Crypto valuations, particularly Ethereum (ETH ▲1.88%), rose significantly on Sunday, adding over $82 billion to push the market to $3.87 trillion. However, despite the excitement, trading volumes saw a sharp decline, decreasing by 25.98% over 24 hours to reach $165.52 billion.

The overview reveals that BTC and ETH are becoming significant holders of value, extracting from other assets until they are fully depleted. Meanwhile, an upcoming crypto presale is projected to MOON this week if favorable trade deals occur between Trump and the EU. More details below:

Market Surge

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Bitcoin and Ethereum: Can Total Crypto Market Cap Continue Rising?

Bitcoin reached $118,252.81 on Sunday with a gain of 0.62%, maintaining a market dominance of 60.4%. While not dramatic, this stability and a mild RSI around 71 suggest good potential for BTC this week.

Ethereum likewise made progress, achieving a 1.16% rise to $3,788.80, holding 11.7% of the market cap and indicating a potential rotation toward altcoins.

Several lesser-known tokens had outstanding performances today:

• $SWOL surged by 1698.40% to $0.0001222.
• $AUTO increased by 876.31%, reaching $18.86.
• $SQUID rose by 414.80%, climbing to $0.001020.

Such explosive gains often raise sustainability concerns, but these trends are indicative of aggressive speculative activity in lower-cap assets.

Snorter Launches Snout First – Will It Be August’s Best New Memecoin?

Snorter Token

As Trump takes a stronger position as crypto’s most bullish political ally, and with discussions of favorable agreements with the EU, the memecoin sphere anticipates a surge with Snorter ($SNORT) expected to lead. With a $2.2 million presale and a Telegram-based sniper bot, it’s drawing attention from analysts at 99Bitcoins.

The Snorter trading bot is designed for speed by automating trades and simplifying the process for users.

Moving toward Web3 social media platforms like Twitter, Truth Social, and Telegram, the $TON token appears to be a potential leader. Analysts at 99Bitcoins also view Telegram utility bots like Snorter as early indications of what might initiate the next bull market phase.

In testing, Snorter has effectively flagged 85% of malicious contracts thanks to MEV-resistant relayers, making it an enjoyable entry in the meme token market.

SNORT Some SNORTER Token Today.

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Key Takeaways

• The overarching scenario is that BTC and ETH are acting as gravitational wells for value.
• The shift in attention toward Web3 social media highlights the potential of $TON to thrive.