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5 Altcoins and Meme Coins to Explode This Week as Market Anticipates a Bull Run

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Release: 2024-07-19 04:48:09
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The altcoin sector is gaining attention, and various parts of the crypto world are seeing a resurgence in demand. Similarly, Metaverse tokens are picking up speed, hinting at an upcoming bull run and signaling the potential start of an altseason.

5 Altcoins and Meme Coins to Explode This Week as Market Anticipates a Bull Run

The cryptocurrency market is expected to experience a bull run in the upcoming month, with attention shifting towards altcoins and meme coins. As the market anticipates an upswing, investors are presented with an opportune moment to consider promising tokens like the 99Bitcoins token.

With its transition from the ERC-20 to the BRC20 token standard, 99Bitcoins is empowering developers to establish a new token standard. This article delves into the details of its presale.

1. Pepe (PEPE)

Currently priced at $0.00001170 with a 24-hour trading volume of $2.1 billion, Pepe Coin boasts a market cap of $5.04 billion, asserting a market dominance of 0.21%. Over the last 24 hours, PEPE's price has surged by an impressive 28.66%.

This surge may be linked to the U.S. SEC’s “preliminary approval” of spot ETH ETFs. Highly reactive to such news, Pepe, a meme coin on the Ethereum blockchain, previously experienced a 56% price increase when spot Ethereum ETF 19-4b applications were approved. With ETF trading set to begin on July 23, PEPE's upward trend might continue.

Pepe Coin attained its all-time high on May 27, 2024, at $0.00001717, and all-time low on April 14, 2023, at $0.000000001057. Since its all-time high, the lowest price recorded was $0.00007734, and the highest price since then was $0.00001253. The Fear & Greed Index currently stands at 65, indicating Greed, which bodes well for Pepe Coin's present outlook.

With a circulating supply of 420.69 trillion PEPE, which also serves as its maximum supply, Pepe Coin boasts a vast community and a strong presence within the cryptocurrency market. Notably, the recent increase in PEPE's price may also be attributed to the growing acceptance and positive sentiment towards cryptocurrencies, influenced by figures like Larry Fink, CEO of BlackRock.

In a recent CNBC interview, Fink expressed his strong belief in Bitcoin’s role in investment portfolios, calling it “digital gold” with the potential to provide uncorrelated returns and protect investors from currency debasement.

Technical indicators on PEPE's 4-hour chart suggest that the meme coin could continue to rise in the next 24 hours. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) both display positive signs.

RSI readings have significantly increased during the past trading day. Now above 80, this indicator suggests PEPE has strong bullish momentum.

2. Worldcoin (WLD)

Recently, cryptocurrency Worldcoin has garnered attention due to a substantial increase in its price. Early May saw Worldcoin’s token, WLD, experience a remarkable 22% surge in value, ranking it among the best-performing altcoins.

This increase aligns with a surge in artificial intelligence (AI) advancements, particularly those related to OpenAI, suggesting a possible link between WLD's market trends and developments in AI technology.

Speculation about potential partnerships and new projects incorporating more AI tools into cryptocurrency has increased excitement. Currently, Worldcoin is priced at $2.22, with a 24-hour trading volume of $348,276,421, reflecting a 214.24% increase. In the last 24 hours, Worldcoin has risen by 17.06%.

It ranks 104th on CoinMarketCap, with a market cap of $612,298,321 and a circulating supply of 275,589,991 WLD coins.

Investing in Worldcoin offers the chance to participate in a cutting-edge cryptocurrency project that uses biometric verification and zero-knowledge proofs to enhance security and privacy. Its innovative approach aims to prevent AI impersonation and support the distribution of Universal Basic Income (UBI), which could help reduce economic inequality.

Just in: The Worldcoin community has grown to 6 million verified humans & the Worldcoin Foundation has announced an additional year to redeem reservations.https://t.co/TrKDTXHqqU

— Worldcoin (@worldcoin) July 10, 2024

The upcoming World Chain Layer 2 platform, supported by Ethereum’s security, promises efficient user onboarding and robust blockchain operations. These developments position Worldcoin as a forward-thinking investment in the rapidly evolving crypto market.

For July

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source:kdj.com
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