Solana's memecoin mania pushes Pump.fun revenue above $30 million
The memecoin renaissance is back in full swing.
Over the past month, we’ve seen a lot of meme-centric news. Roaring Kitty, the face of the 2021 meme stock rally, made his return to X. Pump.fun, the memecoin launchpad, was exploited for $1.9 million by a former employee. The face of dogecoin, the Shiba Inu Kabosu, passed away.
In general, the crypto market has also been buoyed by excitement around the surprise approval of the spot Ethereum ETF 19b-4 approvals and some more optimistic inflation data coming out in the U.S. this month.
$Pepe How crypto founders are preparing for the next bear market? ?
Crypto founders are already preparing for the next downturn.
That’s according to Elliot Chun, partner at Architect Partners, a firm that advises crypto companies on mergers, acquisitions, and financing strategies.
“All of them are coming to me saying, ‘I’m getting ready for the next drop in 18 months, and I want to capitalise on the current move,’” Chun said.
“I have never had so many founders and executive teams saying we have to make something happen within 18 to 24 months".
Current Price $ 0.000343 Price Prediction $ 0.00117 (249.92%) Fear & Greed Index 75 (Greed) Sentiment Bullish Volatility 16.32% Green Days 15/30 (50%) 50-Day SMA $ 0.000196 200-Day SMA $ 0.000113 14-Day RSI 66.90
According to our current Floki Inu price prediction, the price of Floki Inu is predicted to rise by 249.92% and reach $ 0.00117 by July 5, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 75 (Greed). Floki Inu recorded 15/30 (50%) green days with 16.32% price volatility over the last 30 days. Based on the Floki Inu forecast, it's now a good time to buy Floki Inu.
SingularityNET announces ASI token merger dates for FET, AGIX, OCEAN $OCEAN
For holders of FET, AGIX and OCEAN tokens, the merger will involve converting these tokens into ASI tokens at specific conversion rates.
FET tokens will be converted into ASI at a 1:1 ratio, AGIX at a ratio of 1:0.433350, and OCEAN at a ratio of 1:0.433226.
ERC-20 tokens will be made available on June 11 for users to swap FET for ASI tokens via a token migration contract, followed by AGIX and OCEAN on June 13.
Berkshire Hathaway shares resume trade after glitch that triggered the 99% fall is fixed
Shares of Warren Buffett's Berkshire Hathaway Inc. fell 99% in a dramatic fall at the start of trading on Wall Street. The New York Stock Exchange has attributed this to a technical glitch and trading has been halted in the stock. The 'Class-A' shares of Berkshire Hathaway, 38% of which are owned by the firm itself, are showing this reading.
In an update, the New York Stock Exchange said that it is investigating a technical issue related to the upper and lower limits on stocks, which are mechanisms to halt stocks for excessive volatility. The issue was later resolved.
.Solana Meme Coin by Iggy Azalea Skyrockets 1,875% in 2 Days $SOL .Billionaire Chamath Palihapitiya Says It Makes Sense for Countries To Hold Bitcoin in Dual-Currency Environment.
.Crypto Headlines Of The Week: Ripple Counters SEC While Bitcoin & ETH Battle Market Volatility
.Bitcoin miners sink millions into AI businesses, seeking billions in return
Ripple could sell 400 million XRP in June; Largest dump in 7 years
$XRP Ripple has prepared its treasury account for what could be the largest monthly XRP dump since 2017. The company has reserved 400 million XRP tokens worth $208 million for its sell-off in June.
Every month, Ripple—the largest XRP holder and entity behind the XRP Ledger development—sells part of its
$TRX Tether co-founder Brock Pierce teases possible return to Hong Kong, says China will open to cryptocurrencies
Cryptocurrency investor Brock Pierce said he is in conversations to bring a new venture to Hong Kong a decade after co-founding the world’s largest stablecoin
Pierce is striking a positive tone as several crypto exchanges have withdrawn their licence applications in the city amid a ban on serving mainland customers
Crypto Capital Founder Dan Gambardello, also popular as Cardano bull, has named three unique altcoins he believes can outperform the market amid the ongoing bull run. $DOGE .Dan Gambardello has listed his top altcoins with massive growth potentials
$AVAX .The digital currencies highlighted include AVAX, ADA and DOGE
.These altcoins have strong fundamentals driving their growth
#NOT $NOT Notcoin Price Prediction: NOT Set For Major Upsurge After 75% Rally?
NOT started as a viral Telegram game and has seen a significant price surge in the past 24 hours. The Notcoin price is currently priced at $0.00914, reflecting a remarkable 51.72% increase in just one day. This surge has brought its market capitalization to approximately $938 million, securing its position at 94 in market rankings.
$ETH Ethereum Price Hovers Close To Its Important Support Level!
Despite increased bearish sentiment in the crypto space, the ETH price has successfully held its value above the important support level of $3,730, indicating a rising bullish influence for the altcoin leader in the crypto market.
Ethereum Price Analysis
The Ethereum crypto has added approximately 2% to its portfolio this week. However, the ETH coin price has added 28.38% over the past 30 days, highlighting a positive outlook during the upcoming weeks.
The Simple Moving Average (SMA) shows a high possibility of a bullish convergence in its 1D time frame. Furthermore, the Relative Strength Index (RSI) displays a bullish curve below the overbought range, suggesting the Ethereum price will continue gaining value this month.
If the bulls hold the price above the support level of $3,730, the ETH crypto will surpass its resistance of $4000 and head toward its upper resistance level of $4,500 during the upcoming weeks. Conversely, a bearish trend reversal could result in the price testing its low of $3,400.
$XRP XRP Coin Price Fails To Break Out Of Its Resistance Zone:
Amid increased volatility, Ripple’s XRP crypto has recorded a constant price fluctuation by adding 0.25% within the past day but recording a correction of 3% over the past week. Moreover, it added 4.35% in May but has a YTD of -15.59%, indicating a mixed price sentiment for the XRP Price. XRP Price Analysis
The Cross EMA 50/200-day acts as a resistance to the price chart, highlighting increased selling pressure for the Ripple price in the crypto market.
The technical indicator, MACD, displays a constant flatline with its averages showing a neutral trend. This highlights uncertainty in the future price action of this altcoin.
Suppose, the bulls regain momentum. In that case, the XRP coin price will surpass its resistance level of $0.5340 and retest its important resistance zone. However, a weak price action could result in the Ripple token plunging toward its crucial support level of $0.480 in the coming time.
$DOT Pudgy Penguins teams up with Mythical Games to launch Web3 mobile game on Polkadot
Pudgy Penguins, a prominent NFT collection, has announced a partnership with Mythical Games to develop a Web3-powered AAA mobile game on the Polkadot-based Mythos Chain, according to a May 30 statement.
The game will launch in 2025, featuring the beloved Pudgy Penguins characters and their unique lore and humor.
Mythical Games, known for successful blockchain games like NFL Rivals and Blankos Block Party, brings a wealth of experience to this new venture. The firm’s Mythos 2.0 network is almost live and reportedly boasts nearly 800,000 active wallets, according to Polkaworld.
$SUI Solana Killer Sui Has Serious Long-Term Potential
“[Sui] meets the criteria of a crypto that retail could ape into. It has a low price tag, which gives the illusion of large gains. It has a lower market cap than most large-cap cryptos, which means that it takes less money to move its price. And it’s accessible as it’s listed on all major exchanges.”
Sui is trading at $1.03 at time of writing, down by around 53% from the all-time high price of $2.17 reached in late March.Various metrics on Sui such as the total value locked (TVL) and the number of on-chain transactions suggest a short-term bearish future for the Solana rival.
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A widely followed analyst and trader is predicting triple-digit gains for a leading memecoin while updating his outlook on three other crypto assets.
$DOGE The trader pseudonymously known as Altcoin Sherpa tells his 216,400 followers on the social media platform X that Dogecoin (DOGE) potentially surging to $0.40, about 147% above the current level .
$SOL Turning to Solana (SOL), Altcoin Sherpa say, “I think this goes much higher later this year but I think that we just see more chop/lower volatility for now.”
$LINK Blockchain oracle Chainlink (LINK). The pseudonymous trader says that while Chainlink may not yield 100x gains, it has limited downside. Based on Altcoin Sherpa’s chart, it appears that he is suggesting that LINK could surge by around 75% from the current level and reach a price of $32 over the coming months.
Layer-1 platform NEAR Protocol (NEAR). The pseudonymous analyst says that the Ethereum (ETH) competitor currently offers no attractive entry opportunity for a long position.
#Megadrop #MtGox #DOGE $DOGE Incoming “Insane Pump” Puts Dogecoin (DOGE) Traders On Edge, Find Out Which Tokens Will Benefit
Thanks to reduced Bitcoin (BTC) market dominance and higher activity on Ethereum (ETH) trades, Dogecoin (DOGE) owners may yet see their assets continue in the green zone for a while.
Over the past year, Dogecoin (DOGE) has been a shining star, with a remarkable year-to-date price growth of 134%, 16% in the past month, and 10% in the last seven days.
Despite a recent 1.87% decrease, Dogecoin (DOGE) is currently valued at $0.1674 and has a market capitalization of $24 billion, a testament to its potential.
In the last 24 hours, Dogecoin (DOGE) has recorded morethan 34% reduction in a trading volume of $1.1 billion.
The world of cryptocurrency is known for its volatility, and a recent story exemplifies this perfectly. A savvy (and perhaps lucky) trader has turned a mere $3,000 investment into a staggering $46 million profit, all thanks to the meteoric rise of a memecoin called PEPE.
Details of the Trade
Reports indicate the trader purchased a whopping 4.9 trillion PEPE tokens for just $3,000 back in April. Fast forward to May, and the value of PEPE skyrocketed, making those tokens worth over $56 million. While the trader reportedly sold off a portion of their holdings (around $7.4 million), they remain a significant PEPE holder, with tokens currently valued at roughly $38.9 million.
A Cautionary Tale (and a Stroke of Luck)
This story is undoubtedly a remarkable example of the potential returns in the cryptocurrency market. However, it’s crucial to remember that such windfalls are far from common.
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We can go with another way to make money with NFTs:investing in digital collectibles and art . This involves purchasing non-fungible tokens that are part of a series or set, with the goal of selling them for a higher price . Some well -known NFT collections include CryptoPunks , Bored Ape Yacht Club, and World of Women. $SAND To get started with investing in NFT collections, follow👣 these steps:
1.Research popular and upcoming collections: Keep an eye on NFT marketplaces , social media platforms, and industry news to identify trending🔥🔥 and potentially valuable release.
2.Analyze rarity and value factors:Assess the rarity of NFTs within a collection based on factors such as edition size, artist reputation, and unique traits. Higher rarity generally correlates with higher value.
3.Set a budget:Determine how much you're willing to invest in NFT collections and stick to your budget . Remember that investing in NFTs can be risky and there's no guarantee of returns.
4.Purchase NFTs :Once you've identified a collection that aligns with your interests and investing goals , buy the NFTs on a trusted marketplace.
5.Monitor the market:Keep track of the value of your NFTs , paying attention⚠️ to trends and news related to the collection. When the time⌚ is right , consider selling your NFTs for frofit.
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Coinbase Extends Support For SHIB , FLOKI, & BONK:-has recently introduced perpetual futures contracts for Shiba Inu(SHIB) , FLOKI and BONK which are anticipated to inject a significant amount of capital into the coins' ecosystem. $BONK Whale Accumulations On The Rise:-numerous reports by CoinGape Media spotlight that Shiba Inu and FLOKI accumulations by whales have been on the rise.
Derivatives Data Analysis:-Coinglass data further paints an optimistic portrait of SHIB, FLOKI and BONK meme tokens. Upon looking at open interest charts , it can be seen that SHIB Futures OI has surged to unprecedented levels since February this year. $FLOKI SHIB, FLOKI and BONK Price Movements:- Shiba Inu's yearly charts show gains of 192% whereas FLOKI rallied 622% during the same period BONK , on the other hand , surged exceptionally over the past year , worth 8882%.