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altFINS_altcoins
--
Bullish
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$DOGE
is up 91% in just one week,
$SHIB
by 54%, and
$PEPE
by 53%.
Will memecoins continue to surge?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
See T&Cs.
DOGE
0.37309
+1.46%
SHIB
0.0000249
-0.91%
PEPE
0.00002104
-6.23%
2.1k
0
Replies
0
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Weekly Crypto and Macro Overview
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#Solana -based dApps are capturing record fees and revenue activity amid #memecoin mania. For example, the memecoin launchpad pump.fun saw its seventh-highest day of earnings, netting $1.65 million in fees.
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Ethereum’s revenues had been floating at low levels with occasional spikes since March 2024 when we saw a peak over $35M. #Ethereum ’s low revenues indicate a broader shift in demand across the market towards Solana, which had seen increased revenues over the same period, with majority of funds coming from high-volume meme coin trading. #Solana ’s revenues shot over $9M last week. $ETH $SOL
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#Bitcoin prices has broken above $74K resistance (prior ATH) and is likely to march higher towards $100K over the next 6 months. It's also broken out of a Channel Up pattern. Since this is fresh new territory for BTC, we used Fibonacci Extensions to identify possible targets and resistance levels along the way to $100K. These are: $76K, $78.5K, $81.6K and $90.7K. It is now overbought (RSI ~ 80) and could pull back on some profit-taking. We'd be buyers on pullbacks to $74K key level.
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