
The cryptocurrency market has climbed to a cap of $3.287 trillion today, with its rise coming as stock markets in Europe and Asia reach record highs.
XRP has managed an impressive 10% rally in the past 24 hours, while other big winners in the top 100 include Render (18%), Sui (16%), Provenance Blockchain (13%), and Shiba Inu (7%).
These ongoing gains support the notion that the crypto market may be entering a long-overdue breakout, with further rallies potentially on their way amid expectations of Fed rate cuts this year.
It’s in this increasingly optimistic environment that we’ve picked Ethereum-based mining token PEPENODE ($PEPENODE) as our best altcoin to buy today, with the new crypto possibly in line for some big action once it launches later this week.
There are only two days left until the PEPENODE presale comes to an end, at which point the new token will list on exchanges.
It has already raised just over $2.5 million in its sale, with this figure having risen more rapidly after the 30-day countdown to launch began.
This suggests that PEPENODE could become quite popular once it does go live, with investors seemingly taking plenty of encouragement from the coin’s unique fundamentals.
Indeed, PEPENODE isn’t simply another run-of-the-mill meme coin, but is in fact an innovative mining platform that will make mining more accessible to the average crypto investor.
It will enable users to build out and run their own virtual mining platform, which they can use to mine external tokens such as Pepe and Fartcoin (with more coming at a later date).
This stands in stark contrast to mining with traditional proof-of-work cryptocurrencies such as Bitcoin, which generally requires the use of very expensive – and energy-intensive – mining equipment.
But by spending PEPENODE tokens on more virtual mining nodes, users can increase their rewards, while they can boost their rewards even further by upgrading their nodes and combining them with each other.
In other words, PEPENODE has gamified mining, something which could help draw in considerable numbers of users, boosting the coin’s price over time.
Also boosting demand will be the fact that PEPENODE holders can stake the token, with the current annual yield standing at 527% APY.
Such features help to explain why the PEPENODE presale has done so well, and why the token is our best altcoin to buy today.
While there are only two days left until the token’s sale ends, investors can still join this sale by heading over to the official PEPENODE website.
By connecting a compatible wallet (e.g., Best Wallet), investors can buy PEPENODE using either ETH, USDT, BNB, or fiat currency.
The alt is now selling at its final presale price of $0.0012161, although the available signs suggest that it could rise much higher once it lists at the end of the week.
With the wider market showing indications of renewed bullishness, PEPENODE could indeed be launching at just the right time.
Coins are still in oversold positions after months of uncertainty and stagnation, but now they seem to have begun a concerted recovery, and could bring the PEPENODE price along for the ride.
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