Pepe Holders Are Moving Their Investments to a New Bitcoin Project – What’s Behind the Shift?
As Pepe (PEPE) consolidates within recent ranges following its ugly sell-off last week, Pepe holders are moving their investments to an exciting new Bitcoin project called 99Bitcoins (99BTC) as they hunt for exponential gains.
At current levels around $0.0000052, PEPE is down over 50% from its March highs. The meme coin dumped last week amid a widespread altcoin sell-off that was catalyzed at the time by geopolitical tensions.
A bearish break below a pennant structure then triggered a wave of technical selling, exacerbating the drop.
Strong US data and hawkish comments from Fed policymakers has since blocked a recovery. When expectations for Fed rate cuts fade, this is a headwind for liquidity and interest rate-sensitive assets like crypto.
Despite this, the largest non-Shiba Inu dog-themed meme coin is still up 4x since the start of the year.
But, amid concerns that the meme coin may have already seen its best days, some Pepe holders are diversifying.
One project that is likely catching their attention is an exciting new Bitcoin project in the learn-to-earn (L2E) space, 99Bitcoins. Bitcoin is very much in focus right now thanks to the imminent halving.
99Bitcoins produces courses to help investors make their first steps into the crypto space. It currently has over 100,000 enrolled students.
Moreover, 99Bitcoin’s YouTube channel has over 700,000 subscribers and mailing list has nearly 3 million members. Already a household name in the crypto education space, 99Bitcoin’s is taking its web3 involvement to the next level.
99Bitcoins is launching a new L2E token ($99BTC) that is designed to reward individuals for learning about cryptocurrency.
The classic 99Bitcoins platform is integrating with BRC-20 to pioneer the L2E model on the
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