Memecoins
AMBCrypto Survey Reveals 50% of Memecoin Investors Profited from Market Fluctuations in June
AMBCrypto reports that half of memecoin investors made profits in June amid market volatility. Learn about the generational trends and various strategies behind these investments.
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The month of June was marked by significant fluctuations in the cryptocurrency market, as revealed by AMBCrypto’s Latest Report and investigation. While Bitcoin has struggled amid geopolitical pressures and regulatory uncertainties, memecoins have seen an increase in investor engagement, but not necessarily profitability.
Bitcoin’s journey in June was tumultuous. After the FOMC meeting, the Fed Chairman’s skepticism regarding the US economy led to a market reversal, with Bitcoin price falling to $66,249 and the total long liquidations reaching $32.92 million. Additionally, spot Bitcoin ETFs saw a net outflow of $580.6 million in mid-June, highlighting the impact of conflicting economic indicators on investor confidence. Despite these challenges, some analysts remain optimistic, predicting a possible ETF influx that could propel the price of Bitcoin higher.
Bitcoin Prediction for July
Bitcoin’s supply dynamics also suggest an impending crisis. With the cryptocurrency creation rate pegged at less than 1% per year and ETFs absorbing 2.43% of the supply, a future supply shock seems inevitable. This is exacerbated by the Federal Reserve’s reduced expectations for interest rate cuts, which could limit Bitcoin in a trading range of $64,000 to $70,000 for the foreseeable future.
In this context, geopolitical tensions, particularly involving France and the escalation of the situation between China and Taiwan, have further destabilized the market, causing a shift towards safer assets such as the US dollar, thus putting additional pressure on Bitcoin.
7,259 memecoin investors reveal their strategies
When it comes to memecoins, AMBCrypto’s survey of 7,259 investors highlighted the dynamic yet volatile nature of this niche market. Over 50% of investors in popular memecoins like SHIB, DOGE, and PEPE reported profitability through June. However, investment motivations vary widely, with 43% prioritizing real-world use cases and 47% being influenced by hype and community engagement.
Interestingly, the survey also noted a generational divide in memecoin investing and a significant increase in new investors, with nearly 38% making their first investment in the past month. This trend is accompanied by a “spread out” investment approach, with 53% of investors spreading their bets across multiple memecoins in the hopes of making a big deal.