5 Altcoins and Meme Coins to Watch as the Market Anticipates a Bull Run

The altcoin sector is gaining attention, and various parts of the crypto world are seeing a resurgence in demand. Similarly, Metaverse tokens are picking up speed, hinting at an upcoming bull run and signaling the potential start of an altseason.

Keep an eye on altcoins and meme coins in the upcoming month as the crypto market anticipates a bull run. This uptrend is expected to propel several cryptocurrencies to new highs. With upcoming tokens like the 99Bitcoins token transitioning from the ERC-20 to the BRC20 token standard, developers can now create a new token standard. This post will cover the details of its presale.

Many tokens in the Ethereum ecosystem surged yesterday after confirmation that ETH ETFs will begin trading. Joining ARB, ENS, ETC in this rally today is Ethena. The ENA price was steady yesterday but jumped 10% this morning, now trading around $0.47.

Recently, ENA traded under bearish conditions and experienced a 12.73% correction over the past 30 days. However, the ENA price has regained momentum, increasing by 11.01% in the past day with a trading volume of $148.13 million, a 78.84% increase. Currently, ENA is trading at $0.4941, with a circulating supply of 1,710,937,500 ENA and 15 billion ENA tokens. This gives Ethena a market capitalization of $844.84 million, placing it at 81st.

The Simple Moving Average (SMA) is close to showing a bullish convergence in the 1D time frame, indicating increased buying pressure over selling pressure. Additionally, the RSI indicator has gained momentum, rising sharply towards its midpoint, suggesting a strong bullish outlook for the ENA price.

Introducing the Ethena reward-bearing asset proposals, with entities pitching for an allocation from Ethena's liquid cash backing

One of the early applications is from Securitize, the distributors of @BlackRock's BUIDL, for an allocation from Ethena's Reserve Fund

Details below pic.twitter.com/YZIhWqBEQE

— Ethena Labs (@ethena_labs) July 23, 2024

If the market continues to gain momentum, Ethena’s price could reach its resistance level of $0.60. If the bulls maintain control, the ENA price might test its upper resistance level of $0.825.

StormX crypto was stabilizing after a significant crash. Bitcoin’s decline below $60,000 caused panic among investors, raising fears of a market crash. This panic affected the broader market, causing many altcoins to drop below their annual lows.

StormX crypto experienced a nearly 38% crash over the past month, attempting to stabilize near its August 2023 lows. At the time of reporting, the crypto was trading at approximately $0.006943, showing over 9% intraday growth. With a market capitalization of $69.86 million, it ranks 470th in the cryptocurrency market.

StormX is a leading global crypto-based platform, expanding its presence in international markets. It operates as a mobile app and browser plugin, allowing users to earn cryptocurrency as cashback on online shopping. StormX partners with companies like Samsung, Nike, and Lego, enabling users to stake the native STMX token to increase their rewards.

Recently, the price of the DAA (daily active addresses) divergence indicator has improved significantly. According to data from the on-chain analytics website app.santiment.net, the bearish divergence between StormX’s price and daily active addresses has decreased. This reduction in bearish divergence suggests improved sentiment, which could lead to a recovery in the crypto market. The positive change in the price DAA divergence indicator indicates increased user activity in StormX.

99Bitcoins ($99BTC) is nearing the end of its presale, set to conclude by August 6. Since starting in April, it has raised $2.5 million through its native token, $99BTC. This token is central to its innovative learn-to-earn model, which offers users exclusive training courses, trading signals, VIP groups, mentoring, and more.

Currently priced at $0.00115, the token will see a final increase to $0.00116 in this last stage of its ICO. However, this price is not expected to remain the same. With its well-known name in crypto education and plans to launch on decentralized exchanges (DEXs) this quarter, 99Bitcoins anticipates increased liquidity that could significantly boost its value.

99Bitcoins’ framework makes a strong case for investing in $99BTC, especially as it plans to transition from an ERC-20 to a BRC-20 token. This move leverages Bitcoin’s Layer 1 infrastructure, enhancing security and resilience against censorship.