Bitcoin entered a sideways consolidation phase on November 18, 2024, at 10:50 AM (UTC+8), currently maintaining a strong weekly trend, showing some stability.
While it is expected to remain in a sideways trend this week, a significant pullback is unlikely in the short term. However, the daily level has been oscillating for three consecutive days, with prices fluctuating around $90,000. The four-hour chart shows trading ranges between $91,800 and $88,500. Recent trading volumes have decreased, suggesting that investors should take appropriate profits at high levels and wait for new market opportunities.
Short-term surge opportunities for meme coins
The recent returns of meme coins are astonishing. For example, a $2000 investment multiplied by 7 times in half a month. By keenly observing market capital flows, large transfers on the OK platform from November 15 to 16 hinted at the potential of SLOVE, capturing over 70% of the price increase. Additionally, combining some blue-chip projects (like Lester associated with Litecoin) to optimize portfolios can both mitigate early risks and seize opportunities for subsequent price increases.
Don't miss these four cryptocurrencies under $0.10
Pepe (PEPE)
PEPE is a new meme coin launched on Ethereum, inspired by the internet meme Pepe the Frog created by Matt Furie in the early 2000s. Aimed at joining popular meme-based cryptocurrencies like Dogecoin and Shiba Inu, PEPE embraces its meme origins through tax-free policies and straightforward methods. It does not intend to provide utility but is purely and simply a meme coin. From late April to May 2023, PEPE experienced explosive growth, reaching a market cap of $1.6 billion. Early holders became millionaires overnight, forming a strong community of enthusiasts around them. This surge triggered what some call 'meme coin season', with other meme coins also experiencing dramatic price fluctuations.
The potential of PEPE lies in its community-driven growth and the power of internet culture. Its roadmap includes listing on major exchanges and igniting a 'meme storm'. While it does not offer technological innovations, its appeal comes from harnessing viral trends and the cryptocurrency world's obsession with memes. In the current market cycle, with expectations of the next Bitcoin halving and hopes for a bull market, PEPE captures the speculative spirit of the cryptocurrency community. Comparisons to Dogecoin and Shiba Inu indicate that meme coins can gain tremendous attention, despite often exhibiting high volatility. Whether PEPE will reach new highs remains uncertain, but it has certainly made an impact on the cryptocurrency market.
Jasmy Coin (JASMY)
JasmyCoin is a project of Jasmy Corporation based in Tokyo, focusing on the Internet of Things (IoT), connecting devices like phones, cars, and computers. Jasmy hopes to enable people to control their own data. Through its platform, users can securely store and share personal information. The goal is to create a secure space where users and service providers can trade data without needing to trust each other.
By combining the Internet of Things with blockchain technology, JasmyCoin transforms personal data into a valuable asset that you own. They use a system called IPFS to store data, ensuring its security and decentralization. In today's market, data privacy is a major issue. Currencies like JasmyCoin that protect personal information may have tremendous potential. JasmyCoin stands out among other cryptocurrencies due to its focus on IoT and data ownership. If you care about your data rights, JasmyCoin may be worth exploring.
Bunk (Bunk)
BONK is a new meme coin on the Solana blockchain, featuring an adorable Shiba Inu mascot. Its creation aims to strengthen the Solana community and eliminate the influence of large venture capital tokens. After being listed on Coinbase, BONK's value soared over 100%. As a 'community currency', BONK allocated 50% of its supply to participants in Solana's NFT and DeFi projects. As of mid-December 2023, BONK has become the third-largest meme coin by market cap and one of the most significant gainers, with its value increasing by over 10,000% since the beginning of the year.
Despite significant growth, BONK still faces challenges such as its enormous total supply and the unpredictability of meme coins. However, its prospects of integrating into the Solana ecosystem are promising. The launch of the decentralized exchange BonkSwap demonstrates its potential within the decentralized application network. Compared to other memecoins, BONK stands out due to its active participation in the evolving blockchain community. In the current market cycle, BONK seems appealing for those interested in emerging tokens with strong community support. Its success reflects a broader trend in the cryptocurrency market, where community-driven projects are gaining increasing attention.
Floki Inu (FLOKI)
When Elon Musk announced on Twitter in June 2021 that he would name his Shiba Inu 'Floki', it not only sparked a heated discussion online but also inspired the creation of Floki Inu coin. Floki Inu (now known as FLOKI) started as a meme and has now evolved into a cryptocurrency with a mission. Beyond the jokes, FLOKI aims to bring practicality and charity to the cryptocurrency world by establishing schools in countries like Laos and Nigeria. FLOKI has been ranked as one of the most promising meme coins to watch in 2023 by the Economic Times, and it is expanding its ecosystem and influence.
FLOKI stands out with its design aimed at enhancing real-world practicality. The NFT metaverse game Valhalla and the DeFi platform FlokiFi add real applications within and outside its ecosystem. Collaborations with services like NOWPayments and the Floki Card prepaid card allow FLOKI tokens to be used for everyday transactions. FLOKI's entry into NFT, DeFi, and tangible utility areas distinguishes it from other memecoins that rely solely on hype. In a market where investors are seeking projects with real applications, FLOKI stands out as an attractive option with significant potential.
