Memecoins are once again experiencing a peak of interest. At the same time, on-chain signals can signal a potential BTC rally. What else has happened on the digital assets market on Monday, July 7?
How is the course of the most important cryptocurrency behavior? 📈
We start the second week of July with stagnation on the market with a slight downward trend. BTC symbolically drops by 0.6% and settles at USD 108,186. The second cryptocurrency on the market, i.e. ETH, dropped by 0.8% to USD 2531. And what on the Altcoin and Memecoins market? He also records delicate drops, such as Doge (-1.7%).
Course of the most popular cryptocurrencies – percentage change 👀
News that heat the bitcoin.pl website ²
Memecoins go up – growing popularity among investors
Despite their speculative nature, memecoins do not cease to surprise – token Buildon, associated with Donald Trump, recorded an increase of over 750%, attracting the attention of global media and investors. Such projects are controversial, but at the same time attract great interest in the community – both for fun and potential profits. In Poland, memecoins and experimental DEFI projects, such as Solaxy or BTC Bull, are gaining popularity, especially among younger investors looking for a high return. In addition, the development of layers 2 (Layer 2), such as Solaxy on Solan, offers quick and cheap transactions, which makes new projects more functional and available. Platforms such as telegram are pulsating with new pre -sale, and local stock exchanges are increasingly interested in supporting innovative projects. Although many of these tokens may turn out to be a short -term fashion, they cannot be underestimated on the revival of the Altcoin market and attracting new participants to the world of cryptocurrencies.
On-chain signals indicating a potential Bitcoin rally
On-chain indicators suggest that Bitcoin may soon enter the next growth phase. BTC accumulation by large players (so -called whales), fewer and fewer coins available on stock exchanges and an increase in the number of wallets with at least 1 BTC are typical trailers of the upcoming bull market. It all happens at a time when Bitcoin has recently reached new ATH (over USD 109,000), and a positive atmosphere around BTC ETFs and possible interest rate reductions in the USA add impetus. What’s more, the growing interest in ETFs, especially those managed by such giants as Blackrock, increases the exhibition of financial institutions to the crypto market. In Poland, the growing number of transactions and activity on forums (e.g. excavation) show that local investors also begin to respond to signals from the global market. Although the rally is possible, investors should remember about variability and carefully track not only charts, but also macroeconomic indicators.
Hacker attacks on Polish infrastructure and their impact on the perception of cryptocurrency safety
A recent cyber attack on Polish industrial infrastructure, including a water station, caused a broad discussion about cybersecurity – also in the context of the cryptocurrency market. Although the goal was not stock exchanges or portfolios, the situation has visited how easily sensitive digital infrastructure may fall victim to an attack, which raises concerns among cryptocurrency investors. The number of incidents is also growing in the world – e.g. Hack Cetus Protocol Stock Exchange on Blockchain Sui (USD 260 million losses) – and services such as US Secret Service intensify activities in the fight against digital crime. The Polish cryptocurrency community reacts with an increase in caution – more and more people are choosing hardware wallets and only use verified exchanges. These attacks can briefly weaken trust in decentralized solutions, but at the same time create an opportunity for the development of new security tools, such as advanced Smart audits of contracts and recovering access to private keys. For the market, it is also a signal that in subsequent years security will be a key distinction between projects.
