MEMECOINS
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Meme coins are all the rage right now. But are they fleeting or full of potential? On which meme coin are you most bullish and why?
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Momentum is building up for $BABYDOGE, indicating another upward movement. If Bitcoin remains bullish, it could decrease its price by one zero. $MYRO and $TOSHI memecoins are expected to take the lead.
We've tracked 28x gains in the previous rally.
#MEMECOINS
We've tracked 28x gains in the previous rally.
#MEMECOINS
Value creation by memes is a very human phenomenon
Many people think that meme-based asset price rises are bubbles and speculation. In particular, investors with knowledge of the asset management business have a stronger mindset that the appropriate value of an asset should be based on cash flow, and tend to think that an asset without cash flow is a speculative asset with no intrinsic value.
Of course, there are cases where a valuation method based on cash flow is appropriate depending on the type of asset. However, the dichotomy in which the value of an asset is limited solely to the existence of cash flows and that no cash flows are worthless is a very narrow way of thinking. This can be easily seen through examples around us. The asset class referred to as “alternative investment,” which the asset management industry has been actively incorporating into asset portfolios since the 2000s, includes assets that do not have regular cash flows, such as precious metals and crude oil. Art and expensive wines, which have been used by the wealthy for generations to store their wealth, are also non-cash-flowing assets. If you broaden your horizons just a bit like this, it's easy to see that the sources of asset value are very diverse
A broader discussion of the fair value of assets requires an open mindset that moves away from the binary and one-dimensional approach. As Figure 4 showed earlier, ‘value’ is a subjective and situational concept that is not absolute and objective. Again, for example, art objects or expensive wines, these are culturally based assets. Those who do not share this culture feel no value. This is because value is a social and cultural phenomenon created in human interaction
From this point of view, it is rather natural that meme-based assets have value. The fact that mankind gave value to shells, gold, and silver in the beginning and used them as currency, and the act of some young people in Korea today trading shoes with a specific story at high prices are extensions of the most humane acts that have lasted for at least 10,000 years. It is a common social phenomenon in
BUT! !BE !CAREFULL ! MEME IS ONLY MEME!
#MEMECOINS
Of course, there are cases where a valuation method based on cash flow is appropriate depending on the type of asset. However, the dichotomy in which the value of an asset is limited solely to the existence of cash flows and that no cash flows are worthless is a very narrow way of thinking. This can be easily seen through examples around us. The asset class referred to as “alternative investment,” which the asset management industry has been actively incorporating into asset portfolios since the 2000s, includes assets that do not have regular cash flows, such as precious metals and crude oil. Art and expensive wines, which have been used by the wealthy for generations to store their wealth, are also non-cash-flowing assets. If you broaden your horizons just a bit like this, it's easy to see that the sources of asset value are very diverse
A broader discussion of the fair value of assets requires an open mindset that moves away from the binary and one-dimensional approach. As Figure 4 showed earlier, ‘value’ is a subjective and situational concept that is not absolute and objective. Again, for example, art objects or expensive wines, these are culturally based assets. Those who do not share this culture feel no value. This is because value is a social and cultural phenomenon created in human interaction
From this point of view, it is rather natural that meme-based assets have value. The fact that mankind gave value to shells, gold, and silver in the beginning and used them as currency, and the act of some young people in Korea today trading shoes with a specific story at high prices are extensions of the most humane acts that have lasted for at least 10,000 years. It is a common social phenomenon in
BUT! !BE !CAREFULL ! MEME IS ONLY MEME!
#MEMECOINS
Have you ever heard of HUNDRED?
In the galaxy of token memes that have taken hold in recent months, among scam and non-scam projects, a bizarre token that caught my attention 2 months ago named HUNDRED stands out.
Hundred calls itself an " ANTI-PAPER HANDS " token, why?
When you buy HUNDRED it will automatically prevent you from selling for 100 hours.
For the creator of the token this is the only way to avoid speculation on the price of the token as happen for $PEPE or other meme tokens.
A major innovation could come with a market cap of $1m, currently at $483k.
The development team, states that should it reach that milestone, they would implement a staking section for all meme token holders.
New updates soon!
** NOT FINANCIAL ADVICE**
#Binance #BINANCEFEED #crypto2023 #MEMECOINS
Hundred calls itself an " ANTI-PAPER HANDS " token, why?
When you buy HUNDRED it will automatically prevent you from selling for 100 hours.
For the creator of the token this is the only way to avoid speculation on the price of the token as happen for $PEPE or other meme tokens.
A major innovation could come with a market cap of $1m, currently at $483k.
The development team, states that should it reach that milestone, they would implement a staking section for all meme token holders.
New updates soon!
** NOT FINANCIAL ADVICE**
#Binance #BINANCEFEED #crypto2023 #MEMECOINS
As always DYOR!!
As many people saying BTC this BTC that…history etc…
This bullrun is very very different then all previous ones…
As for history saying BTC never hit ATH before halving.
Nowadays is hard to predict crypto,you are in or out,take the risk or do not even consider about investing in crypto.
#PEPE #BTC #MEMECOINS #FET
As many people saying BTC this BTC that…history etc…
This bullrun is very very different then all previous ones…
As for history saying BTC never hit ATH before halving.
Nowadays is hard to predict crypto,you are in or out,take the risk or do not even consider about investing in crypto.
#PEPE #BTC #MEMECOINS #FET
Is PAULY0X's most anticipated MEME COIN ever going to be launched?
Pauly0x, the founder of “NotLarvaLabs” also known as Jeremy Cahen, is responsible for sponsoring this MEME COIN.
After more than 11 days of intense interactions, clues, and teasers released through its official Twitter pages, thousands of interactions and memes created by the community, and hundreds of SCAM tokens created by evildoers, speculation about the name of the new MEME COIN is at its peak.
Now, PAULY0X is finally lifting the veil.
Apparently, if it is not another marketing maneuver of Pauly0x, the long-awaited launch of what will be, according to him, the most anticipated MEME COIN of recent times since the launch of #PEPE COIN, may be scheduled for the next day, 7.21.23.
According to the latest clues released by Pauly0x, everything points to this being the most anticipated and coveted date in recent times in the crypto industry. However, the name of the MEME COIN is still unknown, although there is a lot of speculation around the name "COPPENHEIMER."
What is also not yet known concretely is the criteria to be a base investor, whether there will be any pre-launch, airdrop, as well as the requirements to become a root investor of this coveted MEME COIN. One thing we know so far is that Pauly0x says that this will be a MEME COIN "FOR THE PEOPLE," and it will not privilege any Whale, influencer, or organization, as they usually benefit in the launches of new tokens.
Usually, they receive advance information and tokens at an early stage of the projects to create FOMO and projection, which, of course, ends up favoring these players at the expense of retail investors.
Expectations are high, but the bar is also set very high for Pauly0x!
Will this be the most bombastic release of recent times?
Will this new MEME COIN really supplant all the MEME COINS that have been released to date?
What are your expectations and opinions on this topic?
#MEMECOINS
#GOATMoments
#Binance
$PEPE
After more than 11 days of intense interactions, clues, and teasers released through its official Twitter pages, thousands of interactions and memes created by the community, and hundreds of SCAM tokens created by evildoers, speculation about the name of the new MEME COIN is at its peak.
Now, PAULY0X is finally lifting the veil.
Apparently, if it is not another marketing maneuver of Pauly0x, the long-awaited launch of what will be, according to him, the most anticipated MEME COIN of recent times since the launch of #PEPE COIN, may be scheduled for the next day, 7.21.23.
According to the latest clues released by Pauly0x, everything points to this being the most anticipated and coveted date in recent times in the crypto industry. However, the name of the MEME COIN is still unknown, although there is a lot of speculation around the name "COPPENHEIMER."
What is also not yet known concretely is the criteria to be a base investor, whether there will be any pre-launch, airdrop, as well as the requirements to become a root investor of this coveted MEME COIN. One thing we know so far is that Pauly0x says that this will be a MEME COIN "FOR THE PEOPLE," and it will not privilege any Whale, influencer, or organization, as they usually benefit in the launches of new tokens.
Usually, they receive advance information and tokens at an early stage of the projects to create FOMO and projection, which, of course, ends up favoring these players at the expense of retail investors.
Expectations are high, but the bar is also set very high for Pauly0x!
Will this be the most bombastic release of recent times?
Will this new MEME COIN really supplant all the MEME COINS that have been released to date?
What are your expectations and opinions on this topic?
#MEMECOINS
#GOATMoments
#Binance
$PEPE
$PEPE pumping hard!! Is #MEMECOINS season starting? 👀 More meme tokens to follow the pump. #dyor
#pepecoin
#pepecoin
#MEMECOINS Summer 2023
Who will forget $PEPE Dino and Ben this Summer? Each summer has a different theme (remember Defi Summer?) and to those who gained from MEMEs I salute you.
Remember, $SOL $ADA and ##MATIC will all be here for the long term.
Others will not.
Who will forget $PEPE Dino and Ben this Summer? Each summer has a different theme (remember Defi Summer?) and to those who gained from MEMEs I salute you.
Remember, $SOL $ADA and ##MATIC will all be here for the long term.
Others will not.
🚀 Elon Musk On Dogecoin: A Guide for Crypto Investors 🐶
🌐 Tesla's CEO, #ElonMusk , loves #Dogecoin . But he cautions investors not to go all-in. Musk's influence on the market is significant, so his words matter. Remember to diversify and invest responsibly in the volatile world of #crypto .
Stay updated for more insights on cryptocurrencies and Elon Musk's involvement.
Like & Follow us! 🫵
#MEMECOINS $DOGE $PEPE $SHIB
🌐 Tesla's CEO, #ElonMusk , loves #Dogecoin . But he cautions investors not to go all-in. Musk's influence on the market is significant, so his words matter. Remember to diversify and invest responsibly in the volatile world of #crypto .
Stay updated for more insights on cryptocurrencies and Elon Musk's involvement.
Like & Follow us! 🫵
#MEMECOINS $DOGE $PEPE $SHIB
LIVEVraig
--
Elon Musk On Dogecoin: A Guide for Crypto Investors
Elon Musk on Dogecoin reveals his influence on crypto markets, and his investment advice.
Tesla’s charismatic CEO, Elon Musk, has been a long-time fan of cryptocurrencies, particularly #Dogecoin , a token infused with humor and, as Musk likes to point out, “it has dogs”. However, during his recent virtual appearance at The Wall Street Journal’s CEO Council Summit in London, Musk issued a word of caution to crypto enthusiasts and his dedicated fanbase. Despite his public affection for the meme-based #crypto , Musk warned investors not to go all in on Dogecoin or any other cryptocurrencies.
Elon Musk On Dogecoin: Relationship
#ElonMusk has a storied history with Dogecoin, a cryptocurrency that began as a joke but quickly gained momentum, partly due to Musk’s endorsement. From promoting it on Saturday Night Live to purchasing the token for his son, Musk’s association with Dogecoin is undeniable. The tech mogul even pledged to collaborate with Dogecoin’s developers to enhance its viability for broader adoption. True to his word, Musk made a notable gesture by temporarily transforming Twitter’s logo into a Dogecoin image following his acquisition of the social media giant.
The Reason Behind Musk’s Fondness For Dogecoin
During the CEO Council Summit, Musk candidly shared his reasons for favoring Dogecoin over other cryptocurrencies. In Musk’s view, Dogecoin stands out due to its unique blend of humor and canine-themed design. “Dogecoin is my favorite cryptocurrency because it has the best humor and has dogs” he quipped. This perspective provides a fascinating insight into Musk’s affinity for the unconventional and the whimsical, traits that have become hallmarks of his entrepreneurial style.
Musk’s Influence And The Need For Caution
However, Musk’s words of caution during the summit should not be taken lightly, considering his significant influence on the market. A testament to his sway over financial markets is his 2018 run-in with the U.S. Securities and Exchange Commission, which resulted in a hefty $20 million penalty. This event occurred after Musk made a marijuana-related joke about Tesla’s stock price that inadvertently caused a 6% surge in its value.
Musk’s advice not to “bet the farm on Dogecoin” serves as a reminder to investors that while cryptocurrencies offer exciting opportunities, they come with inherent risks. His guidance illustrates the importance of diversification and responsible investing in the volatile world of cryptocurrencies.
Elon Musk On Dogecoin: Conclusion
Elon Musk’s love for Dogecoin has been a remarkable narrative in the crypto universe. His endorsements have fueled interest in the coin, but his recent cautionary advice highlights the need for careful deliberation when investing in cryptocurrencies. As the saga unfolds, it will be interesting to see how Musk’s relationship with Dogecoin and the crypto world evolves.
Remember to stay updated on the latest trends in cryptocurrencies and always make informed decisions based on careful research and consideration. For more insights into the world of #cryptocurrencies and to learn about the latest updates from influential figures like Elon Musk, continue to follow us
#memecoins
$DOGE $SHIB $PEPE
Tesla’s charismatic CEO, Elon Musk, has been a long-time fan of cryptocurrencies, particularly #Dogecoin , a token infused with humor and, as Musk likes to point out, “it has dogs”. However, during his recent virtual appearance at The Wall Street Journal’s CEO Council Summit in London, Musk issued a word of caution to crypto enthusiasts and his dedicated fanbase. Despite his public affection for the meme-based #crypto , Musk warned investors not to go all in on Dogecoin or any other cryptocurrencies.
Elon Musk On Dogecoin: Relationship
#ElonMusk has a storied history with Dogecoin, a cryptocurrency that began as a joke but quickly gained momentum, partly due to Musk’s endorsement. From promoting it on Saturday Night Live to purchasing the token for his son, Musk’s association with Dogecoin is undeniable. The tech mogul even pledged to collaborate with Dogecoin’s developers to enhance its viability for broader adoption. True to his word, Musk made a notable gesture by temporarily transforming Twitter’s logo into a Dogecoin image following his acquisition of the social media giant.
The Reason Behind Musk’s Fondness For Dogecoin
During the CEO Council Summit, Musk candidly shared his reasons for favoring Dogecoin over other cryptocurrencies. In Musk’s view, Dogecoin stands out due to its unique blend of humor and canine-themed design. “Dogecoin is my favorite cryptocurrency because it has the best humor and has dogs” he quipped. This perspective provides a fascinating insight into Musk’s affinity for the unconventional and the whimsical, traits that have become hallmarks of his entrepreneurial style.
Musk’s Influence And The Need For Caution
However, Musk’s words of caution during the summit should not be taken lightly, considering his significant influence on the market. A testament to his sway over financial markets is his 2018 run-in with the U.S. Securities and Exchange Commission, which resulted in a hefty $20 million penalty. This event occurred after Musk made a marijuana-related joke about Tesla’s stock price that inadvertently caused a 6% surge in its value.
Musk’s advice not to “bet the farm on Dogecoin” serves as a reminder to investors that while cryptocurrencies offer exciting opportunities, they come with inherent risks. His guidance illustrates the importance of diversification and responsible investing in the volatile world of cryptocurrencies.
Elon Musk On Dogecoin: Conclusion
Elon Musk’s love for Dogecoin has been a remarkable narrative in the crypto universe. His endorsements have fueled interest in the coin, but his recent cautionary advice highlights the need for careful deliberation when investing in cryptocurrencies. As the saga unfolds, it will be interesting to see how Musk’s relationship with Dogecoin and the crypto world evolves.
Remember to stay updated on the latest trends in cryptocurrencies and always make informed decisions based on careful research and consideration. For more insights into the world of #cryptocurrencies and to learn about the latest updates from influential figures like Elon Musk, continue to follow us
#memecoins
$DOGE $SHIB $PEPE
EPE's 30-day moving average (yellow) has slowed its steep decline of the past few days, and looks ready to begin climbing towards its 200-day average (blue), at which point a breakout could begin.At the same time, the coin's relative strength index (purple) has moved from a low of 20 yesterday to just over 50 today, another sign that PEPE may continue rising for the next few days.
PEPE's support level (green) suggests that the recent selloff may have bottomed out, and that the only way now is up. There's no fundamental reason why PEPE would see a rally now. But if a positive narrative can develop around the meme token, perhaps regarding the possibility of a listing on Coinbase or another major exchange, then it could easily begin rising again.
#pepe #MEMECOINS #crypto2023 #bitcoin #Binance
PEPE's support level (green) suggests that the recent selloff may have bottomed out, and that the only way now is up. There's no fundamental reason why PEPE would see a rally now. But if a positive narrative can develop around the meme token, perhaps regarding the possibility of a listing on Coinbase or another major exchange, then it could easily begin rising again.
#pepe #MEMECOINS #crypto2023 #bitcoin #Binance
Shiba Inu Starts Week on Wrong Foot, Here Are Numbers and What to Expect
The week is starting off on the wrong foot for the crypto industry's second largest meme coin, Shiba Inu (SHIB). The meme coin has seen a dramatic reversal in its burn rate, which at the time of writing has slumped by 96.38%, per data from Shibburn. Within this time frame, just about 4.5 million SHIB tokens had been sent to dead wallets over the past 24 hours.
The poor start to the week was also extended to its price action. At the time of writing, SHIB is changing hands at a price of $0.000008538, down by 1.43% over the past 24 hours. The growth rate for the week has also fallen by 2.80% to showcase slowing sentiment for the token in the short term.
While its short term growth outlook appears bleak, Shiba Inu has promising tendencies to correct its current bearish trend owing to some of the innovations currently developing.
The Shibarium protocol is one of the major Layer 2 protocols that is yet to go live on the mainnet; however, the team behind the protocol are working assiduously to ensure the transition from its current Puppynet Testnet to the mainnet takes place as soon as possible.
Shiba Inu and projected trend reversal
As one of the most volatile digital currencies, there is arguably no growth pattern that will be permanent, as far as Shiba Inu is concerned.
As such, we can expect there to be a recovery in both the burn rate and the price of the meme coin as the week journeys on. We can use the extent of last week's milestones to project what might be this week and, as such, the SHIB burn rate is expected to beat the more than four billion tokens sent to dead wallets last week, as reported by U.Today.
#SHIBAINU #MEMECOINS #BinanceTournament
The poor start to the week was also extended to its price action. At the time of writing, SHIB is changing hands at a price of $0.000008538, down by 1.43% over the past 24 hours. The growth rate for the week has also fallen by 2.80% to showcase slowing sentiment for the token in the short term.
While its short term growth outlook appears bleak, Shiba Inu has promising tendencies to correct its current bearish trend owing to some of the innovations currently developing.
The Shibarium protocol is one of the major Layer 2 protocols that is yet to go live on the mainnet; however, the team behind the protocol are working assiduously to ensure the transition from its current Puppynet Testnet to the mainnet takes place as soon as possible.
Shiba Inu and projected trend reversal
As one of the most volatile digital currencies, there is arguably no growth pattern that will be permanent, as far as Shiba Inu is concerned.
As such, we can expect there to be a recovery in both the burn rate and the price of the meme coin as the week journeys on. We can use the extent of last week's milestones to project what might be this week and, as such, the SHIB burn rate is expected to beat the more than four billion tokens sent to dead wallets last week, as reported by U.Today.
#SHIBAINU #MEMECOINS #BinanceTournament
PEPE Whales Propel Meme Coin to a Striking 13% Surge in 24 Hours!
PEIn a whirlwind of market activity, PEPE whales have emerged as prominent players in the meme coin arena, triggering a remarkable 13% surge in PEPE's price over the past 24 hours. After a period of consolidation lasting more than a month, the meme coin adorned with the beloved internet frog avatar experienced a sharp decline, following in the footsteps of Bitcoin and Ethereum. However, a recent upward trajectory has investors hopeful for a potential retest of previous highs, thanks to the notable moves made by two influential PEPE whales.
PEPE Whales Drive the Surge:
Fueling the recent surge in PEPE's price are two prominent investors known as PEPE whales, whose actions are closely monitored by the Twitter account Lookonchain, dedicated to tracking smart-money activities. The first whale, operating under the alias "yougetnothing.eth," has shown enthusiasm for altcoin trading in recent months. This savvy investor made a substantial purchase of approximately 874 billion PEPE using 600 ETH (valued at $1.12 million). With the meme coin's price at around $0.000001280 during the transaction, this whale has already realized a significant profit of over 9%.
The second whale, while a bit slower to act, also made a noteworthy move by acquiring 658 billion PEPE with 500 ETH (worth $938,000) when the meme coin was trading at around $0.000001360. Though their gains currently stand at a respectable 3%, they fall short compared to the impressive returns of the first whale. #DOGECOIN $DOGE #ETH $ETH
PEPE's Recent Performance:
The recent upswing in PEPE's fortunes coincides with a bullish run for the original meme coin, Dogecoin, which has seen a remarkable 15% gain in recent times. Despite PEPE still being in the red over the past week, the sharp 13% surge has significantly improved its standing in the wider cryptocurrency market. As of now, PEPE holds the 71st spot on the market cap list, with a total valuation of approximately $552 million. #PEPE #PEPECOIN $PEPE #MEMECOINS
Current Price and Expectations:
At the time of writing, PEPE is trading around $0.000001400, reflecting the substantial 13% growth experienced in the last 24 hours. The cryptocurrency community is eagerly waiting to see if this momentum can be sustained and whether PEPE can reclaim its former glory in the days to come. As the PEPE whales continue to make waves in the market, the future of this beloved internet frog-adorned meme coin remains uncertain but filled with hope for potential gains.
PEPE Whales Drive the Surge:
Fueling the recent surge in PEPE's price are two prominent investors known as PEPE whales, whose actions are closely monitored by the Twitter account Lookonchain, dedicated to tracking smart-money activities. The first whale, operating under the alias "yougetnothing.eth," has shown enthusiasm for altcoin trading in recent months. This savvy investor made a substantial purchase of approximately 874 billion PEPE using 600 ETH (valued at $1.12 million). With the meme coin's price at around $0.000001280 during the transaction, this whale has already realized a significant profit of over 9%.
The second whale, while a bit slower to act, also made a noteworthy move by acquiring 658 billion PEPE with 500 ETH (worth $938,000) when the meme coin was trading at around $0.000001360. Though their gains currently stand at a respectable 3%, they fall short compared to the impressive returns of the first whale. #DOGECOIN $DOGE #ETH $ETH
PEPE's Recent Performance:
The recent upswing in PEPE's fortunes coincides with a bullish run for the original meme coin, Dogecoin, which has seen a remarkable 15% gain in recent times. Despite PEPE still being in the red over the past week, the sharp 13% surge has significantly improved its standing in the wider cryptocurrency market. As of now, PEPE holds the 71st spot on the market cap list, with a total valuation of approximately $552 million. #PEPE #PEPECOIN $PEPE #MEMECOINS
Current Price and Expectations:
At the time of writing, PEPE is trading around $0.000001400, reflecting the substantial 13% growth experienced in the last 24 hours. The cryptocurrency community is eagerly waiting to see if this momentum can be sustained and whether PEPE can reclaim its former glory in the days to come. As the PEPE whales continue to make waves in the market, the future of this beloved internet frog-adorned meme coin remains uncertain but filled with hope for potential gains.
Morning News: Market Stability Amidst Gary Gensler's Controversies; Growth of MEME and AI Tokens.
Good morning, and welcome to "Morning Crypto News." Today, we bring you the latest updates from the cryptocurrency market, where stability prevails despite some noteworthy developments. Let's dive in!
Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), the major players in the crypto space, are experiencing minor oscillations, remaining relatively stable at the start of the day. While market uncertainties loom, these cryptocurrencies continue to hold their ground.
However, amidst this market tranquility, the cryptocurrency community is abuzz with controversial remarks made by Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC). Gensler's recent comments have ignited a heated debate within the industry. He stated, "We don't need cryptocurrencies," opening a free war against the crypto space, criticizing the crypto industry's compliance with regulations, and expressing concerns about the combination of functions seen in crypto exchanges. Gensler drew a hypothetical parallel with traditional finance, citing the New York Stock Exchange operating a hedge fund.
As Gensler's remarks continue to reverberate within the crypto community, the market presents an interesting contrast. While the major cryptocurrencies maintain their stability, it's the meme tokens that are capturing attention with their impressive growth.
Among the gainers of the day in the Binance Top Gainers list, we find notable meme tokens showcasing significant surges with almost 200% up.
While the market remains stable overall, the ongoing debates surrounding cryptocurrency regulations and the growing popularity of meme tokens add an extra layer of intrigue to the crypto landscape. It is essential for investors and industry observers to closely monitor these developments and their potential impacts on the broader market.
That concludes our morning crypto news update. Stay tuned for further updates, follow me, and post your questions here throughout the day as we continue to track the latest trends and events in the dynamic world of cryptocurrencies.
#BTC #Binance #MEMECOINS
Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), the major players in the crypto space, are experiencing minor oscillations, remaining relatively stable at the start of the day. While market uncertainties loom, these cryptocurrencies continue to hold their ground.
However, amidst this market tranquility, the cryptocurrency community is abuzz with controversial remarks made by Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC). Gensler's recent comments have ignited a heated debate within the industry. He stated, "We don't need cryptocurrencies," opening a free war against the crypto space, criticizing the crypto industry's compliance with regulations, and expressing concerns about the combination of functions seen in crypto exchanges. Gensler drew a hypothetical parallel with traditional finance, citing the New York Stock Exchange operating a hedge fund.
As Gensler's remarks continue to reverberate within the crypto community, the market presents an interesting contrast. While the major cryptocurrencies maintain their stability, it's the meme tokens that are capturing attention with their impressive growth.
Among the gainers of the day in the Binance Top Gainers list, we find notable meme tokens showcasing significant surges with almost 200% up.
While the market remains stable overall, the ongoing debates surrounding cryptocurrency regulations and the growing popularity of meme tokens add an extra layer of intrigue to the crypto landscape. It is essential for investors and industry observers to closely monitor these developments and their potential impacts on the broader market.
That concludes our morning crypto news update. Stay tuned for further updates, follow me, and post your questions here throughout the day as we continue to track the latest trends and events in the dynamic world of cryptocurrencies.
#BTC #Binance #MEMECOINS
The Battle of Meme Coins: Pepe (PEPE) vs. Dogecoin (DOGE)
In the realm of meme coins, a fierce debate is unfolding between two popular contenders: Pepe (PEPE) and Dogecoin (DOGE). Crypto analyst Miles Deutscher predicts that Pepe could outperform Dogecoin in the next cycle, presenting three key arguments to support his stance. On the other hand, pseudonymous crypto analyst "Tree of Alpha" holds a bearish outlook on all meme coins trading against DOGE, viewing it as the original meme coin. As the crypto market gears up for the next phase, the outcome of this battle will unveil the unpredictable and speculative nature of meme coins. #PEPE #DOGECOIN $PEPE $DOGE #MEMECOINS
Underwater Thesis:
Deutscher introduces the "Underwater Thesis" as his first argument, suggesting that PEPE holders are in a better position than DOGE holders. This implies that there may be less selling pressure on PEPE as it rises, requiring lower multiples to reach its previous all-time high compared to DOGE. If this holds true, Pepe may have an advantage over Dogecoin in terms of price performance.
Freshness of the Meme:
The second point highlighted by Deutscher revolves around the appeal of the memes associated with PEPE and DOGE. Deutscher believes that the allure of the DOGE meme has waned over time, while Pepe still retains a sense of novelty and organic popularity. If the meme factor plays a significant role in the success of meme coins, this could favor Pepe over Dogecoin in the upcoming cycle.
Market Cap and Liquidity: Deutscher also emphasizes the substantial difference in market capitalization between Pepe and Dogecoin. This discrepancy suggests that less liquidity would be required to influence the price of PEPE compared to DOGE. Consequently, PEPE might be more responsive to market movements and potentially experience greater price volatility, which could present opportunities for traders.
Counterargument - Tree of Alpha:
In contrast to Deutscher's optimism, pseudonymous crypto analyst "Tree of Alpha" holds a bearish outlook on all meme coins trading against DOGE. According to Tree of Alpha, DOGE, being the original meme coin, holds a special status in the market. Copycats such as SHIB, PEPE, and FLOKI are viewed as destined to trend towards zero on the DOGE ratio. This perspective challenges the notion that Pepe or any other meme coin can surpass the dominance of Dogecoin.
In Summary:
The debate between Pepe and Dogecoin exemplifies the unpredictable and speculative nature of meme coins within the cryptocurrency market. While Deutscher argues in favor of Pepe, pointing to the "Underwater Thesis," the freshness of the meme, and the difference in market cap, Tree of Alpha offers a contrasting viewpoint, suggesting that Dogecoin's status as the original meme coin gives it a significant advantage. As the crypto market eagerly awaits the next cycle, the eventual winner of this battle will shed light on the future trajectory of meme coins and their enduring appeal.
Underwater Thesis:
Deutscher introduces the "Underwater Thesis" as his first argument, suggesting that PEPE holders are in a better position than DOGE holders. This implies that there may be less selling pressure on PEPE as it rises, requiring lower multiples to reach its previous all-time high compared to DOGE. If this holds true, Pepe may have an advantage over Dogecoin in terms of price performance.
Freshness of the Meme:
The second point highlighted by Deutscher revolves around the appeal of the memes associated with PEPE and DOGE. Deutscher believes that the allure of the DOGE meme has waned over time, while Pepe still retains a sense of novelty and organic popularity. If the meme factor plays a significant role in the success of meme coins, this could favor Pepe over Dogecoin in the upcoming cycle.
Market Cap and Liquidity: Deutscher also emphasizes the substantial difference in market capitalization between Pepe and Dogecoin. This discrepancy suggests that less liquidity would be required to influence the price of PEPE compared to DOGE. Consequently, PEPE might be more responsive to market movements and potentially experience greater price volatility, which could present opportunities for traders.
Counterargument - Tree of Alpha:
In contrast to Deutscher's optimism, pseudonymous crypto analyst "Tree of Alpha" holds a bearish outlook on all meme coins trading against DOGE. According to Tree of Alpha, DOGE, being the original meme coin, holds a special status in the market. Copycats such as SHIB, PEPE, and FLOKI are viewed as destined to trend towards zero on the DOGE ratio. This perspective challenges the notion that Pepe or any other meme coin can surpass the dominance of Dogecoin.
In Summary:
The debate between Pepe and Dogecoin exemplifies the unpredictable and speculative nature of meme coins within the cryptocurrency market. While Deutscher argues in favor of Pepe, pointing to the "Underwater Thesis," the freshness of the meme, and the difference in market cap, Tree of Alpha offers a contrasting viewpoint, suggesting that Dogecoin's status as the original meme coin gives it a significant advantage. As the crypto market eagerly awaits the next cycle, the eventual winner of this battle will shed light on the future trajectory of meme coins and their enduring appeal.
