Bitcoin (BTC) is getting close to the $70,000 mark again, and investors are feeling optimistic.
As usual, when Bitcoin makes a move, meme coins aren’t far behind.
Book of Meme (BOME) and Pepe Unchained (PEPU) are two tokens attracting a lot of attention right now – and they could be ones to watch for further gains in the coming days.
Trump Speech Sparks Bullish Rally in Bitcoin & Meme Coins
Bitcoin has been on a tear lately, hitting $69,770 and showing no signs of slowing down.
The coin’s 3% jump since yesterday puts it at its highest point since June 12 – and it’s now up almost 10% from Thursday’s local low.
But what’s driving all this bullishness?
Look no further than Donald Trump’s recent keynote at the Bitcoin 2024 conference.
The former president went all in on Bitcoin, promising to make the US the “crypto capital of the world” if re-elected.
He discussed creating a national Bitcoin stockpile and making crypto a “permanent national asset.”
However, Trump’s bullish stance isn’t just pumping Bitcoin.
It’s also giving the whole meme coin space a shot in the arm.
We’re now seeing most meme coins post gains as investors switch to a risk-on attitude.
If this trend continues, we could see the meme coin market continue to grow in the weeks and months ahead.
Book of Meme Explodes 23%, Climbs to #2 in CoinMarketCap’s Gainers List
Book of Meme is one of the meme coins that’s benefited most from Bitcoin’s uptick.
The token’s price has rocketed to $0.0105, a 23% gain since yesterday.
This increase puts BOME at its highest price since June 28 – showing that the bulls are firmly in control.
But it’s not just about the price action.
BOME’s spot trading volumes have also exploded, up 18% in the past 24 hours to $350 million.
That makes BOME the world’s 5th most traded meme coin, overtaking both BONK and FLOKI.
Talk about climbing the ranks.
The hype doesn’t stop there since BOME has also snagged the #2 spot on CoinMarketCap’s gainers list.
And with open interest up 76% since yesterday, traders seem to be betting on even more growth ahead.
All of this positivity has come despite no significant news or developments from the Book of Meme project itself.
It’s a prime example of how meme coins can rally purely on market dynamics rather than fundamental factors.
Pepe Unchained Presale Passes $6M as Layer-2 Network Ambitions Draw Praise
Pepe Unchained is another meme coin that’s capitalizing on the bullishness.
While it’s still in its presale phase, Pepe Unchained passed the $6 million mark in funding over the weekend.
This impressive milestone highlights the level of interest in the project’s plans.
These plans include creating a dedicated Layer-2 blockchain network for meme coins.
Think of it as an express lane for meme coin transactions – promising faster speeds and lower fees than Ethereum.
This approach could significantly enhance the meme coin trading experience.
Pepe Unchained’s staking app is adding to the appeal.
PEPU holders can stake their tokens and generate annual yields of 311%.
Investors have already pledged over 514 million PEPU tokens – all before the token has officially launched.
Unsurprisingly, this hasn’t gone unnoticed on social media.
Pepe Unchained’s Twitter and Telegram channels are buzzing with activity, with everyone from seasoned crypto veterans to meme-loving “degens” wanting a piece of the action.
It seems like Pepe Unchained is tapping into something big.
YouTuber Jacob Bury thinks so, stating that PEPU has “10x potential” in a recent video.
So, as Pepe Unchained presale roars on, all eyes are on its official launch – and whether it can become the next big meme coin success story.