#memecoin‬⁩ plays are becoming a valid way for speculators and gamblers to thrive during bull runs. If at all you are looking at this growing class, be ready to lose it all (and therefore allocate a 2% of crypto portfolio into them).

The narrative to follow here is to identify the main memecoins on Layer 1s that are growing well – they give a higher beta to layer 1 assets.

#Etherrum (DOGE, SHIB, PEPE, FLOKI), Solana (BONK, WIF, MYRO) and Avalanche (COQ)

a great ride 2024 has already been! Bitcoin is up 60% year-to-date and is nearing price discovery mode after taking out its previous all-time high. Ethereum, Solana, and other top altcoins have followed the #1 asset’s price action and have registered considerable gains too.

To maximize your crypto portfolio returns, it's prudent to allocate a good share to emerging and upcoming narratives that will drive value in the ecosystem. In our last article, we covered layer-2 solutions, decentralised protocols and gaming ecosystems

AI is the next big narrative globally and crypto-based AI tokens have the potential to deliver decentralized scaling of AI solutions. The frontrunners in this space are Render (RNDR) and Fetch.ai (FET). The risks involved in this space are: how well the general AI narrative takes shape globally and how soon.

#RNDR: is basically a decentralised GPU network. If you have idle GPU at your home, you can loan out that GPU for others to use to implement AI services. A simple yet effective idea. RNDR has a market cap of $3.7 billion currently and can do a 5-8x over the next two years potentially.

#Doge #SHIBA✅ 🚀#FlokiTeam

DOGE and SHIB ended the Friday session with gains of 4.58% and 11.73%, respectively. SHIB ended a three-day losing streak. Despite a three-day losing streak, SHIB is on target for another stellar week. After surging by 133.09% in the week ending . SHIB was up 56.52% Monday through Friday. DOGE was up a more modest 6.55% after rallying 79.39% in the week ending

Upward trends in active addresses fueled breakouts as investors returned from the sidelines. BTC remained the market barometer, a Friday record high driving buyer demand for meme coins.

However, FLOKI (FLOKI) stole the show on Friday, surging 66.39% to $0.0002323. FLOKI was up 60% Monday through Friday after ballooning 299% in the week ending March 3. FLOKI has benefited from listings on crypto exchanges and endorsements as a long-term investment opportunity.

Coinhako, a Monetary Authority of Singapore-regulated crypto exchange, listed FLOKI on Friday, March 8. CoinMENA also announced the listing of FLOKI on Friday.

Key Takeaways

Fantom seeks to have Multichain declared bankrupt by the Singapore High Court to recover around $122 million lost in a bridge exploit.
A default judgment has been secured by Fantom, paving the way for the potential appointment of a liquidator to manage asset recovery.
The case highlights ongoing efforts to tackle security vulnerabilities within the blockchain space.
The Fantom Foundation is turning to the Singapore High Court to declare the Multichain Foundation bankrupt.

This action was taken with the aim of recovering around $122 million lost in the exploit of Multichain's Fantom bridge in 2023.

#FANTOM. #TrendingTopic #BlockchainLeaders

#AI #Coindesk #RNDR:
#future_tradin_signal_update
Expectations that a crypto project will be mentioned in an Nvidia (NVDA) conference later this month are driving traders to bid on artificial intelligence (AI)-linked tokens, propelling CoinGecko 's category for the coins up 25% in 24 hours.

Tokens of Fetch.AI (FET), Render Network (RNDR), Sleepless AI (AI) and SingularityNET (AGIX) climbed as much as 40%. These projects claim to utilize AI in various ways, such as providing a virtual companion and being a marketplace for graphic processing cards.
Behind the surge are reports that crypto AI project developers are attending the chipmaker's conference or taking part in panels, according to Lookonchain. The event will be held from March 17-21. The advance compares with bitcoin’s 0.3% increase and a 0.4% gain in the CoinDesk 20, a broad-based liquid index of major tokens.

#Solana🚀 has emerged as a standout performer, with its price doing a 10X surge. This surge in price, particularly in the aftermath of the FTX collapse, has been remarkable. This is a story of Solana's resilience but also highlights how it survived a particularly bleak crypto winter. Let's do a deep dive into the factors driving Solana's ascent and speculate on its future.

Solana stands at the forefront of the next generation of blockchain technology.

The success of these DEXes, alongside the proliferation of NFT marketplaces and the viral uptake of meme coins such as BONK, exemplifies Solana's capacity to host and support a diverse range of blockchain applications, setting a new benchmark for scalability and user engagement in the cryptocurrency space #BONK.

Is Investing in Cryptocurrency Safe?

The cryptocurrency market has seen the good side as well as the worst side of the market, be it post-Russia-Ukraine effects, Terra-Luna crash, FTX collapse or tightened tax regulation, it has witnessed roughest storms during the past few years.

The year 2024 gave a fresh start to the crypto world, showing positive signs of recovery. Crypto investors believe that in situations like this, investing in stable digital currencies like Bitcoin and Ethereum in SIP format is a safe choice. Crypto experts consider that in the overall portfolio, investors should just look at investing just the 5% exposure to cryptocurrencies. The most important part is to invest only a miniscule amount and not all your life savings as the market is highly volatile and there are chances of you losing it all.

WHY MARKET IS GOING DOWN

The crypto market is swinging from left to right, comfortable in limited range and smooth curves. The FTX fallout in the year 2022 shook the market and turned it downside. This year gave a fresh and positive perspective to major cryptocurrencies like Ethereum and Bitcoin, which gradually turned green helped by the relaxed macroeconomic situation of macroeconomic and cooling inflation. As of March 4, 2024, BTC is trading at an exceptionally high level of $63, 667 around 7.78% low from it’s all-time high and ETH at $3,472 that’s around 29.1% low from it’s all time-high.

Nevertheless, the market sentiments have slowly turned from fear to greed and then to neutral. This is the nature of the crypto market which is highly volatile and unpredictable. The cryptocurrencies were showing a sign of stability last month but due to the U.S. inflation and its impact on liquidity.#TrendingTopic #BTC

The U.S. Federal Reserve’s stance on interest rate hikes has moved the crypto market upside down. Bitcoin crossed the level of $31,000 in July 2023 and is again at a low in August 2023 at $27,000 but has shown immense recovery in October at the level of $34,495 and as of today it is at outstanding levels of $63,000. This has left the crypto investors hooked and nervous.

The current volume in the digital crypto market stands at $110.43 billion. However, if we talk about the world’s largest cryptocurrencies, Bitcoin and Ethereum were at the top of the charts till last month and showing signs of recovery. As of March 4, 2024, Bitcoin is trading at $63,667 and Ethereum is trading at $3,472.

The crypto market till now has no doubt positively responded to the global finance uncertainty and is still standing strong amid tightening credit situations with shaky bond market volatility. Crypto cannot sail alone, for a balanced atmosphere all other financial assets have to follow the same sentiments.

MicroStrategy’s HODL strategy is continuing to reward investors.

The company said on Monday that it acquired an additional 3,000 bitcoins
for a total of $155 million between Feb. 15 and Feb. 25. MicroStrategy, along with its subsidiaries, now owns about 193,000 bitcoins worth $11 billion.

Michael Saylor, the company’s chairman and ex-CEO and one of the cryptocurrency’s principal evangelists, touted the latest purchase in a post on X, noting that MicroStrategy’s average purchase price over time is $31,544. As of Tuesday, bitcoin is trading at just under $57,000.

MicroStrategy shares surged 16% on Monday and another 10% on Tuesday to close at $871.80.

Founded in 1989, MicroStategy has a business in enterprise software and cloud-based services, but its shareholder value is almost entirely tied to its bitcoin ownership, effectively making the company a proxy for the world’s biggest cryptocurrency.
#SHIB #PEPE‏ #ETH #Altcoins...

Shiba Inu #SHIB has been on a massive run gaining a whopping 380% over this period. The price surge has also led to a breach of multiple resistance levels that have historically impeded on the crypto asset’s
Shiba Inu has left many of its competing cryptocurrencies in the dust. The blockchain project has overtaken prominent names such as Chainlink #LINK. Polygon #MATIC/USDT⚡ and Tron #TRX‏
#Shibinu into the top ten cryptocurrencies by market capitalization yesterday. Shiba Inu now has a $24.4 billion market cap and is on his way to killing Dogecoin, whose market cap is $27.2B.

#TetherUpdate
Tether, the largest stablecoin USDT , has launched a new official recovery tool. This tool aids in moving USDT holdings between blockchains smoothly, reducing potential disruptions caused by blockchain interruptions. It guarantees uninterrupted access to USDT for its wide user base.
The recovery tool provides users with a streamlined process to initiate the migration of USDT from affected blockchains. Through a user-friendly interface, individuals can verify ownership of their addresses on the unresponsive blockchain and designate a recipient address on another supported blockchain.

#Bonk Bonk (BONK)
Meme coins are front and center of the crypto rally right now and Bonk (BONK) is pumping.

Solana’s top meme coin is up nearly 50% in the past 24 hours,

But at a market cap of last just under $2.5 billion, it could still be the best crypto to trade with

That’s because better-known meme coins like Dogecoin and Shiba Inu have market caps 6-8x higher.

If BONK can catch them, that would mean huge gains for investors getting in now.

#pepe Pepe (PEPE)

Pepe Coin (PEPE) is right on Bonk’s heels, up just over 45% in the past 24 hours.

Its market cap was last a little more than $3 billion, showing it still has plenty of room to run to the upside as the current bull market matures.

The prospect of 5-6x gains in the coming weeks and months makes PEPE amongst the best

#Fantom Fantom (FTM)

Previously seen as a major competitor to Ethereum and darling amongst crypto investors, Fantom (FTM) is attempting a comeback.

FTM was last up around 30% in the past 24 hours.

Last at $0.66, FTM is down over 10% from earlier session highs.

But the cryptocurrency remains up a healthy near 300% from its October 2023 lows.

And given its market cap of still under $2 billion, Fantom has a lot of upside potential.

Investors could easily be looking at 10x gains with FTM, making it amongst the best crypto to trade.

Hello Guys Claim
Claim it #DOGE #pepe #SHIBA✅🚀
#redpack202🎁4

The SHIB price is aiming to maintain its ascending trajectory, yet the RSI’s signal of an overbought condition suggests that there is significant resistance being defended .As the price has broken above $0.00002300,bulls are gaining further confidence.#SHIBA✅🚀❤️

#MyFirstFeedPost Hello, Binance Square!

the recent surge in meme coins has been remarkable, it is crucial to remember that these assets are primarily driven by hype and speculation, rather than underlying fundamentals. As a result, they are prone to significant price swings #DOGE #pepe #Altcoins...