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Memecoin

KAMA Token Surges Amid Speculation on U.S. Presidential Race

by Ouess
written by Ouess

Crypto enthusiasts are buzzing as the KAMA token jumps 125%, reacting to rumors that President Joe Biden might exit the presidential race. The token, named after Vice President Kamala Harris, has seen significant volatility and interest.

KAMA Token’s Rapid Rise

KAMA is up 125% today, trading at $0.013, after peaking at $0.018. Speculation about Kamala Harris potentially replacing Biden after a poor debate performance against Donald Trump has fueled this surge. Over the past week, traders have driven KAMA up by 1,000%.

KAMA Price – Coingecko

Market Reactions and Predictions

On Polymarket, bettors show increased support for Harris as election day approaches. With over $10.7 million wagered, 68% of traders believe Biden will drop out. Harris’s chances of becoming the Democratic nominee have risen to 39%, close to Biden’s 41%.

Despite this, Michelle Obama has only garnered 6% of trader bets. In the broader presidential race, Donald Trump leads with 61% of the $217 million staked, while Harris holds a 16% chance, and Biden 13%.

Political Memecoins on the Rise

Political memecoins are gaining popularity this election year. Jeo Boden, a satirical token of Joe Biden, has plummeted 25% today to $0.03, down 85% this month. Meanwhile, Donald Trump’s DJT token, allegedly created by Martin Shkreli and Barron Trump, faced rumors quashed by on-chain sleuth ZachXBT. Shkreli was revealed as the creator, earning a $150,000 bounty from Arkham Intelligence.

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Memecoin

Solciety Presale Raises $619K, Leveraging PolitiFi and Solana MemeCoin Trends

by Ouess
written by Ouess

Solciety has successfully raised over $619,000 in just the first two weeks of its presale. This achievement is driven by the rising popularity of PolitiFi and Solana meme coins.

Rapid Community Growth

Solciety’s community has grown rapidly, now boasting over 15,000 members on Twitter and Telegram. This growth mirrors notable trends like PolitiFi’s market cap surpassing $1 billion and SOL meme coin Popcat’s impressive +18,000% increase from January to May.

Early Opportunity with Discounted Prices

The Solciety presale offers a unique opportunity to buy in early at a discounted price. During the 15-stage presale, SLCTY tokens are priced at $0.002222, with prices increasing by 3% at each stage. This structured pricing strategy aims to incentivize early participation. Once the presale concludes, SLCTY tokens will be available for public trading.

Solciety: The Political Party of the Degen

Solciety has garnered attention with its campaign for “degen democracy” and strong endorsements from key opinion leaders (KOLs) like Crypto Moonlight and Crypto Pablo. The platform uses satirical memes to mock the world’s elites, creating a powerful and engaged community.

Engaging Community with Giveaways

The Solciety team rewards its community with regular giveaways. For instance, a $1000 giveaway was launched on X last week, highlighting the platform’s commitment to engaging its supporters.

Meme Campaigner: Boosting Viral Potential

Solciety’s viral potential is enhanced by its Meme Campaigner, a tool for generating satirical political memes. Characters like Donald Pump and Kim Wrong Un allow users to create engaging content. The platform rewards top creators with 10% of SLCTY’s total supply, incentivizing users to spread Solciety-branded content.

Strategic Tokenomics for a Smooth Launch

Solciety’s tokenomics are designed to drive a strong rally when public trading begins. The platform has allocated 20% of tokens for marketing to promote degen democracy widely and 17% for liquidity to ensure smooth trading on decentralized exchanges (DEXs).

Conclusion: Join the Solciety Movement

The Solciety presale offers a compelling opportunity to join a growing community and invest early in a promising project. With its focus on degen democracy, viral meme campaigns, and strategic tokenomics, Solciety is poised to make a significant impact in the crypto space.

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Gainers

Tokens That Shined During The Crypto Market Q2

by Ouess
written by Ouess

BTC mining stocks, AI, and the gaming sector might stand out in the third quarter, one observer said.

Q2 Crypto Highlights

The second quarter saw three tokens – Brett (BRETT), Ton Network’s TON, and Kaspa’s KAS – emerge as notable performers. Meanwhile, Bitcoin (BTC) experienced a decline, pulling most major digital assets, including Ether (ETH), lower.

BRETT, a memecoin from the Base Chain inspired by the character Brett from Boys’ Club, more than doubled to 15 cents, becoming the top performer among the top 100 coins by market value, according to TradingView and CoinMarketCap. Toncoin (TON), the native cryptocurrency of The Open Network (TON), rose 42% to $7.65, and Kaspa blockchain’s KAS surged over 35%. In contrast, the total crypto market capitalization fell 13.8% to $2.2 trillion.

Meme Coin Mania

The rise of BRETT wasn’t an isolated event but part of a broader meme coin trend. DYOR’s Dune-based relative strength crypto narrative tracker showed the meme coin sub-sector rose over 45% in three months while others posted losses.

BRETT USDT Daily chart

Another top-performing asset was culture coin MOG, driven by positive sentiment and a cult-like following on social platforms like X. MOG’s market capitalization soared from $220 million in early April to over $700 million, briefly placing it among the top hundred tokens by that metric.

In bullish cycles, investors often rotate profits from larger coins like Bitcoin into smaller tokens like meme coins, fueling price increases and retail investor FOMO (fear of missing out). The fate of meme coins is tied to investor risk appetite and credit availability.

BRETT’s rise began in May when Bitcoin consolidated near $70,000, with its market capitalization nearing $2 billion at one point. Kenny Hearn, chief investment officer at SwissOne Capital, noted that established meme coins often hit a liquidity wall at the $2 billion mark before profit-taking and sideways volatility ensue.

TON and Telegram’s Role

TON’s surge was linked to its involvement with the messaging app Telegram, which has 1.56 billion users worldwide and 800 million active users. Justin Hyun, TON’s Director of Investments, stated, “A toncoin (TON)-based economy is starting to take root in the messaging app Telegram.”

Several factors boosted TON’s adoption, including Telegram’s pivot to TON payments for advertisements and the Open League reward program. The integration of tether (USDT) and the debut of Telegram-based game Notcoin’s digital token also increased network activity.

TON USD Daily chart

In Q2, TON’s daily active addresses rose to nearly 600,000, surpassing Ethereum. This growth was driven by the introduction of mini apps, decentralized apps embedded into Telegram. Notcoin, one of these apps, gained traction as users could “mine” Notcoin by pressing a button within Telegram. Katie Talati, head of research at Arca, highlighted that the launch of USDT on TON and Pantera’s significant investment in TON were major catalysts.

Kaspa’s Innovative Approach

Kaspa’s KAS token gained attention due to its parent proof-of-work (PoW) blockchain’s efforts to solve the blockchain trilemma (scalability, decentralization, security). Kaspa’s GHOSDAG technology processes transactions asynchronously and in parallel, enhancing performance and security while retaining PoW’s benefits.

Hearn explained that Kaspa’s approach to solving the trilemma with its DAG structure (supporting speed and scalability) and PoW security benefits has garnered strong market support. Additionally, KAS received a boost from bitcoin miner Marathon Digital’s announcement of mining KAS to diversify its revenue stream.

KAS USD DAILY CHART

Looking Ahead to Q3

Historically, the third quarter has been the weakest, with Bitcoin averaging just 5% gains over the past 13 years, compared to 60% in both the second and fourth quarters. The political landscape, including President Biden’s recent debate performance and potential replacements, might influence market sentiment.

Despite these challenges, crypto sub-sectors with strong fundamentals could continue to stand out. Hearn noted that projects like ONDO, JASMY, and ENS, which build quietly in the background and deliver on real use cases, hold long-term potential. Talati added that bitcoin mining stocks, artificial intelligence, gaming, and DeFi sectors could see growth.

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Memecoin

Mog Coin and Meme Coins Surge Despite Bearish Market

by Ouess
written by Ouess

While the broader crypto market shows a bearish outlook, meme coins like Mog Coin, Dogwifhat, and Popcat are experiencing significant inflows, leading to price surges. These coins are moving against the market trend, showcasing notable gains even as Bitcoin hovers around $61,000 and the market capitalization drops to $2.2 trillion.

Mog Coin Leads the Pack

Among the top assets, Mog Coin has seen substantial growth. In the past 24 hours, Mog Coin is up 15%, driven by increased trading volumes. Over the last week, Mog Coin has surged 80%, and in the past 14 days, it has seen inflows increase by 116%. This impressive performance has sparked bullish predictions for Mog Coin, suggesting a potential market sentiment shift if macroeconomic factors turn positive.

MOG 7 day chart Source : CoinMarketCap

Dogwifhat and Its Impressive Gains

Dogwifhat has also posted impressive gains, with its price rising to $2.12 after an 11% daily increase. In the last seven days, Dogwifhat has climbed 19%, boosting its market cap to $2.1 billion. Daily trading volumes have reached $452 million, outpacing many other assets in the last 24 hours. This growth reflects the continued interest in meme coins, particularly following the meme coin frenzy in Q1 2024.

Popcat’s Market Cap Doubles

Popcat has shown even more remarkable performance, with its weekly inflows hitting 115%. Today, Popcat spiked 8.7%, contributing to its consistent long-term growth. The asset’s market cap has reached $607 million, with daily trading volumes exceeding $61.1 million. Despite the overall market downturn, Popcat continues to attract significant investment.

Wider Market Overview

In contrast to the surge in meme coins, Bitcoin posted a slight 0.4% loss today, with its price around $61,000. Ethereum stands at $3,381. Other crypto assets like Solana, Dogecoin, and Cardano have also experienced outflows in the last 24 hours, reflecting the broader market’s bearish sentiment.

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Memecoin

Bitcoin Bounce Boosts $PEPE, $WIF, and $TRUMP Memecoins

by Ouess
written by Ouess

After Bitcoin (BTC) dropped to $58,400 on Monday, it bounced back on Tuesday, allowing memecoins to surge. $PEPE, $WIF, and $TRUMP saw significant upward moves.

Although this Bitcoin bounce may be temporary, it has enabled memecoins to capitalize on the positive momentum.

$PEPE Continues Bullish Uptrend

Pepe ($PEPE) is a leading memecoin by market capitalization, following Dogecoin and Shiba Inu. New traders in the memecoin space often look at $PEPE.

The macro weekly chart shows $PEPE in an uptrend, finding support at the 0.382 Fibonacci level. If this support holds, the target could be the 1.618 Fibonacci level at 0.000022.

$WIF Surges 30% in 48 Hours

Dog Wif Hat ($WIF) has been a standout success for new memecoin traders. Despite a drop from its local high of $4, $WIF has bounced back, rising 30% in the last two days and sitting above the 0.786 Fibonacci level. A breakout above the descending trendline could push the price back to $2.50.

$TRUMP Best Performing Memecoin in Last Two Days

Among the highlighted memecoins, $TRUMP has performed the best over the last 48 hours. After bottoming out at $6.50, $TRUMP surged 40% to reach $9, which is the 0.618 Fibonacci level. A daily candle close above this level could target $12.38.

Trade with Extreme Caution

Investing in memecoins relies heavily on Bitcoin maintaining positive price action. The current Bitcoin bounce should be approached with caution. If the bounce merely tests the recent resistance at $61,500, further downside for Bitcoin could affect all altcoins.

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Story

Jupiter Co-Founder Defends Memecoins: Key Role in Crypto’s Evolution

by Ouess
written by Ouess

Memecoins have been a controversial topic, with many in the crypto community questioning their value and purpose. Despite this, the co-founder of Jupiter, known as Meow, defends their significance in the evolving crypto landscape.

Criticism of Memecoins

Memecoins like BOME and WIF on the Solana blockchain have been the subject of significant criticism. Many observers argue that this phase represents the strangest era in crypto history. They lament that, even as blockchain technology becomes ready for large-scale adoption, the focus has shifted from meaningful applications to what they see as trivial pursuits. This sentiment contrasts sharply with the innovation-driven periods of 2017 and 2021, when practical applications of blockchain technology were more prevalent.

Critics contend that the current trend toward quick profits and cash grabs detracts from the development of substantial and beneficial blockchain applications. They believe that the true potential of blockchain technology is being overshadowed by the pursuit of short-term gains.

Jupiter Co-Founder Defends Memecoins’ Role

Meow, co-founder of Jupiter, offers a different perspective. While he acknowledges the concerns, he argues that memecoins play a crucial role in the crypto ecosystem. Meow likens the early days of social media platforms like MySpace, which were initially seen as frivolous but eventually led to the creation of dominant social media platforms that shape global communication, commerce, and politics.

Similarly, Meow believes that memecoins, despite appearing trivial, are vital for exploring the potential and challenges of user-generated digital currencies. He explains that Jupiter’s approach to the crypto market is twofold. First, they aim to enhance the dynamics and ethos of the memecoin economy, fostering innovation and a robust environment. Second, they are committed to building the necessary infrastructure for a unified market, which he sees as the true pinnacle of financial innovation that will make crypto genuinely useful.

Meow emphasizes that technological progress is not linear and involves many unexpected developments. What may seem insignificant now could prove to be essential in the future.

Profits and Risks: The Memecoin Market Sentiment

Despite the inherent risks, investing in memecoins has been highly profitable for many investors since the beginning of the year. The market has seen its share of rug pulls and inefficient developers, leading to losses for some. However, certain memecoins on the Solana blockchain, such as BOME and WIF, have achieved remarkable success, with market caps exceeding $1 billion.

Dogwifhat (WIF) is one such memecoin that has shown significant price movement, currently trading at $2.45 with strong market support. Bonk (BONK) has also reached an impressive market cap of $1.59 billion and continues to trend upwards. Another notable memecoin, Wen (WEN), despite being down 74% from its all-time high, still holds a market cap of $96 million and shows potential for recovery.

The Solana memecoin market, and the broader memecoin phenomenon, offer both high profit potential and significant risk. Growing trading volumes indicate increasing investor interest in this sector.

Conclusion

While memecoins face significant criticism, they play a crucial role in the crypto ecosystem by exploring the possibilities of user-generated digital currencies. The success of memecoins like BOME and WIF on the Solana blockchain highlights their potential for substantial profits, albeit with considerable risks. As the market continues to evolve, memecoins may prove to be an essential part of the crypto landscape.

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Memecoin

Apu Apustaja Sponsors High-Stakes Boxing Match: Matias vs. Paro

by Ouess
written by Ouess

Apu Apustaja crypto token management is thrilled to announce its sponsorship of the upcoming Matchroom Boxing event, which will feature Subriel Matias taking on Liam Paro. This much-anticipated bout will be broadcast live on DAZN on Saturday, June 15, 2024.

This exciting fight will see Matias and Paro compete for the IBF World Junior Welterweight title at the Coliseo Juan Aubin Cruz Abreu in Manati, Puerto Rico. This match holds special significance for Matias as it marks his first hometown fight since 2019. Both fighters have shown great confidence, setting the stage for a thrilling contest. Apu Apustaja is proud to support such an exhilarating event.

What is APU?

$APU is a meme coin featuring the beloved character Apu the frog. Unlike many meme coins, $APU stands out due to its high quality and utility. It is entirely community-owned, with all major developments decided collectively by its members. Projects associated with $APU include a game and a community-curated Spotify playlist. The coin has gained rapid popularity, securing listings on over ten major crypto exchanges and featuring prominently in advertising campaigns in New York.

Community Engagement

Apu Apustaja prioritizes transparency and community involvement. By sponsoring events like the Matias-Paro fight, $APU actively engages with its supporters, fostering a sense of community and shared purpose.

Stay tuned for this thrilling match and witness how Apu Apustaja continues to make waves in the crypto and sports worlds!

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Memecoin

Memecoin Leaders PEPE and WIF See Sharp Declines: Market Update

by Ouess
written by Ouess

Leading memecoins have faced notable declines, with PEPE and WIF dropping 15% and 25%, respectively, in the past seven days.

After a strong performance throughout May, top memecoins have suffered substantial losses in the past week.

DOGE, SHIB, and PEPE have all seen declines exceeding 10% over the last seven days, while WIF has plummeted by 26% during the same period. Despite their standout performances earlier in 2024, the recent market volatility has dealt a severe blow to the sector.

PEPE USDT Hourly chart

Memecoins have been on a downward trend since the start of June, exacerbated by a recent market selloff. This decline coincides with increased scrutiny on memecoins, particularly those backed by celebrities, which have launched on Solana in the past month.

Volatility is inherent in memecoins, and although PEPE remains up by 12% over the last 30 days, it has been affected by the recent downturn.

Conversely, WIF, the leading memecoin on Solana, has experienced a 15% decline in the same period, positioning it among the weakest performers in the top 50 tokens by market cap.

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Memecoin

Crypto Market Insights: Trends, Opportunities, and Potential Winners

by Ouess
written by Ouess

Cryptocurrencies like Solama (SOLAMA) and MemeAI (MEMEAI) have grabbed attention with staggering surges exceeding +2300% this week, sparking curiosity about potential future stars.

Among the contenders, Ethereum, a prominent cryptocurrency, is forecasted by analysts to soar to $10,000 at the peak of its cycle, a prediction echoing significance in the dynamic realm of crypto investments.

BlastUP Presale Surpasses $1 Million: Eyes on Crypto’s Next Big Player

BlastUP, a leading launchpad on Blast, has emerged as a standout in the crypto landscape, raising over $1 million in just a few weeks. This project is gaining traction among early investors who recognize its immense potential.

BlastUP is poised for success, aiming to revolutionize Web3 tools with AI innovation for streamlined startup launches. Offering a robust suite of tools and a rewarding system, it presents an enticing opportunity for investors.

Currently in its fourth presale stage, BlastUP tokens are available at the lowest price of $0.05, offering a significant discount from the listing price of $0.1.

BlastUP token holders stand to benefit from various privileges, including token sale allocations, exclusive loyalty rewards for participating in IDOs, and staking rewards.

With a mission to accelerate the growth of blockchain startups, BlastUP is positioned as a major player in the crypto space. Backed by a dedicated team, it aims to become the go-to launchpad for seamless entry into the crypto market.

SEI’s Growth Potential Eyes $1.27 Amid Market Fluctuations

SEI has seen moderate growth recently, positioning itself well in the market. Short-term forecasts suggest potential highs reaching $1.05 and possibly $1.27 if momentum persists. However, long-term perspectives should consider potential downtrends, with support levels at $0.60 and $0.36.

Jupiter’s Solana Token Launch: Forecast and Market Analysis

Jupiter’s involvement in the upcoming Solana token launch positions it for growth, with a current price of $0.77. Short-term outlook suggests a push towards $0.81, while long-term prospects indicate support levels at $0.42 and $0.3.

Optimism Crypto Targets Resistance Levels

Optimism has surged past $4, aiming for resistance levels at $4.32 and $4.95. Short-term volatility may lead to a pullback to $2.95, with long-term averages indicating strong prospects.

Conclusion

While SOLAMA, MEMEAI, SEI, and Optimism have shown impressive gains, BlastUp stands out for its potential in the crypto market. With a unique concept, robust tools, and rewards system, it offers promising returns for investors seeking high-potential opportunities.

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Altcoin

Solana Surpasses Ethereum in NFT Sales: A Turning Point in Crypto Markets

by Ouess
written by Ouess


In December 2023, Solana outpaced Ethereum in NFT sales volume for the first time ever. According to CryptoSlam data, Solana’s NFT sales hit around $366.5 million, surpassing Ethereum’s sales, which totaled $353.2 million.

Even when excluding wash trades, Solana’s sales remained robust at $366.5 million, closely approaching its previous record of $373.5 million set in October 2021. On the flip side, Ethereum’s sales remained relatively steady, with December’s total comparable to November’s at $350 million.

Solana experienced a surge in the number of unique traders, boasting around 218,000 distinct sellers and 279,000 buyers—almost double the number seen on Ethereum.

The spike in Solana’s NFT sales can be attributed to the remarkable surge in the value of its native token, SOL, which has quadrupled in price over the past three months. This resurgence of the Solana ecosystem coincided with a memecoin craze, notably led by Bonk (BONK).

The increased user and transaction influx on Solana might be driven by the broader momentum surrounding the network and the buzz generated by specific projects that offer potential airdrops and other incentives. Projects like Tensorians and Mad Lads significantly contributed to Solana’s overall success by generating substantial trading volume in December.

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