Memecoins

Make good use of memecoins, says Ethereum co-founder Vitalik Buterin – and he has examples – DL News

Published

8 months ago

29 April, 2024

Make good use of memecoins, says Ethereum co-founder Vitalik Buterin – and he has examples – DL News

Despite having little or no utility, some memecoins have a valuation in the billions.
Ethereum founder Vitalik Buterin suggested tying them to charity or finding other ways to exploit taders’ desire for fun and profit.

Every day, crypto traders trade billions of dollars worth of memecoins – blatantly useless tokens with tickers that often point to internet memes like Pepe the Frog.

Vitalik Buterin, co-founder of Ethereum, believes there is a better way.

Memecoin creators should set aside a large portion of their tokens for charitable causes – or, better yet, create crypto-based video games designed to help low-income gamers, he said on his site Internet. Blog Friday.

“I have no enthusiasm for coins named after totalitarian political movements, scams, rugpulls or anything that seems exciting in month N but leaves everyone upset in month N+1,” said he writes, referring to an eruption of offensive memecoins on the Solana blockchain.

Stay ahead of the curve with our weekly newsletters

“At the same time, I appreciate people’s desire to have fun, and I’d rather the crypto space somehow swim with that current rather than against it.”

Memecoin mania

Dogecoin is the original meme coin. It was made as a joke in 2015, mocking the speculative frenzy that often gripped the crypto economy.

It wasn’t digital money or digital gold, like Bitcoin. This did not represent governance rights in a digital cooperative, such as Arbitrum’s ARB. It had no integrated return, nor connection to another stable asset.

But Dogecoin’s market cap surged to over $88 billion during the 2021 bull market. And paved the way for other equally stupid and useless tokens.

Join the community to receive our latest stories and updates

Last year, PEPE has taken Ethereum by storm. This year, Dogwifhat jumped on Solana. Both now have a market capitalization above $3 billion.

Most have no intrinsic value and their value is entirely determined by hype and the investor’s gain (or loss) by the timing of its release.

Memecoins accounted for around 5% of Ethereum transaction fees over the past month, according to data collected by data analyst James Tolan.

And they represent a similar percentage of trading volume on Ethereum’s decentralized exchanges, according to SixDegree Lab.

Thursday, meme coin trading volume overcome $113 million on Ethereum.

Positive sum tokens

“If people value having fun, and financialized games at least sometimes seem to offer that, then could there be a more positive-sum version of this whole concept?” » said Buterin.

His first idea is rather simple: a certain percentage of a newly issued memecoin, or the transaction fees it generates, should be set aside for charity.

According to Buterin, the most successful example might be Dogelon Mars, an Elon Musk-themed token.

In 2021, he transferred Dogelon worth $145 million to the Methuselah Foundation, a space travel and anti-aging nonprofit dedicated to “making 90 the new 50,” according to its website .

This was 43% of Dogelon’s circulating supply, causing panic among other investors, who feared a fire sale that would destroy the token’s value. But the non-profit association promised be a good steward of the token.

“We will take the same nurturing approach with our Dogelon Mars holdings because we understand that the value of cryptocurrency depends on maintaining public trust and capturing their imagination, just like baseball cards or other objects of value. collection”, David Gobel, co-founder and CEO of the foundation. said in a statement at the time.

“We want $ELON to continue to gain value over the long term.”

Later that year, holders of Dogelon vote to finance an experiment led by Methuselah.

“The community has donated funds to send award-winning vascular tissue research to the International Space Station (ISS), where experiments can continue beyond Earth’s gravity,” the nonprofit said on his blog.

“The ability to grow human organs will be important for crews who will eventually be involved in deep space travel.”

While the token’s value has exploded since the heady days of 2021, Vitalik believes the foundation has delivered on its promise.

“Both Methuselah Foundations and the Dogelon Mars community appear to be developing a positive-sum relationship with each other, retroactively converting $ELON into a charity coin,” Buterin said.

Other charity-related pieces were less successful.

GiveWell Inu – named after a Shiba Inu, like most dog-themed memecoins – donated its profits to GiveWell, Buterin noted. But it’s limited deceasedwith only one or two transfers per day on average.

Video games

Buterin is more optimistic about the impact of crypto-based video games.

While some have criticized the so-called play-to-earn model employed by crypto-based games such as Axie Infinity, Buterin hopes to see “Robin Hood games” – new crypto-based games designed to benefit players at low income.

“If the goal is to satisfy people’s desire to have fun, we should not create simple copy-and-paste coin-ops, but rather more complicated and interesting games,” he wrote.

Additionally, “games that improve the economic situation of low-income gamers, in particular, are more likely to leave their communities better off than they were before.”

Aleks Gilbert is DL News‘ DeFi correspondent based in New York. You can reach him at aleks@dlnews.com.

Fuente

Memecoins

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

Published

5 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

5 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

5 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

5 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.

Don’t miss a thing – Subscribe to receive email alerts directly to your inbox

Check Price action

follow us on X, Facebook And Telegram

Surf The Daily Hodl Mix

&nbsp