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Top 5 Meme Coins to Keep an Eye on in May 2024
Introduction
A memecoin, as the name implies, is a cryptocurrency developed around a meme or a running joke. While these projects may have started as jokes, their current significance is anything but. Memecoins often enjoy robust community support, with their operations largely driven by community decisions, more so than many other crypto projects.
This community-driven approach is a key reason why top memecoins in 2024 have surged in popularity, due to the perception of greater decentralization. Although the decentralization of these coins can be debated, their massive community backing is undeniable. This article will examine some of the top memecoins in 2024 by market capitalization.
Dogecoin (DOGE)
Leading the list of top memecoins in 2024 is Dogecoin, the original memecoin in the crypto market. Created by Jackson Palmer, a product manager at Adobe Inc., and Billy Marcus, a software developer at IBM, Dogecoin began as a joke, symbolized by its logo featuring a Japanese Shiba Inu dog. Despite its humorous origins, Dogecoin is now the largest memecoin and the eighth-largest crypto asset by market capitalization, nearing $11.5 billion as of this writing.
Dogecoin is a peer-to-peer, open-source cryptocurrency that launched in December 2013, with its code and technology inspired by Litecoin. Dogecoin saw a significant rise during the 2017 bull run but lost much of its value in the 2018 crash. Despite this, Dogecoin has maintained a strong
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Introduction
A memecoin, as the name implies, is a cryptocurrency developed around a meme or a running joke. While these projects may have started as jokes, their current significance is anything but. Memecoins often enjoy robust community support, with their operations largely driven by community decisions, more so than many other crypto projects.
This community-driven approach is a key reason why top memecoins in 2024 have surged in popularity, due to the perception of greater decentralization. Although the decentralization of these coins can be debated, their massive community backing is undeniable. This article will examine some of the top memecoins in 2024 by market capitalization.
Dogecoin (DOGE)
Leading the list of top memecoins in 2024 is Dogecoin, the original memecoin in the crypto market. Created by Jackson Palmer, a product manager at Adobe Inc., and Billy Marcus, a software developer at IBM, Dogecoin began as a joke, symbolized by its logo featuring a Japanese Shiba Inu dog. Despite its humorous origins, Dogecoin is now the largest memecoin and the eighth-largest crypto asset by market capitalization, nearing $11.5 billion as of this writing.
Dogecoin is a peer-to-peer, open-source cryptocurrency that launched in December 2013, with its code and technology inspired by Litecoin. Dogecoin saw a significant rise during the 2017 bull run but lost much of its value in the 2018 crash. Despite this, Dogecoin has maintained a strong
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#Shiba
#meme_coin
#BTC☀️
Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor As DeFi Battle Lines Form
Trending
The co-founders of dominant liquid staking protocol Lido, along with the venture capital firm Paradigm, are secretly helping to fund a new company, Symbiotic, that would compete in the fast-growing arena of "restaking," according to people briefed on the matter.
Internal company documents obtained by CoinDesk lay out diagrams of how the project would work.
The emergence of a restaking player with deep-pocketed backers could portend a face-off that might redefine the DeFi landscape.
The co-founders of Lido, the biggest liquid staking protocol on Ethereum, are secretly funding a competitor to EigenLayer, the buzzy "restaking" service that has emerged rapidly this year to become a powerful force in decentralized finance.
According to several people with knowledge of the matter, the project is called Symbiotic and has drawn backing from not only the Lido co-founders, Konstantin Lomashuk and Vasiliy Shapovalov, through their venture firm Cyber Fund, but also Paradigm, the crypto venture capital firm that is one of Lido's lead investors.
CoinDesk also obtained internal Symbiotic documents that describe the project, which allows users to "restake" using Lido's staked ether (stETH) token and other popular assets that are not natively compatible with EigenLayer.
Developed by the team that previously built a staking service called Stakemind, Symbiotic will be "a permissionless restaking protocol that provides flexible mechanisms for decentralized networks to coordinate node operators and providers of economic security," according to the internal company documents reviewed by CoinDesk.
The documents were marked as "preliminary" and "not for distribution," but several teams working in the nascent restaking ecosystem – including actively validated services (AVSs) and liquid restaking services building on EigenLayer – say they have already been in discussions to integrate with the
Representatives of Paradigm, Symbiotic and Cyber Fund declined to comment on the
#ETHETFS
Trending
The co-founders of dominant liquid staking protocol Lido, along with the venture capital firm Paradigm, are secretly helping to fund a new company, Symbiotic, that would compete in the fast-growing arena of "restaking," according to people briefed on the matter.
Internal company documents obtained by CoinDesk lay out diagrams of how the project would work.
The emergence of a restaking player with deep-pocketed backers could portend a face-off that might redefine the DeFi landscape.
The co-founders of Lido, the biggest liquid staking protocol on Ethereum, are secretly funding a competitor to EigenLayer, the buzzy "restaking" service that has emerged rapidly this year to become a powerful force in decentralized finance.
According to several people with knowledge of the matter, the project is called Symbiotic and has drawn backing from not only the Lido co-founders, Konstantin Lomashuk and Vasiliy Shapovalov, through their venture firm Cyber Fund, but also Paradigm, the crypto venture capital firm that is one of Lido's lead investors.
CoinDesk also obtained internal Symbiotic documents that describe the project, which allows users to "restake" using Lido's staked ether (stETH) token and other popular assets that are not natively compatible with EigenLayer.
Developed by the team that previously built a staking service called Stakemind, Symbiotic will be "a permissionless restaking protocol that provides flexible mechanisms for decentralized networks to coordinate node operators and providers of economic security," according to the internal company documents reviewed by CoinDesk.
The documents were marked as "preliminary" and "not for distribution," but several teams working in the nascent restaking ecosystem – including actively validated services (AVSs) and liquid restaking services building on EigenLayer – say they have already been in discussions to integrate with the
Representatives of Paradigm, Symbiotic and Cyber Fund declined to comment on the
#ETHETFS
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👉👉🔥 Only 2 days and 5 hours left to snag those free $AEVO tokens! 🚀 💥💥💥🎉
For Reward up to 3 USDT 💸 click here
Get Reward 🆓🔥
I've already racked up a sweet stack of 35 AEVO tokensby staking my $FDUSD and $BNB! It's my fourth rodeo in a Launchpool, and let me tell you,
🛑 Click here to Read about free crypto
the results have been fire! 🔥 If you've got some idle capital lying around, just hold onto it for a few days, and watch those tokens roll in like magic.
But hey, the clock's ticking, and more folks are jumping on board each day. Research has it that AEVO's price could skyrocket to $2-$4, and by holding onto those tokens, we could be sitting on a goldmine.
I've learned my lesson from past fumbles, like with #PIXEL, where I jumped ship too soon and missed out on doubling my profits. My advice? Hold onto those tokens for at least the first month
So, are you in on this action? How much BNB are you staking, or are you more into FDUSD? And hey, don't forget to smash that follow button and give this post a big thumbs up—it's a game-changer! 🧐💪 Let's ride this wave together! 🌊 #HotTrends #TrendingTopic #Launchpad #BNB #ETH #BTC #JUP
Ethereum Price Analysis
Ethereum's failed maintenance break above the 7-day EMA ($3,550) on March 18 attracted aggressive selling from traders. This took the price to the 30-day moving average ($3,113) on March 20.
The 7-day moving average has begun to move downwards, and the RSI is in negative territory, indicating that bears have the upper hand. Recovery may face a sell-off at the 7-day EMA. This could leave the ETH/USDT pair hovering between the two moving averages for a period of time.
A break below the 30-day moving average would indicate that bulls are hastily selling off their positions. This could send the pair down to $2,717. Alternatively, a breako and close above the 7-day EMA would signal that bulls are back in the game.
Ethereum's failed maintenance break above the 7-day EMA ($3,550) on March 18 attracted aggressive selling from traders. This took the price to the 30-day moving average ($3,113) on March 20.
The 7-day moving average has begun to move downwards, and the RSI is in negative territory, indicating that bears have the upper hand. Recovery may face a sell-off at the 7-day EMA. This could leave the ETH/USDT pair hovering between the two moving averages for a period of time.
A break below the 30-day moving average would indicate that bulls are hastily selling off their positions. This could send the pair down to $2,717. Alternatively, a breako and close above the 7-day EMA would signal that bulls are back in the game.
