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Memecoin Sector Captures 11% of Market, Reaching $127B Market Cap
Memecoins captured an 11% share of the crypto market in 2024, valued at US$127.6 billion, amid broader sector growth. The influence of Memecoins is unusually strong early in the bull cycle, persisting even as Bitcoin consolidated. Mog Coin and GmeStop surged by 46% and 55%, respectively, partly driven by influencer activity. Dogecoin remains a major player, holding the seventh market cap rank, with significant gains but still below its peak price. The Memecoin-boom of 2024 has been dominating the crypto-sector and if it wasn’t for the approval of Spot Bitcoin and Ethereum exchange-traded funds (ETFs) not much notable would have...
Aussie Analyst Says Recurring Bitcoin Pattern Signals Potential Price Explosion
The crypto world has surged with optimism following Donald Trump’s election, driven by hopes for improved regulatory clarity and innovation. Aussie analyst Jason Pizzino highlighted broader macroeconomic trends, noting that major indices like the S&P 500 are hitting all-time highs. Pizzino noted that Bitcoin has entered an accumulation phase, which has both followed and preceded historic all-time highs, potentially signalling further bullish momentum in the coming weeks. He believes that Solana, which has lagged behind Bitcoin since November, may be poised to reach US $300 if it can break through its resistance level at US $260. The crypto market has...
SEC signals it would reject spot Solana ETF filings and pause new crypto ETF approvals
SEC's cautious stance raises uncertainties for Solana-focused investment products and broader digital asset ETFs. Key Takeaways The SEC plans to reject spot Solana ETF applications and pause new crypto ETF approvals. The SEC's decision impacts multiple asset managers seeking to offer Solana-based investment products. According to FOX Business reporter Eleanor Terrett, the SEC has informed at least two prospective ETF issuers that it will reject their applications for a spot Solana ETF. Sources also indicate that the SEC is unlikely to approve any new crypto ETFs “under the current administration.” 🚨SCOOP: I’ve confirmed that the @SECGov has notified at least...
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