In a recent video update, popular crypto market commentary show “Altcoin Daily” told the channel’s over 1.31 million subscribers that the price of highly popular meme-based cryptocurrency Dogecoin (DOGE) is about to “explode”, and here were the reasons they gave:

Surge in Transactions: One of the key indicators of Dogecoin’s potential for growth is the significant increase in its daily transaction volume. The video highlights that Dogecoin has consistently confirmed over a million daily transactions, surpassing Bitcoin and Ethereum. On May 27th, 2023, Dogecoin reached a milestone of processing over 2 million transactions in a single day. This surge in transactions indicates a growing use of Dogecoin for transfers, which could potentially drive up its price.

Introduction of DRC20 Tokens: The video attributes the surge in Dogecoin transactions to the introduction of DRC20 tokens, which are similar to BRC20 tokens minted on Bitcoin’s blockchain. This development has expanded the functionality of the Dogecoin network, allowing for the creation of custom tokens. This could attract more users and developers to the platform, increasing demand for Dogecoin and potentially driving up its price.

Increase in Hash Rate: Another positive indicator for Dogecoin is the notable uptick in its hash rate over the past few weeks. The hash rate measures the computational power being used to secure the network. An increase in the hash rate indicates a healthy and strong network, suggesting that more miners are supporting Dogecoin. This increased network security could make Dogecoin more attractive to investors, potentially driving its price.

Bollinger Bands Indicator: The video also points to a technical analysis indicator called Bollinger Bands bandwidth, which suggests that Dogecoin’s price could make a pronounced move in either direction. Given the other positive indicators, the video indicates that an upward move is more likely. If this prediction holds true, it could result in a significant increase in Dogecoin’s price.

Historical Market Trends: The video mentions that historically, a pump in Dogecoin’s price usually precedes a bull market in the broader crypto cycle. If this pattern holds true, a rise in Dogecoin’s price could signal a broader market rally, potentially leading to further increases in Dogecoin’s price.

#DOGECOIN #MEMECOINS #BinanceTournament

Ripple's (XRP) strong performance in the crypto market recently has increased the popularity of memecoins. Particularly, projects like Shiba Inu (SHIB) have attracted investors' attention. However, with Bitcoin falling below $30,000, the momentum in the crypto market has somewhat diminished. Nevertheless, the high trading volume and interest in memecoins continue on the XRP side. The rapid rise and popularity of memecoins like DOGE and SHIB, especially on social media, have been indicators of this interest. SHIB continues to show a positive price performance, but its future price levels remain uncertain.

Price Analysis:

SHIB managed to surpass the resistance level at $0.00000845 with a rebound from the $0.00000695 level, but it failed to hold above these levels and retraced. However, compared to other altcoins, SHIB has largely maintained its value and continues to trade just below the resistance. If we consider that a portion of the trading volume in XRP has shifted to memecoins, it can be said that SHIB may target price levels of $0.00000845, $0.00000919, $0.00001000, $0.00001075, and $0.00001160, respectively. $SHIB $XRP

Risks and Support Levels:

However, if the memecoin craze loses its strength or Bitcoin shows a downward trend, SHIB's price may be affected in a negative direction. In such a case, investors should consider the support levels to watch for SHIB. Significant support levels can be identified as $0.00000775, $0.00000755, $0.00000695, and $0.00000645, respectively. Especially a drop below the $0.00000645 level could push SHIB into the background. #SHIBAINU #MEMECOINS #XRP #SEC

In Summary:

Ripple's high trading volume in the crypto market and the interest in memecoins have increased the popularity of projects like SHIB. SHIB's price shows a positive performance due to high trading volume and investor interest. However, if the memecoin craze loses its strength or Bitcoin shows a downward trend, SHIB's price may be affected in a negative direction. It is important for investors to closely monitor the support levels for SHIB. While the future price levels of SHIB remain uncertain, it is considered a noteworthy asset in the crypto market.

In the realm of meme coins, a fierce debate is unfolding between two popular contenders: Pepe (PEPE) and Dogecoin (DOGE). Crypto analyst Miles Deutscher predicts that Pepe could outperform Dogecoin in the next cycle, presenting three key arguments to support his stance. On the other hand, pseudonymous crypto analyst "Tree of Alpha" holds a bearish outlook on all meme coins trading against DOGE, viewing it as the original meme coin. As the crypto market gears up for the next phase, the outcome of this battle will unveil the unpredictable and speculative nature of meme coins. #PEPE #DOGECOIN $PEPE $DOGE #MEMECOINS

Underwater Thesis:

Deutscher introduces the "Underwater Thesis" as his first argument, suggesting that PEPE holders are in a better position than DOGE holders. This implies that there may be less selling pressure on PEPE as it rises, requiring lower multiples to reach its previous all-time high compared to DOGE. If this holds true, Pepe may have an advantage over Dogecoin in terms of price performance.

Freshness of the Meme:

The second point highlighted by Deutscher revolves around the appeal of the memes associated with PEPE and DOGE. Deutscher believes that the allure of the DOGE meme has waned over time, while Pepe still retains a sense of novelty and organic popularity. If the meme factor plays a significant role in the success of meme coins, this could favor Pepe over Dogecoin in the upcoming cycle.

Market Cap and Liquidity:

Deutscher also emphasizes the substantial difference in market capitalization between Pepe and Dogecoin. This discrepancy suggests that less liquidity would be required to influence the price of PEPE compared to DOGE. Consequently, PEPE might be more responsive to market movements and potentially experience greater price volatility, which could present opportunities for traders.

Counterargument - Tree of Alpha:

In contrast to Deutscher's optimism, pseudonymous crypto analyst "Tree of Alpha" holds a bearish outlook on all meme coins trading against DOGE. According to Tree of Alpha, DOGE, being the original meme coin, holds a special status in the market. Copycats such as SHIB, PEPE, and FLOKI are viewed as destined to trend towards zero on the DOGE ratio. This perspective challenges the notion that Pepe or any other meme coin can surpass the dominance of Dogecoin.

In Summary:

The debate between Pepe and Dogecoin exemplifies the unpredictable and speculative nature of meme coins within the cryptocurrency market. While Deutscher argues in favor of Pepe, pointing to the "Underwater Thesis," the freshness of the meme, and the difference in market cap, Tree of Alpha offers a contrasting viewpoint, suggesting that Dogecoin's status as the original meme coin gives it a significant advantage. As the crypto market eagerly awaits the next cycle, the eventual winner of this battle will shed light on the future trajectory of meme coins and their enduring appeal.

Recently, DOGE (Dogecoin), a notable cryptocurrency in the market, caught attention with a 10% daily increase on Tuesday. With its highest daily gain of 10% since April 3rd, DOGE has gained 25% in the last two weeks. The meme-themed cryptocurrency DOGE is believed to be supported by speculations of being used as a payment mechanism, especially during its rebranding process on the Twitter platform.

DOGE's Performance and Speculations:

While cryptocurrencies usually enter an expected calmness during the summer months, DOGE is surprisingly showing a strong performance. Markus Thielen, the Chief Research and Strategy Officer at Matrixport, associates DOGE's rise with Elon Musk's marketing campaign to reinvent Twitter. Musk's efforts to expand the usage of the cryptocurrency and speculations about its use as a payment mechanism could have contributed to the increased demand and price surge of DOGE.

Revival in the Perpetual Futures Market:

DOGE's successful performance has also resonated in the perpetual futures market. According to data tracked by Coinglass, the value of "notional open interest," which represents the locked dollar value with active perpetual contracts, has exceeded $500 million in the last two weeks. The total open interest has also surpassed $6.2 billion, approaching the $6.43 billion peak reached on April 8th. This increase indicates new capital entering the market, strengthening the upward trend.

Funding Rates and Possible Directional Change:

However, it is noteworthy that the open interest-weighted funding rates have dropped close to zero at the moment. This suggests a balance between bullish long positions and bearish short positions. Funding rates determine the cost of holding long/short positions, and positive values indicate a prevalence of bulls, while rates near zero signify a balance between both sides. #MEMECOINS

Conclusion and Future Expectations:

Recent market performance indicates that DOGE might take a temporary break from its upward trend. However, Elon Musk's consistent Twitter posts about cryptocurrencies and his rebranding efforts for DOGE could still have an impact on its price in the future. Market participants can evaluate DOGE's future performance by closely monitoring funding rates and technical analyses. #ElonMusk #TWITTER

In Summary:

DOGE's recent successful performance points to interesting developments in the cryptocurrency world. Nevertheless, as with the overall cryptocurrency market, investors need to exercise caution and make well-informed decisions through proper analysis. Market conditions and news can change rapidly, so it is essential to carefully consider investment decisions. #DogeCoin $DOGE

Let’s take a look at SonicINU as an example of this:

SonicINU launched on Pinksale 21 April just over 1 month ago and accumulated 90+ $BNB in funds 

The starting market cap would was 44,000 if you would have invested $100 at that time, during sonics all time high which was around 6.2 Million you would have had around $14,000. The current MC is around 3 million which means you would current have around $6800. These figures are not inclusive of the  5% reflections you would get per buy and sell tax.

How did we arrive at these figures let me teach you how to work it out:

Lets get mathematical.

First, we need to figure out how much the market cap increased from the presale to the all time high. To do this, we divide the all time high market cap by the starting market cap:

6,200,000 (all time high market cap) / 44,000 (starting market cap) = 140.91

This number, 140.91, represents the multiplier for the market cap's increase. Assuming the value of your initial investment grew at the same rate, we can apply this multiplier to your initial $100 as follows:

$100 (initial investment) x 140.91 (market cap increase multiplier) = $14,091

Simple right 😉

Risk vs Profit

While #MEMECOINS or any other investment be profitable they do not come without RISK. Risk management is the most important part of any investors day to day activities it should be at the forefront of your mind with every click of a button from scams to rug pulls and even over investing.

Let me explain in more detail:

Now when you look at SonicINU they have achieved multiple milestones so far such as: 

Active community on social media platforms like Twitter nearly 7k users, Telegram nearly 9k users 

Marketing partnerships such as AVAdex and Binance LIVE amas 

And burning  63% of total supply burnt 

Developing and launching a meme-based NFT Marketplace. 

Weekly prizes for nft holders  

And a 2nd Audit by Certik.

They even have things planned for further down the line such as:

CEX Platforms listings.

Develop a P2E Game based on Sonic INU Token.

Launch Sonic Inu DAPP.

Launch Sonic Inu Wallet.

⚠️Now you may look at this and think "wow this is awesome, it is more than a meme coin I am safe to invest, even MEMECoins such as DOGE have no utility other than being a digital asset right"... WRONG!

While SonicINU does have utility It also comes with its risks as does every other investment, remember I told you about risks before you may have got excited about the milestones and future plans? let’s take a look 👁️:

🛡️According to recent research from crypto risk monitoring firm Solidus Labs, nearly 12% of all BEP-20 tokens, the standard token on BNB Smart Chain (BNB chain), are tied to scams​. This firm detects 15 deployed scams every hour across twelve major blockchains, indicating a significant level of risk in the wider blockchain space​2

In terms of specific characteristics that could signal a potential scam, a study from ISACA found that 95.2% of "rugged" projects or tokens had teams that were fully anonymous, and 13% of rug pulls took place within a day, with another 54% taking place within about a month and a half​

It's important to note that while these statistics provide a snapshot of the risk associated with investing in BNB Smart Chain projects, they don't guarantee that a specific project will fail or be a scam. Due diligence and careful research are crucial when investing in any crypto project.

While I stress the importance of the above, this is not to say that SonicINU will ever act maliciously or steal users funds, we may see this project go on to launch on Binance and even be a well recognised player in the #crypto world. Who knows what is possible, after all we did just see #pepe and #FLOKI get listed.

Top Tips

So with that in mind just think that $100 you invested could have easily gone to a team or a project that is trying to rugpull or scam money from you, here are some top tips on how to stay safe and invest wisely:

🔹Not every team is legit - (even if they are fully (KYC) know your customer / Doxxed

🔹Not Every token or nft will pump - I have seen more go down than I have seen go up

🔹Manage risk - I have included an article below to help with this please read on

🔹DYOR - Do your own research, make sure you are happy to invest and it suits your needs, do not listen to an influencer or base your decision from someone else's post 

🔹Never invest more than you can afford to lose - Split your portfolios and manage risk accordingly you could even apply the 1% rule to this (see #Binanceacademy link below)

🔹Take your initial investment (minimum you should be doing) + profits - if you are in profit make sure you take your initial investment and profits if possible this will safeguard you even further ensuring if a project does rug you have retrieved your initial funds back, putting you back in the same financial position you were before you invested.

🔹Even with all these steps keep in mind what I shared above about the % of scams and rugpulls you can easily lose everything with a click of a button and no project is 100% safe we have seen such things with the likes of FTX as only 1 example of the many out there.

Smart contracts and Phishing!

Double-check URLs before entering sensitive info. Watch out for look-alike domains, rogue browser extensions, and fake apps. Stay vigilant! #PhishingScams

Use risk scanning tools to analyze smart contracts.

The DappBay Risk Scanner: dappbay.bnbchain.org/risk-scanner 

AvengerDao Meter API: avengerdao.org/riskScanner

BSCScan too difficult to read at times?

Bubblemaps can help with that : https://app.bubblemaps.io/bsc/

example of a bubble maps chart

Verify Official Binance staff and websites: https://www.binance.com/en/official-verification

Please carry out thorough research in every project you decide to invest in,

You can find more help on risk management over at #BINANCE academy

https://academy.binance.com/en/articles/a-beginners-guide-to-understanding-risk-management

Pauly0x, the founder of “NotLarvaLabs” also known as Jeremy Cahen, is responsible for sponsoring this MEME COIN.

After more than 11 days of intense interactions, clues, and teasers released through its official Twitter pages, thousands of interactions and memes created by the community, and hundreds of SCAM tokens created by evildoers, speculation about the name of the new MEME COIN is at its peak.

Now, PAULY0X is finally lifting the veil.

Apparently, if it is not another marketing maneuver of Pauly0x, the long-awaited launch of what will be, according to him, the most anticipated MEME COIN of recent times since the launch of #PEPE COIN, may be scheduled for the next day, 7.21.23.

According to the latest clues released by Pauly0x, everything points to this being the most anticipated and coveted date in recent times in the crypto industry. However, the name of the MEME COIN is still unknown, although there is a lot of speculation around the name "COPPENHEIMER."

What is also not yet known concretely is the criteria to be a base investor, whether there will be any pre-launch, airdrop, as well as the requirements to become a root investor of this coveted MEME COIN. One thing we know so far is that Pauly0x says that this will be a MEME COIN "FOR THE PEOPLE," and it will not privilege any Whale, influencer, or organization, as they usually benefit in the launches of new tokens.

Usually, they receive advance information and tokens at an early stage of the projects to create FOMO and projection, which, of course, ends up favoring these players at the expense of retail investors.

Expectations are high, but the bar is also set very high for Pauly0x!

Will this be the most bombastic release of recent times?

Will this new MEME COIN really supplant all the MEME COINS that have been released to date?

What are your expectations and opinions on this topic?

#MEMECOINS

#GOATMoments

#Binance

$PEPE

The cryptocurrency world has been constantly attracting attention with new and interesting projects, and recently, "meme coins" have gained significant popularity. Meme coins are generally low-value cryptocurrencies associated with internet jokes and humor. In this article, we will take a look at the stories and popularity of the biggest meme coins, especially Dogecoin, Shiba Inu, Pepe, BONE, and Floki.

Dogecoin: The Originator of Meme Coins:

Dogecoin was created in 2013 as a parody of cryptocurrencies. It took its name from the "Doge" Shiba Inu dog featured in internet memes. Initially created as a joke, Dogecoin surprisingly garnered significant interest and quickly grew in popularity. It has gained a large following, especially with support from social media platforms and celebrities. #Dogecoin $DOGE

Shiba Inu (SHIB): The Doge's Sibling:

Shiba Inu is another meme coin inspired by internet memes, much like Dogecoin. Created anonymously in August 2020, SHIB quickly grew in value to become a significant market cap coin. While it briefly reached high price levels after being listed on Coinbase, it has since stabilized to a more consistent level. #shibaInu $SHIB

Pepe: Cryptocurrency Reflection of a Cartoon Frog:

Pepe may have been overshadowed by Dogecoin and Shiba Inu, but it gained attention with its entry into the market in the spring of 2023. This meme coin, popularizing a cartoon frog, quickly reached a significant market value and then experienced a decrease in value. #PEPE $PEPE

BONE: Governance Token of the SHIB Community:

BONE is a governance token used by the SHIB community on the decentralized ShibSwap exchange. BONE tokens are used to vote on decisions about the exchange's future. Its market value and token price fluctuate based on the community's confidence in the exchange's decisions. #MEMECOINS

Floki: A Meme Coin Focused on NFTs:

Floki is another branch of the Shiba Inu and Doge meme pool. Inspired by Elon Musk's dog, Floki serves as the native currency of an ecosystem focused on NFTs and NFT games. While its market value experiences fluctuations, it still garners significant interest. #FLOKI

Meme coins represent the fun and surprising side of the cryptocurrency world, but investors and cryptocurrency users should consider the volatility and risks that come with such investments. The unexpected value gains of some meme coins like Dogecoin have prompted attention to others. However, it is crucial to remember that cryptocurrency markets are highly volatile, and investments should be managed carefully.

In Summary:

Mme coins represent an interesting intersection of internet culture and the cryptocurrency world. Investors should manage their cryptocurrency investments with careful research and risk assessment. Keeping track of developments in the cryptocurrency markets and making informed investment decisions is always essential for investors.