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Cryptocurrencies Price Prediction: Ethereum, CAT & PEPE – American Wrap 27 May

Cryptocurrencies Price Prediction: Ethereum, CAT & PEPE – American Wrap 27 May
FXStreet TeamFXStreet TeamFXStreet

Ethereum spot ETFs are good for Bitcoin, says Michael Saylor, as ETH bulls show confidence

Ethereum (ETH) gained nearly 3% on Monday as investors exhibited high bullish sentiment. Michael Saylor also commented on the recent spot ETH ETF approval by the Securities & Exchange Commission (SEC).
ETH/USDT 4-hour chart
Solana-based “sol” (CAT) meme coin crashed heavily on Monday following a recent analysis by crypto detective ZachXBT connecting its team to the X account hack of crypto analyst GCRClassic.
 

PEPE, a frog-themed meme coin, hit a new all-time high early on Monday, rallying to a peak of $0.00001725. The asset rallied 81% in the past seven days on Binance. 

Meme coins have consistently extended gains in the ongoing cycle, alongside a rally in Bitcoin, Ethereum and other cryptocurrencies in the top 20 assets by market capitalization. Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) and Solana-based meme coins have rallied on several occasions since the approval of Spot Bitcoin Exchange Traded Funds (ETFs) early in 2024. 

PEPE

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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