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💫 The most profitable cryptocurrencies in May, according to categories.
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The Trump-Biden conflict stirred up those memecoins! The Memecoin market has gained volatility amid the Donald Trump-Joe Biden feud. TRUMP, the first major token in the PoliFi (political memecoins) space, traded around $8.5 at 07:56, down 0.5 percent on a 24-hour basis. According to crypto data platform Coingecko, Solana-based TREMP fell 7.2 percent to $0.74. BODEN, another Joe Biden-themed memecoin, fell by 16 percent to $0.13. Crypto investors will be following developments closely as Trump has expressed his support for #Bitcoin miners and prioritized digital assets in his presidential campaign. Therefore, crypto is now considered a trading activity of Trump. Standard Chartered expects $BTC to experience a record rise to $150,000 with Trump's potential victory. Biden, meanwhile, has remained mum and asked federal agencies to explore risks and opportunities, including the potential launch of a central bank digital currency managed by the Fed. “Ahead of the first presidential debate, crypto investors will be carefully watching the effects of the November election on Bitcoin,” Neil Roarty, an analyst at investment platform Stocklytics, said in an email to CoinDesk. “The consensus of the crypto community is that Trump's victory will be positive for the industry. “Aside from its vocal support, Bitcoin has tended to perform well during periods of political and economic uncertainty, and a second #Trump presidency would likely see more of both,” Roarty added.
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Ethereum Breaks New Ground Against Bitcoin After 1.5 Years: Will There Be More? Cryptocurrency analyst and investor @CarpeNoctom pointed out a first in the Ethereum/Bitcoin parity after 1.5 years. Taking advantage of the cloud chart for the BTC/ETH parity, the analyst stated that Ethereum made a 2-day close above this cloud chart after approximately 565 days: ETH/BTC closed above the 2-day cloud level for the first time in 525 days. The cloud chart, which has been indicating a downward trend in red for about 2 years, has never been this close to turning green. Similar returns turned the chart green in 2017 and 2021, and then Ethereum gained significant value against Bitcoin. With the approval of spot #Bitcoin exchange traded funds, #Ethereum , which was crushed against Bitcoin, can rise again with the approval of spot Ethereum, which is expected to come at the beginning of July. According to TradingView data, ETH/BTC parity continues to be traded at 0.055 at the time of writing.
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Dogecoin May Rise Up to 1,500%, According to Leading Crypto Analyst. Dogecoin, a popular #meme coin, is currently exhibiting bullish patterns that have attracted the attention of major cryptocurrency analysts. According to the latest predictions, DOGE may be preparing for an impressive rise and could reach a price range between $1 and $2. This forecast is based on historical trends observed in previous market cycles. Analyst Kaleo, who has a significant following on social media, notes that Dogecoin's significant rises typically begin eight to nine months after Bitcoin's halving event. Considering that the last Bitcoin halving occurred two months ago, a bullish move may not occur until December and February, according to Kaleo. This pattern overlaps with historical data, providing the basis for the projected timeline. Despite the positive outlook, analysts warn that DOGE may experience volatility before a significant rise. A potential pullback to the $0.08 to $0.10 range is expected and is consistent with similar market behavior in 2020. Such fluctuations can be possible preparatory stages for larger upward movements. In summary, although #Dogecoin promises a significant breakout, potential investors should be prepared for temporary market corrections. DOGE's projection of reaching $1 to $2 shows the vibrant potential in the cryptocurrency world. Investors are advised to monitor market trends and be wary of short-term volatility, while also keeping an eye on medium-term uptrends expected late in the year and early next year.
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‼️REMINDER‼️ - The interest rate decision of the Central Bank of the Republic of Turkey (CBRT) will be announced at 14:00 TSI. --------------------------------------- - US Gross Domestic Product (GDP) will be announced at 15:30 TSI. Expectation: 1.3% | Previous: 3.4% Above expectations: POSITIVE | Below expectations: NEGATIVE --------------------------------------- - US Unemployment Benefit Applications will be announced at 15:30 TSI. Expectation: 236K | Previous: 238K Above expectations: POSITIVE | Below expectations: NEGATIVE
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Cryptocurrency market overview | 27 June 🔴 Market cap: $2.25 trillion (-1.39%) 🔴 BTC dominance: 53.33% (-0.08%) ⚡️ Fear and Greed Index: 40 (Fear)
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