Global #crypto market

Once again, meme coins are dominating the narrative as the crypto market enters the second phase of the bull cycle, overshadowing even Bitcoin's return to the $71,000 range.

Despite Nvidia's strong first-quarter earnings report, the prices of AI-related cryptocurrency tokens experienced a brief downturn, defying expectations of crypto traders.

Polygon, the Ethereum scalability solution addressing the network's scalability challenges, has reached a significant milestone: 4 billion total transactions. This accomplishment stands out, especially considering that the network was launched merely four years ago in June 2020.

Avalanche has been grappling with a persistent struggle to break through its price range, fluctuating between $30 to $39 for several weeks. As of the current writing, the price of Avalanche (AVAX) sits at $34.98, accompanied by a market cap of $13,366,945,544.

Bitcoin miners are beginning to experience pressure as they adjust to halved rewards following the halving event. While there was a temporary relief due to a surge in network fees, the subsequent decrease in transaction fees is now exacerbating their financial challenges.

The overall cryptocurrency market has experienced a resurgence, reigniting optimism for an altcoin rally. Leading this resurgence are meme coin, with Pepe (PEPE) notably making significant gains in the past day, surging by nearly 20%