US Election crypto voters are increasing, discover top Altcoins to accumulate before a huge surge

 As more crypto voters are showing interest in the upcoming US elections, enthusiasts maintain optimism that the outcome of the presidential elections will favour the crypto market. Meanwhile, some top altcoins to accumulate, which are anticipated to surge exponentially following the US elections, include Ripple, Shiba Inu, Pepe, Polygon and the new promising meme coin KangaMoon.

KangaMoon dominates the meme coin space

At the moment, KangaMoon (KANG) is beginning to gain traction in the meme coin space. In addition, sales from the ongoing presale have already exceeded $7.7 million, and estimates indicate that they will surpass $8 million in the next two weeks. Furthermore, KangaMoon has become well-known for creating a sizable community with over 32,000 registered users.

KangaMoon is a source of excitement for traders worldwide because it intends to dominate the Play-to-Earn (P2E) gaming market. To do this, it will start a P2E game where you can play and win KANG through in-game activities. Additionally, since it enables you to take part in weekly, monthly, and quarterly challenges that give you access to extra rewards and in-game items, having the KANG token is essential.

It's noteworthy that before its official launch, KangaMoon is giving away free KANG tokens to its most engaged community members. Traders are swarming KangaMoon's social media channels in an attempt to get the word out about it and win this promising meme coin. KANG is currently only $0.025 in the bonus stage of its presale-400% more expensive than it was at the beginning of the project's presale.

It was recently announced by BitMart, a tier-1 CEX, that KangaMoon will list on the exchange soon. Analysts remain optimistic about this and how it relates to the P2E gaming market. It's worth noting that CoinMarketCap and CoinGecko already listed KangaMoon. Analysts predict that in the second quarter of 2024, KANG will rise to $0.5, securing its position as one of the best meme coins to buy now.

Ripple price chart analysis

In recent years, Ripple (XRP) has had difficulty achieving a significant rally. The Ripple price has increased a little over the past month by 1.73%, but it has also suffered a slight setback, down 0.72% over the past week. With a minor decline, this declining trend has persisted to the present, when the Ripple price is hovering around $0.52. While Ripple faces regulatory obstacles in addition to market volatility, this continuous price volatility keeps investors on edge.

A bull run in 2017 marked the start of what would turn out to be a protracted accumulation phase for Ripple. Many believed that this stage would come to an end in the bull market that followed in 2021. However, the 2020 lawsuit brought by the SEC against Ripple harmed the token's price trajectory as evident on the Ripple price chart. Because of this, Ripple deviated from other cryptocurrencies that saw notable gains in the same time frame.

Shiba Inu market cap surges

Shiba Inu has surpassed Cardano and entered the top 10 cryptocurrencies by market capitalisation thanks to the current bullish run of meme coins. The Shiba Inu market cap has increased by over 15% during the last three days. But as cryptocurrency analyst Valeriya points out a strong buy signal for the Shiba Inu coin, it appears that this move is far from over.

It also offers tactical spot purchase guidance supported by a breakthrough in the trend line. This points to the fact that the token's value may be rising. Meanwhile, the Shiba Inu coin has surged by over 17% within the past 30 days.

Pepe price surges

 The Pepe price has notably increased by over 110% within the last 30 days, trading at $0.00001472. Pepe is currently one of the most popular meme coins on CoinMarketCap, which can be attributed to the interest in the Ethereum blockchain-based token following the historic approval of spot ETH exchange-traded funds (ETFs). The ETH ETF approvals have created a lot of hype, and in less than a week, Pepe's open interest has increased by almost $34 million.

Analyst and trader Crypto Rover predicts that the Pepe market cap will increase by up to 6X Meanwhile, the Pepe market cap is currently $6.18 billion. Once the Pepe price broke out of the ascending parallel channel, it began to trade with a bullish bias. Nevertheless, the meme coin might be due for a correction before the next leg up, following a string of higher highs on the one-day timeframe for the PEPE/USD trading pair.

Polygon price chart analysis

 With big promises, Polygon (MATIC) joined the cryptocurrency space. By providing a layer-2 solution, it attempted to address Ethereum's scalability problems and enable faster and less expensive transactions. Despite these aspirational objectives, the Polygon price has decreased from its peak. As of May 29, the Polygon price is trading at $0.72, a nearly 76% decrease from its December 2021 peak of $2.92.

Given the recent bullish trends in the larger cryptocurrency market, where many of the top cryptocurrencies have shown significant gains, this decline becomes noteworthy. In the meantime, Polygon recently underwent the Napoli upgrade, which improved its performance and scalability. Nevertheless, this hasn't yet resulted in favourable price movement, as Polygon has seen bearish trends, as evident on the Polygon price chart, and significant investor sell-offs.

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What is the potential rise of KANG?

 KangaMoon is one of the most promising meme coins, and many investors are already interested in it. Furthermore, inflating the price of the token is less expensive because of KangaMoon's current low market capitalisation of only $25 million. Because of this, analysts predict that KANG's price will rise above $1 once it is listed on BitMart, making it one of the best meme coins to buy now.

Discover the exciting opportunities of the KangaMoon (KANG) Presale today!

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Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

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Originally published at https://valuemarketschain.blogspot.com.

Cryptocurrency Prices on June 6: Bitcoin holds near $71K, Altcoins trade flat

 

Major cryptocurrencies were trading flat on Thursday amid rising expectations that the U.S. Federal Reserve will likely cut interest rates in September.

At 12:14 PM, Bitcoin ( BTC) was trading 0.25% lower at $70,898, while Ethereum surged 0.7% to $3,843. Meanwhile, the global cryptocurrency market cap fell by 0.22% to around $2.63 trillion in the last 24 hours.

"Bitcoin hovered around the $71,000 level with increasing inflows in the Bitcoin spot ETFs and rising open interest in the futures market. The $72,000 level continues to be a significant resistance," said Edul Patel, CEO of Mudrex.

"Ethereum also saw a surge and is trading above the $3,800 level. A break above the $4,100 can suggest resumption of the uptrend," Edul added.

Other popular altcoins including BNB, Solana, XRP, Dogecoin, Toncoin, Cardano, Shiba Inu, and Chanilink fell up to 5%, while Tron, Bitcoin Cash, Litecoin and Kaspa surged up to 1%.

"Top altcoins are mirroring Bitcoin with BNB testing its 2021 highs around $700. Bitcoin needs a weekly close above $71,000 to fuel a sustained rally," said Vikram Subburaj, CEO of Giottus.

The volume of all stablecoins is now $78.96 billion, which is 13.58% of the total crypto market 24-hour volume, according to CoinMarketCap.

In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, rose to $1.398 trillion. Bitcoin's dominance is currently 53.11%, according to CoinMarketCap. BTC volume in the last 24 hours fell 24.6% to $28.13 billion.

Tech view on BTC by Sathvik Vishwanath, Co-Founder & CEO, Unocoin

The pivot point at $70,600 is crucial for today's bullish outlook. The immediate resistance levels are $71,800, $72,500 and $73,100, while the support levels are at $70,600, $69,650 and $68,500.

A recent symmetrical triangle break above $70,600 supports Bitcoin, with the 50-day EMA at $69,000 and RSI of 66 indicating a buying trend. A double top pattern near $71,800 is creating resistance, but increased buying could push Bitcoin to $72,500. Therefore, consider buying above $70,600, targeting $71,800 and $72,500. A break below $70,600 could signal a bearish trend.

(Disclaimer: The views expressed by experts are their own and do not necessarily reflect those of The Economic Times)

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Originally published at https://valuemarketschain.blogspot.com.

Cryptocurrencies for passive income generation in 2024

 Cryptocurrencies for passive income generation in 2024

Cryptocurrencies backed by robust projects have proven to be excellent investments. In recent years, crypto staking has also grown popular.

Staking platforms allow users to put their assets to work during the holding period. They accrue rewards like interest, in addition to the profits from value appreciation.

Here are four cryptocurrencies that not only show high growth potential this year but also generate attractive passive staking income.

1. 99Bitcoins (99BTC) - Learn crypto to earn crypto 

$99BTC is the new utility token of 99Bitcoins. The platform needs no introduction. It has been around since 2013 and has built a strong track record for breaking down the complexities of the crypto world with its extensive digital learning tools.

With the launch of the Learn2Earn section, learners can earn $99BTC tokens from the platform as well. Dedicated learners who actively engage with the platform get handsome rewards.

These tokens hold value beyond the education platform. Holders can trade $99BTC on various crypto exchanges and capitalise on shifting market trends. Plus, owning these tokens grants them access to premium content, exclusive events, trading insights, and more within the platform.

Backed by a strong utility with high market relevance, $99BTC offers sustainable, long-term potential. It also has substantial speculative allure as a BRC20 token.

The platform uses Bitcoin's brand value through BRC20 integration. $99BTC is expected to skyrocket in the next Bitcoin bull cycle.

To generate passive income from $99BTC, in addition to the profits from value appreciation over time, investors can lock the token in the native staking system. Staking begins right from the presale stage.

In the presale phase, $99BTC tokens are available for fixed discounted prices for a short window.

It is important to note that the presale and staking APY are structured to favour early investors. Early birds get higher staking APY and presale discounts.

$99Bitcoins has also launched a giveaway contest with $99K up for grabs. To learn more about the contest and how to join it, visit the official $99Bitcoins website.

Buy $99BTC tokens

2. PlayDoge - Embrace the 90s nostalgia, earn high staking APY

The Tamagotchi craze is back. This time with a meme coin twist. PlayDoge is a mobile game that brings the iconic Tamagotchi virtual pet concept to the crypto digital economy.

In the classic 8-bit side-scrolling mini-game adventures, you will care for your PlayDoge and ensure its well-being through timely feeding, entertainment, training, and sleep.

If you do a good job at it, you stand to gain attractive rewards in $PLAY tokens. Being a meme coin with a refreshing play-to-earn utility, PlayDoge is predicted to climb the charts on its exchange launch. And if you forget about your PlayDoge and stop taking care of it, it will die on you. 

The more effectively you take care of your pet, the more $PLAY tokens you earn. Top gamers on the leaderboards will earn bonus $PLAY tokens and other special rewards.

These $PLAY tokens unlock various features within the PlayDoge ecosystem. But there is also real-world value to the reward tokens, as they are cryptocurrencies.

They can be traded on crypto exchanges for other cryptocurrencies, stablecoins, and fiat currencies. The nostalgic meme coin theme that revives the Tamagotchi craze positions $PLAY for a wild bull run.

While gaming is a fun source of income, it is not passive. But PlayDoge offers excellent passive income through its staking system that will be live right from the presale stage.

Buy $PLAY tokens in the presale

3. WienerAI (WAI) - AI, dog, and sausage

WienerAI (WAI) is next, where the bustling meme coin culture merges with the booming AI sector. So WienerAI isn't just about fun. Powered by advanced AI algorithms, WienerAI is a sophisticated trading bot at its heart. 

Traders simply need to ask a question, and WienerAI handles the rest. It shines light on undervalued assets and hidden opportunities to help investors stay ahead of the market.

The meme coin label sparks interest in the project. With its AI smarts, it would seem intimidating to many otherwise.

The ongoing presale of $WAI tokens was about to touch the $3M milestone at the time of writing. The meme coin and AI crypto identity of the token make it a unique and promising addition to any crypto portfolio. Staking is live on WienerAI.

Buy $WAI tokens

4. Bitcoin (BTC) - Evergreen cryptocurrency for passive wealth

Bitcoin (BTC) set a new all-time high this year. But it has a long way ahead. With its market cap in the billions, it is unrealistic to expect Bitcoin to chart exponential growth like new cryptocurrencies. But it is one of the hottest assets in the world. Although the post-halving rally has subsided, BTC is aiming for $100K by the end of the year. 

In addition to profits from price appreciation, investors can also stake BTC on various exchanges and DeFi platforms. The optimism surrounding ETF approvals and mainstream adoption will be the major price catalysts for BTC this year.

Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

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Originally published at https://valuemarketschain.blogspot.com.

Cryptocurrency prices on June 5: Bitcoin rises 3% to above $71,000 on Fed rate cut expectation

Reuters

Bitcoin (BTC) price has experienced a healthy bounce back in the last 24 hours, rising 3% to reach $71,000, propelled by expectations of a Federal Reserve interest rate cut in September due to a softening U.S. labour market.

Data overnight showed U.S. job openings fell more than expected in April to the lowest level in more than three years, a sign that labour market conditions are softening.

The data emboldened bets of rate cuts this year, with markets pricing in 45 basis points of easing. Traders are also pricing in a 65% chance of a rate cut in September, compared with a 46% chance a week earlier, CME FedWatch tool showed.

At 12:14 PM, Bitcoin (BTC) was trading 3.1% higher at $71,098, while Ethereum surged 1.14% to $3,807. Meanwhile, the global cryptocurrency market cap rose by 3% to around $2.63 trillion in the last 24 hours.

"The crypto market saw an upside move as U.S. job openings data favoured the market. BTC now needs to clear its ATH level at around $73,500 to break the range and form a new ATH," said CoinDCX Research Team.

Other popular altcoins including BNB, Solana, XRP, Dogecoin, Toncoin, Shiba Inu, Avalanche, Chainlink, and Polkadot, surged between 3–12%.

The volume of all stablecoins is now $90.21 billion, which is 12.09% of the total crypto market 24-hour volume, according to CoinMarketCap.

In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, rose to $1.4 trillion. Bitcoin's dominance is currently 53.17%, according to CoinMarketCap. BTC volume in the last 24 hours surged 23% to $36.86 billion.

Tech view by Sathvik Vishwanath, Co-Founder & CEO, Unocoin

Bitcoin broke out of a symmetrical triangle pattern at $69,000, indicating a bullish trend. The pivot point is at $68,450 with immediate resistance at $71,200. The RSI at 66.95 indicates overbought conditions, indicating a potential near-term downside. Key levels to watch are the pivot point at $68,450 and resistance at $71,200.

(Disclaimer: The views expressed by experts are their own and do not necessarily reflect those of The Economic Times)

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Originally published at https://valuemarketschain.blogspot.com/.

Ronaldo's Jersey (RONJER) listing on KuCoin spikes major price surge, amid Meme Coins bull trend, will Dogecoin join the list?

Spotlight Wire

Ronaldo's Jersey (RONJER), a newly launched Solana meme coin, is set to surge significantly with its KuCoin listing announcement. This comes at a time when the meme coin market has been undergoing a bull momentum, with coins like KangaMoon (KANG), Dogwifhat (WIF), Bonk (BONK), Floki (FLOKI), and Shiba Inu (SHIB) leading the way.

KangaMoon, a crypto with high ambition, is set to join the list of the best new meme coins offering investors a higher ROI. This coin has raised over $7.5 million in presale revenue and is eyeing $8 million before the end of June.

KangaMoon hits over $7.5M as token spikes by 400%

KangaMoon (KANG) has been testing the limitations of meme coins by establishing a comprehensive ecosystem with both Play-to-earn and SocialFi features. The platform utilizes these mechanics to foster a dynamic environment where user participation is incentivized along different social media platforms, resulting in organic growth. Moreover, engagement within the realm of P2E games is also encouraged, as KANG serves as the primary reward currency for successful tournaments and battles.

This offers KANG a lot of utility, a unique feature lacking among most hyped coins. KangaMoon is currently on its bonus presale round, which presents a fleeting opportunity for traders to acquire the KANG tokens before the value undergoes a significant surge. This urgency also stems from KangaMoon's successful blockchain ICO, which yielded a remarkable 400% price rally, increasing from $0.005 to $0.025.

Additionally, KangaMoon has generated over $7.5M, with analysts projecting that it might surpass the $10 million mark by the end of June. KangaMoon has also been listed on CoinMarketCap and Coingecko, making it one of the top meme coins to invest in. Moreover, KangaMoon is also awaiting its BitMart listing, which might lead to a further price surge for KangaMoon.

As a result, analysts project that this best crypto investment coin is set to undergo a 100x surge following its launch and also major listing, making it the best meme coin to invest in. Currently, earlier KangaMoon investors are enjoying a 400% ROI, which is set to increase soon with another surge in the price of KANG.

Dogwifhat (WIF) eying a new ATH amid dipping speculations

Dogwifhat (WIF), a dog-themed meme coin, has recorded a significant price rally amid a market-wide bullish sentiment. Having broken above the decisive symmetrical triangle, the WIF price has remained heavily elevated while closing into the $4 mark. Considering the current crypto market trend, it seems that the bulls may hold a significant grip over the rally, something that might help Dogwifhat price test its current ATH soon, according to an analyst.

The latest push for the price of Dogwifhat has assisted the coin in testing a key resistance level, having surpassed the range over the past few days. Moreover, the RSI for WIF has been displaying a bearish divergence before hitting the upper threshold. This means a minor pullback might be possible before validating another breakout above the range. To certify a bullish breakout close to Dogwifhat's current ATH, which is around $4.65, the price must close the daily trade above its ascending trendline of around $4.

Will Bonk (BONK) hit the $0.000048 mark this month?

Bonk (BONK) has been blasting gains over the last few sessions. This sudden bounce from the bottom indicates the possibility of whale-buying activity and bull accumulation. This week has also seen sharp buying activity, with the meme coin recording a 60% surge, revealing the bull's dominance-something that seems to have triggered a sharp bull rally that might see this top crypto investment coin hit the $0.000048 price mark to surpass its all-time high.

In a recent tweet by Crypto Rand, Bonk seems to be chilling, having breached its prompt hurdle of $0.000040, a level that trapped the bear cartel. The RSI curve for Bonk has also spiked to the overbought zone, indicating a positive crossover within the charts that might lead to a continuous uptrend for the price of BONK. Moreover, the price of Bonk has triggered a breakout and sharply rebounded from its 20-day EMA mark, making it one of the meme coins to watch in the coming days.

Analyst foresee a Floki (FLOKI) price breakout backed with recent developments

Floki's (FLOKI) price has surged 11% following a recent announcement regarding the launch of FlokiTradingBot on Telegram. The bot supports multiple blockchain networks, including BNB Chain, Ethereum, and Coinbase's Base blockchain. This unique multi-chain compatibility seems to have drawn considerable attention to Floki, with the beta offering early access to at least 150 users on a first-come, first-served basis.

Floki, one of the meme coin titans, will charge a 1% fee on each trade. Half of this fee will go into purchasing and burning FLOKI tokens, increasing the tokens' value through deflation. Moreover, Floki's listing on Coinbase, set to happen on May 30, has boosted investors' confidence. With the announcement, analysts have pointed to a potential breakout for the Floki coin that might see the coin hit a new all-time high soon.

Shiba Inu (SHIB) forms a golden cross on chart

The golden cross, a popular technical indicator, has recently appeared on Shiba Inu's (SHIB) hourly chart. This golden cross usually appears when a shorter-term moving average crosses above the longer-term moving average and is mostly regarded by analysts as an indication of significant uptrend momentum. For Shiba Inu, the golden cross appeared when the 50-hour moving average rose above the 200-hour moving average within its one-hour chart, indicating that short-term prices have been outpacing long-term trends.

This technical event for the Shiba Inu coin coincides with its impressive 20% surge in price, stirring optimism and excitement within the SHIB community. Despite the golden cross and SHIB's subsequent price surge being promising, the path for Shiba Inu price, just like any crypto, largely depends on broader market sentiment and global economic factors. If Shiba Inu maintains its upward trajectory and breaks through its key resistance levels, it might pave the way for higher gains, especially with its reputation among the top meme coins of 2024.

These four meme coins, Dogwifhat, Bonk, Floki, and Shiba Inu, have displayed a bullish on-chart performance. With such a growth rate, these coins have the potential to surpass previous expectations and hit new heights. However, KangaMoon is also one of the top meme coins to look out for. With such an impressive performance, this coin promises nothing but high returns to its investors.

Discover the exciting opportunities of the KangaMoon (KANG) presale today!

Website: https://valuemarketschain.blogspot.com/

Join the KangaMoon community: https://valuemarketschain.blogspot.com/

Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

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Originally published at https://valuemarketschain.blogspot.com/

Crypto Gems: Top crypto assets to watch & buy in June 2024

Reuters

May was a historic month for crypto enthusiasts. Ethereum spot ETFs got approved in the US signaling that the altcoin market is about to get its due recognition and adoption. Bitcoin has crossed $70,000 again and is within 5% of its all-time high. Key altcoins (Ethereum, Solana and Cardano) are still 20–30% off their 2021 highs even as BNB looks to enter price discovery mode. The overall crypto market, currently at $2.6 trillion, looks to exit its consolidation phase and push towards a strong second half of the year.

To maximize your crypto returns, it is prudent to allocate a decent share to emerging and upcoming narratives that potentially drive value in the ecosystem. Today, we cover the trend of AI and tokens that can leverage its narrative along with the continued focus on RWAs and memecoins. While we do the crystal gazing, we encourage investors to understand the risks and growth potential associated with each asset and do their independent analysis.

AI tokens — ASI, AIOZ, TAO (higher risk, great returns)

Artificial Superintelligence Alliance (ASI) is about to launch mid-June with the merger of three AI behemoths and their tokens — Fetch.ai (FET), SingularityNET (AGIX) and Ocean Protocol (OCEAN). The merger is expected to accelerate investment into AI, facilitating the commercialization of cutting-edge AI technologies and enabling wide-scale access. Collectively, the three tokens enjoy a market cap of $3.4 billion today. ASI will start at that base value and can likely do a 5–7x over 18 months if it becomes the go-to-AI-platform in Web3.

AIOZ network (AIOZ) is an infrastructure solution for Web3 storage, decentralized AI computation, live streaming and video on demand (VOD). AIOZ Network’s blockchain combines the robustness of Cosmos and the compatibility of the Ethereum Virtual Machine (EVM). AIOZ has active collaboration with global brands — Google, Qualcomm and Nvidia. AIOZ has already done a 5x this year. With a market cap of $0.8 billion, AIOZ can potentially grow 6–10x over the next 18 months.

Bittensor (TAO) is a decentralized open-source AI network where peers evaluate and incentivise valuable work. Multiple AI platforms (called subnets) can be connected to this blockchain with TAO fuelling the production of this intelligence. Bittensor is backed by Polychain Capital and has a market cap of $2.8 billion currently. TAO can grow by 5–7x over the next 18 months

Real World Assets (RWAs) — ONDO, PENDLE (medium risk, considerable returns)

RWA tokens represent various things like stocks, bonds and real estate which can be traded on smart contract-enabled blockchains such as Ethereum. We track two RWA projects with great potential.

Pendle (PENDLE) is a DeFi platform that offers its users yields in the form of tradable tokens. Pendle’s new RWA product uses MakerDAO’s Boosted Dai Savings (sDAI) and Flux Finance’s fUSDC stablecoin — both generate yields from traditional finance sectors. With a market cap of $0.9 billion, PENDLE can potentially do a 6–8x over 18 months.

Ondo Finance (ONDO) facilitates the tokenization of real-world assets such as real estate, commodities, and art. This allows investors to access fractional ownership of traditionally illiquid assets, diversifying their portfolio beyond typical crypto assets. Backed by Pantera Capital and Coinbase, Ondo has an active partnership with Blackrock. With a market cap of $1.9 billion, ONDO can potentially do a 5–8x over the next 18 months.

Memecoins — NOT, DEGEN (highest risk, good returns)

Memecoins are driving growth and speculation in the crypto ecosystem this year. Whenever Bitcoin has shown strength, memecoins have surged. Three memecoins (DOGE, SHIB and PEPE) are now part of the top 25 crypto asset list. We cover two potential memecoins that have a strong community on their side.

Notcoin (NOT) is a meme game project in the TON ecosystem that uses the Telegram messenger as a technical platform. The developers offer users a simple “game” that allows them to “mine” virtual coins, which can potentially be converted into tokens. With a market cap of $2.1 billion, NOT can do a 6–8x over 18 months if momentum continues.

(The author is Vikram Subburaj, CEO, Giottus Crypto Platform)

(Disclaimer: The views expressed by experts are their own and do not necessarily reflect those of The Economic Times)

Degen (DEGEN) is a BASE ecosystem meme coin. Degen is a meme project where Farcaster (social network) users get points every time they interact on Farcaster. With a low market cap of $330 million, DEGEN can give high returns (8–12x) though it carries the highest risk.

The blue chips — BTC, ETH and SOL (lowest risk, decent returns)

It is prudent to pivot a majority of your crypto portfolio to the safest assets — Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). They are proven to enable adoption by new investors in the space (both institutional and retail). Their returns will be moderate (3–6x) but they drive the trend and volume in crypto.

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Originally published at https://valuemarketschain.blogspot.com/

Doge Day Afternoon? Meme Coins Show Signs of Life With Possible Rally on the Horizon

Are Meme Coins Back? Signs Point to a Possible Rally

Hold onto your doge hats, meme coin enthusiasts! Recent signs hint at a potential resurgence in the popularity of these internet-inspired cryptocurrencies.

Dogecoin and KangaMoon Lead the Charge

Dogecoin, the granddaddy of meme coins, has experienced a significant price surge.  KangaMoon, another player in the space, is also showing bullish momentum. Analysts point to this combined growth as a possible indicator of a broader meme coin rally [1].

Solana Meme Coins See Strong Performance

The trend isn't limited to established meme coins.  Solana-based meme coins, like Bonk and ROOST, are experiencing impressive growth. ROOST, for example, skyrocketed from a fraction of a cent to over seven cents in a short period [2]. This has some analysts predicting Solana meme coins could become a leading force in the meme coin market [1].

What's Fueling the Potential Rally?

Several factors could be contributing to the potential meme coin rally. Speculation surrounding  developments like "Onchain Summer" and exchange listings for meme coins like Benji could be playing a role [3]. Additionally, positive sentiment surrounding the Solana blockchain may be boosting Solana-based meme coins [2].

A Word of Caution

While the potential for gains is enticing, meme coins remain a volatile and speculative investment. Experts warn that these currencies lack the underlying utility of established cryptocurrencies and are prone to sharp price swings.

Is This a Sustainable Rally?

Only time will tell if this is a genuine resurgence or a short-lived pump.  Investors interested in meme coins should approach them with caution and conduct thorough research before investing.

Are Doge Days Back? Meme Coins Rally Hints at Revival

The wacky world of meme coins, once the darlings of the crypto market, might be experiencing a resurgence. After a period of decline, some meme coins are showing signs of a rally, leaving investors wondering if the trend is here to stay.

Doge leads the Pack: Dogecoin, the granddaddy of meme coins, has seen a recent price surge, fueled by continued support from high-profile figures like Elon Musk.  Other meme coins, like KangaMoon and Solana-based Bonk, are also experiencing significant growth.

What's Driving the Rally?

There isn't a single reason for the meme coin rally. Here are a few contributing factors:

Market Sentiment Shift: There's a renewed sense of optimism among some investors, leading them back to riskier assets like meme coins.

Exchange Listings: Coinbase, a major cryptocurrency exchange, is rumored to be considering adding meme coins to its platform. This could bring a new wave of investors.

Social Media Hype: Meme coins thrive on social media buzz. Recent online discussions and celebrity endorsements could be fueling the current rally.

A Word of Caution

While the recent price increases are exciting, meme coins remain a volatile and speculative investment.  They often lack the utility of other cryptocurrencies and are susceptible to hype and social media trends.

Should You Invest?

Investing in meme coins is a high-risk proposition.  If you're considering it,  understand the risks involved and only invest a small amount you can afford to lose. It's crucial to do your own research before diving in.

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