This year has seen impressive gains in cryptocurrency prices, significantly outpacing classic assets such as the S&P 500, Nasdaq 100, and Dow Jones. The aforementioned indices have surged by more than 15%, whereas Bitcoin has experienced an almost 60% increase, closely approaching its historical peak.
MEW and Popcat tokens are on the rise
Both Cat in a Dogs World (MEW) and Popcat (POPCAT) have witnessed remarkable growth of over 1,000% this year, achieving a market valuation exceeding $1 billion. Experts believe these tokens possess further growth potential in the upcoming months, buoyed by substantial liquidity, fear of missing out (FOMO), and robust trading volumes in both spot and futures markets.
With positive technical indicators, both MEW and Popcat have surpassed their short-term and medium-term moving averages. Additionally, there are hints that Bitcoin might be poised for a bullish breakout, potentially skyrocketing to unprecedented heights.
Currently, it has remained below the critical resistance point at $70,000 this week, suggesting it merely requires one key trigger for this breakout. Numerous analysts assert that such a rally is plausible; for instance, Bernstein’s analysts predict a rise beyond $200,000 by 2025. Furthermore, investor billionaire John Paulson has also shown optimism towards Bitcoin.
A significant breakout in Bitcoin would bode well for meme coins like Cat in a Dogs World and Popcat. Historically, as observed earlier this year, meme coins tend to outperform Bitcoin during its bullish breakouts.
Vantard could be the next big opportunity
Crypto analysts and investors are increasingly putting their bets on Vantard, a promising meme coin inspired by Vanguard’s success, the second-largest asset manager globally, boasting over $7 trillion in assets under management.
Vantard commenced its pre-sale event this week, raising $163,000 from global investors during its initial stage. The introductory price stood at $0.00010 and will rise through ten stages, with the upcoming price set at $0.00011, reflecting a 10% increase.
According to its white paper, 75% of the dedicated treasury funds will be directed towards fundraising. Five billion tokens were allocated to the pre-seed phase, while the current seed funding will have a cap of 40 billion tokens, representing 55.56% of the total. The remaining 40 billion tokens are designated for series A and series B funding rounds.
Vantard’s innovative approach lies in its first-ever Meme Index Fund (MIF), designed to provide investors exposure to top-performing meme coins through a single asset.
This fund will operate in a fully decentralized manner, with profits distributed to holders via the $VTARD token. The fund draws inspiration from popular Vanguard exchange-traded funds (ETFs), such as those tracking the S&P 500 index, which has accumulated over $60 billion in assets this year.
Moreover, Vantard’s MIF will include a surge pricing model: a 0% fee during low activity periods and a maximum of 50% during peak demand times. The intent behind this pricing strategy is to mitigate mass redemptions.
Another significant advantage is that it grants investors the means to access the top meme coins currently available. Rather than purchasing countless tokens in hopes of striking it rich, an investor in the fund will have access to the cream of the crop. For further details, you can explore Vantard here.
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