Crypto Blog
With the top 100 meme coins posting massive gains over the past week, the on-chain data suggests that profits are swiftly flowing into speculative assets with limited liquidity.The OG meme coin – Dogecoin – surged by over 23% during the same period, catapulting its price to $0.188. Over the past 24 hours alone, the token gained approximately 10%.
PEPE, the third-largest meme coin by market cap according to CoinMarketCap, was up by 51.17% over the past week. The latest price action has extended its monthly gains to nearly 825%, even as whales took FLOKI – the fifth largest meme coin – has gained almost 130% in the past week. A factor that could have contributed to the impressive price surge might be the Floki DAO’sto burn more than 190 billion tokens. This move effectively reduces the available supply of FLOKI in circulation, which could lead to an increase in its value due to heightened scarcity, provided that demand remains stable or rises.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
7 Signals the Bitcoin Bull Run Has Room to Run After $70,000 (Opinion)Crypto Blog
Read more »
Bitcoin Might Be Gearing for Epic Bull Run After $70,000 Hit, Analyst Gives ReasonsBitcoin at $100,000 projections seemingly becoming more realistic in options market
Read more »
Current Bitcoin Bull Run Is Breeding Millionaire Whales Slower: KaikoAccording to data tracked by Kaiko, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily. The number is significantly lower than the last bull run, which bred over 4,000 millionaire wallets per day and over 2,000 wallets with a $10 million balance per day.
Read more »
Bitcoin (BTC) Preparing for Next Parabolic Run, Say AnalystsRenowned analysts believe that Bitcoin is on verge of another monumental bull run
Read more »
Predictions Suggest Pepe Coin Could Lead the Next Bull RunPredictions suggest that the frog-themed Pepe Coin (PEPE) could be the best-performing meme coin during the potential bull run of 2024-2025. The trader Andrew Kang believes that the success of Dogecoin (DOGE) in the previous bull cycle might have been fueled by Elon Musk's support and urges him to get involved with PEPE.
Read more »
Here’s When the Ripple (XRP) Bull Run Might Lead to a New ATH: AnalystsCrypto Blog
Read more »