Memecoins
Nansen Analyst Predicts These Crypto Coins Will Outperform Meme Coins During Market Rebound
Aurélie Barthere, principal analyst at on-chain analytics firm Nansen, shared a recent market prediction for crypto assets. Barthere believes that major cryptocurrencies like Bitcoin, Ethereum, and Solana could potentially outperform meme coins as the market recovers.
This projection is based on a comprehensive analysis of various factors including on-chain data, Stablecoin market capitalization, fee analysis, and overall ecosystem growth indicators.
Risk Sentiments and Crypto Market Trajectory
According to According to Barthere, recent cryptocurrency sales have reduced risk sentiment among traders. This led to a pronounced negative distortion of the distribution of returns.
This change in sentiment has caused investors to become more risk averse, potentially favoring larger, established companies. cryptocurrencies on riskier assets like meme coins.
“Our analysis suggests that the recent crypto sell-off has reduced traders’ risk sentiment, leading to a notable negative twist in the distribution of returns,” Nansen said.
Barthere emphasized: “As the market recovers, we expect a more moderate trajectory, potentially centered around major tokens. » The analyst’s prediction is further supported by technical price patterns which indicate that cryptocurrency prices are oscillating between consolidation and further correction.
This market volatility has been influenced by a variety of factors, including strong earnings reports from tech giants like Alphabet and Microsoft. These reports exceeded expectations, particularly in the area of artificial intelligence (AI) and cloud services.
“Nansen”“Weekly Search” report, released on April 28, revealed sustained growth in the crypto ecosystem. The spike in cross-chain fees aligned with crypto price action confirms this.
This increase in cross-chain activity suggests increased adoption and usage of decentralized applications and protocols (dApps) across various blockchain networks.
A key indicator of this growth is the higher market capitalization of Stablecoin, signifying increased liquidity and demand for stable digital assets in the crypto space.
Stablecoins play a crucial role in facilitating transactions, lending, and commercial activities, and their market capitalization growth reflects the expansion of the ecosystem.
Cross-chain fees and blockchain performance
Cross-chain fees peaked in March, coinciding with cryptocurrency price action. This trend highlights the increased interoperability and interconnectivity between different blockchain networks.
This allows users to seamlessly transfer assets and operate various protocols across multiple ecosystems. Within this ecosystem, Solana (SOL) has preserved its paid market share, reflecting sustained usage and activity across its network.
Meanwhile, Base has become a serious competitor, gaining traction and attracting users to its platform. However, Arbitrum, a major Ethereum Layer 2 scaling solution, has seen its fee market share decline.
This could be attributed to various factors, such as network congestion, changing user preferences, or the emergence of competing solutions.
Although the recent Renzo Restaked ETH depeg did not have a significant impact on the price of other staked tokens, Nansen analysts are monitoring the market for significant deleveraging.
Excessive leverage can amplify market movements and increase systemic risk, which could lead to cascading liquidations and possible contagion effects.
As such, the leverage level of these staked token protocols is closely monitored to assess potential risks and vulnerabilities. Besides on-chain data and ecosystem growth indicators, external factors also influence market sentiment.
Strong income reports tech giants like Alphabet and Microsoft have exceeded expectations. This is particularly evident in artificial intelligence (AI) and cloud services, which provided a positive boost to overall market sentiment.
These encouraging results from major technology players could potentially boost investor confidence and contribute to a more favorable market environment. This could potentially benefit established cryptocurrencies like BTC, ETH, and SOL.
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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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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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