📊 With so many crypto market caps surging in the past 24 hours, it is Bitcoin, Solana, and Mew that are standing out.

🗣️ BTC focus is primarily about surpassing a new 25-day high
🗣️ SOL focus is due to the recent launch of the Solana Seeker smartphone, already selling 140K units
🗣️ MEW focus is about its listing on Upbit and recent airdrop events traders have been excited about

📈 Crypto has surged over the past 24 hours with traders increasingly becoming optimistic that markets can thrive under the Fed's new rate cuts.

Watch for positive vs. negative sentiment on social media to see how bullish the crowd gets. Markets can roll until we see a bullish sentiment spike similar to what we saw during the April 19th and May 21st tops.

📈 Cryptocurrencies are on an impressive upswing following a groundbreaking US Fed decision to cut interest rates for the first time since March 15th, 2020.

The social expectations from the crowd will have a dramatic impact on where we go from here. With Bitcoin reaching as high as $62.2K today, watch as different price levels are speculated across social media. When we see:

🔵 $50K-$59K mention spikes: Crowd getting fearful, a bottom is more likely
🔴 $60K-$69K mention spikes: Crowd is neutral, ranging and unpredictability is more likely
🟡 $70K-$79K mention spikes: Crowd getting greedy, a top is more likely

We will see some short-term celebrating over BTC's cross back above $60K, but once prices go flat, the trend from the crowd will dictate which direction crypto's top asset (and altcoins) will go next. 👍

📈 Altcoins are showing signs of a breakout following the US Fed's decision to cut interest rates by 50bps. Fantom (+11%) and Sui (+8%) are notable assets seeing mini surges.

Meanwhile, assets with rising whale transaction numbers include: STG, GMX, BIGTIME, OGN, GALA, & PIXEL.

📊 #349 market cap STPT saw a massive +47% pump Sunday, and on-chain behavior went bananas shortly after.

Typically, these spikes in address activity and whale transactions suggest profit taking from key stakeholders, considering their timing in the first hours after the price surge. We see extremes like this often with altcoins outside the top 100 ranked market caps in crypto.

Watch for another spike in STPT on-chain activity as a clear signal that a bottom has arrived, and a second bounce will be likely. 👀

🧑‍💻 Here are the top 15 cryptocurrency blockchain ecosystems by their level of github events, along with their growth in the category over the past year. This list is based on each ecosystem's amount of 'pure' development activity events, rather than just 'commits':

📈 1) Ethereum Ecosystem: +0.8% Year-Over Year 🥇
📈2) BNB Chain Ecosystem: +3.0% 🥈
📉3) Polygon Ecosystem: -1.6% 🥉
📈4) Cosmos Ecosystem: +7.9%
📈5) Arbitrum Ecosystem: +11.6%
📈6) Optimism Ecosystem: +39.3%
📈7) Avalanche Ecosystem: +16.6%
📈8) Harmony Ecosystem: +5.9%
📈9) Polkadot Ecosystem: +1.8%
📈10) Solana Ecosystem: +12.1%
📈11) Osmosis Ecosystem: +10.7%
📈12) Cardano Ecosystem: +16.3%
📈13) Gnosis Ecosystem: +2.4%
📈14) Fantom Ecosystem: +31.7%
📈15) Near Ecosystem: +2.6%

Check out our full article about how we calculate github events here!