Memecoin Meltdown
Analyst Credible Crypto warns that memecoins, cryptocurrencies inspired by internet memes, are on the verge of a sharp decline. He attributes the recent surge in memecoin prices to a lack of enthusiasm for other cryptocurrencies and a belief that fundamentals don’t matter.
Bitcoin’s Next Move
Credible Crypto believes Bitcoin could retest the $60,000 range before breaking above the resistance level. He expects a further decline before a reversal occurs.
Hedera’s Potential
The analyst predicts a significant increase in the value of Hedera (HBAR), a competitor to Ethereum. He suggests a potential increase of over 90% from current levels.
Market Overview
Bitcoin is trading at $64,496, slightly up in the past 24 hours. Hedera is trading at $0.11, down over 2% in the same period.
