As the German government sold all of its BTC holdings, the price of BTC began to rise sharply last weekend. At the same time, news came out early Tuesday morning that the US spot Ethereum ETF is expected to be officially launched on July 23.
In addition, former US President Trump appointed JD Vance as the Republican vice presidential candidate today, and JD Vance has drafted crypto-friendly bills, which will be beneficial to the development of the cryptocurrency industry if elected. These good news have jointly promoted the continued rise in BTC and ETH prices, and led to the rise in prices in the entire cryptocurrency market.
According to data from CoinMarketCap on July 17, among the top 100 cryptocurrencies by market value, the top four currencies in terms of 24-hour gains were PEPE, WIF, FLOKI and BRETT, all of which are Meme tokens.
Obviously, when the market picks up or even shows signs of reversal, the altcoins in the Meme sector tend to show the highest gains. Therefore, after a small correction, in addition to the Meme coins with higher market capitalization, what other coins in this sector are worth paying attention to or even "getting on board"?
How to layout meme coins:
1. It is not easy to return to zero for large exchanges listed on the secondary market
2. After adjusting for more than 3-6 months, the bottom has been revealed.
3. If the decline is more than 50-75%, the cleaner the stock is, the stronger the upward momentum will be.
4. The top three in the track, preferably BTC ETH SOL ecosystem.
5. It is best if you have not traded too much before and there are not too many locked-in shares in the past six months.
6. The market value should not be too high, not exceeding 50 million U.S. dollars.
7. Good narrative, good IP, and preferably with the support of celebrities or big KOLs.
8. Pay attention to the market. If the market is at a low level, participate. If the market has risen a lot recently, lighten your position.
1、OK
Price: $1.08
Market Cap: $1.5B
24-hour trading volume: $18.46M
ONDO is a cryptocurrency focused on the field of decentralized finance (DeFi). It supports various decentralized financial applications such as lending, trading, insurance, etc. ONDO's decentralized nature makes financial services more efficient, transparent and fair. With the continuous growth of the DeFi market and the increasing recognition of decentralized finance by users, ONDO is expected to take a leading position in the DeFi field.
2、FIGHT
Price: $0.04643
Market value: None
24-hour trading volume: $116.82M
After the assassination, Trump saluted the crowd and shouted "Fight" before evacuating under the protection of agents and security personnel. Therefore, this meme has become one of the tokens that are still highly active. On the same day, the ETH ecosystem and the Solana ecosystem each had the same name FIGHT token, but after a few days of market selection, the FIGHT popularity of the ETH ecosystem was still very high, and the price was relatively strong, and it was obviously the winner.
Secondary market: Its price hit a high of $0.0825 on July 17. The price has fallen back to $0.055, with a market value of about $55 million.
3、NOT
Price: $0.01647
Market Cap: $1.69B
24-hour trading volume: $377.6M
NOT is a cryptocurrency focused on cross-border payments, but it is different from XRP. It uses more advanced blockchain technology and more optimized algorithms to make cross-border payments faster, more convenient and more secure. The issuer of NOT cooperates with many financial institutions and payment companies around the world to jointly promote the development and innovation of cross-border payments. With the prosperity of global trade and the increase in cross-border payment demand, NOT is expected to become a new choice in the field of cross-border payments.
Finally, Xiaoru wishes everyone to become rich soon!
If you buy at the bottom in this market now, you might end up buying halfway up the mountain. If you don’t buy at the bottom, you might miss the chance to get on board!
In any industry, insiders make money from outsiders. If you don't understand the trend, investment strategy, or systematic investment method, you are welcome to learn from me. In the financial market with the most smart people, you can successfully dig for gold! Find me and follow my profile.
