Cryptocurrency
SPX6900 Pumps Another 17%, $3 is Next Target as New Index Meme Coin ICO Raises $2M
The next stage of the crypto bull run is continuing to leave market participants on edge, as Bitcoin and Ethereum bulls fight to push their favorite leading cryptocurrencies back toward their recent highs.
Bitcoin saw a total gain of just over 5% last week (and has now broken $100,000 again), while Ethereum pushed upwards by 8.4%.
In the meantime, a mini alt season has broken out as a range of notable cryptos experienced small recoveries and pumps – with SPX6900 ($SPX) continuing to lead. $SPX has pumped 20% over the past day and is now up 81% from this time last week.
Meanwhile, the “meme coin index” narrative is also driving growth of Meme Index ($MEMEX), which has now raised $2m through its ongoing ICO.
SPX6900 Continues to Shine in the Spotlight
With another 17% gain pumping its price beyond $1.50 over the last 24 hours, SPX6900 might finally be ready to take a breather – or so its daily chart would suggest. This is the kind of chart that every crypto investor dreams about, showcasing a massive parabolic run that unfolded in almost textbook fashion:
Over this weekend, SPX6900 slowed down for the first time as it printed a “spinning top” candle on Saturday, signaling indecision and a battle between bulls and bears. The bulls proved victorious on Sunday, achieving a fresh 14% profit on the day – and this Monday we’re seeing the pump continue once again.
If we zoom into the hourly chart, however, we can see a more detailed picture:
Since breaking through the $1 level, SPX6900 has formed a series of higher lows, then broken out and also formed a bullish ascending triangle. The asset’s trading volume has pulled back, while its RSI (Relative Strength Index) is hovering slightly below the overbought zone with a score of approximately 67.
Put together, these are all cumulative signs of more potential bullish action still to come – so we could easily see SPX6900 explode yet again, passing $1.60. From there, it might well flip that resistance level into support, leaving the bulls in control and another green daily candle on the cards. Considering everything we’ve seen so far, $3 (almost a 2x from SPX’s current price) is shaping up to be a fair target for bullish believers.
hitting $1.5B mcap w/o Coinbase, Binance, Robinhood is a statement
SPX6900 will reach multi billions before your fav memecoin, strongest community in the game.
— Malik (@tiny_malik) January 6, 2025
On the bearish side, a price dip from here would also be reasonable in order to burn off some of that overbought RSI score. A pullback below $1.50 would open up lower price targets like $1.40, $1.35, $1.25, $1.14, or the key psychological support line at $1 – although it’s worth noting the sheer number of potential support levels that SPX6900 established during its big sprint upwards.
Whether $1.60 proves to be the current limit for SPX6900 bulls or not, this asset has still performed amazingly well, with the worst-case scenario currently being an opportunity to buy the dip.
With so much SPX6900 hype spreading across social media, our next token is shaping up to be that now-legendary project’s successor…
Meme Index ICO Raises $2M – the Next SPX6900?
Excited by the prospect of the next big “meme coin index” token, SPX6900 enthusiasts and crypto experts in general have been heavily supporting Meme Index ($MEMEX), one of the world’s very first decentralized trading platforms for meme coin projects of all sizes.
Hitting it big by betting heavily on just one meme coin arguably requires a significant amount of luck, not just effective analysis – and diversifying a portfolio by investing in multiple tokens quickly becomes time-consuming, not to mention potentially confusing.
Meme Index helps to address this issue, as MEMEX holders can easily stake their tokens across “baskets” (indexes) that expose investors to the cumulative price performance of several meme coins at the same time.
This means that if one token’s value drops significantly, other tokens can help to prop up the value of that basket – and if the crypto market pumps into a fresh bullish phase, investors won’t miss out if a few specific tokens outperform everything else.
Degens can dive into the “Meme Frenzy Index” (where the most rewarding and risky tokens can be found), opt for the relatively safe road with the “Meme Titan Index” (the mainstream meme token basket, including the likes of SHIB, PEPE, and of course DOGE), or go for a moderate level of volatility with mixed collections like the “Moonshot Index” and “Midcap Index”.
Given how strongly SPX6900 has pumped this early in 2025, MEMEX looks set to follow up its phenomenal ICO with its own rocket-fuelled price action when it launches on major crypto exchanges.
Meme Index has now raised $2 million through its presale, with analysts expecting greater achievements in the coming weeks, months, and years.
MEMEX tokens are temporarily priced at just $0.0149831, with staking rewards of 1,207% APY awaiting early investors who choose to stake their tokens and generate passive income. Earning extra tokens will enable those investors to acquire additional votes and have a greater say in the future of Meme Index, as MEMEX will also act as the platform’s governance token.
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This week, we examine Ethereum, Ripple, Cardano, Solana, and Hype in greater detail.
Ethereum (ETH)
Ethereum continued to consolidate this week and booked a 2% gain. While this appears modest, the longer ETH sits above the key support at $2,400, the higher the chance of a continued rally that can challenge the current resistance at $2,870.
The price action remains bullish and a breakout attempt above $2,870 is likely, which could bring this cryptocurrency closer to $3,000, a key psychological level.
Looking ahead, ETH is looking promising and may follow Bitcoin, which has been making new price records. This ongoing market optimism could spill over across altcoins, including ETH.
Ripple (XRP)
XRP’s consolidation under the $2.6 resistance continues. This is why the price is almost identical to last week. Since sellers appear absent, this could give way for buyers to return and attempt a breakout above $2.6.
The momentum is bullish despite the low volatility. This flat trend could be just a brief pause before bulls gather enough strength to resume the rally towards $3, which is acting as a magnet for the price.
Looking ahead, XRP suffers from low volatility and volume right now, but this can change at any time. It’s quite likely that as soon as the $2.6 resistance falls, the price will rush to $3 in quick succession.
Cardano (ADA)
ADA is making good progress towards the $0.9 resistance and has increased by 5% this week. If this trend continues, a breakout attempt is likely before the end of May.
This bullish sentiment can also be seen on the weekly MACD, which is curving upwards with an imminent cross to the upside. If confirmed by next week, then ADA has a good shot at sustaining this rally to reclaim $1.
Looking ahead, ADA has good support at $0.75 should sellers return. This level was already tested recently, which puts buyers at an advantage right now. This makes a test of $0.9 more likely before any future pullback.
Solana (SOL)
Solana had a good week and booked an 8% gain. This allowed the price to expand and reach the resistance at $186, which is being challenged at the time of this post. If SOL is successful in breaking above it and turning it into a key support, then the next target will be found at $200 and beyond.
The weekly MACD already did a bullish cross two weeks ago. This puts SOL ahead of ADA in terms of its rally. While the price increased, the buy volume remains somewhat low compared to past rallies. This is a sign of weakness, but can quickly change if the asset goes beyond $200 later.
Solana is up by almost 100% since its recent bottom at $95. This is an impressive rally for a coin with such a large market capitalization. Considering the price is making higher highs, there are no signs of this trend changing anytime soon.
Hype (HYPE)
HYPE broke everyone’s expectations this week with an eye-popping 39% price increase. This pushed it to $37 at the time of this post, a new record. This rapid move has created euphoria across the Hyperliquid ecosystem.
The current target for this rally is $40, which is the next major psychological level on the chart. Considering the strength of this rally, HYPE may test that level within 24h. Once the buying pressure subsides, a pullback is likely and may be quite significant considering this rally.
Looking ahead, HYPE is one of the few altcoins that managed to make a new all-time high in 2025, breaking its record of $35 from December 2024. This gives hope that the overall altcoin market may soon recover the losses from earlier this year.
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Cryptocurrency charts by TradingView.
After a month of calmness on the tariff front and even positive developments between the US and China, the POTUS is back with making threats against (former) partners – this time, solely the EU.
Trump said the talks with the Union are leading to no meaningful results and proposed a straight 50% tariff starting from June 1.
The US President believes the EU was formed for the “primary purpose of taking advantage of the United States” on the trade front, and its multiple barriers have made it difficult for everyday Americans. In fact, he claimed that the Union’s policies have led to a Trade Deficit with the US of more than $250,000,000 per year.
His statement, which went live minutes ago, had a profound and immediate effect on the cryptocurrency markets, as did previous tariff-related announcements.
Bitcoin, which had retraced slightly to $111,000 after yesterday’s all-time high, slumped by a few grand and dipped below $109,000, where it sits at press time as well.
Recall that the asset slumped hard after Trump started the trade war against essentially every country a few months back. BTC bottomed on April 7 and 9 at under $75,000, which was a five-month low.
As the economic situation improved globally, even between the US and China, bitcoin went on the offensive and added over $35,000 in a month and a half to break its January all-time high.
The altcoins have also turned red after Trump’s statement today. His own meme coin is the worst performer on a daily scale, having lost 15% of its value after yesterday’s special dinner.
The total value of liquidated positions has risen to over $450 million, according to CoinGlass. Almost 150,000 over-leveraged traders have been wrecked in the past day.
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[PRESS RELEASE – Canada, Toronto, May 22nd, 2025]
The international hedge fund Imrat Group continues its dynamic global expansion. Today, the company operates in over 50 countries across Asia, Europe, the CIS, the Middle East, and Africa, where it is opening new offices, building local teams, and launching partnership programs.
“Scaling globally is a natural step in our company’s growth. We are establishing local networks in regions where we see strong potential for digital finance, innovation, and venture growth. Local teams help us better understand market specifics and adapt our products more quickly to meet actual demand,” said Ben Schultz, Managing Partner at IG Security.
This approach allows Imrat Group to combine global strategic management with local flexibility, effectively promoting investment solutions, digital products, and partnership models in different parts of the world.
International expansion also facilitates knowledge sharing between regions, accelerates the development of technological sectors (such as Web3, blockchain, green energy, and fintech), and creates a solid foundation for long-term growth.
Why Imrat Group is Chosen Worldwide
Technological Leadership
Imrat Group is not just an investment structure, but a comprehensive technological ecosystem. The company actively implements innovations in Web3, blockchain, digital assets, and green energy, giving partners access to cutting-edge solutions that are already shaping tomorrow’s economy.
Global Reliability and Regulatory Transparency
The company is registered and operates in Canada, Hong Kong, and the United Kingdom, ensuring compliance with international standards of compliance, financial transparency, and investor protection. This fosters a high level of trust from both private and institutional partners.
Flexible Partnership Models
Imrat Group builds mutually beneficial collaborations — from partner programs with training and mentoring to co-launching products and tailored local solutions. In each region, the company operates with sensitivity to cultural, legal, and economic contexts, offering customized interaction models.
Comprehensive Investment Solutions
Imrat Group offers a wide range of investment strategies — from Pre-IPO and ICO to sustainable portfolios in healthcare and energy — and provides access to high-growth potential products supported by a robust infrastructure for their implementation and scaling.
Local Presence with a Global Approach
The hedge fund establishes local teams and offices in regions with strong demand for digital finance and investment tools. This enables the company not only to export ready-made solutions, but to co-create them with local market players — from Asia to Europe, from the Middle East to Africa.
“We are building a sustainable global ecosystem where each region is not merely a consumer of solutions, but an active contributor to their creation. This is our approach to a fair, scalable, and technologically mature future,” emphasized Ben Schultz.
About Imrat Group
Imrat Group is an international investment hedge fund founded in 2021. Its core focus areas include digital assets, venture capital, healthcare, green energy, and blockchain. The company is registered in Canada, Hong Kong, and the United Kingdom, and is actively expanding its footprint in key markets across Asia, Europe, the CIS, and Africa. It provides access to high-tech investment products, supports startups, and implements next-generation digital economy models.
Website: https://imratgroup.io/en
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