🔥The meme coin frenzy is leveling up! XMR hits a new ATH, ZEC surges 40% thanks to the ETF narrative, is rate cutting the real kicker?
Decrypt's latest episode of "Under Exposed" brings together several hot topics:
📈 The meme coin market has skyrocketed 30% year-to-date, with a total market cap surpassing $47 billion! Trading volumes on BSC and Solana have surged, but watch out—while trading volume has increased by 87%, the market cap only dipped slightly by 4%. Money is concentrating at the top, and it's not easy for new coins to survive.
👀 XMR vs ZEC: two completely different paths in the same privacy race. XMR shot up to a new ATH of $680, gaining 13% in a single day leading the market; ZEC, on the other hand, benefited from the Grayscale ETF application, SEC case closure, and Multicoin's holdings exposure, skyrocketing 40% in one day to break through $600 in early May.
🏦 Finally, let's talk about rate cuts—Powell's survey has made the market particularly sensitive to Fed policies, but analysts remind us: favorable rate cuts don’t trigger automatically. BTC is currently holding steady at $92K, but the real direction is determined by the flow of institutional capital, not just slogans.
⚠️ Privacy coins and meme coins are extremely volatile; the content of this program is for reference only and does not constitute any investment advice.
#BTC #ETH #SOL #XMR #ZEC