Binance Square
LIVE
LIVE
CryptoFeed_News
Bullish
--571 views
#Write2earn Crypto Showdown: #MemeCoins vs. AI Coins – Which is Leading the Bull Run? #AI #AIcoins #Altcoins $DOGE $GRT $RNDR In this year's ongoing crypto bull cycle, meme coins and AI coins have gained significant traction. Here's a look at which sector is currently leading and why. Meme Coins vs. AI Coins As the crypto market surges with Bitcoin's halving in the spotlight, meme coins and AI & Big Data coins are also attracting substantial interest. A key question is which sector—meme coins or AI coins—has more potential. Meme Coins Take the Lead Meme coins have outperformed AI coins, with a market capitalization of $57.89 billion compared to $43.17 billion for AI tokens. Meme tokens also have a higher trading volume, $9.17 billion versus $3.31 million for AI tokens, indicating stronger investor interest. Top meme coins like DOGE, SHIB, and PEPE have seen significant price rallies, providing high returns on investment. PEPE hit a new all-time high this year, while DOGE and SHIB posted annual gains of 100%-200%. AI Coins Also Show Promise Despite meme coins leading, AI and big data tokens are promising due to the growing adoption of AI technology. Nvidia's success in the AI industry, including potential partnerships with Dell, supports a bullish outlook for AI tokens. Notable Performances Meme Coins: Dogecoin (DOGE): Up 8.03%, trading at $0.1645 Shiba Inu (SHIB): Up 6.28%, trading at $0.00002562 Pepe coin (PEPE): Up 18.58%, trading at $0.00001118 AI Tokens: NEAR Protocol (NEAR): Up 3.70%, trading at $8.21 Render (RNDR): Up 10.81%, trading at $11.20 The Graph (GRT): Up 10.66%, trading at $0.3455 Overall, meme coins are currently leading due to their high short-term ROI potential, but AI coins also hold promise for significant gains in the long term.

#Write2earn Crypto Showdown: #MemeCoins vs. AI Coins – Which is Leading the Bull Run? #AI #AIcoins #Altcoins

$DOGE $GRT $RNDR

In this year's ongoing crypto bull cycle, meme coins and AI coins have gained significant traction. Here's a look at which sector is currently leading and why.

Meme Coins vs. AI Coins

As the crypto market surges with Bitcoin's halving in the spotlight, meme coins and AI & Big Data coins are also attracting substantial interest. A key question is which sector—meme coins or AI coins—has more potential.

Meme Coins Take the Lead

Meme coins have outperformed AI coins, with a market capitalization of $57.89 billion compared to $43.17 billion for AI tokens. Meme tokens also have a higher trading volume, $9.17 billion versus $3.31 million for AI tokens, indicating stronger investor interest.

Top meme coins like DOGE, SHIB, and PEPE have seen significant price rallies, providing high returns on investment. PEPE hit a new all-time high this year, while DOGE and SHIB posted annual gains of 100%-200%.

AI Coins Also Show Promise

Despite meme coins leading, AI and big data tokens are promising due to the growing adoption of AI technology. Nvidia's success in the AI industry, including potential partnerships with Dell, supports a bullish outlook for AI tokens.

Notable Performances

Meme Coins:

Dogecoin (DOGE): Up 8.03%, trading at $0.1645

Shiba Inu (SHIB): Up 6.28%, trading at $0.00002562

Pepe coin (PEPE): Up 18.58%, trading at $0.00001118

AI Tokens:

NEAR Protocol (NEAR): Up 3.70%, trading at $8.21

Render (RNDR): Up 10.81%, trading at $11.20

The Graph (GRT): Up 10.66%, trading at $0.3455

Overall, meme coins are currently leading due to their high short-term ROI potential, but AI coins also hold promise for significant gains in the long term.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
@cryptofeed_news

Explore More From Creator

--
#Write2earn #Bitcoin Market Analysis : Bearish Trend Although Ethereum ETF Approval #ETF #BTC #MarketAnalysis $BTC The Securities and Exchange Commission (SEC) greenlit all Spot Ethereum ETFs on Thursday, but the aftermath saw Bitcoin and the overall crypto market facing another downturn. Bitcoin is currently down nearly 2% on Friday. Ethereum ETF Approval Fails to Ignite BTC Price Despite the significant milestone of SEC's unexpected approval of Spot Ethereum ETFs, it failed to spark the anticipated surge in the crypto market. Instead, the following day witnessed Bitcoin struggling to maintain its position above $67,000, with Ethereum experiencing over a 3% decline, and several altcoins faring even worse. A 'Sell The News' Scenario The Ethereum community had likely anticipated a 'sell the news' scenario, considering Ethereum had already surged by over 28% in the last four days. BTC Breaks Out of Mini Bull Flag On the short-term hourly chart, Bitcoin has broken downwards out of a small bull flag, signaling a bearish trend. While there is support below, the price needs to hold steady to avoid dropping to the next support level at $64,000. False Breakout on Large BTC Bull Flag On the higher daily timeframe, a larger bull flag is evident. However, the price has reentered the flag, indicating a false breakout. Nonetheless, there is solid support at this level. If the price continues to decline, it could potentially fall back to $55,000. BTC Shows Positive Signs for the Future Despite these fluctuations, the 4-hour, 8-hour, and 12-hour stochastic RSIs are bottoming out, suggesting that upward momentum may soon resume for Bitcoin. In summary, the bull flag remains relevant, with substantial support levels beneath the current price, including highs from the previous 2021 bull market. Additionally, the weekly stochastic RSI indicates a cross up from the bottom, indicating a potential return of momentum. A shift is underway in the US political landscape concerning crypto, and with elections scheduled for November.
--
#Write2earn #SEC Approves Spot Ethereum ETFs from Major Players, Marking a New Era in Crypto Investing $ETH #ethereum #ethereumETF The U.S. Securities and Exchange Commission (SEC) has approved eight spot Ethereum ETFs from major players like BlackRock, Fidelity, and Grayscale, marking a significant shift in crypto investment options. Overview of the Approval On May 23, 2024, the SEC gave the green light to 19b-4 filings from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise through an omnibus order. This approval follows the recent introduction of spot Bitcoin ETFs in January, highlighting growing acceptance of digital asset investment products in the U.S. Details of the Process The approved ETFs will be listed on three major exchanges: CBOE, NYSE ARCA, and NASDAQ, broadening Ethereum's accessibility to investors. Despite this progress, trading can only commence once the issuers receive approval for their S-1 registration statements. While this process can take a few weeks, it has historically taken up to three months. Political Influence and Market Reactions The SEC's decision came unexpectedly, especially given their recent lack of engagement with issuers. Political pressure from House lawmakers, including Majority Whip Tom Emmer and NJ Democrat Josh Gottheimer, may have influenced the rapid approval. They urged the SEC to approve the ETFs to align with the agency's recent approval of spot Bitcoin ETFs. Insiders suggest that some parts of the SEC were surprised by the swift approval. Market analysts like Bloomberg’s Eric Balchunas estimate that Ethereum ETFs could attract 10-15% of the investment expected for Bitcoin ETFs, potentially garnering $5-$8 billion in the first few years. Next Steps and Market Outlook Issuers are now focused on obtaining S-1 registration approval, which is essential for trading to begin. Conversations between the SEC and issuers have started, but the exact timeline for approval remains uncertain.
--
#Write2earn Crypto Market Faces Critical Support Loss Amid Bearish Trends and Regulatory Developments $BTC $ORDI #TotalMarketCap #MarketAnalysis The overall cryptocurrency market cap has dipped below the crucial $2.50 trillion mark, a key psychological support level. Bitcoin is also feeling the pressure, currently trading at $67,300. The market is experiencing mixed signals, with bearish macroeconomic conditions and bullish crypto developments. Among altcoins, Ordinals has taken the biggest hit. Today's Headlines: SEC Approves Ethereum ETFs CBDC Anti-Surveillance State Act Market Analysis: Total Crypto Market Cap: The total cryptocurrency market cap has fallen below the $2.50 trillion support level, a significant psychological barrier. This decline is concerning, especially given the bearish macroeconomic environment. Even the approval of spot Ethereum ETFs hasn't counteracted the bearish trend, potentially pushing the market cap down to $2.39 trillion. Reclaiming the $2.50 trillion level could signal a rise to $2.60 trillion. Bitcoin Price Movement: Bitcoin has seen a consistent decline, marked by a fourth consecutive red candlestick. The price has dropped from $71,800 to $67,293. Falling below the $68,500 support level has intensified bearish sentiment, with a potential further drop to $64,883. However, if Bitcoin reclaims the $68,500 support level, it could resume its bullish trend, potentially reaching $71,800. Ordinals Price Drop: Ordinals, after a ten-day upward trend, saw a sharp decline in the last 24 hours, dropping 10% to $37.4. This decline delays a potential breakthrough of the $44 resistance level, requiring a 12% recovery to reach this target. Achieving this recovery would invalidate the current bearish outlook and boost profits for ORDI holders.
--

Latest News

View More
Sitemap
Cookie Preferences
Platform T&Cs