#MemeWatch2024 Key Trends in 2024 1. Cross-Chain Interoperability: Meme coins that can operate across multiple blockchain networks are gaining traction. This feature allows for seamless interactions and transactions across different platforms, enhancing usability and broadening appeal. 2. Enhanced Scalability and Efficiency: Many meme coins are addressing scalability issues by integrating faster blockchain solutions and more efficient consensus mechanisms to handle higher transaction volumes and reduce fees. 3. Social Media and Viral Marketing: The role of social media in promoting meme coins remains crucial. Platforms like Twitter, Reddit, and TikTok are pivotal for viral marketing campaigns that significantly boost the visibility and investment in meme coins. 4. Celebrity Endorsements and Partnerships: High-profile endorsements continue to drive attention towards certain meme coins, although they come with challenges such as market manipulation concerns. 5. Themed Meme Coins: New meme coins inspired by popular culture and trends are emerging, offering novel ways for fans to engage with their interests ( Token Metrics ) ( COIN360 ) ( CoinGape ). Notable Meme Coins in 2024 - Shiba Inu (SHIB): Known for its impressive gains and community-driven approach, Shiba Inu has launched products like the Shiba Name Service and integrated advanced encryption for security, maintaining a strong position in the market. - Pepe (PEPE): Gained popularity in 2023 for its humorous nature and significant market capitalization, despite lacking fundamental utility. - Myro (MYRO): A meme coin on the Solana blockchain, focusing on accessibility and user experience, with significant growth expected due to its community-driven approach. - FLOKI: Combines meme coin characteristics with utility token features within the Floki Inu ecosystem, emphasizing a deflationary model and multi-chain functionality ( Token Metrics ) ( COIN360 ).
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Bandit Network, a leading provider of White-Labeled Quest solutions with Points SDK, proudly announces its collaboration with Astar Network to support the ongoing journey of "Yoki Origins." This innovative user onboarding process, launched on March 8th, coincides with the mainnet release of Astar zkEVM, a second-layer scaling solution for Ethereum. This partnership represents a crucial milestone in Web3 infrastructure development. Astar zkEVM, leveraging Ethereum and Polygon CDK (Chain Developme
🚀 Breaking News on Binance! 🚀 📉 Bitcoin transaction fees have significantly dropped after the halving event, making it more accessible than ever to trade and transact in BTC! 🔥 Additionally, the minimum price for the Runes NFT collection has also seen a decrease. Runes were expected to be a key tool supporting income from fees post-halving. 💰 Bitcoin {{BTC}} kicked off the week steadily, trading hands above $65,800, fueled by the reduced transaction fees post-halving. 📊 According to Mempool.space data, transactions with medium priority are now priced at $8.48, while high-priority transactions are at $9.32. Don't miss out on these advantageous conditions! 🌟 #Binance #Bitcoin #CryptoNews #TransactionFees #NFTs
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Bitcoin Transaction Fees Come Crashing Down Post Halving
Bitcoin transaction fees have significantly come down post-halving
The floor price for the Runes NFT collection has also come down. Runes was supposed to be the tool that maintained fee revenue post-halving
Bitcoin {{BTC}} started the week stable, changing hands above $65,800, as transaction fees have significantly lowered following the halving.
On-chain data from Mempool.space shows that medium-priority transactions are now costing $8.48 while high-priority transactions cost $9.32.
In the initial aftermath of the halving, these fees spiked to over $146 for a medium-priority transaction and $170 for a high-priority transaction.
The hashprice index, a metric created by Luxor to quantify how much a miner can expect to earn from a specific quantity of hashrate, has also dropped from $182.98 per hash/day to $81, a level below where it was at pre-halving.
While bitcoin miners anticipated that the halving would significantly cut revenue, the introduction of Casey Rodarmor’s Runes protocol – designed to create fungible tokens on Bitcoin – which went live at the halving, was supposed to be the antidote to this, given the level of activity it would create on-chain.
Instead, in the initial days after the event, floor prices for the runestone NFT collection have dropped by almost 50% in the last 24 hours with a floor price of nearly 0.037 BTC, according to Magic Eden, while ordinal collections like Bitcoin Pullets and NodeMonkes are up 11% and 8% respectively according to CoinGecko data.
It should be noted that these ordinal collections also generate considerable transaction fees but don’t appear to be the same revenue source as many hoped Runes would be.