Bitcoin Pepe (BPEP) presale surpasses $7m, targeting Bitcoin's massive liquidity

DOGE down 4% amid broader market retreat

Dogecoin price dropped by 4% in the last 24 hours as the crypto market continues to bleed. The meme coin is the worst performer among the top 10 cryptocurrencies by market cap.

At press time, the price of Dogecoin is $0.1770 and could drop further if the bearish trend persists. A fall below the $0.160 support level could open the door for more losses to $0.110.

On the other hand, Bitcoin price has dropped below the $94k level and could test the $91k support in the coming hours or days. The flagship cryptocurrency is trading at $93,148 at press time.

After a brief recovery on Saturday morning, Bitcoin price dipped again, and the bulls failed to break the $98k resistance.

Meanwhile, new meme projects, especially those with utility, are still attracting investors.

Bitcoin Pepe is building a new layer-2 project that could unlock Bitcoin’s liquidity and make it available for memecoin trading. Its exciting product continues to attract more investors, with its presale currently approaching a new stage.

It is also the first meme initial coin offering (ICO) on the Bitcoin blockchain and could record massive adoption once its product and token go live.

Currently in its presale, Bitcoin Pepe has raised nearly $7.1 million and will enter the tenth stage once the funding hits $7.7 million.

Investors are leveraging the presale to secure an early position in this project. Bitcoin Pepe’s $BPEP token will power the entire ecosystem and is available for purchase via the Bitcoin Pepe website. Accepted modes of payment include ETH, USDT, USDC, BNB, and SOL.

At the tenth stage, the price of $BPEP will be 0.999 ETH, while the twelfth and final stage will see the token available for 1.2 ETH.

Bitcoin Pepe’s whitepaper suggests it could become an excellent project with the right level of adoption. The team is building a layer-2 network to become home to memecoin trading on the Bitcoin blockchain.

The team chose Bitcoin due to its massive liquidity and security. NFTs and DeFi protocols are already live on the Bitcoin blockchain, but memecoin trading remains missing.

The Bitcoin Pepe L2 network will introduce memecoin trading to Bitcoin, allowing developers to have access to the blockchain’s liquidity and high-end security features. The L2 network will empower developers with the tools to migrate their memes from other blockchains to the Bitcoin blockchain.

With millions of memecoins currently available in the crypto space, most of them still struggle with poor liquidity and security. Launching memecoins on the Bitcoin blockchain will enable them to tap into its massive (over $1 trillion) liquidity.

With the right adoption, Bitcoin Pepe could become one of the leading layer-2 networks within the cryptocurrency market.

$BPEP will power activities within the Bitcoin Pepe ecosystem, ensuring that developers and users utilise this token for various transactions.

Thanks to its unique value proposition, early investors could enjoy massive ROI once $BPEP launches on cryptocurrency exchanges.

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