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Showing posts with the label memecoin

The ‘WAGMI’ mentality is undermining crypto

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Greed, irrationality and anxiety have contributed to chaos in the crypto market. Investors should work on self-improvement if they want the industry to succeed. In 2021, it seemed as if 10 new Disneys — and the next 20 Picassos — were emerging from blockchain and various nonfungible token (NFT) collections. Exorbitant NFT values that year signaled strong belief in many projects. But two years later, those “next Disneys” have delivered little. The situation has created significant market frustration and disillusionment among investors and enthusiasts alike. Project failures are often attributed to founders. Yet, the greed, anxiety, and irrationality prevalent among Web3 participants have also played a substantial role in the ecosystem. Related: 3 theses that will drive Ethereum and Bitcoin in the next bull market We’re in a complex environment where even the most skilled and visionary founders find it challenging to navigate the market dynamics. This often leaves a trail of unfinished...

Memecoin declined by 13% as launch heat fades

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Memecoin (MEME) has been constantly declining over the past 24 hours as the heat around its launch has faded.  The asset, brought to the crypto world by the 9GAG team, plunged by 13.44% in the past 24 hours and is trading at $0.02 at the time of writing. MEME’s total market cap rose to a whopping $256 million on Nov. 4, a day after its launch , but soon declined to $178 million. MEME price on Nov. 6 | Source: Trading View Data shows that Memecoin’s 24-hour trading volume has also plunged by 5% over the past day, closing to the $210 million mark. You might also like: Bitfinex suffers phishing attack, says there is ‘no loss of funds’ On-chain data shows that the number of MEME holders has already reached 5,842 unique wallets, totaling 50,433 transactions.  Moreover, data provided by the market intelligence platform Santiment shows that the social volume for the term “MEME” has declined by 99% since Nov. 4. Per Santiment, most of the discussions came from Telegram ch...

DigiToads looks to become the most valuable memecoin as Dogecoin and Shiba Inu battle volatility

Join Our Telegram channel to stay up to date on breaking news coverage In the world of cryptocurrencies, memes coins have become quite popular in recent years. These coins, created in the spirit of fun and humor, have gained a significant following due to their catchy names, unique designs, and potential for quick gains. Two of the most popular meme coins are Dogecoin and Shiba Inu, which have both gained massive attention in the past year. However, as the crypto market becomes increasingly volatile, DigiToads is positioning itself as the first valuable memecoin on the market. Buy DigiToads Now What Makes DigiToad Different? Unlike many other meme coins, DigiToads has a unique utility that sets it apart from the rest. The token is designed to positively impact users in multiple facets of life, from providing a new web3 gaming experience to supporting the environment through charitable contributions. DigiToads boasts a high-growth potential and offers its holders the opportun...