Memecoins

Here’s Why Some Cryptocurrency Investors Think There’s a Coin Supercycle Currently Existing

Published

7 months ago

8 May, 2024

Here's Why Some Cryptocurrency Investors Think There's a Coin Supercycle Currently Existing

One of the most popular stories among cryptocurrency investors over the past six months is that the cryptocurrency sector is currently at the very beginning of a “coin supercycle” that will send piece of money valuations in the stratosphere. Such claims have also been made during previous cryptocurrency bull runs – and whether they turned out to be true or not, well-positioned investors behaved like bandits.

So let’s take the time to dive into the coin supercycle hypothesis to see how plausible it is and how you can make money from the continued rise in interest in the segment, as most predicted higher levels become reality or not.

The arguments in favor of the supercycle

The halving of Bitcoin(BTC -1.65%) mining reward, which occurred at the end of April, is proposed as the kickoff of the supercycle. The theory is that once the price of Bitcoin adjusts upward to account for the permanent reduction in the additional supply of new coins via mining, it will drag down the rest of the crypto ecosystem. currency with it, either immediately or after its own bull run ends. The idea is that investors will be willing to liquidate some of their supposedly huge gains to pursue growth elsewhere once Bitcoin’s momentum subsides.

At the same time, the uptrend will be fueled by huge amounts of new capital expected to flow inward following the approval of exchange-traded funds (ETFs) as the Grayscale Bitcoin Trust by the Securities and Exchange Commission (SEC). Before, investors at least needed some sort of cryptocurrency trading account to invest; With ETFs, people can buy a security whose value is closely tied to Bitcoin from their retirement accounts, opening the door for even greater demand to compete for the freshly limited supply of the coin. If other ETFs are approved, such as for Ethereumit could also have an additional incidental effect.

Solana (GROUND -5.70%), a popular blockchain to exchange coins even like dog hat at present, it would be the main beneficiary of capital inflows into Bitcoin. The argument here is that for new investors, this is the easiest channel to navigate because it works quickly, requires minimal fees, and has a wide selection of serious crypto projects. decentralized finance (DeFi) as well as countless coins with no intended use.

Additionally, there is reason to believe that investors as a whole want exposure to meme coins. Venture capital groups and hedge funds are now starting to get serious about coin investing because they want to capture some of the absurd returns that are sometimes possible in this area. Additionally, since 2021, many small investors are familiar with the idea of a meme coin, having invested in Dogecoin Or Shiba Inu and seen their impressive races.

Then there is the situation with inflation and the Federal Reserve’s willingness to mitigate it. Crypto investors who advocate the supercycle suggest that the Fed will likely cut its prime interest rate at least once in 2024. As the cost of borrowing falls, there is therefore more capital to invest further down the road. the risk curve than before, and towards the most speculative investments like memes.

Finally, supercycle proponents point to a growing sense of economic discontent among younger crypto investors. These investors have faced significant financial obstacles to achieving their life and financial goals, particularly for key achievements like homeownership, and so they are becoming increasingly nihilistic about their chances of future success . Therefore, their alleged desire to invest in the riskiest corners of cryptocurrency, where they believe life-changing returns lurk, will drive the coin’s bull market all the more intensely, even after that the Bitcoin catalysts have occurred.

Don’t put the horse before the cart

So far, it is ambiguous whether the coin supercycle hypothesis will turn out to be true or false. That being said, most of the arguments for this solution pass the sniff test.

The Halving Process will in fact ultimately lead to a scarcer supply of Bitcoin, and the ETF will facilitate the entry of capital into the market. crypto ecosystem. Solana is indeed the lowest-friction channel to use in my experience, and there is already a rich set of software and hardware tools that investors might need to research and transact. The memes of the moment are on this channel and they are gaining notoriety among the public day by day.

But predicting the likelihood of a rate cut is vague to say the least. Market expectations regarding the Federal Reserve’s decisions in this area have been repeatedly contradicted over the past year.

Likewise, it’s likely that there are at least a few disenchanted young crypto investors. Still, predicting that their desperation will cause them to invest in meme coins in large numbers over a specific period of time is a bit of a stretch, even if the gist of it makes sense.

Don’t take this to mean that you should or shouldn’t invest in coins or other cryptocurrencies at this time. If your wallet is diversified and you have additional capital to allocate to a riskier investment, it’s worth considering buying a coin like Solana or Bitcoin to start. And if you can tolerate volatility, picking one or two coins to make a small investment might be appropriate – but don’t get caught up in the hype around the supercycle and don’t overcommit if it starts to fade. accelerate.

Alex Carchidi holds positions in Bitcoin, Ethereum, Shiba Inu, Solana and WIF. The Motley Fool posts and recommends Bitcoin, Ethereum, and Solana. The Mad Motley has a disclosure policy.

Fuente

Memecoins

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

Published

4 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

4 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

4 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

4 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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