Nvidia's Earnings Send Crypto Market into Frenzy
Nvidia's recent earnings report has sent shockwaves through the tech and crypto markets. The company's revenue of $68.1 billion exceeded Wall Street expectations by over $2.5 billion, causing a surge in the stock price.
The impact of this news is not limited to Nvidia's stock; it has also had a significant effect on the cryptocurrency market. Bitcoin's price rose by 9.3% to reach near $70,000, its largest single-day gain in weeks.
Crypto analysts believe that this rotation of capital from tech to crypto will continue, with smaller projects like Pepeto benefiting from it. Pepeto is a presale token that builds the trading infrastructure for the meme economy and has three products approaching launch, including a zero-tax cross-chain swap and a meme coin listing hub.
The presale has raised $7.33 million, with 70% of the supply already filled, and dual audits from SolidProof and Coinsult have confirmed no critical findings. A Binance listing is also on the horizon for Pepeto.