This Year, Pepe Has Become a Leading Crypto-Meme
Shiba Inu (SHIB): A Potentially Valuable, Cheap Meme Coin
The RichQUACK (QUACK) Meme Coin: Huge Success and Future Prospects
Meme-based cryptocurrencies such as Shiba Inu (SHIB) and Pepe (PEPE) have demonstrated their potential as very lucrative investment opportunities for those involved in the cryptocurrency market. However, with the prevalence of frauds and fraudulent activities in the realm of cryptocurrency and decentralized finance (DeFi), identifying them can pose a significant challenge. Aligned with this notion, a cryptocurrency analyst has disseminated a comprehensive manual elucidating the methodology to identify nascent opportunities in their incipient stages, preceding their widespread dissemination across various social media platforms.
This Year, Pepe Has Become a Leading Crypto-Meme
Since its first release some months ago, Pepe has been on quite the adventure. This year, however, its robust user base and viral appeal propelled it to prominence. Ahead of other meme currencies, it gained traction on social media, making it a promising investment in 2023.
Pepe's endorsements expand the coin's practical applications beyond the realm of entertainment. All transactions are guaranteed to be safe because it is based on the Ethereum blockchain.
While the meme coin colossus like Dogecoin took nearly 4 years to attain a $1 billion market value, Pepe did it only 21 days. This is a huge success, since it shows that people have faith in this leading alternative currency.
There is a deflationary mechanism built in to ensure token scarcity. Every time a transaction is made on the blockchain, a tiny number of tokens are destroyed. This raises the value of tokens over the long term.
Shiba Inu (SHIB): A Potentially Valuable, Cheap Meme Coin
This week, Shiba Inu has had robust inflows from significant holders. Based on on-chain statistics provided by IntoTheBlock, there has been a notable increase of 627% in the influx of significant holders for Shiba Inu cryptocurrency during the previous week. This observation implies that those with extensive knowledge and experience in financial matters perceive the current pricing of Shiba Inu as advantageous for investment purposes.
Furthermore, there has been a notable increase in the pace at which SHIB tokens are being burned in recent times. A whale of unidentified origin just conducted a substantial burn of 140 million SHIB tokens, marking it as the most significant individual burn event in recent times. The aforementioned factor significantly contributed to a substantial increase of 1,351% in the SHIB burn rate, as a larger number of holders are actively withdrawing tokens from circulation. A decrease in token supply has the potential to positively impact prices in the long run, provided that demand remains robust.
The daily Relative Strength Index (RSI) of the Shiba Inu indicates a value of about 52, placing it within a neutral range. This suggests that there is potential for further upward movement before reaching overbought levels. As previously stated, an RSI value beyond 70 signifies a state of overbought market circumstances, whilst a value below 30 suggests oversold conditions. The Shiba Inu cryptocurrency has potential for future upward movement if the current trend of buying pressure persists.
The RichQUACK (QUACK) Meme Coin: Huge Success and Future Prospects
The creators of the initiative have chosen to remain unknown, as is customary with meme currencies. This is a potential hazard, but there have been successful initiatives with anonymous creators in the past. The project's success will ultimately depend on the development and work of the community, making it clear that the community is more vital than the founders themselves.
What Sets Rich Quack Apart?
According to the available information, Rich Quack is based on the same premise as other meme coins, which sees a high 12% transaction fee applied to every exchange of tokens.
Rich Quack's purportedly futuristic launchpad stands out as the company's most distinctive offering. Rich Quack huge jackpot raffle and lottery platform are expected for debut in Q4 2021. A future price increase for QUACK might be fueled by this unique selling point over competing meme currencies. In addition, Rich Quack has an anti-whale function that prevents any single user from purchasing or selling more than 0.01% of the currency at any given moment.
How Many Rich Quack Coins (QUACK) Are Currently in Use?
There are 100 quadrillion QUACK tokens in circulation. That's 17 zeroes. Rich Quack, like many other meme currencies, launched with an absurdly large supply to entice retail purchasers chasing small-cap coins.
Rather than participate in a presale or team allocation, Rich Quack has opted to show that this is truly a communal effort. To keep people from going too rough with the system, we've locked up the cash for five years. The same amount was incinerated instantly and made available as currency. If the Quack Launch Platform ever takes off, Rich Quack promises that half of the revenues will go to the people who supply the platform with liquidity. Twenty percent will be pooled for the raffle, while thirty percent will be utilized for buy back and burn.
The Binance Smart Chain (BSC) is home to Rich Quack, and it is the preferred chain for meme currencies due to its low fees and quick transaction times. It is the hope of Rich Quack that the influx of small-time capital will help the company reach new heights.
Proof-of-stake is the consensus method that ensures the safety of BSC. Each transaction on the blockchain must be validated by one of the 21 validators who are elected at regular intervals of 24 hours. In order to become validators, these users must first stake a specified number of BNB tokens with Binance.
Half of Rich Quack's original stockpile of 100 quadrillions has been consumed. But with that much supply, I don't see it getting to $0.01. However, Rich Quack's cheap introductory price means that even a little growth in value will result in large profits for its owners.
