December 20, 2024
Bitcoin News

These 2 Cryptocurrencies Could Go Parabolic If Bitcoin Surpasses 100k USDT

As Bitcoin’s price surpassed the psychological $100,000 threshold in December 2024, it ignited momentum across the broader cryptocurrency market. This rally has drawn significant attention to emerging altcoins, with analysts closely monitoring two specific projects Pepe (PEPE) and Minotaurus (MTAUR) that could experience explosive price movements if Bitcoin’s bullish trend continues.

Bitcoin Surges Past 100K USDT in 2024, Eyes New Highs in 2025

Bitcoin (BTC) surged past 100,000 USDT in December 2024, rallying over 140% since the start of the year. This milestone was fueled by key events such as the approval of Bitcoin spot exchange-traded funds (ETFs) in January, the fourth halving event in April, and the election of a crypto-friendly U.S. president in November.

Institutional participation has been a major driver, with spot ETFs holding over 1 million BTC, representing nearly 5% of Bitcoin’s circulating supply. Companies like MicroStrategy and Marathon Digital also expanded their Bitcoin reserves, signaling growing corporate interest.

While Bitcoin briefly dipped below 100,000 USDT following the Federal Reserve’s hawkish stance on rate cuts, corporations, whales, and institutional buyers seized the opportunity to accumulate more Bitcoin. Analysts predict Bitcoin could surpass 200,000 USDT in 2025 as institutional demand continues to rise. With robust market momentum, Bitcoin remains positioned as the leading cryptocurrency, driving optimism across the broader digital asset space heading into 2025.

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PEPE Gains Momentum as Meme Coins See Renewed Interest

Pepe (PEPE), inspired by the internet’s iconic frog meme, has become a popular token among buyers seeking high-risk, high-incentive assets. Despite recent dips, PEPE remains one of the top-performing memecoins of 2024, boasting a market cap exceeding 10 billion USDT.

Currently swapped at 0.00001932 USDT, PEPE’s price is hovering near its key support level of 0.0000188 USDT. Analysts note that if Bitcoin sustains its rally, PEPE could recover and push toward its resistance levels at 0.00002473 USDT and potentially higher. On-chain data indicates a spike in exchange outflows, suggesting that long-term holders are transferring PEPE to private wallets, a signal of optimism for its future price trajectory.

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Moreover, technical analysis shows PEPE nearing oversold territory on the daily RSI at 43. This positions the token for a potential rebound as market sentiment improves. However, buyers remain cautious as recent corrections have introduced short-term volatility, with a possible drop to 0.00001730 USDT if support levels fail.

MTAUR Presale Hits 930,000+ USDT, Builds Traction

Minotaurus (MTAUR), a new gaming-focused cryptocurrency, has captured attention during its ongoing presale. Combining blockchain technology with casual gaming, the project has amassed over 931,868 USDT in its third presale stage. The MTAUR token is priced at 0.0000811 USDT, reflecting a 70% cut from its listing price of 0.00020 USDT.

MTAUR has designed an incentive structure to attract early buyers, offering a 100,000 USDT prize pool. One participant stands to win 50,000 USDT in tokens, while others will share the remaining incentives. This initiative has further boosted demand, with buyers eager to secure discounted tokens ahead of the token’s expected price rally post-listing.

The project’s hybrid gaming model has also garnered attention, appealing to buyers interested in GameFi. MTAUR aims to establish itself as a leading platform in the Web3 gaming space, offering incentives for players and holders alike. As the presale nears its target of 6.44 million USDT, buyers anticipate significant interest upon listing.

Website: http://minotaurus.io/ Announcements: https://t.me/minotaurus_official Chat: https://t.me/minotaurus_chat Twitter: https://twitter.com/minotaurus_io

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.