Memecoins
PEPE soars amid Ethereum ETF optimism as new memecoins prepare to surge
Disclosure: This article does not represent investment advice. The content and materials presented on this page are intended for educational purposes only.
Pepe’s price rises following positive Ethereum ETF news, while Galaxy Fox (GFOX) gains ground as a small-cap memecoin on Ethereum.
The crypto market saw a boom earlier this week, fueled by positive news on the Ethereum ETF. According to Bloomberg ETF analysts, the chances of getting a place Ethereum ETF approval increased from 25% to 75%.
This news sparked a frenzy in the altcoin market, especially for projects built on the Ethereum network, like the PEPE meme coin. Let’s go into detail and explore a low-cap meme coin on Ethereum.
PEPE memecoin price rises following positive ETH ETF news
Last week, PEPE price reached a new all-time high, crossing the $0.000011 zone and reaching a market cap of $4 billion. Following this surge, PEPE entered a correction phase, trading below the $0.00001 level for a few days.
However, following yesterday’s positive news, PEPE saw another uptick, rising back around the $0.000011 mark, once again trading near its all-time high zone. The current market capitalization now stands at an impressive $4.6 billion.
PEPE outperformed other top coins today, like SHIB, DOGE and FLOKI, whose prices have also increased – albeit more modestly, ranging from 6% to 8%.
Santiment reported that the excitement surrounding the potential approval of Ethereum’s first spot ETF acted as a catalyst, propelling the crypto market into one of its top five days in 2024.
Remarkably, Ethereum (ETH), Uniswap (UNI), PEPE, Bonk (BONK), and Lido DAO (LDO) all saw gains above 20% over a 24-hour period. Even Bitcoin’s impressive rise to $71,400, marking its highest level in six weeks, was overshadowed by the fervor surrounding the Ethereum ETF news.
From a technical analysis perspective, the MACD signal line for PEPE is currently below the MACD line, indicating a potential bearish signal. The relative strength index (RSI) is hovering around 70, suggesting the asset may be overbought in the near term.
Even though the PEPE price rise has been impressive, a period of reflection or consolidation cannot be ruled out in the coming days.
Low-Cap Memecoin on Ethereum: Galaxy Fox
For those interested in exploring memecoins on the Ethereum network beyond PEPE’s large market cap, Galaxy Fox (GFOX) it might be worth considering. This low-cap coin is up about 20% today, but still maintains a market cap of less than $1 million, according to Data from Dextools.
GFOX completed a very successful crypto presale earlier this year, raising over $6 million. After today’s pump, the current GFOX price stands at $0.00067. What gets attention when it comes to Galaxy Fox is its Web3 Runner utility and game.
The GFOX ecosystem includes the following features:
- Gameplay to win: Players can participate in the game and earn GFOX tokens as a reward for their participation and achievements.
- Staking: Token holders can stake their GFOX tokens to earn passive income streams, incentivizing them to hold and support the ecosystem.
- Token engraving: The GFOX token features a burn mechanism, which reduces the total token supply over time, potentially increasing the value of remaining tokens held by users. The total amount of GFOX tokens is 5 billion, but just over 1 billion are currently in circulation.
Galaxy Fox’s core offering is a Web3 endless running game in which players can earn GFOX tokens based on their performance in the game. The top 20% of players in each season will receive GFOX token rewards.
On May 12, Galaxy Fox announced the launch of the beta testing phase of its web3 runner game. They expressed excitement about inviting members of their community to participate and provide feedback via email invitations.
Galaxy Fox emphasized the value they place on community insights and highlighted these beta tests as an incredible opportunity for users to get an exclusive look at the game, test its features, and offer valuable feedback to improve the overall gaming experience.
Conclusion
To conclude, the positive news from the Ethereum ETF has sparked a rally in the crypto market, especially for projects built on the Ethereum network, such as PEPE and GFOX. Although the rise in PEPE prices has been impressive, a period of reflection or consolidation cannot be ruled out.
For those looking for exposure to low-cap meme coins on Ethereum, Galaxy Fox presents an intriguing option and potentially the next meme coin to explode with its web3 runner game to win and token burning mechanism.
To learn more about GFOX here, visit the Galaxy Fox presale And join the community.
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.
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):
Visit Mpeppe (MPEPE)
Join us and become a member of the community:
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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