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Memecoins

Myro Token Surges to Top 3 Memecoins on SolanaMyro ($MYRO) has emerged as a formidable player, claiming its spot as the third-largest memecoin on the Solana blockchain. The token's recent surge to an all-time high (ATH) of $0.2607 within a short timeframe has turned heads, marking a remarkable journey from obscurity to prominence. This article explores the factors behind Myro's meteoric rise and the unique milestones that set it apart in the competitive world of memecoins. The Solana Connection: $Myro's success is intricately linked to the broader positive sentiment surrounding the Solana protocol. The third quarter of 2023 witnessed a resurgence in the uptrend of $BONK, sparking increased interest in alternative memecoins within the Solana ecosystem. $Myro, making its debut on Solana last year, quickly captured the imagination of traders, with its name inspired by the dog of Solana co-founder Raj Gokal. Impressive Growth Trajectory: From its humble beginnings at $0.001995 on November 14, 2023, Myro has experienced an extraordinary surge of over 1,100%, reaching its ATH of $0.2607 just hours before the time of writing. This growth trajectory positions Myro as the fifth-largest memecoin by 24-hour trading volume, with an impressive $88,795,158 in trade. Only Dogecoin (DOGE), Shiba Inu (SHIB), BONK, and Dogwifhat (WIF) precede $Myro in this ranking, underscoring its newfound prominence in the market. Unique Market Position: Myro's ascent to the top is further highlighted by its ability to flip PEPE in trading volume, showcasing sustained interest and investor confidence. The memecoin's performance stands out, especially considering the volatility inherent in the memecoin space. The Solana Mobile Incentive: A noteworthy aspect contributing to Myro's recent frenzy is its potential association with the announced Solana Mobile upgrade. The prospect of securing a Solana Mobile phone has already garnered over 30,000 pre-orders within a mere 24 hours. The incentive lies in the possibility of airdrops for phone holders from projects within the Solana ecosystem. This particular feature has caught the attention of memecoin farmers, adding a unique dimension to Myro's acclaim. Social Media Buzz: Myro's growing popularity is further evident in its remarkable surge in social media mentions, propelling it to trend on various platforms. The community's enthusiasm and engagement contribute to the memecoin's overall appeal, fostering a sense of community around the Myro brand. Conclusion: Myro's journey to becoming the third-largest memecoin on Solana is a testament to the dynamic nature of the cryptocurrency market. Its unique milestones, coupled with the positive outlook of the Solana protocol and the potential impact of the Solana Mobile upgrade, position Myro as a noteworthy player in the ever-expanding memecoin landscape.
Long
by DEXWireNews
Robinhood's $SHIB Purchase Send Shockwaves Through Crypto MarketPopular American exchange Robinhood has made a bold move by acquiring a staggering 202 billion Shiba Inu ( CRYPTOCAP:SHIB ) tokens in less than 24 hours. This unprecedented buying spree positions Robinhood as the fourth largest custodian of Shiba Inu, trailing behind Binance, Crypto.com, and the mysterious black hole wallet associated with the original Shiba Inu project. The move has not only caught the attention of the crypto community but has also sparked discussions about the potential implications for Shiba Inu's future and the broader cryptocurrency market. Robinhood's Growing Influence: The acquisition by Robinhood now means that the platform holds approximately 2% of SHIB's circulating supply. This significant ownership stake raises questions about Robinhood's strategic vision for Shiba Inu and its potential impact on the token's market dynamics. The move is particularly noteworthy as it comes amidst a period of price stagnation for CRYPTOCAP:SHIB , with the token slipping below 1% following a week-long correction in the overall crypto market. Vitalik Buterin's Legacy and CRYPTOCAP:SHIB 's Circulating Supply: It's crucial to revisit the project's history, especially Vitalik Buterin's use of the dead wallet address to burn $6.7 billion in Shiba Inu tokens nearly three years ago. This altruistic act, which removed approximately half of CRYPTOCAP:SHIB 's supply from circulation, still resonates on the blockchain, constituting 41.04% of the total supply. The current ownership dynamics, with Robinhood emerging as a major custodian, adds a new layer to Shiba Inu's evolving narrative. Crypto Whales in Action: The article further explores other notable transactions within the Shiba Inu ecosystem, shedding light on the actions of crypto entrepreneur Justin Sun. SpotOnChain, a blockchain whale-watching agency, reveals Sun's recent move to cash out 79.334 billion CRYPTOCAP:SHIB tokens from Binance to a decentralized wallet on-chain. This follows his substantial withdrawal of 500 billion CRYPTOCAP:SHIB coins just last month, indicating an intriguing accumulation phase for the crypto billionaire. Market Reversal and Long-Term Investment Potential: As the crypto community closely monitors these whale movements, there's a recognition that such actions often precede price trend reversals. Additionally, the article underscores the significance of these moves in assessing the long-term investment potential of Shiba Inu. While some crypto whales accumulate CRYPTOCAP:SHIB in response to positive developments like the acceptance of Bitcoin exchange-traded funds (ETFs), it's essential to note the current negative correlation between Shiba Inu and Bitcoin prices, as highlighted by blockchain data analysis platform IntoTheBlock. Conclusion: Robinhood's substantial acquisition of Shiba Inu tokens has injected fresh energy into the Shiba Inu ecosystem, prompting speculation and discussions within the crypto community. The article dives into the historical context, market dynamics, and the actions of key players like Justin Sun, providing readers with a comprehensive understanding of the current state of Shiba Inu and its potential trajectory in the ever-evolving cryptocurrency landscape.
by DEXWireNews
1
BONK is Ready to Pump again🚀🦊There has been a lot of talk about memecoin BONK these few days (it has given about ➕ 700% profit in the last 30 days), so I decided to analyze the chart of this token for you in a 15-minute time frame. Maybe we can still make a profit from it. 📚 What Is Bonk (BONK) ❗️❓ 🔸 According to the one-pager, BONK is the first dog-themed coin on Solana "for the people, by the people" with 50% of the total supply of the cryptocurrency airdropped to the Solana community. BONK is similar to Shiba Inu (SHIB) and Dogecoin (DOGE) memecoins, it was launched on December 25, 2022, and led to an increase in the price of the SOL token (a rise of 34% in 48 hours). Trading began on December 30, 2022, arousing genuine interest from the crypto community. 🔸The main goal of the team is to bring back liquidity to Solana-based decentralized exchanges (DEXs). The idea of the developers was to create a full-fledged community coin that will be used across all the dApps built on Solana, and each user will have the opportunity to become part of the ecosystem, "where everyone gets a fair shot". 🔸BONK was airdropped randomly to Solana NFT collectors, developers, and artists, other airdrop details remain unknown. 💡It was just 11 days ago that Anatoly Yakovenko , one of the founders of Solana Labs , expressed his regret that the company's Saga mobile phones were NOT sold. However, the company's official account announced today that all Saga mobile phones have been sold in the US , with only a few remaining in Europe . Referring to the amount of BONK tokens that each buyer of Solana's mobile phone will receive, Steven Zheng , director of research, said yesterday: "They want to buy Solana's phone Because the value of the BONK tokens they receive will soon be more than the phone itself. 📉From the point of view of technical analysis , it seems that the BONK token is moving in a Descending Channel . 💡 BONK also seems to be completing a 🦋 Bullish Butterfly Harmonic Pattern 🦋 near the 🟢 Support zone 🟢 and Support lines . 🔔I expect BONK to break the upper line of the descending channel after the Bullish Butterfly Harmonic Pattern completes [in 🟡 Time Reversal Zone(TRZ) 🟡] and at least rise( ➕40% ) to the 🔴 Resistance zone 🔴. ❗️⚠️Note⚠️❗️: In general, try to risk less capital on Memecoins. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bonk Analyze (BONKUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
11
PolyDoge review (memecoin)First of all, I think it's important to point out that I don't invest in meme-coins and I don't see any value in it. This is just an analysis with a more humorous and entertaining content, which I did in my free coffee time. I would never put my life savings in such a place... Asterisks aside, let's get to the analysis. A brief introduction PolyDoge is a memecoin token contained on the Polygon blockchain. It offers an ecosystem of NFTs, Dapps and airdrops. Source: Polydoge website Price analysis Price is above a diagonal support line. If I were to position myself on this, I would aim for a profit of at least 40% touching the diagonal resistance line. Looking at a lower timeframe, we could place a tighter stop or target: "There is no expensive stop, what exists is bad risk management".
Long
by andre_007
4
Why Penny Cryptos are LETHAL for TradersCryptocurrencies are often likened to the Wild West. They are untamed, unregulated, and packed with potential riches. However, they are also fraught with hidden dangers and potential pitfalls. One such peril lies in the world of penny cryptos. They’re cheap, super volatile, and they attract the minds of those who want a quick fortune. This is similar to a gambling mentality. And You don’t want to go down this rabbit hole. Once you get in, you find every reason to hold. You build so much trust, prospects and hope with them. You might as well marry them and expect the inevitable divorce which will rob you of your money. Anyways, penny cryptos are lethal, and here’s why. #1: Huge Volatility with Major Fluctuations Imagine being on a roller coaster that has extreme highs and drastic lows. One moment, you’re at the peak, enjoying a scenic view. The next you’re plunging into a scary abyss. That’s the world of penny cryptos. Penny Cryptos are definitely like the wild wild west. They swing drastically in value. This is because of the low value of the currency. #2: Issued by Small Companies with Little Experience and Knowledge If the financial world was an ocean, penny cryptos would be the tiny, uncharted islands you might stumble upon. The kind of islands that do not inhabit life and have erratic waves completely wash over it on a sporadic basis. Well, in the deep ocean of crypto currencies, Penny Cryptos are these tiny pebbles. Most times they’re issued by small, relatively unknown companies. Sometimes they are issued by children in their parents basements. Sometimes they are issued by gamers who don’t want to work for a living. Sometimes they are issued by Only Fans sexy girls who flaunt their bits and believe their currency will go up in value (amongst other things). Anyways, Penny Cryptos (unlike Penny Stocks) lack the experience, credibility, intangible asset value and knowledge to navigate the tumultuous shitty penny cryptos. In fact, they call many of these Penny Cryptos Shit Coins – No joke! Such companies often struggle with regulatory hurdles, lack of funding, and poor management, making their cryptocurrencies extremely risky ventures. #3: High Target of Scams and Fraud and Even Ponzi Schemes Penny cryptos can sometimes be the financial equivalent of snake oil salesmen. Their low cost and relative anonymity make them the perfect target for scams, fraud, and even Ponzi schemes. And you know how messed up the world is and what kind of trash people there are. And so, they are Penny Crypto con artists who try to sell their shitty coins only to lead to either a pump-and-dump scheme. Or to fake an ICOs Initial Coin Offering) gather a whole bunch of money from investors, then make a run for it. Please don’t fall for these scams! #4: Illiquid and Low Volume Which Will be Difficult to Get in and Out One of the most lethal attributes of penny cryptos is their lack of liquidity. Liquidity, in the financial sense, is like the exit doors in a movie theater. The more doors there are, the easier it is for people to leave when the movie is over. In the world of penny cryptos, these exit doors are often few and far between. Due to their low volume, buying and selling penny cryptos can be incredibly difficult. If you’ve invested in a penny crypto and its value begins to plummet, you may find yourself trapped, unable to sell and cut your losses. And you’ll just be stuck in your trade for years on end, while it gathers digital dust. #5: More Likely to Hit 0 as They are Less Trusted by the Public Trust is like the foundation of a house. If it’s strong and solid, the house stands tall. If it’s weak or non-existent, the house collapses. Given the factors I mentioned above, should be enough to make you realise. Any one of these weaknesses with a coin, can lead to a crash down to 0. And believe you me, most of the millions of Penny Cryptos that are around today – will be nothing more than a remnant of a memory in the future.
Education
by Timonrosso
🚀GRIMACE to the MarsTake a closer look at $GRIMACE right now Short-term local forecast This trading idea is based on a commonly observed behavior of meme coins. After an initial surge, the coin tends to consolidate for a few weeks, undergoing redistribution and position accumulation. Here are some arguments in favor of the asset's potential growth towards the first target ($10): After trading in a deep discount zone, significant players start accumulating positions. We can observe a gradual reduction in local liquidity from decreasing lows. Referring to the basics of technical analysis: A Wyckoff pattern is apparent, with an UpThrust (UT) observed - a liquidity shakeout from the previous high. This forms new liquidity for further growth. Next, it is necessary to test the support in the form of an OB (Overbought) area. Here, a Spring will be formed - a local liquidity shakeout before mark-up. It is characterized by lower volumes, and the decrease to the specified values may take some time. Local reverse bull divergence and direct bear divergence in local highs indicate buyer weakness, providing another argument in favor of a short-term asset devaluation.
GLong
by glebeb
1
PEPEUSD: Hit the 1D MA50 again. Watch those buy levels.The memecoin PEPEUSD hit today the 1D MA50 on a historic first time. That is enough to turn the 1D timeframe neutral (RSI = 54.982, MACD = 0.000, ADX = 27.672) which means that the trend might be changing but there is no confirmation yet so we need to proceed with caution. We are willing to buy only above the 0.236 Fibonacci level or after a pullback to the 4H MA200. After all, we are forming today the 1st MA50-100 Bullish Cross on the 4H time frame. In both cases our target will be the 0.382 Fibonacci (TP = 0.0000022000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:PEPEUSDLong
by InvestingScope
8
$BTC looks good. Another $ call on direction. What now?CRYPTOCAP:BTC is PUSHING over 1k at the moment. #bitcoin volume is HEALTHY as well. We called the short term top BEFORE it happened. We called "bottom" BEFORE it happened. 28k is going to be tough but in my opinion it will eventually break. Also said CRYPTOCAP:ETH was waking up. Moving a bit last couple days. For some time stated that #altcoins looked weak. BEFORE all the fud. That's why, PERSONALLY, been doing mostly leveraged #BTC & #memecoins.
CME:BTC1!
by ROYAL_OAK_INC
MIMIR : MEME COIN THAT CAN SHOW VOLUME $1? long term This coin have low supply with max 100M further a coin that did breakdown before, and last times it seems that its making a new entry zone. We are following to see if this new zone can get volume, what will allow this coin to breakout. This week is an meme update week, this update should not be seeing as investments since the high risk of it. We just follow the trend of this meme coins with no further finance advice. ( the most risky coins in the markets are meme coins) High reward, high risk. The big question is this coin able to gain $1 long term with this supply its never good idea to invest fully on coins that are not known as this one. This is a high risk meme coin. This week sharing some meme coins that can move, more on study side, but it means not that it should happen.
Long
by Goldenbreakout
Meme coinsIntroducing Meme-Coin Perspectives: Discovering the Art of Folly. Are you familiar with the ubiquitous X's on Pepe, Doge, Shiba, and the like? These symbols have permeated the world of meme-coins, capturing the attention of many. Now, let's delve into a captivating speculative concept known as the "Big Fool's Theory." Picture this: you knowingly acquire something seemingly worthless, fully aware that a bigger fool will emerge to purchase it at a higher price. In simpler terms, you anticipate someone eagerly buying an unnecessary wrapper at an exorbitant cost. What lies in store for those who embark on this venture? The allure stems from witnessing numerous individuals amassing fortunes out of thin air. As a result, a fiery blend of FOMO and curiosity engulfs the hearts of onlookers, compelling them to impulsively dive into the realm of memecoins. They yearn to emulate someone else's triumph or, perhaps, acquire a memecoin that has been resold countless times, now soaring at its zenith. Amusingly, some proponents extol the virtues of these whimsical tokens. When questioned about the benefits of such projects or their potential for growth, the answer is often a resounding, "someone else will buy." This prompts us to ponder: how does this fundamentally differ from a casino? In conclusion, the question remains: Can one truly profit by embracing the Big Fool's Theory, banking on the existence of a fool willing to pay a higher price? The resounding answer is yes. Yet, pause for a moment and contemplate: Could you, in turn, become that very fool? Best regards EXCAVO
Short
by EXCAVO
52