The meme coin market is full of surprises, as new trends emerge with every passing day, and the past few days have not disappointed. As the demand for trading bots grows, Solana, being a hotspot for meme coins, has noted the emergence of Axiom as the next big thing.

BeInCrypto has analyzed two other meme coins for investors to watch as they attempt to recover their recent losses.

Animecoin (ANIME)

• Launch Date – January 2025
• Total Circulating Supply – 5.53 Billion ANIME
• Maximum Supply – 10 Billion ANIME
• Fully Diluted Valuation (FDV) – $195.39 Million

ANIME’s price surged by 31% in the last 24 hours, trading at $0.019. The meme coin is now approaching the $0.020 resistance, which it failed to secure in the previous month. This resistance level is crucial for continuing its recent momentum and sustaining upward movement.

If ANIME maintains its current bullish momentum and flips $0.020 into support, it could target the next resistance level at $0.023. A successful breach of this level would indicate a strong uptrend and potentially lead to further price increases, attracting additional investor interest.

However, if broader market conditions fail to support this bullish outlook, ANIME could face a decline. A drop below the $0.017 support would suggest a reversal, with the possibility of the price falling to $0.015, invalidating the bullish thesis and signaling a potential further downturn.

Brett (BRETT)

• Launch Date – May 2023
• Total Circulating Supply – 9.91 Billion BRETT
• Maximum Supply – 10 Billion BRETT
• Fully Diluted Valuation (FDV) – $375.52 Million

Another one of the meme coins to watch, BRETT, has shown significant growth, posting a 46% increase in the last seven days. This strong performance has brought the meme coin to $0.036 despite the dominance of other meme coins in the market. BRETT’s price action shows potential for further growth if key resistance levels are breached.

However, BRETT is now facing resistance at $0.038, a level it failed to breach in March. If the meme coin can successfully break through this barrier, it may rise to $0.042, reaching a new monthly high and signaling continued upward momentum, attracting investor interest.

On the other hand, if BRETT fails to breach $0.038 again, the price could retreat towards $0.030. This would invalidate the current bullish outlook, erasing much of the recent gains and suggesting the meme coin may struggle to maintain its upward momentum in the short term.

Small Cap Corner – Axiom

Axiom, although not a meme coin, has caught the attention of meme coin enthusiasts. This Solana-based trading bot recently saw a surge in demand, making it the largest bot on the platform, surpassing established bots like Photon, BullX, and GMGN.

Axiom’s success is impressive, recently surpassing $100 million in daily trading volume and commanding 41% of Solana’s entire trading bot volume. The rise of bots for speculative trading offers a convenient solution, and Axiom adds to this trend with its one-tap functionality for executing complex trades.

The growing reliance on bots for speculative trading, especially when it comes to meme coins, provides an easier path for investors. As meme coin investments are often driven by volatility, Axiom offers a middle ground for users seeking to trade these assets effectively. Given the increasing interest, Q2 could see a surge in trading bots, making it essential for meme coin enthusiasts to explore these tools.

However, speculative trading, particularly with meme coins, carries inherent risks. BeInCrypto strongly advises to DYOR before diving into such investments.

Leading altcoin Ethereum has seen its price climb 5% over the past week, riding the wave of a broader market recovery. This price growth has reignited demand for the altcoin, particularly among US-based ETH retail traders, as indicated by on-chain data. 

However, institutional investors appear to remain skeptical. They continue to pull their capital from ETH-backed funds, signaling their lack of confidence in any near-term price rebound. 

Retail Interest in Ethereum Grows as Coinbase Premium Signals Buying Surge

The increase in retail interest is evident in ETH’s Coinbase Premium. It has moved back above zero, signaling heightened buying activity from US investors. At press time, this is at 0.016. 

ETH’s Coinbase Premium Index measures the difference between the coin’s prices on Coinbase and Binance. When its value climbs above zero, it suggests significant buying activity by US-based investors on Coinbase.

Conversely, when it declines and dips into the negative territory, it signals less trading activity on the US-based exchange. 

ETH’s Coinbase Premium Index reflects bullish sentiment in the market, as traders are willing to pay a premium to purchase the coin on Coinbase. In the short term, this can drive up the altcoin’s value, as it signals growing investor interest.

However, institutional investors in the US remain cautious. This is evident in the ongoing outflows from US-based spot ETH exchange-traded funds (ETFs), marking the altcoin’s seventh consecutive day of withdrawals.

The continued exit of institutional capital stands in stark contrast to the growing enthusiasm among retail traders. This divergence suggests that while US retail investors are increasingly optimistic about ETH’s short-term prospects, institutional players are more cautious, possibly due to macroeconomic uncertainty. 

ETH Shows Strong Capital Inflows, But Bearish Sentiment Could See Price Drop

ETH’s Balance of Power (BoP) is positive at press time, reflecting today’s market recovery. This indicator, which measures buying and selling pressures, is in an upward trend at 0.57.

A positive BoP like this indicates more capital inflow into ETH than outflow, signaling an accumulation trend. If this continues, it could push the altcoin’s price to $2,114. 

However, if market sentiment turns bearish and ETH retail traders reduce their demand for the altcoin, it could lose recent gains and drop to $1,395.

Donald Trump’s broader circle and business avenue is reportedly planning to launch a crypto game based on Monopoly this month. Trump is a longtime fan of the game, launching an officially licensed spinoff in 1989.

Bill Zanker, who helped Trump launch NFTs and his TRUMP meme coin, is spearheading development. However, the community response is skeptical, as very little information about the crypto element is public.

Trump Is Launching a Crypto Monopoly Spinoff

The intersection of blockchain and gaming has a wide variety of uses, from Tap-to-Earn tokens to NFT use cases and more. A surprising addition to this space is coming soon, as a new report claims that Trump’s family will launch a crypto game loosely based on Monopoly soon.

The exact details are somewhat hazy, but reporters have managed to identify a few key facts. This Monopoly game is being spearheaded by Bill Zanker, a longtime Trump associate who worked with him to launch his NFTs in 2023 and was also involved in the TRUMP token.

It’s unclear when the two renewed their partnership, but the game is set to release this month. Anonymous sources claimed that players will earn in-game cash, which is presumably where the crypto element comes in.

Both developers quoted directly compared this game to Monopoly, and its rules will likely match up. Further reports suggest that Zanker is looking to buy the IP rights for the 1980s Trump Monopoly spinoff board game.

In other words, this IP question could present a possible difficulty if Monopoly’s owners don’t license another spinoff to Trump. Even if the crypto game doesn’t bear any Monopoly branding, Hasbro could sue if the gameplay is substantially similar.

So far, the online crypto community’s response has been incredulous. Users called Trump’s crypto-themed Monopoly spinoff a “joke,” an attempt to “max extract” value from his supporters, and called developers “the largest manipulators ever.”

Even if retail investors have potential upside, there seems to be a narrow window for gains.

“Are we about to witness another Trump family rug? Apparently, Trump’s a big fan of Monopoly. Zanker claims it’s not a MONOPOLY GO! clone — but confirmed the game is real and set to launch end of April. Incoming circus or giga pump?” said one user.

It’s difficult to determine the potential impact of this game on crypto, as we have basically no information about its tokenomics. For example, in Monopoly, users have to spend in-game currency to play.

Will that be a major component of Trump’s version? Will the in-game currency include the TRUMP meme coin? How will users extract value? These details will likely remain unanswered until an official announcement.