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PEPE Vs GME: Which Meme Coin is Close to $1? PEPE and GME have become the most preferred meme coins after their continuous gains and increasing demand in the market. But is PEPE really superior to GME? Meme coins have officially taken over the crypto market with continuous gains and profits over the last few weeks. The gains are so high that no other cryptocurrency can beat the growth of meme coins, including Bitcoin. At the time of writing, the meme industry has grown to $60.5 Billion in market capitalization and offers $ 11 billion of transaction volume alone. More importantly, PEPE and GME were the top contributors to creating hype about meme cryptocurrencies with their impressive profits. So, in PEPE vs. GME, which one is the meme king, or will hit the $1 first? Let us discuss that in this blog. PEPE Price Analysis. PEPE has made history after creating multiple all-time high records within two months. It has been on every investor's portfolio because of its huge profit potential as the token has presented many profitable opportunities, making a hundred times in profit for their investors. PEPE price is at $0.00001222 after setting a new all-time high record of $0.00001274 two hours ago. With the ongoing price surge, PEPE is ranked 24th on CoinmarketCap for its market cap of $5.14B and trading volume of $3.71B, which is up by 423%. Moreover, the token is still bullish, so the price may rise even higher if the trend continues. GME Price Analysis. GME or Gamestop, is a newly launched Solana meme coin that has made huge gains recently. After its launch in February 2024, GME peaked at a high of $0.01352 before entering a downtrend. However, the price rose multiple folds earlier, creating an all- time high record of $0.0219 just a week ago. As for now, the Gamestop price has declined to $0.0219 after a 21% fall in the last 24 hours only. Moreover, its market cap and trading volume are down to $39,312,853 and $69,485,972. What's interesting about GME is that it was launched with a comparatively lower supply for a meme coin. #MemeWatch2024

PEPE Vs GME: Which Meme Coin is Close to $1?

PEPE and GME have become the most preferred meme coins after their continuous gains and increasing demand in the market. But is PEPE really superior to GME?

Meme coins have officially taken

over the crypto market with continuous gains and profits over the

last few weeks. The gains are so high

that no other cryptocurrency can beat the growth of meme coins, including

Bitcoin. At the time of writing, the meme industry has grown to $60.5 Billion in market capitalization and

offers $ 11 billion of transaction volume alone. More importantly, PEPE

and GME were the top contributors to

creating hype about meme cryptocurrencies with their impressive

profits. So, in PEPE vs. GME, which one

is the meme king, or will hit the $1

first? Let us discuss that in this blog.

PEPE Price Analysis.

PEPE has made history after creating multiple all-time high records within two months. It has been on every investor's portfolio because of its huge profit potential as the token has presented many profitable opportunities, making a hundred times in profit for their investors. PEPE price is at $0.00001222 after setting a new all-time high record of $0.00001274 two hours ago.

With the ongoing price surge, PEPE is ranked 24th on CoinmarketCap for its market cap of $5.14B and trading volume of $3.71B, which is up by 423%. Moreover, the token is still bullish, so the price may rise even higher if the trend continues.

GME Price Analysis.

GME or Gamestop, is a newly launched Solana meme coin that has made huge gains recently. After its launch in February 2024, GME peaked at a high of $0.01352 before entering a downtrend. However, the price rose multiple folds earlier, creating an all- time high record of $0.0219 just a week ago. As for now, the Gamestop price has declined to $0.0219 after a 21% fall in the last 24 hours only. Moreover, its market cap and trading volume are down to $39,312,853 and $69,485,972.

What's interesting about GME is that it was launched with a comparatively lower supply for a meme coin.

#MemeWatch2024

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Is Shiba Inu (SHIB) About to Lose 15% of Its Value? The main reason behind the thesis you see in the title is the fact that Shiba Inu is actually very close to dropping below the 100 EMA, which will likely lead to a move toward the 200 EMA, which is 15% down from the current price level. The price is perilously close to the pivotal 100-day Exponential Moving Average (EMA), a significant level of support that has historically offered stability. SHIB could be in trouble if it falls below this level and moves closer to the 200 EMA, which is about 15% below the current price. Shiba Inu's price has been declining over the previous few weeks, pushing some investors into selling the asset. Since the 50-day EMA is already above the price, there has been a bearish crossover that has strengthened the downward momentum. For now, the price is just on the edge, moving below and above the level in a matter of hours. A lack of significant buying interest is also indicated by volume trends. The volume has been declining recently during price reductions, which implies that fewer buyers are stepping in to support the price, leaving it more vulnerable to additional declines. For those anticipating a swift recovery, this lack of demand is the worst thing imaginable. Another important metric to keep an eye on is the RSI. The RSI is currently close to the lower end of the range, suggesting that SHIB is getting close to the oversold area. A surge of selling pressure may push the price of Shiba Inu down to the 200 EMA if it falls below the 100 EMA. This action would signify a substantial 15% drop from the current levels, which might frighten investors and result in more losses, especially considering that SHIB is coming closer to the edge of the $0.00002 threshold. #TopCoinsJune2024
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Solana About to Change: Here's Why. In order to improve the fairness and integrity of its network, Solana is taking major action. Recent action by the Solana Foundation to unstake validators discovered to be sharing mempool transactions was somewhat unexpected. This measure is a component of a larger initiative to lower Maximum Extractable Value (MEV) and preserve an ecosystem that can be trusted. Due to sharing mempool transactions, a number of operators in the Solana Foundation Delegation Program were eliminated. Sharing these may result in MEV-related actions such as sandwich attacks, in which a malicious actor encircles a victim's transaction in order to take advantage of price fluctuations. Enforcement actions are still pending in relation to the Solana Foundation's final decision to remove these validators. What makes this significant? On blockchain networks, MEV is a crucial problem. By rearranging, adding or removing transactions within a block, validators can maximize their profit from blockchain transactions. The Solana Foundation seeks to improve network security and guarantee fair transaction processing by opposing validators who engage in such actions. As a result, Solana becomes a more appealing platform and helps investors and users gain trust. Regarding impact on the market, there is talk that some validators may carry on with MEV procedures in spite of these precautions if they do not have access to specialized tools like Jito. The Solana Foundation and investors, however, provide a sizable portion of the funding for Solana validators. These parties have the power to affect validators' actions, possibly prohibiting them from executing MEV. In the short term, the decision of the foundation may seem too erratic, but at the same time, it is clearly a commitment to making the network safer and more secure. Long-term benefits will make the whole ecosystem more transparent and trustworthy. Of course, some can easily argue that this decision goes against the ethos of decentralization. #TopCoinsJune2024
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XRP Attracts $1.2 Million Inflow Amid Altcoin Market Doldrums. According to the most recent CoinShares report, XRP, the seventh-largest cryptocurrency by market cap, attracted inflows of $1.2 million in the past week. This surge stands in contrast to the subdued activity observed across the broader altcoin market. Per the recently released CoinShares report, digital asset investment received $2 billion in inflows, increasing the total for the last five weeks to $4.3 billion. Bitcoin was once again the dominant focus, with $1.97 billion inflows, while altcoins, except Ethereum, experienced just a little activity. Ethereum saw its greatest week of inflows since March, totaling $69 million, drawing from spot- based ETFs optimism. According to the CoinShares report, XRP, alongside Fantom, stood out, with inflows of $1.2 million and $1.4 million, respectively. While XRP basks in the spotlight, other altcoins have seen only minor inflows. Solana, Litecoin and Chainlink experienced inflows of $0.7 million, while Binance received only $0.2 million. XRP is showing a weekly pattern of increasing inflows; in the week before last, XRP received $0.8 million, up from $0.4 million the week earlier. The reasons for the XRP inflow rise could be a variety of factors, including a shift in investor interest, although the actual explanation is unknown. XRP price action. At the time of writing, XRP was up 0.37% in the last 24 hours to $0.496. XRP has been trading in a tight range since Friday's sharp plunge to lows of $0.454. XRP has returned to trade below its daily SMA 50 at $0.522, increasing the likelihood of consolidation or range trading in the short term. The first sign of strength would be a break over the daily SMA 50 ($0.522). In this situation, if the XRP price breaks and closes above $0.54, it could indicate that bulls are attempting to make a comeback. XRP could reach the overhead barrier of $0.57. On the contrary, if the price falls below the current range support line at $0.48, XRP may retest the $0.46 level. #TopCoinsJune2024
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Investors Remain Optimistic About Pepe's Price Recovery. The popular altcoin Pepe (PEPE) reached its all-time high (ATH) on May 27, 2024, and has been declining since then. Despite this decline, the price chart indicates a bullish outlook, keeping investors optimistic about a recovery. PEPE is currently trading at approximately $0.0001264, having risen 2.9% in the last 24 hours despite a 13.5% drop over the past 7 days. Bulls May Reenter the Market. Currently, PEPE's price is above the 50-day and 200-day simple moving averages (SMA) but is dangerously close to the 50- day SMA. Altcoin previously broke out from an ascending triangle formation, reaching an all-time high of around $0.00001725. After this breakout, the bullish momentum waned, allowing bears to pull the price to the 0.5% Fibonacci retracement level. The price briefly touched this retracement level before rebounding, showing strong bullish market action. On a broader scale, this retracement offers a textbook breakout and retest pattern for the ascending triangle formation. The 0.5% Fibonacci retracement level perfectly coincides with the top of the ascending triangle formation, indicating that bulls are ready to buy again at this level. A recovery from this level could push PEPE's price to around $0.00001981, but resistance may be encountered at $0.000014 and $0.000017 levels along the way. Conversely, if bears gain the upper hand, there is strong support around $0.00001 that could hold the price. Increase in Supply Raises Questions. Despite this, on-chain analysis company Santiment reported that the total number of PEPE investors is at an all-time high of 218,000, suggesting that PEPE investors might be preparing for a significant move. Santiment also reported that the total PEPE supply increased from 420.78 trillion on March 13 to 422.55 trillion on June 9, adding approximately 1.77 trillion coins worth about $22.3 million at the current price. #TopCoinsJune2024
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Chiliz Announces New Date for Dragon8 Hard Fork. Chiliz announced an important development today. According to the announcement, a new date has been set for the previously postponed hard fork. The Dragon8 Hard Fork, planned for Monday, June 17 at 09:00 Turkish time on the Chiliz Chain, brings significant updates for both developers and the broader Chiliz Chain community. Let's look at the details. What Does the New Hard Fork Bring? One of the most important improvements for developers on the Chiliz Chain is the ability to use the latest version of Solidity, specifically v0.8.25. Previously limited to Solidity 0.8.19, which became outdated last year, developers can now take advantage of the new features, opcodes, and precompiles offered by the latest Solidity version. This update ensures that the Chiliz Chain remains compatible with the evolving Ethereum ecosystem, allowing developers to use familiar tools and optimize their smart contract capabilities. Additionally, the hard fork provides support for type 2 transactions under EIP-1559. This Ethereum Improvement Proposal brings changes to transaction fee management by automating gas fee calculations and simplifying the fee market. For both developers and users, this means more predictable and economically efficient applications on the Chiliz Chain, increasing usability and reducing entry barriers. Changes in Token Economics. Beyond developer improvements, the Dragon8 Hard Fork introduces significant changes to the token economy of the Chiliz Chain under the Tokenomics 2.0 heading. Initially serving as a transaction token, the CHZ token now plays a crucial role in governance and ecosystem operations within the Chiliz ecosystem. The updated token economy model will have a decreasing annual inflation rate starting at 8.80% and stabilizing at 1.88% after 14 years. This model also includes a transaction fee burning mechanism designed to encourage long-term participation and align with the strategies of leading Layer-1 protocols. #TopCoinsJune2024
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