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Pump.fun (PUMP) has gone up by more than 13% in the past 24 hours as cryptos are bouncing back after yesterday’s sharp drop.
The token is currently nearing the $0.0030 level, and trading volumes currently account for 18% of its circulating market cap, meaning that buying pressure is increasing.
On Black Friday, Pump.fun launched a fee-free onramping program in collaboration with MoonPay to get users to try their mobile app. The solution is now available for both iOS and Android and is designed to improve users’ experience with the platform.
On the Google Play Store, the app has already been downloaded more than 100,000 times but has received a 3.7-star rating from users.
Meanwhile, the protocol’s ongoing fee burn program has been a huge success, as it has already taken out of circulation 13% of PUMP’s circulating market cap. This translates into nearly $200 million invested in reducing the available supply.
Thus far, this program has not helped support the price during the latest downturn, as PUMP has still shed 36% in the past 30 months.
Pump.fun has managed to maintain its lead in the launchpad market within Solana against tough competitors like LetsBonk.fun and Meteora. Its market share still stands at 54%, followed at a close distance by Meteora, which has recaptured the second place in the past 30 days with a 36% share.
Meanwhile, Pump.fun is still the most popular solution in the Solana community for launching meme coins when measured by its number of active traders. In the past month, 3.1 million wallets have interacted with the app compared to 1.2 million on Meteora.
Pump.fun Price Prediction: Volumes Rise as PUMP Bounces Off Key Support
PUMP seems to have found support temporarily at $0.0026. Buying pressure at this level seems to be strong, as reflected by a spike in trading volumes.
In the 4-hour time frame, the Relative Strength Index (RSI) has radically changed course and has now moved above the 14-day moving average. In addition, the price has broken out of a descending price channel.
The key level to watch moving forward would be the 200-period exponential moving average, as it coincides with a previous area that acted as both support and resistance.
If the price breaks above this barrier, we could witness a full-blown recovery in the next few days, as that would confirm a trend reversal.
Decentralized apps like Pump.fun have delivered significant upside to early buyers who bought their native tokens at presale prices. A new layer-2 scaling solution for the Bitcoin blockchain called Bitcoin Hyper ($HYPER) is already one of the hottest crypto presales of the year and could explode once its protocol is officially launched.
Bitcoin Hyper ($HYPER) Brings Smart Contracts and High-Speed Transactions to the Bitcoin Blockchain
Bitcoin Hyper ($HYPER) introduces something the crypto space has waited years for: a true Layer 2 chain that finally gives Bitcoin the speed and flexibility it’s been missing.
This isn’t just another scaling idea — it’s a solution designed to push Bitcoin past its long-standing hurdles, including slow transactions, high fees, and the lack of smart contract support.
With Bitcoin Hyper, transactions are processed with low latency, opening the door for the deployment of DeFi protocols, payment platforms, and further innovations that help expand the top crypto’s ecosystem.
For BTC holders, it means a new opportunity to generate passive income safely on their investment.
Their journey starts with the Hyper Bridge, a solution designed to store BTC tokens in a designated Bitcoin wallet. After the tokens get there, the corresponding amount is minted almost instantly on the Hyper L2 to grant users access to a suite of dApps.
The presale starts at a discounted entry price that increases progressively as tranches are sold.
To buy $HYPER before the next price increase, simply visit the official Bitcoin Hyper website and connect your wallet. You can either swap USDT or SOL for this token or use a bank card instead.
