Brazil’s $90B Crypto Inflows to Create Meme Coin Hype for Altcoins like Best ...
Gabriel Galipolo, Brazil’s Central Bank chief, said in a recent event that the use of crypto has surged in the country during the last two or three years. Interestingly, 90% of the country’s crypto volume is linked to stablecoins. Galipolo also expressed concerns regarding taxation and money laundering that come with the excessive use of crypto. Stablecoins are tied to real-world assets such as fiat currencies or commodities and hence are less volatile than altcoins. They act as a like-to-like alternative to paper currencies and have allowed businesses to make easy cross-border payments.....
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When it comes to finding a project likely to 10x, new meme coins tend to be a great choice. Fueled by hype following the rise to fame of Dogecoin and Shiba Inu, meme coins often offer massive upside potential. Throughout this article, we’ll be taking a close look at the best meme coin of the year, explaining why it’s likely to explode, and detailing the process of purchasing it. Let’s take a look. The Best New Meme Coin to 10x – Our #1 Pick Not every project is equal. However, we’re happy to say that we’ve managed to locate the best new meme coin on the market. We’ve included a quick....
Baby Doge, a precocious meme coin spawn off from Dogecoin, has seen a 40% price loss in just a week. The coin which came into prominence after the Elon Musk tweet has now seen massive price dips as the hype dies down. The price of the coin has continuously since it peaked back at the […]
Cardano has flexed its muscles in the latest iteration of inflows coming into the market. Inflows have been steady the past couple of months, currently at 13 consecutive weeks of inflows for the market. Bitcoin and altcoins alike have benefited from the inflows which have indicated institutional interest piquing in the market. However, Cardano looks to have enjoyed the most benefits amongst the altcoins from last week’s inflows. Cardano Leading The Pack Cardano saw positive inflows for last week which put it ahead of other altcoins. Total inflows for the week had come out to $151 million....
Cardano and Solana have led the charge of altcoins in the recent round of inflows into the crypto market. Altcoins saw increased inflows alongside bitcoin, which had seen increasing interest from investors after the first bitcoin ETF had been approved and began trading last week. Last week recorded the highest amount of institutional inflows coming into the market. Institutional investors are now upping their stake in the market with the recent gains recorded across the market. Most notably has been the price of bitcoin which had broken a new all-time high following the trading of the....
Shiba Inu has been one of the worst-hit in the crypto market retracement. Like any other meme coin, SHIB is highly volatile, following the hype, and once the hype had begun to die down, the price followed swiftly. SHIB, which was once in the top 10 cryptocurrencies by market cap after a tremendous rally in […]