Dogecoin

Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Major cryptocurrencies and memecoins are driving the current crypto bull run, with Bitcoin nearing $62K.</li> 
 <li>Experts predict that the crypto market could reach up to $100 trillion.</li> 
</ul>  
<p>The current bull run in the crypto market is being driven by major cryptocurrencies and memecoins, with <a href="https://coineagle.com/price/bitcoin/">Bitcoin</a> nearing the $62K mark.</p> 
<p>Predictions from experts suggest that the crypto market has the potential to reach a staggering $100 trillion.</p> 
<h2 id="market-dynamics">Market Dynamics</h2> 
<p>The past week has been eventful for the crypto market. The first presidential debate indirectly had a positive impact on the market, despite the absence of direct discussions on crypto.</p> 
<p>The SEC faced several setbacks in legal battles, including cases against Consensys, <a href="https://coineagle.com/exchange/binance/">Binance</a>, and Ripple.</p> 
<p>There is also increasing buzz around the potential approval of an Ethereum ETF and recent filings by two asset managers for a Solana ETF.</p> 
<h2 id="market-predictions">Market Predictions</h2> 
<p>On the 1st of July, the crypto market turned green, with daily increases of over 2% across many coins. Bitcoin, the leading cryptocurrency, rose by 2% in the past 24 hours, nearing the $62K level.</p> 
<p>Dan Tapiero, Founder of 1Roundtable Partners, shared his insights on the surge. Initially, he predicted a total market cap of $10 trillion for the crypto market. However, due to recent developments and rapid sector growth, he has significantly revised his estimate.</p> 
<p>Tapiero now believes that the crypto market could potentially reach $30 trillion, $70 trillion, or even $100 trillion in the future. He also mentioned that within 18 to 24 months, the market could realistically reach the $10 trillion mark.</p> 
<h2 id="role-of-memecoins">Role of Memecoins</h2> 
<p>Besides major cryptocurrencies, memecoins are also playing a significant role in pushing the crypto market. This trend is confirmed by CoinMarketCap’s recent trending coins, which included three memecoins. Among them, Dogecoin saw a 2.22% increase in the past 24 hours.</p> 
<p>This sentiment is shared by @cryptosanthoshK, who noted that both memecoin and altcoin season could occur simultaneously.</p>

Crypto Market on the Brink of Explosion: Is $10 Trillion Cap Potential Imminent?

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CoinEagle.com

Інші статті, опубліковані 1 лип. 2024 р.

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