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$BTC As of today, August 14, 2024, Bitcoin is showing signs of consolidation, with its price fluctuating around the $63,500 to $67,000 range. This period of consolidation suggests that Bitcoin is currently stabilizing, with the potential for upward momentum if it breaks above the $67,000 resistance level. If this happens, Bitcoin could target the $70,000 mark in the short term. However, a breakdown below $63,000 could indicate further declines
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#BONKš„š„ BONK Price Prediction . BONK was launched in December 2022 with a starting token price of $0.0000001487. It showed only a gradual growth over the next ten months before its price started surging from November 2023 onwards. The Solana-based meme coin reached its all-time high in March 2024, with a peak price of $0.000045. However, it could not sustain the momentum for long as it traded below the $0.000030 level between April to mid-May. Nonetheless, over the last year, $BONK has recorded a massive 7396% increase in price. With its impressive performance on the price charts in the past few days, Bonk might be close to hitting a new all-time high. Bonk Price Prediction Bonk has hit the ground running after it breached the $0.00003 resistance level, showcasing that the token is on a positive cycle. Two factors have contributed to its recent rally - the bullish sentiment in the broader market caused by the imminent ETH ETF approval and investorsā increasing appetite for the token. Presently, Bonkās Relative Strength Index (RSI) shows that it is nearing the āoverboughtā territory. The RSI is a tool that analyzes the extent of changes in price to show whether a token is in overbought or oversold conditions. With the 14-day RSI of Bonk at 66.18 and its Fear and Greed Index above 70, there's no doubt that investors are betting on a price rise. However, from a technical perspective, Bonk may encounter some resistance if it enters the overbought zone as traders see that as a signal to sell. When this happens, the tokenās price will likely witness a correction. Therefore, investors might be better off shifting some capital to Dogeverse , a multi-chain meme coin with an attractive investment appeal.
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#MemeWatch2024 Best Top Meme Coins Hereās our list of the best meme coins to buy in May 2024, including established large market cap coins and brand new meme coins: DogeverseĀ ā Overall best meme coin to buy in 2024 SealanaĀ ā New Solana-based meme coin with viral potential WienerAIĀ ā New dog-themed meme token offering an AI crypto trading bot Sponge V2Ā ā Best stake-to-bridge meme coin with a play-to-earn game SmogĀ (Market Cap: $54 million)Ā ā Popular meme coin promising the greatest Solana airdrop of all time Shiba ShootoutĀ ā Best Wild West-themed meme coin Clair MemeĀ ā AI-powered meme coin avatars for full metaverse integration Oracle MemeĀ ā New meme token decentralizes the meme creation process. Presale coming up MAOCATĀ ā Cat-themed meme coin with utility in the form of NFTs, a swap and a game.Ā Dogecoin (Market Cap: $20.2 billion)Ā ā Most iconic meme coin with widespread adoption Shiba Inu (Market Cap: $14.2 billion)Ā ā Popular meme coin known as the āDoge Killerā Pepe (Market Cap: $3.4 billion)Ā ā Top meme coin with unique cultural appeal dogwifhat (Market Cap: $3.0 billion)Ā ā The biggest meme coin sensation in 2024 Bonk (Market Cap: $1.8 billion)Ā ā Leading Solana meme coin with high transaction speedĀ Floki (Market Cap: $1.7 billion)Ā ā Popular meme coin with real utility
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#Cosmosš„· Why Cosmos? The Cosmos community has approved a proposal to cap the inflation rate of the ATOM token at 10%. The current inflation rate is at about 14%, while the cap is set at 20%. Once enacted, the proposal will reduce the amount of new ATOM tokens entering circulation. However, it will also reduce the APR of staking ATOM tokens from about 19% to roughly 13.4%. According to the proposal, research indicated that the Cosmos Hub blockchain is currently overpaying for its security. The proposal also argues that reducing the inflation of ATOM could have a positive influence on decentralized finance protocols and money markets in the Cosmos ecosystem. The vote was quite contentious, as the "Yes" option received 41.1% of the vote. The "No" option received 31.9% of the vote, the "Veto" option received 6.6%, while the remaining 20.4% of the votes were for the "Abstain" option. Interestingly enough, this proposal saw the highest voter turnout in the history of the Cosmos ecosystem.
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#Uniswapās Why Uniswap? The Uniswap Foundation has submitted a proposal to use the protocolās fee mechanism to reward UNI token holders who stake and delegate their tokens. According to the proposal, the change is designed to incentivize "active, engaged and thoughtful delegation" in the Uniswap governance process. If the community vote approves the proposal, it would allow for the automatic and unrestricted collection of protocol fees, which would then be distributed evenly among UNI token holders who have staked their tokens and delegated their voting rights. The market has received the proposal very positively, as UNIās price spiked from $7.16 to $12.27 (+71%) in a little more than an hour after the proposal was published. Although UNI has seen a price correction since, the token is till trading at $10.56 at the time of writing, which is significantly above its pre-spike levels.
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