Meme coin PEPE [PEPE] currently remains in a consolidation period and maintains its uptrend despite decreasing momentum and buying pressure. Recent analysis points to a potential downward trend in liquidation levels, which could lead to changes in investor sentiment. An important detail is that many PEPE holders are currently in profit, which may affect future market movements.
For the last twelve days, PEPE has remained in the consolidation phase and is trading above the $0.00001129 support level while struggling to break through the $0.000014 resistance level. This period offered investors the opportunity to analyze market conditions without significant fluctuations. It is noteworthy that despite the consolidation, most investors remain in profits, which can act as a buffer against potential downward movements.

The last Bitcoin Conference attracted a lot of attention with the support of prominent political figures for the cryptocurrency industry. Donald Trump and Robert F. Kennedy Jr. came to the fore with promises to make Bitcoin a part of the US economy if elected.
At the event, predictions about Bitcoin's future value and institutional support were the main topics of discussion. The 2024 Bitcoin Conference ended with the speeches of many presidential candidates. In a remarkable speech, Donald Trump promised to update crypto regulations and announced that SEC Chairman Gary Gensler would be fired. Trump described Bitcoin as an example of technological progress and collaboration and voiced criticism of current political figures, highlighting Vice President Kamala Harris' anti-crypto stance.

Shiba Inu and Dogecoin are two leading cryptocurrencies in the memecoin industry and have suffered significant losses in value recently. This has also led to notable downturns in the broader memecoin market, with many projects seeing significant declines. However, a memecoin called Mog Coin managed to achieve a modest price increase despite the overall negative performance of the sector.
Recently, the memecoin industry has faced serious volatility. According to CoinGecko, Shiba Inu fell 3.5% while Dogecoin fell 2.5%. These declines highlighted the various levels of volatility of the crypto market, with Bitcoin experiencing a small decline of only 0.9%.

Extraordinary trading volumes were observed in several altcoins on Upbit, South Korea's largest cryptocurrency exchange. These altcoins include Waves (WAVES), Stellar (XLM), Neo (NEO), WAX (WAXP) and Decentraland (MANA).
On the 4-hour chart for Waves (WAVES), an average transaction volume of $1 million was seen in the last 50 periods. However, recent trading volume increased by a significant 50.28% to $1.5 million. On Binance, the volume increased from an average of 590 thousand dollars to 855 thousand dollars, an increase of 44.83%.

$PEPE
A recent transaction in the volatile cryptocurrency market reveals huge gains and possible risks. While Meme coin investors are making significant profits, it is important to remember that these assets are still highly unpredictable.

In particular, an investment in the Pepe (PEPE) meme coin generated an impressive 886% return. An investor who entered the meme coin market with a strategic move in October last year made a profit of $1.77 million by investing in 170.2 billion PEPE coins and selling them nine months later. The return on this investment demonstrates the rapid and high-reward potential of the cryptocurrency market, delivering a staggering 886% return.

$MATIC
Polygon (MATIC) is currently struggling with choppy price movements and oscillating between periods of consolidation with the potential for a breakout. While there is huge demand for a price increase, various market indicators are giving mixed signals about MATIC's future performance. On-chain data and technical analysis reveal MATIC's possible direction in market instability.

Trading at around $0.51, Polygon faces significant resistance, creating a barrier to significant price gains. According to the Global In/Out of the Money (GIOM) metric, if the price rises to $0.60, approximately 512 million MATIC tokens will be in profit, covering a value of approximately $264 million. This development may accelerate price movements by increasing investor interest.

After the decline in the cryptocurrency market last night, price movements paused. However, XRP's price movements follow a positive trend. This situation is evaluated as the technical formation in XRP may be a process before a potential bull movement.
According to CoinMarketCap data, XRP appears to be performing positively regardless of market movements. The price of XRP increased by 0.54% in the last 24 hours and reached $0.6025. The market volume is over 33 billion dollars. Weekly analysis shows that XRP is moving in a long-term descending channel formation. This formation emerged in July last year, during stagnant market conditions, and is still ongoing.

Polygon's MATIC token has been fluctuating around its current price due to mixed emotions in the crypto market. Market analysts note that despite a bullish demand that could lead to huge potential gains, the market is moving in another direction. On-chain data and graphic analysis also support this situation.
MATIC's price at $0.51 failed to overcome a significant resistance. According to the Global In/Out of the Money (GIOM) indicator, approximately 512 million MATIC tokens were purchased between $0.52 and $0.59 and will become profitable at these levels. If MATIC can reach $0.60, this could trigger a major rally among investors.

After the decline in the cryptocurrency market last night, price movements have come to a halt. However, XRP's price movements show a positive outlook. This situation can be considered as the preparation process of the technical formation in XRP before a possible bullish movement.
According to CoinMarketCap data, it is observed that XRP acts independently of the market. In the last 24 hours, the XRP price increased by 0.54% to $ 0.6025. The market volume was over 33 billion dollars. Looking at weekly price movements, it appears that a long-term descending channel formation has formed. This formation emerged during stagnant market conditions in July last year and is still ongoing. XRP's on-chain data offers important clues about whether a possible upward scenario will occur. According to Santiment data, a decrease in transaction volume was observed during the period when XRP experienced a price decrease. This shows that investors are reluctant to sell their XRP at low prices. Additionally, a decrease in the supply on the stock exchanges may create a supply shortage and increase purchasing pressure.

In the cryptocurrency world, the gaming industry is growing rapidly and players are looking for new ways to earn digital rewards. As one of the pioneering games using the TON blockchain, Hamster Kombat offers players innovative opportunities. “Hamster Kombat's unique structure, combining gaming and blockchain technology, is reshaping the way players earn and interact online,” says an official.
Hamster Kombat has established itself as one of the most popular tap-to-earn games on Telegram. It significantly increases coin earnings by motivating players with daily tasks. For example, on July 29, 2024, players will have the chance to earn up to 6 million coins by completing Daily Password and Combination Code challenges. These missions aim to offer lucrative rewards while keeping players engaged.

Vincent Daniel, who predicted the 2008 financial crisis and known as the "Big Short", made striking comments about the US dollar. These comments may indirectly point to a positive development for Bitcoin investors. Appearing on CNBC's Fast Money program, Daniel expressed doubts about the sustainability of the US dollar.
Daniel stated that he invested in Bitcoin because he predicted that the US dollar would weaken. “The weakening of the US dollar reinforces our positive outlook on Bitcoin,” he said in his interview. Although he previously invested in MicroStrategy and made a loss, Daniel remains confident in Bitcoin. “We have to step out when we make mistakes. “We cut our losses with MicroStrategy but preserved our Bitcoin holdings because we expect the US dollar and fiat currencies to depreciate heavily,” he said.

After the activity on the evening of July 27, most altcoins lost value. In particular, Donald Trump's speech at the Bitcoin Conference in Nashville caused great volatility in the Bitcoin price. While altcoins such as TON and DOGE stood out among those with larger market caps in the cryptocurrency market, the market in general was in a downward trend.
With Joe Biden withdrawing from the 2024 election race last weekend, the Bitcoin price dropped by $ 2,000 in a short time. However, it then increased by more than $3,000 and exceeded $68,400. This rise could not be sustained and Bitcoin started to lose value. Bitcoin, which fell from $67,200 to $63,400 on July 25, rose back to $68,000 with the influence of the bulls.

Recent trends reveal that there have been remarkable changes in the Turkish crypto investment market. Previously little-known altcoins gained popularity and reshaped investors' preferences. Especially humor-themed coins and new technology-oriented projects have begun to attract great attention from Turkish investors.
According to CoinOtag data in the last few weeks, Turkish investors' interest in various altcoins has increased significantly. Searches conducted between July 20-26 showed a dramatic increase in interest in many lesser-known altcoins. This diversification represents a departure from traditional investment strategies and the dynamic nature of the crypto market.

In recent weeks, some notable changes have been observed in the cryptocurrency portfolios of Turkish investors. Searches made on CoinGecko between July 20-26 revealed that previously unheard of altcoins attracted attention.
Looking at the list, the intense interest in meme coins stands out. Especially politically themed coins such as MAGA Pepe and fun projects such as Chinese Andy and Crazy Monkey ranked high in the search results of Turkish investors. This shows that fun and community-oriented projects are becoming increasingly important in the cryptocurrency market. Additionally, new projects such as VPS Ai, TARS Protocol and Undeads Games are also on the radar of Turkish investors. These coins point to artificial intelligence, blockchain games and other innovative technologies.

Although Bitcoin (BTC) prices exceeded $69,000 yesterday afternoon, they could not remain at this level and declined again. Despite Donald Trump's statements supporting Bitcoin, the price fell to $67,000. This situation directed the attention of investors to altcoins, and cryptocurrency analysis firm Santiment shared important information on this subject.
In his statement on Friday, Santiment made evaluations about altcoins with rising potential. The firm examined assets based on market value to realized value (MVRV) Z-score and determined that assets with low MVRV Z-scores were undervalued and assets with high MVRV Z-scores were overvalued. Realized value is considered the price at which each asset was last traded and aims to measure whether investors are in profit or loss. Markets are about to be volatile, Santiment said, and investing in assets that are suffering the most is more likely to yield high returns.

$BTC
Optimism in the Bitcoin market is resurging after a long hiatus, with sentiment metrics reaching significant highs. According to Santiment data, positive sentiment in Bitcoin has reached its highest level in the last year. According to Santiment's latest tweet, "Bitcoin's +20% price increase in the last three weeks has investors largely optimistic."
Amid resurgent market optimism, Bitcoin reaching $70,000 remains a key focus for investors. Bitcoin has experienced a major rally recently, reaching $69,404, its highest level since mid-June. Although its price is currently trading at $67,483 on the Bitstamp exchange, the overall sentiment is still positive. The rapid climb from $53,350 to $60,000 in just eight days indicates a strong market recovery and growing optimism.

Bitcoin briefly rose above $69,000, but it could not last at this level and the price declined again. Santiment made important evaluations about altcoins with low MVRV Z-scores. Altcoins such as Uniswap, Shiba Inu and Polygon were among those that attracted attention.
Yesterday afternoon, Bitcoin was observed to rise above $69,000 again after a long break. However, it could not remain at this level and the price fell again to $ 67,000. Donald Trump's statements about his support for Bitcoin aroused great interest in the cryptocurrency market. However, even with this support, Bitcoin could not continue its rise and its price retreated.

The crypto market is preparing for a momentous week with critical events that could determine the policy direction of the US Federal Reserve. This week's focus will be on the FOMC interest rate decision, Jerome Powell's press conference, and US jobs data. These developments are being watched with great care as they may affect the Fed's interest rate cut plans.
FOMC Interest Rate Decision and Powell's Statements
The crypto market is eagerly awaiting the upcoming FOMC meeting. Investors are looking for clues about the Fed's rate cut. While the market expects the central bank to keep interest rates steady at this meeting, there is increasing speculation about the possibility of three interest rate cuts in 2024. According to the CME FedWatch Tool, the probability of a 25 basis point rate cut being announced in September is evaluated as 89%. Additionally, the recent cooling of inflation data increases expectations for further interest rate cuts in November and December.

For the first time in months, a positive atmosphere prevails in the Bitcoin market. According to the data provided by Santiment, Bitcoin is experiencing the highest bullish sentiment of the last year. On Sunday, the Bitcoin price hit its highest level since June 12, reaching $69,404. However, it gave back some of this rise and is now trading at $67,483 on the Bitstamp exchange.
Bullish sentiment prevails in Bitcoin price
Bitcoin experienced a rapid burst of optimism at the beginning of this month as the price rebounded impressively. He quickly switched from fear to greed. On July 5, BTC dropped to $53,350 on the Bitstamp exchange. During this period, Bitcoin was used in Mt. Mt., which has not been in operation for a long time. Gox exchange and faced selling pressure from the German government. However, it managed to break through the $60,000 level again within eight days and the bulls took control of the market.

Bitcoin has passed a critical resistance level and started to give strong bullish signals. Investor interest in the cryptocurrency market is increasing and a significant increase is observed in Bitcoin's open positions. This latest move indicates a shift in market sentiment, causing significant liquidations of short positions.
On July 27, Bitcoin reached a major milestone by breaking through the critical resistance level of $68,500. According to CoinGlass data, this breakthrough led to a 5.5% increase in BTC's open interest (OI) and increased interest from both traders and investors. In just 24 hours, the price of Bitcoin rose by 2.45% to trade around $69,320 according to CoinMarketCap at press time.