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Elon Musk Continues to Profit: “Meme Coin” Sharing Brings a 730x Rise! Billionaire #ElonMusk caused some altcoins to rise 73,000% with a single social media post #ElonMusk , who somehow influences the cryptocurrency market with every step he takes, did not remain idle again. When the billionaire included a small play on words in his post on November 23, market speculators took this as an opportunity and created new altcoins. Musk said the following in the post in question: Met a meta metameme? While the tokens named "metameme", which were released after Musk's post, rose in a short time, one of them created surprise with an increase of 73,428%. This altcoin, which was launched on the #Ethereum network and traded on Uniswap (UNI), reached the 0.000003764 band in a short time from its launch price of 0.000000003833. The project, which fell as quickly as it rose, is traded at $0.000001452. Although there were increases in a number of altcoins launched on different networks with similar names, they all generally remained in the 100-300% range and could not make as much profit as this project on Uniswap. None of these projects have audit approval and appear to be very weak in terms of liquidity. #Musk ignited similar rises with another post he made recently. $BTC $ETH

Elon Musk Continues to Profit: “Meme Coin” Sharing Brings a 730x Rise!

Billionaire #ElonMusk caused some altcoins to rise 73,000% with a single social media post

#ElonMusk , who somehow influences the cryptocurrency market with every step he takes, did not remain idle again. When the billionaire included a small play on words in his post on November 23, market speculators took this as an opportunity and created new altcoins. Musk said the following in the post in question:

Met a meta metameme?

While the tokens named "metameme", which were released after Musk's post, rose in a short time, one of them created surprise with an increase of 73,428%.

This altcoin, which was launched on the #Ethereum network and traded on Uniswap (UNI), reached the 0.000003764 band in a short time from its launch price of 0.000000003833. The project, which fell as quickly as it rose, is traded at $0.000001452.

Although there were increases in a number of altcoins launched on different networks with similar names, they all generally remained in the 100-300% range and could not make as much profit as this project on Uniswap.

None of these projects have audit approval and appear to be very weak in terms of liquidity. #Musk ignited similar rises with another post he made recently.

$BTC $ETH

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Consultez les CG.
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Hong Kong Is Set to Launch Its First Spot Bitcoin ETFs. Hong Kong is on the verge of introducing the first spot bitcoin exchange-traded funds (ETFs), with the first approvals expected next week, according to people with knowledge of the situation. The launch timeline also exceeds industry forecasts for later in the year, as the city prepares to become the first in Asia to offer these popular ETFs. The move comes as Hong Kong regulators are accelerating the approval process for these ETFs. The development is part of broader efforts by Hong Kong authorities to revive the city's appeal as a leading financial center, which has been damaged by the pandemic, China's economic difficulties and tensions between China and the United States. As reported by BitMEX Research, the first ETFs tracking spot bitcoin in the United States launched in January and have generated net inflows of approximately $12 billion since then. Bitcoin has experienced significant growth this year, hitting a record high of $73,803 in March and trading around $69,000 on Wednesday. Applications to launch spot bitcoin ETFs have been submitted by at least four asset managers from mainland China and Hong Kong. Applicants include the Hong Kong units of China Asset Management, Harvest Fund Management and Bosera Asset Management, sources said. The parent companies of these Hong Kong units are some of China's largest investment fund firms, each managing assets exceeding 1 trillion yuan ($138 billion). While cryptocurrency trading remains prohibited in mainland China, offshore Chinese financial institutions continue to show interest in participating in the development of crypto assets in Hong Kong. Hong Kong's regulator, the Securities and Futures Commission (SFC), had no comment and the Chinese companies involved also declined to comment. However, it was noted that the Hong Kong units of China Asset Management and Harvest Fund Management received approval earlier this month to manage portfolios investing more than 10% in virtual assets. $BTC
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Shiba Inu Reaches a New Milestone with 4 Million Addresses Dog-themed cryptocurrency Shiba Inu (SHIB) has achieved notable success, with its total addresses reaching the four million mark, according to IntoTheBlock data. This milestone marks an important moment in SHIB's journey in the cryptocurrency market, underscoring the growing adoption and interest in SHIB. “Total addresses” in this context refers to all addresses ever created that hold SHIB at some point, including those that still do. Shiba Inu at a New Turning Point Simply put, total addresses are those that used to hold SHIB but no longer do, and those that do. In this regard, the total number of SHIB addresses with a balance has increased to 1.3 million. An increase in the number of stable addresses is typically a good indicator of a more solid and growing user base. Looking ahead, achieving a total of four million addresses could pave the way for continued growth and innovation in the Shiba Inu ecosystem. As the community expands and new use cases emerge, there is greater adoption of the Shiba Inu into the broader digital economy. It looks well positioned to take advantage of integration opportunities. Shiba Inu price action, cryptocurrencies fell late Tuesday after optimism faded following Monday's rally. The decline in Bitcoin assets was echoed throughout the crypto markets. Several cryptocurrencies reported losses at press time. Shiba Inu is down 3.13% in the last 24 hours to $0.00002783, reaching intraday lows of $0.0002684. Shiba Inu seems to be forming resistance near $0.00002953 as the price failed to surpass this level twice, on April 8 and 9. A confirmed break of the mentioned level could open up further upside for SHIB price and possibly reach $0.00003285. On the other hand, if SHIB falls below its current range, it may find support between $0.00025 and $0.000026, where 17,960 addresses purchased 2.87 trillion SHIB $BTC $SHIB
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Dogecoin Sees Increase in Profitable Addresses, Follows Bitcoin. Amid the strong rise in the cryptocurrency market, Dogecoin has emerged as a standout player with a significant majority of its investors making profits. Data from Altindex.com shows that more than 88% of Dogecoin holders were in profit as of last week, positioning the digital currency as the second most profitable currency in terms of investor returns, behind Bitcoin. The meme-inspired cryptocurrency witnessed a significant 146% price increase in the first quarter of 2024, rising from $0.089 to $0.22. This increase added approximately $18.5 billion to Dogecoin's market cap and marked the highest rate of profitable Dogecoin addresses in three years. In particular, large investors, popularly known as "whales", account for more than half of the profitable addresses. Moreover, 61% of Dogecoin holders have maintained their investment for more than a year, demonstrating their long-term confidence in the asset. Compared to other leading cryptocurrencies, Dogecoin's performance is particularly remarkable. According to IntoTheBlock data, Bitcoin remains at the top with 96% of its holders making a profit. Ethereum and TON follow with addresses making profits of 87% and 86%, respectively. Other cryptocurrencies such as Avalanche and Shiba Inu also saw a healthy share of profitable addresses, though less than Dogecoin. The enthusiasm for Dogecoin is also reflected in its transaction volume, which experienced a six-fold increase in the first quarter of 2024. CoinMarketCap reported that $141 billion worth of Dogecoin transactions were made during this period, and $105 billion of this volume occurred in March. $BTC $DOGE
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