Memecoins
Degenerator aims to bring Memecoin supercycle to Tezos via Etherlink
Important to note: Etherlink is currently in beta and Degenerator is currently using the Etherlink testnet. As with any application on any blockchain, users should exercise caution and perform due diligence before interacting. Our articles do not endorse any project/app, nor do they constitute financial advice. They are provided simply to inform our readers with readily available information that has been provided elsewhere.
Degenerator.wtfdone by Merkle X is a new player in the blockchain space, aims to drive the memecoin era on the Tezos ecosystem. The platform seeks to democratize the creation of memecoins, making it accessible and secure for a wider audience.
Here are the main features of Degenerator.wtf:
- User-friendly interface: Users can create their own memecoins with customizable names and tickers, reducing technical barriers.
- Predetermined supply: Each memecoin has a reserve of 1 billion tokens.
- Integration with Etherlink: Leveraging Etherlink’s sub-second block confirmation times, low transaction costs, and robust security features.
- Degen Hub Ecosystem: A suite of products and features to support the sustainable memecoin economy and user growth.
Degenerator.wtf declared, “We are here to fuel the memecoin supercycle on Tezos highlighting their commitment to creating a thriving memecoin market on Tezos, leveraging the platform’s unique features.
The Attention Economy and the Rise of Memecoins
In today’s digital age, the “attention economy” is crucial. As mentioned in the Degenerator article Nobel laureate Herbert A. Simon coined the term to describe a market where attention is a rare commodity. Platforms that capture and monetize user attention can earn significantly. Memecoins, which derive their value from social perception and community engagement, are powerful instruments in this economy.
Degenerator States: “Memecoins should not be underestimated as an industry, but should be seen as a key focus for any blockchain to gain initial traction and adoption.”
Initially inspired by Internet memes, memecoins have evolved from humorous experiments to serious investment vehicles and community builders. Unlike traditional cryptocurrencies driven by technological utility, memecoins capture and monetize cultural and social engagement. They reflect trends and dynamics in real time, transforming memes into tradable assets that symbolize what captures the collective imagination.
The financial value of memecoins is substantial, with a total market capitalization currently of $57.88 billion. Despite their humorous origins, memecoins are expected to be a key building block for blockchains seeking initial traction and adoption.
Challenges and democratization
Creating and launching memecoins has traditionally been a technical challenge, requiring significant blockchain expertise and resources. This limited participation to a small informed group. Additionally, the process often lacks transparency and can be prone to market manipulation and scams. Degenerator.wtf aims to democratize this process.
Developed for Ether Link, Tezos’ first EVM-enabled rollup, Degenerator.wtf provides a user-friendly interface for creating memecoins. This platform simplifies technical barriers and expands the memecoin market to a wider audience. Users can connect their wallets, generate new memecoins with customizable names and tickers, and benefit from the predetermined supply of 1 billion tokens.
Technical advantages of Etherlink for Memecoin projects
Etherlink, the first EVM compatible layer 2 powered by Smart Rollups dedicated to Tezos, offers several very advantageous advantages for memecoin projects:
- Sub-second block confirmation times: Ensures rapid processing of transactions.
- Low transaction costs: Makes trading profitable.
- 500ms latency and evidence of unauthorized fraud: Guarantees fast and secure transactions.
- MEV protection and delayed inbox: Improves transaction security.
- Scalability: Supports high transaction throughput.
Yann Régis-Gianas highlighted these advances from Etherlink in a recent tweet:
500ms latency, permissionless fraud proofs, delayed inbox, $0.001 per ERC20 transaction… and DAL-supported MEV protection and bandwidth coming soon. Meet the first #EVM layer 2 compatible powered by #tezos dedicated to Smart Rollups! Exciting time! The mainnet beta phase! https://t.co/3VxAR2HDfj
— Yann Régis-Gianas (@yurug) May 15, 2024
Vision and future prospects
Degenerator.wtf aims to bring attention to Etherlink, creating a sustainable MemecoinFi economy. They plan to introduce new features and mechanisms that drive engagement and adoption. This initiative is expected to attract a new wave of user adoption, reinforcing the importance of Tezos as a platform for developers and users.
Degenerator.wtf article on Paragraph.xyz describes their vision for fueling the memecoin supercycle. They emphasize the combination of technical superiority and strategic planning. Degenerator.wtf plans to integrate additional features to support the sustainable memecoin economy within the Degen Hub ecosystem.
Other features appear to be in the works: Arthur B. commented on Degenerator.wtf’s strategic use of the binding curve mechanism, for which Degenerator.wtf confirmed it as a priority feature.
The next steps
This initiative signals the evolution of the Tezos ecosystem, aimed at attracting more projects and developers. By integrating innovative solutions and leveraging the strengths of Tezos, Degenerator.wtf aspires to lead the next wave of memecoin projects, thereby driving the growth and adoption of the Tezos blockchain.
For more information about Etherlink, visit Ether Link And Etherlink Documentation. For more information on Degenerator.wtf’s vision, check out their full article at Paragraph.
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Our articles do not endorse any project/app, nor do they constitute financial advice. They are provided simply to inform our readers with readily available information that has been provided elsewhere.
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Memecoins
Memecoins dominate major derivatives in terms of open interest | Flash News Detail
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Memecoins
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.
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Memecoins
Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further
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.
Memecoins
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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