"CRYPTO INVESTORS ARE NO STRANGER TO THE TERM 4 ANNUAL CYCLE"

This time I will share the track record of the twists and turns of crypto history in the last 4 years...!!!

1. 2020 halving btc, covid 19 outbreak & the fed printing money
2. 2021 btc new ath
3. 2022 Terra Luna collapses, VC goes bankrupt, 3AC, Celsius, Voyager & FTX go bankrupt
4. 2023 bankrupt banking sector svb, silvergate, signature & multichain scammer exploitation, coinex, vitalik, linear exchange ....
5. what next 2024...???

🇺🇸 FOMC BREAKDOWN: Here’s everything that went down in today’s Fed Rate Cuts.

⚡️ Fed cuts interest rates by 50 bps — first cut since 2020.

⚡️ Two more rate cuts are expected in 2024.

⚡️ One Fed governor dissented, favoring a 25 bps cut. This is the first dissent since 2005.

⚡️ Fed has "greater confidence" inflation is nearing 2%

⚡️ Fed is waiting for inflation data and jobs report for their decision on next cut.

THIS IS THE CAUSE OF BITCOIN AND ALTCOIN PRICES TO CALL:

Cryptocurrency prices have recently experienced a significant decline. The cause of this decline is strongly suspected to be due to outflows in ETFs and digital asset investments as well as the FED's decision to hold interest rates.

At the time this article was written (18/6/2024), the price of Bitcoin was trading at around US$65,433, declining by 1.4% in the last 24 hours. Bitcoin's market capitalization also decreased by 1.5% to US$1.2 billion.

This largest cryptocurrency has experienced a decline of up to 4% in the past week since the Federal Reserve announced its decision to maintain the United States' benchmark interest rate in June.

Bitcoin's sluggish performance also affected other cryptocurrencies, such as Ethereum which fell more than 4.4% to US$3,427, according to CoinMarketCap data. Drastic declines also occurred in various large altcoins such as SOL (9.4%), DOGE (10%), ADA (8.8%), and SHIB (12%).

Overall, the decline in cryptocurrency prices caused 193,278 traders to be liquidated, with total liquidations reaching US$483.31 million according to data from Coinglass.

High Outflow from Crypto Investment Products

Reporting from CoinShares, crypto investment products experienced a weekly fund outflow of US$600 million last week, recording the highest record since March 22, 2024.

The recent outflows and sell-off caused total assets under management (AUM) to fall from above US$100 billion to US$94 billion in the week. Regionally, the US experienced most of the US$565 million outflow, followed by other countries such as Canada, Switzerland and Sweden.

These outflows were primarily focused on Bitcoin, totaling US$621 million. On June 17 alone, data from Farside Investors shows spot Bitcoin ETFs in the US recorded outflows of US$145.9 million.

This investment product experienced outflows on four out of five trading days last week.

#Write2Earn! #bitcoin☀️ #pepecoin🐸 #vickyiskandar $BTC $PEPE $ETH

GERRY'S PRANK TOWARDS BTC HALVING

US Securities and Exchange Commission (SEC) Gary Gensler's post on social media platform X caused confusion in the crypto community, with some people mistakenly believing that he would resign.

Gensler's post began with the phrase “It was an honor to serve,” which is commonly used by those leaving office. This led many in the crypto world to believe that the SEC chairman would resign, something they expected given his enforcement-focused approach to regulating the industry. However, those hopes were quickly dashed when Gensler followed up his post with a statement praising his work at the SEC.

“We have worked to make our markets more efficient, competitive, transparent and resilient. We have completed 38 regulations – on Treasury clearing, corporate governance, and money market funds, to name a few,” Gensler wrote in a follow-up post.

Pyth Retrospective Airdrop: Phase 2 - Decentralized Applications

Today marks the launch of the second phase of the Pyth Network Retrospective Airdrop . Over 160 decentralized applications using Pyth Data are eligible to receive PYTH Tokens as part of this airdrop program starting November 2023. It is an honor to work with so many developers who are passionate about pushing the boundaries of decentralized finance and Web3 capital markets.

Readers can soon expect their favorite #PoweredByPyth apps to announce their receipt of PYTH Governance Tokens and their plans for what they will do with their PYTH Tokens. This blog post will discuss the details of the second phase of the Retrospective Airdrop program.

Pyth Retrospective Airdrop

November 2023 saw the launch of the Pyth Network Retrospective Airdrop, the largest cross-chain airdrop of its kind, covering over 90K eligible wallets across 27 blockchains in its initial phase. To date, more than 51 thousand users have claimed more than 163 million PYTH Tokens (65% of the total airdrop).

The first phase of the airdrop program oversees the distribution of PYTH Tokens to DeFi participants, from EVM to Cosmos, Move to Solana, who interact with these Pyth-powered applications. Active community members of the Pythian community also receive allocations. You can read more about eligibility requirements in this guide .

The second phase of the airdrop program involves the distribution of PYTH Tokens to over 160 decentralized applications using Pyth Data. The application relies on Pyth price data to secure its protocol operations, typically for transactions, asset valuation, and on-chain settlement.

#Write2Earn #vickyiskandar #Pyth

NOTE THE WEEKLY TOKEN.!!!

• $RNDR - Apple Vision Pro launch set for February 2 + $NVDA ATH reached

• $WAXP - $WUF Airdrop Snapshot on January 31st. $WUF is a Team Candle Certified dog.

• $RBN - $RBN -> $AEVO conversion on Feb 1 (Rumor) + @juliankoh (CEO) says "Introducing our roadmap & vision in the coming weeks."

• $RON - Ronin DAU surpasses Polygon, reaches 3rd place + @ApeironNFT Play-to-Airdrop Campaign + Next onboarding game to be announced.

• $FXS - SfrxETH on EigenLayer (Jan 29) + Fraxtal (L2) expected to launch in the first week of February.

• $ASTR - zkEVM mainnet launch estimated to be 90% complete + Sony Chain to be released in January. (TGE, Airdrop Potential)

• $ONDO - Newly listed low-cap RWA (on Binance) + Possible listing on Coinbase.

• $CHZ - New Tokenomics + $PEPPER Airdrop Details coming soon.

Grayscale CEO's warning: Only two or three Bitcoin ETFs will survive

Bitcoin ETF fee war won't save funds from being pulled from the market, Grayscale CEO says.

Most Bitcoin ( BTC ) exchange-traded funds (ETFs) approved by the United States Securities and Exchange Commission (SEC) will not survive, Grayscale Investment CEO Michael Sonnenshein said.

In a January 18 interview with CNBC at the World Economic Forum in Davos, Switzerland, Sonnenshein predicted  that the majority of the 11 approved spot Bitcoin ETFs would likely fail.

The US SEC officially approved 11 spot Bitcoin ETFs on January 10, with 10 starting trading the following day . Many ETF issuers are actively lowering their trading fees to increase competitiveness with other ETF sponsors, with most approved ETFs charging fees between 0.2% and 0.4% . Some Bitcoin ETF providers also offer temporary fee waivers.

On the other hand, Grayscale – the largest Bitcoin holder among spot Bitcoin ETF issuers – charges as much as 1.5% without any relief.

Sonnenshein defended Grayscale's fees for spot Bitcoin ETF products, which are the highest on the market, by stating that only two or three spot Bitcoin ETFs will survive, and the rest will be withdrawn from the market:

“I think from our perspective, sometimes their long-term commitment to the asset class may be questionable [...] I don't think that the market will ultimately have the 11 spot products that we have.”

Sonnenshein's statement came on the fifth day of Bitcoin ETF spot trading in the United States. Since the launch of trading, Grayscale has been the only issuer to aggressively dump Bitcoin, offloading a total of 37,947 BTC on January 18. In contrast, nine other publishers have added at least 40,000 BTC to their products since the start of trading.

$BTC #BitcoinETF #BTC!💰 #vickyiskandar

This is my way of financial allocation apart from asset diversification.

I also diversify my finances based on risk level and age😁

•20-30 years old: 85% of my money is risked in assets that are HIGH RISK HIGH RETURN (crypto for example)

•31-40 years old: 65% of my money is risked in assets that are not too volatile (if there is age)

•Age 41-60++ years: look for relatively stable assets which are important for being able to enjoy life in old age (if you are still alive)

Binance Pay witnessed 12 million active users and transaction volume growth of 71%.

retail crypto payments solution by Binance, surged more than 71% year-on-year to surpass $77 billion in 2023, according to a new report. By the end of 2023, the number of active Binance Pay users worldwide jumped nearly 70%, to more than 12 million.

Over the past 12 months, thousands of new merchants have been added to Binance Pay. Together, these merchants create a broad shopping experience, helping to integrate payments for various services with crypto into everyday life.

In 2023, Binance Pay is also launching partnerships with key players in a variety of new industries — both inside and outside the crypto ecosystem — to make crypto transactions more accessible and seamless for everyone.

A notable example is Binance Pay's integration with DeFi wallets, such as Trust Wallet, to simplify and bridge the transfer of billions of dollars in assets.

This service also partners and collaborates with various organizations to facilitate crypto payments to consumers in various areas, including salary disbursement and loyalty rewards disbursement.

Previously, in 2022, Binance Pay held a major promotional campaign for all Shiba Inu (SHIB) holders.

Fans of the second largest meme cryptocurrency can get cashback for their operations. Making crypto payments simplified for beginners and professionals After a big payout year in 2023, this year Binance Pay plans to go even further. Q

the goal is to make paying with crypto as easy as ‘see, click, buy’ — and pave the way for an industry in crypto payments technology.

Jonathan Lim, Global Head of Binance Pay, highlighted the importance of the solution to the global cryptocurrency ecosystem

Bitcoin Spot ETF fee war begins, issuers amend S-1 filings with lower sponsorship fees

Issuers of potential spot Bitcoin ETFs awaiting SEC approval have filed amendments to their S-1 forms that include competitive new fee rates - some as low as 0.24%

Anticipation of the United States Securities and Exchange Commission (SEC) decision regarding Bitcoin ( BTC ) exchange-traded funds (ETFs) continues as many applicants file amendments to their final S-1 forms

Valkyrie was the first company to file an amendment to its final S-1, followed by WisdomTree, BlackRock, VanEck, Invesco and Galaxy, Grayscale, and ARK Invest and 21Shares.

Among the amendments, many applicants also include lower fees, raising the bar for competitiveness between different ETF offerings.

The lowest Sponsor Fee for an ETF currently filed is from Bitwise, with no fees for the first six months and the first $1 billion in assets, followed by a 0.24% fee. Followed by ARK Invest and 21Shares which also do not include fees for the first six months or assets up to $1 billion, after which they will apply a fee of 0.25%.

Bloomberg market analyst Eric Balchunas called the drop in ARK and 21Share fees from 0.80% to 0.25% “stunning.” Balchunas said, “the cost war is intense, but it's a different level.”

VanEck lists a 0.25% fee, Franklin a 0.29% fee and Fidelity a 0.39% fee.

Global asset manager BlackRock sets fees for the iShare ETF at 0.20% for the first 12 months or up to the first $5 billion, then increases it to 0.30% as an ongoing fee.

$BTC #bitcoin #BTC！ #vickyiskandar

Shiba Eternity SHIB Increases Utility with These 6 Changes
Shiboshi's seamless integration into Shiba Eternity promises an unforgettable personalized gaming experience.

The mobile version of Shiba Eternity includes more than 500,000 players.
The on-chain version brings new utility through Shiboshi integration.

Developer Shibarium is working on SHIB: The Metaverse.
The exponential growth of Shiba Inu's decentralized Shibarium Ecosystem throughout 2023 is extraordinary. The community's hopes of moving from Ether to a standalone blockchain consensus were fulfilled in August, while Layer-2 Shibarium amassed the impressive milestone of 250 million transactions on the public blockchain today.

2024 will bring more changes to the growing community behind these popular dog embossed coins. To illustrate, Shiba Inu developers have been hard at work on SHIB: The Metaverse, a virtual reality project for the Shiba Inu community, known as the SHIB Army.

In addition to improving the graphics, SHIB: Metaverse Alpha version aims to provide a coherent structure for SHIB holders to organize their virtual home in the virtual land of Shiba Inu. Giving priority to Shiba Inu (SHIB) Doge Killer (LEASH) alternative token holders and Shiboshis NFT holders, SHIB: Metaverse is “ready for testing,” according to its developers.

However, members of the SHIB Army have been waiting for an on-chain version of Shiba Eternity. This digital card game already has more than 500,000 players on its mobile version. In one of the most recent updates, SHIB Token marketing lead Lucie S. provided a glimpse of what Shiba Eternity will look like on-chain.

Shiba Eternity Brings This Important Advancement To Utilities
Shiboshis NFT , a collection of pixelated profile images, has launched alongside Shiba Inu on the Ethereum network. The collection of 10,000 non-fungible tokens (NFTs) provides a sense of exclusivity and pedigree.

$SHIB #shibaInu #SHIB #vickyiskandar

IN 4 HOURS BITCOIN FALLED DUE TO LIQUIDATION OF $540 MILLION DOLLARS..

In a move that shocked the entire industry, Bitcoin's crash has caused more than $540 million to be liquidated from the crypto market in just 4 hours. It's true, the asset has fallen on fears of Spot Bitcoin ETF rejection. Specifically, the figure has dropped by 9% over the last 24 hours alone.

Financial services company, Matrixport , recently released a report anticipating a complete rejection of Bitcoin ETFs. Indeed, they expressed concern about the US Securities and Exchange Commission's (SEC) willingness to approve the product. In the end, they projected an initial rejection at the upcoming January 10 deadline.

Throughout the closing months of 2023, the Spot Bitcoin ETF decision dominated the digital asset sector. Experts across the board are discussing the potential impact of the agreement. Moreover, the possibility that such approval will occur in the first week of January is a common thought.

However, that is changing due to recent reports highlighting the potential for widespread resistance. Furthermore, the speculation has led to a massive drop in the price of Bitcoin, and more than $540 million was liquidated from the crypto market in the last 4 hours alone.

Bitcoin (BTC) celebrated the new year by surpassing the $45,000 mark for the first time since 2022. However, things quickly changed course, as in the last 24 hours the cryptocurrency fell by 9%. In turn, most of the gains on January 1 were clawed back, with massive liquidations occurring across derivatives exchanges.

Just last week, Reuters reported that approval for a Bitcoin ETF could come as soon as “Tuesday or Wednesday,” according to their sources. However, Matrixport noted the application's failure to meet “critical requirements” that would precede rejection of the investment product by the SEC.

$BTC #bitcoin #BTC🔥🔥 #BitcoinETF #vickyiskandar

BONK VALUE IS DOWN 50% SINCE ATH⁉️

Bonk has experienced a sharp decline in its market value, as evidenced by recent price charts showing a loss of nearly 50% from its peak.

This dramatic decline highlights the risks inherent in investing in highly volatile digital assets, particularly assets like BONK, which may be influenced by their novelty or “meme” status rather than their underlying fundamentals.

BONK price action chart analysis shows a sharp rise followed by a sharp decline, a pattern reminiscent of other meme coins, such as Shiba Inu. This type of cryptocurrency often attracts attention and investment due to social media hype and speculative trading, resulting in rapid price increases.

However, without major technological or economic support, these investments tend to decline equally quickly, causing investors to experience significant losses.

For those who have made investments with leverage, the decline in BONK value is very disturbing. Leverage can increase profits when the market rises, but can result in greater losses when prices fall. The halving of BONK's value is a reminder of the dangers of taking advantage of the volatile cryptocurrency market, where the line between profit and loss can be very thin.

BONK's trajectory parallels that of Shiba Inu, which experienced a major breakthrough in the cryptocurrency scene, capturing the imagination and wallets of investors looking for their next big win.

However, when the initial excitement faded, the price struggled to maintain its skyrocketing heights, leading to a major pullback.

$BONK $SOL
#BONK #solana #vickyiskandar

Solana (SOL) Turns BNB Into The Fourth Largest Coin

Solana (SOL) has surpassed Binance Coin (BNB) to claim the position of the fourth largest coin by market capitalization.

Solana's market cap now stands at $48.79 billion, surpassing BNB's $41.40 billion.

This milestone comes amid a broader rally in the digital asset sector, with Solana's price hitting $114.54, marking a surprising increase of 58.4% over the past week. Outperforms Bitcoin and Ethereum In another significant development, Solana has outperformed major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) in trading volume on Coinbase.

Notably, this is the first time that three coins traded for more than BTC in a 24-hour period on the platform. Additionally, Solana has seen a surge in decentralized exchange (DEX) volume, outpacing all other chains with 3,078% higher volume than Ethereum.

This shows increasing investor confidence in the Solana ecosystem and its potential to maintain high transaction volumes, which is a key metric in the crypto world. SOL still far from its ATH The recent surge was fueled by the dog-themed meme coin, Bonk (BONK), which saw a stunning surge in late November.

This dramatic increase in value caught the attention of the crypto community and inspired the creation and trading of other similar meme coins. It's not just about meme coins.

Solana's total value locked is approaching $1.5 billion, meaning there is healthy interest in the broader ecosystem. Despite this spike, SOL is still 56.21% below its all-time high, illustrating the volatile nature of the crypto market.

Circle Issues Euro-Backed Stablecoin EURC Natively on Solana Blockchain

Circle said it intends for EURC to become a regulated electronic money token under the upcoming EU digital assets regulations.

The company said it intends EURC to become an electronic money token regulated under EU regulations.

Stablecoin issuer Circle Internet Financial said its euro-backed EURC stablecoin is active on the Solana (SOL) blockchain, which is known for its cheap, fast transactions and support for a wide range of ecosystem applications.

Decentralized finance (DeFi) applications and Solana-based digital wallets including Jupiter Exchange, Meteora, Orca, and Phoenix have added support for stablecoins, allowing users to make foreign exchange transactions,

EURC is well positioned to radically increase utility across Europe's peer-to-peer transfer and remittance corridors,” Circle said Monday.

The $130 billion asset class STABLECOINS, are a key part of the plumbing in the digital asset market, serving as a bridge between government-issued fiat money and the cryptocurrencies that power trade and transactions on blockchain networks. Banks are also increasingly used for savings in developing countries with fragile financial systems and for remittances between countries, offering faster and cheaper transactions than traditional banking alternatives.

Research firm Bernstein estimated earlier this year that stablecoins had the potential to grow into a nearly $3 trillion market in the next five years as global financial and consumer platforms leverage tokens on public blockchains to power exchanges of value.

$SOL #Solana📈🚀🌐 #vickyiskandar

Inside Bonk Inu: How 22 Developers Put Shiba Inu Fun Onto Solana and Away From FTX

Confused, fed up, and tired: Solana's popularity took a hit when reports of possible fraud at Sam Bankman-Fried's giant crypto exchange, FTX, first came to light. But the developers found a way to start the activity.

In recent weeks, Shiba inu-themed tokens have taken center stage in the Solana ecosystem as sentiment around the blockchain network took a hit following the Sam Bankman-Fried and FTX debacle.

Called Bonk inu (BONK), the project with a cute dog holding a bat as its mascot, launched with just a homepage and “bonkpaper” in the last weeks of 2022

Bonk Inu became the talk of Crypto Twitter almost overnight with almost everyone wondering the same thing, “What the heck is Bonk?”

Bonk Inu is a team of 22 individuals without a single leader, all involved in the inception of the project, All of whom have previously built decentralized applications (DeFi), non-fungible tokens (NFT) and other related products on Solana

There is no core team. It’s all volunteers,” said KW, a pseudonymous member of the Bonk Inu team, “We have all been in the Solana ecosystem for a long time and built relationships over the last two years.”

The crazy airdrop – of 50% of its token supply – likely drove huge community interest and instant hype. About 20% of the total airdrop supply went to the Solana NFT collection – which consists of 297,000 individual NFTs – and 10% to Solana-focused artists and collectors. Airdrops refer to the unsolicited distribution of cryptocurrency tokens or coins, usually free, to various wallet addresses and are generally used as a tactic to acquire users.

$BONK #BONK #SOL #vickyiskandar

LET'S UNDERSTAND THE TERMS OF INTRAPHATION.!

How Can Inscriptions Be Used?

Inscriptions are metadata added or “written” into Bitcoin satoshis (sats), the smallest unit of the Bitcoin currency, which can include information attached to transactions. They only exist as digital entries or “digital artifacts” on the Bitcoin blockchain, which is the public ledger of all bitcoin transactions.

Ordinal is the result of the inscription made in a Bitcoin transaction, which includes input and output, where the input is the address from which Bitcoin is sent, and the output is the address to which Bitcoin is sent. Inscriptions are limited by the block space allowance for each satoshi, with a maximum size of around 4 MB.

Although satoshis themselves are essentially inscriptionless, additional data in the form of transaction comments, messages, or assets can be embedded into satoshis. This is what makes an inscription. The inscription can contain any information the sender wishes to attach to the transaction as long as it meets a specified limit on the block size.

How Can Inscriptions Be Used?

Inscriptions can be used for various purposes, such as including transaction context, a payment reference or invoice number, providing a message to the recipient, or attaching a document or file to a transaction as an NFT. This flexibility in writing or generating digital artifacts on Bitcoin satoshis is what adds to Ordinals' functionality and usability.

Provisions Regarding Inscriptions

BIP - Bitcoin Improvement Proposal.

Ordinal – The end result of a pairwise identifier written alongside a digital artifact on a Bitcoin Satoshi.

- Assigning sats with numismatic value, allowing them to be collected and traded as objects such as non-fungible tokens (NFTs).

Digital Artifact - Basically an inscription, which can be an NFT. An immutable, on-chain, and unrestricted digital artifact is an NFT.

Satoshi (sats) - The smallest unit used in measuring Bitcoin, named after the anonymous creator of Bitcoin.

BlackRock Bitcoin ETF Now Inviting Participation From Wall Street Banks

Changes to the proposed spot bitcoin ETF structure would allow authorized participants (APs) to create new shares in the fund with cash, rather than just with cryptocurrency, essentially opening the door to banks that cannot own crypto directly.

Changes to BlackRock's proposed bitcoin (BTC) spot ETF mechanism open the door for Wall Street banks, which face restrictions on holding the cryptocurrency, to play a key role.

BlackRock recently made it an official participant – a key part of the ETF ecosystem – will be able to create new stock funds with cash, not just with cryptocurrency.

Since highly regulated US banks cannot hold bitcoin themselves, this arrangement would allow firms like JPMorgan or Goldman Sachs – companies with some of the largest balance sheets in the world – to act as APs for BlackRock's ETFs. (Whether they want to or not is another matter.)

AP cash used in this process can then be exchanged for bitcoin by intermediaries and held by ETF custody providers, according to a memo filing related to a Nov. 28 meeting involving the U.S. Securities and Exchange Commission, BlackRock and Nasdaq.

Optimism has grown that a spot bitcoin ETF will soon be approved by the SEC, which would be a game changer for the digital asset industry if it attracts a lot of money from retail investors. The commonly held view to date is that AP is a large market making firm with experience in the crypto space, like Jane Street, Jump Trading and Virtu – not a bank. But these changes mean banks can take further action and expand the reach of liquidity providers.

THE HAPPY NEWS OF BINANCE LAUNCHPOOL ROUND 40 IS BACK..

Introducing Fusionist (ACE) on Binance Launchpool! Farming ACE with Staking BNB and FDUSD

12-11-2023 19:05

Fellow Binancians,

Binance is excited to announce the 40th project in the Binance Launchpool - Fusionist (ACE) . ACE is the native token of Endurance, a decentralized gaming/social blockchain that will host Fusionist, a AAA web3 game. The webpage is expected to be available in 4 hours, before Launchpool starts.

Users will be able to stake their BNB and FDUSD into separate pools to farm ACE tokens for 5 days, with farming starting on 2023-12-13 at 00:00 (UTC).

Binance will temporarily list ACE on 2023-12-18 06:00 (UTC) and open trading with ACE/BTC, ACE/USDT, ACE/BNB, ACE/FDUSD, and ACE/TRY trading pairs. Seed Tag will be applied to ACE.

Fusionist Launch Pool Details:

Token Name: Fusionist (ACE)

Total Token Supply: 147,000,000 ACE

Launchpool Token Reward: 10,290,000 ACE (7% of total token supply)

Initial Circulating Supply: 21,969,520 ACE (14.95% of total token supply)

Smart Contract Address: Endurance , BNB Smart Chain

Staking Conditions: KYC required

Hourly Limits per User:

6,860 ACE in BNB pool

1,715 ACE in FDUSD pool

Supported Pools:

BNB Staking (webpage will be available in about 4 hours): reward 8,232,000 ACE (80%)

FDUSD Betting (webpage will be available in about 4 hours): reward 2,058,000 ACE (20%)

Farming Period: 2023-12-13 00:00 (UTC) to 2023-12-17 23:59 (UTC).

Meme Coin Value Soars, Raising $6.7 Billion in a Month With BONK, PEPE, and SHIB Leading the Rally

Explosive Growth in the Meme Coin Sector as Market Cap Hits $23.8 Billion

The meme coin economy is currently worth $23.8 billion , up $6.7 billion from the $17.1 billion number recorded 30 days ago. Nine of the top ten meme tokens have seen double-digit gains over the past week.

The top two leaders, in terms of market valuation, DOGE and SHIB , jumped 19.1% to 21.5% respectively. The third largest, pepe (Pepe), rose 43.5% against the greenback over the past week.

BONK is up 153%, while FLOKI is up 24.2% this week. MEME increased by 34.3%, and BABYDOGE increased by 30.8%. CORGIAI is the only member of the top ten not to have double-digit gains, but is up 4.5% over the past seven days.

The tenth largest meme coin, dubbed “harrypotterobamasonic10inu,” rose 31.9% against the US dollar. Other notable gainers in the world of meme coins are DOG, TOSHI, HUAHUA, and NFD.

In fact, including BONK, a total of 11 meme-based crypto assets recorded triple-digit increases. A total of 53 meme coin assets recorded double-digit gains against the US dollar.

The top meme coin, dogecoin (DOGE) , has a market valuation of $14.12 billion, which is equivalent to 59.32% of the entire meme coin economy. Shiba inu (SHIB) had a market cap of $5.97 billion as of December 9, 2023, accounting for more than 25% of the $23.8 billion meme coin market.

$DOGE $SHIB $PEPE
#doge #shibaInu #pepe #BONK #vickyiskandar