The latest US ADP National Employment Report showed a weaker-than-expected job growth, projecting a slower economic expansion and possible rate cuts, per Nansen's Aurelie Barthere. This scenario could potentially fuel a positive momentum for crypto markets, particularly as other economic indicators like retail sales and Q1 GDP also depict a moderating growth pace. Additionally, developments such as the approval of a spot Ethereum ETF and the forthcoming European Parliament elections may further influence the crypto landscape, creating a favorable environment for altcoins and possibly inciting a "meme coin summer."