THE LATEST CRYPTO NEWS

User Models

Active Filters
# memecoins
#bitcoin #crypto #shiba inu #digital currency #shib #memecoins #cryptocurrency market news

Shiba Inu (SHIB) is stirring up excitement again. The meme-based cryptocurrency has seen bullish momentum lately, grabbing the attention of investors and analysts alike. But is this rally sustainable, and could SHIB really soar to the heights some experts are predicting? Related Reading: Cardano To Hit $10? Analyst Thinks It’s Happening This Cycle Crypto analyst Javon Marks thinks so. He just recently published insights suggesting SHIB may be targeting $0.000081, a massive 179% jump from where it is today. The market has been very unpredictable, but Marks said that this breakout is a sign of strength. Is this enough to keep SHIB in the spotlight? Bullish Signals Shine Bright Recent success by Shiba Inu in closing above important resistance levels has revived expectations for more gains. Technical successes along these lines are suggestive of good buy order accumulation. When SHIB continues on this trend, then reaching the $0.000081 target is not very far-fetched. $SHIB (Shiba Inu), after recently confirming another bull pattern, looks to be further joining the bull show as prices are now showing signs of MAJOR STRENGTH! With holding breakouts implying that $0.000081 target to still be in play, these prices can be subject to another… https://t.co/CKpxZb7CMh pic.twitter.com/lu2QT5FzEg — JAVON⚡️MARKS (@JavonTM1) December 1, 2024 At the time of writing, SHIB was trading at $0.00003061, which is an increase of 13% in the last 24 hours. That is no small achievement in a volatile market. According to analysts, for SHIB to keep on moving upward, maintaining support levels will be of prime importance. It is not about breaking resistance; it is also about staying above it. Recent Setbacks And Market Volatility However, not all has been smooth sailing. SHIB saw a slight pullback recently, dropping to $0.000029 after losing 6% in a single day. This decline mirrors a broader market slump, with the total crypto market cap shrinking by 6%. Even against Bitcoin, SHIB stumbled, recording a 4% loss. With these fluctuations, one can see the risks that crypto trading poses. Investors should wait for clear breakout confirmations and keep an eye on broader market trends. Short-term price movements are always misleading, so patience is key. The Road Ahead For Shiba Inu Beyond price movements, there are strategic moves made on the part of Shiba Inu to evolve its ecosystem. Developers are working on advanced integration of blockchain technologies to boost utility. Smarter contract platforms can transition it from a mere meme coin to a valuable tool for decentralized applications (dApps). The whole shift might attract long-term investors to look for more than speculative gain. Related Reading: As Bitcoin Nears $100,000: “Don’t Be Left Behind,” Robert Kiyosaki Says Meanwhile, as the memecoin’s journey to $0.000081 is ambitious, the short-term to medium-term performance of Shiba Inu is quite robust, showing a 109% increase in the last three months. If the bullish trend is sustained and it takes advantage of the technology involved, even the critics will be surprised. For now, it is all about watching the key price levels and navigating through the volatile crypto waters. As always, investing in SHIB – or any crypto for that matter – carries risks, but the potential rewards continue to captivate many. Featured image from DALL-E, chart from TradingView

#technology #market #memecoins #featured

Enron Corporation has announced its relaunch to tackle global energy challenges by leveraging technology and adaptability for sustainable solutions, according to DB News. The company teased the launch of a “token or coin” in the future but confirmed that nothing had been launched “yet”. The company plans to invest in renewable energy infrastructure, advanced energy storage, […]
The post Enron is back to launch crypto token focused on solving the energy crisis appeared first on CryptoSlate.

#crypto #shiba inu #altcoins #memecoins #crypto news

A meme coin is giving its community members something to look forward to during this yuletide season, filling the air with excitement as the year end draws near. Shiba Inu gave crypto investors a teaser that the token is preparing for a giveaway event to its members during the Christmas season. Related Reading: Peter Schiff […]

#solana #uniswap #circle #memecoins #token launch #pump.fun #equity sale

The private market platform says $15 million in Pump.fun equity is for sale.

#bitcoin #crypto #cryptocurrency #cryptocurrency news #memecoins #crypto bull run #crypto news #cryptocurrency market news #crypto bull run 2024 #crypto bull run 2025

In a thread on X, crypto researcher Alex Wacy (@wacy_time1) shared 15 eye-opening insights about the current bull cycle with his 183,000 followers. Wacy’s analysis covers a range of topics from Bitcoin dynamics to emerging technologies like AI and DePIN (Decentralized Physical Infrastructure Networks). Here’s a detailed look at his revelations. #1 Bitcoin Season Is Memecoin Season “When Bitcoin rises, people often buy memecoins en masse, which positively affects their prices,” Wacy observed. In contrast to the previous bull run, capital flows directly in the most high-risk sector of crypto. The surge in Bitcoin’s price tends to trigger a ripple effect in the memecoin market, leading to significant price appreciations for these tokens, leaving out more fundamentally strong altcoins. #2 Long-Term Bitcoin Holders Are Selling Aggressively Wacy highlighted a notable sell-off among long-term Bitcoin holders. “They have already sold nearly 730,000 BTC over the month,” he noted. Interestingly, US spot ETFs are absorbing about 90% of this selling pressure, playing a crucial role in stabilizing the market. #3 Solana Above $500 May Be A Reality “Even when the memecoin era comes to an end, AI and DePIN projects’ developers continue to opt for Solana,” Wacy pointed out. With the massive attention on memecoins, AI, and DePIN narratives, Solana is still the leading ecosystem which will eventually push SOL’s price above $500. Related Reading: 9 Crypto Predictions For 2025: Nansen CEO Forecasts Biggest Bull Run Ever #4 Blockchain-Based AI Agents Are Still Undervalued “AI agents are already making their mark in the real world. However, AI built on blockchain offers greater decentralization and privacy,” Wacy stated. He suggests that blockchain-based AI projects have untapped potential and are currently undervalued in the market. #5 Ethereum Is Set to Rise Ethereum’s open interest has surpassed its previous all-time high, exceeding $13 billion—a growth of over 40% in the last four months. This surge indicates increased investor interest and could signal a significant upward movement in Ethereum’s price. “Ethereum is set to rise,” Wacy predicts. #6 Most Ethereum Layer 2s Will Fail Wacy expresses skepticism about the proliferation of Ethereum Layer 2 solutions. “The most promising L2s at the moment are Base and Mantle,” he commented. He warned that unless the Ethereum Foundation develops “a concept of L2 hubs,” 90% of L2 chains might not survive the next bear cycle. #7 Trendy Technologies Will Succeed “AI, DePIN, and RWA are the future. At least that’s how retail sees it, so keep an eye on these trends,” Wacy advised. According to him, investor’s core capital should only be invested in these three most powerful narratives in the ongoing bull run. Related Reading: From Bitcoin to Altcoins: Crypto Inflows Hit Record $3.1 Billion, Led by Spot ETFs #8 Non-Key Narratives Are Great For Speculation Wacy highlights the speculative potential in less mainstream sectors like Decentralized Science (DeSci). “While it may be less popular, it has been and will continue to be well-pumped,” he remarked, indicating opportunities for more high-risk averse investors. #9 Quantum Crypto Is Gaining Attention “Quantum stocks have surged over 1000% in just one month,” Wacy noted. He suggests that investors should monitor quantum-related crypto projects, as this sector may experience significant growth in the upcoming months. #10 Exercise Caution With Market Sentiment “Take what people say here with a grain of salt. They’re often too bearish during dumps and too bullish during pumps,” Wacy warned. He recommends critical analysis of market sentiment indicators, which can be misleading during extreme market conditions. #11 Timing Is Crucial For Offloading Altcoins “When you consider offloading your altcoins and everyone labels you an absolute idiot, that’s your cue for the best moment to cash out,” Wacy suggested. Contrarian strategies might offer optimal exit points for altcoin investors. #12 Valuing Insights From Crypto Analyst Cobie “I think Cobie knows something a little more about this market than we do,” Wacy said, referring to well-known crypto analyst Cobie (@cobie). He advises listening to Cobie’s who famously stated earlier in this crypto bull run that investors should focus 70% of their capital in cat themed memecoins, 20% in other animal memecoins and only 10% in all other coins for maximum profit. #13 Traditional Market Rules Still Apply “Even though this cycle differs greatly from previous ones, altcoin growth remains heavily reliant on Bitcoin dominance,” Wacy observed. Despite new market dynamics, Bitcoin continues to be the most important influence over the broader crypto market. #14 Market Cycles Remain Unchanged “The market is a cycle. Today it’s memes, tomorrow it’s technology, and the day after, regulations. Cycles have never been canceled. Remember that,” Wacy emphasized. Understanding the cyclical nature of markets can help investors navigate volatility. #15 Strategic Investment Considerations “Some people might benefit more from seeking dips in alpha plays, rather than attempting to catch another risky beta play. Reflect on it,” Wacy concluded. He encourages investors to focus on high-quality investments with strong fundamentals instead of chasing high-risk opportunities. At press time, Bitcoin traded at $94,875. Featured image created with DALL.E, chart from TradingView.com

#ethereum #solana #web3 #metamask #ai ethics #memecoins #crypto risks

MetaMask co-founder Dan Finlay’s memecoin experiment highlights Web3’s struggles with consent, trust and investor expectations.

#scams #social media #zachxbt #memecoins #pump.fun #scammer

An investigation by ZachXBT linked addresses associated with a former professional Fortnite player and cybersecurity analyst to several high-profile account takeovers. 

#binance #solana #cz #btc #sol #crypto market #solana memecoins #memecoins #btcusdt #crypto news #memecoin mania #changpeng zao #pump fun #total #memecoin frenzy #binance co-founder

Memecoins have been the top narrative of this cycle, bringing in millions of dollars in revenue to platforms like Pump.fun and generating massive profits for crypto investors. However, many consider that the frenzy around these tokens has taken a concerning turn as the cycle progressed, with figures like Changpeng Zhao urging for projects with ‘real’ […]

#dogecoin #doge #crypto etfs #memecoins #dogecoin etf #valour

The ETP will trade on Sweden’s Spotlight Stock Market, offering investors' access to the world's largest memecoin.

#binance #changpeng zhao #people #memecoins

Binance founder Changpeng Zhao has shared concerns over the growing hype surrounding memecoins while urging to develop more utility-driven tokens. In a Nov. 26 post on X (formerly Twitter), Zhao acknowledged the popularity of memes but expressed unease over their current direction, describing them as “a little weird.” According to him, most memecoins lack real-world […]
The post Binance founder Changpeng Zhao notes ‘weird’ memecoin mania, urges utility innovation appeared first on CryptoSlate.

#binance #changpeng zhao #dogecoin #shiba inu #crypto market #memecoins #blockchain applications

Changpeng Zhao urges the crypto world to prioritize real blockchain solutions over memecoins, highlighting the shift in market dynamics.

#bitcoin #crypto #meme #memecoins #crypto news

A recent report showed the troubling reality of the relationship between memecoins and social media influencers on X (formerly Twitter), revealing a high failure rate. The study conducted by Coinwire found that two-thirds of cryptocurrency influencers on X have promoted memecoins that are now worthless. Related Reading: FIFA And Mythical Games Deal Highlights Role Of […]

#crime #tokens #memecoins #pump and dump #pump.fun

A legal expert says Pump.fun’s extreme livestream content involves threats, scams and illegal behavior that can open up criminal investigations and civil lawsuits.

#crypto #memecoins

Solana-based memecoin launchpad Pump.fun paused its live stream feature indefinitely to tackle rampant inappropriate activity on the platform, according to a Nov. 25 statement. Pump. fun’s team said that it has been moderating harmful content, recently doubled the size of its human moderators, and is investing in automated moderation systems. However, the platform s as […]
The post Pump.fun disables livestream feature amid community backlash over NSFW launches appeared first on CryptoSlate.

#adoption #memecoins #featured

Pump.fun, the decentralized memecoin generation and promotion platform on Solana, is experiencing a rise in live-streaming NSFW content as memecoin creators incorporate adult-themed material into their tokens. The platform, launched in Jan. 2024, enables users without coding skills to create and trade memecoins swiftly, contributing to its rapid growth. Per a CryptoSlate analysis, creators on […]
The post Solana memecoins turn to NSFW content as Pump Fun livestreams resemble adult webcam site appeared first on CryptoSlate.

#cardano #liquidations #polkadot #long #short #coinglass #sandbox #memecoins #miles deutscher

Dogecoin, XRP, Stellar and Sandbox saw a larger liquidation share than usual as some top altcoins from the 2020-2021 cycle soared as high as 50%.

#finance #news #coinbase #phantom #memecoins

Phantom, a crypto wallet with a steeper learning curve, is way ahead of exchange giant Coinbase in the Apple App Store rankings.

#defi #solana #gary gensler #sol #spot etf #altcoins #memecoins

Solana prices have surged a whopping 11% on the day returning to their all-time high last visited three years ago. 

#bitcoin #crypto #digital currency #memecoins #pepe #cryptocurrency market news #joke coin

A prominent player has dominated the limelight in the crypto circle by buying more than 105 billion PEPE tokens at a cost of $2 million. The token has fluctuated wildly over the course of the last several months and this particular exchange on November 20, has caused significant interest due to its enormity and the prevailing market tendencies. Related Reading: Upbit Listing Sends BONK Skyrocketing 67% For A Fresh ATH In Memecoin Mania Investor Confidence In The Face Of Volatility A bold move from an anonymous investor comes at a time when the meme coin is seeing some volatility. PEPE has been down, trading at about $0.00002027 as of November 19 after hitting an all-time high of about $0.00002457 earlier this month. Based on data from Lookonchain, the unknown investor shelled out $2 million worth of USDC to purchase 105,328,301,633 (approximately 105.33 billion) PEPE in a single transaction. Someone spent 2M $USDC to buy 105.33B $PEPE in a single transaction! Address: 0xd71c6b3760cfd22e50e5514d163986552a96930b pic.twitter.com/kDKmgptPEc — Lookonchain (@lookonchain) November 21, 2024 The investor thought it would be smart to buy more of the joke cryptocurrency at a lower price, even though the price was going down. Some investors might agree with the choice. This includes “whales,” who have been buying PEPE during market swings. PEPE: Market Trends And Performance Since its April 2023 launch, PEPE has undergone significant transformation. Starting extremely modest at $0.00000001, its market value skyrocketed in a few weeks to over $1 billion. This coin got rather more well-known as prominent exchanges like Robinhood and Coinbase started trading it. Still, PEPE is vulnerable to market patterns swayed by more general economic events and social media, just as many cryptocurrencies are. Among the meme coins that have lately gone somewhat popular are PEPE, Dogecoin, and Shiba Inu. Actually, PEPE saw an amazing increase of more than 106% just in mid-November. Prospects And Obstacles Although the recent acquisition indicates robust investor interest, PEPE and comparable meme currencies are confronted with numerous obstacles. Market volatility continues to be a significant concern, as prices can fluctuate significantly in response to regulatory news or social media trends. Related Reading: Poland Could Lead With Bitcoin Reserve, Presidential Hopeful Says PEPE’s standing in the market could potentially be impacted by rival coins. To maintain its drive, PEPE needs to draw in fresh investors while also showing practical usefulness that goes beyond its status as a joke. For those investors pondering an initiation or increase of their stakes in meme currencies like PEPE, keeping abreast with the shifting rhythm and patterns of the cryptocurrency ecosystem is of utmost importance, given its constant advancement. The most recent large-scale transaction is indicative of the risks and opportunities that are inherent in this rapidly evolving market. Investors are closely monitoring the outcome of this audacious maneuver to determine whether it will prove advantageous or whether the volatile nature of cryptocurrencies will generate additional uncertainty in the near future. Featured image from DALL-E, chart from TradingView

#markets #news #copyright #memecoins

The chillguy meme has recently gained traction on platforms like TikTok and among brands. But its creator is unamused with a parody memecoin.

#bitcoin #btc #elon musk #crypto market #youtuber #logan paul #cryptozoo #memecoins #ksi #btcusdt #crypto news #crypto scam #crypto scandal

American YouTuber and boxer Logan Paul is facing backlash again after being accused of misleading his fans over crypto investments. New evidence shows that Paul seemingly promoted tokens without acknowledging he had a financial interest in them, gaining over $100,000 in the process. Related Reading: Taiwan’s Financial Authority Pledges To Address Crypto Tax Evasion Within […]

#cryptocurrencies #bull market #shiba inu #shib #shib price #memecoins #bull cycle #shiba inu whale

The mysterious investor made an over 250,000-fold return on his initial investment of just $10,000, which is worth over $2.5 billion today.

#dogecoin #elon musk #memecoins #dogecoin price prediction #doge usd

One analyst says DOGE could rally 5,000% from its current price, based on a Gaussian channel analysis.

#altcoins #bonk #cryptocurrency #wif #memecoins #pepe #best memecoins #crypto news #cryptocurrency market news #top memecoins #miles deutscher #cypto

In his latest YouTube video titled “Turn $1,000 into $100,000 With Meme Coins in 45 Days! [I’m Buying These Memes Now],” Miles Deutscher provides an analysis of the current memecoin landscape where he lists specific coins that he believes are poised for substantial growth. Deutscher contextualized the current market environment, stating, “altcoins are now breaking out of a key resistance level on the weekly, absolutely flying specifically the meme coins.” He attributes this surge to the memecoin supercycle, driven by increased retail participation and strategic exchange listings. “The altcoins that people are bidding in light of this breakout are the memecoins, specifically the ones that are getting exchange listings,” he explains. List Of Deutscher’s Top Memecoins To Buy Now Among the top memecoins Deutscher highlights, Pepe (PEPE) is a standout performer. “Pepe is my first 100x through memecoins,” Deutscher exclaims. He advises a proactive trading approach, utilizing technical indicators to navigate its price movements. “Pepe continues to show strong bullish signals, making it a prime candidate for long-term holds and active trading,” he asserts. Related Reading: Uncertainty Looms For Crypto As SEC And CFTC Leadership Transitions Unfold Under Trump Dogwifhat (WIF) is another memecoin that Deutscher identifies as having significant upside potential. “WIF is performing exceptionally well right now,” he notes, pointing to its strong market performance. Deutscher recommends monitoring breakout patterns and technical signals akin to those observed with Pepe, suggesting that WIF is well-positioned to capitalize on the ongoing market momentum. “Watch for breakout patterns and technical signals similar to Pepe,” he states. Foxy (FOXY) also garners attention for its remarkable performance, currently up approximately 110% in the last 13 days. “Foxy has started flying the spell call from yesterday,” Deutscher states. He recommends a strategic approach of taking partial profits while maintaining the majority of the position to maximize returns. “Targeting higher range highs with potential for yearly high retests,” he explains. Spell (SPELL) is another memecoin that Deutscher praises, having increased by 41% since his entry and 67% in the last 12 days. He attributes its success to “unit bias and low market cap psychology,” emphasizing the psychological factors that drive retail investment in lower-priced tokens. “Spell is the lowest market cap meme on Coinbase, and unit bias is a real thing with retail,” he observes. Deutscher targets a multi-billion market caps for Spell, advocating for holding positions to fully capitalize on its growth potential. Related Reading: New Era For Crypto Regulation? SEC Chair Gensler Suggests He May Step Down Bonk (BONK) and Floki (FLOKI) are recognized by Deutscher for their consistent performance within the memecoin sector. “Bonk continues to be a strong performer,” Deutscher remarks, while FLOKI’s substantial gains of approximately 85% are noted as being driven by overall market momentum. “FLOKI benefits from the flywheel effect and overall market momentum,” he explains. Peanut the Squirrel (PEANUT) is highlighted for its explosive growth, having surged by an impressive 1,800% within the last nine days. Deutscher attributes its rapid rise to heightened retail investment and speculative trading. He underscores Peanut’s potential for continued growth, driven by its strong momentum and increasing market interest. “Peanut exemplifies the explosive potential within the memecoin arena,” he states. Goat (GOAT), the leading AI memecoin, has seen a fivefold increase over the past month and has crossed the $1 billion market cap with the latest surge. However, GOAT is far from done. “Goat is targeting multi-billions,” Deutscher asserts, indicating his confidence in its scalability and long-term viability. In addition to these primary memecoins, Deutscher also mentions SPX6900 (SPX) and Giga (GIGA) as newer additions to his portfolio, both showing positive returns. “SPX is considered a relative strength leader with potential for significant upside,” he elaborates, while Giga’s performance is tied to technical setups and anticipated exchange listings, making it a strong contender in the memecoin sector. “Giga remains a strong contender based on its technical setups and upcoming exchange listings,” Deutscher notes. Deutscher also touches on several other memecoins, including Popcat, MOG, Miggles, Flaky, Pups, Simon’s Cat, Toshi, Billy, and Paradise, each noted for their varying performances and niche market potentials. He observes, “animal coins have been super hot,” particularly cat-themed memecoins like Popcat and MOG, which he believes are ripe for rotation plays within their specific sub-sectors. In general, Deutscher emphasizes the current significance of exchange listings and weekend trading dynamics. “Weekend pumps have become a lot more probable across the board now that retail is back,” he explains, noting that retail investors are more active during weekends, driving substantial market movements. He also advocates for monitoring intra-rotations within memecoin sub-sectors, such as cat-themed coins, to capitalize on emerging trends and early investments. At press time, PEPE traded at $0.00002080. Featured image from iStock, chart from TradingView.com

#crypto #analysis #market #memecoins #featured

Memecoins’ have posted average returns of 103% over the past 30 days — over 6x higher than the crypto market’s 16.1% average return, according to data from Artemis. Dogecoin (DOGE) and Pepe (PEPE) registered the more significant gains among the 19 memecoins tracked by Artemis during the period, growing 196.1% and 115%, respectively. PEPE’s “beta […]
The post Memecoin returns were 6x higher than crypto market average over past 30 days appeared first on CryptoSlate.

#crypto #dogecoin #doge #altcoins #memecoins

Dogecoin (DOGE) has become one of the most popular cryptocurrencies after a 112% growth in the past week. DOGE leads another meme currency craze with this move, proving it can still steal the show and top the crypto scene. Related Reading: Shiba Inu Price Watch: 60% Rally Catches Whale Attention – Is More Growth Ahead? Memecoins Performing Well According to Santiment data, meme-based cryptocurrencies are doing better than most assets partly because of speculation and the explosion of social engagement on X, Reddit, Telegram and other similar platforms. DOGE has had record bull market gains, reaching 30,700% in 2021. However, parabolic increases often result in strong corrections, like its 80% plunge after its 2017 rally. Dogecoin is approaching major resistance levels that could affect its short-term trend, so traders should be cautious. Dogecoin Price Prediction: How High Can It Go? Taking into account the present pace of market trends and expanding demand, recent estimates indicate that the price of DOGE is anticipated to record an appreciation of 107% over the course of the three-month period, according to data provided by CoinCheckup. Longer-term projections show more modest increase; the price is predicted to rise by 43% over six months and by 31% over a year. This slow stability implies DOGE could keep its increasing speed even when the excitement fades. Crypto Kaleo states that DOGE’s cyclical behavior exhibits a readiness for a breakout. If it breaks its resistance at $0.10, then the price – which is currently at $0.37 – may head all the way up to $0.15 and beyond, just as in its historical patterns of impulsive growth. The support remains strong at $0.075. This level should provide a safety net for investors in case of a pullback. $DOGE From a cyclical perspective, Dogecoin is in the process of making the massive impulse move to new All Time Highs at the early stages of a new bull market that its known for. 200+ days after each $BTC halving, DOGE made swift moves with massive multiples. Even the timing… pic.twitter.com/1iSINqSY3j — K A L E O (@CryptoKaleo) November 13, 2024 Related Reading: Solana Rising: Key Metrics Hint At Serious Ethereum Competitor What Factors Are Propelling Dogecoin’s Momentum? The rally of DOGE corresponds with an increase in social dominance, as Santiment research indicates that meme-related debates are prevalent in cryptocurrency forums. This increase in community engagement highlights the speculative characteristics of the current market while also indicating a revitalized retail presence. An increase in trade activity strengthens the narrative for continued momentum in the near term. Dogecoin’s rise in value shows that it will remain famous and be appealing to investors. As the memecoin gets closer to important resistance levels, traders need to be careful and use a mix of hope and caution. Featured image from WSJ, chart from TradingView

#bitcoin #btc #dogecoin #doge #memecoins #dogeusdt #memecoin frenzy #dogecoin social dominance

Data shows Dogecoin and other meme coins are receiving a significant amount of attention on social media, a sign that may not be ideal for Bitcoin. Top 6 Memecoins Have Seen Their Social Dominance Rocket Up Recently In a new post on X, the analytics firm Santiment has discussed about the trend in the Social Dominance for a few different subsections of the cryptocurrency sector. The “Social Dominance” here refers to an indicator that basically tells us about the mindshare that a particular asset or a group of coins has on the major social media platforms right now. Related Reading: Bitcoin Sets Record $93,000 High As Extreme Greed Level Hits 84 More formally, the metric’s value is calculated as a percentage of the discussions related to the top 100 cryptocurrencies by market cap that the given asset is making up for. To determine this, the indicator collects posts/threads/messages available on five platforms: X, Reddit, Telegram, 4Chan, and BitcoinTalk. It then filters them for the keyword in question. Note that for measuring the “discussion,” the metric simply counts up these posts containing at least one mention of the asset, rather than counting up the mentions themselves. The advantage of this methodology is that outlier posts containing hundreds of mentions don’t skew the data. Now, here is the chart shared by the analytics firm that shows how the Social Dominance related to three subsections of the market has changed over the last few months: The three segments in question are the layer 1 top six, the layer 2 top six, and the memecoin top 6. “Layer 1” networks refer to the primary blockchains that handle their own security, like Bitcoin and Ethereum. Networks like Polygon that are built on top of these chains are known as “layer 2.” Naturally, the meme coins refer to the popular meme-based tokens, like Dogecoin and Shiba Inu. From the graph, it’s apparent that the Social Dominance of the layer 1 top 6 had rocketed up a couple of days back as a result of Bitcoin setting multiple new all-time highs (ATHs). BTC has continued to explore new highs since then, but it appears that the focus of social media users has shifted elsewhere, with the Social Dominance of the layer 1 giants witnessing a cooldown. The indicator has stayed relatively low for the layer 2 coins throughout this, implying the traders haven’t been caring much about them recently. The assets that have hogged all the attention have been the memecoins, who have just seen their discussion hit a new record. The reason behind this high interest in these tokens is the impressive rally that Dogecoin has seen over the past week, leaving the rest of the sector in the dust after amassing profits of more than 104%. If the past is anything to go by, though, this outperformance may not be such a good thing. “Historically high speculative asset social dominance typically indicates greed and emotional trading,” notes Santiment. Assets in the cryptocurrency sector tend to move opposite to the crowd’s beliefs, so greed is something that has generally led to tops for the market. Related Reading: XRP NVT Ratio Has Been High Recently: What It Means As such, it’s possible that a shift in focus away from Dogecoin may have to happen, if Bitcoin and others have to continue their bull run. Dogecoin Price At the time of writing, Dogecoin is trading around $0.398, up over 2% in the last 24 hours. Featured image from Dall-E, Santiment.net, chart from TradingView.com

#cryptocurrencies #altcoins #market analysis #memecoins #pepe #pepe price #altcoin watch

PEPE hits new highs following several major exchange listings.  

#memecoins #information

Memecoin season is burning harder than ever as exchanges large and small scramble to list assets that have been pulling in billions of dollars in onchain volume while making their early backers stupidly rich. Every day, it seems, memecoin traders awaken to find their bags pumping because another CEX has made the decision to list …

#markets #solana #sol #market analysis #solana price #sol price #memecoins #altcoin watch

Surging activity in onchain and derivatives metrics suggests that Solana’s bullish momentum is set to continue.