Memecoins

This Coinbase Catalyst Could Send Solana Meme Coins Skyward

Published

8 months ago

5 May, 2024

This Coinbase Catalyst Could Send Solana Meme Coins Skyward

This new development will open the doors for casual crypto investors.

Global Coinbase (PIECE OF MONEY -2.45%) is the cornerstone of the cryptocurrency ecosystem, providing investors with easy access to convert their dollars into a plethora of different tokens. Although it is not the only company providing these services, it is clear that with such a privileged position, its offerings tend to have a big impact on cryptocurrencies, including the most popular ones like Solana (GROUND -0.19%).

Coinbase recently launched a new service that will likely catalyze the growth of Solana, as well as the many meme coins on-chain. Here’s what’s happening and how you can position yourself to take advantage of it.

Crypto infrastructure matters

Getting started with investing in cryptocurrencies for the first time is difficult. A large part of the blockchain the technology itself is clunkier than typical consumer software applications. Plus, the space has so much technical jargon to learn, so many slang terms to know, and a reputation for scams and risk that is enough to keep many people away.

Coinbase is working to address some of these issues by launching a new, highly streamlined platform for users to hold and use their coins.

The new “smart” Coinbase wallet is compatible with Bitcoin, Ethereum, and Solana, as well as all ERC-20 channels. It can interface with decentralized applications (dApps) and decentralized exchanges (DEX), store non-fungible tokens (NFTs), connect to a user’s bank account, and freely transact with a user’s Coinbase account. user. Everything people could do with a self-directed wallet, including staking tokens in a liquidity pool, swapping token pairs, and borrowing or lending crypto, is doable with the new wallet.

Coinbase hopes its innovation will bring up to 1 billion people into the crypto markets because of how easy investing in the space will become compared to what it is currently. It’s unclear whether the company will be able to onboard all the users it hopes. But if it manages to attract even a fraction of the population it hopes for, the implications for cryptocurrency markets, particularly Solana, will likely be gargantuan.

Currently, on the Coinbase website, users are limited to trading in cryptocurrencies that the company selects as suitable, which tend to be the most reputable currencies. It means the biggest coinsas Shiba Inu And Dogecoinare tradable, but future coins are often not available until long after an investor prefers to begin a position.

With the new wallet, there is still the constraint of being able to transact only with coins Coinbase has chosen to list, and it may still take a long time for the company to list promising new issues. But because the wallet allows transactions to be carried out via decentralized exchanges (DEX), the company does not need to hold the tokens itself, so the accessible universe of investment projects is much larger . So, investors will now have the opportunity to invest in coins much earlier than before and will generally be able to invest in much smaller coins if they choose to do so.

For Solana Chain coins, where most of the smaller and riskier meme coins reside, the new wallet could generate significant growth across the board. If Coinbase chooses to list projects more loosely than it currently does for users of its wallet, which will be necessary if it intends to defend the claim that its wallet allows people to retain custody and ownership. complete control of their cryptocurrency holdings, the impact will be even greater. bigger.

Regardless, this is a big green flag for Solana and coin investors.

You don’t need to take risks to enjoy some of the future growth.

There’s no need to start investing in meme coins yourself to take advantage of the influx of capital spurred by Coinbase’s new wallet. There is also no need to download the wallet yourself if you already have a setup that works for you. The safest way to gain exposure to the anticipated upside is to simply buy Solana and hold it for the long term, as anyone trading coins on-chain will need to purchase its native. token First of all.

If you want to get a little more sophisticated by tackling coins as well, do yourself a favor and stick to proven winners rather than supposedly emerging contenders. The reigning champions will always be very risky and volatile.

But they will also be the entry point that most new cryptocurrency investors will have to invest in coins due to their size and proven effectiveness in attracting a share of attention over time. And, at least in the case of Shiba Inu and Dogecoin, they have enough history that it is very unlikely that their prices will collapse all the way to zero.

Above all, don’t take risks with money you can’t afford to lose. Play the long game and play it carefully. If you haven’t done it yet diversified your portfolio enough, the best decision is to do this before approaching the idea of buying Solana coins or even, as responsible financial management of your portfolio is a greater priority.

Alex Carchidi has positions in Bitcoin, Ethereum, Shiba Inu and Solana. The Motley Fool holds positions and recommends Bitcoin, Coinbase Global, 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

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.

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