It seems like everything’s looking positive for the cryptocurrency market at the moment. Bitcoin, specifically, has soared to a brand-new record high, surpassing $123,000. There’s also a new crypto bill being discussed in Congress. Plus, there’s quite a buzz about what’s being referred to as the “Stablecoin Season.
To put it simply, we might witness an impressive surge in the cryptocurrency market towards the end of the year. Here are three digital currencies that could experience significant growth over the following five months.
Bitcoin
Absolutely, it’s undeniable that Bitcoin often takes the front seat. Given its historic performance, if you anticipate the cryptocurrency market will rise, it’s wise to consider investing in Bitcoin. After all, it makes up a significant 62% of the entire crypto market’s value.
The interest in Bitcoin from institutional investors remains robust. Once again, large amounts of money are flowing into Bitcoin exchange-traded funds (ETFs). Simultaneously, a surge of new companies that function as Bitcoin treasuries, similar to Strategy Inc., the pioneer in this area, are emerging. These companies are accumulating billions of dollars to purchase Bitcoin.
Additionally, Bitcoin is receiving significant focus from the Trump administration. In essence, the value of Bitcoin serves as an indicator for the broader cryptocurrency market and the effectiveness of the Trump administration’s pro-cryptocurrency initiatives.
During “Crypto Week,” President Donald Trump connected the rise of cryptocurrencies to his broader election slogan, “Make America Great Again.” This connection suggests a potential renewed effort towards strengthening the Strategic Bitcoin Reserve and other actions that might boost Bitcoin’s value in the latter part of the year.
Ethereum
Among all cryptocurrencies, Ethereum (ETH) appears to have the strongest backing from the Trump Administration if we’re talking about one that resembles Bitcoin in this regard. If the integration of conventional finance and blockchain technology, as many now predict, is indeed going to happen, then Ethereum is likely to play a significant role in it.
In these bustling crypto markets, Ethereum reigns supreme as the preferred blockchain for Decentralized Finance (DeFi), boasting a robust 58% market dominance. Moreover, Ethereum serves as the leading platform for stablecoins, one of the most captivating cryptocurrency success stories this year. These sectors, DeFi and stablecoins, are particularly intriguing to Wall Street financial institutions.
To note, Ethereum’s annual growth is currently minimal (about 2% as of July 17), making it less of a guaranteed success compared to Bitcoin. However, an important event on the horizon – the passing of the Clarity Act – could potentially ignite significant momentum for Ethereum.
During the “Crypto Week” when Congress is examining two bills, one of them, known as The Clarity Act, offers detailed instructions on how digital assets should be governed. At present, it’s anticipated that the regulatory approach will be quite advantageous, potentially allowing financial institutions to introduce a wider variety of cryptocurrency-related services. This could in turn boost demand for DeFi (Decentralized Finance), possibly increasing the value of Ethereum.
The one meme coin you should not buy
In the throes of a bullish market, I find myself, like many others, drawn towards progressively daring investments in search of those elusive, sky-high returns. This often translates into a fascination with meme coins – the riskiest and most speculative cryptocurrencies on the block. Towards the close of 2024, this trend repeated itself as the crypto craze reached fever pitch, prompting numerous purchases of meme coins.
It remains uncertain which meme coin will surge next, but it appears that Pudgy Penguins (PENGU), the meme coin stemming from the popular Pudgy Penguins non-fungible token (NFT) collection, could be the frontrunner. In the past seven days, Pudgy Penguins skyrocketed by up to 60%. This surge occurred following Coinbase Global (COIN) momentarily updating its social media profile picture to a Pudgy Penguin. Notably, crypto influencers and several crypto companies have expressed their backing for the meme coin, further fueling its momentum.
Previously, I’ve cautioned against investing in meme coins based on dogs. Now, my advice is particularly emphatic when it comes to penguin-based meme coins.
Buying priorities
When deciding on your next cryptocurrency investment, Bitcoin stands out as the top pick. Historically, it tends to excel during volatile market conditions, making it potentially beneficial even in times of anticipated market instability due to tariffs. Unlike Bitcoin, Ethereum and other alternative coins may not offer the same level of protection against market turbulence.
While there’s no certainty that Bitcoin will increase significantly over the next few months, some analysts like Bernstein and Standard Chartered have forecasted a potential price of $200,000 for Bitcoin. This means that Bitcoin might potentially double its value. If you’re open to taking on the risks associated with cryptocurrency investment, Bitcoin could serve as an excellent tool to boost your portfolio’s growth in 2025.
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2025-07-19 14:51