Memecoins

Best Meme Coin: XRP vs Cardano

Published

4 months ago

24 July, 2024

XRP (XRP 3.81%) and Cardan (ADA -0.75%) are both volatile cryptocurrencies. XRP, the native token of the Ripple payment network, began trading at $0.0058893 in 2013, reached an all-time high of $3.84 in 2018, but is now trading at $0.59. Cardano, the native token of a third-generation blockchain, began trading at $0.025 in 2017, reached an all-time high of $3.09 in 2021, and is now trading at around $0.44.

So, if you had invested $100 in XRP, your investment would have briefly reached over $65,200 before falling back to around $10,000. That same $100 investment in Cardano would have reached nearly $12,400 before falling back to $1,800 today. Should investors still buy either of these? Meme Coins in this hectic market?

Image source: Getty Images.

XRP Investors Eagerly Await Major Catalyst

XRP is tied to the Ripple payment network, but the token doesn’t get as much attention as its underlying platform. Ripple’s network uses a blockchain-based ledger to process real-time gross payments, cross-border transfers, and foreign exchange transactions. It claims its approach offers its customers secure, instant, and “nearly free global financial transactions of any size, with no chargebacks.”

Several smaller financial institutions, including Travelex Bank, Tranglo, and Sentbe, have already adopted Ripple as a cheaper alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) protocol used by most banks. However, all of these customers are using Ripple’s XCurrent network, which allows them to conduct these transactions in common fiat currencies instead of using XRP as a bridge currency.

As a result, Ripple’s expansion has not transformed XRP into a widely accepted cryptocurrency. Some critics even claim that XRP is not a “real” cryptocurrency because it was not created with proof of work (PoW) or proof of stake (PoS) protocols. Instead, Ripple created its entire supply of 100 billion XRP tokens before its market debut, locked 55 billion of those tokens in escrow accounts on its blockchain in 2017, and periodically releases some of those tokens to stabilize its liquidity.

XRP is not as attractive as Bitcoin (CRYPTO: BTC), which is mined with the PoW method as an asset, and its blockchain does not natively support the development of decentralized applications (dApps) like Ethereum (CRYPTO:ETH) and other PoS blockchains. Its price has also was weighed down The Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple, accusing Ripple of offering $1.3 billion worth of XRP tokens over several years as illegal unregistered securities sales. This lawsuit began in December 2020 and entered its final stages last April. If Ripple wins this lawsuit or reaches a favorable settlement with the SEC, its price could certainly skyrocket.

Cardano has more long-term advantages

Cardano, like Ethereum, is a PoS blockchain that supports smart contracts and the development of dApps and other crypto assets. However, it was created to process transactions at a faster rate than Ethereum with more predictable fees.

Cardano currently processes transactions several times faster than Ethereum. Its transaction fees, which are set based on the size of a transaction and the computing power required, are also more predictable than Ethereum’s. gas costswhich are determined by a “dynamic pricing” model based on fluctuating network congestion rates.

Cardano created 31 billion tokens when it was initially launched, and 26 billion of those tokens were sold to investors through a third-party company. The remaining 5 billion tokens were distributed to the Cardano Foundation, IOHK, and Emurgo. It currently has a circulating supply of 36 billion tokens with a maximum supply of 45 billion tokens. Like other PoS tokens, Cardano can be staked (locked onto its blockchain) for set periods of time to earn interest-like rewards.

Cardano is set to undergo a major upgrade called the “Chang Hard Fork” by the end of July. This update is expected to increase its speed, strengthen its security measures, and improve its scalability. But even after their latest upgrades, Cardano and Ethereum are still significantly slower than Solana (CRYPTO: SOL), the world’s fastest PoS blockchain.

Bulls expect the Chang Hard Fork to make Cardano’s blockchain more attractive to developers and drive the token’s price higher. The recent approvals of Ethereum’s first spot ETFs — set to begin trading on July 23 — could also pave the way for similar ETFs for smaller PoS tokens like Cardano and Solana. These tailwinds could limit Cardano’s downside potential and bring the bulls back in.

Best Buy: Cardano

Both XRP and Cardano are highly speculative investments, so you shouldn’t invest money you can’t afford to lose in either coin. But if I had to pick one right now, I’d buy Cardano because it natively supports smart contracts, it’s faster than Ethereum, its developer ecosystem is expanding, and it continues to evolve. Ripple’s potential victory against the SEC could temporarily boost its price, but it doesn’t have any clear long-term advantages over other cryptocurrencies.

Sun Leo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Cardano, Ethereum, Solana, and XRP. The Motley Fool has a disclosure policy.

Fuente

Memecoins

Memecoins dominate major derivatives in terms of open interest | Flash News Detail

Published

3 months ago

1 August, 2024

TokenTalk Staff

Bitcoin Dominance May Have Peaked, Ethereum ETF Could Trigger Altcoin Momentum

Disclaimer

Disclaimer: Blockchain.news provides content for informational purposes only. Under no circumstances shall blockchain.news be liable for any direct, indirect, incidental or consequential damages arising out of the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making any financial decisions.

Fuente

Memecoins

Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don’t miss the winnings

Published

3 months ago

1 August, 2024

TokenTalk Staff

Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don't miss the winnings

August offers investors a unique opportunity to capitalize on the potential gains offered by Shiba Inu (SHIB) and Mpeppe (MPEPE)These two memecoins take advantage of the viral nature of internet memes and popular culture, attracting a diverse and enthusiastic audience. In this article, we’ll look at why Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for gains this month and why you shouldn’t miss out on the potential profits.

The viral power of memecoins

Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid spread of the cryptocurrency’s brand and message across various online platforms, potentially appealing to a broader and more diverse audience. Shiba Inu (SHIB) and Mpeppe (MPEPE) are great examples of how this viral potential can translate into substantial community growth and market presence.

Shiba Inu: riding the wave of popularity

Shiba Inu (SHIB) has established itself as a major player in the memecoin space. With its cute canine mascot and strong community support, Shiba Inu (SHIB) has gained a significant following. The coin’s ecosystem continues to grow, with projects like ShibaSwap adding to its utility and appeal. Investors are optimistic about Shiba Inu’s future, expecting it to ride the wave of popularity that has kept it in the spotlight.

Ecosystem expansion

THE Shiba Inu (SHIB) The Shiba Inu (SHIB) ecosystem is constantly expanding, offering new features and utilities that enhance its value proposition. Projects like ShibaSwap provide users with opportunities to stake and earn rewards, making Shiba Inu (SHIB) more than just a meme currency. This expansion helps solidify its market position and attract a wider audience.

Balancing humor and professionalism

Mpeppe (MPEPE) offers a unique and light-hearted approach to the serious world of digital assets, balancing humor and professionalism. Inspired by internet memes and the dynamic energy of football fans, Mpeppe (MPEPE) is quickly gaining traction in the crypto community.

Mpeppe (MPEPE) offers an opportunity to reach a younger demographic and tap into the viral nature of internet culture. By balancing humor and professionalism, Mpeppe (MPEPE) appeals to a wide audience, from casual meme enthusiasts to serious investors. This strategy is similar to the one that made Shiba Inu (SHIB) so successful, but with a modern twist.

Expanding Reach and Adoption

Mpeppe’s (MPEPE) ability to leverage internet culture means it has the potential to rapidly expand its reach and adoption. The memecoin’s branding and community-driven approach make it accessible and appealing, much like Shiba Inu (SHIB) in its early days.

Why August is the month to invest

As the cryptocurrency market experiences a surge in interest, August presents a great opportunity to invest in promising assets like Shiba Inu (SHIB) and Mpeppe (MPEPE) Both coins are well positioned to capitalize on the growing interest in memecoins, driven by their unique appeal and active communities.

Conclusion: Don’t miss the benefits

Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for a profitable August, leveraging their viral potential and strong community support to attract a diverse audience. With the cryptocurrency market in full swing, now is the perfect time to consider investing in these promising memecoins. Just as Shiba Inu (SHIB) captivated the crypto world with its unique appeal, Mpeppe (MPEPE) is poised to make its mark. Don’t miss out on the potential gains these innovative digital assets have to offer.

For more information on the Mpeppe presale (MPEPE):

Visit Mpeppe (MPEPE)

Join us and become a member of the community:

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

Fuente

Memecoins

Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further

Published

3 months ago

1 August, 2024

TokenTalk Staff

Solana climbs 4% on the back of rising Meme Coins and Alts

Solana, the fifth-largest crypto asset by market cap, has fallen 8% in the past 24 hours, according to CoinGeckolike his Meme Coin Market Prices of some coins, which can be notoriously volatile, have fallen by as much as 43% in the past day.

As the cryptocurrency market bleeds with Bitcoin (Bitcoin) down 2.7% and Ethereum (ETH) 4.2%, Solana (GROUND) was the hardest hit among the top 10 cryptocurrencies, falling 8.2% to $168 on the day, according to data from CoinGecko. Along with this, meme coin Solana suffered huge losses.

The biggest loser in the last 24 hours is the bigger of the two Black (NEIRO) on Solana which fell nearly 44% to $0.01821. These tokens were launched after the owner of Kabosuthe Shiba Inu that inspired the Doge meme, announced that she had adopted a new dog named Neiro. Interestingly, her rival on the network launched an hour beforealso called Black (NEIRO), is up 75.2%. It appears that the Solana Neiro Civil War is far from being decided.

Other big losers include: Pump.fun’s Favorites Billy (BOWL), down 26.4%, and Michi (MICHI), which fell 24.5%. Over the past 24 hours, both tokens have flipped their market caps multiple times, but dog token Billy is currently in the lead with $94 million, about $3 million ahead of Michi.

Dog with hat (Wireless), the largest meme coin on Solana, was also hit, dropping 12.4%. Bonk (BONK), the second-largest Solana meme coin, fell 9.1%. In fact, among the top 50 Solana meme coins by market cap, only four tokens are in the green, with Zoomer (ZOOM IN) leading the pack with 41.1%.

Meme coins are notoriously high-risk assets and tend to post disproportionate losses when the broader market experiences a downturn.

Brain (BRAIN), Michi (MICHI), Mini (MINI), Shark cat (SC), and many others, for example, have suffered greater losses in the last 24 hours than any of the top 100 cryptocurrencies by market capitalization.

In the world of meme coins, when it rains, it rains.

Edited by Stacy Elliott.

Fuente

Memecoins

Trader Says Bitcoin’s Path to $100,000 Is ‘Currently Programmed’, Updates Outlook on Memecoin That’s Up Over 18,000% YTD

Published

3 months ago

1 August, 2024

TokenTalk Staff

Trader Says Bitcoin's Path to $100,000 Is 'Currently Programmed', Updates Outlook on Memecoin That's Up Over 18,000% YTD

A widely followed analyst and trader expresses bullish sentiment on Bitcoin (Bitcoin) while offering his take on the memecoin built on Solana (GROUND) blockchain ecosystem.

Starting with Bitcoin, the analyst known by the pseudonym Altcoin Sherpa tell His 219,000 followers on social media platform X say Bitcoin is on the verge of hitting a six-figure price.

“There will be bumps along the way, but Bitcoin’s path to $100,000 is on schedule. Don’t get rattled or lost along the way.”

Source: Altcoin Sherpa/X

At the time of writing, Bitcoin is trading at $66,236.

According to For the widely followed trader, Bitcoin enjoys strong support between $63,800 and $65,000, where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.

Source: Altcoin Sherpa/X

Next up is the Solana-based memecoin Popcat (POPCAT). The pseudonymous trader and analyst said that among the cat memecoin family, POPCAT is one of the “best” in the long run.

Altcoin Sherpa, however, says POPCAT looks bearish on the short-term four-hour time frame and needs to climb above a range low between $0.694 and $0.724 to avoid falling further.

Source: Altcoin Sherpa/X

POPCAT was trading at $0.00379 on January 5th and is now at $0.704, a gain of approximately 18,475%.

Altcoin Sherpa also offers his take on dogwifhat (Wireless), Solana-based Memecoin. According to For the pseudonymous analyst, WIF “still looks pretty good for now” on the four-hour chart with the “best” support area sitting around $2.10.

“The average would probably be $2.30 to $2.10 if I were you and I was swing trading this one.”

Source: Altcoin Sherpa/X

WIF is trading at $2.27 at the time of writing.

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