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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Cryptocurrency
Bitcoin (BTC) Decoupling From Wall Street: A Signal for New Records in 2025?
2025 has kicked off on a positive note, with Bitcoin back to six figures, trading above $100,000. Despite climbing by almost 8% over the past week, BTC is yet to reclaim its recently established all-time high above $108,000.
However, Bitcoin’s divergence from equities suggests a reduced correlation, raising hopes for a bullish 2025 and new all-time highs.
Weakening Bitcoin-Equity Correlation
There has been a notable shift in the correlation between cryptocurrency and equities, particularly Bitcoin and the S&P 500. Since Donald Trump was elected as the 47th US President in November 2024, the two markets have been closely tied.
However, data from Santiment demonstrated Bitcoin gaining momentum, surging by over 3% in a single day compared to the S&P 500’s modest 0.4% rise.
This divergence is significant, as it suggests Bitcoin might be decoupling from its perceived role as a “high-leveraged tech stock,” a reputation it has held for much of the past three years. Historically, Bitcoin and the broader crypto market have achieved their strongest bull runs during periods of low correlation with traditional equity markets.
Experts also suggest that Bitcoin is ripe for the next leg up, with a crucial milestone being $140,000 in the coming months.
Crypto Market in Later Stages of Bull Cycle?
This decoupling coincides with broader market indicators suggesting that the cryptocurrency market has entered the later stages of its current bull cycle, which began in January 2023.
As noted by CryptoQuant data, Bitcoin has seen significant growth in both price and duration, supported by a substantial influx of new and existing investments. The percentage of Bitcoin traded for less than a month, measured by realized market cap (UTXO), has reached 36%.
While this is lower than past cycle peaks, the long-term trend remains downward, indicating the market may peak by the first or the second quarter of 2025. In fact, analysts predict a sharp rise in this ratio 2-4 times before the market overheats, likely triggering the next bear cycle.
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Cryptocurrency
Bitcoin Reclaims $102,000 as Best Wallet Token ICO Hits $6.5M Milestone
2025 is shaping up to be another exciting and bullish year for the crypto markets, as Bitcoin has once again pushed above $102,000.
This achievement follows a highly positive first week of the year, during which BTC made a gain of more than 5%. Bitcoin’s total market cap is now hovering just below the $2 trillion mark, while the asset itself is pulling in 24-hour trading volumes of approximately $49.5 billion.
As investors and traders lock in and prepare their 2025 strategies, crypto self-custody wallets have become a hot topic. Best Wallet, one of the top-rated wallets on the market, has now raised $6.5 million through the ICO for its new ecosystem token $BEST, which could be a smart play ahead of the next bull run.
Bitcoin Breaks Into Six Figures Once Again
Bitcoin bears, who quickly declared the bull market over during BTC’s dip in December, have suddenly gone quiet as the leading cryptocurrency pumped beyond $102,000 yesterday.
As the chart analysis below demonstrates, a bullish double bottom was already all but confirmed on New Year’s Day:
At the time of writing, that double bottom has mostly played out as expected. Although a more textbook pattern would have seen a faster push towards $108,000, that level also happens to be Bitcoin’s all-time high.
Therefore, some extra resistance below $108,000 is a natural occurrence here. Some BTC holders will be looking to take some late profits, while whales try to suppress the price (and accumulate more Bitcoin while it’s below its all-time high). There will also be some bears left, making their last stand while shorting BTC to the best of their ability.
While all of this activity is occurring, and leading to some sideways chop for BTC, trading volumes have mostly remained at average levels. This indicates an overall lack of conviction and decisiveness – even though the bulls have indeed won out so far in 2025.
A lot of good tests there….. looks solid pic.twitter.com/aVQfGQkzhb
— Don’t follow Shardi B if you hate Money (@ShardiB2) January 6, 2025
Another bullish factor is the presence of an ascending triangle pattern, firmly established during the creation of the double bottom. This pattern has until April to fully play out, leaving a lot of white space to fill within a gradually narrowing (and rising) price range.
A breakdown through the triangle’s green support line would open up the $82,000 region as a bearish price target for shorts – which would also be a key spot where bulls take their chances and buy the dip.
Taking the bullish side again, a new all-time high break will force Bitcoin bulls to try and establish $108,000 as a new support level.
As we enter the next bull run, new tokens are those that experience the highest growth. For traders on the lookout for those opportunities, the Web3 Best Wallet has created some useful tools to spot high potential tokens.
Best Wallet Token ($BEST) ICO Passes $6.5M – Smart Play for the Bull Run?
The potential gains available to Bitcoin buyers are relatively limited in comparison to the profits that can be made from new tokens – especially those in their early ICO stages. One exciting presale project is the Best Wallet Token ($BEST) presale, which has now raised more than $6.5 million.
The non-custodial wallet market is worth $11 billion, and Best Wallet is on track to capture 40% of it by 2026. Through the Best Wallet ecosystem, users have 24/7 access to all of their cryptos through a smartphone app (for iOS and Android), and also benefit from staking, trading swaps through the Best DEX, iGaming, and the latest crypto presales.
One of its most interesting tools is the Upcoming Tokens feature. This highlights new coins with high potential, and several tokens like Pepe Unchained and Catslap have gone on to see massive growth after being listed in Best Wallet.
$BEST token holders get even more exclusive benefits, including airdrops and earlier access to top crypto presales than other users to new token tips, lower transaction fees, staking rewards, ecosystem governance votes. Naturally, long-term investors can also simply hold a bag of $BEST as part of their crypto portfolios.
At the time of writing, investors interested in capitalizing on this market through a leading product only have a limited time to secure $BEST tokens, which are currently priced at $0.0235.
As the presale continues, the price will gradually rise – and it’s expected to explode when $BEST gets listed on some DEX and CEX platforms following its official launch later this year.
Visit Best Wallet Token Presale
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Cryptocurrency
Akuma Inu Price Pumps 110%, Could Meme Index be Next to Explode After Raising $2M?
Akuma Inu (AKUMA), the anime-inspired meme coin, has rocketed 110% in the past 24 hours.
That makes AKUMA one of the hottest cryptos on the market right now.
Meanwhile, Meme Index (MEMEX) is beginning to go viral with its unique approach to meme coin investing – and some investors believe it could also be about to explode.
AKUMA Price Explodes – What’s Behind the Coin’s Rally?
Akuma Inu is blowing up right now.
The coin’s mascot, a fierce black Pomeranian, is taking over the meme coin space – offering something different from other dog-themed tokens.
AKUMA is hosted on the Base network, and its price has more than doubled since yesterday.
The coin is up 336% in the past week alone.
It’s now hovering around $0.0010, and over the last day, spot trading volume has exceeded $5.6 million.
That’s enough to get it a spot on CoinMarketCap’s trending cryptos list.
Not bad for a meme coin that’s still only available on Uniswap and Pancakeswap.
Interestingly, there is no apparent reason why Akuma Inu’s price has climbed in the past 24 hours.
It seems that AKUMA is simply benefiting from traders’ interest in new and unique meme coins, as evidenced by the recent rallies from AI16Z and PENGU.
Akuma Inu & The Bull Run – Is This the Final Stage?
There are mixed conditions in the crypto market right now.
Bitcoin passed $100,000 again yesterday, yet has dropped today, pulling down most major altcoins.
However, this indecisiveness doesn’t seem to have affected AKUMA.
Smaller meme coins like this tend to trade on their own momentum, often rising regardless of broader market trends.
And the coin’s timing might actually be perfect since CryptoQuant analysts believe the bull market is entering its final stages, with a potential peak in early-to-mid 2025.
The Market Has Entered the Later Stages of the Current Bull Cycle
“The long-term trend remains downward, which suggests that the market is likely to reach its cycle peak by Q1 2025, or at the latest by Q2 2025.” – By @DanCoinInvestor
Full post https://t.co/U6eLo2kUOc pic.twitter.com/qkJArfnbRK
— CryptoQuant.com (@cryptoquant_com) January 6, 2025
Meme coins often see their biggest runs around this time of year.
But not everyone expects a market top to approach so soon.
VanEck’s team predicts Bitcoin could surge as high as $180,000 by year-end, while Steno Research expects 2025 to be crypto’s best year ever.
For AKUMA holders, either scenario could spell opportunity – meme coins often thrive during sustained bull runs and in the final stages of a cycle.
Plus, if AKUMA were to be listed on a top-tier CEX like Binance, its recent price action could just be the start of something much bigger.
It’s a meme coin to watch in the days and weeks ahead.
Meme Index Could be the Next Big Meme Coin After Raising Over $2M in Presale
Everyone’s talking about AKUMA, but there’s another meme coin that’s beginning to attract attention: Meme Index.
This project has now raised over $2 million in its presale.
But it’s not just a random meme coin – it’s creating a whole new way for retail traders to invest.
Meme Index will offer four different indexes, each with a unique selection of meme coins.
These indexes are similar to the S&P 500 in how they are structured.
You’ve got a low-risk index with established names, and then there’s a high-risk index for those with more of a risk appetite.
It’s an exciting concept – especially given all the hype around meme coins right now.
If that wasn’t enough, Meme Index also has a built-in staking protocol for the MEMEX token, offering APYs of 1,170%.
No wonder crypto YouTuber Michael Wrubel, who has over 314,000 subscribers, praised the project in a recent video.
Wrubel has a history of talking about presale cryptos before they explode, so his endorsement could be a signal that Meme Index might be on the verge of a breakout.
However, as it stands, the project’s presale is still ongoing.
The team has yet to announce an end date, but investors can grab MEMEX tokens at a discounted price of $0.0149831 each.
So, for those who missed the boat with AKUMA, Meme Index might be the next big opportunity.
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
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