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Crypto
SOL,BNB
Raydium(RAY)

$1.05

-0.02%

Market Cap
268.66m
 

-0.02%

Volume (24h)
10.03m
 

11.48%

Released on 19 Feb 2021
Nano UFO Glacier
Nano UFO Glacier
Claim Your Reward: Raydium $RAY Airdrop Tutorial Inside!
9 days ago
Kri
Kri
followers

A cryptocurrency trader turned $50.98 into approximately $10,900 in two hours, speculating in a recently created token. The trading occurred on February 21 against Solana (SOL) using its DeFi ecosystem. Lookonchain spotted what it deemed to be “unbelievable” results, posting the accomplishment on X (formerly Twitter). Notably, this anonymous crypto trader realized over 21,000% gains with one purchase and six sellings of a token called NVDA. In this context, Finbold gathered data from DexScreener showing the trader’s ‘Buy’ and ‘Sell’ operations for NVDA/SOL on Raydium. First, a purchase worth $50.98 with 0.5 SOL at 0.00002816 SOL per NVDA. Followed by sell-offs worth $931, $1,633, $2,143, $1,734, $2,291, and $2,210. NVDA token and Raydium analysis Raydium (RAY) is Solana’s second-largest decentralized exchange by total value locked (TVL), with nearly $150 million locked by liquidity providers. Interestingly, this exchange moved $160.92 million in its 24-hour volume – surpassing the TVL, according to data from DefiLlama. In particular, NVDA is just one low-liquidity token that exists on this platform. Moreover, it was issued on the same day of the trade and has no special fundamentals to back further increases. Curiously, its name resembles NVIDIA Corp (NASDAQ: NVDA) stock, which has achieved large successes in the stock market. Therefore, it is possible that the token’s issuer could have benefited from investors’ confusion of its legitimacy. It is worth noting that anyone can issue a token with any ticker in these decentralized exchanges. Thus, investors must always cautiously research the asset’s origin before deploying meaningful capital. Additionally, recently issued tokens usually have low liquidity available. This makes it difficult for traders to realize meaningful gains when these gains rarely occur. Speculating on the cryptocurrency market, specifically on DeFi, is risky, uncertain, and not recommended for beginners. #Write2Earn

3 days ago
Crypto
SOL
Jito(JTO)

$1.84

-1.90%

Market Cap
216.22m
 

-1.90%

Volume (24h)
28.12m
 

14.76%

Released on 07 Dec 2023
TopCryptoNews
TopCryptoNews
followers

Solana’s SOL token has experienced a 13% drop this week, raising questions about its ability to maintain the $100 support level.The decline in Solana’s market capitalization distances it from the top 3 contenders, amidst a bearish outlook based on network activity.“Investors worry as SPL tokens’ performance weakens and network activity drops, signaling potential challenges for SOL’s demand.” This article delves into the factors driving Solana’s price down, including its market position, network activity, and the performance of SPL tokens. Factors Behind SOL’s Price Correction The recent 13% decrease in SOL price can be linked to the underperformance of Solana SPL tokens such as Jito (JTO), Jupiter (JUP), and Dogwifhat (WIF), which have seen significant drops since February 19. This decline impacts investors’ expectations for gains from potential airdrops, as future listings are often anticipated in relation to existing alternatives. Despite these challenges, Solana’s ecosystem, supported by decentralized applications like Raydium and Magic Eden, continues to attract active users. Comparative Network Activity and Market Position When comparing Solana’s network activity with that of other blockchains, its recent performance appears less favorable. For instance, Solana’s DApps volumes were significantly lower than those of Polygon and BNB Chain in the week leading up to February 21. This lack of volume growth, coupled with a modest increase in active addresses, places Solana behind its competitors. However, the total value locked (TVL) on Solana’s DApps and the staking rate have seen an uptick, indicating a resilient demand for SOL despite the market downturn. Optimism Amidst Challenges: Solana’s New Partnerships The integration with Filecoin, a decentralized storage solution, offers a glimmer of hope for Solana. This partnership addresses the problem of historical data availability, presenting an alternative to Google Cloud’s BigQuery platform. Such collaborations underscore Solana’s ongoing efforts to enhance its ecosystem and maintain relevance amidst competitive pressures. Market Capitalization and Future Outlook Despite Solana’s current challenges, its market capitalization remains substantial when compared to competitors like Polygon and Arbitrum. This disparity in market valuation, however, prompts questions about the sustainability of SOL’s price above the $100 mark. With the broader crypto market dynamics in play, investors and enthusiasts are closely monitoring Solana’s adjustments and strategic moves to regain its footing. $BTC #BTC #Write2Earn #TrendingTopic $FIL

4 days ago
Crypto
SOL
Guacamole(GUAC)

$4.16e-7

-9.60%

Market Cap
N/A
 

Volume (24h)
2.70m
 

-24.80%

Released on 04 May 2023
Crypto
SOL
Zebec(ZBC)

$9.54e-3

0.12%

Market Cap
40.34m
 

0.12%

Volume (24h)
7.16m
 

3.22%

Released on 15 Mar 2022
Crypto
Market Cap
38.63m
 

-1.29%

Volume (24h)
1.52m
 

-49.60%

Released on 12 May 2021
Bitcoinworld
Bitcoinworld
followers

Launched on January 13th on the Solana blockchain, $HONK has experienced remarkable price growth. In less than two weeks, its market cap soared from a few thousand to $27 million, capturing the attention of the crypto space.   Inspired by the popular memes from the Untitled Goose Game — featuring a goose with a knife, stealing items, and honking — Honk has maintained a strong community of enthusiasts. It’s worth noting that Honk is the nemesis of Bonk, another meme featuring a dog with a baseball bat. This rivalry extends to the crypto world, as Bonk is also a memecoin on the Solana blockchain with significant market capitalization. The Honk vs. Bonk battle in the meme sphere has now translated into a competition between the two memecoins on the Solana blockchain. This brings an entertaining and unique dynamic to the cryptocurrency market, reflecting the broader trend of internet culture significantly impacting and shaping the world of digital finance.    However, $HONK aims to transcend this rivalry by aspiring to be the Shiba Inu of Solana. Memecoins have traditionally been dominated by dog tokens, like Doge and Shiba Inu, and frog tokens, represented by Pepe the Frog. $HONK, leveraging the popularity of goose memes, could introduce a new trend.   The Honk team has released two entertaining games — “Honk a Bonk” and “Bonk Hunt” — available on Telegram and the Play Store. They plan to integrate these games into the project, using revenues to buy back and burn $HONK, thus creating an ecosystem.   Currently, the project has quickly built momentum, with almost eight thousand holders and a growing Telegram community, indicating a bright future. $HONK is available on Raydium and Jupiter, two decentralized exchanges on the Solana network, without transaction taxes. It has also been listed on four centralized exchanges (Poloniex, Lbank, MEXC, CoinStore), with more listings anticipated. Marketing plays a significant role in the project’s success. $HONK has left no stone unturned, featuring ads on websites related to cryptocurrencies, trending on various services, and influencers promoting it. $HONK has even appeared on large billboards in major cities around the world (New York, Hong Kong, Seoul, etc.), reaching people who may not necessarily be interested in crypto. The team continues to push Honk wherever possible, indicating that this is just the beginning of their marketing strategy.   With a strong team, extensive connections, and aggressive marketing, Honk shows promise. However, potential investors should conduct their research before investing. Trade safely, and may the goose force be with you! The post Honk, the new memecoin sensation, is set to become the Shiba Inu of Solana! appeared first on BitcoinWorld.

10 days ago
Crypto
Market Cap
N/A
 

Volume (24h)
498.55k
 

20.10%

Released on 04 Oct 2021
Coinpedia
Coinpedia
followers

The post More $SOL FUD as Questions Arise Over Transaction Speeds – Could the Sun Set on Solana? And Who Would Take Its Place? appeared first on Coinpedia Fintech News The crypto scene’s been buzzing lately, especially around Solana. Issues regarding its transaction speeds and network stability have surfaced, leading many in the community to wonder if the platform and its token $SOL are on their last legs, despite the current price rally. As discussions about Solana’s future grow louder, speculations about which crypto will take its place are also heating up. One popular candidate is the best cheap crypto to buy right now – Galaxy Fox. Let’s break down what’s happening with Solana and why Galaxy Fox could be the next big thing.  Is the Sun Setting on Solana? Solana hit a rough patch recently, experiencing a 5-hour outage that rendered the network unusable. The market felt it when $SOL took a slight dip, dragging cryptos like GMT, Raydium, and Access Protocol down with it. Even UpBit pumped the brakes on $SOL withdrawals, causing FUD to spread among investors. The Fallout and Recovery In the wake of the outage on February 6th, $SOL experienced a decline to $93. However, it was able to bounce back on the same day, climbing above the $95 mark. This came as the Solana team was able to address the underlying issue and restore functionality to the network. Despite the setback, $SOL has demonstrated resilience with its upward trajectory, breaching the $100 mark just a few days later and maintaining its position as a good crypto to buy. However, larger questions about Solana’s infrastructure still remain. As Cointelegraph recently reported: “In the case of Solana, around 80% of transactions are made up of its own consensus messages, which are needed to coordinate validators. Despite being processed separately from on-chain transactions, they are confusingly batched with user transactions on Solana’s blockchain, giving an inaccurate measure of its true TPS.” Even more concerning is the possibility some analysts have raised that Solana is faking its TPS numbers, as evidenced by the TPS data it reported during the recent 5-hour blockchain outage. Despite the blockchain being down, TPS appeared to be unaffected, causing some observers to suggest that the TPS data is false – or at the very least, artificially propped-up.  Evaluating $SOL ’s Performance Amidst the issues surrounding Solana, $SOL ’s price performance has garnered attention, with Santiment reporting that it has outperformed Bitcoin in recent days. This achievement is particularly notable given the widespread concerns surrounding Solana’s network stability. Santiment attributes $SOL ’s resilience to its development activity, which has surged in the aftermath of the outage. They also said that the FUD generated by the network’s problems has paradoxically served as a catalyst for $SOL ’s price. Will Galaxy Fox Take Solana’s Place? While Solana grapples with network challenges, a formidable competitor has emerged in the form of the best cheap crypto to buy right now – Galaxy Fox. This token has captured the attention of the crypto community with its promise of high returns and innovative features.  The Galaxy Fox Advantage Galaxy Fox distinguishes itself as a hybrid token, combining meme properties with GameFi features to create a multifunctional asset. Its integration of the coolest NFT assets further enhances its appeal, offering users diverse opportunities within the Galaxy Fox ecosystem. With a classic endless runner game incorporating play-to-earn (P2E) mechanics, Galaxy Fox provides players with financial incentives, rewarding top performers with $GFOX tokens and enabling digital item trading in its marketplace. The platform also has a staking function, allowing $GFOX holders to earn residual income while contributing to the project’s development.  Presale Success and Future Prospects Galaxy Fox’s presale journey has been nothing short of remarkable, seeing overwhelming demand and significant capital raised in just a short period of time. Currently in Stage 8 and with $GFOX priced at $0.002178 per token, things are heating up for the project. So far, it has already secured over $3.3 million in funding, with over 2.6 billion tokens distributed to early investors. Analysts predict a surge in demand and anticipate Galaxy Fox to emerge as one of the year’s top performers after finally obtaining a spot in CoinMarketCap. With its strong early performance and high potential for growth, it may replace a top crypto like Solana in the future. Conclusion As questions loom over Solana’s future, investors are presented with an opportunity to explore alternative avenues for growth and innovation. Galaxy Fox stands as the best cheap crypto to buy right now, offering a unique blend of utility, entertainment, and financial rewards. With its presale in full swing and retail launch on the horizon, now is the time to join the Galaxy Fox community and embark on a journey toward prosperity. To learn more about Galaxy Fox and become part of its vibrant ecosystem, visit their website and connect with them on Telegram today.  Learn more about $GFOX here: Visit Galaxy Fox Presale | Join the Community

11 days ago
Raydium Surges 5.78%: The Latest Standout in Crypto Market
MinMax AI
MinMax AI
about 2 months ago
Coinpedia
Coinpedia
followers

The post 5 Meme Coins Traders Think Could Give 10x Gains in 2024 appeared first on Coinpedia Fintech News Crypto traders are always on the hunt for the next big thing in the meme coin space. While seasoned investors tend to scoff at these high-risk assets, meme coins have shown an impressive ability to generate exponential returns for early adopters. In this article, we’ll highlight five meme coins that could offer 10x gains (or more) before the end of 2024 if bullish conditions materialize. 1. Sponge V2 (SPONGEV2) The first entry on our list is Sponge V2 (SPONGEV2), an under-the-radar meme coin quietly gaining steam and positioning itself for an explosive 2024. For those unfamiliar, Sponge V2 is the second iteration of the original Sponge (SPONGE) meme coin that gained popularity among fans of SpongeBob SquarePants. The original token saw monumental gains in May 2023, reaching a $100 million market cap within days of its Uniswap listing. Now, the upgraded Sponge V2 token is looking to recapture that same meme coin magic. By allowing investors to lock up their V1 tokens to receive V2, the project has successfully sparked renewed interest and value. Over $9.2 million in token value has been staked already, with yields on Polygon currently sitting at a whopping 1,399% per year. Beyond staking utility, Sponge V2’s developers also have ambitious plans to launch a play-to-earn (P2E) game later this year. With over 50,000 holders since migrating to Polygon and continued growth on its socials, Sponge V2 could be a meme coin poised for 10x gains in 2024. Interested investors can buy SPONGEV2 tokens through Uniswap or by heading to the sponge.vip website. 2. Smog (SMOG) Another meme coin making waves is Smog (SMOG) on the Solana blockchain. Launched just last week, SMOG exploded onto the scene with an astounding 3,000%+ gain within its first three trading days. Smog has quickly amassed a fully diluted market cap of over $45 million, with more than 14,600 people now holding the SMOG token.   The token’s creators accomplished this despite minimal marketing, relying primarily on community hype and the buzz around Solana-based meme coins. Now, the creators are looking to boost interest even more by bridging the token to Ethereum. By leveraging the power of Wormhole, Smog aims to become a thriving multi-chain project ahead of its highly anticipated airdrop campaign. Over 10,000 airdrop tasks have already been completed ahead of the official event, showing there’s no shortage of interest from retail investors. So, although SMOG’s value may have pulled back from last week’s peak, its multi-chain plans and upcoming airdrop indicate it has the potential to explode upwards once more. Investors can buy SMOG tokens through Solana-based DEXs like Raydium and Orca or by heading straight to the smogtoken.com website. 3. Wen (WEN) Next up is the super-popular Wen (WEN) token on Solana. WEN has become one of the most talked-about new meme coin launches, integrating the “wen moon” meme into a cryptocurrency token. At its core, WEN represents fractionalized ownership of a poem NFT split into one trillion tokens airdropped to one million wallets. It was the first coin officially launched on Jupiter’s LFG launchpad and has performed impressively in the seven days since. WEN’s value is up 62% since launching on Jupiter, with the token boasting a 24-hour trading volume of $41 million. All in all, for those looking to speculate on the next viral meme coin, WEN and its unique approach check many boxes. 4. Coq Inu (COQ) Coq Inu (COQ) is a meme token hosted on the Avalanche blockchain that now has a market cap of over $139 million. Riding the wave of interest in animal-themed tokens, Coq Inu features a rooster theme to set itself apart from meme coins based on dogs. However, the creators admit that it has no intrinsic value and is purely for entertainment rather than investment. Despite that disclaimer, hype and speculation have pushed COQ’s value up 115% in the past week alone. More than $11 million worth of COQ has traded hands since yesterday, making it the 13th most-traded meme coin globally. Although COQ may still be a fraction of the size of Dogecoin (DOGE), its exponential growth suggests that there could be more upside ahead for risk-tolerant investors. 5. Catfish (CATFISH) Rounding off our list of potential 10x meme coins in 2024 is Catfish (CATFISH). This brand-new token takes a hilarious approach, branding itself as an antidote to all the hype and false promises that have become part of the meme coin space. With a maximum supply of one billion tokens and no taxes, the creators aim to let CATFISH rise and fall on the power of its community alone. So far, the market seems intrigued by CATFISH’s concept, with the token up 311% since its launch yesterday. CATFISH now has a market cap of $1.3 million, attracting over $7.7 million in spot trading volume. Despite being the newest meme coin on our list, Catfish has the potential for massive growth if it continues capitalizing on its parody idea.

12 days ago
ethereum_economistxHodler
ethereum_economistxHodler

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