Crypto fear and greed increases as investors turn to Vanguard
Crypto investors are getting greedy as Bitcoin and other meme coins continue their strong bull run. The crypto fear and greed index has moved into the high greed zone of 85, a trend that is likely to continue in the coming weeks.
Bitcoin rose above $93,000, solidifying it as the best-performing asset in the past 15 years. Similarly, Ethereum and Solana jumped to $3200 and $215 respectively.
Meanwhile, investors turned away boastfulIt's one of the fastest-growing token sales of the year, raising nearly $1 million in the past few weeks.
Donald Trump and the Federal Reserve
Donald Trump and the Fed are the main reasons why the crypto fear and greed index moved into the green zone.
Donald Trump won last week's election by a landslide, making him the first crypto-friendly president of the United States. He owns more than $6 million worth of crypto tokens and is also raising money for the World Freedom Finance project.
So Trump is expected to appoint regulators friendly to the crypto industry, which will be a breath of fresh air for an industry that has struggled under Gary Gensler. During King's tenure, Gensler sued several companies such as Ripple Labs, Immutable X, Uniswap and Kraken.
The Federal Reserve has contributed to the ongoing crypto rally. It has already cut interest rates twice this year, and analysts expect the process to continue. In most cases, riskier assets such as cryptocurrencies and stocks do well when the Fed cuts rates.
The Vanguard token sale is booming.
The ongoing crypto bull run explains why investors are piling into Vantard, an upcoming crypto project that is raising funds from investors.
Vanguard is inspired by the Vanguard Company, whose assets have grown to more than $8 trillion over the past few decades. The goal is to create the first meme coin index fund that tracks the best tokens in the industry.
Considering that meme coins are some of the best performing assets this year, this is a good goal. For example, Dogecoin jumped more than 102% in the last seven days, Pepe, Dogwhiphat, Bonk and Floki rose more than 70% in the same period.
Analysts believe that meme coins will continue to perform well in the coming months. In a statement today, VanEck's Matthew Siegel predicted that Bitcoin would jump to $180,000 by 2025. His case rests on technical and fundamental issues, which he believes are strong.
One of the main ones is the ongoing Bitcoin ETF earnings. These funds now hold over $95 billion in assets, with iThe Bitcoin ETF shares more than $42 billion.
So, if these predictions are correct, it means that other meme coins will do well. In most cases, meme coins grow when Bitcoin is on a strong run. You can buy Vanguard tokens. over here.