SPX Hits Record High as Meme Coins CULT & OSAK Explode 50% – Next Crypto Gems?
Wall Street's SPX flexes new all-time highs—while crypto's wildest gamblers chase 50% moonshots in meme coins CULT and OSAK. Who needs fundamentals when you've got vibes?
Meme Mania 2.0: Degens Back at It
Forget PE ratios—today's action is in tokens named after internet jokes. CULT and OSAK just ripped past 50% gains, proving yet again that crypto markets run on hopium and hair-trigger FOMO.
The SPX-Crypto Divergence
Traditional markets grind higher on corporate earnings while crypto's casino wing operates on pure meme magic. One's backed by trillion-dollar balance sheets, the other by Telegram hype and Elon Musk tweets. Place your bets.
Bonus Troll: At least meme coins are honest about being gambling vehicles—unlike some 'Web3 utility tokens' still pretending to build actual products.
SPX6900 (SPX)
- Launch Date – March 2024
- Total Circulating Supply – 930.99 Million SPX
- Maximum Supply – 1 Billion SPX
- Fully Diluted Valuation (FDV) – $1.71 Billion
- Contract Address – 0xe0f63a424a4439cbe457d80e4f4b51ad25b2c56c
SPX price has surged by 21.75% over the last 24 hours, reaching a new all-time high (ATH) of $1.84. At the time of writing, SPX is trading at $1.83, showing promising signs of further upward movement. The meme coin’s strong performance reflects growing investor interest and market optimism.
The Ichimoku Cloud, which lies beneath the candlesticks, signals that bullish momentum is currently prevailing for SPX. This technical indicator suggests that the altcoin could continue its ascent, potentially breaching the $2.00 level in the NEAR future. If the trend persists, SPX could set new price milestones.
However, if SPX experiences significant selling pressure from investors, the altcoin could face a correction. A drop below $1.55 WOULD indicate a shift in momentum and potentially erase some of the recent gains. A failure to maintain key support levels could lead to further downside risks.
Osaka Protocol (OSAK)
- Launch Date – July 2023
- Total Circulating Supply – 761.45 Trillion OSAK
- Maximum Supply – 1 Quadrillion OSAK
- Fully Diluted Valuation (FDV) – $144.01 Million
- Contract Address – 0xa21af1050f7b26e0cff45ee51548254c41ed6b5c
OSAK price surged 50.7%, reaching $0.0000001976, a 6-month high, and is currently facing resistance at $0.0000002101. The meme coin’s strong performance this month has been beneficial to investors, as July continues to provide profitable returns. OSAK’s momentum signals a continued uptrend with sustained investor support.
The 50-day EMA is showing an upward trajectory and could soon cross above the 200-day EMA, forming a Golden Cross. This technical indicator suggests strong bullish potential for OSAK, pushing it toward $0.0000002340. For this positive outcome, continued investor participation and support are crucial to maintaining upward momentum.
However, should investor sentiment shift, OSAK could experience a decline. A significant sell-off could lead to a drop below $0.0000001646, with the potential to fall further to $0.0000001349. This would invalidate the meme coin’s bullish outlook and shift the market sentiment to a more cautious stance.
Small Cap Corner – Milady Cult Coin (CULT)
- Launch Date – December 2024
- Total Circulating Supply – 43.44 Billion CULT
- Maximum Supply – 100 Billion CULT
- Fully Diluted Valuation (FDV) – $103.87 Million
- Contract Address – 0x0000000000c5dc95539589fbd24be07c6c14eca4
CULT, one of the top-performing meme coins today, ROSE by 47.6%, reaching $0.0010. This marks a 2-month high, and the token is close to breaking the $0.0011 resistance level. The price surge reflects strong market interest, positioning CULT for further gains if the momentum continues.
The Parabolic SAR indicator, situated below the candlesticks, suggests that the uptrend for CULT is likely to continue. If CULT breaches the $0.0011 resistance, it could quickly rise to $0.0012, marking a 4-month high. This positive technical setup signals potential for sustained growth in the short term.
However, caution is advised as one address holds over 57% of CULT’s circulating supply. This centralization raises concerns about the token’s vulnerability to large price swings, especially if the holder decides to cash out. A sudden sell-off could lead to a significant price drop, undermining the current bullish outlook.
