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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

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    Matt Furie NFTs Crater 97% After Mint Exploit

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    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

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    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

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    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

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    Civitas Migrates to Immutable zkEVM to Power Low-Cost, Scalable Web3 Gaming & Web3 Network Growth

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    Doodles NFT Sticker Launch on Telegram Sells Out in 24 Hours

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    Crypto Casinos Made Over $80 Billion in 2024

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

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    Matt Furie NFTs Crater 97% After Mint Exploit

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    Rekt Is Reaching the Masses

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    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

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    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

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    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

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    Animoca Brands partners with Cross the Ages to support the launch of blockchain game

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    How Mobile Apps Are Quietly Adopting Web3 Tech

  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

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    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    ETH Daddy Discusses Ethereum and AI

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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Home Ethereum

ETH’s dominance, memecoin trading strategies, BTC’s July forecast: June 2024 exclusive report

July 1, 2024
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ETH’s dominance, memecoin trading strategies, BTC’s July forecast: June 2024 exclusive report
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Bitcoin slid below the $60,000-mark on 24 June, for the first time since 3 May. The market seemed to have entered the fear zone, without any capitulation in sight.

Around the $61,156-level, 84.38% of BTC investors are making profits as opposed to 14.31% who are in loss. In fact, some maximalists have opined that the bottom is in and the king coin is about to go on an upward streak.

Source: IntoTheBlock

However, as per AMBCrypto’s exclusive report for the month of June, Bitcoin’s upward journey might not be possible in the short term. BTC will find it difficult to breach the psychological mark of $70,000 throughout July. The report used various metrics and statistics-based observations to analyze the king coin’s future trajectory.

Memecoins take the lead

Interestingly, memecoin traders have enjoyed a more lucrative June, compared to Bitcoin holders, with profits seen in most trading sessions. To understand their winning strategies, AMBCrypto conducted an exclusive global survey where 7,259 memecoin investors participated. As expected, the survey findings were quite insightful.

Over half (53%) of the traders take a scattered approach, buying small amounts of many coins hoping for a big win. The rest (43.5%) are more cautious, researching coins before investing.

AMBCrypto also found that Dogecoin was the most favored memecoin in June. Metrics favored this narrative – Large Holders Netflow on 25 June stood at -293.66%, which simply meant that in the past 30 days, outflows exceeded inflows. This can be taken as a bullish signal and a sign of anticipated recovery.

Source: IntoTheBlock

AMBCrypto’s report also looked beyond memecoins to analyze other areas of crypto like DeFi, gaming tokens, and AI tokens. However, its most surprising finding was in the NFT sector.

See also  Core Scientific's AI deal fuels $8.7 billion revenue forecast, shares rise

The report revealed that Solana has become the new leader in minting NFTs, surpassing Ethereum. This suggests that users and developers are increasingly choosing Solana for creating NFTs.

Dive into AMBCrypto’s June Market Analysis

Explore memecoin investing strategies, analyze market trends, and review the performance of top cryptocurrencies in June. This comprehensive report covers critical topics including:

  • Strategies to optimize returns for memecoin investors.
  • Key factors to evaluate before investing in memecoins.
  • Predictions on whether Bitcoin will surpass $73,000 in July.
  • BTC’s potential decoupling from traditional finance (TradFi).
  • Ethereum’s weakening correlation with Bitcoin.
  • What makes Cardano short-term investors very bullish?
  • Are AI tokens good for portfolio diversification?
  • Should you sell all of your NFTs?

You can download the full report here.

Next: Shiba Inu: Can SHIB overcome a 38% drop? Metrics say…

READ ALSO

Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

Bitcoin slid below the $60,000-mark on 24 June, for the first time since 3 May. The market seemed to have entered the fear zone, without any capitulation in sight.

Around the $61,156-level, 84.38% of BTC investors are making profits as opposed to 14.31% who are in loss. In fact, some maximalists have opined that the bottom is in and the king coin is about to go on an upward streak.

Source: IntoTheBlock

However, as per AMBCrypto’s exclusive report for the month of June, Bitcoin’s upward journey might not be possible in the short term. BTC will find it difficult to breach the psychological mark of $70,000 throughout July. The report used various metrics and statistics-based observations to analyze the king coin’s future trajectory.

See also  Ethereum eyes $3,000: How THESE factors could decide ETH's fate

Memecoins take the lead

Interestingly, memecoin traders have enjoyed a more lucrative June, compared to Bitcoin holders, with profits seen in most trading sessions. To understand their winning strategies, AMBCrypto conducted an exclusive global survey where 7,259 memecoin investors participated. As expected, the survey findings were quite insightful.

Over half (53%) of the traders take a scattered approach, buying small amounts of many coins hoping for a big win. The rest (43.5%) are more cautious, researching coins before investing.

AMBCrypto also found that Dogecoin was the most favored memecoin in June. Metrics favored this narrative – Large Holders Netflow on 25 June stood at -293.66%, which simply meant that in the past 30 days, outflows exceeded inflows. This can be taken as a bullish signal and a sign of anticipated recovery.

Source: IntoTheBlock

AMBCrypto’s report also looked beyond memecoins to analyze other areas of crypto like DeFi, gaming tokens, and AI tokens. However, its most surprising finding was in the NFT sector.

The report revealed that Solana has become the new leader in minting NFTs, surpassing Ethereum. This suggests that users and developers are increasingly choosing Solana for creating NFTs.

Dive into AMBCrypto’s June Market Analysis

Explore memecoin investing strategies, analyze market trends, and review the performance of top cryptocurrencies in June. This comprehensive report covers critical topics including:

  • Strategies to optimize returns for memecoin investors.
  • Key factors to evaluate before investing in memecoins.
  • Predictions on whether Bitcoin will surpass $73,000 in July.
  • BTC’s potential decoupling from traditional finance (TradFi).
  • Ethereum’s weakening correlation with Bitcoin.
  • What makes Cardano short-term investors very bullish?
  • Are AI tokens good for portfolio diversification?
  • Should you sell all of your NFTs?
See also  Bitcoin’s electricity consumption has fallen by 24% since the end of July

You can download the full report here.

Next: Shiba Inu: Can SHIB overcome a 38% drop? Metrics say…
Tags: BTCsDominanceETHsExclusiveForecastJulyJuneMemecoinReportStrategiesTrading

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