The cryptocurrency market closes June with a downward stance, with Bitcoin (BTC) and Ethereum (ETH) dropping roughly 10% over the previous 30 days.
As bearish sentiments prevail, most high property consolidate, indicating uncertainty within the coming periods.
Thus, fanatics have shifted to mid- and low-cap meme cryptos, suggesting a change in market dynamics.
Market gamers enterprise into meme property to rapidly maximize returns. Listed here are some themed tokens that would dominate crypto traits in July.
SOL ETF (SOLETF)
Solana-based cryptocurrencies have flourished amid SOL exchange-traded fund speculations and rebounded SOL costs.
Solana gained consideration this week as 21Shares joined VanEck to file for SOL ETFs.
The SOLETF meme crypto seems to capitalize on this craze for strong development. The alt gained over 120% inside the final 24 hours.
SOLETF maintains an enormous bullish stance and can seemingly keep elevated as Solana summer season approaches.
Nice information once more for @SOLETFMEME https://t.co/YHXa5L7O99
— SOL ETF MEME (@SOLETFMEME) June 29, 2024
Additional, market consultants stay optimistic about Solana ETFs and their implications on the SOL ecosystem.
Mom Iggy (MOTHER)
The superstar meme token has seen vital traction inside the crypto group because it outshined Andre Tate’s DADDY.
MOTHER recorded spectacular value surges over the earlier month because it gained 260%.
Its market capitalization is $64.98 million, positioning it as among the many most sought-after new initiatives within the market.
Continued commercial by Iggy Azalea to his hundreds of thousands of followers units Solana-based MOTHER for outstanding development within the coming instances.
NEW: @IGGYAZALEA PITCHES SOLANA MEMECOIN $MOTHER TO PEOPLE AT THE @NYSE
pic.twitter.com/F0dBi39Bp3
— DEGEN NEWS (@DegenerateNews) June 12, 2024
Child Trump (BABYTRUMP)
This Solana-based altcoin is the newest Trump-themed asset to affix the crypto house.
Designed to onboard the meme world to the huge blockchain tech with a style of politics.
As america political scene heats up, Trump-linked tokens are set to flourish. The ex-president has supported the digital asset business.
The crypto group believes a win for Donald Trump is a victory for the digital property business.
Huge donations in direction of his campaigns reveal belief that “Trump will make crypto nice in America.”
BABYTRUMP will seemingly capitalize on the election buzz within the upcoming months for vital development.
Proponents imagine the themed token will develop 100x within the subsequent bull rally.
$BABYTRUMP https://t.co/SJa946yUpt
— BABYTRUMP #TRUMP IN CRYPTO (@BSC_BABYTRUMP) June 2, 2024
In conclusion, the cryptocurrency market is on the verge of consolidating after June’s bearishness.
Nonetheless, analysts predict spectacular value actions for low- and mid-cap tokens in July.
Solana-based and PolitiFi tokens will seemingly lead gainers within the upcoming months.
Nevertheless, the crypto market stays a unstable house, and warning is paramount earlier than interacting with any digital asset.
The submit Meme cash poised to dominate crypto traits in July: SOLETF, MOTHER, & BABYTRUMP appeared first on Invezz
