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....
After a two-month-long downfall, which saw the total market cap of the top meme coins fall from $116.6B to just $40B, the meme coin market is up and running again. It has gained a staggering 45% in market cap in around three weeks. The larger crypto market is green, too, with the granddaddy of all cryptocurrencies, Bitcoin, climbing over $95K. It’s now within touching distance of its all-time high of $109K. Moreover, last week, Bitcoin ETFs experienced their largest inflows ($3B) since December. Plus, according to a recent forecast by financial services company Standard Chartered, we....
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 […]
The meme coin industry has been rather quiet in the last couple of months. However, analysts believe this is just a brief cool-off before the next meme coin supercycle begins. A meme coin supercycle is a market phenomenon in which several meme coins see exponential growth in a short period of time. This growth results from bullish market sentiment, social media trends, hype, and cultural relevance. Instead of relying on strong technical and fundamental metrics, meme coins derive their value from community perception. Their ethos is, ‘It doesn’t have to make sense to make you....
What happens when you mix Elon Musk, Vine, and Solana? Apparently, meme coin madness. After Musk cheekily hinted on X at bringing back Vine – the short-form video app that many still mourn – crypto traders did what they do best. They aped into anything that felt remotely related. And naturally, one Solana-based meme coin […]