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Memecoin

Binance Adds POPCAT & MEW to Futures Copy Trading: Will Prices Rally?

by Ouess
written by Ouess

This week, Binance revealed a major update for fans of Solana-based meme coins. On November 5, Binance announced it would add meme coins POPCAT and MEW (also known as Cat in a Dog’s World) to its futures copy trading platform, sparking excitement among traders who hope these new listings will drive prices higher.

Here’s a closer look at what this could mean for the market.

Enhanced Trading for Solana Meme Coins

Binance’s update includes adding USD-Margined perpetual contracts for POPCAT and MEW, making them available in the futures copy trading division. This feature allows users to mirror the portfolios of experienced traders in real time, potentially benefiting new investors and sparking optimism around these meme coins.

The addition of perpetual contracts for these tokens could create a significant shift. As more users enter the platform to trade based on top portfolios, the buying pressure on POPCAT and MEW may lead to bullish momentum, according to some analysts.

POPCAT and MEW Prices Show Early Gains

Following Binance’s announcement, POPCAT’s price rose nearly 4%, hitting $1.30, with daily highs and lows between $1.19 and $1.31. MEW saw a similar trend, gaining close to 2% and trading around $0.008332. These price moves align with Binance’s decision to list these Solana meme coins, creating interest among both new and experienced traders.

POPCAT USDT hourly chart Source : TradingView

This isn’t the first time Binance’s platform changes have influenced Solana meme coins. Recently, the addition of another token, PONKE, led to a temporary price upswing. Although PONKE is currently down about 4%, Binance’s moves have generated excitement about meme coin trends.

MEW USDT Hourly chart Source : TradingView

Will Solana Meme Coins Continue to Rally?

Alongside Binance’s new listings, reports indicate meme coin prices may remain volatile. GOAT, another Solana-based token, saw weekly gains close to 200% after being listed in Binance’s futures division. With strong market interest in meme coins, analysts are watching closely to see if the momentum for POPCAT and MEW continues.

As Binance expands its futures copy trading offerings, traders remain cautiously optimistic, waiting to see if POPCAT and MEW will reach new highs in the days ahead.

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Story

Crypto Investor Earns $3.9M in Six Days Trading Goatseus Maximus

by Ouess
written by Ouess

A crypto investor has stunned the market by earning $3.9 million in just six days, thanks to smart trading on the meme token Goatseus Maximus (GOAT). This highlights how meme coins, driven by market sentiment, can offer substantial gains for investors who identify trends early.

Goatseus Maximus (GOAT) Hits All-Time High

The recently launched meme token Goatseus Maximus (GOAT) has caught the attention of the crypto world. With a 285% price surge in the past seven days, the token reached a new all-time high (ATH) of $0.3797. The rise was fueled by its listing on Crypto.com, pushing its value and trading volume to new heights.

How One Investor Made $3.9M from $86K

A savvy crypto trader invested $86,000 in Goatseus Maximus, purchasing 10.7 million GOAT tokens at a high price. Despite the initial cost, the token’s rapid rally allowed him to sell part of his holdings for significant profits. He sold 0.7 million GOAT for 1,453 SOL, worth $222,000, while retaining 10 million tokens valued at $3.7 million.

This successful trade yielded him $3.9 million in just six days. Additionally, the same trader also profited from another token, BILLY, making $411,000 in that trade. In total, his gains reached $4.3 million.

What’s Next for Goatseus Maximus?

The bullish momentum of Goatseus Maximus is not only making headlines but also turning early investors into millionaires. While the token is currently consolidating, many believe its price could continue to rise if the positive market sentiment persists. The key to profiting from such meme tokens lies in understanding market trends and technical analysis.

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Memecoin

Dogecoin Leads Memecoin Activity with 110,000 Short-Term Traders

by Ouess
written by Ouess

On-chain data reveals that most memecoin activity is fueled by short-term traders. Dogecoin (DOGE) has the largest number of active short-term traders, boasting 110,000 traders on its network.

DEGEN, a reward token for the Farcaster Degen channel, follows with about 23,000 short-term traders. Interestingly, despite Shiba Inu (SHIB) having a market cap ten times larger than DEGEN, it also shares the same number of short-term active traders—around 23,000.

Key Memecoins See High Short-Term Trading

Dogecoin, DEGEN, and Shiba Inu dominate the memecoin space in terms of short-term trader activity, far outpacing other projects. Mid-sized tokens, like Coq Inu, Turbo, Mog Coin, and MAGA, each have around 4,000 active traders.

Memecoins Attract Speculative Traders

This data confirms the widely held belief that memecoin traders are mainly speculative, focusing on short-term gains. Many memecoin investors capitalize on price swings during bullish periods, which leads to increased volatility in the market.

Maximizing Profits with Short-Term Strategies

For new investors, understanding this trend can help shape trading strategies. Memecoin traders often use tactics like scalping or intraday trading to benefit from short-term price fluctuations. These methods allow traders to make frequent profits over short periods rather than holding assets long-term and waiting for extended bull runs.

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Memecoin

Top Cryptocurrencies with High Circulating Supply: A Guide for Investors

by Ouess
written by Ouess

When it comes to crypto investments, the circulating supply of a coin plays a significant role in influencing market behavior. Cryptocurrencies with high circulating supplies often attract investors because they are widely available.

While some prefer low-supply coins for their scarcity, high-supply assets are ideal for strategies that capitalize on widespread distribution. Below, we explore some of the top cryptocurrencies with high circulating supplies that are worth considering.

Milady Meme Coin ($LADYS)

Milady Meme Coin ($LADYS) is a unique cryptocurrency inspired by internet culture. Unlike traditional cryptos, $LADYS merges digital currency with online trends, creating a strong blend of finance and entertainment. With a circulating supply of 734.4 trillion, this coin thrives on community engagement, primarily through social media. However, its volatility and dependence on internet culture make it a risky investment, as its value is often tied to trending memes.

Shiba Inu (SHIB)

Shiba Inu ($SHIB) is a decentralized, community-driven cryptocurrency that has gained global recognition since its launch in 2020. With a circulating supply of 589.3 trillion, $SHIB is commonly accepted as a form of payment and powers its decentralized exchange, ShibaSwap. Its governance model, built on the Ethereum blockchain, allows users to actively participate in decision-making. Despite its popularity, the vast supply and reliance on community sentiment make it vulnerable to market fluctuations, which could affect its long-term value.

Pepe ($PEPE)

Pepe ($PEPE) is a deflationary meme coin that pays tribute to the meme character Pepe the Frog. Running on the Ethereum blockchain, $PEPE incorporates a redistribution system that rewards long-term holders. With no transaction taxes and a burn mechanism to reduce its supply, $PEPE aims to create scarcity while maintaining strong community engagement. Although popular in the meme coin space, its lack of practical utility and susceptibility to regulatory scrutiny may limit its future potential.

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Memecoin

POPCAT Memecoin Faces Rejection at $0.65: What’s Next?

by Ouess
written by Ouess

The Solana-based memecoin, POPCAT, is back in the spotlight after failing to break through the $0.65 resistance level. This price action has ignited discussions about the token’s future potential, with some traders hopeful for a bounce and others more cautious.

POPCAT Price Fluctuates

Recent data shows POPCAT trading between $0.5683 and $0.6557 in the past 24 hours. The token’s inability to surpass the $0.65 mark has left investors speculating on its next move. Currently, POPCAT is down 43.08% from its all-time high of $0.9976, which was reached on July 21, 2024.

Mixed Analyst Opinions on POPCAT’s Future

Crypto analysts have varying views on POPCAT’s future. Cold Blooded Shiller, a well-known crypto analyst, predicts a further decline in price after the $0.65 rejection, suggesting the memecoin could fall lower.

Another analyst, Kronicle, highlights the token’s volatility, describing POPCAT’s price chart as “filled with heart-stopping drops followed by euphoric surges.” Kronicle holds a long-term bullish outlook, predicting the token could eventually reach “multi-billion” valuations.

High-Risk, High-Reward Trading

With sharp price spikes and dramatic drops, POPCAT remains a high-risk, high-reward asset for traders. The token’s unpredictable moves have left investors divided on whether the memecoin will continue its current trend or make a significant comeback.

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DeFi

SushiSwap Price Surge: Dojo Launchpad Could Propel SUSHI to $1

by Ouess
written by Ouess

SushiSwap’s price jumped by 7% in the last 24 hours, fueled by the broader crypto market’s recovery and Bitcoin’s recent gains.

However, this increase may also be due to SushiSwap’s upcoming launch of Dojo, a meme coin launchpad created in collaboration with Goat Trading, a decentralized exchange (DEX).

The Dojo launchpad, now set for September 17, aims to provide users with a simple and secure platform for launching meme coins. With Dogecoin receiving fresh attention from Elon Musk, this move could push SushiSwap’s price up by 39%, potentially reaching $1.

Dojo Launchpad Could Replicate Pump.Fun’s Success

SushiSwap has built a reputation as a major player in the DeFi space. Its partnership with Goat Trading to release Dojo is expected to further cement its position. The platform’s deep liquidity and popularity could mirror the success of other DEX platforms like Pump.Fun on Solana.

Dojo is designed to offer instant trading without slippage, making it user-friendly for both beginners and advanced traders. With SUSHI’s market cap currently sitting at around $122 million, the partnership could drive significant growth, especially when compared to Uniswap’s market cap.

SushiSwap’s Price Targets: Can It Reach $1?

SushiSwap’s price has been trading within a descending channel since May, but it’s now approaching the upper boundary of that channel. If a breakout occurs, the price could rise significantly, with targets at $0.88, $1, and beyond.

Currently, SUSHI faces resistance at $0.64 and $0.88, the latter coinciding with the 200-day exponential moving average (EMA). If it fails to break through these levels, the price may retrace to around $0.57 or even drop lower to $0.30, invalidating the bullish outlook.

Accumulation at Support Levels Could Be Key

As SushiSwap’s partnership with Goat Trading draws more attention to SUSHI and GOAT tokens, accumulation near the $0.57 support level could be a smart strategy. If SUSHI breaks out of its current channel, it could climb to $1, with further potential beyond that.

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Memecoin

Top 3 Tron Memecoins to Watch in September

by Ouess
written by Ouess

Tron’s ecosystem has been capturing attention lately, especially with the surge in its native cryptocurrency, TRX.

Despite the market uncertainty in August, TRX saw a significant 45.3% rally, climbing from $0.117 to $0.17. This boost in TRX has given momentum to Tron Memecoins, making them a hot topic in the crypto community.

The Impact of SunPump on Tron Memecoins

The recent launch of SunPump, a meme coin generator within the Tron ecosystem, has created quite a stir. SunPump, similar to Solana’s meme coin projects, allows users to create their own Tron Memecoins. This innovation has driven Tron’s network revenue to $5.4 million as of August 21st and has been a key factor in the ongoing recovery of the TRON ecosystem.

Adding to this, Justin Sun’s announcement that 100% of SUN token revenue will be used for token burns has sparked positive sentiment in the community, further boosting the SunPump token’s momentum.

Sundog (SUNDOG)

A dog-themed meme coin that quickly gained popularity, launching with a $50 million market cap and hitting an ATH of $0.33. It’s currently stabilizing around $0.244, with potential for another rally.

Suncat (SUNCAT)

A cat-themed token from the SunPump platform, trading at $0.00957 with a $9.5 million market cap. It has strong support at $0.0073, indicating a possible breakout if this support holds.

SunWukong (SUNWUKONG)

Linked to the popular game Black Myth: Wukong, this token surged after Justin Sun changed his profile picture to Sun Wukong, reaching an ATH of $0.036. It has since retraced to $0.0093 but remains actively traded on major exchanges.

    These Tron Memecoins are ones to watch as they ride the wave of TRX’s success and the ongoing developments within the Tron ecosystem.

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    Memecoin

    Whale Activity Signals Potential Rebound for Pepe

    by Ouess
    written by Ouess

    Significant whale activity suggests a potential rebound in Pepe Coin’s price, as large investors accumulate PEPE at lower levels.

    PEPE Price Analysis

    The price of Pepe Coin (PEPE) has been under selling pressure, dropping 4.9% in the past 24 hours to $0.00000778. This decline broke a symmetrical triangle pattern on the price chart, signaling a potential continuation of the downtrend.

    Currently, PEPE is in a clear downtrend, with lower highs and lower lows forming the symmetrical triangle. The price is trading below both the 50-day EMA at $0.00000829 and the 200-day EMA at $0.00000961, reinforcing the bearish outlook.

    The recent breakdown from the triangle pattern suggests that Pepe Coin may continue its decline, possibly finding support around $0.00000700, with a previous low at $0.00000600. The MACD histogram also indicates increasing downward momentum, with the MACD line trending below the signal line, further reinforcing the bearish sentiment.

    However, if PEPE bulls manage to stage a comeback, the price could surge above the symmetrical triangle, invalidating the current bearish structure and targeting the next major resistance at the 200-day EMA.

    Whales Accumulating PEPE

    Despite the recent decline, whale activity around PEPE has surged. Over the past 48 hours, large holder inflow increased by 192%, according to IntoTheBlock, indicating a bullish sentiment among big investors.

    Additionally, Coinglass data showed a negative PEPE Spot netflow on August 14, with approximately $5.95 million worth of PEPE exiting exchange reserves. This contrasts with the previous day’s positive netflow of $1.27 million. Combined with the increased whale activity, this suggests that large investors are buying up Pepe Coin at discounted prices, anticipating a bullish trend reversal.

    Further analysis of the PEPE Large Order Book reveals $2.6 million worth of whale orders, waiting around $0.00000579 and $0.00000670. These orders, which have been active for nine days, indicate that whales are preparing to scoop up more PEPE tokens at lower prices, potentially driving up the coin’s value.

    Should You Buy Pepe Coin?

    Currently, Pepe Coin is experiencing a bearish phase, with the recent breakdown from the symmetrical triangle suggesting further downside potential. However, the increased whale activity and trader behavior hint at a possible bounce once the price reaches the $0.00000575 low. While the downtrend dominates, a rebound might be on the horizon if these large investors continue accumulating PEPE.

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    Memecoin

    Solana Memecoins: DIKEC and Olympic Token Craze

    by Ouess
    written by Ouess

    Memecoins are all the rage on Solana, with DIKEC, named after the Turkish silver medal-winning shooter, among the latest to surface.

    Memecoins and the Olympics

    Memecoins in the Olympic Spotlight

    If memecoins were an Olympic sport, Solana users would take the gold. The 2024 Summer Olympics in Paris have inspired several athletes’ names to become tokens traded on the open market. Turkish shooter Yusuf Dikec earned a silver medal and quickly became a viral sensation for his casual demeanor. This led to the creation of 12 different DIKEC tokens on Dexscreener.

    The Rise of DIKEC and Other Athlete Tokens

    DIKEC Token Popularity

    Described as a “cool Turkish hitman,” DIKEC tokens have market capitalizations ranging from a few thousand dollars to $393,000. The most enduring DIKEC token now trades at $0.0002, after peaking at $0.0008. South Korean shooter Kim Ye-Ji also inspired the creation of the YEJI token.

    Olympics-Themed Tokens

    Even the word “Olympics” has been tokenized. Bolympics, or the Book of Olympics, soared to a $600 million market cap within hours. Other tokens like Crime Olympics (TERROR) also emerged. Unfortunately, some athletes have inspired controversial tokens. Italian boxer Angela Carini, who lost to Algerian transgender boxer Imane Khelif, became the subject of several tokens. One such token had a $1.5 million 24-hour volume and a $111,000 market cap, while the “IStandWithAngelaCarini” token had a $45,000 market cap and $521,000 24-hour volume.

    The Future of Olympic Memecoins

    Anticipation for New Tokens

    With 11 days left in the Olympics, spectators and traders alike are eager to see who will make their way to the podium. New athlete-inspired memecoins are sure to appear on Solana DEX trackers, keeping the excitement high.

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    Memecoin

    Celebrity Meme Tokens Crash 90% on Solana

    by Ouess
    written by Ouess

    Celebrity meme tokens on the Solana blockchain have suffered a drastic downturn, losing over 90% of their peak value in just one month. These tokens, linked to high-profile figures, highlight extreme market volatility and raise concerns about their long-term viability.

    Notable Price Drops

    According to data from Jupiter Slorg, 30 meme coins associated with celebrities like Andrew Tate and Soulja Boy were launched on Solana last month. The excitement surrounding these tokens quickly faded, resulting in an average decline of 94% from their all-time highs. Even the best-performing tokens have dropped by more than 70%, with half plummeting by over 99%.

    Market Capitalization Impact

    The market capitalization of these tokens has been severely impacted. Of the 30 tokens, 22 are now valued at less than $1 million. For example, the token linked to rapper Waka Flocka has lost 99.7% of its peak value and currently has a market cap of just $400,000, despite ongoing promotion on social media.

    Broader Market Implications

    The rapid decline of these tokens raises questions about the sustainability of celebrity-backed meme coins and the broader implications for celebrity involvement in cryptocurrency markets. Interestingly, only 40% of the celebrities involved have mentioned these tokens on social media in the past week.

    Resilience of the Solana Ecosystem

    Despite the decline in meme tokens, the broader Solana ecosystem remains resilient. As of today, Solana (SOL) is priced at $168.96 with a 24-hour trading volume of $5 billion. This reflects a 5.12% price decline in the last 24 hours but a 6.20% increase over the past week. SOL has a circulating supply of 460 million and a market cap of $78.5 billion.

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