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#memecoin plays are becoming a valid way for speculators and gamblers to thrive during bull runs. If at all you are looking at this growing class, be ready to lose it all (and therefore allocate a 2% of crypto portfolio into them). The narrative to follow here is to identify the main memecoins on Layer 1s that are growing well – they give a higher beta to layer 1 assets. #Etherrum (DOGE, SHIB, PEPE, FLOKI), Solana (BONK, WIF, MYRO) and Avalanche (COQ) a great ride 2024 has already been! Bitcoin is up 60% year-to-date and is nearing price discovery mode after taking out its previous all-time high. Ethereum, Solana, and other top altcoins have followed the #1 asset’s price action and have registered considerable gains too. To maximize your crypto portfolio returns, it's prudent to allocate a good share to emerging and upcoming narratives that will drive value in the ecosystem. In our last article, we covered layer-2 solutions, decentralised protocols and gaming ecosystems AI is the next big narrative globally and crypto-based AI tokens have the potential to deliver decentralized scaling of AI solutions. The frontrunners in this space are Render (RNDR) and Fetch.ai (FET). The risks involved in this space are: how well the general AI narrative takes shape globally and how soon. #RNDR: is basically a decentralised GPU network. If you have idle GPU at your home, you can loan out that GPU for others to use to implement AI services. A simple yet effective idea. RNDR has a market cap of $3.7 billion currently and can do a 5-8x over the next two years potentially.
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#Doge #SHIBA✅ 🚀#FlokiTeam DOGE and SHIB ended the Friday session with gains of 4.58% and 11.73%, respectively. SHIB ended a three-day losing streak. Despite a three-day losing streak, SHIB is on target for another stellar week. After surging by 133.09% in the week ending . SHIB was up 56.52% Monday through Friday. DOGE was up a more modest 6.55% after rallying 79.39% in the week ending Upward trends in active addresses fueled breakouts as investors returned from the sidelines. BTC remained the market barometer, a Friday record high driving buyer demand for meme coins. However, FLOKI (FLOKI) stole the show on Friday, surging 66.39% to $0.0002323. FLOKI was up 60% Monday through Friday after ballooning 299% in the week ending March 3. FLOKI has benefited from listings on crypto exchanges and endorsements as a long-term investment opportunity. Coinhako, a Monetary Authority of Singapore-regulated crypto exchange, listed FLOKI on Friday, March 8. CoinMENA also announced the listing of FLOKI on Friday.
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Key Takeaways Fantom seeks to have Multichain declared bankrupt by the Singapore High Court to recover around $122 million lost in a bridge exploit. A default judgment has been secured by Fantom, paving the way for the potential appointment of a liquidator to manage asset recovery. The case highlights ongoing efforts to tackle security vulnerabilities within the blockchain space. The Fantom Foundation is turning to the Singapore High Court to declare the Multichain Foundation bankrupt. This action was taken with the aim of recovering around $122 million lost in the exploit of Multichain's Fantom bridge in 2023. #FANTOM. #TrendingTopic #BlockchainLeaders
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#AI #Coindesk #RNDR: #future_tradin_signal_update Expectations that a crypto project will be mentioned in an Nvidia (NVDA) conference later this month are driving traders to bid on artificial intelligence (AI)-linked tokens, propelling CoinGecko 's category for the coins up 25% in 24 hours. Tokens of Fetch.AI (FET), Render Network (RNDR), Sleepless AI (AI) and SingularityNET (AGIX) climbed as much as 40%. These projects claim to utilize AI in various ways, such as providing a virtual companion and being a marketplace for graphic processing cards. Behind the surge are reports that crypto AI project developers are attending the chipmaker's conference or taking part in panels, according to Lookonchain. The event will be held from March 17-21. The advance compares with bitcoin’s 0.3% increase and a 0.4% gain in the CoinDesk 20, a broad-based liquid index of major tokens.
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#Solana🚀 has emerged as a standout performer, with its price doing a 10X surge. This surge in price, particularly in the aftermath of the FTX collapse, has been remarkable. This is a story of Solana's resilience but also highlights how it survived a particularly bleak crypto winter. Let's do a deep dive into the factors driving Solana's ascent and speculate on its future. Solana stands at the forefront of the next generation of blockchain technology. The success of these DEXes, alongside the proliferation of NFT marketplaces and the viral uptake of meme coins such as BONK, exemplifies Solana's capacity to host and support a diverse range of blockchain applications, setting a new benchmark for scalability and user engagement in the cryptocurrency space #BONK.
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