TronWeekly

Crypto World News

You are here: Home / Archives for Meme Coin

Meme Coin

Unleashing The Potential Of Meme Coin Utility: Exploring Elonator, Shiba Inu & ApeCoin For Optimal Returns

by

While evaluating cryptocurrencies for investments, people often struggle to identify the factors that make them successful in the long run. Some believe a platform’s overall appeal enables it to beat the competition. Others consider the platform’s community a precursor of its long-term performance. However, one thing that definitely plays a role in the success of cryptocurrencies is their utility.

In this article, we delve into the importance of meme coin utility by analyzing the impact of the Shibarium Layer 2 launch on Shiba Inu’s (SHIB) value, ApeCoin’s (APE) various features that make it a strong contender, and Elonator’s (ETOR) groundbreaking approach to become the best meme coin.

<< Click Here To Learn More About Elonator Presale >>

Shiba Inu Gains Back Momentum

Shiba Inu’s value is back on the rise after a steady decline in the last trading period. This surge in its price can be attributed to the Shibarium Layer 2 launch, as it promises greater transaction speeds and lower costs, positioning it as a more user-friendly and efficient platform. Moreover, its burn rate just crossed 1 billion. This move limits the supply of the coin, driving its value up. 

As a result of these events, Shiba Inu has observed a surge in active addresses on its platform, signalling a boost in its perceived value and meme coin utility by the users. This positive sentiment amongst the Shiba Inu community highlights that coins with utility like Elonator should also expect long-term stability, even if short-term fluctuations occur. 

Where Does ApeCoin Derive Its Value From?

Another example of a cryptocurrency that is considered sustainable due to its uses in the crypto realm is ApeCoin. The meme coin utility goes beyond transactions, enabling the token holders to participate in governance by casting votes and playing a role in shaping the future of the APE ecosystem. This highlights the project’s commitment to inclusivity, making it an attractive choice for investors. 

Taking inspiration from Apecoin’s community-driven approach, Elonator aims to take social media communities to the next level. It seeks to hire individuals for community management, arrange social media contests and crypto giveaways, introduce NFT competitions, and much more. 

ApeCoin can also be integrated into metaverse and NFTs, bridging the gap between virtual reality and digital assets. This expands the use-cases for the ApeCoin ecosystem, expediting its journey to success and rendering it sustainable.

Elonator Is Not Your Average Meme Coin

Elonator is an emerging and visionary crypto project expected to take the crypto world by storm after its launch. Its presale is starting soon, and investors are ready to pour their capital into Elonator for exponential gains. Its commitment to making the entire crypto ecosystem safe and transparent with smart contract functionality and antibot mechanisms makes it a highly valuable and attractive asset for investors.

Elonator has a laser-sharp focus on its user experience. It eliminates whale dumping and reduces the volatility of its token by implementing blocking techniques to benefit its users and keep them satisfied. Its unique approach, features, and unmatched utility position it as one of the best cryptocurrencies.

The Ultimate Choice of Investors

Cryptocurrencies with utility, including meme coin utility tokens, should be the go-to assets for people looking for long-term gains. Shiba Inu and ApeCoin’s commendable performance despite fluctuations highlights the impact of utility on cryptocurrencies’ value. Aligning with this view, Elonator has emerged as a strong contender in the crypto space with its unparalleled utility, community-driven solid approach, and futuristic vision, making it one of the top cryptocurrencies to invest in in 2023.

So, invest early in the Elonator project for exponential capital growth.

Presale: https://buy.elonator.com/ 

Website: https://elonator.com

Telegram: https://t.me/ElonatorCoin

Twitter: https://twitter.com/ElonatorCoin

Dogecoin Defies Trademark Norms, Sparks Crypto Cheers

by

The beloved meme cryptocurrency, Dogecoin, has been at the center of a groundbreaking development by the United States Patent and Trademark Office (USPTO). A recent denial of a trademark application from the USPTO has created significant reverberations within both the cryptocurrency and legal spheres.

The grounds for the refusal stem from the Trademark Act Sections, which assert that the mark in question is “generic for the applicant’s services.” This decision, if upheld, could have far-reaching implications, potentially erecting a formidable barrier against future attempts to trademark anything connected to Dogecoin.

F4QaXrVXwAAUL9V
Source

The focal point of the failed application was a design featuring the iconic Shiba Inu dog and the letter “D” within a gold circular medallion. The intended usage spanned educational conferences in blockchain technology to software development within distributed computing platforms.

Dogecoin’s Triumph: Embracing Decentralized Ethos

The USPTO’s denial hinged not solely on the mark being “merely descriptive,” but crucially, on its classification as “generic.” According to US law, generic terms cannot be granted trademark protection, regardless of any accrued distinctiveness or secondary meaning. Dogecoin’s passionate community has welcomed this decision, viewing it as a victory for the cryptocurrency’s cherished decentralized ethos.

Prominent figures within the Dogecoin ecosystem have applauded the USPTO’s examiner for demonstrating a deep understanding of the cryptocurrency’s history. The examiner’s thorough approach has resonated positively among enthusiasts. @RichDevX expressed jubilation at the examiner’s response, while @mishaboar, a respected member of the Dogecoin community, commended the examiner’s careful consideration.

However, optimism should be tempered with caution. While the community sees this decision as a win, it’s crucial to recognize that the USPTO’s ruling remains subject to further assessments and potential legal challenges. The decision is not final and could still be undermined by future errors or oversights. To safeguard this recent achievement, the Dogecoin community must remain vigilant and ready to respond to any potential challenges that may arise.

In conclusion, the USPTO’s refusal of a trademark application linked to Dogecoin marks a significant moment in the cryptocurrency’s journey. The decision aligns with the community’s desire to uphold the decentralized spirit that has endeared Dogecoin to so many. While the outcome is promising, it’s imperative for enthusiasts to stay engaged and proactive in the face of possible future developments. Only time will reveal the enduring impact of this decision on the broader landscape of cryptocurrency trademarks.

Pepe’s Play: Profits, Losses, Crypto’s Way

by

In the fast-paced world of cryptocurrencies, Pepe seems to be gaining a lot of traction while even the mightiest players are not immune to the inherent volatility that characterizes the market. A recent transaction involving a prominent crypto whale has brought attention to the risks and strategies undertaken by these influential traders.

Screenshot 12
Source: X

However, about 5 hours ago, news broke that a whale had sold 1.07 trillion $PEPE tokens at a loss of around $62,000. This sale marked a stark contrast to the initial investment made just six days prior. In a calculated move, the whale had expended 750 $ETH, equivalent to $1.39 million, to acquire the same amount of $PEPE. However, the market’s unpredictable nature led to a subsequent sale at the value of 250 $ETH ($457,000) and 876,000 $USDC. This loss underscores the precarious nature of trading in a space renowned for its wild price fluctuations.

What caught the attention of analysts even more was the whale’s decision to diversify its portfolio. Alongside the $PEPE venture, the same investor allocated 294 $ETH ($538,000) towards the purchase of 11.26 million $TOSHI tokens on a platform known as #Base. This intriguing move illustrates the ever-present pursuit of high rewards coupled with an understanding of the need to distribute risk across different assets.

Pepe’s Strategy: Speculation and Decision Insight

The cryptocurrency world is rife with speculation about the motivations behind such actions. While the exact reasoning behind the whale’s decisions remains speculative, several potential factors come to the forefront. Firstly, the whale’s willingness to accept a loss on Pepe may indicate a strategic shift to minimize losses and reduce exposure to a single token. Diversifying holdings can cushion the impact of losses on one asset by redistributing risk across multiple investments.

Secondly, the decision to purchase $TOSHI might hint at the whale’s anticipation of a potential uptrend in that particular token. As Base is recognized as a platform for emerging tokens, this move could reflect the investor’s interest in identifying underpriced assets with the potential for significant growth.

This sequence of transactions sheds light on the intricate dance of risk and reward that takes place in the cryptocurrency realm. Even seasoned investors must navigate an environment where immense gains and losses can transpire within mere hours. The whale’s experience offers a valuable lesson for both aspiring and established traders – while substantial gains are possible, prudent risk management and diversification are crucial to safeguard against the market’s inherent volatility.

In conclusion, the recent activities of a cryptocurrency whale encapsulate the essence of the crypto market: a roller-coaster of potential gains and losses that require a strategic mindset. This incident serves as a reminder that, regardless of stature, every participant is at the mercy of the market’s capricious nature. It remains to be seen whether the whale’s calculated diversification strategy will yield gains in the long run or if further market turmoil lies ahead.

Crypto Degens Swarm Extraterrestrial Memecoins

by

Crypto degens were quick to seize the opportunity as the United States government’s purported concealment of extraterrestrial activity triggered a frenzy of speculation in the crypto world. At a widely-watched hearing, former government officials revealed details about alien spacecraft and “biologics,” prompting the swift emergence of a vibrant collection of extra-terrestrial-themed memecoins.

Testifying under oath at the House Oversight Subcommittee on National Security, David Grusch, a former Pentagon task force member on Unidentified Aerial Phenomena (UAP) and whistleblower, shook the world by accusing the U.S. government of hiding evidence of alien visitation to Earth. The July 26 hearing quickly went viral, becoming a hot topic of discussion across social media platforms.

Within a mere 24 hours of the shocking revelations, the crypto community witnessed the emergence of more than 50 alien, UFO, and other extra-terrestrial-themed tokens. These speculative coins, sporting intriguing tickers like “ALIENX,” “UFO,” and “ALIEN,” became the center of attention for eager traders looking to jump on the extraterrestrial bandwagon.

Despite the speculative nature of the tokens, some cautionary voices raised concerns about potential scams. Many of these new memecoins are known for being “honeypots,” designed to attract investors with the hype surrounding a particular topic while implementing mechanisms that hinder them from selling their tokens later.

Fortunately, most of these tokens saw minimal trading activity, which indicated a degree of caution exercised by the crypto community. While Twitter and Google searches were flooded with discussions about the alien-themed coins, their actual trading volumes remained relatively low.

Double-Edged Sword of Crypto Innovation

In the midst of the frenzy, Ryan Graves, the executive director of Americans for Safe Aerospace, and retired Navy Commander David Fravor also testified at the hearing. Fravor, known for capturing footage of a “tic tac” UAP off the West Coast in 2004, described the unexplainable capabilities of these objects, which defied our current understanding of material science.

Ryan Graves, Executive Director of Americans for Safe Aerospace

Despite the speculative nature of the new tokens, some showed a modest level of performance. The UFO Gaming Token (UFO) gained 2.4%, while the AlienFi token (ALIEN) recorded a 5.9% increase, according to data from CoinGecko.

As the dust settles on this wild extraterrestrial crypto craze, the crypto community is reminded of the importance of staying cautious and doing due diligence before diving into speculative investments. While the allure of exploring the unknown might be intriguing, it is essential to remember that the crypto market is not immune to scams and volatility.

In the end, this extraordinary episode serves as a reminder that the crypto world, with its rapid pace and innovative spirit, can be a double-edged sword, where opportunities and pitfalls coexist. As the crypto degens move on to their next venture, the world awaits to see what new phenomenon will drive the next wave of speculation in this ever-evolving digital landscape.

Shiba Inu Predicted To Soar to $0.01, Surpassing All-Time High

by

Gov Capital, a data analytics platform, utilized advanced deep learning algorithms to make projections about Shiba Inu’s (SHIB) daily price until July 27, 2028. While the firm’s forecast indicated that SHIB is not expected to reach $0.01 or $1, it did anticipate the asset’s price surpassing its previous all-time high of $0.00008616.

Screenshot 298
Source: Gov Capital

According to the deep learning algorithm by Gov Capital, SHIB could achieve a significant peak at $0.000207 on July 26, 2028, signifying a substantial 2530.24% gain from its current levels. The platform further predicted that SHIB might enter the “three-zero” territory by September 2026.

Despite these positive projections, there is still uncertainty surrounding Shiba Inu’s ability to attain the desired price targets of $0.01 or $1 in the near future, partly attributed to potential data limitations in the deep learning algorithm.

Shiba Inu’s Untapped Potential: Shibarium Launch

It’s important to note that the deep learning algorithm employed by Gov Capital did not account for certain factors, including the launch of Shibarium and the accompanying new burn mechanism. The introduction of Shibarium is expected to bring about numerous real-world use cases for Shiba Inu (SHIB), potentially attracting more users and consequently influencing prices. Additionally, there are rumors suggesting that the new burn mechanism may be responsible for burning trillions of tokens monthly. If implemented, this could significantly reduce SHIB’s circulating supply, leading to potential price increases. By incorporating Shibarium and the new burn mechanism into their predictions, Shiba Inu (SHIB) might have a better chance of reaching the $0.01 target.

However, the complete details of Shibarium and the new burn mechanism remain undisclosed, leaving room for speculation. The possibilities and expectations surrounding these developments are based on mere rumors, making it challenging to definitively predict their impact on SHIB’s price. Despite the uncertainty, many individuals remain hopeful that their expectations will be met. The truth will be revealed when Shibarium is unveiled later this year.

Shiba Inu’s Future Price: Millionaires Dream or Fantasy Scheme?

by

Shiba Inu has established itself as a significant player in the cryptocurrency world, renowned for being a meme coin and holding the second-largest market position. The team behind SHIB has consistently displayed their commitment to its development through various initiatives.

Currently, Shiba Inu is trading at approximately $0.000007, burdened by five zeroes in its indices. In order to turn present-day investors into millionaires, SHIB needs to remove four of these zeroes and reach the $0.01 milestone. However, accomplishing this feat is easier said than done. The dog-themed token must burn trillions of its tokens to achieve this significant goal and fulfill the financial aspirations of investors.

Considering that many Shiba Inu holders are willing to patiently wait for the long term to achieve this ambitious objective, the question arises: what will the price of Shiba Inu be in 2028, specifically five years from now? This article will explore the potential price of SHIB in 2028 and the possibility of removing zeroes from its value.

ROI Surge: Shiba Inu’s Growth Projections Unveiled

Leading metrics and price prediction firm, Gov Capital, has presented an optimistic outlook for Shiba Inu in 2028. Although their prediction falls short of reaching the $0.01 mark, they anticipate that SHIB could eliminate two zeroes within the next five years.

Gov Capital’s analysis suggests that Shiba Inu has the potential to reach a maximum high of $0.00021275 and a minimum price of $0.000185 in July 2028. Therefore, it seems that SHIB may only remove two zeroes during this period, resulting in a trading range with three zeroes.

Screenshot 294
Source

This projection indicates a substantial increase in return on investment (ROI), with an approximate gain of 2,500% from its current price of $0.000007. For instance, if an investor were to make a $1,000 investment at the current levels, it could potentially yield $26,000 by 2028, provided the prediction proves to be accurate.

However, it is crucial to note that there is no guarantee that Shiba Inu will successfully eliminate two zeroes within the next five years. The cryptocurrency market is highly volatile and can swing in either direction, leading to potential losses. Prospective investors are advised to thoroughly research and analyze the market before considering an investment in Shiba Inu.

Unmasking the 16% Surge: Why Skepticism Surrounds This PEPE Rival

by

It is common for crypto projects to imitate each other, especially when a project gains popularity as a meme coin. The success of PEPE has attracted several new imitators, including PEPE 2.0. Presently, 2.0 is leading the altcoin market by experiencing a 16% surge in growth, bringing its price to $0.000000125 at the time of this writing, according to CoinMarketCap data.

PEPE
Unmasking the 16% Surge: Why Skepticism Surrounds This PEPE Rival 7

PEPE 2.0’s remarkable growth is noteworthy, especially during a time when the crypto market is predominantly experiencing bearish price trends. The inherent volatility in the market allows for sudden surges like the one 2.0 has recently witnessed.

However, what raises concerns is the current state of the meme coin’s community. Despite being relatively new 2.0 has already had its Twitter account banned, presumably due to actions that violated Twitter’s ethical guidelines.

The performance and success of any meme coin heavily rely on the unity and excitement within its community, both of which are lacking in the case of PEPE 2.0. This raises doubts about the authenticity of the observed 34% increase in the token’s trading volume, suggesting that external factors may have influenced this growth rather than organic market dynamics. These inconsistencies in the performance metrics of PEPE 2.0 serve as a warning sign, urging investors to exercise caution before investing in this meme coin.

PEPE: A Cautionary Tale of a 16% Surge

PEPE continues to capture attention as one of the most talked-about crypto projects launched this year. Interestingly, since its introduction a few months ago, it has already attracted two new competitors that adopt either the same name or branding. While each of these alternative altcoins presents its own unique ideology and goals, it is still premature to determine their authenticity as legitimate projects.

In the past, Shiba Inu witnessed the emergence of various new variants that proved to be genuine projects. However, skepticism surrounds PEPE, and its new rivals must go the extra mile to convince investors of their legitimacy and relevance in the Web3.0 era.

Today, the overall cryptocurrency market has experienced a positive shift, reflected in a combined industry capitalization of $1.22 trillion, marking a 0.90% increase in the past 24 hours. This resurgence encompasses various sectors, including the meme coin realm. Notably, KEK, a PEPE copycat, is spearheading the charge with an impressive growth rate of 71.77% at the time of this writing.

PEPE Takes Center Stage: 10% Rally Sparks Memetic Coin Frenzy

by

PEPE coin is off to a strong start this week, experiencing a noteworthy surge of 10% within the last day amidst a broader market rebound. As of now, this coin stands out as the leading performer among the top three meme coins, with a price of $0.000001637. Notably, PEPE has displayed a comparatively positive growth trend throughout the week, in contrast to its counterparts who are experiencing a period of decline.

PEPE
PEPE Takes Center Stage: 10% Rally Sparks Memetic Coin Frenzy 9

In contrast, this Meme coin has demonstrated greater responsiveness to new investments that can fuel significant growth surges. Due to its comparatively smaller market capitalization, which stands at approximately $644 million, PEPE exhibits a greater tendency for upward trends compared to both Shiba Inu (SHIB) and Dogecoin (DOGE).

Redefining Expectations for PEPE Coin

Although there is still a long way to go for PEPE, there are several significant milestones to keep an eye on this week. One such milestone is the potential breakthrough of the $0.000002 price level, which would require the current price rally to be sustained. During its initial launch, this coin exhibited the type of growth typically seen in highly anticipated Layer 1 blockchain networks.

As a result, it quickly rose to the ranks of the top 100 cryptocurrencies by market capitalization and currently holds the 68th position. Another important event to monitor this week is its steady ascent in the rankings, aligning with its expected growth trajectory.

In the short term, it may pose a challenge for PEPE to reach its previous all-time high of $0.000004354, but it would be premature to dismiss the possibility of achieving smaller victories along the way.

PEPE seems to be emerging as the frontrunner in the battle for meme coin dominance, as it continues to attract new investments across various metrics. Many market analysts anticipate that it is only a question of when, rather than if, PEPE will surpass SHIB in terms of popularity and market position.

There was a notable resurgence in the crypto market, with Bitcoin testing the $30,000 price level for the first time since April. Amidst this overall market recovery, meme coins such as Dogecoin (DOGE) and PEPE have garnered significant attention from traders. Analyst Miles Deutscher embarked on a comparison to determine which of these two meme coins would have a more favorable long-term outlook.

$4B Dogecoin On The Move: Robinhood Hikes Its Reserves

by

The trading volume of Dogecoin, the original meme cryptocurrency, increased by almost 20% over the past day, while at the same time, two anonymous wallets exchanged staggering sums of Dogecoin, amounting to several billion DOGE. After it was revealed over the weekend that the Robinhood trading app had expanded its DOGE stockpile by around 11%, these enormous funds were transferred.

Whale Alert, a well-known blockchain site that monitors significant cryptocurrency transfers, has discovered two enormous transactions that each carried two billion DOGE, 1,958,943,330 and 2,076,945,575 meme coins.

These were the corresponding amounts in US dollars of $126,443,671 and $134,060,347, respectively. The transfers were carried out through wallets identified by Whale Alert as anonymous about 14 hours ago, according to the aforementioned source. The quantity of the transactions, however, may give away the fact that they could be crypto exchanges reorganizing their crypto holdings.

Popular platform Robinhood, which lets users trade equities and cryptocurrencies and keeps cryptocurrency on behalf of users, saw an increase in DOGE holdings over the weekend. The information made public on Friday shows that Robinhood’s wallets have 38,317,905,469 DOGE. This enormous chunk of meme cryptocurrency was valued at $2,579,369,807.

The same source’s wallet tracker, @DogeWhaleAlert, reports that Robinhood held $1 billion less DOGE a month ago than it does now. Overall, Robinhood’s DOGE holdings increased from the 16.23% reported on May 25 to 27.39% today.

Dogecoin Price Hikes Evidently

According to an hourly chart on TradingView (Binance exchange), DOGE showed a rise of 2.44% today and is currently trading at $0.0651. DOGE briefly fell below the $0.0650 mark yesterday for the first time in the previous five days, but it swiftly rose back above it.

According to information given by CoinMarketCap, the trading volume of DOGE increased by around 20% in the last day, reaching $246 million. However, at the time of writing, Dogecoin was priced at $0.06537 with a significant hike of 0.81% over the last 24 hours.

Shiba Inu Community Burns 341.50 Million SHIB, Boosting Its Market Position

by

The Shiba Inu community has successfully moved a staggering 341.50 million SHIB from circulation, effectively burning them forever. This impressive achievement was accomplished through five separate transactions, marking the largest burn event since June 10th. That day, the community transferred 211.14 million SHIB to a dead wallet using three different transactions. Since then, no significant burns have been recorded, making this recent development even more noteworthy.

Koyo Token (KOY) and an enigmatic wallet emerged as the key players responsible for the significant reduction in SHIB supply. Koyo Token (KOY), a community-driven project, played a prominent role in burning the most SHIB in a single transaction. In a jaw-dropping move, they sent a whopping 252.87 million SHIB to the dead wallet. Shibburn.com data reveals that this impressive transaction took place approximately thirteen hours ago.

Shiba Inu (SHIB) Astonishing Surge

Shortly after, a mysterious wallet, which had remained inactive for nearly two years, made a sudden appearance. This dormant wallet transferred its entire SHIB holdings, totaling 84.40 million SHIB, to the Inferno address in a single transaction.

The cumulative effect of these burns has caused the overall burn rate to surge by an astounding 6936.88% over the past day. Consequently, Shiba Inu has achieved a remarkable feat by flipping DAI, WBTC, and TON, propelling it to the position of the world’s 14th largest cryptocurrency by market capitalization.

The notable burn event has substantially impacted Shiba Inu’s value, leading to a 13% increase in its price within the past day alone. This surge in value has propelled SHIB to become a formidable contender in the cryptocurrency market, solidifying its position as the world’s 14th largest cryptocurrency by market capitalization, surpassing DAI, WBTC, and TON.

SHIBUSDT 2023 06 22 15 41 40
Source: Tradingview.com

As of press time, Shiba Inu is trading at $0.00000830, with a 24-hour trading volume of $249.31 million. With a market capitalization now standing at an impressive $4.86 billion, Shiba Inu continues to make waves within the crypto community. Investors and enthusiasts eagerly await further developments as the Shiba Inu community’s efforts to burn SHIB contribute to its growing market prominence.

Related Reading: | Tether Extends Its Reach: Launches USD₮ On Kava Blockchain, Strengthening DeFi Ecosystem