{"id":310951,"date":"2024-05-27T22:49:13","date_gmt":"2024-05-27T17:19:13","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=310951"},"modified":"2024-05-27T22:49:13","modified_gmt":"2024-05-27T17:19:13","slug":"pepe-flips-matic-as-ethereum-memecoins-soar-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pepe-flips-matic-as-ethereum-memecoins-soar-crypto-news\/","title":{"rendered":"PEPE Flips MATIC As Ethereum Memecoins Soar &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>Ether is approaching $4,000 following last week\u2019s spot ETF approvals.<\/p>\n<div>\n<p>Crypto markets rallied on Monday, continuing their bullish momentum following last week\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/news\/tradfi-and-fintech\/u-s-securities-regulator-approves-spot-ether-etfs-in-landmark-decision\">approval<\/a> of spot Ether (ETH) exchange-traded funds (ETF) by the SEC.<\/p>\n<p>Ethereum (ETH) jumped 3.5%, bringing its weekly gain to 27%. Meanwhile, Bitcoin, the world\u2019s largest cryptocurrency, is trading above $70,000 again, while Solana appreciated by 2%, data from CoinGecko <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/\">shows<\/a>.<\/p>\n<p>Ethereum-based memecoin PEPE has soared 80% in the past week to a market capitalization of nearly $7.2 billion, putting it ahead of Polygon (MATIC) and just 20% away from overtaking Uniswap (UNI).<\/p>\n<figure><figcaption class=\"text-center text-xs\">PEPE Overtakes Polygon<\/figcaption><\/figure>\n<p>The PEPE rally has boosted the memecoin sector on Ethereum. TURBO has surged 450% in the past week, while MOG and WOJAK are up more than 150%.<\/p>\n<p>On Solana, BONK leads the pack with a 52% weekly gain, while WIF is up 22% in that span.<\/p>\n<p>\u201cBitcoin needs to break through $70K on the LTF basis. Once that happens, I think we&#8217;ll see a new ATH,&#8221; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoMichNL\/status\/1794776007905325202\">said <\/a>Michael Van de Poppe, CEO of MN Trading. Data from Farside <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/farside.co.uk\/?p=997\">shows<\/a> that over a billion dollars flowed into Bitcoin ETFs last week.<\/p>\n<p>Data from CoinGlass <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/pro\/futures\/LiquidationHeatMap\">indicates<\/a> that key areas of liquidity have formed around the $68,100 and $68,900 price points. These refer to specific price levels where there is a high concentration of buy and sell orders, indicating significant support or resistance points that influence price movements as traders focus on these levels.<\/p>\n<p>As election season heats up, former U.S. President Donald Trump <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/112503319133425856\">said<\/a> that the United States should strive to be a leading force in the cryptocurrency industry.<\/p>\n<p>\u201cOur country must be the leader in the field; there is no second place,\u201d Trump said in a May 25 post on Truth Social. \u201cI am very positive and open-minded to cryptocurrency companies and all things related to this new and burgeoning industry.\u201d<\/p>\n<p>The U.S. stock market remained closed on Monday in observance of Memorial Day.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ether is approaching $4,000 following last week\u2019s spot ETF approvals. Crypto markets rallied on Monday, continuing their bullish momentum following last week\u2019s approval of spot Ether (ETH) exchange-traded funds (ETF) by the SEC. Ethereum (ETH) jumped 3.5%, bringing its weekly gain to 27%. Meanwhile, Bitcoin, the world\u2019s largest cryptocurrency, is trading above $70,000 again, while [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":310952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-310951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/310951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=310951"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/310951\/revisions"}],"predecessor-version":[{"id":310953,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/310951\/revisions\/310953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/310952"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=310951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=310951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=310951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}