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The price of Pups (ordinals) has defied the sudden drop in cryptocurrencies, rising more than 7% in the last 24 hours and 108% over the past week of trading. at 73.07 starting at 6:35 pm EST.
PUPS has also risen into the top 10 meme coins at seventh place after overtaking BRETT and BOME following a 1,426% rise in the past two weeks. Its market capitalization stands at 567 million dollars.lion.
The increase in the price of PUPS He is credited with his groundbreaking launch of the first BRC-20 token airdrop on the Bitcoin network, establishing PUPS as the pioneer meme coin on the chain.
It also aligns with the excitement surrounding Bitcoin-related altcoins, fueled by anticipation of the upcoming Bitcoin halving event around April 20.
Pups is the first memecoin on Bitcoin.
Pups is the first BRC-20 airdrop on Bitcoin.
Pups is migrating to Runes with a BRC20 and an ordinal pre-rune like mint/burn:
BRC20 puppies – 77%
Rune Puppets: 23%Market:https://t.co/vo2L6QRzcx
NFA, it’s just a json file in Bitcoin.
– Puppies (@PupsToken) March 9, 2024
PUP (Ordinal) Price Indicates Uptrend Reversal
The formation of the descending triangle pattern suggests that the bullish momentum may persist, which could push the price higher. If this momentum continues, the bulls could push the price beyond the wedge, maintaining the uptrend.
PUPSUSDT Analysis by Tradingview
The bulls have done an excellent job of keeping the price above the 100-period simple moving average (SMA), proving that it is an uptrend. But to confirm the expected rally, we will need to see continued bullish pressure that drives the price above the 50-period SMA.
As for the Relative Strength Index (RSI), it has fallen below the midpoint of 50. However, signals hint that it could recover around the 39 mark and head towards the overbought zone at 70.
(Ordinal) Price Bulls Cubs Prepare for Another Rally
Pups (ordinals) price is indicating a bullish stance, with the bulls preparing to rally and reclaim its all-time high at 152. However, further momentum could help the bulls catapult the price higher, surpassing its all-time high and reaching a new high of $165 in the coming weeks.
On the other hand, if the bears maintain the downward movement, the price could fall to the lower boundary of the triangle at $61.
SPONGEV2: A Promising 100X Meme Coin to Buy Now!
As traders prepare for another surge in PUPS price, investors are also piling in the SpongeV2 token, which is about to launch on major exchanges. Analysts say it could generate 100x returns after those launches.
Sponge made a big splash in 2023, generating massive returns of 100x the initial investment to early backers, even during a bear market. It reached a peak market capitalization of $100 million.
Sponge V2 is its successor after Sponge V1 was retired and offers an attractive staking feature, allowing holders to earn an annualized yield (APY) of 166% on Ethereum and 358% on the Polygon network.
Do not forget, #SPONGES! 🧽💦#SpongeV2 is providing an interesting utility through our next #P2E game! 🔥
Get ready to win $SPONGE chips by playing the game and ranking on the leaderboard.
Stay tuned for more information! 🚀#coinmeme #Crypto #alternatives #100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) March 22, 2024
The platform also plans to launch a P2E racing game which will allow players to earn rewards, both in the form of a paid and free version. In the paid version, SPONGE tokens will be used for both in-game credits and rewards.
Buy SpongeV2 now before it appears on top exchanges in the official project website here using ETH, MATIC, USDT or a bank card.
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