Traders Swarm to Mystery Token Set for Exchange Debut as Meme Coins Bounce
As the dust settles from the Mt Gox dip, the meme coin market is springing back into life, and now a mysterious new presale is gaining rapid traction among retail investors.
After a tumultuous sell-off saw Bitcoin price crash down below $60,000 – meme coin markets followed suit with a quickfire drop.
Yet, ever resilient, the leading meme coins are already returning to strength as the market shifts its attention towards an emerging altcoin season.
(Meme Coins)
In this article, find out what’s really going on in the crypto market, and discover how you can position yourself to capture a big slice of the gains.
It’s no secret that the last few weeks in the crypto market have been a rough time for holders. Indeed, many in the crypto community appear to be nearing a point of despair as their early-run profits ebb away.
Yet, despite the wholesale worry, market fundamentals are shaping up well for Q3, with many analysts anticipating a Federal Reserve rates cut in September.
With Goldman Sachs changing its Fed cut call to September, most sell-side bank forecasters and other Fed tipsheets now see the first cut in September, with December the next-most-likely date for a rate reduction pic.twitter.com/OQr8zVTMqQ
— Nick Timiraos (@NickTimiraos) May 24, 2024
With Goldman Sachs and Wells Fargo joining the September rates cut camp, analysts note that this would be in time for the immediate run-up to the US election – which is known to induce bullish behavior in markets.
This is matched by the cutting edge of Bitcoin’s halving tokenomics, with the onset of a supply shock anticipated on exchanges once miners’ reserves have been completely depleted.
(Miner’s Revenue)
Eagle-eyed investors will have also noticed Bitcoin’s dwindling dominance against
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