The leading cryptocurrency returned to the $63,000 threshold after weeks of declines. It increased by roughly $10,000. However, investors are still cautious. Optimism needs to grow to support investor appetite until the end-of-month meeting. Meanwhile, some have made significant gains by diverging positively.
Trending Altcoin
The cryptocurrency MOG Coin broke its all-time price record and entered the top 100 cryptocurrencies (in terms of market cap). It increased by 35% in the last 24 hours, reaching an ATH level of $0.00000220. MOG’s second record peak in three weeks was driven by the attack on Donald Trump.
The altcoin, which saw ATH levels twice in three weeks, gained even more interest in futures trading. OI (open positions) increased by 45% in just one day. The size of positions reaching the $16 million mark is quite good for a meme coin.
Among the Top 100 Altcoins
The assassination attempt on Trump benefited MOG Coin the most among PolitFi tokens like MAGA Coin. MOG Coin leveraged this momentum to reach a market cap of $779 million. The altcoin, ranked 86th, surpassed many popular altcoins like GALA, SAND, and ORDI.
The crypto market is passing significant milestones in its quest for a sincere status in the global economy. Meanwhile, as the economic outlook improves, hopes for a rate cut announcement on July 31 are rising. Additionally, the increasing likelihood of crypto-friendly Trump winning the upcoming elections boosts hopes for the last two quarters.
Another notable detail is the strengthened position of meme coins among the top 100 cryptocurrencies. Besides MOG Coin’s inclusion in the list, continued investor interest keeps many meme coins like DOGE and SHIB in the upper group. This may reflect the strength of risk appetite.
At the time of writing, the BTC price is at $62,790, and altcoins continue the day with gains exceeding 5%.
