Ethereum Price Prediction Points to New ATH Amidst Crypto Crash, Pepeto Raises $8.4M

Pepeto, a new cryptocurrency built on the Ethereum blockchain, has gained significant traction with its presale raising $8.4 million. This development comes as the Ethereum price is predicted to reach new all-time highs (ATH), despite the current market crash.

The rapid growth of Pepeto's presale has been attributed to the conviction shown by investors, who are treating this as a movement. Data from whale wallets shows that they have accumulated large amounts of ETH over the weekend, with net taker volume reaching $133 million, the highest since July 2022.

The Ethereum price prediction is supported by Standard Chartered's target of $7,500 for this cycle. Pepeto's infrastructure aims to solve issues plaguing the Ethereum network, such as high gas fees and expensive bridging. The project has implemented zero-fee trading across Ethereum, BNB Chain, and Solana, as well as a zero-cost bridge that transfers assets instantly between chains.

The team behind Pepeto consists of experienced developers, including a senior developer from Binance and the cofounder of Pepe coin, which reached $11 billion. The project's staking rewards are at 192% APY, and investors who entered early continue to come back for larger positions as the listing approaches.