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đŸ”„đŸ’„VanEck launches MarketVector “MEMECOIN” index to track BONK, FLOKI, DOGE, PEPE, WIF and SHIB tokens VanEck enters the memecoin space with a special tracking index VanEck entered the meme coin arena with an index to track how the best performing Bonk Inu (#BONK ), #Floki Inu (FLOKI) and Dogecoin (#DOGE ) performed against the worst performing Pepe (PEPE), Dogwifhat (WIF) and Shiba Inu (SHIB). Vaneck's MarketVector meme coin index MEMECOIN, popular for its HODL etf, tracks how the industry's six bigwigs are performing on market cap metrics. This weighted methodology will allow the business selection to be measured based on market value parameters. As a risk diversification strategy, the weights of the relevant coins will be limited to 30%. DOGE (30.64%) and SHIB (28.01%) lead the weight of the index. PEPE (14.18%), WIF (13.29%), FLOKI (7.17%) and BONK (6.21%) also took part. Aware that meme coins are a global bombardment point for speculative liquidity, the asset manager issued a disclaimer that “The coins are for entertainment purposes.” This underlines the volatility of the sector and the ease of price fluctuations based on market sentiment. Because of this quality, some believe that cat-themed tokens may soon enter the index. However, Vaneck's MEMECOIN index in itself is an indicator that meme coins are gaining recognition and acceptance in the space. During Token 2049, Tron founder Justin Sun discussed meme coins. In a follow-up post about X, he said, “Meme coins may seem unusual, but they highlight the power of community in crypto.” The sector is steadily turning into a real bona fide cryptocurrency Apr niche on its own. Avalanche Foundation's plans to start investing in the sector's tokens at the end of 2023 have reinforced this rise. #pepe #SHIB

đŸ”„đŸ’„VanEck launches MarketVector “MEMECOIN” index to track BONK, FLOKI, DOGE, PEPE, WIF and SHIB tokens

VanEck enters the memecoin space with a special tracking index

VanEck entered the meme coin arena with an index to track how the best performing Bonk Inu (#BONK ), #Floki Inu (FLOKI) and Dogecoin (#DOGE ) performed against the worst performing Pepe (PEPE), Dogwifhat (WIF) and Shiba Inu (SHIB).

Vaneck's MarketVector meme coin index MEMECOIN, popular for its HODL etf, tracks how the industry's six bigwigs are performing on market cap metrics. This weighted methodology will allow the business selection to be measured based on market value parameters. As a risk diversification strategy, the weights of the relevant coins will be limited to 30%.

DOGE (30.64%) and SHIB (28.01%) lead the weight of the index. PEPE (14.18%), WIF (13.29%), FLOKI (7.17%) and BONK (6.21%) also took part.

Aware that meme coins are a global bombardment point for speculative liquidity, the asset manager issued a disclaimer that “The coins are for entertainment purposes.” This underlines the volatility of the sector and the ease of price fluctuations based on market sentiment. Because of this quality, some believe that cat-themed tokens may soon enter the index.

However, Vaneck's MEMECOIN index in itself is an indicator that meme coins are gaining recognition and acceptance in the space. During Token 2049, Tron founder Justin Sun discussed meme coins. In a follow-up post about X, he said, “Meme coins may seem unusual, but they highlight the power of community in crypto.”

The sector is steadily turning into a real bona fide cryptocurrency Apr niche on its own. Avalanche Foundation's plans to start investing in the sector's tokens at the end of 2023 have reinforced this rise.

#pepe #SHIB

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đŸ”„đŸ•Binance Celebrates Bitcoin Pizza Day with Global Pizza Delivery Campaign in 2010, programmer Laszlo Hanyecz made history by trading 10,000 bitcoins for two pizzas, marking the first documented commercial transaction using the cryptocurrency. Fourteen years later, #Binance , the world's largest cryptocurrency exchange is commemorating this milestone with a global campaign to distribute more than 5,000 pizzas to crypto traders and enthusiasts. Crypto Exchange Binance Plans to Distribute Pizza Worldwide for Bitcoin #pizzaday According to the news sent by Binance, the "Bitcoin Pizza Day" celebrations covering six days from May 17 to May 22 will take place in 20 countries and five continents Bitcoin.com News. Binance plans to host face-to-face pizza parties, distribute private-label pizza vans, and even hire prominent crypto community members to deliver pizzas via Binance-branded scooters. The exchange aims to create engaging moments for consumers and community members to interact with the brand and raise a toast to bitcoin's first real-world purchase. On May 22, 2010, Laszlo Hanyecz traded 10,000 bitcoins for two Papa John's pizzas, marking the first real-world transaction based on #BTC Bitcoin's Pizza Day is an event celebrated around the world. Rachel Conlan, Chief Marketing Officer of Binance, stressed the importance of the event. ”It is very important for us to understand the demands on our users and merchants, which is why we aim to bring the celebration all the way to their doorstep, knowing how busy they are," Conlan said. “With initiatives like this, we are not only celebrating the real-world utility of cryptocurrency, but also meeting the needs of our busy trading community.” During the activations, there will be games and challenges such as “Binance Topping Toss”, “Token Twister” and “BTD (Buy Dip) limbo Bar”, where participants can earn special Binance products. The festivals will start in Thailand, Paris, Dubai, Australia, Mexico, Brazil, Argentina and many other famous regions, as indicated on the stock exchange. #BNB
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đŸ˜±đŸš€đŸš€PEPE & FLOKI Lead the Rally, While Others Follow; Has the Memecoin Mania Began? The $PEPE price is going as per plan after breaking from the bullish flag pattern and is ranging in an ascending pattern. The price has made it above the 1.2 FIB levels at $$0.00001312 and is about to test the higher targets at 1.4 FIB at $0.00001455. Now that market sentiments have turned bullish, the upswing is expected to continue and head towards the next target at 1.6 FIB at $0.00001640. Once these levels are achieved, the rally may ascend to form new highs at $0.00002. On the other hand, the $FLOKI price has broken above the decisive phase and is approaching the crucial resistance zone. Meanwhile, the technicals display a diverse plan in action, which may differ the rally’s upswing for a white. The #floki price had been trading within a deccessive triangle and after maintaining an ascending consolidation, it broke above the resistance. Further, the price also underwent a retracement and a small correction testing the resistance turned to support levels and began ascending towards the upper resistance zone between $0.000254 and $0.000266. On the other hand, the RSI is testing the upper threshold and may soon enter the overbought zone. If the levels sustain within the range, the price is expected to rise above the current highs and form a new ATH above $0.00035, probably before the end of the month. Besides, Dogecoin (DOGE) and Bonk (BONK) prices are also on the rise, which indicates the memecoin season may soon gain momentum. #memecoins #PEPE #altcoins
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