Bitcoin eyes $70k as Piggy Bankster launches in 26 hours
Key takeaways
Bitcoin is trading above $69k once again and is now targeting the $70k psychological level.
Piggy Bankster is scheduled to launch on the Solana blockchain tomorrow
Bitcoin targets $70k
The cryptocurrency market is having a positive start to the week, with BTC and other major altcoins performing well. At press time, the price of Bitcoin stands at $69,070, up by more than 1% in the last 24 hours.
With the broader market performing well so far, BTC could target the $70k psychological level in the near term.
Piggy Bankster prepares for launch
The cryptocurrency market has had an excellent run year-to-date, with most coins and tokens up by more than 50% during that period. As more investors troop into the market, exciting projects continue to emerge.
One project that is set to launch on the Solana blockchain this week is Piggy Bankster, a pig gangster-themed meme coin.
The Piggy Bankster ($PIGS) launch is scheduled for June 4, 2024, and according to the development team it will be designed as a fair launch on the Solana network, allowing investors to acquire the token from the outset without any tiered price increases.
The total supply of Piggy Bankster tokens is set at 100,000,000 $PIGS, with 100% of this supply being allocated to the liquidity pool. The mem ecoin’s initial liquidity stands at $12,000, with a starting price of $0.00012 per $PIGS.
What is Piggy Bankster? The new Solana meme coin
With the Piggy Bankster launch just a few hours away, now’s the time to find out more about this project. Piggy Bankster is a meme coin on the Solana blockchain. However, while the meme coin space is dominated by Dog, Frog, and Cat characters like Dogecoin, Shiba Inu, Pepe, and Popcat, Piggy Bankster is introducing something fresh to the ecosystem.
It is a pig gangster-themed project represented by a pig nicknamed Piggy Bankster. According to their official website, Piggy Bankster struggled his way out of the slums of Swine City and reached the top of the criminal underworld.
Piggy Bankster is a crime boss who only appears on-chain donning a pin-striped suit. Piggy has, does, and will blast anyone in his way and is notorious for his ruthlessness. The pig values loyalty above all and looks after those who serve him faithfully.
Piggy Bankster’s launch comes at a time when meme coins are experiencing massive adoption in the crypto ecosystem. At the moment, there are seven meme coins in the top 100 list, including Dogecoin, Shiba Inu, Pepe, Book of Meme (BOME), Dogwifhat (WIF), Bonk, and Floki.
Solana has become home to some of the leading meme coins thanks to the network’s speed and transparency. Piggy Bankster is now looking to leverage Solana’s features for its $PIGS token.
You can learn more about the Piggy Bankster project from their website or follow their social media activities on X and Telegram.
The post Bitcoin eyes $70k as Piggy Bankster launches in 26 hours appeared first on CoinJournal.
