A closely followed crypto analyst says that one on-chain metric is signaling that meme asset Dogecoin (DOGE) may soon witness a burst to the upside. Crypto analyst Ali Martinez tells his 37,300 followers on the social media platform X that the memecoin is experiencing a steady rise in the number of new addresses, contributing to […]
The post Dogecoin Flashing On-Chain Signal That’s Laying the Groundwork for Potential Upward Price Action, Says Analyst appeared first on The Daily Hodl.
Cryptocurrency analytics platform Santiment is naming three digital assets that it says possess long-term bullish prospects. Santiment says that Ethereum (ETH), Shiba Inu (SHIB) and the artificial intelligence-focused crypto project Fetch.ai (FET) are witnessing a reduction of the supply held on exchanges by their top 10 holders. According to Santiment, the moving of the three […]
The post Ethereum, Shiba Inu and One Altcoin That’s Exploded Over 250% in Two Months Flashing Bullish Signals: Santiment appeared first on The Daily Hodl.
Binance, the world’s largest crypto exchange platform by volume, is announcing an update that will reduce the minimum order size of some of the top memecoins by market cap. In a new update, Binance says that it will be reducing the mandatory minimum order size of certain meme assets for spot and margin trading pairs, […]
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Pseudonymous Shiba Inu (SHIB) lead developer Shytoshi Kusama is proposing a strategy to onboard more people into the dog-inspired crypto asset as billions of the memecoin’s tokens are burned. In a series of tweets on social media platform X, Shytoshi Kusama lays out a plan to spur the perpetual global adoption of Shiba Inu. The […]
The post Lead Shiba Inu Developer Teases New ‘Partnershib,’ Outlines Plan for SHIB To Be Adopted Worldwide Perpetually appeared first on The Daily Hodl.
A closely followed analyst says that crypto whales have gobbled up hundreds of millions of dollars worth of top altcoin Ethereum (ETH) during the last seven days. In a new thread, crypto strategist Ali Martinez tells his 36,100 followers on the social media platform X that deep-pocketed traders have accumulated tens of thousands of ETH […]
The post Crypto Whales Heavily Loading Up on Ethereum, Accumulate $230,000,000 in ETH in One Week: Trader appeared first on The Daily Hodl.
Crypto analyst and trader Ali Martinez is expressing bullish sentiment on Cardano (ADA) and one low-cap altcoin. Starting with the eighth-largest crypto asset by market cap, Martinez tells his 35,700 followers on the X social media platform that “with no significant resistance barriers in sight, the path looks clear for ADA to move higher”. According […]
The post Trader Says Path Looks Clear for Cardano To Move Higher, Predicts ‘Big Price Move’ for Controversial Altcoin appeared first on The Daily Hodl.
Dogecoin (DOGE) competitor Bonk (BONK) is continuing its steep ascent, nearly doubling up in price over the last 24 hours. The meme asset, which was built over smart contract platform Solana (SOL), recently surpassed its rival Shiba Inu (SHIB) in daily trading volume en route to its price of $0.000028 at time of writing, an […]
The post Dogecoin Competitor BONK Continues Precipitous Climb, Exploding Nearly 100% in 24 Hours appeared first on The Daily Hodl.
The Solana (SOL)-based dog-themed meme asset Bonk (BONK) has surpassed rival Shiba Inu (SHIB) in daily trading volume as its price jumps over 40% in just 24 hours. New data from crypto data aggregator CoinMarketCap reveals that the Dogecoin (DOGE) competitor has seen a staggering 71.8% increase in daily trading volume, bringing its total to about […]
The post Dogecoin Rival BONK Surpasses Shiba Inu in Trading Volume As Price Leaps Over 40% in 24 Hours: CoinMarketCap appeared first on The Daily Hodl.
Memecoins are a gamble — and they're almost always scams. What motivates crypto buyers to continue losing their money for bad reasons?
In 2013, the launch of a dog-themed crypto token as a private joke between a couple of software developers was a harmless piece of fun. The fact that Dogecoin (DOGE) has since amassed a market capitalization greater than $13 billion (as of Dec. 13) is beyond the understanding of most investors, but it seems like it's here to stay. The sector that DOGE has inspired, though, is becoming a menace to an industry that needs to evolve.
Memecoins are dangerous. They are dangerous because the large majority of those who put their money into them never see it again; they are dangerous in the way they damage the credibility of the entire cryptocurrency industry; they are dangerous in the way ownership is so highly concentrated, and they are dangerous because they are proliferating.
As of Dec. 13, there are around 1,300 memecoins in circulation with a collective market cap of about $22 billion, a sizable figure. However, take a close look at the CoinMarketCap memecoin sector, and you’ll notice that nine of those listing pages contain utterly worthless coins.
One “lucky” trader is drawing attention for taking huge profits in just one month by trading a new Dogecoin (DOGE) and Shiba Inu (SHIB) rival. According to the blockchain-tracking service Lookonchain, the trader racked up about $2.5 million in profits, or a 6,102% gain, by buying and selling Grok (GROK), a token inspired by, but unrelated, to […]
The post Lucky Trader Nets 6,102% Profit in Series of Trades on Explosive New Dogecoin and Shiba Inu Rival: On-Chain Data appeared first on The Daily Hodl.
