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Bitcoin's (BTC) rise to as high as $35,000 this week has also lifted a number of memecoins, including Floki (FLOKI), which has beaten its top rivals in percentage gains.FLOKI price up 140% amid Bitcoin ETF hype, TokenFi launchAs of Oct. 27, FLOKI had surged over 140% to $0.00004261, its highest
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In mid-April 2023, a frog memecoin called Pepe dominated discussions in crypto circles after going up parabolically in the span of a few hours, going up by as much as 21,000%. Pepe follows a long list of memecoins led by Doge and Shiba Inu that made millions for some and
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A number of memecoins drawing their likeness from the United States Securities Exchange Commission (SEC) and its chair Gary Gensler have seen a sharp spike in price following the regulator's lawsuits against crypto exchanges Coinbase and Binance.One such token is Good Gensler (GENSLR) which rallied more than 260% in the
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In episode 22 of Hashing It Out with Cryptox’s Elisha Owusu Akyaw, Sara Gherghelas, blockchain research analyst at DappRadar — a cryptocurrency data tracking platform — discusses the recent hype around memecoins, while looking at on-chain data. Gherghelas also provides insights on how other sectors, such as nonfungible tokens (NFTs),
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Ordinals have triggered a frenzy in memecoins and NFTs on the Bitcoin network, with mining revenue riding high. The explosive popularity of memecoins and non-fungible tokens (NFTs) on the Bitcoin (BTC) network has induced a surge in mining revenue. However, how long this positive development will last remains to be seen.
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Memecoins’ security and dependability as a medium of exchange remain a topic of debate in the cryptosphere. Memecoins are said to be safe and decentralized, but some are concerned about their volatility and lack of oversight. Memecoin proponents claim that because they are decentralized, users have more control over
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"The hype of meme coins is usually exciting, but often followed by a market crash, similar to what we saw with DOGE and SHIB two years ago,” said Youwei Yang, chief economist at publicly traded bitcoin mining company, BTCM. “The market correction for memecoins this week is largely due to
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The market valuation of Pepecoin (PEPE) has dropped by 65% as of May 12, a week after its record high of $1.54 billion.Profit-taking appears to be the primary reason behind the extreme price correction, after it rallied from almost nothing to as high as $0.00000372 after its launch on April
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Bitcoin fell 9.42% from May 5 to May 12 to trade at US$26,365 as of 7:30 p.m. on Friday in Hong Kong. The world’s largest cryptocurrency by market capitalization has been trading under US$30,000 since April 19. Ether fell 7.3% over the week to US$1,765, losing the key US$1,800 support
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Memecoin buyers are playing the crypto-equivalent of Powerball — with many "playing" hoping for "life-changing money" yet only a few will walk away with the jackpot, says Matrixport’s head of research.Memecoins have seen a huge resurgence over the last week. Crypto tokens such as Pepe (PEPE) and Milady (LADYS) have
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