Crypto is going up today, August 8, as investors cheer the latest Donald Trump executive order that allows retirement funds to invest in digital assets and private equity.
Bitcoin price jumped above $117,500, up from this month’s low of $112,000, while the market capitalization of all coins soared to over $3.87 trillion. Some of the top-performing tokens are Bitcoin Penguins (BPENGU), Mantle (MNT), and Pendle (PENDLE).
Bitcoin Penguins Presale Surges
One of the best-performing cryptocurrencies today is not even publicly traded yet. Bitcoin Penguins (BPENGU) is a new cryptocurrency that launched its presale last week.
BPENGU has raised over $2.16 million so far, and data shows that the uptrend is accelerating. This growth has happened because its name is derived from two highly popular cryptocurrencies: Bitcoin and Pudgy Penguins.
Bitcoin is widely seen as the most popular store of value in the cryptocurrency industry, which explains why Wall Street investors are accumulating its ETFs.
Pudgy Penguins, on the other hand, is regarded as a pioneer in the animal-themed cryptocurrency space. It was the first penguin-based meme coin that may do what Dogecoin did for dogs and Pepe for frogs.
Additionally, investors are eying substantial returns even before the exchange listing, as the listing price will be almost 80% higher than the current one. The developers believe that the Bitcoin Penguins could surge by 1,000x by November.
Hurry up and buy Bitcoin Penguins here.
READ MORE: XRP Price Prediction: Here’s Why Ripple is Set to Surge Soon
Mantle Price Surges Amid Network Growth
Mantle price has gone vertical this week, making it one of the best-performing cryptocurrencies. MNT token jumped to a high of $1.1035, its highest level since February this year. It has soared by almost 100% from the lowest point this year.
Mantle price surged as third-party data showed that the network was growing. Nansen data shows that Mantle’s transactions jumped by over 114% in the last 30 days, while the number of active addresses soared by 202% to 282,853.
Mantle price also jumped as investors cheered the ongoing airdrop on Bybit. Users will be able to claim their tokens by Wednesday next week, which they can redeem for cash.
The daily chart shows that the Mantle token price bounced back from a low of $0.5592 in June to a high of $1.1034. It moved above the upper side of the descending channel.
Mantle price has also jumped above the key resistance at $0.8471, invalidating the double-top pattern. The 50-day and 100-day moving averages have formed a bullish crossover, which is a bullish sign. The most likely scenario is where the MNT price drops and retests the support at $0.8470 and then resumes the uptrend.
Pendle Price Jumps as TVL Soars
Pendle token is another crypto going up today, as data showed that the total value locked (TVL) in the network jumped by 56% in the last 30 days to $7.73 billion. That is a sign that its network growth is continuing.
The daily chart above shows that the Pendle token price has been in a strong bull run in the past few months. It moved from a low of $1.8455 in March to over $5 today.
Pendle price has moved above the key resistance level at $4.7195, the upper side of the ascending triangle pattern. This pattern suggests more gains, with the initial target set at $5.5635, the highest swing observed on June 3.
READ MORE: Just $66 Million! Is the Pi Crypto Price at Risk as Demand Dries?
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