Cryptocurrencies Price Prediction: Ethereum, Solana & Meme Coins — Asian Wrap July 09
|Issuers file amended Ethereum ETF S-1s as ETH shows recovery signs
Ethereum (ETH) is down 0.3% on Monday as prospective spot ETH ETF issuers returned their amended S-1 registration statements to the Securities & Exchange Commission (SEC). Meanwhile, ETH long-term holders are gradually returning to the market after years on the sidelines.
Here's what's happened in Solana today
Solana (SOL) kicked off the new week with a lot of action on Monday after Cboe filed VanEck and 21Shares' Solana ETF application. Meanwhile, SOL surpassed Ethereum and Arbitrum in 24-hour decentralized exchange (DEX) volume due to increased trading on the Raydium protocol.
BONK and PEPE outshine top meme coins after impressive rally
BONK rallied nearly 8% on Monday as the meme coin began its recovery from heavy losses experienced following the Mt.Gox repayment going live and German government BTC offloading. PEPE also joined in the recovery, posting a 6% gain as bulls look to be buying the dip.
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