Crypto prices are seeing a broad-based rally as the Bitcoin price reclaimed $107k on Monday.
The Ethereum price is on the cusp of reclaiming the $2550 support, which is imminent considering BlackRock’s ETHA ETF just recorded $500 million in inflows over the past 10 days.
Notably, this provides an extremely bullish backdrop for Ethereum meme coins, particularly Pepe, considering smart money investors view them as beta bets on ETH.
The market sentiment is rapidly improving, and Pepe price predictions from prominent analysts have turned distinctly bullish.
Savvy traders are also eyeing upcoming meme coins launches like Solaxy and BTC Bull, which will go live amid a bull market and could therefore see strong rallies right out of the gate.
Pepe Price Prediction – Here’s Why New Highs Are Imminent
BlackRock clients are on a massive Ethereum buying spree. The ETHA ETF hasn’t recorded a single daily outflow since May 7th and has seen strong inflows over the past 10 days, adding over $500 million to its assets under management.
BlackRock’s spot Ethereum ETF now has an AUM of $4.85 billion, which is a strong indication that Ethereum is now an extremely attractive investment for the coming months.
Smart money investors continue to view Pepe as a beta bet on ETH, which has resulted in a strong correlation between the two. Unsurprisingly, whales have now started to stack PEPE.
Data from Lookonchain recently flagged a $1.72 million buy by a whale, which now has $14.5 million in PEPE holdings.
Owing to BlackRock’s recent ETH buying spree, prominent bull Plazma expects a “violent repricing”, resulting in a potential 10x rally.
Another popular trader, Crypto Zeus, has given a bullish Pepe price prediction as well, highlighting its resilience during the recent market-wide correction.
From a technical analysis perspective, Pepe has broken out of a multi-week falling wedge. The next step is to breach its descending macro trendline, which would pave the way for a massive rally.
All eyes would then be on the big resistance at $0.000015, which would likely result in a new all-time high.
The slightly bearish scenario would entail of tag of its ascending support trendline, which would be an excellent buying opportunity for sidelined investors.
However, an explosive Pepe rally is all but guaranteed. Considering its strong correlation with ETH and BlackRock’s recent Ethereum buying spree, new all-time highs for Pepe are imminent.
Solaxy And BTC Bull Also Among The Best Meme Coin Investments
A Pepe bull rally is imminent, and it would result in a return of the bull market euphoria, providing an excellent backdrop for new meme coin launches.
For instance, the first prominent Solana Layer-2 coin, Solaxy (SOLX), is set to end its presale on June 16th and will go live on exchanges just days later.
The SOLX IEO will likely happen right in the middle of a bull market, which could result in an explosive rally right out of the gate.
The Solaxy presale has already raised over $45 million behind heavy whale buying. Considering the fact that its Testnet is already live and the Layer-2 chain is becoming fully operational in June itself, it could raise over $50 million due to the ongoing FOMO buying.
Solaxy has also announced its Pump.fun competitor, the Igniter Protocol. It will enable users to launch meme coins without VC money, which will trade on the cutting-edge Solaxy presale.
Considering its unique value proposition, several smart money investors are viewing SOLX as the next 10x crypto.
Meanwhile, another popular presale meme coin, BTC Bull (BTCBULL), is in high demand and has already raised nearly $7 million in short order.
The BTCBULL presale is ending in just 20 days, also likely amid a broader bull market.
This unique BTC-themed meme coin has tied itself to Bitcoin’s long-term growth trajectory, promising free BTC to its holders when the largest crypto hits certain price milestones.
Unsurprisingly, smart money investors are viewing it as an attractive investment. The aforementioned trader, Crypto Zeus, has called it one of the best meme coins to watch out for.
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