in 2021PUPS, a cryptocurrency based on the concept of Bitcoin, experiences a remarkable increase in value during 2021.

PUPS, a cryptocurrency inspired by Bitcoin (BTC), recorded a new record high of $84.08 on Friday. The Ordinals Inscription project, which was launched around a year ago, has seen a surge in value due to the excitement surrounding the upcoming Bitcoin halving. On Friday, PUPS experienced a significant increase of over 50%, along with other Ordinals tokens such as PEPE, PIZA, and MEME.

Bitcoin-based digital assets, known as non-fungible tokens (NFTs), have become popular among traders. The upcoming halving event for Bitcoin, as well as the recent surge in BTC prices, has contributed to price increases for BRC-20 tokens and meme coins like PUPS, PEPE, PIZA, and MEME.

Based on data from CoinGecko, PUPS reached a new all-time high of $84.08 on Friday.

Market participants have taken notice of the Ordinals tokens and meme coins like PUPS, PEPE, PIZA, and MEME, as they seek to invest in assets within the Bitcoin ecosystem ahead of the halving event on April 19. Many Bitcoin-related tokens have seen price increases leading up to the halving.

As of Friday, PUPS’ market capitalization exceeded $630 million, up from $373 million on April 11, with a daily trade volume of over $41 million.

Other Ordinals tokens, including PEPE, PIZA, and MEME, also saw significant price increases on Friday. At the time of writing, PUPS had experienced a daily gain of 74%.

According to CoinGecko, PEPE, PIZA, and MEME all showed price increases of 33%, 65.4%, and 73.8% respectively compared to the previous day.

The upcoming Bitcoin halving is driving prices higher for Bitcoin and its related tokens in the short term. It remains to be seen if these cryptocurrencies will experience a “sell the news” effect, where prices do not rise as expected or even decline, once the halving event takes place.