Bitcoin Surges, Breaks Records

Bitcoin has recently set several records, moving closer to the anticipated $100,000 price point. On Tuesday, it reached a new all-time high of $89,950, boosting its market cap to $1.787 trillion. This valuation places Bitcoin above silver, making it the eighth most valuable asset globally.

Meanwhile, Bitcoin's daily trading activity reached a significant milestone, surpassing $145 billion in turnover. Other tokens have also experienced growth across different chains. Here are some of the trending coins identified by GeckoTerminal:

Trending Coins on GeckoTerminal

• DOGE: Trading at approximately $3.0156 on Raydium, showing an impressive 1,416% gain over the past 24 hours.
• BABYBTC: Priced at 0.0008373, marking a 2.79% increase within the same period.
• FRED: Noted growth on Raydium, currently valued at $0.1066.
• **Pepe Unchained ($PEPU):** Recently completed a successful presale in the meme coin sector, raising $27.5 million. Its current price is $0.00001789, reflecting a 36.61% increase over the last day.

Analysis of Trending Coins

1. DOGE (Department of Gov Efficiency)

• Trading at approximately $3.0156 on Raydium, with a significant 1,416% increase over the last 24 hours.
• Trading volume reached $89.31 million across 116.24 thousand transactions.
• Price opened at approximately $3.1243, with a high of $3.1249 and a low of $2.5064.
• The chart initially showed limited volatility, with smaller candles.
• Around 6:00 AM, a sharp upward spike occurred, suggesting a breakout or major buy orders.
• The rally peaked close to $5.0 before a reversal, indicating potential resistance or selling pressure.

2. Baby BitCoin (BABYBTC)

• Trading at 0.0008373, reflecting a 2.79% increase over the past 24 hours.
• Trading volume reached $1.67 million across 12,215 transactions.
• Price has experienced various shifts, with a 2.85% increase in the last hour.
• Price opened at approximately 3.1243, hitting a high of 3.1249 and a low of 2.5064.
• Trend and volatility show smaller candles indicating relatively low volatility early on.
• A sharp upward spike occurred around 6:00 AM, likely fueled by large buy orders and increased volume.
• The rally pushed the price close to 5.0 but quickly reversed, possibly due to selling pressure.

3. First Convicted RACCON (FRED)

• Trading at $0.1066 on Raydium, representing a 327.89% gain over the past 24 hours.
• Trading activity is up, with a 24-hour volume of $80.76 million spread across 70,574 transactions.
• Price opened at approximately 3.1243, reaching a high of 3.1249 and a low of 2.5064.
• The chart initially reflects low volatility, with smaller price movements in the early hours.
• Around 6:00 AM, the price experiences a sharp spike, possibly indicating a breakout or large buy orders.
• The rally takes FRED close to 5.0 before reversing, suggesting the rise was unsustainable or met with selling pressure.

4. Pepe Unchained ($PEPU)

• Raised $27.5 million in its presale, marking an impressive debut in the meme coin space.
• Priced at $0.01269 before its decentralized exchange listing.
• Ease of purchasing options and a low initial price have contributed to heightened interest.
• A prominent investor bought 4.6 million $PEPU tokens, signaling interest from high-value investors.
• Pepe Unchained's Layer 2 blockchain, Pepe Chain, sets it apart from other meme coins.
• The ecosystem will expand through a developer grant program and a "Pump Pad" tool for creating meme coins.

5. Pepe (PEPE)

• Priced at $0.00001789, reflecting a 36.61% increase over the past 24 hours.
• 24-hour trading volume is reported to be $62.03 million, with 2,924 transactions taking place.
• Price rose steadily around noon on the 13th, followed by a sharp spike.
• The price faces resistance near the $0.00001900 level, indicating profit-taking or selling pressure.