As the cryptocurrency market evolves, new opportunities emerge to redefine wealth creation. The latest buzz centers around 1900Rugrat (RUGRAT), a new memecoin rivaling Dogwifhat (WIF) with the potential for 2000X returns. WIF whales, known for their strategic investments, are now turning their attention to RUGRAT, signaling confidence in its prospects.

Dogwifhat (WIF): A Strong Market Presence

Dogwifhat (WIF) has solidified its position in the market with consistent growth and widespread adoption. The token’s recent 15% surge following its Robinhood integration highlights its resilience and appeal. Trading metrics reveal a significant 50% increase in volume, with WIF maintaining a price of $3.655.

WIF’s market dynamics show strong support levels and neutral RSI readings, suggesting potential for further gains. However, as the memecoin sector becomes increasingly competitive, WIF whales are exploring complementary investments to maximize their returns.

1900Rugrat (RUGRAT): The Rising Star

1900Rugrat (RUGRAT) is rapidly gaining traction as a high-potential token with a unique value proposition. Its deflationary tokenomics, staking rewards, and NFT ecosystem distinguish it from traditional memecoins, offering real utility alongside viral appeal

Key highlights of RUGRAT’s ecosystem include:

2000X Growth Potential: Early projections indicate RUGRAT could deliver exponential returns, attracting investors seeking high-reward opportunities.

Innovative Features: From staking incentives to NFT utilities, 1900Rugrat (RUGRAT) provides diverse benefits for holders.

Community-Driven Growth: A dedicated community and strategic marketing efforts are fueling its rapid adoption.

Why WIF Whales Are Investing in RUGRAT

Dogwifhat (WIF) whales are known for their calculated moves, and their interest in RUGRAT underscores its potential. By diversifying with 1900Rugrat (RUGRAT) these investors aim to leverage its growth trajectory while maintaining exposure to the memecoin sector.

The decision to invest in RUGRAT aligns with a broader strategy of balancing established tokens like Dogwifhat (WIF) with emerging opportunities. This approach not only mitigates risk but also positions investors to capitalize on market trends.

The Path to Success with RUGRAT

For those looking to follow the lead of Dogwifhat (WIF) whales, early adoption is key. Securing RUGRAT tokens before major listings ensures access to lower prices and maximizes potential gains. As the token prepares for its next phase, now is the time to act.

Steps to invest in RUGRAT:

Presale Participation: Join RUGRAT’s presale to acquire tokens at a discounted rate.

Secure a Wallet: Use a trusted cryptocurrency wallet to store your holdings.

Complete the Purchase: Follow the presale instructions to buy RUGRAT securely.

 

Conclusion

The emergence of 1900Rugrat (RUGRAT) is reshaping the memecoin landscape, offering investors a chance to achieve unprecedented gains. For Dogwifhat (WIF) whales, RUGRAT represents a strategic addition to their portfolios, balancing stability with explosive potential.

As RUGRAT prepares for upcoming listings, the opportunity to join this movement is now. Whether you’re a seasoned investor or new to the crypto space, RUGRAT’s innovative features and strong community support make it a compelling choice. Following the example of Dogwifhat (WIF) whales could unlock new possibilities, turning today’s investment into tomorrow’s success story.

For more information on 1900Rugrat (RUGRAT):

Visit 1900Rugrat (RUGRAT)

Join and become a community member: 

Telegram: https://t.me/rugrat_1900rugratX/Twitter: https://x.com/1900rugrat_sol

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. 

According to Odaily, recent data from CryptoSlam reveals a significant increase in Bitcoin's on-chain NFT sales over the past 30 days. The sales have surged by more than 80%, surpassing $167 million. This notable growth highlights the rising interest and activity in the Bitcoin NFT market, reflecting broader trends in the cryptocurrency and digital asset sectors.

Moonray, an Ethereum-based arena battler game, recently made history on OpenSea by conducting the largest free gaming NFT mint. Over 220,000 'Jadeon Adam' character skins were minted in just 48 hours, giving players an exclusive in-game character skin for battles. These NFTs, minted on Coinbase's Ethereum layer-2 network Base, were distributed between November 19-21. Moonray, available on PC via the Epic Games Store, has been actively engaging players through various campaigns, including a play-to-airdrop initiative and NFT releases. OpenSea's Head of Gaming, Oliver Maroney, highlighted the significance of NFTs in gaming for mainstream crypto adoption. Despite plans to launch on PS5, Moonray's crypto features will not be available due to Sony's restrictions. The game's transition from Bitcoin to Ethereum has enabled broader player engagement and success in the NFT space, as evidenced by the overwhelming response to the recent NFT mint. Read more AI-generated news on: https://app.chaingpt.org/news

Moonray, an Ethereum-based arena battler game, recently made history on OpenSea by conducting the largest free gaming NFT mint. Over 220,000 'Jadeon Adam' character skins were minted in just 48 hours, giving players an exclusive in-game character skin for battles. These NFTs, minted on Coinbase's Ethereum layer-2 network Base, were distributed between November 19-21. Moonray, available on PC via the Epic Games Store, has been actively engaging players through various campaigns, including a play-to-airdrop initiative and NFT releases. OpenSea's Head of Gaming, Oliver Maroney, highlighted the significance of NFTs in gaming for mainstream crypto adoption. Despite plans to launch on PS5, Moonray's crypto features will not be available due to Sony's restrictions. The game's transition from Bitcoin to Ethereum has enabled broader player engagement and success in the NFT space, as evidenced by the overwhelming response to the recent NFT mint. Read more AI-generated news on: https://app.chaingpt.org/news

CryptoPunk #8348, the only one with seven traits, secured a $2.75 million loan through NFT lending platform GONDI. The loan, with a 20% interest rate and six-month maturity, was taken by NFT collector Seedphrase. Originally bought for 85 ETH in 2020, the Punk has not changed hands since. Seedphrase compared the loan to using a Picasso as collateral, emphasizing the liquidity it provides without losing ownership. This marks GONDI's largest loan, showcasing the growth of NFT lending. CryptoPunks have been popular for loans, with GONDI facilitating a $1 million loan earlier. Seedphrase highlighted the transformative nature of on-chain lending and NFT financing. GONDI supports 70 NFT projects, including CryptoPunks, with the floor price exceeding $100,000 recently. Read more AI-generated news on: https://app.chaingpt.org/news

The meme coin world is constantly shifting, and 1900Rugrat (RUGRAT) is emerging as the newest sensation, drawing the attention of whales traditionally loyal to Popcat (SOL). With its innovative features, rapid growth, and promising future, RUGRAT has become the go-to investment for those seeking parabolic gains.

Popcat’s Struggle and Decline

Popcat (SOL), once a star in the meme coin sector, has seen its price decline by over 8% in the last 24 hours, currently trading at $1.34. This drop is part of a broader weekly downturn, with the token losing over 26% of its value in just seven days. The decline is largely due to bearish market momentum and significant selling pressure, pushing Popcat to test its key support level at $1.2475.

If Popcat fails to hold above this support level, the next potential floor could be as low as $0.9256. Despite some optimism that a rebound might occur, technical indicators like the MACD and RSI suggest that bears still control the market. The RSI, hovering near oversold territory, hints at a potential buying opportunity, but momentum remains weak.

The Rise of 1900Rugrat (RUGRAT)

As Popcat falters,1900Rugrat (RUGRAT) is capturing the imagination of meme coin enthusiasts and whales alike. The token has achieved significant traction since its launch, with its price soaring thanks to a combination of deflationary tokenomics, staking rewards, and NFT integrations. These features set RUGRAT apart from its competitors and position it as a serious rival to established players like Popcat.

Whales are particularly drawn to RUGRAT’s robust potential for gains. The token’s relatively low market cap allows for exponential growth, and its innovative ecosystem ensures long-term utility. Unlike many meme coins, which rely solely on hype, 1900Rugrat (RUGRAT) offers tangible value through its staking program and unique NFT-based rewards.

Why Whales Are Moving to RUGRAT

Massive Upside Potential: RUGRAT’s early-stage growth offers significant room for price appreciation.

Innovative Tokenomics: The deflationary structure and staking incentives create a sustainable model for long-term growth.

Community Engagement: A strong and rapidly growing community drives organic adoption and market visibility.

A Changing Landscape

The shift from Popcat to 1900Rugrat (RUGRAT) reflects a broader trend in the meme coin market. Investors are no longer content with tokens that rely solely on virality; they want projects with utility and scalability. RUGRAT’s unique blend of meme culture and blockchain innovation makes it a perfect fit for this new era.

Conclusion

The aggressive move of whales from Popcat (SOL) to 1900Rugrat (RUGRAT) signals a broader trend in the meme coin market. Investors are now prioritizing tokens that combine innovation with community-driven growth. While Popcat remains a notable player, its reliance on hype without tangible utility has left it vulnerable to competitors like RUGRAT. With its deflationary tokenomics, staking incentives, and NFT ecosystem, RUGRAT has redefined what it means to be a meme coin. 

If this trend continues, 1900Rugrat (RUGRAT) could not only outperform Popcat but also set a new standard for the next generation of meme coins. Investors looking to capitalize on this shift should act swiftly, as early movers often enjoy the largest rewards in high-growth markets like crypto.

For more information on 1900Rugrat (RUGRAT):

Visit 1900Rugrat (RUGRAT)

Join and become a community member: 

Telegram: https://t.me/rugrat_1900rugratX/Twitter: https://x.com/1900rugrat_sol

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. 

Fastex recently hosted the third edition of the ftNFT YoCerebrum Awards in Malta, honoring exceptional achievements in the NFT space. The event, held at Fort Manoel on Manoel Island, brought together artists, creators, and collectors. Winners, chosen through a blockchain-based voting system and marketplace data, received the prestigious 'Bahamut' trophy and Fasttokens. Vardan Khachatryan, Fastex's CLO, emphasized the importance of recognizing industry accomplishments and fostering connections among stakeholders. Zack Ritchie, winner of the 'Most Innovative NFT Collection' award, praised the event for facilitating meaningful interactions beyond business discussions. The awards also highlighted Malta's thriving crypto community and regulatory environment. Notable winners included Kane Tallowin/Defaced for 'You Could Suffer in Heaven.' The event showcased the industry's progress and celebrated creativity and innovation in the NFT space. Read more AI-generated news on: https://app.chaingpt.org/news

SunPump, a meme-driven crypto ecosystem, partners with RealGo, a gamified NFT adventure platform. They join forces to introduce a Pokemon-inspired adventure that combines memes, gaming, and NFTs. This innovative partnership offers players a chance to explore the vibrant world of SunPump memes through an engaging and interactive experience.

We are excited to announce that SunPump is teaming up with @Realgo2moon, your gateway to hunting memes and NFTs in a Pokémon-style adventure! This exciting collaboration adds a playful and immersive twist to meme culture, giving gamers a fresh and interactive way to explore… pic.twitter.com/kB9WKCn1L4

— SunPump (@sunpumpmeme) November 27, 2024

SunPump and RealGo, together, are set to redefine meme culture within the TRON ecosystem. They further aim to create fresh opportunities for users to dive into blockchain gaming. SunPump, through its official X account, has announced the partnership.

SunPump Brings Memes to Life with RealGo

The latest venture of SunPump pushes the boundaries of creativity. It is done by blending playful meme culture with RealGo’s dynamic gamified culture. Players can embark on a journey that is nostalgic and futuristic as well. They can capture digital assets while enjoying a gaming experience, symbolic of Pokemon. This partnership highlights the fun side of blockchain. It also strengthens TON’s position as a hub for innovative digital interactions.

SunPump, by merging the mechanism of gaming with NFTs and memes, ensues a seamless yet entertaining way of interaction. Through this innovation, users can connect with their favorite digital collectibles. This introduction of Pokemon style is just beyond the game. It is a movement that aims to make blockchain technology accessible, engaging, and fun for all.

A New Era for TRON Memes and NFTs

This collaboration marks a significant step forward for SunPump. It opens new doors for meme enthusiasts and further expands the growing TRON ecosystem. The collaboration provides updates and new features while promising to deliver an immersive platform. In this platform, the users can explore the full potential of gamified NFTs.

There is a continuous innovation of SunPump and RealGo and the crypto community is eager to anticipate the impact of this partnership. They both are encouraging the players to get ready for a playful, meme-fueled adventure that will take the blockchain world by storm.

Fastex recently hosted the third edition of the ftNFT YoCerebrum Awards in Malta, honoring exceptional achievements in the NFT space. The event, held at Fort Manoel on Manoel Island, brought together artists, creators, and collectors. Winners, chosen through a blockchain-based voting system and marketplace data, received the prestigious 'Bahamut' trophy and Fasttokens. Vardan Khachatryan, Fastex's CLO, emphasized the importance of recognizing industry accomplishments and fostering connections among stakeholders. Zack Ritchie, winner of the 'Most Innovative NFT Collection' award, praised the event for facilitating meaningful interactions beyond business discussions. The awards also highlighted Malta's thriving crypto community and regulatory environment. Notable winners included Kane Tallowin/Defaced for 'You Could Suffer in Heaven.' The event showcased the industry's progress and celebrated creativity and innovation in the NFT space. Read more AI-generated news on: https://app.chaingpt.org/news

CryptoPunk #8348, the only one with seven traits, secured a $2.75 million loan through NFT lending platform GONDI. The loan, with a 20% interest rate and six-month maturity, was taken by NFT collector Seedphrase. Originally bought for 85 ETH in 2020, the Punk has not changed hands since. Seedphrase compared the loan to using a Picasso as collateral, emphasizing the liquidity it provides without losing ownership. This marks GONDI's largest loan, showcasing the growth of NFT lending. CryptoPunks have been popular for loans, with GONDI facilitating a $1 million loan earlier. Seedphrase highlighted the transformative nature of on-chain lending and NFT financing. GONDI supports 70 NFT projects, including CryptoPunks, with the floor price exceeding $100,000 recently. Read more AI-generated news on: https://app.chaingpt.org/news

Kraken announces the closure of its NFT marketplace just one year after its launch. The decision reflects a strategy aimed at redirecting resources to more promising initiatives, while the NFT market faces a period of strong contraction.

Let’s see all the details in this article. 

From November 27, the Kraken NFT marketplace will be in withdrawal-only mode, initiating a three-month period before the final closure

The cryptocurrency exchange Kraken has officially decided to close its own non-fungible token (NFT) marketplace, a move that represents a significant change in the company’s strategy.

Starting from November 27, the service will enter withdrawal-only mode, initiating a three-month period to allow users to transfer their NFTs to external wallets, before the definitive deactivation.

The announcement, communicated via email to customers, marks the end of an initiative that had started in June 2023, after months of beta testing. 

At launch, the Kraken marketplace offered more than 250 NFT collections and boasted the absence of gas fees for buyers and sellers, a caratteristica distintiva compared to other operators in the sector.

A spokesperson for the company stated the following: 

“We have made the decision to close our NFT marketplace so that we can redirect resources towards new products and services, including initiatives not yet announced that are in the development phase.”

This statement highlights Kraken’s intention to focus on sectors with greater growth potential, leaving the NFT market. Which is currently in difficulty, due to a general decline in interest and competition.

The decline of the NFT market

The NFT sector, once considered an emerging pillar of the digital economy, experienced a significant slowdown in 2024. 

According to a report by DappRadar, the trading volume of NFTs reached an annual low of 471 million dollars in August, with a decrease of 16% compared to the previous month.

This is a drastic drop compared to the 12.6 billion dollars recorded in the same period of 2022. Unfortunately, the Kraken platform has not been immune to this trend. 

In addition to the general market decline, the exchange has faced increasingly fierce competition from niche players like OpenSea and Blur. 

For example, OpenSea saw a trading volume in August of 110.5 million dollars, down 27% compared to the previous month. Although there were signs of recovery in November, the market is still far from the peaks reached in 2022.

Regulation has also played a significant role in the decline of the sector. 

The Securities and Exchange Commission (SEC) of the United States has intensified the scrutiny on collectible tokens, sending a Wells notice to OpenSea in August, indicating an imminent enforcement action.

The challenges of Kraken

On the other hand, Kraken itself is at the center of legal controversies with the U.S. regulatory authorities. 

The SEC is examining whether the tokens traded on the platform can be considered investment contracts, subject to securities laws. 

Although it is not clear whether the closure of the NFT marketplace is related to these issues, the climate of regulatory uncertainty has certainly influenced the company’s decision.

The closure of the marketplace reflects the need to adapt quickly to an evolving market. Kraken seems to want to focus on new projects, believing that the NFT sector is no longer a strategic priority.

Users of Kraken’s NFT marketplace have been invited to transfer their tokens to external digital wallets. For those using the Kraken Wallet, it will be possible to move their assets independently during the three-month period provided for withdrawal.

This transition phase will be supported by Kraken’s customer support team, to ensure that all users can recover their digital assets without difficulty.

The closure of the NFT marketplace represents a clear signal of the challenges that the sector must face. 

However, it also shows how companies like Kraken are trying to reinvent themselves in a competitive and ever-evolving landscape.

Although details about the new projects in the pipeline have not yet been revealed, the exchange has confirmed that it intends to continue innovating in the field of cryptocurrencies and blockchain.

Among the possibilities, there could be products related to decentralized finance (DeFi), solutions for advanced trading, or new tools for supporting institutional investors.

From cultural identity to decentralized capitalism, Yat Siu explores how Web3 and blockchain will transform digital property rights, reputation, and economic participation. Henzelene Heaelley interviewed Yat Siu,  founder of Animoca Brands, exploring the intersection of blockchain technology and decentralized finance and how Web3 could redefine digital ownership, reputation, and economic models for the future. Yat […]

The post Redefining Digital Ownership: Yat Siu’s Vision for the Future of Web3 and NFTs appeared first on TechBullion.

Animoca Brands made a strategic investment in Igloo, Inc., the parent company of Pudgy Penguins. The fund aims to expand NFT as consumer crypto, in addition to its Mocaverse platform. 

Igloo, Inc., the parent company behind the Pudgy Penguins NFT collection, will receive a strategic funding round from Animoca Brands. The fund, which is still one of the most active investors in Web3 and NFT, is in search of project complementing its Mocaverse brand. The Mocaverse includes NFT, digital identity, and metaverse features, aiming to revive consumer crypto with a gamified element.

Animoca Brands has continued its support for Web3 features, despite the prolonged bear market and loss of popularity. The chief subsidiary the Sandbox continues to be one of the most successful games with a Web3 elements, while Pudgy Penguins has differentiated itself from less active NFT collections. 

Pudgy Penguins is trying to stay relevant

The investment arrives at a time when Pudgy Penguins is trying to retain its relevance and community. Interest in NFT increased slightly in the past few weeks, while Pudgy Penguins remains the third-most active collection. Penguins still sell at 11.90 ETH floor price or higher, only surpassed by BAYC and Crypto Punks. 

Animoca Brand’s investment will focus on Pudgy Penguins as one of the best examples of consumer crypto. The collection’s prominence also hinges on Luca Schnetzler, known as @LucaNetz, acting as a brand ambassador and influencer. Even after NFT slowed down, Schnetzler supports the Penguins project for its community-building capabilities. 

“This investment from Animoca Brands is a testament to our vision and commitment to building a thriving ecosystem. It will continue to help us create the largest onchain community and power the next wave of consumer crypto,” said Schnetzler. 

The Pudgy Penguins brand also spans beyond the digital world, offering physical toys and other merchandise. The Pudgy Penguins brand reached an agreement with its holders to retain the rights for merchandise based on their collectible digital items. 

The platform is one of the first to tap the intellectual property of Web3, expanding into content, plushies, and mystery boxes. Each physical toy is a collectible in itself, but buyers can also customize their digital image and receive a blockchain record to serve as certificate of uniqueness. Pudgy Penguin collections are spreading in mainstream toy stores, serving as a tool for Web3 onboarding. 

The original Penguins collection only contains 8,888 items, with an additional 22,222 Lil Pudgys. The rarity is key to building the community, with its Discord communication and side platforms. The NFT collection fulfills the strategy of Igloo, Inc. to drive wider consumer crypto adoption.

Penguins retained ownership in a similar way to meme token communities, though with the added complexity of digital items. Blue chip NFT have much lower activity, but they are not entirely forgotten and may be tapped for their value. While BAYC runs on exclusivity and rare physical items, while Punks and Miladys are fully digital, Pudgy Penguins is the only brand to spread into mainstream awareness and product design.

Animoca Brands to support Abstract chain by Igloo

Animoca Brands will focus on the support of Abstract, a new chain for consumer crypto by Igloo. The investment will be made alongside subsidiary The Sandbox, as well as Animoca Brands Japan. 

The investment will take the form of a Simple Agreement for Future Equity (SAFE), a similar approach to previous Animoca Brands strategic rounds. Igloo has so far raised two funding rounds for an undisclosed value. The previous financing round for Igloo was on October 30, with Newman Capital as the single leader and participant. 

The Abstract chain will be another L2 EVM-compatible chain, which would allow a wider user audience to join Web3 with minimal obstacles and expenses. For NFT, a scalable, cheap layer is especially important, as transfers can have prohibitive costs on Ethereum. 

The Abstract L2 is still upcoming, with no main net or tokens launched. The chain will be a ZK-rollup, with no details on native tokens, speed, or fees. Igloo will aim to create a chain for its specific Web3 purposes, especially carrying the Pudgy Penguins brand. 

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

In this week’s newsletter, read about how non-fungible token (NFT) sales have continued their upward momentum, and find out why Sky Mavis, the company behind Axie Infinity, laid off 21% of its workforce. In other news, crypto exchange Kraken is winding down its NFT marketplace and FIFA and Mythical Games will collaborate on a blockchain game. 

NFTs record $158 million weekly sales volume, led by Ethereum, Bitcoin

NFTs continued to show strong weekly sales, recording $158 million in Nov. 18–24. While the data shows a 12.7% decrease compared to the previous week, the volume remained above its levels at the beginning of November. From Nov. 4–10, the weekly sales volume was only $93 million.

NFTs are also on track to end November on a strong note. In October, NFTs recorded $356 million in sales. Meanwhile, November had already recorded a volume of more than $400 million. 

Continue reading

Sky Mavis lays off 21% of workforce, plans new Axie Infinity game

Axie Infinity creator Sky Mavis laid off 21% of its staff as it plans to allocate its resources to a new Axie Infinity game and other projects. Sky Mavis co-founder and CEO Trung Nguyen said that the decision to lay off employees was a shift in priorities. 

Axie Infinity NFTs, which had a floor price above $700 in 2022, decreased in value to a floor price of $0.33 on Nov. 25, reflecting declining interest in NFTs. Still, Nguyen told Cointelegraph that reducing the workforce was not tied to NFT market trends. 

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Kraken winds down NFT marketplace

Crypto exchange Kraken will initiate a three-month withdrawal period for its NFT marketplace before entirely shutting it down. An email seen by Cointelegraph suggests that the marketplace will start a withdrawal-only mode on Nov. 27.

In a statement, a Kraken spokesperson said that the decision to close their NFT platform was to shift resources into new products. The spokesperson added that they’ve informed their customers of the changes and that the team will support users as they move their NFTs to their wallets. 

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FIFA, Mythical Games collaborate to launch blockchain game FIFA Rivals

Web3 gaming studio Mythical Games and Federation Internationale de Football Association (FIFA) announced a partnership to launch a free-to-play soccer game on iOS and Android. The game will be called “FIFA Rivals” and let gamers manage soccer clubs and compete against other players. 

The Mythos Foundation is tasked with building the game’s crosschain infrastructure, creating an NFT economy and supporting gaming guilds. One of Mythical’s early projects was the NFT game Blankos Block Party, which allows gamers to create and customize characters in an open-world game setting.

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Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.