NEW: VanEck predicts that Bitcoin  could reach 💵 $2.9M by 2050 if it can reach 10% of global trade, being adopted as both a medium of exchange and a store of value.
#VaneckMemecoinIndex #Bitcoin $BTC

#Write2earn EXPLORING THE #MEMECOIN CRAZE: #VANECK MARKETVECTOR’S NEW INDEX AND EMERGING TRENDS
#VaneckMemecoinIndex #MemecoinIndex
$SHIB $DOGE $PEPE

The index features a range of dog-themed coins and other popular meme tokens.

VanEck's MarketVector has joined the trend of meme coins by introducing a new index centered on this highly popular token category.

Known as the MarketVector’s Meme Coin Index, it trades under the symbol MEMECOIN and monitors the top six meme tokens. Key holdings in the index include Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), along with others like dogwifhat (WIF), Floki Inu (FLOKI), and BONK.
As per its constituents' performance, MarketVector's latest index has seen a remarkable yearly increase of over 195%.

With a market cap of $51 billion, meme coins are gaining significant traction, of which the MarketVector index tracks $44.67 billion. Some investment managers foresee a continued craze around meme coins, citing low fees on Solana that enable users to make small investments for potentially high returns, a departure from past trends hampered by high Ethereum fees.
A new category of meme tokens, PoliFi, has recently emerged, with its market cap soaring to $586 million as the election season heats up.

Notably, one token, BODEN, surged by 16% after former President Donald Trump mentioned it at a campaign event. Similarly, Trump-themed tokens like MAGA saw a 28% increase, while TREMP spiked by 142%.

The most important data in June is about to be released!!
The market movemnt is fluctuating greatly‼
BTC and ETH may face major changes in market situation‼
As mentioned before, the first resisitance level of ETH is 3482, and the second resisitance level is from 3516 to 3559. If ETH breaks through these resistance levels, the bulls are formed. If ETH moves in a pin bar pattern without breaking these resistance levels, the downward trend will continue.
This time, PCE is the last important data in June, which will play a key role in the Federal Reserve interest rates cut decision in July.
The overall market of Bitcoin has experienced a slow and continous decline for a month and then it fell below the 60,000. Currently, it has consoliadted with an osciliation after a rally to near 61,000. it is obvious that Ethereum’s movement is relatively stronger than BTC after an increase for three days. It also experiences an oscilliation in a narrow range. Only when the data to be released can the next major market will happen. According to the overall PCE data, the release of PCE datait may be a positive factor , so it is possible that the market will usher in a wave of increase after the release of PCE. Or it will quickly experience an upward trend in a pin bar pattern first then it will fall again. According to the previous market, however, PCE has repeatedly shown that if doing trade against its data, the data is a favorbale factor .#VaneckMemecoinIndex #PCE #BinanceTournament