The post PEPE, MAGA, FLOKI Can Benefit from ETH ETF Launch, Here’s How appeared on BitcoinEthereumNews.com.

Ethereum ETFs officially launched on July 22, sparking bullish tailwinds across the crypto market, and the US elections are getting closer. The memecoin sector is utilizing the ETH chain, could receive a significant boost in the approaching months. The overall meme coins market capitalization which is around $51.741 Billion grew by 4% in the last 24 hours. Speculations that bullish catalysts like ETH spot ETFs inflows and Donald Trump’s Republican candidature for presidential elections could spark a major rally across the memecoin sector.  If the crypto whales’ preference in memecoins persists in the coming months, tokens including Pepe (PEPE), Maga (TRUMP), and Floki (FLOKI) are well-poised to gain ground ahead. Here are the current angles of these 3 meme coins to keep an eye on: PEPE: Bulls Could Target a New All-Time-High Pepe (PEPE) has benefitted the most from Ethereum ETF’s bullish headwinds, as per the price action. Currently, PEPE consolidating within a tight-packed range, suggesting a potential breakout that could further propel its price. This range often precedes with significant price spikes, making it a crucial juncture to look at. PEPE tested the crucial 50-day exponential moving average band and has been above the 200-day EMA for a prolonged span of time, which signals a strong uptrend. The RSI  was 56.15 at press time, exhibiting a neutral to slightly bullish sentiment. Meanwhile, the MACD indicated bullish signs from the past two weeks formed a golden cross with the MACD line crossing above the signal line. This shows a shift in the favor of the bulls. PEPE might surge soon due to the positive crypto landscape’s atmosphere. This bullish sentiment has been fed by various political changes and developments such as Donald J. Trump’s declarations on America to form a global hub for cryptocurrency.  He further aimed to clear hurdles…

---

Filed under: News - @ July 30, 2024 10:12 pm