Crypto Market Shifts To Greed Amid FOMO Frenzy As Investors Eye New Bull Run
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The
Crypto
Fear
and
Greed
Index
has
flipped
from
“Extreme
Fear”
to
“Greed”
in
a
matter
of
days
as
investors
suddenly
eye
a
new
bull
run.
Bitcoin
touched
$65,000
briefly
today,
July
16,
after
surging
about
9%
in
the
past
week.
BTC
was
trading
up
about
half
a
percent
at
$63,180
as
of
05:56
a.m.
EST.
Ether
has
soared
10%
in
the
last
seven
days
to
trade
at
$3,395.
All
the
top-ten
largest
cryptocurrencies
apart
from
Toncoin
are
in
the
green
today,
with
the
global
crypto
market
cap
climbing
1%
to
$2.43
trillion.
Amid
the
recent
rally,
the
Crypto
Fear
and
Greed
Index
hit
65,
showing
that
the
market
is
in
a
state
of
“greed.”
The
index
is
up
from
a
low
of
25
as
recently
as
July
13.
Market
intelligence
platform
Santiment
attributes
the
recent
rally
to
the
fear
of
missing
out
(FOMO).
The
analytics
platform
called
for
cautious
trading
as
the
market
“collectively
becomes
so
bullish
without
many signs of fear.”
????
FOMO
has
made
a
return
with
Bitcoin
back
at
$63.3K.
Crypto
began
rebounding
almost
precisely
after
Trump’s
near
assassination
Saturday,
and
it
hasn’t
slowed
down
since.
Cautiousness
is
recommended
when
the
crowd
has
collectively
become
so
bullish
without
many
signs
of
fear.
pic.twitter.com/B0AuAqTO1v—
Santiment
(@santimentfeed)
July
15,
2024
Meme
Coins
Lead
Market
Rally
–
New
Bull
Run?
Meme
coins
are
outperforming
the
broader
cryptocurrency
market,
with
the
total
meme
coin
market
cap
leaping
nearly
10%
to
over
$55
billion,
according
to
CoinGecko.
PEPE
and
WIF
are
among
the
top
performers,
gaining
by
20%
and
16%,
respectively,
in
the
last
24
hours.
Dogecoin
and
Shiba
Inu
posted
gains
of
around
2%
and
3%,
respectively.
PolitiFi
meme
coins
associated
with
Republican
Presidential
Candidate
Donald
Trump
have
also
been
on
an
uptrend
since
the
failed
assassination
attempt
against
him
on
Saturday.
MAGA
(TRUMP)
has
soared
34%
in
the
past
weekly,
while
TREMP
has
gained
12%
in
24
hours.
VENCE,
a
token
inspired
by
Trump’s
pick
for
Vice
President
JD
Vance,
has
skyrocketed
148%
in
the
past
day,
according
to
GeckoTerminal.
As
meme
coins
lead
the
market
recovery,
some
of
the
hottest
presales
of
2024
are
also
poised
to
benefit.
Among
analysts
favorites
right
now
are
a
layer-2
PEPE
alternative
called
Pepe
Unchained
(PEPU), WienerAI
($WAI),
which
has
exploded
past
$7.4
million
in
funds
raised,
and
the
DOGE-derivative
P2E
project
PlayDoge
(PLAY).
Also
Read:
PlayDoge
(PLAY)
–
Newest
ICO
On
BNB
Chain
-
2D
Virtual
Doge
Pet -
Play
To
Earn
Meme
Coin
Fusion -
Staking
&
In-Game
Token
Rewards -
SolidProof
Audited
–
playdoge.io
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