All articles tagged with #meme coins
Despite a recent market dip, investors are optimistic about AI tokens like DeepSnitch AI, which is projected to offer up to 1000x returns and is gaining attention in the presale market as a promising investment for 2026, potentially surpassing traditional meme coins like Dogecoin.
Meme coin Pepe (PEPE) has surged past an $11 billion market cap, surpassing Uniswap and Litecoin, amid a broader crypto market rally led by Bitcoin's rise above $100,000. PEPE's value has increased by 4.5% in the past 24 hours, reaching an all-time high, and it is now ranked 23rd by market cap. The coin's growth is attributed to whale activity and increased accessibility through platforms like MoonPay. Robinhood has also listed PEPE, alongside Solana, XRP, and Cardano, boosting its market presence.
Dogecoin has broken past the $0.48 resistance level, sparking optimism for further gains as it eyes the $0.50 mark. Blockchain analytics firm Santiment reports increased trading volumes and on-chain activity, indicating bullish momentum in the meme coin sector. However, caution is advised as social dominance spikes can signal market tops, with "whales" potentially offloading holdings. Dogecoin's ability to maintain momentum and break above $0.50 will be crucial for sustaining its rally.
Dogecoin experienced an 11.5% drop in value over the past 24 hours amid a market correction, despite Elon Musk's humorous endorsement. Traders remain optimistic about its long-term potential, citing support levels and increased transaction volumes. The Dogecoin Foundation is working on projects to enhance DOGE's utility as a practical currency, with support from Ethereum co-founder Vitalik Buterin. Despite the recent dip, Dogecoin has seen significant gains over the past month, outperforming other meme coins like Shiba Inu and Pepe.
The article explores the booming yet risky world of meme coins, a $100 billion market driven by young traders who create and trade these cryptocurrencies for speculation and amusement. Platforms like Pump.fun have democratized meme coin creation, leading to a surge in new coins and market volatility. Despite the lack of intrinsic value and high risk of fraud, meme coins attract traders seeking quick profits in a financial landscape where traditional paths to wealth seem increasingly inaccessible.
Hours before the FBI confirmed Thomas Matthew Crooks as the gunman in the attempted assassination of former President Donald Trump, numerous Solana tokens were created on Pump.fun, speculating on the shooter's identity. Over 1,000 Trump-related tokens were launched, with some reaching significant market caps before being debunked. The incident caused a temporary surge in the broader crypto market, as Trump's perceived pro-crypto stance appeared to bolster his election odds.
Bitcoin's price surged to $71,000, its highest in two weeks, driven by rising interest in Bitcoin-based fungible tokens like ORDI and DOG. ORDI saw a 16% increase, reaching its highest price since April, while DOG, a new token on the Runes protocol, doubled in price over the last week. Other BRC-20 tokens like PUPS and WZRD also saw significant gains, contrasting with declines in other major dog-themed meme coins like Dogecoin and Shiba Inu.
Crypto analysts predict a 30% drop in Dogecoin's price before a potential 1,300% rally, with some expecting it to reach as high as $1.5. However, selling pressure from holders who bought at peak prices and increased competition from other meme coins could hinder this growth. Current trading is around $0.16, with mixed opinions on its short-term movements.
WIF experienced a 3% price rise while SHIB dropped 7% in the last 24 hours, with WIF's social volume remaining higher than SHIB's. WIF's recovery looks promising, with potential targets of $3.9 and beyond, but selling pressure is increasing. On the other hand, SHIB's metrics are bearish, with its MVRV ratio dropping and NVT Ratio spiking, suggesting overvaluation and potential further price decline.
Traders are anticipating potential gains for ecosystem tokens such as STX, RUNE, and ORDI following Bitcoin's upcoming halving event, which historically precedes a bull market for the token. The halving reduces the rate of new coin creation, leading to a decrease in available supply. With a shift in money narratives, traders may focus on the Bitcoin ecosystem, potentially benefiting tokens like $RUNE, $STX, and $ORDI. Additionally, the upcoming Runes protocol and the surge in interest in Ordinals suggest a growing enthusiasm for Bitcoin-based projects and meme coins within the cryptocurrency market.
Bitcoin surged past $72,000, boosting U.S. crypto-related stocks like Coinbase and MicroStrategy, while meme coins like dogwifhat and pepe also rallied. Altcoins are seen as undervalued, with potential for further gains as bitcoin dominance peaks pre-halving. Technical analysis suggests bitcoin could reach new record highs, with BlackRock's bitcoin exchange-traded fund attracting more authorized participants, including Goldman Sachs and Citigroup. Additionally, the bitcoin-to-gold ratio remains below its 2021 high despite bitcoin setting new fiat currency highs.
Layer-2 projects on the Ethereum blockchain, such as Polygon, have seen a surge in on-chain activity, with 32 million transactions weekly since the Dencun upgrade, including Base, Arbitrum, and Optimism. The increase in meme coin activity on Base, particularly with the coin BRETT, has contributed to the network's dominance. While transaction numbers are high, active addresses have decreased, indicating fewer market participants involved in higher transactions. The market cap and prices of meme coins like BRETT and TOSHI suggest potential for further growth, which could lead to increased L2 transactions on Ethereum in the future.
Meme coins and tokens, including Solana-based Bonk and Ethereum-based Pepe, are among the biggest losers as the cryptocurrency market sees a downturn, with Bitcoin dropping below $65,000. Dogecoin and Shiba Inu have also experienced significant declines, while Dogwifhat, a recent gainer, has managed to minimize losses. Meme coins, known for their volatility, have surged alongside Bitcoin's rise, particularly on Solana and Ethereum scaling network Base, driving record trading volumes. Despite Bitcoin's 4% drop, it rebounded from dipping below $65,000, shedding 11% since reaching a new all-time high in mid-March.
Degen Chain, a new layer-3 blockchain, has seen a surge in transactional volume and attention since its launch, with its native DEGEN token skyrocketing 500%. Despite primarily housing speculative tokens and lacking stablecoin support, the network has recorded nearly $100 million in transactional volumes in the past 24 hours alone, with over 7,500 contracts and 2,300 tokens floated, albeit mostly rug pulls or scams. Degen Chain is a layer-3 network built specifically for the DEGEN token, aiming to handle specific types of transactions such as payments and gaming.
Dogecoin has surged nearly 40% following the approval of its futures trading on Coinbase, signaling a potential rally, while Galaxy Fox's presale is on track to hit $6 million, driven by its unique architecture and the growing demand for meme coin ownership. The rise of meme coins, including Dogecoin and Galaxy Fox, is indicative of a larger trend in the cryptocurrency market, with centralized exchanges also recognizing the potential of meme coins in this cycle.