Meme coin price rallies typically signal a top in Bitcoin and Ethereum prices in close. Experts believe if PEPE and other meme coins in the ecosystem rally again, it could fuel capital rotation in Bitcoin and Ethereum.
Polygon network’s zkEVM rollout has witnessed an increase in Total Value Locked. There is a spike in on-chain activity on the MATIC network and experts expect this to fuel a recovery in the asset’s price.
Ethereum, the second-largest asset by market capitalization is currently under intense selling pressure with the increase in ETH inflow to centralized exchanges. Typically, a rise in ETH inflow is associated with increased selling and a negative impact on the asset’s price.
