Cryptocurrencies Price Prediction: Ethereum, Meme Coins & Altcoins — Asian Wrap 04 July
|Ethereum poised to follow Nvidia's steps as Bitwise files updated S-1 draft
Ethereum (ETH) is down 3% on Wednesday following Bitwise filing an updated S-1 draft and a wider market downturn with potential Mt. Gox BTC supply flooding the market. Despite the general market lull, investors may gain consolation from Bitwise prediction that Ethereum ETFs could outperform analysts' expectations if positioned as a high-growth tech play similar to Nvidia.
PolitiFi meme coins surge as Biden support lowers
Several political meme coins related to Vice President Kamala Harris rallied on Wednesday as prediction market odds favor her as the preferred Democrat nominee in the upcoming US presidential race.
What to expect from altcoins as ETH ETF approval draws closer
As the crypto market continues consolidating on Wednesday, altcoins show mixed signals ahead of the spot ETH ETF launch. Many have predicted that the alt season may not occur in this cycle following the market lull. However, two key metrics suggest otherwise.
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