Memecoins
Memecoins, Staking with a Twist, DeFi Nanciarization of New Verticals
Crypto’s wildest speculators have turned their attention to the latest trends
Bettmann Archives
Having recently reflected Regarding the development of crypto markets since the 2021 bull run, I also reflected on trends in the broader Web3 sector and how much change we’ve seen in just three years.
As headline-grabbing stocks in 2021, NFTs are a good example. Even though cryptocurrency prices soared in early March, NFT
NFT
markets were rocked by sell-offs, with prices falling up to 30% for some once-popular collections. While the format still offers plenty of opportunity for utility, the market hype simply hasn’t carried over into 2024.
Instead, crypto’s wildest speculators have turned their attention to the latest trend: memecoins. However, Karim HaimCEO of the blockchain infrastructure project Web3Intelligence, which develops the Dopamine application, believes that this is much more than just speculation:
“Memecoins mirror the trajectory of NFTs but with distinct nuances. Memecoins have become emblematic of how digital assets can encapsulate and drive engagement around cultural phenomena. More than just speculative assets, memecoins represent in 2024 a democratization of influence previously monopolized by venture capitalists and institutional investors. This shift toward community-driven value creation and marketing is profound, illustrating the potential of decentralized networks to empower individuals and communities.
The news that even hedge funds are to be sensitive to the appeal of dog-themed cryptos, lends considerable credence to his view – and once again highlights the pace and scale of acceptance in recent years.
DeFi, another trend that characterizes the 2021 bull market, has evolved rather than transformed. As LUNA collapses in 2022
MOON
could have sounded the death knell for the sector, the emergence of Ethereum
ETH
staking turned into a timely opportunity. While loans and DEXs were once at the top of the DeFi Leaderboards, these days it’s all about maximizing staking returns with liquid staking on Lido and retaking on EigenLayer. The latter is proving to be catnip for venture capital firms, with restoration-adjacent protocols Aligned Layer and Othentic generating a combined total of $24 million end of April. This follows the epic of EigenLabs 100 million dollars rise earlier this year – one of the tricks that is helped to resuscitate the previously declining Web3 funding scene.
However, a perhaps slower trend is the creeping presence of DeFi in otherwise unrelated sectors, creating previously unexplored avenues for value and revenue creation. GameFi was the first example of this, and it has also risen to prominence in the 2021 market, largely thanks to the popularity of Axie Infinity.
This time around, Web3 games have progressed from their first iteration based on startups experimenting with the technology. Ubisoft said it was work on Web3 Games and plans to release two titles later this year. The company also expanded its gaming team and licensed some of its intellectual property to Web3 gaming companies. The recent viral popularity of Notcoin, a “social clicker” game that has managed to attract an impressive 35 million players, speaks to the appetite for rewards, provided the public can see their value.
However, the DeFi makeover extends to other verticals – SocialFi is an example of a relatively new segment introducing financial elements into social media. Another is SportFi, led by Chiliz
CHZ
, the project that became synonymous with fan tokens during the last bull market thanks to high-profile collaborations with teams including PSG, Juventus and AC Milan. The project now seeks to consolidate its position at the intersection of Web3 and sports, as CEO and founder. Alexandre Dreyfus explain :
“We have integrated and collaborated with several game titles in the areas of football management, metaverse experiences and fitness games. Also worth discussing is the ongoing development of Web3-based fantasy games in collaboration with prominent sports rights holders such as Ligue 1 in France, K League in Korea and the United Arab Emirates.
United Arab Emirates
Pro League. This innovative approach allows traditional brands to venture into the gaming community, opening up additional revenue streams through digital assets and enhanced fan engagement mechanics.
So memecoins, staking with a twist and the DeFi-nancialization of new verticals for 2024 – who’s betting on what will emerge in 2027/2028?
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.
For more information on the Mpeppe presale (MPEPE):
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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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