While the analyst acknowledges that there are no guarantees in the volatile world of cryptocurrencies, he expressed enthusiasm for the current momentum building around Cardano.

He pointed out that as more people explore Cardano due to the buzz surrounding meme coins, they may discover the platform’s advantages over other chains, such as its enhanced security, decentralization, and user-friendly experience.

Gambardello speculated on the potential impact of the ongoing adoption wave.

On 26 May 2023, 2,538 new SHIB addresses were created – marking the highest increase in 3 months.

The crypto trader and analyst Ali recently tweeted that network activity for SHIB is soaring.

the daily RSI line was sloped positively towards the overbought territory and positioned above the RSI SMA line.

Technical indicators suggested that AGIX’s price would successfully break above the aforementioned $0.32394 mark within the next 24-48 hours. The 9-day EMA line was on the cusp of crossing bullishly above the 20-day EMA line.

AGIX’s price was looking to challenge the next key resistance level at $0.32394 at press time, after it had successfully flipped the previous resistance at $0.27128 into support and had crossed above the 9-day and 20-day EMA lines.

Bitcoin average fee paid per block. Source: GlassnodeDaily Revenue of Bitcoin Miners.

This surge has resulted in an unprecedented increase in the average number of transactions, and consequently revenue per BTC block mined.

Driven by heightened demand for Bitcoin (BTC) block space, fueled by Ordinals inscriptions and the PEPE-fueled BRC-20 memecoin mania, miners have become direct beneficiaries of a sudden boom in transaction fees, increasing their bottom lines.

There is still the possibility that SOL’s price will be able to recover further over the next 2 days, however.

the 9 EMA line trading below the 20 EMA line on the daily chart suggested that SOL’s price was in a short-term bearish cycle and would continue to fall in the next 24-48 hours.

SOL’s price was hovering above a key support level at $18.99, a level which it had already broken below earlier in today’s trading session when it reached a daily low of $18.77. Since then, traders and investors had successfully recovered the altcoin’s price.

SEI token removed its liquidity less than three hours after it was created.

PeckShield has detected about 24 scam meme tokens within the last ten days.

There is a surge in the number of rug pulls involving meme tokens.

However, bullish momentum has sparked hope amid a downward trend for LUNC.

Traders are seizing the opportunity as the LUNC price drops causing trading volume to surge.

LUNC’s price is facing bearish pressure and is testing support at $0.0000863.