PEOPLE
Since May, the price of $PEOPLE has been rising, partly due to its connection to the concept of American elections. The token represents the idea of decentralized autonomy, and through crowdfunding to buy the last publicly auctioned copy of the U.S. Constitution at Sotheby's, it has achieved the goal of "common ownership", a symbol of human rights and the spirit of decentralization.
$PEOPLE has a distinct left-wing core that attracts investors who share the same philosophy. With this philosophy, $PEOPLE has an advantage in the market.
According to OKX market data, $PEOPLE briefly broke through $0.048 on May 15, with a 24-hour increase of 34.15%. As of May 17, the price of $PEOPLE was $0.052, with a 24-hour increase of 38.44%. In addition, Binance announced on May 14 that it would launch PEOPLE's spot trading pairs and trading robot services, which further promoted the price increase of PEOPLE.
BABY
Since its inception, PEPE Meme Coin has witnessed a significant surge in value, quickly becoming a favorite among investors. The recent ATH is up a staggering 104% in a month, and 45% this week alone. Since its launch, PEPE has made a staggering profit of nearly 2000% and is expected to grow further.
There are several key factors in the rise of memes
First, the market makers and retail investors do not take over each other’s orders. Most people have gradually become familiar with VC’s methods and do not want to be ripped off, so funds have shifted to other areas, such as BRC-20, SOL and meme.
Secondly, market maker funds have also shifted from the public chain to the meme market, because the meme market is highly volatile, providing market makers with more trading opportunities and potential profits.
Finally, Wall Street also loves memes because they are the best objects for hype. Memes have no logic and are easy to manipulate, allowing bookmakers to easily make huge profits.
However, we should also note that meme itself is a bubble. Due to the impact of the epidemic and the Federal Reserve's policies, there is more hot money in the market and the value is bubbled. Therefore, investors need to be cautious and not blindly follow the trend.
The rise of memes is indeed remarkable, but investors must keep a clear head and not be fooled by the hype. Only rational investment can lead to steady profits.
Will Meme coins take over the rise of altcoins?
In the current bull market, the US Federal Reserve Bank maintains a high interest rate (5.5%), which is in contrast to the low interest rate environment (0% to 2.5%) in previous bull markets, making the economic conditions of this round of bull market more stringent. The "altcoins" favored by institutions generally have too high market capitalizations and a high proportion of large positions, which limits individual investors' expectations for the rise of altcoins. Therefore, in order to seek opportunities with high multiples and high gains, many investors may shift their focus to Meme coins, triggering a wave of "Meme season".
Arkham releases Twitter X celebrity cryptocurrency holdings ranking: Trump ranks first, followed by Justin Bieber
Arkham, an on-chain analysis agency, released a list of celebrity cryptocurrency holdings, marking celebrity accounts with more than one million followers on the X platform and analyzing the cryptocurrencies they hold. The list shows that former US President Donald Trump tops the list with $6.4 million worth of cryptocurrencies, followed by Canadian singer Justin Bieber.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.