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The Pups (Ordinals) price has defied the flash crypto crash, surging more than 7% in the last 24 hours and 108% over the past week to trade at 73.07 as of 6:35 p.m. EST.
PUPS has also surged into the top 10 meme coins at 7th place after vaulting over BRETT and BOME following a 1,426% pump in the past two weeks. Its market capitalization stands at $567 million.
The surge in the PUPS price is credited to its groundbreaking launch of the first-ever BRC-20 token airdrop on the Bitcoin network, establishing PUPS as the trailblazing meme coin on the chain.
It also aligns with the excitement surrounding Bitcoin-related altcoins, buoyed 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 Ordinal pre-rune as mint/burn:
BRC20 Pups – 77%
Rune Puppets – 23%Marketplace:https://t.co/vo2L6QRzcx
NFA, it’s just a json file on Bitcoin.
— Pups (@PupsToken) March 9, 2024
Pups (Ordinals) Price Signals A Bullish Trend Reversal
The formation of the descending triangle pattern suggests that the bullish momentum may persist, potentially driving the price higher. If this momentum continues, the bulls could propel the price beyond the wedge, sustaining the upward trend.
PUPSUSDT Analysis By Tradingview
The bulls have done an excellent job of keeping the price above the 100-period simple moving average (SMA), showing that it’s a bullish trend. But to confirm the expected rally, we’ll need to see steady bullish pressure pushing the price above the 50-period SMA.
As for the Relative Strength Index (RSI), it’s dropped below the halfway point of 50. However, signs hint it could bounce back around the 39 mark and head towards the overbought zone at 70.
Pups (Ordinals) Price Bulls Gear Up for Another Rally
The Pups (Ordinals) Price signals a bullish stance, with bulls preparing to rebound for another surge to reclaim its all-time high at 152. However, increased momentum could help the bulls catapult the price up, surpassing its all-time high and reaching a new high at $165 in the upcoming weeks.
On the flip side, if the bears maintain the downward move, the price could slip to the lower boundary of the triangle at $61.
SPONGEV2: A Promising 100X Meme Coin To Buy Now!
As traders gear up for another surge in the PUPS price, investors are also piling into the SpongeV2 token, which is on the verge of being launched on major exchanges. Analysts say it could bring in 100X returns after those launches.
Sponge made a big splash in 2023, delivering massive returns of 100X the initial investment to early backers even during a bear market. It reached a peak market cap of $100 million.
Sponge V2 is its successor after Sponge V1 was retired, and it offers an attractive staking feature, allowing holders to earn an annual yield (APY) of 166% on Ethereum and 358% on the Polygon network.
Don't forget, #SPONGERS! 🧽💦#SpongeV2 is bringing exciting utility through our upcoming #P2E game! 🔥
Get ready to earn $SPONGE tokens by playing the game and ranking on the leaderboard.
Stay tuned for more info! 🚀#MemeCoin #Crypto #Alts #100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) March 22, 2024
The platform also plans the release of a P2E racing game that will allow players to earn rewards, both in the form of a paid version and a free version. In the paid version, SPONGE tokens will be used for both in-game credits and rewards.
Buy SpongeV2 now before it lists on top-tier exchanges on the project’s official website here using ETH, MATIC, USDT, or a bank card.
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