In Brief Solana is experiencing a surge in activity driven by the growing popularity of meme coin thay has pushed transaction fees higher. Over the past week, the high fee situation helped the blockchain network earn over $78 million in fees, surpassing rivals like Ethereum. Market observers have raised concerns about potential congestion and higher…
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In Brief Shiba Inu has formed a cup-and-handle pattern on the daily chart, suggesting a breakout. The Money Flow Index rises, indicating that buying pressure supersedes bearish strenght If sustained, the current bullish momentum could drive SHIB’s price toward $0.000025. Shiba Inu (SHIB) appears ready to extend its recent gains, as the daily technical technical…
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In Brief Following Elon Musk’s outrage over the death of Peanut the Squirrel, the PNUT meme coin hit a $130 million market cap. Data shows that both whales and retail market participants bought into the hype as the meme coin soared in three days. While, PNUT’s price initially hit $0.14, it has retraced and the…
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In Brief Justin Sun’s Tron blockchain has embraced the memecoin trend through its SunPump platform. The platform has already launched over 5,500 memecoins and generated significant TRX revenue. Sun predicts the network will soon see a memecoin with a market cap exceeding $1 billion. Tron, the blockchain founded by Justin Sun, is now embracing…
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In Brief Trump and Musk’s Twitter Spaces talk avoided crypto, disappointing many expecting mentions of Bitcoin or Tesla. MAGA-themed meme coins dropped sharply, with values falling by 15.58% and 27.35% after the talk. Trump’s strategic crypto engagement continues despite avoiding the topic in broad public forums. During a highly anticipated Twitter Spaces conversation on…
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In Brief Donald Trump is confirmed to speak at Bitcoin 2024 in Nashville, sparking crypto market excitement. TrumpCoin (DJT), a newly minted Trump-themed meme coin, surged by 500,000x following the news. The former president’s crypto stance generates both enthusisasm and debate within the community. The organizer of The Bitcoin Conference just announced that former…
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In Brief Shiba Inu’s price has been consolidated for the past month and might continue moving sideways. The meme coin failed to capitalize on the recent meme coin craze due to selling by investors. The altcoin also faces a resistance of $1.54 billion worth of SHIB that would become profitable after a 19% rally. While…
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In Brief Crypto whale invests $10.4 million in PEPE. The transaction includes 1.238 trillion PEPE. PEPE’s value has risen 29.70% last month. A remarkable transaction has shaken the cryptocurrency market as a crypto whale reportedly invested $10.4 million into meme coin PEPE. This substantial investment, unfolding amid a surge in market activity, has triggered intense…
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In Brief Bonk price is in a descending wedge, and the lower trend line will likely be tested again. This would result in a potential 50% drawdown, which broader market cues support. BONK holders are also betting on a price drop since Funding rates are highly negative. Bonk failed to breach a key resistance trend line,…
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In Brief Rekt Fencer reveals a strategy for achieving 1,000X gains through meme coin trading, focusing on ‘sniping’ new token launches. Utilizes meticulous market analysis and tools like DEX Screener and sniper bots to identify and secure potentially lucrative investments. Despite potential high returns, Fencer’s method involves risks and requires careful verification of token security…
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