As the German government sold off all its Bitcoin holdings, BTC prices began to show a clear upward trend last weekend. The news of the launch of the US spot Ethereum ETF, which will be officially listed on July 23, further promoted the upward trend of the market. It is worth noting that former US President Trump appointed crypto-friendly JD Vance as the Republican vice presidential candidate, which had a positive impact on the development of the cryptocurrency industry.
Driven by multiple positive news, the prices of BTC and ETH continued to rise, driving up the prices of the entire cryptocurrency market. Among them, the tokens of the Meme sector performed particularly well and became the focus of market attention.
Generally speaking, the appearance of Super Golden Dog has the following characteristics:
1. Mainstream currencies BTC, ETH and SOL have experienced a breakthrough increase. The emergence of these currencies may be accompanied by a market reversal. For example, PEPE appeared after BTC broke through 30,000, WIF appeared after the main rise of SOL, and BOME appeared after BTC hit a new high.
2. These currencies all have emotional bursting points. PEPE fired the first shot in the fight between meme coins and VC coins. WIF took advantage of the strong rise of SOL. BOME activated the market fomo sentiment by using a 50/50 presale to increase the pool.
3. The growth of these currencies is usually very rapid. PEPE was listed on Binance for 19 days and reached a market value of 1.6 billion. BOME was listed on Binance for 3 days. The market fomo funds are highly concentrated.
3 memecoins expected to surge in value:
ITSELF
Trump's support for the cryptocurrency space has increased his popularity in the community, spawning many Trump-themed meme coins. MAGA is the most notable of them, with the highest market valuation. In 2024, it grew by more than 4,800%, becoming one of the best performing coins of the year. Cryptocurrency traders often use tokens such as MAGA to speculate on the outcome of the US presidential election. The MAGA (TRUMP) token has strong community support and still has great market potential despite the price correction.
BONK
Bonk is the first Solana dogecoin for the public, with 50% of the total supply airdropped to the Solana community by the public. Bonk contributors are tired of the toxic "Alameda" token economics and want to make a fun meme coin that gives everyone a fair chance. Plans to burn 84 billion tokens, and small-level buying is still very strong.
PEOPLE
The success of PEOPLE Coin is supported by its large community, where members work together to promote the development of the project. The purpose of PEOPLE Coin is to achieve community autonomy and democratization through digital currency, thereby promoting community development and innovation. The ideal of this project is to give community members more control and participation rights, allowing them to better develop and manage the community. Fundamental news shows that the launch of the Ethereum ETF will have a profound impact on PEOPLE Coin, which is expected to explode with inestimable potential. With the launch of the ETF, the liquidity and scalability of PEOPLE Coin will be greatly improved, which will attract more investors and users and promote community development and innovation.
