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Elon Musk Continues to Profit: “Meme Coin” Sharing Brings a 730x Rise! Billionaire #ElonMusk caused some altcoins to rise 73,000% with a single social media post #ElonMusk , who somehow influences the cryptocurrency market with every step he takes, did not remain idle again. When the billionaire included a small play on words in his post on November 23, market speculators took this as an opportunity and created new altcoins. Musk said the following in the post in question: Met a meta metameme? While the tokens named "metameme", which were released after Musk's post, rose in a short time, one of them created surprise with an increase of 73,428%. This altcoin, which was launched on the #Ethereum network and traded on Uniswap (UNI), reached the 0.000003764 band in a short time from its launch price of 0.000000003833. The project, which fell as quickly as it rose, is traded at $0.000001452. Although there were increases in a number of altcoins launched on different networks with similar names, they all generally remained in the 100-300% range and could not make as much profit as this project on Uniswap. None of these projects have audit approval and appear to be very weak in terms of liquidity. #Musk ignited similar rises with another post he made recently. $BTC $ETH

Elon Musk Continues to Profit: “Meme Coin” Sharing Brings a 730x Rise!

Billionaire #ElonMusk caused some altcoins to rise 73,000% with a single social media post

#ElonMusk , who somehow influences the cryptocurrency market with every step he takes, did not remain idle again. When the billionaire included a small play on words in his post on November 23, market speculators took this as an opportunity and created new altcoins. Musk said the following in the post in question:

Met a meta metameme?

While the tokens named "metameme", which were released after Musk's post, rose in a short time, one of them created surprise with an increase of 73,428%.

This altcoin, which was launched on the #Ethereum network and traded on Uniswap (UNI), reached the 0.000003764 band in a short time from its launch price of 0.000000003833. The project, which fell as quickly as it rose, is traded at $0.000001452.

Although there were increases in a number of altcoins launched on different networks with similar names, they all generally remained in the 100-300% range and could not make as much profit as this project on Uniswap.

None of these projects have audit approval and appear to be very weak in terms of liquidity. #Musk ignited similar rises with another post he made recently.

$BTC $ETH

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Dogecoin Sees Increase in Profitable Addresses, Follows Bitcoin. Amid the strong rise in the cryptocurrency market, Dogecoin has emerged as a standout player with a significant majority of its investors making profits. Data from Altindex.com shows that more than 88% of Dogecoin holders were in profit as of last week, positioning the digital currency as the second most profitable currency in terms of investor returns, behind Bitcoin. The meme-inspired cryptocurrency witnessed a significant 146% price increase in the first quarter of 2024, rising from $0.089 to $0.22. This increase added approximately $18.5 billion to Dogecoin's market cap and marked the highest rate of profitable Dogecoin addresses in three years. In particular, large investors, popularly known as "whales", account for more than half of the profitable addresses. Moreover, 61% of Dogecoin holders have maintained their investment for more than a year, demonstrating their long-term confidence in the asset. Compared to other leading cryptocurrencies, Dogecoin's performance is particularly remarkable. According to IntoTheBlock data, Bitcoin remains at the top with 96% of its holders making a profit. Ethereum and TON follow with addresses making profits of 87% and 86%, respectively. Other cryptocurrencies such as Avalanche and Shiba Inu also saw a healthy share of profitable addresses, though less than Dogecoin. The enthusiasm for Dogecoin is also reflected in its transaction volume, which experienced a six-fold increase in the first quarter of 2024. CoinMarketCap reported that $141 billion worth of Dogecoin transactions were made during this period, and $105 billion of this volume occurred in March. $BTC $DOGE
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Ripple CEO Made a Bold Prediction for 2024. The claim that the cryptocurrency market will be 5 trillion dollars The total value of the cryptocurrency market is currently around 2.58 trillion dollars. Garlinghouse claimed that the total value would climb up to 5 trillion dollars in the rest of the year. This means that the total value of cryptocurrencies will double in the next 8 months. What factors did Garlinghouse support his claim? Ripple CEO attributed the claim that the total value will double this year to two main factors. Claiming that macroeconomic factors will continue to support the trend towards the crypto sector, Garlinghouse also thinks that new institutional investors will continue to enter the sector through ETFs. However, it is thought that Bitcoin halving will also contribute to the rise. Brad Garlinghouse said that they have been in the industry for a long time and similar trends have come and gone before. Emphasizing that there are some differences between past periods and the current period, Garlinghouse emphasized that crypto-backed ETFs have started to attract real institutional investors for the first time. This year, when the daily supply of BTC will begin to decrease with the halving, the positive effect of the increase in demand for Bitcoin through ETFs is emphasized. Looking at March data, it is seen that Bitcoin miners produced approximately 28,500 BTC, while over 66 thousand BTC were purchased through spot Bitcoin ETFs. Ripple CEO added that there is no need to be an economist to tell what will happen when demand increases while supply shrinks. As a result, Brad Garlinghouse claims that the crypto market could easily double in value given new trends. Garlinghouse is hopeful for 2024 Claiming that 2024 will be a big year earlier this year, Ripple CEO gave positive signals in XRP. The XRP community welcomed Garlinghouse's words as he said this was the first time he had made such a clear bullish claim. Ripple's recent launch of important projects has the community excited about the future of XRP. $BTC $XRP
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