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BitcoinWorld Ethereum: Unlocking Astonishing Growth â Why ETH Price Might Avoid a Swift Correction After 43% Rally The world of cryptocurrencies is always buzzing, and lately, all eyes have been on Ethereum (ETH). If youâve been following the market, youâve likely noticed its impressive performance. Over the past month, Ethereum has seen a remarkable 43% surge, igniting conversations across the entire crypto market. This significant rally has many wondering: is this just a fleeting moment of excitement, or are we witnessing the foundation for sustained growth in the ETH price ? According to Felix Xu, a partner at the prominent crypto hedge fund ZX Squared Capital, a sharp correction for Ethereum in the near term seems unlikely. Letâs dive deeper into whatâs driving this optimism and what it means for the future of this leading digital asset . Whatâs Fueling Ethereumâs Astonishing Surge? Ethereumâs recent ascent isnât merely a stroke of luck; itâs underpinned by several compelling factors, as highlighted by experts like Felix Xu. The 43% rally, while impressive, reflects a growing confidence among investors, particularly institutional players. One of the primary drivers, according to Xu in his interview with Cointelegraph, is the strong influx of capital into U.S. Spot ETF products. While the focus has largely been on Bitcoin Spot ETFs, their success has paved the way and set a precedent for other digital assets , including Ethereum. The approval and subsequent performance of Bitcoin ETFs have significantly de-risked the idea of a similar product for Ethereum in the minds of many investors and regulators. This anticipation alone can drive buying pressure, as market participants front-run potential future approvals. Institutional money, which previously had limited avenues to gain exposure to cryptocurrencies without direct custody risks, now sees a regulated and familiar investment vehicle. Consider the transformative impact Bitcoin Spot ETFs had on the crypto market . When large financial institutions can offer crypto exposure through traditional investment channels, it opens the floodgates for significant capital. For Ethereum, the expectation of a similar product means: Increased Accessibility: More retail and institutional investors can easily buy ETH without navigating complex crypto exchanges. Enhanced Liquidity: A Spot ETF typically leads to deeper liquidity pools, making large trades less impactful on price. Regulatory Clarity: An approved ETF signals a level of regulatory acceptance, reducing perceived risk. This institutional embrace is a game-changer, providing a robust demand side for Ethereum and helping to absorb selling pressure, thereby contributing to the stability of the ETH price . Is the ETH Price Poised for Continued Momentum or a Pullback? Despite its significant rally, the sentiment from analysts like Felix Xu suggests that a sharp correction for the ETH price is not imminent. This perspective is rooted in a combination of technical indicators, market psychology, and fundamental strengths unique to Ethereum . While a 43% surge might typically trigger profit-taking and a subsequent dip, several factors indicate a more resilient market. Firstly, the nature of the recent rally appears to be driven by genuine demand rather than speculative froth. When institutional inflows are a primary catalyst, it often signifies âstrong handsâ entering the market, meaning investors with a longer-term outlook who are less likely to panic sell at the first sign of volatility. This provides a more stable foundation for the digital asset . Secondly, from a technical standpoint, a healthy rally often includes periods of consolidation rather than sharp pullbacks. If demand remains robust at various price levels, any minor dips are quickly bought up, preventing a significant correction. Support levels are reinforced by this consistent buying interest, creating a floor for the ETH price . Furthermore, the broader narrative surrounding digital assets has shifted. With increasing mainstream acceptance and regulatory discussions moving towards clearer frameworks, the inherent volatility of the crypto market is slowly being mitigated. Investors are beginning to view cryptocurrencies, especially established ones like Ethereum, as legitimate components of a diversified portfolio, rather than purely speculative bets. In essence, the current market structure for Ethereum suggests a build-up of momentum, with underlying demand preventing a rapid unwinding of gains. This doesnât mean ETH will only go up, but rather that any potential corrections are likely to be shallower and short-lived, serving as opportunities for new entrants rather than a signal of a bear market. How Are Macro Factors Shaping the Crypto Marketâs Trajectory? Beyond direct crypto-specific catalysts, broader macroeconomic forces play a pivotal role in shaping the trajectory of the entire crypto market , including the ETH price . Felix Xuâs mention of âpolitical pressure on Federal Reserve Chair Jerome Powellâ as a bullish factor for Ethereum is particularly insightful. This refers to the ongoing debate around interest rates and monetary policy. Historically, tighter monetary policies â characterized by higher interest rates and quantitative tightening â tend to be headwinds for risk assets, including cryptocurrencies. When borrowing costs are high, investors are less inclined to put capital into volatile assets, preferring safer, interest-bearing alternatives. Conversely, a dovish pivot by the Federal Reserve, implying lower interest rates or a pause in rate hikes, often signals a more favorable environment for growth assets. Political pressure on the Fed typically aims to encourage policies that support economic growth, which often translates to a more accommodative monetary stance. If the Fed is perceived to be easing its hawkish stance, it can lead to: Increased Liquidity: More money flowing into the financial system, some of which seeks higher returns in risk assets. Lower Opportunity Cost: The appeal of holding cash or low-yield bonds diminishes, making investments in digital assets more attractive. Investor Confidence: A perception of a supportive economic environment can boost overall market sentiment. For Ethereum , a shift towards a more dovish Fed policy could mean sustained tailwinds, as investors seek higher returns in a low-interest-rate environment. This macro backdrop, combined with specific crypto catalysts like Spot ETF developments, creates a powerful bullish narrative for the crypto market as a whole. Can Ethereum Reach the $10,000 Milestone Without Broader Adoption? While the immediate outlook for Ethereum appears strong, Felix Xu tempered expectations by stating that a move to $10,000 by year-end is unlikely without âbroader adoption and sustained inflows.â This highlights a crucial distinction between short-term rallies driven by specific events and long-term, sustainable growth that pushes a digital asset to new all-time highs. What exactly constitutes âbroader adoptionâ for Ethereum ? Itâs more than just price appreciation; itâs about the fundamental utility and integration of the network into everyday life and mainstream industries. Key areas of broader adoption include: Decentralized Finance (DeFi) Expansion: Growth in Total Value Locked (TVL), more users engaging with lending, borrowing, and decentralized exchanges on Ethereum and its Layer 2s. NFTs and Gaming: Continued innovation and mainstream appeal of non-fungible tokens and blockchain-based gaming built on Ethereum. Enterprise Blockchain Solutions: Companies leveraging Ethereumâs technology for supply chain management, digital identity, tokenized assets, and other business applications. Layer 2 Scaling Solutions: Successful implementation and widespread use of Layer 2 networks (like Arbitrum, Optimism, zkSync, Polygon) to make transactions faster and cheaper, improving user experience. Developer Activity: A thriving ecosystem of developers building new applications and protocols on the Ethereum network. Alongside broader adoption, âsustained inflowsâ are equally critical. This refers to a consistent stream of capital entering the Ethereum ecosystem, not just speculative pumps. These inflows can come from: Retail Investors: Everyday individuals buying ETH for long-term holding, staking, or participating in dApps. Institutional Investors: Hedge funds, asset managers, and corporations allocating portions of their portfolios to digital assets , potentially through future Spot ETFs or direct purchases. Ecosystem Funding: Venture capital and grants supporting new projects built on Ethereum. Without this dual engine of utility-driven adoption and consistent capital infusion, the path to $10,000 for the ETH price remains challenging. While the recent rally is encouraging, achieving such a significant milestone requires a fundamental expansion of Ethereumâs real-world use cases and a deeper integration into the global financial and technological landscape. Beyond Price: Understanding Ethereumâs Fundamental Strength and Future Potential. While the ETH price and market rallies often grab headlines, the true long-term value proposition of Ethereum lies in its robust fundamentals and continuous technological advancements. Ethereum is not just a cryptocurrency; itâs a decentralized global computer, a platform for innovation that underpins a vast ecosystem of digital assets and applications. Key to Ethereumâs strength is its transition to a Proof-of-Stake (PoS) consensus mechanism, known as âThe Merge.â This monumental upgrade significantly reduced Ethereumâs energy consumption, making it a more environmentally friendly blockchain. Furthermore, it introduced staking, allowing ETH holders to earn rewards by helping secure the network, thereby reducing the circulating supply and incentivizing long-term holding. This fundamental shift also laid the groundwork for future scalability improvements. Another critical upgrade, EIP-1559, introduced a fee-burning mechanism. A portion of the transaction fees on the Ethereum network is permanently removed from circulation. This mechanism, combined with staking, has made Ethereum a deflationary asset during periods of high network activity, further supporting the ETH price by reducing supply over time. Most recently, the Dencun upgrade in March 2024 brought âproto-danksharding,â a significant step towards making Layer 2 transactions dramatically cheaper and more efficient. This is crucial for mass adoption, as it directly addresses the issue of high gas fees on the mainnet, making decentralized applications (dApps) more accessible and user-friendly. The success of Layer 2 solutions is vital for Ethereumâs scalability roadmap, allowing the network to handle a much larger volume of transactions without compromising decentralization or security. The innovation within the Ethereum ecosystem is relentless. From decentralized autonomous organizations (DAOs) to Web3 gaming, supply chain management, and identity solutions, developers continue to build groundbreaking applications that leverage Ethereumâs smart contract capabilities. This constant evolution and the vibrant developer community are what truly solidify Ethereumâs position as a leading force in the crypto market and ensure its long-term potential. Actionable Insights for Investors in the Crypto Market For those looking at the current landscape of digital assets and considering their next move, here are some actionable insights: Stay Informed, But Donât Overreact: While analyst predictions offer valuable perspectives, the crypto market is inherently volatile. Understand the underlying reasons for price movements rather than reacting to every short-term fluctuation. Consider Long-Term Fundamentals: For Ethereum , its technological roadmap (PoS, Dencun, future sharding), growing ecosystem, and deflationary mechanics are strong long-term drivers. Focus on these fundamentals rather than just the immediate ETH price . Diversify Your Portfolio: While Ethereum is a strong asset, a balanced portfolio often includes exposure to other promising digital assets , as well as traditional investments, to mitigate risk. Understand the Macro Environment: Keep an eye on global economic indicators, central bank policies, and regulatory developments, as these significantly influence the broader crypto market . Explore Layer 2 Solutions: As Ethereum scales, much of the user activity will shift to Layer 2s. Understanding these networks and their associated tokens (if any) can provide additional opportunities. Conclusion: Ethereumâs Resilient Path Forward The recent 43% rally in Ethereum is more than just a fleeting moment; itâs a testament to growing institutional interest, the anticipation of further regulated investment products like a Spot ETF , and the underlying strength of its technological advancements. While a swift correction seems unlikely according to experts like Felix Xu, the path to ambitious price targets like $10,000 for the ETH price hinges on continued broader adoption and sustained inflows of capital into this pivotal digital asset . Ethereumâs journey is a blend of market dynamics, macroeconomic forces, and its relentless pursuit of innovation. As the network continues to evolve with upgrades like Dencun and the ongoing development of its Layer 2 ecosystem, its utility and appeal are only set to grow. For investors and enthusiasts alike, Ethereum remains a cornerstone of the crypto market , offering both immediate excitement and compelling long-term potential. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum institutional adoption. This post Ethereum: Unlocking Astonishing Growth â Why ETH Price Might Avoid a Swift Correction After 43% Rally first appeared on BitcoinWorld and is written by Editorial Team
Netflix has confirmed that it used generative artificial intelligence (AI) to create visual effects in one of its original series , according to a July 18 report by the BBC .
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A July 15 report by global consulting firm Capgemini warns that public-key cryptographic systems, including RSA and elliptic curve cryptography (ECC), may be rendered obsolete by quantum machines in the near future. These are the algorithms that Bitcoin and other blockchains use to secure wallet addresses and authenticate transactions. Capgeminiâs analysis does not specifically mention Bitcoin, but it talks about how ECC, the technology behind the blockchainâs private key, is vulnerable to quantum computing. ECC, like RSA, is susceptible to Shorâs algorithm because it is capable of solving the discrete logarithm problem, the mathematical principle that hides visibility of blockchain keys. âPost-quantum safety is a priority,â says Capgemini The Capgemini report is based on a survey of 1,000 large organizations across 13 countries. It found that 70% of enterprises are either preparing for or already deploying post-quantum cryptography (PQC) solutions, a new generation of encryption meant to protect them from quantum attacks. The survey found that only 15% of companies were âquantum-safe,â and just 2% of global cybersecurity budgets are allocated towards quantum risk solutions. The report also spoke about the principle of âharvest now, decrypt later,â in which attackers stockpile encrypted data with the hope of unlocking it once quantum computing becomes powerful enough to break todayâs cryptographic methods. Blockchain networks that expose public keys, including Bitcoin, could become exposed if bad actors decide to use this kind of breach. Over 25% of Bitcoins at risk More than a quarter of all Bitcoin in circulation has at some point revealed its public key on-chain. This places a target on their current holders in the event cryptographically relevant quantum computer (CRQC) becomes operational. That includes nearly 4 million BTC, among them the estimated 1 million coins linked to Bitcoinâs pseudonymous creator, Satoshi Nakamoto. A July 15 draft Bitcoin Improvement Proposal (BIP), co-authored by Bitcoin developer Jameson Lopp, proposed a phased mitigation plan to counter a possible pipeline to hackers. The plan was revealed at the invitation-only Quantum Bitcoin Summit of cybersecurity sleuths and blockchain developers, held in San Francisco last Monday. â Never before has Bitcoin faced an existential threat to its cryptographic primitives ,â Lopp and his co-authors wrote in their BIP draft. â A successful quantum attack on Bitcoin would result in significant economic disruption and damage across the entire ecosystem .â Lopp and five fellow developers listed three steps to safeguard the network. In the first phase, Bitcoin users would be prohibited from sending funds to quantum-vulnerable addresses. They would be directed to use a âquantum safeâ new address format called P2QRH. Two years after the initial phase, the second step would freeze any coins still held in insecure addresses. The third and final phase, still under discussion, could allow users to recover frozen funds by using their BIP-39 seed phrases. â This proposal is radically different from any in Bitcoinâs history, just as the threat posed by quantum computing is radically different from any other threat in Bitcoinâs history ,â the authors wrote. A past study by UK-based accounting services firm Deloitte investigated the aftermath of a quantum-based attack on the Bitcoin network. The company found that it could lead to mass liquidation of compromised coins. The result would likely be a collapse in price and market confidence, where hodlers will move for exit positions en masse, and in Loppâs words, a âliquidation eventâ will ensue. â People donât believe it will happen until it happens, â Julio Padilha, Chief Information Security Officer of Volkswagen and Audi South America noted in Capgeminiâs report. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
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BitcoinWorld Bitcoin Price Drop: Urgent Warning as BTC Plunges Below $118,000 The cryptocurrency world is abuzz with the latest market movements as Bitcoin, the flagship digital asset, has just experienced a significant shift. According to real-time market monitoring, the BTC price has dipped below the crucial $118,000 mark, sending ripples across the entire digital asset landscape. Specifically, on the Binance USDT market, Bitcoin is currently trading at $117,957.3. This sudden Bitcoin Price Drop has immediately captured the attention of investors and traders alike, prompting questions about market stability and future trajectories. What does this mean for your portfolio, and how should you navigate these turbulent waters? What Triggered This Sudden Bitcoin Price Drop? When Bitcoin experiences a sharp decline, itâs rarely due to a single factor. The crypto market is a complex ecosystem influenced by a multitude of global and internal dynamics. Understanding these potential triggers is crucial for anyone involved in Bitcoin trading or holding cryptocurrency assets. Several elements often contribute to such rapid price movements: Macroeconomic Headwinds: Global economic indicators, such as inflation rates, interest rate hikes by central banks, and geopolitical tensions, can significantly impact investor sentiment towards riskier assets like cryptocurrencies. When traditional markets show signs of instability, capital often flows out of speculative assets. Regulatory Uncertainty: News or rumors of stricter regulations in major economies can create FUD (Fear, Uncertainty, and Doubt) among investors. Governments worldwide are still grappling with how to regulate digital assets, and any perceived negative stance can trigger sell-offs. Whale Movements: Large holders of Bitcoin, often referred to as âwhales,â can move significant amounts of BTC, which can influence market supply and demand dynamics. A large sell-off by a whale can cascade into a broader market reaction. Technical Breakdown: From a technical analysis perspective, breaking below key support levels can trigger automated sell orders and panic selling. The $118,000 mark may have been identified as a critical support level by many algorithms and traders. Market Sentiment and Liquidation Cascades: A negative sentiment, fueled by social media trends or bearish news, can lead to increased selling pressure. In highly leveraged markets, a small dip can trigger liquidations, which in turn push prices further down, creating a âliquidation cascade.â Navigating Crypto Market Volatility: A Traderâs Guide Crypto Market Volatility is an inherent characteristic of the digital asset space. While it presents risks, it also creates opportunities for astute traders. The recent BTC price movement serves as a stark reminder that market conditions can change rapidly. Hereâs how you can approach such periods: Understanding Volatility Volatility refers to the degree of variation of a trading price series over time. In simpler terms, it measures how much an assetâs price fluctuates. Bitcoin is known for its high volatility compared to traditional assets like stocks or bonds. This means larger potential gains, but also larger potential losses. Actionable Strategies During a Dip For those engaged in Bitcoin trading , a strategic approach is paramount during periods of heightened volatility. Here are some insights: Do Your Own Research (DYOR): Never act on rumors. Always verify information from reliable sources before making investment decisions. Risk Management is Key: Only invest what you can afford to lose. Define your risk tolerance and stick to it. Set Stop-Loss Orders: These automated orders help limit potential losses by selling your asset if it drops to a predetermined price. Consider Dollar-Cost Averaging (DCA): Instead of investing a lump sum, DCA involves investing a fixed amount of money at regular intervals, regardless of the assetâs price. This strategy can reduce the impact of volatility. Diversify Your Portfolio: While Bitcoin is dominant, diversifying into other cryptocurrencies or even traditional assets can help mitigate risk. Risk Management Strategies for Bitcoin Traders Hereâs a quick guide to some common risk management techniques: Strategy Description Benefit Stop-Loss Orders Automatically sells an asset if its price falls to a specified level. Limits potential losses in a rapidly falling market. Take-Profit Orders Automatically sells an asset when its price reaches a specified profit target. Secures gains and prevents emotional decision-making. Position Sizing Determining the appropriate amount of capital to allocate to a single trade. Prevents overexposure to a single asset and manages overall portfolio risk. Portfolio Diversification Spreading investments across various assets (e.g., different cryptos, traditional assets). Reduces overall risk; if one asset performs poorly, others may compensate. Is This a Crucial Moment for Bitcoin Trading? Every significant Bitcoin Price Drop is often perceived as a crucial moment, and for good reason. For traders, these dips can represent either a perilous trap or an incredible buying opportunity. The marketâs reaction in the immediate aftermath of breaking below $118,000 will be closely watched. Analysts are now looking for potential support levels below this point, with many eyeing the next psychological and technical levels. The volume accompanying this drop, particularly on major exchanges like Binance, will provide further clues as to the strength of the selling pressure. For long-term investors, such dips are often viewed through a different lens. While short-term fluctuations can be unsettling, many âhodlersâ see these moments as chances to accumulate more Bitcoin at a discount, trusting in the assetâs long-term growth potential. The fundamental value proposition of Bitcoin â decentralization, scarcity, and a growing global network â remains unchanged despite price volatility. What Does This Mean for Your Cryptocurrency Holdings? If you hold cryptocurrency, particularly Bitcoin, a sudden drop in the BTC price can be unnerving. However, itâs important to differentiate between short-term market noise and long-term trends. For new investors, witnessing significant Crypto Market Volatility can be a harsh introduction. It underscores the importance of having a clear investment thesis and not reacting impulsively to every market swing. For those with a long-term perspective, market corrections are a natural part of any asset classâs growth cycle. Bitcoin has seen numerous significant corrections throughout its history, only to rebound stronger. The key is to avoid panic selling and instead, re-evaluate your investment strategy. Is your initial reason for investing still valid? Are your financial goals aligned with the current market conditions? This dip might even present an opportunity to rebalance your portfolio or invest further if you believe in Bitcoinâs future. Beyond the Headlines: The Future of Bitcoin and Cryptocurrency News While the immediate focus is on the current Bitcoin Price Drop , itâs essential to look at the broader picture. The underlying technology and adoption of Bitcoin continue to evolve. Despite short-term price movements, the infrastructure supporting cryptocurrencies, including new financial products, institutional adoption, and technological advancements (like the Lightning Network for faster transactions), is steadily growing. Keeping up with reliable Cryptocurrency News is vital for understanding these broader trends. The narrative around Bitcoin is shifting from purely speculative trading to its role as a potential store of value, a hedge against inflation, and a decentralized alternative to traditional finance. This long-term view suggests that while volatility will always be a factor, Bitcoinâs journey is far from over. Future developments in regulatory clarity, technological scaling, and mainstream integration will continue to shape its trajectory, regardless of temporary price fluctuations. Summary: Navigating the Waves of Bitcoinâs Volatility The recent dip in BTC price below $118,000 serves as a powerful reminder of the dynamic and often unpredictable nature of the cryptocurrency markets. While a Bitcoin Price Drop can be alarming, itâs a normal part of the assetâs lifecycle, driven by a confluence of macroeconomic factors, technical indicators, and market sentiment. For those involved in Bitcoin trading , understanding Crypto Market Volatility and implementing robust risk management strategies are paramount. For long-term investors, these moments often represent opportunities for accumulation rather than panic. Staying informed through reliable Cryptocurrency News and maintaining a disciplined approach are crucial for navigating these challenging yet potentially rewarding periods. Ultimately, Bitcoinâs journey is characterized by its resilience and evolving role in the global financial landscape. Frequently Asked Questions (FAQs) Q1: Why did Bitcoin fall below $118,000? A1: The exact reason for a specific price drop is often multifaceted, but common contributing factors include broader macroeconomic concerns (like interest rate changes or inflation fears), significant sell-offs by large holders (âwhalesâ), negative regulatory news, or the breaking of key technical support levels which can trigger automated selling. Q2: Is it a good time to buy Bitcoin after this price drop? A2: Whether itâs a âgoodâ time to buy depends entirely on your personal financial situation, risk tolerance, and investment strategy. Some long-term investors view dips as buying opportunities (often called âbuying the dipâ), while others prefer to wait for market stabilization. Itâs crucial to do your own research and consider your investment goals. Q3: How does market volatility affect long-term investors? A3: For long-term investors, short-term market volatility is often less concerning than for day traders. Long-term strategies like dollar-cost averaging can help mitigate the impact of price swings. The focus shifts from daily price movements to the assetâs fundamental value proposition and its potential for growth over several years. Q4: What are the best strategies during a Bitcoin price drop? A4: Key strategies include implementing strict risk management (e.g., stop-loss orders), avoiding emotional decisions, diversifying your portfolio, considering dollar-cost averaging for new investments, and staying informed through reliable cryptocurrency news sources rather than reacting to social media FUD. Q5: Where can I monitor real-time BTC price and market data? A5: You can monitor real-time BTC price and market data on major cryptocurrency exchanges like Binance, Coinbase, Kraken, and through dedicated crypto data platforms such as CoinMarketCap, CoinGecko, or TradingView. These platforms provide live price feeds, charts, and market analytics. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin Price Drop: Urgent Warning as BTC Plunges Below $118,000 first appeared on BitcoinWorld and is written by Editorial Team
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The total market cap of memecoins rose to $79.3âŻbillion in July, led by a 46.86% gain in the Bonk token and big gains from the other major coins, including Dogecoin, Gigachad, and Pengu, and more. Most of the memecoins this week have been in the green, suggesting that the sector is once again heating up and might be ready for another run up. Since the monthâs start, the memecoin market has added over $23âŻbillion in value, rising from $55âŻbillion on JuneâŻ30 to $79.3âŻbillion by Friday. In the last 30 days, the total memecoin market cap has been boosted by 47.98% according to CoinMarketCap data . Memecoin market data. Source: CoinMarketCap Trade showed that memecoin trading volumes climbed in July, hitting a peak of just over $18.81âŻbillion in 24âhour volume on Friday. The secondâlargest daily figure in the past month, $17.09âŻbillion, came earlier on Saturday, showing growing interest in these tokens. Several of the main tokens also posted gains in recent days. Dogecoin, ShibaâŻInu, and Pepe all rose, but each recorded smaller moves on the weekly time frame compared to other coins. Floki marked a 37% jump over the week, the Pudgy Penguins (PENGU) token climbed by 38.33%, and Bonk topped the list with a 48.51% surge over the week. Nevertheless, Dogecoin is still leading all memecoins on the daily run. Today, its price increased by over 15%. Among known coins, Gigachad was second at 14% increase in the last 24 hours. The Bonk tokenâs run owes much to LetsBonk, a Solanaâbased memecoin launchpad backed by the same community. On JulyâŻ7, LetsBonk overtook Pump.fun as the most active Solana launchpad by 24âhour volume, shifting the rankings across the network. Data from DefiLlama reveals that in the past 7 days, LetsBonk logged $8.66âŻmillion in protocol revenue, much higher than Pump.funâs $5.24 million. This strong take highlights rising activity on Solana, even as other blockchains develop similar offerings. While action on Solana has helped push memecoin values higher, this rise also reflects higher use across the Solana network. Gains may also reflect a wider upswing in Ethereum prices. Ethereum is priced at $3,655.30 at press time, up 23.46% in the last 5 days. Ethereum price at press time. Source: Google Finance Crypto market rose by 1.99% in Q1, 2025 Looking at the overall market, a Binance Research report found that total crypto capitalization rose by 1.99% in the first half of 2025. Though modest compared with past boom periods, this rise points to caution in investors amid persistent economic uncertainty. The report noted a clear split between the previous performance. In Q1âŻ2025, the market fell by 18.61%, weighed down by lingering bearish sentiment from a long correction that began in lateâŻ2022 and ran into 2023, tighter venture capital funding, and doubts over the pace of global economic recovery. In contrast, Q2âŻ2025 saw a swift rebound, with the market climbing 25.32%. This jump not only recovered the losses from the first quarter but also brought fresh optimism to the crypto industry as a whole. Analysts point to two main factors behind the secondâquarter bounce. First, a pause in U.S. interest rate hikes helped steady the financial outlook and encouraged capital to flow back into higherârisk assets, including cryptocurrencies. Second, progress on key blockchain infrastructure projects supported the upswing. Many Layerâ2 scaling solutions made technical gains and attracted more users, while work to tie realâworld assets to tokens and to bring AI into decentralized finance advanced, setting the stage for new investment. Still, the overall 1.99% rise during the first six months of 2025 shows the market has moved past the fearâofâmissingâout mindset of earlier bull runs. Instead, investors are now taking a careful view, digging into each projectâs plan and real cashâflow prospects. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
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