Altcoin
Biggest Altcoin Gainers of the Last Week of July 2024

Altcoin prices took a step back from the significant hikes this week, unlike the third week of July 2024. However, this does not imply the absence of a few exceptions.
Even though the uptick is not evenly spread, some of the usual suspects remain present. However, the list of gainers for the last week of July is interesting as there are entirely new entries compared to the previous weeks.
cat in a dogs world (MEW) Is Changing the Theme on Solana
Things change very fast in the crypto market, and the emergence of MEW as the top altcoin gainer proves that. cats in a dogs world is a cat-themed meme coin built on the Solana blockchain.
This week, the price of MEW, as it is commonly called, stunned the market and jumped by 85.68%. When compared with other dog-themed meme coins like Bonk (BONK) and dogwifhat (WIF), there is an incredible difference.
The outstanding rise in MEW’s price strengthens the speculation that meme coin dominance on Solana is shifting from the dogs to the cats. It also agrees with the opinion that meme coins will likely dominate the altcoin season.
Another altcoin backing this sentiment is Popcat (POPCAT), whose price also notes an incredible rise. At press time, MEW trades at $0.0072, representing a notable drop from the weekly high of $0.0087.
Read More: Which Are the Best Altcoins To Invest in July 2024

Despite the recent drawdown, MEW’s price may soon rebound. This is because of the signs shown by the Moving Average Convergence Divergence (MACD), a trend-following momentum indicator that uses moving averages to determine price acceleration or deceleration.
As seen in the chart above, the MACD is positive on the daily chart. Therefore, if buying pressure returns, the value of the cryptocurrency may rise to $0.0087 again. However, if profit-taking increases, the bullish prediction may be invalidated, and MEW may drop to $0.0065.
Helium (HNT) Rises, But May Slow Down
HNT, the native token of Helium, a decentralized blockchain-powered network, is one of the top-performing altcoins.
At press time, HNT trades at $5.30 after noting a 23.76% increase in the last seven days. According to the daily chart, HNT experienced a decline on July 16, as the price fell to $3.57. This was the start of the uptrend, which saw the price ascend to $6 earlier.
However, Helium’s price risks a decline, according to signals from the Relative Strength Indicator (RSI). The RSI measures momentum and shows whether an asset is overbought or oversold. A reading of 70.00 or above means it is overbought, while those at 30.00 or below are overbought.

As of this writing, HNT is overbought, suggesting that a retracement could be next for the token. Consequently, the value of the altcoin may drop to $4.79. However, if buying pressure increases, the price could attempt to retest $6.
Pyth Network (PYTH) Looks Ready to Grab More Greens
Recently, BeInCrypto reported that PYTH’s Open Interest reached a two-week high, confirming that much attention has been paid to the altcoin. In the past seven days, the token price has risen by 15.12%, making it one of the top altcoin gainers of the last week of July 2024.
Unlike HNT, PYTH’s price may continue to hit new highs. This is because of the signs shown by two indicators — the Parabolic SAR and the Chaikin Money Flow (CMF).
The CMF shows if a token is experiencing a lot of moment flow or not. If it increases, then there will be a good level of accumulation. Should it decrease, it means participants are distributing. For Pyth, it is the former, suggesting that the price could hit a higher value.
Read More: 7 Hot Meme Coins and Altcoins that Are Trending in 2024

The Parabolic SAR, on the other hand, determines trend direction using a stop and reverse method. Put simply, the price tends to reverse downward if the dotted lines are above it. But in PYTH’s case, the dotted lines are below the price.
Should this continue, PYTH’s price may jump to $0.39 or reach $0.44 in the short term. However, if token holders begin to distribute, the price can fall to $0.33.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Altcoin
Charles Hoskinson Reveals How Cardano Will Boost Bitcoin’s Adoption

Cardano founder Charles Hoskinson says the network will play a key role in Bitcoin DeFi transactions in the future. With several partnerships and innovations in the works, Hoskinson says Cardano is bracing itself to explore layer 2 solutions on the Bitcoin blockchain,
Cardano Positions Itself For Bitcoin DeFi
In an interview with Scott Melker, Cardano’s founder has revealed ambitious plans for the network to turbocharge Bitcoin’s adoption for DeFi applications. Hoskinson notes that large financial institutions will trigger a demand for Bitcoin DeFi given their fiduciary obligation to create yield.
He notes that a Bitcoin ETF providing DeFi yields will trigger shareholders to demand similar yields. Hoskinson eyes a three-year timeframe for institutions to plant their feet in Bitcoin DeFi and UTXO DeFi.
Hoskinson says Cardano will combine Hydra with the Bitcoin Lightning network and build a trustless recursive bridge between both networks. The founder adds that its Aiken programming language will enabled to write both Bitcoin and Cardano scripts.
Furthermore, a partnership with Maestro, an infrastructure provider allowing Bitcoin integration with UTXO-based blockchain will provide a “turn-key experience” for users.
“It’s still early days but we are making methodical progress every step of the way,” said Hoskinson.
Hoskinson is moving on from his absence from the Crypto Summit at the White House, doubling down on technical innovation. He notes that the Bitcoin-focused plays by Cardano will not adversely affect the network’s road map.
Is Bitcoin Ready For DeFi Applications?
Hoskinson revealed in the interview that Bitcoin is ready for DeFi utility following the Taproot and the Lightning Network advancements. According to the founder, Taproot added programmability features to the Bitcoin network and Cardano will push the frontiers.
He adds that Cardano will enable Bitcoin users to engage in DeFi transactions while transacting with only BTC. Hoskinson says a merger between Bitcoin is enough to make Cardano’s DeFi significantly larger than Ethereum and Solana combined.
While the integration will send Cardano price soaring, ADA wallows at $0,6611 after losing 10% in a week. However, traders are targeting an ADA pump in May following the forming of a cyclical pattern.
An analyst argues that a price rally to $10 is not a crazy prediction given a streak of solid fundamentals and partnerships for Cardano.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Ethereum Bitcoin Ratio Drops to Record Low, What Next for ETH?

The world’s second-largest digital asset, Ethereum (ETH), struggles to keep up with Bitcoin. Market data shows that the ETH/BTC ratio has dropped to its lowest level in five years. Consequently, investors and analysts are now questioning whether Ethereum can recover in the coming quarter, considering Bitcoin may continue its long-standing domination in the digital assets market.
The Ethereum Bitcoin Ratio At New Lows
ETH performed poorly compared to Bitcoin in the first quarter of 2025. According to a recent update from The Kobeissi Letter, the Ethereum to Bitcoin ratio has dropped to 0.02, its lowest level since December 2020.
Historically, Ethereum has gained strength after Bitcoin halvings, but the trend has reversed. While Bitcoin price is going upward, Ethereum has struggled to gain traction.
Several factors have contributed to this decline. Bitcoin’s narrative as digital gold has strengthened, drawing more institutional investment. In addition, the coin has faced challenges, including relatively higher gas fees and competition from other blockchain networks.
Unfortunately, the Ethereum Pectra upgrade, which experts believe could drive a price increase for the coin, faced some challenges. As reported by CoinGape, multiple testnet attempts failed before the Hoodi testnet that launched recently.
Some experts believe Ethereum’s transition to proof-of-stake has not delivered the expected market boost.
Q1 Performance and ETF Downturn
The ETH price performance in the first quarter of 2025 has been disappointing. For context, data shows that the coin has dropped 46% this year, nearly 4 times more than Bitcoin’s decline of 12%.
Many investors expected a strong bull run, but Ethereum has remained weak. The adoption of spot Bitcoin ETFs earlier in the year attracted billions of dollars, but Ethereum has not seen the same level of interest for its potential ETF.
Market analysts suggest that institutional investors are still hesitant about Ethereum’s long-term value compared to Bitcoin. Bitcoin’s fixed supply and reputation as a hedge against inflation have made it a safer choice for institutional investors.
Where is ETH Price Heading?
Some analysts believe ETH price could hit $10,000 if broader market conditions improve and the Ethereum Pectra upgrade launches on the mainnet.
Others warn that if the coin continues to lose value against Bitcoin, investors may start shifting funds to other networks like Solana or Avalanche.
Even though short-term price predictions remain speculative, some traders expect Ethereum to rebound as Bitcoin stabilizes. Others believe the ETH/BTC ratio could drop even further.
As of this publication, CoinMarketCap data shows that Ethereum’s price was $1,842.29, up 1.34% in the last 24 hours. Many experts believe that the coming days will determine whether Ethereum can regain strength or whether Bitcoin’s dominance will continue to grow.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Elon Musk Rules Out The Use Of Dogecoin By The US Government

Elon Musk has doused optimism for the US government to adopt Dogecoin at the America PAC town hall event. The head of the Department of Government Efficiency (DOGE) noted that the government agency only bears a nominal resemblance to the memecoin.
Elon Musk Dispels Rumors Of Dogecoin Adoption By The US Government
At a recent event, Tesla CEO Elon Musk cleared the air on the potential adoption of Dogecoin by the US government. In his keynote speech, Musk noted that the US government will not be adopting Dogecoin, contrary to swirling speculation.
Musk noted that the speculation gained traction following the launch of the Department of Government Efficiency (DOGE). Following the launch of DOGE and Musk tapped to lead the agency, enthusiasm for Dogecoin government utility reached new highs.
However, Musk clarified that the agency bears only a nominal resemblance to the memecoin, stemming from an internet trend. The Tesla CEO disclosed that the original intended name was the Government Efficiency Commission, opting for DOGE “because the internet is right.”
“The name is similar but they are two different things,” said Musk. “But there are no plans for the government to use Dogecoin as far as I know.”
Musk has a long and storied history with Dogecoin, famously shilling the memecoin and integrating DOGE payments for Tesla. Musk teased an anime-themed DOGE on X, setting the stage for a $2 rally for the memecoin.
DOGE Reacts Negatively To The News
Dogecoin price slumped by nearly 2% in the wake of the grim report. Currently, the memecoin is trading at 0.1660 as it eyes a push toward the $1 mark.
The negative fundamental adds pressure to reports of DOGE forming a falling wedge pattern, signaling a potential downward breakout. However, optimists are rippling with confidence that DOGE can shake off the negative sentiments to post new all-time highs.
One analysis claims that if the Dogecoin price breaks a 3-month trendline, an $8 valuation for the memecoin is in play. Others claim that the House of Doge Reserve launch will be a tailwind for Dogecoin price, sending the dog-themed coin on a strong rally.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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