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Whale Loses $3.5M on PEPE: What Went Wrong?
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2024 Crypto Rollercoaster: BOME Soars 11,931% as W Slides 84% 30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online) It’s been seven months—or precisely 223 days—since 2024 kicked off, and several digital currencies have experienced impressive gains. Leading the pack are two meme coins, BOME and MOG, which have skyrocketed by 11,931% and 3,733%, respectively, over this period. Crypto’s Year-to-Date Gainers and Losers In 2024, statistics reveal that several crypto assets have achieved impressive quadruple-digit gains, with 14 digital currencies recording triple-digit increases year-to-date (YTD). Leading the charge, the meme coin book of meme (BOME) skyrocketed by 11,931% against the U.S. dollar. Similarly, mog coin (MOG) has surged 3,733% YTD. Mantra dao (OM) climbed 1,763%, and aerodrome finance (AERO) saw a 1,235% rise, rounding out the top four with four-digit growth. The meme token turbo (TURBO) jumped 920%, dogwifhat (WIF) advanced 860%, and pepe (PEPE) gained 522% YTD. Other noteworthy gainers since the start of 2024 include PEOPLE, AIOZ, FLOKI, ONDO, JASMY, and TON, each rising between 175% and 318% against the greenback. CKB, PENDLE, AR, and MEW completed the list of triple-digit risers, with gains ranging from 108% to 124%. However, 2024 hasn’t been kind to all. The wormhole token’s W has taken the biggest hit, dropping 83.98% against the U.S. dollar as of Aug. 11. Wemix token (WEMIX) has declined 71.27%, and casper network (CSPER) is down 70.97%. Mina protocol (MINA) has seen a 69.69% decrease YTD, while DYDX fell 66.19%. The BRC20 token ORDI also slipped 66.01% against the greenback. #BOME #WLD #Memecoins #Altcoin #Write2Earn! $BOME $W $BTC
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Bitcoin Slips Below $59K as Crypto Market Faces $132M in Liquidations 30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online) On Sunday, bitcoin slipped below the $60,000 mark and dipped even further beneath the $59,000 range. The leading cryptocurrency touched an intraday low of $58,315, after previously hitting a high of $61,868 earlier in the day. Crypto Crash Course: Long Positions Take a Tumble in Sunday’s Wipeout Statistics show the broader crypto market saw a decline of 3.18% over the past 24 hours, bringing its total value down to $2.06 trillion. Bitcoin (BTC) itself dropped by 3.8% in the same period, reaching its low of $58,315 on the exchange Bitstamp at 5:13 p.m. EDT. Although global crypto trading volume increased by 7.53% compared to the previous day, it remained subdued compared to the previous week. This latest dip in value adds up to a 13.9% loss for BTC over the last two weeks against the U.S. dollar. Ethereum (ETH) also experienced a downturn, falling to a low of $2,540 after reaching $2,720 earlier. As of 5:15 p.m. EDT on Sunday, ETH was trading at $2,568. Among the top ten cryptocurrencies by market cap, toncoin (TON) took the hardest hit, losing 7.5%, followed by XRP with a 6.5% loss, and solana (SOL), which fell by approximately 5.73%. As Sunday evening approached, prices across the board remained volatile, with increased selling pressure. Today was a tough day for many traders in the crypto derivatives markets, as a significant number of long positions were wiped out. According to data from coinglass.com, 54,744 traders faced liquidations, with the total amount reaching $132.49 million by 5:15 p.m. EDT. Out of that, $102.33 million came from long positions, with $25.95 million of those being BTC trades. #Bitcoin #BTC #CryptoNews #TONonBinance #XRPVictory
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Shiba Inu’s Burn Rate Increase Excites Crypto Community 30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online) Shiba Inu‘s significant burn rate increase created notable activity in the cryptocurrency world. In the last 24 hours, 39,345,498 SHIB were burned, leading to an incredible 38,199,412% increase in the burn rate. These figures generated great excitement within the Shiba Inu community. Market Reactions Amid Price Fluctuations The significant increase in Shiba Inu’s burn rate also caused a short-term price rise. The price reached 0.00001468 in the last 24 hours. However, this rise didn’t last long, and the price began to decline again due to the market’s general profit-taking trend. Access COINTURK FINANCE to get the latest financial and business news. The classic profit-taking process seen in such sudden market rises also manifested in Shiba Inu’s price. The price fell by 0.34% during the day to 0.00001395 dollars. On a weekly basis, there was a 1.10% decrease in value. These fluctuations once again highlighted Shiba Inu’s volatile nature. Meme Coin Shiba Inu’s Price Remains Volatile Shiba Inu’s sudden price movements present both risks and opportunities for investors. Increases in burn rates can affect the supply-demand balance in the long term, potentially having a positive impact on the price. However, short-term fluctuations and market uncertainties indicate the need for caution. While the significant increase in Shiba Inu’s burn rate created notable activity in the cryptocurrency market, investors need to be cautious about such fluctuations. This is because such metrics create an expectation of price increases, leading to investments in the cryptocurrency SHIB. #SHIB #ShibaInu #Dogecoin #Memecoins #Write2Earn! $BTC $ETH $BNB
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Venezuelan Government Blocks Binance, Cutting P2P Market Access for Thousands 30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online) CANTV, a Venezuelan state-owned ISP, has reportedly started blocking traffic to Binance, one of the largest cryptocurrency exchanges in the world. The company, which controls a significant portion of the Venezuelan broadband market, has left thousands of Venezuelans without access to their savings and even P2P markets, which are popular among those using crypto as a savings tool. Venezuelan Government Cuts Access to Binance Users Connecting Through State-Owned ISP The censorship actions of the Venezuelan government have reached the cryptocurrency sector. According to local media, state-owned telecom and internet service provider (ISP) CANTV has blocked access to Binance, the world’s largest cryptocurrency exchange. The measure, potentially affecting thousands, has been taken as part of a series of blocks implemented against other services, applying similar actions against Mercado Libre, Signal, Reddit, and others like X. However, the action against X is wider, given that it also includes other major ISPs in the country, giving it a larger scope. The situation was acknowledged by Binance, which stated in an email sent to its Venezuelan customers that “like several websites of companies from different segments in Venezuela, including social networks, Binance pages have been facing access restrictions.” #Binance #bnb #Write2Earn! #Wifey #WallStreetNews $BTC $BNB $SOL
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US Recession: Will Federal Reserve Cut Interest Rate To Avoid Chaos? 30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online) The US market is at the verge of a major recession according to several market data, a reality that might trigger the Feds to step in The US recession scare is getting more intense, especially with the soaring stock market volatility. Economic data unleashed in the past few weeks have not helped the market resilience with most stocks taking series of beating over the last 30 days. While the odds are not in the favor of the economy, the question remains whether the Feds will step up to save the day. Why is US Recession More Likely? An earlier insight shared by market analyst Game of Trades revealed major trends that shows the economy might slip soon. First, he pointed out how the S&P 500 chart is at the verge of a major correction after about a year. This correction will come after sky-high stock market valuation that has seen top firms hit massive peaks. Just like the stock market, the digital correction ecosystem might also record similar corrections moving on. While many projection higher highs for Bitcoin (BTC), the correlation with the stock market is a major factor to note. The potential stock and crypto market selloff is also complemented by the trends in the yield curve. According to Game of Trades, this yield curve is showcasing a steep trend, one that speaks to a possible US recession. In addition to these, the Shiller PE Ratio is at its highest level after 150 years. The Shiller PE Ratio is a metric that shows whether the stock market is overvalued or undervalued. With stocks like NVIDIA soaring above $3 trillion recently, and MicroStrategy outperforming in growth terms, this ratio shows over-valued market. #USRecession #FederalReserve #FOMC #Crypto #Bitcoin $BTC $ETH $BNB
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