Wojak
88,431 views
48 Posts
Hot
Latest
#Write2earn Ethereum Surges Towards $4,000 Milestone and PEPE rise
#Ethereum #pepe #Wojak #EthereumEcosystem
$PEPE $ETH
The cryptocurrency arena is ablaze as Ethereum (ETH) edges closer to the $4,000 mark, fueled by the recent approval of spot Ether exchange-traded funds (ETFs) by the SEC. Monday saw a surge in crypto markets, with Ethereum marking a 3.5% leap, pushing its weekly gain to an impressive 27%. Meanwhile, Bitcoin is back above the $70,000 threshold, and Solana witnessed a 2% appreciation, according to CoinGecko data.
Notably, Ethereum-based meme coin PEPE skyrocketed by 80% over the past week, boasting a market capitalization nearing $7.2 billion, surpassing Polygon (MATIC) and closing in on Uniswap (UNI). This surge in PEPE catalyzed a rally in the Ethereum memecoin sector, with TURBO witnessing a staggering 450% surge and MOG and WOJAK up by over 150%.
Over on Solana, BONK leads with a 52% weekly gain, accompanied by a 22% rise in WIF. Michael Van de Poppe, CEO of MN Trading, highlights the importance of Bitcoin breaching the $70K mark on a Low Time Frame (LTF) basis, predicting a new All-Time High (ATH) once achieved. Data from Farside reveals over a billion dollars flowing into Bitcoin ETFs last week.
Additionally, CoinGlass data indicates crucial liquidity zones forming around the $68,100 and $68,900 price levels, suggesting significant support or resistance points that influence price dynamics as traders zero in on these levels.
In parallel, as the political landscape heats up, former U.S. President Donald Trump emphasized America's pivotal role in the cryptocurrency domain, underlining the nation's aim to lead in this burgeoning industry.
With the U.S. stock market closed on Monday for Memorial Day observance, the cryptocurrency realm continues to capture investors' attention with its dynamic movements.
#Ethereum #pepe #Wojak #EthereumEcosystem
$PEPE $ETH
The cryptocurrency arena is ablaze as Ethereum (ETH) edges closer to the $4,000 mark, fueled by the recent approval of spot Ether exchange-traded funds (ETFs) by the SEC. Monday saw a surge in crypto markets, with Ethereum marking a 3.5% leap, pushing its weekly gain to an impressive 27%. Meanwhile, Bitcoin is back above the $70,000 threshold, and Solana witnessed a 2% appreciation, according to CoinGecko data.
Notably, Ethereum-based meme coin PEPE skyrocketed by 80% over the past week, boasting a market capitalization nearing $7.2 billion, surpassing Polygon (MATIC) and closing in on Uniswap (UNI). This surge in PEPE catalyzed a rally in the Ethereum memecoin sector, with TURBO witnessing a staggering 450% surge and MOG and WOJAK up by over 150%.
Over on Solana, BONK leads with a 52% weekly gain, accompanied by a 22% rise in WIF. Michael Van de Poppe, CEO of MN Trading, highlights the importance of Bitcoin breaching the $70K mark on a Low Time Frame (LTF) basis, predicting a new All-Time High (ATH) once achieved. Data from Farside reveals over a billion dollars flowing into Bitcoin ETFs last week.
Additionally, CoinGlass data indicates crucial liquidity zones forming around the $68,100 and $68,900 price levels, suggesting significant support or resistance points that influence price dynamics as traders zero in on these levels.
In parallel, as the political landscape heats up, former U.S. President Donald Trump emphasized America's pivotal role in the cryptocurrency domain, underlining the nation's aim to lead in this burgeoning industry.
With the U.S. stock market closed on Monday for Memorial Day observance, the cryptocurrency realm continues to capture investors' attention with its dynamic movements.
What the recent meme coin pump means for Bitcoin and Ethereum
Meme coin price rallies typically signal a top in Bitcoin and Ethereum prices in close.
Experts believe if PEPE and other meme coins in the ecosystem rally again, it could fuel capital rotation in Bitcoin and Ethereum.
Baby Doge Coin, Dogelon Mars, and Wojak are among the top 10 meme coins by market cap that are currently rallying.
Meme coins inspired by internet memes and Shiba-Inu-themed coins are currently rallying. After PEPE’s three-digit price rally over the past week, most meme coins have started yielding gains for holders.
Meme coin price rallies and what it means for BTC and ETH
@00forrest, a crypto expert and trader argues that meme coin price rallies typically precede a cycle peak in Bitcoin and Ethereum. PEPE, the meme coin inspired by PEPE the frog meme, recently yielded three-digit gains for holders over the past week before its recent pullback.
Alongside #PEPE , Shiba-Inu-themed meme coins like Baby Doge Coin #BABYDOGE , #DogelonMars (ELON), #Wojak (WOJAK) started their price rallies. The two meme coins rank in the top 10 in the category by market capitalization.
PEPE’s trade volume exceeded that of #Dogecoin , Shiba Inu and Baby Doge Coin over the past week with its massive price rally. The expert noted that meme coin peaks are correlated with Bitcoin and Ethereum peaks as seen in the chart below:
The analyst believes market participants are in the denial phase and this could be the start of a brutal bear market. The meme coin price rally is likely to catalyze capital rotation into other assets like Bitcoin and Ethereum.
With Bitcoin and Ethereum cycle tops in, analysts believe meme coin profits could rotate into cryptocurrencies in the top 10 crypto projects, blockchain gaming and/or NFTs.
Experts believe if PEPE and other meme coins in the ecosystem rally again, it could fuel capital rotation in Bitcoin and Ethereum.
Baby Doge Coin, Dogelon Mars, and Wojak are among the top 10 meme coins by market cap that are currently rallying.
Meme coins inspired by internet memes and Shiba-Inu-themed coins are currently rallying. After PEPE’s three-digit price rally over the past week, most meme coins have started yielding gains for holders.
Meme coin price rallies and what it means for BTC and ETH
@00forrest, a crypto expert and trader argues that meme coin price rallies typically precede a cycle peak in Bitcoin and Ethereum. PEPE, the meme coin inspired by PEPE the frog meme, recently yielded three-digit gains for holders over the past week before its recent pullback.
Alongside #PEPE , Shiba-Inu-themed meme coins like Baby Doge Coin #BABYDOGE , #DogelonMars (ELON), #Wojak (WOJAK) started their price rallies. The two meme coins rank in the top 10 in the category by market capitalization.
PEPE’s trade volume exceeded that of #Dogecoin , Shiba Inu and Baby Doge Coin over the past week with its massive price rally. The expert noted that meme coin peaks are correlated with Bitcoin and Ethereum peaks as seen in the chart below:
The analyst believes market participants are in the denial phase and this could be the start of a brutal bear market. The meme coin price rally is likely to catalyze capital rotation into other assets like Bitcoin and Ethereum.
With Bitcoin and Ethereum cycle tops in, analysts believe meme coin profits could rotate into cryptocurrencies in the top 10 crypto projects, blockchain gaming and/or NFTs.
