Key takeaways
- Maker’s MKR is up 5% this week, outperforming the broader cryptocurrency market.
- Hedera’s HBAR underperformed this week but could recover amid strong blockchain performance.
- Bitcoin Pepe’s presale hits $7.5 million as it gears up to launch.
Maker (MKR) rally as Sky submits proposal to upgrade token to SKY
Maker DAO rebranded to Sky, and its native MKR token will soon be upgraded. The Sky team announced earlier this week that it has submitted a new governance proposal to finalize the upgrade from MKR to SKY.
The proposal saw MKR’s price surge 5% this week, outperforming the broader cryptocurrency market. At press time, MKR is trading at $1,542, up 1% in the last 24 hours as investors look forward to the token upgrade.
The upgrade would enable SKY Staking and activate USDS rewards for SKY holders. It could also see the token price surge higher in the near term.
Hedera’s HBAR underperforms but could recover soon
HBAR, the native token of the Hedera ecosystem, underperformed in April, losing 6% of its value. At press time, HBAR is down 1% in the last 24 hours and now trades at $0.1867.
If the bulls regain control, the token could reclaim the $0.25 resistance level in the coming hours. Hedera has become home to various dApps thanks to recent upgrades that improved local node testing and Ethereum compatibility.
Furthermore, initiatives such as AI governance integration and asset tokenization continue to attract more projects to the Hedera ecosystem. Hedera’s high throughput, low fees, and energy efficiency make it attractive for enterprise and retail use cases.
Bitcoin Pepe to usher in memecoin trading to Bitcoin
Another coin on this list is Bitcoin Pepe. It is an interesting project offering users and investors a unique value proposition. The team is building a Layer-2 network on the Bitcoin blockchain, leveraging its liquidity and security.
Bitcoin Pepe seeks to become home to memecoin trading on the Bitcoin blockchain. The L2 network will empower developers with the tools to migrate their memes from other blockchains to the Bitcoin blockchain.
Its native token, $BPEP, will power various activities within the Bitcoin Pepe ecosystem. Developers will use the token to pay for fees and other transactions. By offering utility, $BPEP’s value could soar once it launches on exchanges, and early investors could enjoy massive ROI.
Bitcoin Pepe’s presale is set to enter a new stage soon
The presale presents an excellent opportunity for investors to gain early access to the Bitcoin Pepe ecosystem. As the first meme initial coin offering (ICO) on the Bitcoin blockchain, Bitcoin Pepe’s L2 network could attract various meme projects.
The Bitcoin Pepe presale has raised over $7.5 million and will enter the tenth stage once the funding hits $7.7 million. Investors can buy $BPEP via the Bitcoin Pepe website. Accepted modes of payment include ETH, USDT, USDC, BNB, and SOL.
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