2024

Bitcoin

AI Crypto

<p>Bitcoin’s resurgence is undeniable, now flirting with 68,000 dollars. This feat marks a new era of investment in cryptocurrencies. While some analysts predict the rise of AI crypto and memecoins, others emphasize the importance of core assets like bitcoin and Layer 1s. Let’s explore the recent evolution of transaction volumes and their impact on the crypto market.</p>
<h2 id="h-bitcoin-and-layer-1-assets-the-drivers-of-the-rise">Bitcoin and Layer 1 assets: The drivers of the rise</h2>
<p>The beginning of July offered <strong>a golden opportunity</strong> for bitcoin investors. After <a href="https://www.cointribune.com/en/bitcoin-plunges-below-58000-why/" target="_blank" rel="noopener noreferrer nofollow">a temporary drop</a> to around 53,800 dollars, <strong>transaction volume saw a notable increase</strong>, reflecting renewed interest from investors.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> All of the major volume spikes from the past month, illustrated by different sectors.<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> Increased volume in Bitcoin and Layer 1 assets lead to future crypto rises<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;"> Increased volume in AI &amp; Big Data coins are neutral<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Increased volume in meme coins lead to tops <a href="https://t.co/lpTFWQUacN" rel="noopener noreferrer nofollow">pic.twitter.com/lpTFWQUacN</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1814400072731504892?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 19, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
</figure>
<p>As noted by <a href="https://x.com/santimentfeed/status/1814400072731504892" target="_blank" rel="noopener noreferrer nofollow">Santiment on X</a>, this increase in volume in core assets could well be <strong>the harbinger of a future rise in cryptos</strong>.</p>
<p>Indeed, we observed:</p>
<ul>
 <li>A 0.5% increase in market capitalization;</li>
 <li>Transaction volume exceeding 30 billion dollars.</li>
</ul>
<p>This trend shows that <strong>bitcoin and core assets remain safe bets</strong> for investors looking to diversify their portfolio in a sometimes unpredictable market.</p> 
<div class="tradingview-widget-container tradingview--mini-chart">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview--mini-chart--dark">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
 </div>
 <div class="tradingview--mini-chart--light">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
 </div>
 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
 </div>
</div> 
<p>According to a renowned analyst, “<em>bitcoin remains the compass of the crypto market, often indicating the direction for other cryptocurrencies to follow</em>“.</p>
<h2 id="h-ai-crypto-and-memecoins-between-promises-and-speculation">AI Crypto and Memecoins: Between promises and speculation</h2>
<p>Alongside the rise of bitcoin, AI cryptos and memecoins have also attracted attention. Coins related to artificial intelligence and big data have seen <strong>their capitalization increase from 28 to 30.5 billion dollars in a month</strong>.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://accounts.binance.com/en/register?ref=35547494" target="_blank" rel="noopener noreferrer nofollow">Buy cryptos with Binance</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>This sector, while promising, remains in a consolidation phase with <strong>significant transaction volumes</strong> but without exponential growth. Among the most traded are INJ, TAO, and NEAR.</p>
<p>Memecoins, on the other hand, are riding <a href="https://www.cointribune.com/en/crypto-game-over-for-memecoins/" target="_blank" rel="noopener noreferrer nofollow">the wave of speculation</a>. After the market’s post-dip recovery from Bitcoin, <strong>transaction volumes for coins like SHIB, PEPE, WIF, and DOGE have exploded</strong>.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>However, this increase is often due to speculative market movements rather than actual utility, which could indicate a future correction.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>
<p>The memecoin phenomenon serves as a reminder that in the world of cryptos, caution is advised to avoid falling into pump and dump traps.</p>

AI Cryptos and Memecoins are Exploding, But for How Long?

قائمة المحتويات

Cointribune EN

المزيد من المقالات نُشرت في ٢٢ يوليو ٢٠٢٤

Trump's RNC speech gave tech enthusiasts hope for the future

THETA — Volume Needed To Tackle Upcoming Resistances (And Propel Us To A 30% Trade Potential)!

Cardano breaks $0.4 resistance: Is a bullish breakout likely?

Russian Authorities Seize 500 Crypto Mining Rigs in Irkutsk Region

Bitgert Ecosystem: Exploring Its Unique Features and Benefits

Dogecoin Sees Significant Market Value Increase

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.