ChainCatcher news, according to The Block, after a market decline this Monday, Memecoins have started to rebound significantly, with the market capitalization of Solana-based Meme coins and cat-themed Meme coins showing notable growth in the past 24 hours.According to Coingecko data, the market capitalization of Solana-based Meme coins is currently $7.3 billion, having increased by 35.2% in the past 24 hours. Meanwhile, the market capitalization of cat-themed Meme coins has risen to $2.43 billion, growing by 41.8%.Among them, Dogwifhat is up 26%, Popcat is up 35%, Michi is up 30%, and Dogecoin, Shiba Inu, and PEPE have also increased by 3.9%, 2.6%, and 6.89%, respectively.

ChainCatcher news, according to The Block, JPMorgan analysts indicate that any rebound in cryptocurrency prices may be tactical (temporary and strategic) rather than the beginning of a lasting upward trend. They point out that Bitcoin's current price is around $67,500, which is high compared to its production cost of about $43,000 and the volatility-adjusted gold price (around $53,000).In a report on Thursday, JPMorgan analysts wrote that the difference between Bitcoin's price and JPMorgan's volatility-adjusted gold price "suggests mean reversion near the zero line, thereby limiting the potential for long-term Bitcoin price increases."The analysts reiterated that with the reduction in liquidation volumes after July, cryptocurrencies are expected to rebound starting in August. They noted that Bitcoin futures have recently performed poorly due to the liquidation of Gemini and Mt. Gox creditors, as well as the German government's sale of seized Bitcoins. The analysts stated that these liquidations may fade after July and expect Bitcoin futures to rebound starting in August, in line with the recent rise in gold futures.The analysts said, "We believe that momentum traders, such as commodity trading advisors, have played a significant role in driving gold futures. Gold's momentum signals surged into the overbought territory of last April in July."JPMorgan analysts indicated that Trump's potential re-election could benefit gold. The analysts stated that some investors believe Trump is more favorable to cryptocurrency companies and regulation than the current Biden administration. They added that Trump's potential trade policies could lead emerging market central banks, especially the People's Bank of China, to increase diversification investments in gold.