammer candlestick pattern as cryptos dropped earlier this week. Daily chart shows a falling wedge which is a bullish setup. Breakout from this pattern could take SHIB to $0.000033 from last year which is 50% up from current price of $0.00002236.

Following the recovery, Shiba Inu has seen an increase of 16.57% in Open Interest, amounting to over $389.04 million. In addition, the total liquidations in the last 24 hours were recorded at $1.33 million, which also includes $1 million in long position liquidations giving a long short ratio of 0.8783, showing a significant bearish pressure.

Shiba Inu’s Open Interest.Source: Coinglass

Nonetheless, although the funding ratio seems to have taken a dip before, it now stands at 0.0083% with a brief dip to negative 0.0073%, meaning that there is an increased interest from traders to hold long positions in Shiba Inu.

Shiba Inu’s price fundamentals got a boost with the launch of its new token TREAT on January 14. Early airdrop recipients were rewarded handsomely and trading on KuCoin and Gate.io has already generated significant interest. Token price surged to $0.15 on debut which shows strong community support.

Also, the SHIB Army is still burning the tokens to reduce the circulating supply. Recent data shows a 300% increase in daily burn rate. 24 million SHIB burned in one day and 89 million in a week. This will be a long-term catalyst for price appreciation.

SHIB is following the broader market sentiment as Bitcoin passes $100,000. Positive consumer inflation data and Trump’s pro-crypto policies have boosted the market.

If SHIB reaches $0.000033 an investment at current price will generate a 50% return. With strong technicals, active community, and developments Shiba Inu is a good play for altcoin season. But traders should watch out for support and resistance levels.