Max Kaiser, a famous Bitcoin backer, recently caused a stir by saying that Cardano (ADA) could lose 90% of its value against Bitcoin in the next six months. His prediction has gotten a range of responses, from doubt to fun, especially from people who support the ADA like the Cardano Whale. Some people see this prediction as a chance to buy at a lower price, while others are more wary because the crypto market is so unstable. Related Reading: Starknet: Long Positions Liquidated Lead To 16% Losses It’s easy to see why so many people are sticking with Bitcoin: it keeps looking like the best asset for long-term buyers. Bitcoin has a good brand associated with their value and a decentralized nature that gives it the push. It’s also a relatively stable cryptocurrency compared to many, with the sheer size of the network effect, an infrastructure firmly supported by institutional players, and high liquidity. Cardano (ADA) will lose another 90% vs. Bitcoin over the next 6 months. pic.twitter.com/jQHhJg1m59 — Max Keiser (@maxkeiser) October 5, 2024 What Makes Cardano Stand Out Although Kaiser made a somewhat negative forecast, Cardano is demonstrating that cryptocurrencies are a real competitor. By offering a solution that can last longer and expand with the demands of the society, it seeks to be superior to Ethereum and other smart contract platforms. Cardano focuses on scalability, energy efficiency, and building a strong base for decentralized applications and finance projects. It uses a peer-reviewed academic method and proof-of-stake consensus. But things haven’t been easy for ADA. Some market observers say that the fact that it is taking a long time to catch on and grow is a big problem. Many investors are confused as to whether ADA is going to maintain its edge in the smart contract platform space post the price going down quite sharply over the last year. Cardano has to step up the act as it is playing against stiff competition in a game by renowned companies. A Mixed Bag For The Short Term Even though there are problems, Cardano has a small chance of getting a boost in price. CoinCodex recently made a price prediction that says Cardano’s price will go up by 17% and hit about $0.42492 by November 6, 2024. The current mood of the market is neutral, and the Fear & Greed Index also has a score of 50, which means it is balanced. In the last 30 days, there have been 63% “green days” for Cardano, and the price has changed only 6%. Related Reading: Bittensor (TAO) Soars 130% – What’s Behind The Altcoin’s Recent Surge? These details imply a level of stability that could lead people to invest. Thus far, Cardano has done well, which is an indication that it could well catch on, notwithstanding its remaining concerns. Analysts feel that these are the best times to buy-in since the probability of going up is consistent with the general trend of the market. Featured image from Vecteezy, chart from TradingView
On-chain data shows minimal retail involvement in the current crypto rally, hinting at potential further price increases.
Dogwifhat is currently up 30% in the week, but the number of holders has increased by only 1.29% in the same period.
Popcat (POPCAT) is spearheading the movement to bring attention to Solana’s memecoins. Many of these projects are proving the critics wrong, despite others doubting their “shelf life.” Related Reading: Bitcoin To Outshine Gold By 400% By 2025, Veteran Analyst Predicts In the wake of Bonk’s ascent and its intention to introduce a Bonk ETP, Popcat has gained attention due to its most recent performance. Notably, CoinCodex has taken notice and has predicted that POPCAT’s price would grow significantly as long as its trading volume keeps increasing. Trade Volume Record Popcat’s trade volume increased by more than 128% in the last day, propelling it to the top of the CoinGecko charts. Its price has increased by an amazing 35% in the past week, demonstrating the great level of interest and activity surrounding the coin. Given the level of competition in the digital currency market, it is by no means a small achievement to witness such an activity boom. Curious to see how far this meme coin might grow by 2024, investors are closely keepin an eye on it. Popcat is now closer to $1. From the time of writing, CoinMarketCap displays an 18% surge in value in the 24-hour timeframe. The coin’s value has incrementally been rising since its launch in March 2024. Positive Signs The level of open interest has just reached an all-time high, which is indicative of a rise in the number of traders that are engaging. The fact that funding rates are still high lends credence to the expectation that this cryptocurrency with a cat motif will continue to rise. How high can Popcat truly go now that all of these signs point to a continuing rising trajectory? Analyst optimism is on the cautious side. Forecasts indicate that POPCAT could reach $2 by the end of the year, giving early investors a gain of over 100% if market conditions remain positive. Related Reading: Bittensor (TAO) Explodes By 81% – Is $530 The Next Target? Navigating Market Vibes Even with all of Popcat’s hype, market sentiment right now is a mixture of caution and hope. By October 24, 2024, CoinCodex projects an astounding price increase of 228%, with a possible peak of $3.01. For the past month Popcat observed 50% of its trading days in the green and 17% price volatility. This statistics point to a relatively dynamic yet steady market environment. Popcat’s steady performance and the growing interest in Solana’s memecoins paint an encouraging picture. The combination of trading volume, positive market indicators, and bullish forecasts suggest that Popcat could be a worthwhile investment. As always, potential investors should do their research and consider market conditions before diving in. Featured image from Pinterest, chart from TradingView
As the broader crypto market shows signs of notable recovery, memecoins are experiencing significant gains, reflecting investors’ renewed appetite for quick and substantial returns after a period of volatility and price declines. Move From Bitcoin To Memecoins In Upcoming Crypto Bull Run? Crypto analyst Ardizor has outlined five memecoins to watch, anticipating that these assets could yield substantial returns as what he describes as the “biggest bull run” in crypto is set to commence in October. Related Reading: Bitcoin To Outshine Gold By 400% By 2025, Veteran Analyst Predicts According to Ardizor, Bitcoin (BTC) cycles typically begin 170 days after its Halving event and reach their peak approximately 310 days later. He suggests that starting in October, these memecoins and the broader market are positioned for significant gains that could surpass previous record highs. Ardizor emphasizes that new bull runs often begin with liquidity flowing to established cryptocurrencies like Bitcoin and Ethereum (ETH) before shifting toward memecoins, setting the stage for a potential resurgence in the sector. Five Tokens Poised For Major Gains Among the memecoins Ardizor highlights are Sundog (SUNDOG), which has rapidly gained traction within the Tron network. He notes that Sundog is rooted in community engagement, aiming to unite enthusiasts and create “an inclusive ecosystem that offers various benefits for its holders.” Currently trading at $0.31, up nearly 6% in the 24-hour time frame, and with a market cap of approximately $287.7 million, Sundog stands out as one of the most promising new entries in the memecoin landscape, according to the analyst. Another notable mention is Simon’s Cat (CAT), which has emerged as the largest and most recognized meme coin on the Binance Smart Chain (BNB). Ardizor points to its consistent price increase, noting that Simon’s Cat is backed by the well-known Simon’s Cat brand, which has garnered over 1.6 billion views on its YouTube channel. The memecoin has a market cap of around $280.6 million and is trading at $0.000040, up a substantial 96% in the last month alone, proving the analyst’s theory of further price gains and investor interest in the token. The analyst also discusses Cate on ETH (CATE), a memecoin that originated from the Dogeverse and was inspired by a tweet from the Own the Doge social media account. With strong ties to Dogecoin (DOGE), Ardizor believes that CATE embodies a “spirit of adventure and innovation”, making it an attractive option for investors looking for the next big thing in memecoins. It currently has a market cap of around $16.2 million. Related Reading: Analyst Predicts 8,500% Rally For Cardano To Reach $31 As Indicators Turn Bullish In addition, Neiro (NEIRO) is highlighted as a continuation of the Doge legacy. Associated with Kabosu, the dog behind the iconic Doge meme, Ardizor contended that Neiro captures the “true essence of memecoins and internet culture.” NEIRO currently has a market capitalization of $341 million, with a notable 52% increase in the last 24 hours, resulting in a trading price of $0.0012, and over 2,325% in the last thirty days alone, making it the best performing token on Ardizor’s list. Finally, Ardizor introduces the Turbo token (TURBO), a project that began as a bold experiment in cryptocurrency creation. Inspired by artificial intelligence (AI), Turbo was initiated with a simple challenge to create the next great memecoin starting with just $69. Today, the analyst notes that it thrives as a decentralized, community-led initiative, boasting a market cap of $387 million. Currently, TURBO trades at $0.0062, recording impressive gains of 8,980% year-to-date (YTD). Featured image from DALL-E, chart from TradingView.com
Cat-themed tokens have emerged as a new cohort alongside dog-themed Dogecoin (DOGE) and Shiba Inu (SHIB), among the biggest gainers in the 2020-2021 bull run.
The scammers breached countless X accounts to shill the memecoin, but they didn’t even make enough to buy a Toyota Corolla.
Ethereum price is down today as macroeconomic and crypto-specific factors put a dent in investors’ optimism.
Bonk (BONK), the popular Solana-based meme coin, is defying the market trend and is poised for a massive price surge despite bearish sentiment. With an impressive 4% price surge, it has gained significant attention from the crypto community resulting in its open interest skyrocketing by 16% in the last 24 hours. BONK Outperforms Major Cryptos …
NFTs saw a sharp decline in August 2024, with monthly sales dropping to $374 million—the lowest this year.
In 2022, a group of investors alleged that Elon Musk and his company had manipulated the price of dogecoin using their X (then Twitter) accounts.
Recent reports claim that Robert F. Kennedy Jr. will drop out of the US presidential race on Friday. The rumors have made PolitiFi tokens rise over 15% on the last day. While tokens inspired by RFK Jr. have plunged, Trump-themed memecoins took the lead with a 40% surge. Related Reading: Dogecoin Soars 6.5% Following Elon Musk’s Post, Is A Breakout Imminent? RFK Jr. To Dropout Of The Presidential Race During this cycle, memecoins have been at the front of the industry, becoming the largest narrative of the first two quarters. Due to the sector’s nature, crypto investors have immortalized the current event through these tokens, including the upcoming November US presidential elections. A candidate’s crypto stance has become a key factor for voters after the Biden administration’s crackdown on the industry. As a result, pro-crypto candidates have received significant support from the community. Robert F. Kennedy Jr. was among the first to share his industry-friendly approach throughout his campaign, endorsing Bitcoin and blockchain technology. However, recent reports claim the Independent candidate will drop out of the race on Friday. According to ABC News, sources close to Kennedy claim that the presidential candidate will endorse former US president Donald Trump after dropping out. Trump embraced the industry this year and later started accepting donations of different cryptocurrencies. Per the report, “One possible scenario being discussed is for Kennedy to appear on stage with Trump at an event in Phoenix on Friday.” Sources familiar to both candidates cautioned that nothing is finalized and “Kennedy’s thinking could always change.” Nonetheless, the news comes days after the Independent candidate revealed he would not endorse US VP and Democratic candidate Kamala Harris. Trump Memecoins Take The PolitiFi Lead PolitiFi tokens surged 15.5% in the last 24 hours, with the price of memecoins inspired by the former US president taking the lead. As the rumors of RFK Jr. endorsement hit, online reports revealed the republican candidate’s chances of winning the election rose again. According to Polymarket’s 2024 Presidential Election Forecast, Trump’s chances rose to 54% after the news, with a 7% lead against Kamala Harris’ chances. Following the news, the largest Trump-themed token, MAGA (TRUMP), saw a massive increase. TRUMP’s price has taken a hit since the end of July when it was trading above the $6 mark. The memecoin retraced below the $3 support zone following the August market crashes, registering a 41.5% drop in the last 30 days. However, TRUMP skyrocketed 55.6% toward the $4.14 mark on Thursday. As of this writing the token is trading at $3.7, a 40% increase in the last 24 hours. Other memecoins inspired by the former US president also saw a significant surge. Related Reading: AAVE Breaks Out Of 2-Year Accumulation Range, Is A Parabolic Run Ahead? After the news, Doland Tremp (TREMP), Super Trump (STRUMP), and MAGA Hat (MAGA) rose 16%, 25%, and 23% respectively. Meanwhile, the KAMA and KEIDY memecoins registered a 30% and 57% price drop in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com
After 11 days of operation — including a brief downtime — memecoin platform SunPump has helped create over 18,000 memecoins.
With the price of Bitcoin reclaiming the $61,000 level, the crypto market has recorded a strong bullish recovery over the past day. Moreover, the Memecoin category has added $2.17 Billion in market cap. This contributes to 3.38% of the total inflow of the past day. Planning on investing in memecoins, but concerned about its future …
Declining interest rates — along with rising investment in Bitcoin — could provide the fuel the DeFi market needs to experience a long-awaited resurgence.
Vitalik Buterin urged the community to send the memecoin token funds they want to send him directly to charities.
It's a tin from $ZYN.
This week, a new PolitFi token made the headlines amid the crypto market recovery. Restore The Republic (RTR) caught the attention of investors after rumors of being linked to the Trump family surged. The Trump-themed token saw a massive surge after its launch. However, its price quickly plunged after the former US president’s camp denied any links with it. Related Reading: Toncoin Soars 14.8% After Binance Listing, Is TON Poised For A Breakout? Trump-Themed Token Turns Out Fake On Thursday night, a PolitiFi token was surrounded by controversy after it plummeted by over 95% just hours after launching. Restore The Republic was described as a token to “ensure that our nation remains a beacon of freedom, justice, and opportunity.” The memecoin created a buzz among investors as it was suspected to be the Trump Family’s highly anticipated crypto project announcement. As a result, RTR’s price surged over 14,500% following its launch, going from trading at $0.001 to as high as $0.15. The token also hit a market capitalization of $155 million three hours after launching. However, the rapid surge was quickly met with a massive drop after Eric Trump claimed the project wasn’t related to the former US president. In an X post, Eric warned crypto investors of fake tokens, stating that “the only official Trump project has NOT been announced.” He also emphasized that the news would come directly from their camp first. Immediately after, RTR’s market cap nosedived, going from $125 million to $13 million. The token went from trading around the $0.12 mark to $0.007 in less than an hour, leaving many investors with massive losses. On-chain data analysis firm Lookonchain revealed that a crypto whale lost over $800,000 after FOMO-buying the token. Per the report, the investor spent 5,800 SOL, worth $916,400, to buy 7.2 million RTR at its highest price. Due to the price crash, the whale sold the RTR tokens for only 118 SOL, worth around $18,000, resulting in a loss of $898,500 in four hours. Crypto Scam Déjà Vu Online reports revealed that insiders made over $4 million from the memecoin. The newly created wallets bought millions of RTR as it opened trading. The insiders sold the token right after Trump’s camp denied ties to the memecoin. After the price crash, the crypto community discussed the token’s shady launch and promotion. Students for Trump group’s co-founder and chairman, Ryan Fournier, suggested in a now-deleted post that RTR was the official Trump token. Moreover, several KOLs (Key opinion leaders) promoted RTR to their followers, claiming it was the highly anticipated Trump project. After the collapse, some of these influencers affirm to have lost large sums of money. One KOL also claims to possess “legal documentation” that proves Donald Trump Jr.’s involvement with the launch. The crypto community quickly compared this incident to the last “official” token linked to the Republican presidential candidate. Nearly two months ago, DJT made the headlines after being rumored to have been launched by 18-year-old Barron Trump. At the time, other Trump-inspired tokens crashed by over 30%, including the MAGA (TRUMP). However, it was later revealed that the token was created and run by “Pharma bro” Martin Shkreli. Related Reading: Solana Faces Uncertainty: Expert Explains Impact Of Jump’s Rumored Exit Following the RTR debacle, Donald Trump Jr. spoke about cryptocurrencies inspired by his father. He stated that he has “nothing to talk about” regarding these tokens. He also deemed people assuming that all Trump-themed tokens are linked to the family as the problem. The businessman clarified that he loves and respects memecoin culture, but they are not the crypto project they have been teasing. Featured Image from Unsplash.com, Chart from TradingView.com
Memecoins like PEPE and WIF saw the biggest loss after the $510 billion crypto market sell-off.
The memecoin took a massive hit after Buterin sold his entire 17 billion Neiro airdrop, but in a weird turn of events, it pumped soon after.
Memecoins underperform the wider crypto market after double-digit weekly losses surpass the sell-off in BTC and ETH.
Memecoins underperform the wider crypto market after double-digit weekly losses surpass the sell-off in BTC and ETH.
The "makenowmeme" account on X purportedly provided a way for X users to create memecoins on Solana with a simple post.
The venture of celebrities into the crypto market has seen a significant downturn as the market values of their tokens have fallen dramatically since their launch a month ago. According to data compiled by a prominent crypto community member, Slorg, all 30 celebrity tokens launched on the Solana blockchain in June have experienced steep declines […]
The post Celebrity tokens down 94% on average month after launch appeared first on CryptoSlate.
Following the highs of 2024’s first quarter (Q1), the crypto market faced a retrace during the second one (Q2). Despite this, Memecoins has remained the reigning champion of the market for the last three months. Related Reading: Big Filecoin Rally Ahead: Analyst Predicts 4,000% ‘Uphill Run’ Total Crypto Market Cap Falls 14% In Q2 On Tuesday, CoinGecko released its 2024 Q2 Crypto Industry Report. In the report, the crypto tracking website revealed that the total market capitalization declined last quarter. The total crypto market cap dropped 14.4%, $408.8 billion, in the last three months. The crypto market closed Q2 with a market cap of $2.43 trillion, unable to make new all-time highs (ATH). Comparatively, the total crypto market cap reached $2.9 trillion in March. During Q1, the market soared 64.5%, doubling Q3 2024’s growth. In absolute terms, the growth of this quarter (+$1.1 trillion) was almost double that of the previous quarter (+$0.61 trillion). This was largely driven by the approval of US spot Bitcoin ETFs in early January, sending BTC to a new all-time high in March. Additionally, CoinGecko highlighted that the crypto market cap was outperformed by the S&P 500, which registered a 3.9% increase. As a result, the correlation between the total crypto market cap and the S&P 500 plummeted from 0.84 in Q1 to 0.16 in Q2. In Q2, crypto volatility remained high, with an annualized volatility of 48.2% for the total crypto market cap. Meanwhile, Bitcoin (BTC) and the S&P 500 saw 48.2% and 12.7% volatility. Memecoins Continue Leading The Market Despite the market retrace, Memecoins remain the most popular narrative in Q2. According to CoinGecko’s categories web tracking, the sector dominated the chart with a 14.3% market share. Last quarter, Memecoins emerged as the most popular and profitable narrative. The sector delivered massive returns in the first quarter of 2024, with an average return of 1,313% across the top tokens. Tokens like Dogwifhat (WIF) and Book Of Meme (BOME) became market sensations, fueling the memecoin frenzy. These tokens had over 2,000% and 1,000% returns. This quarter, the market saw a Celebrity memecoin frenzy. Public figures like Iggy Azalea, Caitlyn Jenner, and Andrew Tate joined the industry amid controversial launches, hacks, and scam allegations. Moreover, the PolitiFi memecoins surged in popularity. Last week, these tokens outperformed most categories in the crypto market following Donald Trump’s failed assassination attempt. 4 out of the top 15 most popular narratives were memecoin-related, with Solana and Base memecoins registering an 8.44% and 4.61% share. Meanwhile, cat-themed tokens overpowered Q1’s reigning champions in the sector, Dog-inspired tokens. Related Reading: Whale Makes $8 Million With Trump-Inspired Memecoin As PolitiFi Tokens Soar This quarter, the feline-inspired tokens made it to the top 15. The category ran remarkably this cycle, with tokens like Cat in a Dogs World (MEW) and Popcat (POPCAT) surging over 200%. Similarly to Q1, Real World Assets (RWA) and Artificial intelligence (AI) were the second and third most popular sectors. RWA registered an 11.3% market share, while IA tokens saw a 10.9% share of market attention. Featured Image from Unsplash.com, Chart from TradingView.com
TrumpCoin (DJT) surged on Wednesday following the news of Donald Trump’s participation in the Bitcoin 2024 Conference. The announcement propelled the token’s price by over 55% while other Trump-inspired memecoins increased by nearly 20%. Related Reading: Drake Loses Bitcoin Bet Following Canada’s Copa America Exit, ARG Fan Token Soars 40% Trump Joins The Bitcoin Conference On July 10, Former US president and Republican candidate Donald J. Trump was officially announced as a keynote speaker at the Bitcoin 2024 Conference. The Bitcoin Conference will occur in Nashville, Tennessee, between the 25th and 27th of July. Crypto-friendly Independent Presidential Candidate Robert F. Kennedy Jr. will also participate in the upcoming event. Moreover, former pro-crypto Republican candidate Vivek Ramaswamy will join the largest Bitcoin conference in the world as a keynote speaker. The CEO of Bitcoin Magazine, the organizer of The Bitcoin Conference, expressed his enthusiasm for Trump’s participation. “July 27th we change the course of history,” David Bailey stated in an X post. The news of Trump’s involvement in the event was well-received by many industry figures. However, other industry members and investors questioned Trump’s intentions. CryptoQuant’s CEO Ki Young Ju wondered whether the former US president’s efforts were genuine: Is this a strategy to gain votes, or is it a genuine effort to make the United States a Bitcoin nation? Does anyone know? Despite the skepticism, the crypto community seems optimistic about the news, as Trump-inspired tokens soared last night. TrumpCoin And Trump-Inspired Memecoins Soar TrumpCoin’s price quickly reacted to the news, skyrocketing 55%. The token hit the $0.013 resistance level for the first time since June 27, according to DexScreener data. DJT saw a controversial launch nearly a month ago after online reports claimed TrumpCoin was the “official” Trump token. As a result, many investors sold most of their Trump-inspired memecoins, making them crash around 30%. At the time, Martin Shrekli, also known as “Pharma Bro,” claimed that the token was officially related to Trump’s camp. Shrekli stated that Barron Trump, son of the former US president, was closely involved with TrumpCoin. However, it was later revealed that Shrekli was behind the token. Crypto sleuth ZachXBT exposed the scheme on X, uncovering the truth before Shrekli admitted his involvement in an X Space. Since then, DJT’s price has gone on a descending trajectory. The token has seen a 33% decrease in the last two weeks. However, it registers a 10% increase from its price 24 hours ago, currently trading at $0.0086. Related Reading: Football Takeover? Solana-Based Token Skyrockets 350% Following Messi and Ronaldinho’s Promotion Other Trump-inspired memecoins also surged after the news. MAGA (TRUMP) rose from the $5.74 to the $6.54 price range in the following hours. The price action represented a 15% and 39.5% surge in the daily and weekly timeframes. Similarly, MAGA Hat (MAGA) registered a 20% price increase, going from trading at $0.00015 to $0.00018. MAGA’s performance saw a 50% increase from its price a week ago. Featured Image from Unsplash.com, Chart from TradingView.com
The Cloudbreak Fund will invest in gaming finance, social finance, memecoins, derivatives, and layer-1/layer-2 projects across Chinese-speaking regions.
WIF has entered the breakout stage of its prevailing BARR Bottom pattern, with Solana ETF hype furthering the memecoin's upside outlook.
The lack of retail participation is suspected of dropping Bitcoin wallet activities as celebrity memecoins attract speculators away from more established cryptocurrencies.
The sharp decline in Biden-themed Solana memecoins during the first presidential debate highlights the volatile intersection of politics and cryptocurrency markets, underscoring the potential for significant financial impacts based on political events and perceptions.
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