Ironically, this is the exact same reason why utility season is practically guaranteed to come back.
At some point people will get fed up with all the rugs and high failure potential of memes left and right that they just realize it's not worth it.
Again, there will always be a few runners in a sea of millions of tokens.
But it likely won't stay a narrative like "meme season" any longer where people think only memes is the way to go.
I could still see the appeal in the future though.
But only in a scenario like:
"Hey we are Burger King and we are doing a free 100% supply Burger meme giveaway in celebration off ..."
Something totally different at least than:
"Yo, this anon dev made the next samurai Cat token!"
We all hope it runs but that's just a needle in a haystack on top of the dev just being able to run away any single moment.
Memes could have a place here but not for speculative trading as the edge is very far away to be found.
"Yo, why you think this meme coin is great vs the others?"
You don't know? This dev is really cooking! It's not just any other meme coin.
It's the second creation of the Cat token and we all know how the first one did!
See where I'm going with this?
"Yo, did you see it on the news? A person that lives in the village next to me won the lottery! We know how rich he got so I'm bound to be as well!"
Again, there is a place but I think it's personally best to treat them as a free incentive program.
If you get an airdrop or something for having participated in something? Sure why not. Who knows.
But investing left and right trying to find the next golden ticket is an edge that likely doesn't exist.
~
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#BitEagleNews #BinanceSquareFamily #Memecoins
Due to the decrease in on-chain activity, ETH Gas has been below 2 Gwei for a long time since early April this year. In the past four and a half months, the total amount of ETH has increased from 120,063,605 to 120,291,622, and the inflation has increased by 228,000. Based on this, the annual inflation will be 600k, with an inflation rate of 0.5%. By @EmberCN
📈Tron is the top trending asset in crypto following its pump Since SunPump, the project's new memecoin deployer debuted on August 12th, well over 7,000 new coins were launched and TRX's own market value is +22%, peaking at just over $0.165 earlier today.
From a data perspective, long-term optimism has formed as a result of the deployer's success indicates a high potential for mid-term bullish price momentum and short-term volatility. Keep in mind the project's:
1. **Increased Network Activity**: There has been a notable spike in TRON network activity, particularly in meme coin launches. This has led to a surge in TRON burns, indicating a growing demand for the token and a reduction in supply.
2. **Meme Coin Popularity**: TRON has emerged as a hub for meme coins, with tokens like $SUNDOG gaining significant traction. The community is actively engaging in meme trading, reminiscent of previous meme seasons that have led to substantial price increases.
3. **Development and Partnerships**: There are ongoing developments and partnerships within the TRON ecosystem, including collaborations with hedge funds and other projects that promise to enhance visibility and volume for TRON-based tokens. Within the community, this is expected to drive further adoption and investment.
4. **Justin Sun's Influence**: Justin Sun's involvement and reputation lend credibility to the project. Investors are optimistic about his ability to navigate challenges and drive TRON's growth.
15 MISTAKES you Sholud NEVER do in your TRADING JOURNEY
I understand that many people only learn from mistakes and failures in their trading journey, or even in life. However, being aware of some common mistakes from the beginning and following the right path can greatly reduce your losses.
Here's my list of what not to do in your trading journey :
1/ Starting without a solid understanding of trading principles.
2/ Failing to research and understand the markets and assets you're trading.
3/ Ignoring fundamental and technical analysis.
4/ Allowing emotions like fear and greed to drive trading decisions.
5/ Overtrading due to impulsive emotions.
6/ Chasing losses by making larger trades to recover losses quickly.
7/ Ignoring your trading strategy and deviating from your plan.
8/ Using excessive leverage, leading to higher risks.
9/ Not adjusting strategies for different market trends (bull, bear, sideways).
10/ Not keeping a trading journal to learn from past mistakes.
11/ Believing that success in one trade guarantees success in others.
12/ Neglecting the possibility of losses due to overestimation of skills.
13/ Making decisions based on sudden market movements without analysis.
14/ Relying solely on the advice of others without understanding the rationale.
15/ Sticking to a failing strategy due to attachment or ego
That's it for this Post, If you need more of the mistakes to avoid in trading make sure to comment down below "More" and don't forget to like this post! 🫡❤️
Also follow me for more posts like this, so you don't miss it. 🤝
#Write2Earn!
Dogecoin (DOGE): brief price analysis
DOGE attempted to rise above the 20-day EMA ($0.10) on Aug. 20, but the bears did not relent.
However, the bulls have not given up and are again trying to drive the price above the 20-day EMA on Aug. 21. If they can pull it off, the DOGE/USDT pair may rise to the 50-day SMA ($0.11) and after that to the downtrend line.
Instead, if the price turns down from the 20-day EMA, it will suggest that the sentiment remains negative, and traders are selling on minor rallies. The selling could accelerate if the pair breaks below $0.09.
#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #doge⚡
$DOGE
Hey Litentry fam,
🌟 Our Identity-based staking is officially live. You can visit our website to check it out, https://t.co/wIukUBUcQl
⚡️ For users who earned Identity Staking LIT rewards during Season 2, we have already airdropped the rewards to the corresponding wallet addresses, so please check your wallets.
♥️Additionally, we will be opening ID Coins Market during the Preseason on August 23 (with more to come later). Don't forget to join in!
#Litentry #IdentityHub #Staking
🚀 Understanding Market Leaders: Early Birds (🐦) vs Bull Market MVPs (⭐️)
Here’s how to distinguish two types of market leaders, using examples from the 2020-2021 bull run — LINk vs SOL:
Bottom Out Early: They bottom out alongside $BTC and take the early lead.
Pump Hardest in Early Bull Run:See massive gains in the initial stage of the bull market.
Peak Before BTC Price Discovery:Usually top out before #BTC enters its Price Discovery phase.
⭐️ Bull Market MVPs ($SOL):
New Entrants: Fresh projects that haven’t experienced a bear market but quickly gain momentum once they hit the market.
Massive Gains Post-BTC Price Discovery: Achieve most of their gains after #BTC☀ enters Price Discovery.
Top Out Last: Typically peak much later in the bull run.
🔍 A Closer Look at 2021:
LINK (Early Bird):Topped out in May 2021, making the bulk of its gains early in the bull run.
SOL (Bull Market MVP): Temporarily topped in May 2021, but broke its $58 top in August, eventually soaring to $260 by November!
🗓️ November 2021 Highlights:
#Bitcoin❗ Made a Higher High (Cycle Top).
$SOL: Also made a Higher High (Cycle Top).
$LINK:Made a LOWER High, having topped out in May.
💡 Key Takeaway:
When #BTC enters the Price Discovery phase, it’s often strategic to rotate out of Early Birds
🐦 like $link and into potential Bull Market MVPs
⭐️ like $SOL. This approach allows you to capture gains both early and late in the bull market cycle!
Visit my profile And Must check My Pinned post.
#CryptoMarketMoves #MtGoxRepayments #BinanceLaunchpoolDOGS $SOL $LINK
{spot}(LINKUSDT)
{spot}(SOLUSDT)
Lympid unveils the integration of Chainlink’s tokenized asset infrastructure
#Lympid partners with #Chainlink to bring the tokenized asset infrastructure to its #RWA platform. Through this partnership, Lympid integrates Chainlink industry-standard CCIP and Proof of Reserves to offer a secure and composable method for accessing tokenized RWAs.
Lympid is an RWA platform that offers tokenized RWAs such as Art, luxury watches, jumping horses, real estate, and US treasuries. The project is backed by #1inch , #ChainlinkBuild and Fintech House.
👉 x.com/lympid_official/status/1826289959549952321
📈 $TRX $SUN Tron is the top trending asset in crypto following its latest pump and SunPump's continued popularity.
The project's new memecoin deployer debuted on August 12th, with well over 7,000 new coins launched. Since this launch, TRX's own market value is +22%, peaking at just over $0.165 earlier today.
From a data perspective, long-term optimism that has formed as a result of the deployer's success indicates a high potential for mid-term bullish price momentum and short-term volatility.
{future}(TRXUSDT)
{spot}(SUNUSDT)