- Main cryptocurrencies and memecoins drove the present bull run, with Bitcoin nearing $62K.
- Specialists predicted that the crypto market might attain as much as $100 trillion.
The previous week has been a rollercoaster for the crypto market, beginning with the first presidential debate, which impacted the market positively, regardless of neither candidate discussing crypto instantly.
Then there was the SEC, which confronted setbacks in numerous authorized battles, together with instances in opposition to Consensys, Binance [BNB], and Ripple [XRP].
Moreover, there’s this ongoing buzz across the potential approval of an Ethereum ETF and the current filings by two asset managers for a Solana ETF.
YouTuber Scott Melker greatest put it when he stated,
“This has been a type of weeks the place a decade occurs in every week.”
Good day for the crypto market!
As of the first of July, the crypto market turned all inexperienced, with day by day will increase of over 2% throughout many cash. Bitcoin [BTC], the main cryptocurrency, rose by 2% prior to now 24 hours, nearing the $62K stage mark.
Commenting on this surge, Dan Tapiero, Founding father of 1Roundtable Companions, shared his insights in a current episode of “The Wolf of All Streets” podcast, saying,
“I believe there are many Bitcoin holders who personal Bitcoin, and they are going to be benefitting. And, I undoubtedly see us transferring up north to form of $150,000 on this run in all probability within the subsequent 18 months.”
Initially, Tapiero predicted the crypto market might obtain a complete market cap of $10 trillion. Nevertheless, because of current developments and speedy sector progress, he has considerably revised his estimate.
Now, he believes the market might probably attain $30 trillion, $70 trillion, and even $100 trillion sooner or later.
He additionally talked about that inside 18 to 24 months, the market might realistically attain the $10 trillion mark.
This was additional confirmed by CoinGecko’s current X (previously Twitter) put up, which famous,
“Complete #crypto market cap is up 4% to $2.46T at the moment as #Bitcoin reclaims $63K. Are you shopping for, promoting, or HODL-ing?”
Offering the explanations behind the upcoming bull run, an X account — Thriller of Crypto — defined,
Supply: Thriller of Crypto/X
Memecoins can’t be ignored
Nevertheless, it’s vital to notice that moreover main cryptocurrencies, memecoins are additionally enjoying a big position in pushing the crypto market.
This was additional confirmed by CoinMarketCap’s current trending cash, which included three memecoins. One of the vital distinguished being Dogecoin [DOGE], which noticed a 2.22% enhance prior to now 24 hours.
Supply: CoinMarketCap
Sharing an identical line of thought, @cryptosanthoshK famous,
“I simply really feel like we’re gonna see each memecoin and altcoin season collectively.”