2024-11-16 11:28 |
Crypto investors are increasingly greedy as Bitcoin and other meme coins continue their strong bull run. The crypto fear and greed index moved to the extreme greed zone of 85, a trend that could continue in the coming weeks.
Bitcoin soared to over $93,000, solidifying it as the best-performing asset in the last 15 years. Similarly, Ethereum and Solana jumped to $3,200 and $215, respectively.
Meanwhile, investors turned to Vantard, one of the fastest-growing token sales of the year, which has raised almost $1 million in the past few weeks.
Donald Trump and the Federal ReserveThe main reasons why the crypto fear and greed index has moved to the green zone are Donald Trump and the Fed.
Donald Trump won last week’s election by a huge margin, making him the first crypto-friendly president in the United States. He owns crypto tokens worth over $6 million and is also raising money for the World Liberty Finance project.
Therefore, Trump is expected to appoint regulators who are friendly to the crypto industry, which will be a breath of fresh air for an industry that has struggled under Gary Gensler. In his reign, Gensler has sued numerous companies like Ripple Labs, Immutable X, Uniswap, and Kraken.
The Federal Reserve has also contributed to the ongoing crypto rally. It has already slashed interest rates two times this year, and analysts expect it to continue the process. In most cases, risky assets like cryptocurrencies and stocks do well when the Fed is cutting rates.
Vantard token sale is thrivingThe ongoing crypto bull run explains why investors are piling into Vantard, an upcoming crypto project that is raising money from investors.
Vantard is inspired by Vanguard, a company whose assets have surged to over $8 trillion in the past few decades. Its goal is to create the first meme coin index fund that tracks the best tokens in the industry.
This is a noble goal considering that meme coins are some of the best-performing assets this year. For example, Dogecoin has jumped by over 102% in the last seven days, while Pepe, Dogwifhat, Bonk, and Floki have soared by over 70% in the same period.
Analysts believe that meme coins will continue powering ahead in the coming months. In a statement today, Matthew Sigel of VanEck, predicted that Bitcoin would jump to $180,000 in 2025. His case is based on technicals and fundamentals, which he believes are strong.
One of the top fundamentals is the ongoing Bitcoin ETF inflows. These funds now hold over $95 billion in assets, with the iShares Bitcoin ETF having over $42 billion.
Therefore, if these predictions are accurate, it means that other meme coins will do well. In most cases, meme coins thrive when Bitcoin is in a strong momentum. You can buy the Vantard token here.
The post Crypto fear and greed rises as investors turn to Vantard appeared first on CoinJournal.
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