Crypto Market Update: ETH ETF Hype, Meme Coin Rally, and Worldcoin Extension
The crypto market is buzzing with activity this Tuesday! 👀
Ethereum on the Rise
Ethereum (ETH) is seeing a boost following predictions from Bitwise CIO Matt Hougan that the launch of ETH ETFs could push the price to a new all-time high above $5,000. This sentiment is echoed by Citi Bank and trader Peter Brandt. It’s certainly an exciting time for ETH investors!
Worldcoin’s Extended Lock-up
Worldcoin (WLD) is up over 36% after the Worldcoin Foundation announced a change in their token lock-up schedule. The lock-up period will be extended from three to five years. This decision follows concerns from investors regarding the large influx of WLD tokens entering circulation.
Meme Coins Riding the Hype
Meme coins are also enjoying a rally, particularly PEPE, a popular frog-themed meme coin built on Ethereum. The anticipation of a Spot Ethereum ETF approval is driving a recovery for meme coins following a decline in the first week of July.
As always, it is essential to conduct thorough research before making any investment decisions. Crypto markets are volatile and investing carries significant risk.
