Bitcoin’s rally to a new all-time high on Wednesday has sparked a strong demand for low-cap altcoins.
Small caps, particularly new meme coins, tend to deliver outsized returns when the bull market euphoria starts to take hold.
Indeed, one of the best new crypto launches, BTC Bull (BTCBULL), staged a parabolic rally on Wednesday and now appears poised for a bullish continuation on Thursday.
Since its July 8th lows, the BTCBULL has rallied by more than 320% to reach a new all-time high of $0.0055. After a healthy pullback since, the price is now approaching a key support level, a potential re-entry point for sidelined investors seeking favourable risk-reward.
Notably, BTC Bull price prediction from prominent analysts had previously suggested a possibility of 10x to 100x returns, especially if Bitcoin continues its long-term upwards trajectory.
Why BTC Bull Is A Beta Bet On Bitcoin?
BTC Bull is one of the unique meme coins, considering it has tied itself to Bitcoin’s long-term upside.
The project is built around the core principle that the Bitcoin price will continue its forward march, giving $150k, $250k and $1 million as its short-term, mid-term term and long-term targets.
The meme coin’s tokenomics is structured to reward token holders whenever the BTC price hits certain set milestones. 5% of the token supply will be burnt at $125k and at every subsequent $25k increase in the Bitcoin price.
There is also a massive $BTCBULL airdrop at $250k.
However, what’s generating the most buzz is BTCBULL’s promise of free Bitcoin. Holders will receive Bitcoin airdrops when BTC hits $150,000, and at every $50,000 milestone thereafter. The size of each airdrop will depend on both the size and duration of a user’s BTCBULL holdings.
Meme coin or not, BTC Bull is shaping up to be a low-cost proxy for a long-call option on Bitcoin itself.
BTC Bull Price Prediction – How High Will It Go?
After a successful presale, which raised over $8 million, BTC Bull is showcasing significant strength in the open market.
Following an initial tumble, which is a typical post-IEO price action, the meme coin has formed a J-shaped upwards-facing parabola. It has appreciated by more than 320% since its July 8th lows, reaching an all-time high of $0.0055.
BTC Bull has since undergone a healthy correction, aligning with the classic A-B-C structure of Elliott Wave theory.
As evident from the price chart above, BTC Bull is currently in the C wave, the final leg of the corrective phase in Elliott Wave counts. Meanwhile, it is also approaching the yellow ascending support line, which could present an excellent buying opportunity for sidelined investors.
Indeed, BTC Bull has plenty of bullish narratives to rally on.
As a Bitcoin-themed meme coin, BTC Bull has positioned itself as a high-beta play on BTC. With Bitcoin back in motion and eyeing a potential move to $120,000 in July, sidelined investors are turning to BTCBULL as a way to amplify their upside.
Similarly, while the meme coin is already live on DEXs, it is soon set to go live on top-tier CEXs as well, which could provide an additional boost to the bullish momentum.
Notably, pre-IEO price predictions from prominent analysts pointed to the potential for 10x returns. With BTC Bull now gaining momentum, a move to $0.025 appears increasingly likely, representing a nearly 680% rally from its current price and a 1,000% gain from its initial listing.
Bitcoin Hyper Could Be The Next Crypto To Explode
BTC Bull’s success indicates that low-cap altcoins, particularly those tied to Bitcoin, are back in business once again.
Unsurprisingly, smart money investors are investing early in the ongoing Bitcoin Hyper presale, which has already raised over $2.3 million.
Bitcoin Hyper (HYPER) is a new layer-2 scaling solution designed to bring the speed, scalability, and programmability of modern blockchains to the BTC ecosystem, all without compromising the core principles that have made it the best-performing asset of the past decade.
By leveraging the Solana Virtual Machine, zero-knowledge rollups, and a canonical bridge, the project aims to solve Bitcoin’s long-standing issues with slow finality, high trading fees, and limited scalability, making it viable for everything from payments and memes to full-scale DeFi applications.
The Bitcoin Hyper dev net is already live.
It isn’t a surprise that HYPER is seeing early success in its presale, considering the top L2 coins often reach multibillion-dollar valuations. Many are already calling it the next 100x crypto.
Visit Bitcoin Hyper Presale
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