Crypto market news this week reads like a market catching its breath. Bitcoin climbed to its best level in a week on October 21. Still, it has spent a month stuck between $80,000 and $87,000. Under that calm, Zcash jumped about 11% and XRP added $4.1 billion in value in a single day.
The big names are doing fine. For readers searching crypto market news for the next mover, one name sits outside these charts: Pepeto. It is a new meme coin sold before listing, with a no fee exchange of its own.
Crypto Market News Today: Bitcoin Reaches a One Week High as Tech Earnings Lift Risk
Bitcoin rose to near $83,500 on October 21, its highest level in a week, as strong tech earnings lifted Asian stocks, FX Leaders reported. Exchange firm Nexo noted that BTC has held between $80,000 and $87,000 for a month, per its daily report. Oil near $110 capped the gains. The Fed meets on October 28, and traders want a close above $84,000 first. So the big coins are waiting on a date, while smaller ones move first.
Two Big Coins on the Move, and the Presale Built by Pepe’s Cofounder
Pepeto: A $0 Bridge Live Before Listing, as Analysts Project 500x
Pepeto has drawn more than $11.2 million into its presale, and it was built by the cofounder of the original Pepe. A former Binance expert sits on its dev team. Its platform is simple to use, and its center is a bridge that moves coins between Ethereum, BNB Chain, Solana, Base and Arbitrum. The bridge is live and running today. It costs $0, and the user pays only network gas.
Other bridges charge $15 to $50 a move and can take minutes or hours. The worst risk there is a failed transfer that locks funds for good. Pepeto’s takes under 60 seconds, and one shown example took 41. Each move runs in two steps. Tokens lock in an audited contract on the first chain. Once the lock is proven on chain, the same tokens appear on the second chain.
No wrapped IOU is made, so the supply stays the same everywhere. If a transfer fails, the lock reverts on its own, and no company ever holds the coins. So a buyer moves from chain to chain without paying a toll each time.
When small coins start to move, buyers shift money around fast, and every hop between chains usually costs a toll. A free bridge keeps those dollars with the holder. The fee free exchange and the scanner run too.
Right now one token is priced at $0.0000001902, and the next stage will cost more. The Binance listing is close, with other exchanges also on the list. Analysts project 500x once Pepeto trades. That target is not a promise. If it lands, buyers at this stage hold the earliest price this token will ever post.
Zcash: Up 11% on Its Upgrade Date, Still 78% Under Its Peak
Zcash jumped about 11% after developers set block 3,543,405, near November 5, to switch on its NU7 upgrade, CoinDesk reported. NU7 cuts the time between blocks from 75 seconds to 25. ZEC trades at $1,230 on CoinMarketCap, still 78% below its 2016 high of $5,941.80. November 5 is the next test,…
Read More: Crypto Market News: BTC Climbs Toward $83,500 as Pepeto Draws 500x Price
