Memecoins At An All-Time High In The Bullish Market
The ongoing bull run in the crypto market over the last month has made the crypto investors Millionaires or billionaires with Bitcoin at $66K and Ethereum at $3.7K with a 30% to 50% growth. The growth has increased the hopes of investors in the crypto market but that’s not all the real story begins with Memecoins which has shown a growth rate ranging from 100% to 500% and hence yielded more profits to their investors as compared to the traditional cryptocurrencies like Bitcoin, Ethereum, etc.

Top Memecoins in the Bull Run
Dogecoin (DOGE):- The first Memecoin with the biggest market cap in the meme coins has shown an extreme growth of around 131.5% in a month and was trading at $0.1825 while I am writing this news. Shiba Inu (SHIB):- Launched in August 2020 with a current market cap of around $24 billion is one of the most beneficial Memecoin with 300% growth in a month and was trading at around $0.00003943.Pepe Coin (PEPE):- Pepe was inspired by the popular internet meme “Feels Good Man” frog, also known as Pepe the Frog launched in April 2023. Pepe continues to display significant bullish momentum, the price surged over 700% in the last month with a current market cap of around $3 billion and was trading at $0.000007326
Why Dog runs like a Bull?
The recent surge in Meme Coins is attributed to the Bitcoin Halving Event in April and a significant purchase of SHIB tokens by a crypto whale. The whale bought 75.9 billion Shiba Inu tokens valued at $893,000, contributing to the overall rise in Meme Coin values. Additionally, Dogecoin's increase is linked to a recurring falling wedge pattern observed between December 2013 to May 2015, January 2018 to February 2019, and May 2021 to June 2022. 
This pattern suggests a potential future rise in Dogecoin prices. The meme token PEPE experienced over $50 million in future contract liquidations, driving up its prices in the last 30 days. Experts predict that this trend will persist in the upcoming days.
Thus Considering the substantial profits generated by Memecoins in the recent bull run, investors might find diversifying their portfolios to include these meme tokens a worthwhile consideration. However, it's crucial for investors to conduct thorough research (With Coin gabbar), stay informed about market trends, and carefully assess the risks associated with the volatile crypto market before making any investment decisions.

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$SHIB $DOGE

South Africa to Greenlight 60 Crypto Platforms
South Africa is stepping into the world of cryptocurrency regulation with a significant move – issuing operational licences to 60 crypto platforms. These licences, the first batch from a pool of over 300 applications, signify a proactive effort by the Financial Sector Conduct Authority (FSCA) to bring order to the rapidly expanding Crypto Ecosystem.

FSCA stance

Unathi Kamlana, the FSCA Commissioner, has assured that while the processing of applications is ongoing, more licences will be granted gradually. This signals a strategic approach to managing the influx of crypto businesses seeking legitimacy in the South African market.
The decision to regulate crypto assets as financial products is a pivotal one, aimed at formalising the operations of exchanges and related enterprises. By doing so, South Africa aims to solve risks associated with unregulated crypto activities while providing a structured framework for businesses and investors alike.
Stablecoins, a subset of crypto assets, are also under scrutiny, with plans to classify them as such in official documentation. This move reflects an understanding of the evolving nature of digital currencies and their impact on financial markets.
In terms of legal protections for crypto users, South Africa is leveraging existing laws to safeguard consumers and address potential risks promptly. By integrating crypto platforms into the Financial Advisory and Intermediary Services (FAIS) Act, users now have access to legal recourse and protections previously unavailable.
Kamlana emphasises the importance of adaptability, recognizing that as regulation evolves, there may be gaps that require additional measures beyond the existing regulatory framework. This forward-looking approach underscores South Africa's commitment to staying abreast of developments in the crypto space and ensuring effective oversight.
Overall, South Africa's regulatory efforts signify a balancing act between fostering innovation and safeguarding investors. By providing clarity and accountability within the crypto sector, the country aims to create an environment conducive to growth while mitigating potential risks. As the landscape continues to evolve, South Africa remains poised to refine its regulatory approach to meet the needs of its burgeoning crypto market.
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Tesla Cars Can Facilitate Dogecoin as a Payment Options
In a recent Berlin Giga Factory event, Tesla CEO Elon Musk shocked the crypto world once again by suggesting the possibility of accepting Dogecoin as payment for Tesla Cars. Responding to a fan's inquiry about using DOGE to purchase Tesla products, Musk's response was "I think we should enable it." However, details on the timeline for implementing Dogecoin payments was not disclosed.

Musk has a history of admiring meme-based cryptocurrency, so his relationship with Dogecoin is not new. In contrast to Bitcoin's reputation as an asset used mostly by the wealthy, he emphasized at the event the attractiveness of Dogecoin as a currency for the general public. Dogecoin began as a playful digital currency that became well-known online through memes
Tesla's potential acceptance of Dogecoin for payments extends beyond speculation, as the company has already been allowing Dogecoin payments for its merchandise since January 2022. The move would further solidify Musk's support for the cryptocurrency, potentially opening up new avenues for its adoption and integration into mainstream commerce.
Impact of the Statement
The impact of Musk's latest endorsement was swift and tangible in the
markets. Following his remarks, Dogecoin's price surged from $0.172 to $0.187, representing an approximate 8% increase in value. Musk's influence on Dogecoin's market activity has been consistent, with his tweets and public statements often triggering fluctuations in its price and trading volume.
The prospect of Tesla accepting Dogecoin payments has generated excitement not only within the crypto community but also among Tesla enthusiasts eagerly awaiting further developments. While specifics on the rollout of Dogecoin payments for Tesla remain unclear, Musk's endorsement has once again demonstrated his ability to drive interest and momentum in the cryptocurrency space.
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