Andrew Kang of Mechanism Capital, a crypto venture fund, thinks meme coins have evolved and shouldn’t be considered lowly. In a post on X, Kang argues that meme coins are no longer a “last resort” investment but an emerging sector constantly attracting millions of investors. Investors Should Change Strategy? If anything, the analyst thinks, top meme coins like BONK, HONK, and others may spearhead the next market surge. For this reason, and considering the potential of meme coins, investors, the analyst said, should consider adapting their strategies or risk “dying.” Another observer on X endorsed this observation. Replying to the post, the analyst said meme coins have been driving the market for months. Top meme coins like PEPE and others from Solana and Ethereum layer-2 platforms have increased. Related Reading: Crypto Expert Says Market Has Begun A Macro Bullish Expansion – What This Means For Bitcoin And Altcoin Prices The fact that meme coin prices are defying gravity and cryptocurrencies are concurrently rallying suggests that they are no longer reliable indicators for calling tops. In the past, whenever there was a pivotal expansion of meme coin prices, most analysts interpreted the move as a signal that the crypto rally might end. However, this is rapidly changing. In this cycle, the analyst said meme coins are resilient and that there is an unconventional altcoin rotation, which means the landscape is changing. Meme Coins On Fire: Traders Raking Millions From PEPE, WIF While there are doubts about the sustainability of meme coins, considering they mostly lack utility and are speculative, top tokens, especially PEPE, outperform Bitcoin and Ethereum. Recently, PEPE soared to register fresh all-time highs, printing new crypto millionaires. Lookonchain data shows that after purchasing 6.1 million WIF for $5,879 in December 2023, one trader now holds $23.7 million worth of the coin. With this return, the trader posted an impressive ROI of 1,197x. The trader is not the only one. Another recently sold all their WIF holdings for $2 million worth of SOL. Lookonchain data notes that the trader has also profited from BONK and Boden. Platforms are also realizing the importance of tokens like BONK or HONK. Since they are speculative and without complex roadmaps, they attract new investors keen on exploring crypto and the multiple platforms in the space. Related Reading: Time To Stack Stellar (XLM)? Analyst Calls For Epic 500% Price Breakout Aware of the potential of this industry, the Avalanche Foundation recently launched the Memecoin Rush program. Accompanying their announcement, Eric Kang, BD Manager at Ava Labs, said meme coins have “become a cornerstone of Web3, representing the uniqueness and interests of diverse crypto communities.” Feature image from Canva, chart form TradingView
The post Shiba Inu Dominates Dogecoin In Whale Transactions: What’s Next For SHIB Price? appeared first on Coinpedia Fintech News
Shiba Inu has seen notable price fluctuations, challenging Dogecoin’s dominance. Beginning the year below $0.000010, SHIB surged over 450%, reaching a high of $0.000045 by mid-February. However, it remains 70% under its peak price from 2021. Recently, whale interest in SHIB has soared, even as Dogecoin shows bearish on-chain metrics. Analysts suggest that DOGE investors …
The post This May Spark a Fresh Upswing if Shiba Inu (SHIB) Price Manages the Break Out of These Levels! appeared first on Coinpedia Fintech News
The crypto markets appear to have a long-term impact on the events as the prices continue their usual trend of consolidation within a narrow range. Although the consolidation was followed by a brief upswing, the bulls appear to have been exhausted as the buying volume is below par. Amid the rising attention over memecoins, the …
Investor scores a 41,900% profit on SHIB, turning $2,625 into $1.1 million, amidst a fluctuating meme coin market.
The post SHIB whale realizes 41,900% profit after three years appeared first on Crypto Briefing.
Former US President Donald Trump has emerged as an unlikely champion of cryptocurrency, amassing a digital fortune exceeding $10 million. This meteoric rise coincides with a surge in the value of the MAGA coin, a politically charged meme coin named after Trump’s signature campaign slogan. Related Reading: From The Oval Office To The Dark Web: […]
America’s largest cryptocurrency exchange, Coinbase will list another round of cryptocurrencies for its perpetual futures contract, opting for meme coins this time around and featuring prominent tokens like Shiba Inu (SHIB), Bonk (BONK) and Floki (FLOKI). Coinbase Perpetuals To List New Meme Coins On May 24, Coinbase International Exchange announced that it will start offering […]
The post Shytoshi Kusama Hints at Potential SHIB ETF appeared first on Coinpedia Fintech News
Shytoshi Kusama, the lead developer of Shiba Inu, hinted at a possible SHIB ETF following the SEC’s approval of eight spot Ethereum ETFs on May 23. Kusama also congratulated Ethereum on achieving this milestone via the X platform and suggested that a SHIB ETF could be next in line. Additionally, he teased major future updates …
The post DOGE Whale Active After Over 10 Years appeared first on Coinpedia Fintech News
An ancient DOGE whale is back in the crypto market after more than a decade, garnering a lot of attention from the crypto community. The Whale owns an impressive 893,303 DOGE valued at $145,101 and has made a transaction for the first time since May 2014. The account was activated by a transfer of 23,338 …
Presidential candidate Kennedy Jr.
The post Meme supporter? Presidential candidate Kennedy Jr. buys $24,000 in GME stocks appeared first on Crypto Briefing.
Meme coins are outperforming in the market with robust trade volumes and returns, despite a general downturn in crypto assets in the past few days.
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The post Pro Crypto Analyst Predicts Significant Decline for Memecoin PEPE and Other Altcoins appeared first on Coinpedia Fintech News
A leading analyst, accurate in the prediction of the 2023 Crypto Breakout, DonAlt, has made a bearish prediction on the memecoin Pepe and other altcoins. In a most recent analysis from the social media platform X, DonAlt warned that PEPE might face declines so huge after a fake breakout to new ATHs. False Breakout Signals …
The post Here is What’s Next for Pepe (PEPE) Price Rally: Will it Reach $0.000015 This Week? appeared first on Coinpedia Fintech News
The Pepe price is rising again! Memecoins, along with other popular altcoins, are gaining traction as the BTC price maintains an upward trend. After breaking above the bullish pattern, the PEPE price is following a consolidated upswing, forming consecutive higher highs and lows. This suggests the price is prone to extended bullish action, provided the …
The post K9 to Burn 410M KNINE Tokens in Tribute to Vitalik Buterin’s SHIB Burn appeared first on Coinpedia Fintech News
In a recent X post, K9 disclosed plans to burn 410M KNINE tokens to honor Vitalik Buterin’s massive SHIB burn in 2021. An impressive 81.66% of the votes supported the proposal to burn 410M KNINE, while the remainder opposed the initiative. Notably, the K9 team will send 410M KNINE tokens to a dead blockchain wallet …
Pump.fun exploit leads to a loss of 2,000 SOL from Solana's meme coin marketplace, with the attacker leveraging flash loans.
The post Pump.fun hit by exploit, nearly 2,000 SOL stolen appeared first on Crypto Briefing.
Pepe (PEPE) has recently grabbed the headlines, having hit a new all-time high (ATH) this week. The meme coin has also drawn the attention of crypto whales who have accumulated the crypto token lately. Whales accumulating the meme coin will suggest that now might be a good time to buy PEPE, but that might not be the case. Crypto Whales Buy 720 Billion PEPE Tokens On-chain analytics platform Lookonchain recently drew the crypto community’s attention to a whale who purchased 520 billion PEPE from the crypto exchange Binance. This move might, however, have been motivated by the fear of missing out (FOMO), as Lookonchain noted that this trader hasn’t always made the smartest investment moves, having lost $6.1 million so far. Related Reading: Bitcoin Long-Term Holders Buy The Blood, Snatch Up 70,000 BTC Meanwhile, on-chain data shows another whale who bought over 200 billion PEPE tokens through the trading firm Cumberland. Irrespective of their intention, crypto whales accumulating a crypto token usually paints a bullish outlook for the coin in question. Based on this, crypto investors will usually assume that this is an excellent time to buy the meme coin in expectation of further price surges. However, this might not be a good time to buy, as data from IntoTheBlock suggests that a price dump may be imminent for PEPE before it makes another move to the upside. The market intelligence platform revealed that 100% of PEPE holders were in profit thanks to the meme coin hitting a new ATH. Given such development, many of these holders are expected to book profits from their PEPE investment, leading to a wave of sell-offs that could negatively impact the meme coin’s price. Therefore, those looking to invest in PEPE right now may be better off waiting for PEPE to bottom out from this selling pressure before purchasing the meme coin. Still Has Enough Bullish Momentum To Go Crypto analyst and trader Rachid Crypto recently highlighted several factors that suggest that PEPE has yet to reach its peak. The analyst noted that the “mega meme cycle” and altcoin season are yet to begin. These are events that could still spark a further rally in the meme coin’s price. Related Reading: How High Can The XRP Price Go? Crypto Analyst Unveils 6-Month Prediction Furthermore, PEPE is yet to be listed on major crypto trading platforms like Coinbase and Robinhood. That means there is still a lot of liquidity that could flow into the meme coin’s ecosystem. PEPE’s price will likely enjoy an upward trend whenever these trading platforms decide to list the meme coin. Meanwhile, Rachid Crypto also stated that Ethereum will surpass its ATH, meaning that PEPE’s price will benefit from ETH’s run when this happens. PEPE’s price is known to have some correlation with Ethereum’s and will most likely enjoy a significant rally as Ethereum’s price picks up. At the time of writing, PEPE is trading at around $0.00001056, down over 5% in the last 24 hours, according to data from CoinMarketCap. Chart from Tradingview.com
The post SHIB Whales Make Major Move Of 3 Trillion SHIB to Robinhood appeared first on Coinpedia Fintech News
A recent tweet from Whale Alert revealed that an anonymous whale moved a staggering 3 trillion SHIB, worth $75 million, from an unknown wallet to Robinhood. SHIB whales have been highly active this week. Previously, Cumbersome transferred 144 billion SHIB meme coins to Coinbase, and before that, 50.36 billion Shiba Inu were deposited to OKX. …
The post SHIB Price Jumps 8.8% as ShibaSwap Launches on Shibarium Blockchain appeared first on Coinpedia Fintech News
SHIB’s price shot up by 8.8% over the last 24 hours as the DEX associated with Shiba Inu, ShibaSwap, went live on the Shibarium blockchain, an Ethereum layer 2 built by the SHIB token team. The developers emphasized that the increased use of the Shibarium blockchain for transactions will result in a faster burn rate …
Well-known cryptocurrency expert and enthusiast Dami Defi has offered his insights on the price action of Shiba Inu, predicting a surge in the crypto asset as the Meme coin market sees a fresh wave of demand. Given the optimism around meme coins lately, Dami Defi is confident that Shiba Inu could rise by over 50% shortly. Shiba Inu Price Could Rise By 20% Shiba Inu (SHIB) has become one of the leading meme coins, attracting positive outlooks from several analysts in the crypto space today. Even though Shiba Inu began the week on a negative note, Dami Defi believes the meme coin can potentially surge in the short term. Related Reading: Crypto Analyst Predicts 350% Surge For Shiba Inu – Here’s The Target According to Dami Defi, the digital asset’s price has formed a descending wedge pattern in the 1-day timeframe. Should SHIB break out of this falling wedge pattern, Dami Defi anticipates an over 50% surge in Shiba Inu’s price. This 50% increase will take the crypto asset from its present price to the $0.000035 level. The analyst predictions align with Ali Martinez’s forecast, highlighting that the digital asset’s price is moving in a descending parallel channel. While Dami Defi anticipates an over 50% price surge for Shiba Inu, Martinez expects the crypto asset to rise by over 20% in the short term. Martinez’s anticipated 20% increase will take the crypto asset from the $0.00002444 price to the $0.00002954 level. Martinez appears bullish on Shiba Inu, as he had predicted the asset to reach $0.000072323. He highlighted that SHIB on the daily chart seems to be forming a bull flag, indicating an impending movement on the upside. Due to this, the expert opened trade at around $0.000018343 in hopes of a strong breakout that will take Shiba Inu to $0.000072323. Martinez’s prognosis, fueled by March’s rally, indicates that SHIB’s value may rise even further, providing investors in this thriving and active sector of the cryptocurrency market with a positive outlook for the meme coin. SHIB Predicted To Repeat 2021 Price Trend Or Even Better Shiba Inu’s marketing head, Lucie, delved into the memecoin’s price action. Lucie claims that during October 2021, SHIB, with no burns and no significant adoption at the time, witnessed a surge from $0.000007 to $0.000088 in just a matter of days, indicating an over 1,100% rise. Related Reading: Shiba Inu Price Prediction: Crypto Analyst Says Massive Surge Is Coming, Here’s The Target With the massive burns and widespread seen today within the SHIB ecosystem, Lucie might be suggesting the potential for the asset to reiterate this move or even further in this bull cycle. If this trend repeats, SHIB’s price might reach $0.00025 in this bull cycle. Lucie also underscored the consistent support by SHIB’s robust community and strong Shibarium ecosystem since 2021, which might also catalyze Shiba Inu’s growth. At the time of writing, SHIB was trading at $0.00002366, demonstrating an increase of over 4% in the past week. Despite the price rise, its market cap has been down by 2.59%, while its trading volume has been up by 1.79% in the past day. Given the momentum in the meme coin market, SHIB may be able to see more gains in the coming months. Featured image from iStock, chart from Tradingview.com
Dog-themed floki (FLOKI) zoomed 12%, the highest among the top 50 tokens by market capitalization, while pepe (PEPE) jumped 5% to a new lifetime peak.
The post Floki Inu Goes Live on Revolut Business, Expanding Reach in Europe appeared first on Coinpedia Fintech News
The Floki Inu team took to X to announce that FLOKI is now live on Revolut Business. The Revolut Business listing is set to make Floki Inu accessible to millions of European businesses. It will accelerate FLOKI’s vision of becoming the world’s most well-known and most used cryptocurrency. Revolut is the biggest neobank and retail …
The layer-3 blockchain for meme coins was offline for over 50 hours.
The post GameStop Crypto Soars Over 350% in 24 Hours, Boosting Stock Price appeared first on Coinpedia Fintech News
GameStop Crypto, a Solana-based meme coin, witnessed a price rally of over 350% in the past 24 hours, which also sparked a rally in GameStop stock’s price. According to official statements by HTX and Bitget, the GMD token is set to be listed on these platforms, with the listing process on HTX already underway. Blockchain …
Roaring Kitty, the infamous trader who was embroiled in the GameStop case in late 2020, has made a cryptic comeback message on X, resulting to the 500% surge of a Solana-based memecoin.
The post Legendary trader Roaring Kitty posts comeback meme, Solana meme coin $GME soars 500% appeared first on Crypto Briefing.
The memecoin “Jeo Boden” has taken the crypto world by storm, riding on the back of a lukewarm comment from former US President Donald Trump. The whimsical cryptocurrency, a playful misspelling of President Joe Biden’s name, experienced a huge increase after Trump mentioned it at an NFT event in Florida. What was once a subject of amusement has now become a serious investment, as Boden surged 20% following Trump’s offhand remark. Related Reading: $20 On The Horizon For XRP? Unpacking A Potential 650x Surge And What It Means Trump Rally Or Fleeting Frenzy? Analysts Divided The cryptocurrency community has been divided over the impact of Trump’s mention of Boden. Some analysts, such as Samantha Wilkins, believe that any mention from a prominent figure like Trump is positive for the memecoin. They contend that Boden has shown to be a tenacious and astute investment, and that the excitement around it has only grown as a result of Trump’s remark. Trump Speaks on $BODEN at NFT Event “That’s a Lotta Money for a Coin, I Don’t Like That Investment” Audio Source: @realDannyNelson pic.twitter.com/8NcpuCc6ZI — db (@tier10k) May 9, 2024 However, some experts remain skeptical. They caution that Boden’s value is built on hype rather than utility, making it susceptible to swift market shifts. A single negative tweet from Trump or a change in market sentiment could cause Boden to come crashing down as quickly as it rose. Will Trump Re-Boden The Market? Adding another layer of intrigue to the Boden saga, the prediction platform Polymarket has created a contract speculating on the likelihood of Trump mentioning the memecoin again before July. Currently, the contract’s “yes” shares are trading at $0.05, indicating an 11% chance that Trump will utter the word “Boden” in the coming months. Source: Polymarket This unique situation presents an unusual scenario where the value of a memecoin hinges on the whims of a former president. If Trump revisits Boden in a future speech or tweet, it could trigger another surge in price. However, if he remains silent, the current hype surrounding Boden may fizzle out, leaving investors holding a depreciating digital punchline. Jeo Boden is currently trading at $0.2799. Chart: TradingView Boden: A Gamble On Speculation The rise of Boden serves as a cautionary tale for memecoin enthusiasts. While these tokens can offer explosive returns, their value is often tied to fleeting trends and external factors beyond their control. With the enigmatic Trump as a wildcard influence, the future of Boden remains uncertain. Related Reading: XRP All Talk, No Action? Social Media Booms, But Price Stuck In The Bear Pit Investors eagerly await the next chapter in this bizarre crypto story, as the saga of Boden continues to unfold. It is a gamble on speculation, where the coin’s value dances on the edge of uncertainty. The Boden phenomenon highlights the unpredictable nature of memecoins and the risks associated with investing in such volatile assets. Featured image from Reddit, chart from TradingView
The post Smart Money Player Invests In PEPE, FTM And MKR; Price Recovery Expected appeared first on Coinpedia Fintech News
A Smart Money player has shifted his focus toward the PEPE coin and other major cryptos, a strategic move that might signal potential price recovery. Insights from lookonchain reveal a notable allocation to Pepe coin along with Fantom and Maker which might be a calculated bet on the potential rise of the selected cryptos. On …
Jupiter Zhang from HashKey Capital underscores the need for fundamental analysis in the high-return meme coin market for sustainable investing.
The post Meme coin traders can benefit from fundamental analysis, says HashKey Capital’s Jupiter Zhang appeared first on Crypto Briefing.
Asset manager VanEck has made an entry into the meme coin space with the launch of an index that will track the performance of the foremost meme coins. This is undoubtedly a signifcant development considering the wider adoption these tokens could enjoy as a result of this. What VanEck’s Meme Coin Index Is About VanEck’s […]
Discover which countries lead the global interest in small cap crypto, with the US, UK, and Philippines at the forefront of onchain DEX activity.
The post US tops global interest in meme coins: CoinGecko report appeared first on Crypto Briefing.
Shiba Inu's layer 3 blockchain aims to pioneer decentralized finance with a strong community backing, according to Cypher Capital Chairman.
The post Shiba Inu’s layer 3 blockchain set to power up blockchain real-world utility: Cypher Capital Chairman appeared first on Crypto Briefing.
Kaiko's analysis reveals meme coins like Pepe (PEPE) and Dogwifhat (WIF) lead in leverage use among altcoins traders.
The post Meme coins dominate altcoin leverage, Kaiko reports appeared first on Crypto Briefing.