US Securities and Exchange Commission (SEC) Commissioner Hester Peirce has acknowledged that the financial regulator may not have the authority to regulate most memecoins. In a Feb. 11 Bloomberg interview, the financial regulator pointed out that current laws do not classify these tokens as securities, leaving a gap in oversight. According to her: “There are […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Data shows users on the major social media platforms have continuously been losing interest in Dogecoin and other memecoins recently. Top 6 Memecoins Have Seen Their Social Dominance Trend Down Recently In a new post on X, the analytics firm Santiment has discussed about how social media attention has recently shifted for the various cryptocurrency market segments. The indicator of relevance here is the “Social Dominance,” which is based on another metric known as the Social Volume. The “Social Volume” tells us about the amount of discussion that a given topic or term is receiving on social media right now. Related Reading: Bitcoin Funding Rate Turns Neutral On Top Exchanges: What Happened Last Time The metric calculates its value by counting up the number of posts present on the major social media platforms that are making unique mentions of the topic in question. The reason that the indicator doesn’t simply count up the mentions themselves is that doing so can sometimes produce a false picture of the market situation, like when there is little activity overall on the platforms, but a few enthusiasts have some posts up with a high amount of mentions. By only tracking the posts themselves, the Social Volume only spikes when users across social media are participating in talks around the term. Now, the Social Dominance, the actual metric of interest here, measures the percentage of Social Volume related to the top 100 coins by market cap that any given cryptocurrency or group of cryptocurrencies is responsible for. Below is the chart shared by the analytics firm that shows the trend in the Social Dominance for three groups of digital assets. In the graph, the three categories listed are: Layer 1 Top 6, Layer 2 Top 6, and Memecoin Top 6. First, the Layer 1 Top 6 includes the six largest ‘layer 1 networks‘ in the sector. Such blockchains are those that handle their own security and aren’t built on top of any other network. The most prominent examples include Bitcoin (BTC) and Ethereum (ETH). The second group, the Layer 2 Top 6, includes the coins that are built on top of one of the layer 1s, like Polygon (MATIC) and Arbitrum (ARB). Finally, the Memecoin Top 6 is made up of the tokens that are based on popular memes, like Dogecoin (DOGE) and Shiba Inu (SHIB). From the chart, it’s apparent that the Social Dominance of the Layer 1 Top 6 has witnessed some sharp growth recently and has broken the 44% mark, meaning that almost half the discussions related to the sector involve one of these assets. While interest in Bitcoin and others has gone up, the memecoins have noted a decline in discussions. Dogecoin and company today make up for just 4% of social media talks, a significant decrease from the 9.2% peak at the end of December. Related Reading: Bitcoin Indicator That Timed January Top Now Gives Signal To Buy Investor talks moving from Dogecoin to Bitcoin may not actually be bad for the market as a whole, however, as Santiment has explained: A shift in trader attention from meme coins to Bitcoin and Layer 1 assets is generally a sign of a more stable and sustainable market environment. Dogecoin Price At the time of writing, Dogecoin is trading around $0.258, down more than 5% over the last week. Featured image from Dall-E, Santiment.net, chart from TradingView.com
BNB has seen strong gains despite a broader cryptocurrency market downturn, as major tokens like bitcoin and ether experience price declines.
In a year or two, the transformation in the crypto market will be “self-evident” and “overwhelming,” Matt Hougan predicted.
MoonPay, the exclusive onramp to Moonshot, said it onboarded 750,000 new customers following the memecoin launch.
Elon Musk’s name change on X to “Harry Bōlz” sparked another memecoin frenzy on Tuesday before quickly fading away.
Peirce’s crypto task force at the SEC is working on classifying which tokens should be considered non-securities.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Investors are once again becoming drawn to Dogecoin (DOGE). This time, analysts have found a pattern that could send the famous meme coin soaring past the long-awaited $1 mark. DOGE hit its all-time high of $0.74 during the 2021 bull run, but it has since had a hard time getting back to that level. But now, one market expert thinks that the past might be about to happen again, this time with even bigger gains. Related Reading: Final Dip? Dogecoin Correction Could Precede A Record Surge—Analyst A Pattern That Points To Rapid Growth Chandler, a crypto analyst, says that Dogecoin has been following a familiar cycle since December 2023. The cycle has three main parts: a breakout to new highs, a brief pullback, and then a sharp rebound that goes above the previous peak. This pattern has already happened twice, and if it happens again, DOGE could be about to have a big recovery. The most recent high of $0.85, followed by a pullback, suggests that the next move could push Dogecoin to an estimated $1.80—a gain of over 112% from its last peak. While price patterns don’t guarantee future performance, Dogecoin’s history of explosive rallies fueled by hype, speculation, and retail enthusiasm makes such a scenario plausible. Over the past year, every higher high $DOGE made was 112% higher than the previous one. 112% above the last top puts us at $1. ???????? pic.twitter.com/al8D86UGq0 — Chandler⚡️ (@ChandlerCharts) January 26, 2025 Market Sentiment And The $1 Psychological Barrier Overcoming $1 has long been a psychological and technological obstacle for Dogecoin. Even though there was a lot of excitement and significant support from people like Elon Musk, the previous effort in 2021 was unsuccessful. However, the circumstances for another breakthrough seem to be developing given Bitcoin’s continued success and the momentum that altcoins are getting. Sentiment is a significant factor in the fluctuations of Dogecoin. In the past year, DOGE has achieved gains of nearly 200%, surpassing Bitcoin’s 110% increase. The possibility of surpassing $1 is not only conceivable, but it may occur sooner than most individuals anticipate if this outperformance continues. Related Reading: Can XRP Hit $10,000? A Quadrillion Market Cap For The Coin If That Happens – Analyst Caution Amid The Hype Historical patterns can provide useful insights, but they are not totally reliable. The price of Dogecoin remains very volatile, and external variables such as macroeconomic conditions, regulatory changes, and larger market trends can all have an impact on its movement. Investors who are interested in participating in the prospective breakout should exercise caution when evaluating the risks. Profits can be substantial, but pullbacks can be equally rapid due to Dogecoin’s speculative nature. However, the forthcoming months may serve as a pivotal moment for the original meme coin, as DOGE’s chart indicates signs of life and the $1 barrier approaches. At the time of writing, DOGE was trading at $0.2671, up 5.7% and 2.8% in the daily and weekly frames. Featured image from Gemini Imagen, chart from TradingView
Four.Meme, a memecoin launchpad on the BNB Chain, has suspended its Liquidity Provider (LP) on PancakeSwap after detecting a malicious exploit targeting its system. The team confirmed the attack on Feb. 11 and assured users that steps were being taken to resolve the issue. The platform halted its token LP to prevent further damage while […]
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CAR’s launch on Sunday was met with severe skepticism, though the country’s President has continued to post about the token.
Pump.fun co-founder Alon Cohen dismissed reports that the Solana-based memecoin launchpad is preparing to issue its own native token, refuting claims made by crypto journalist Colin Wu. Wu reported that Pump.fun was working on a token and planned to distribute it via a Dutch auction system in collaboration with multiple centralized exchanges. He cited insider sources […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Central African Republic (CAR) has introduced CAR, a memecoin project aimed at testing its potential role in national development. President Faustin-Archange Touadéra announced the launch on Feb. 9 via X, describing the initiative as an experiment to showcase how a meme-based asset could bring people together, promote economic growth, and elevate the country’s global […]
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Changpeng Zhao said in the notice period of a token's listing, its prices could go high on DEX 'and then people sell on CEX.'
The memecoin launch is said to be an experiment to see if a meme can support the national development of the Central African Republic.
The media mogul promised more announcements related to the token to come during Super Bowl LIX on Sunday night.
To best trade memecoins in 2025, research the latest market trends, use DEXs, monitor social media sentiment, and apply risk management strategies to avoid significant losses.
Bartool Sports founder David Portnoy has landed in hot water after discussing recent memecoin trades on his X account, which boasts over 3.5 million followers. Portnoy began by trading a coin styled after a contestant on the Spanish reality show La Isla De Las Tentaciones, called “Montoya por favor.” “Uh oh. Davey learned how to […]
A Polymarket prediction marketplace still gives the erratic star a 13% chance of dropping a memecoin before the end of the month.
A government think tank has urged the Department of Justice and the US Office of Government Ethics to investigate whether former President Donald Trump violated federal laws prohibiting government officials from soliciting gifts. The complaint, filed by Public Citizen on Feb. 5, centers on Trump’s promotion of the Official Trump Memecoin (TRUMP) launched last month. […]
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In 2024, Tron reached several important milestones, outpacing both Bitcoin and the broader altcoin market and expanding its user base.
A market expert has boldly proclaimed that all XRP holders might ultimately become millionaires. Related Reading: XRP Price Struggles to Keep Pace: What’s Holding It Back? Based on a historical study of XRP’s price movement in 2017, this assertion makes the implication that the altcoin is set for a similar bull run. For many XRP community members, crypto analyst Steph’s viewpoint offers a ray of hope despite current turbulence. This positive view is challenged, though, by current market dynamics—including the asset’s recent 22% weekly decline. XRP: Historical Parallels With 2017 Surge Steph’s optimistic predictions are largely based on the performance of XRP during the 2017-2018 bull run. In that period, the altcoin saw a meteoric rise, increasing by 802% from March to May 2017. This surge followed a relatively quiet period, with the coin initially lagging behind other cryptocurrencies. XRP has once more exhibited remarkable increase fast forward to 2024, rising by nearly 570% from November 2024 to a top of $3.4 in January 2025. All #XRP holders will become millionaires. No exceptions. pic.twitter.com/zoLebdj8um — STEPH IS CRYPTO (@Steph_iscrypto) February 5, 2025 If history is any indication, Steph thinks the altcoin is only halfway toward its expected ascent. According to the analyst’s examination, a second ascent might drive the asset considerably higher, maybe reflecting the price movement registered in 2017. The Road To $50,000 Per Token Many XRP holders wonder if such a rally will turn them into millionaires. The study indicates that, although still rather hypothetical, there is a big possibility. For instance, the price per token would have to be $50,000 if one wanted a 20 XRP ownership to be worth $1 million. In the same vein, a 500 XRP-holder would need the price to reach $2,000 to make their holdings worth $1 million. Although these figures are staggering, they show the significant influence a large surge could have on portfolios of holders. However, whether such price levels are realistic is still uncertain. Deviation From 2017 Path: A New Fractal? Not every researcher shares Steph’s hope. Examining XRP’s present price movement closely reveals some variations from the 2017 trend. XRP dropped significantly from its January high of $3.4, lately falling below $3. $XRP In my opinion, 2017 is now irrelevant I see many trying to pinpoint comparison to 2017 still, I think it’s a waste of time The fractal has broken. We are in a new era and game now… Sometime the rear view helps, but not anymore IMO pic.twitter.com/03ePoONaNV — Dom (@traderview2) February 4, 2025 Analyst Dom has claimed that XRP might not go the same route as it did in 2017, suggesting a fractured fractal. Should this be the case, the cryptocurrency may be on a fresh path where future expansion is not correlated with historical price trends. Related Reading: XRP Price Enters Golden Pocket: Analyst Says It’s A Good Buy At These Levels Market Volatility: Change In Trend Or A Regular Setback? In spite of these anomalies, XRP has a long-term bright future. Recent price swings of the asset are considered as normal ebb and flow of the market. Correction times are expected, as with any high-growth asset. At $2.44 right now, XRP dropped almost 4% over the past 24 hours. Still, experts remain optimistic since the asset has great room for expansion. Featured image from Pexels, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
CZ clarified that the TST memecoin is not an official BNB Chain token, and neither Binance nor the BNB Chain team holds any of it.
Federal law strictly regulates payments to government officials and bars gift solicitation, Public Citizen said.
Memecoins have been the leading narrative of the cycle after surpassing all expectations and becoming the top-performing sector of 2024. As we navigate 2025’s crypto market, emerging sectors like Artificial Intelligence (AI) agents could rival memecoins’ narrative mindshare. Related Reading: Solana (SOL) $200 Level Recovery Looks ‘Very Solid’, Is The Bleeding Over? Memecoins Defined 2024’s Crypto Market On Tuesday, Binance Research shared its “Full-Year 2024 & Themes for 2025” report, crowning memecoins as the “Defining Narrative of 2024. The platform highlighted the sector’s outstanding performance last year, which drove significant attention to the crypto market. According to the report, memecoins played a “significant role in onboarding new users to the crypto space and offer a unique way to monetize attention in the social media era.” Additionally, the notion of “so-called ‘blue-chip’ memes” served as a testament to the “growth and diversity of the memecoin market and its structure,” the report noted. The crypto community saw the creation of various sub-sectors within the memecoin space, encapsulating the events that shaped the year. For instance, PolitiFi tokens, which rose amid the American electoral campaign, recorded the many changes in the political landscape through these tokens. This narrative eventually led to the launch of the Solana-based TRUMP memecoin, the first-ever token officially backed by a politician. The memecoin was created in January to “celebrate Courage & Strength” after the July 2024 assassination attempt on President Trump. Binance Research points out that memecoins meteoric rise could be attributed to various factors, including increased transparency and a perception of fairness, accessibility, and addressing users’ frustration with the “low float, high FDV” issue. Additionally, it noted the sector’s high-risk, high-reward nature appears to have fulfilled the industry’s search for the first crypto AAA game. The report argues that the “thrill of creating memecoins of the smallest moments in cultures” trade them into “sky-high valuations” could be perceived as a game, keeping the community invested in the sector and increasing its popularity. AI Agents: The Growing Narrative Second to memecoins, the AI crypto sector took 12.6% of the narrative mindshare in 2024, opening the stage for the market’s “newer fascination,” AI Agents. This sub-sector captured investors’ attention throughout Q3 2024, fueled by Truth Terminal and GOAT’s growing popularity, and became a leading narrative in recent months. AI agents, initially sparked by Truth Terminal and $GOAT, have captured the market since October and become a dominant narrative. Infrastructure providers like Virtuals Protocol (G.A.M.E. framework) and ai16z (ElizaOS framework) have been key players. The sector has also faced backlash from the crypto community. Some investors consider the new trend “worse than other past trends,” arguing that it is “overrated.” Similarly, an anonymous poll showed that Solana founders consider AI agent tokens to be overhyped. Nonetheless, it has continuously evolved and has “lots more in development.” As of this writing, the sector has a market capitalization of $7.84 billion, according to CoinGecko data. What’s Next? Binance Research pointed out the issue of memecoin longevity, as many of the tokens see a rapid rise and fall. It considers that, despite not all tokens having the level of popularity to stand the test of time, memecoins are “likely to have some staying power” in some form. Related Reading: TRUMP Coin Tanks 18%—Even Donald Trump Couldn’t Save It Meanwhile, AI Agents are significantly earlier in their development but share the “power to onboard users (AI is a key topic across business and finance) and monetize attention.” As a result, the growth of the “AI x crypto” intersection is almost certain. The report concludes that the “entry of web2 into AI Agents, and the rapid development and anticipated trajectory of AI x crypto” are some of the key areas to watch this year. Featured Image from Unsplash.com, Chart from TradingView.com
While most analysts agree that tariffs are negative for crypto in the short term, some argue they could benefit the market longer term.
For the past few months, stablecoins have yielded the spotlight to their more speculative counterparts, including tokens inspired by politicians. However, recent on-chain data suggests that stablecoins are back and have surpassed the $200 billion market cap. Related Reading: XRP $10 Price Tag Hinges On SEC Lawsuit Conclusion, Analyst Says According to the data shared by Alphractal, the segment’s capitalization has surged to $211 billion, a record high, thanks to months of stable growth, which started in mid-2023. Stablecoins‘ market capitalization grew by 73% from its August 2023 value of $121 billion, updated data released on January 31st show. The primary driver of this segment’s growth is still Tether’s USDT, however, USDC has been gaining ground recently, which is fascinating. ???? Stablecoin Market Cap Surpasses $211B – USDC Gains Momentum! Since 2023, the stablecoin market has grown significantly, mainly driven by USDT (Tether). However, recently, USDC has been gaining an edge over other stablecoins. This trend is occurring due to the recent drop in… pic.twitter.com/IRKrQErmCE — Alphractal (@Alphractal) January 31, 2025 Tether’s USDT Remains Primary Driver Of Growth Since 2023, the stablecoin market has grown steady, mostly due to Tether’s USDT. As of now, stablecoins are worth $223 billion, which is a 0.2% increase from yesterday. Interestingly, USDT and USDC are the present growth drivers of stablecoins. Apart from the numbers from both coins, the stablecoins group hasn’t changed much since 2023 and has shown steady and average values. Right now, Tether’s USDT is valued at almost $140 billion, and USDC is at $53 billion. USDC Slowly Gains Ground On Other Coins Alphractal’s post on Twitter/X shows that USDC has been gaining ground over other stablecoins in the market. According to the post, this is happening due to a drop in altcoin prices and since a substantial part of the sell-offs have been swapped into USDC. The post also showed that USDC’s dominance in this segment has hit a key resistance level, the same amount observed in 2021. This was the start of the bear market in 2022 when Bitcoin’s price dropped to as low as $15,500. If this metric persists, it can serve as the market’s bearish signal, impacting investors’ buying decisions. However, if this metric declines, it can be USDC’s jumping board to claim new highs. Related Reading: 21Shares Bets On Polkadot, Files For Spot ETF With SEC What To Expect From The Stablecoins Segment In The Short-Term In the last bull run, USDC’s supply increased in May, then reached its high in March 2022. The stablecoin’s market cap increased by 170% from April 2021 to March 2022. If the current coin supply continues to grow but price starts to dip, then the stablecoin market may hit its peak in a few months. Traditionally, a rising market cap for stablecoins reflects growing investors’ confidence, which signals an increase in capital inflows. On the contrary, a rising stablecoin market cap is usually associated with growing investor conviction, signaling the potential for boosted capital inflows. This suggests that the bullish momentum could continue for a few more months. Featured image from Gemini Imagen, chart from TradingView