https://tkcdn.tekedia.com/wp-content/uploads/2022/10/24132904/coins-ETH-BTC.jpg The category of meme coins is gaining attention from investors in the cryptocurrency world. Three tokens in particular, PEPE, Shiba Inu (SHIB), and POPCAT, are emerging as top contenders with the potential to see gains of 5X in June. PEPE: Although there hasn’t been much change in price over the last 24 hours, PEPE […]
https://public.bnbstatic.com/image/pgc/202405/7062a04707e7275a0921c5af182c4261.jpg WienerAI (WAI), a unique combination of a meme coin and an AI trading bot, has garnered significant attention in the crypto market, with its presale raising more than $3 million. This article delves into the reasons behind WienerAI’s popularity, exploring its innovative use of AI technology within a meme coin framework. At its core, […]
Tue, 28/05/2024 – 14:27 https://i.ytimg.com/vi/XBheaJPX-Ac/maxresdefault.jpg The first viral meme in the crypto market and the biggest token on Solana, Dogwifhat (WIF), is making waves not just in the world of cryptocurrency, but also in the media. Its recent surge in price has caught attention, featuring an adorable Shiba Inu puppy donning a knitted hat. In […]
https://pbs.twimg.com/ext_tw_video_thumb/1781140839017959424/pu/img/uI12gttjHKqpXWzX.jpg Positive Forecast for June for Dogecoin and Other Memes Coins Based on Dogs | CoinGape
A video featuring a cat by Steve Chen, co-founder of YouTube, serves as the inspiration for the creation of a Memecoin with a market capitalization of $20 million. https://cimg.co/wp-content/uploads/2024/03/25151523/1711379722-best-crypto-memes-300×200.jpg Steve Chen, a co-founder and former chief technology officer of YouTube, is supporting a memecoin endeavor inspired by an early cat video posted on the platform […]
The South African cryptocurrency platform, VALR, has secured two new licenses from the Financial Sector Conduct Authority (FSCA) in line with the updated rules for crypto exchanges in the nation. These licenses, referred to as crypto asset service provider (CASP) licenses, were issued to VALR following its successful acquisition of $55 million in equity funding from benefactors including Pantera Capital and Coinbase Ventures. VALR is now among the pioneering cryptocurrency businesses in South Africa to possess both Category I and II CASP licenses. Farzam Ehsani, VALR’s CEO, communicated the firm’s dedication to adherence and security, while also congratulating the regulators for creating a supportive regulatory environment for the cryptocurrency sector that simultaneously guards investors. In June 2023, the FSCA began accepting license applications, thereby providing crypto asset service providers a six-month period to comply with South Africa’s regulations.
The cryptocurrency exchange OKX has added two well-known meme coins, WIF/USD (Dogwifhat) and MEW/USD (Cat in a Dog’s World), to its list of offerings. This decision was made as more people are becoming interested in meme coins, causing them to have market values in the billions. OKX users can now deposit and trade WIF and MEW tokens using Tether stablecoin. On April 15, trading for these tokens began and withdrawals became available on April 16.
Both WIF and MEW have seen significant growth in the past few months. WIF, which launched in November 2023, now has a market capitalization of nearly $5 billion, making it one of the top 50 cryptocurrencies. It currently ranks number 42 and is the third-largest meme coin, following only Dogecoin. MEW, on the other hand, was launched on March 26 and aims to compete with other dog-themed meme coins such as DOGE and Shiba Inu.
As of right now, WIF is trading at around $3, showing a 9% increase in the last 24 hours. MEW is currently trading at $0.0052, exhibiting an 87% jump from the previous day.
With the addition of WIF and MEW, OKX now offers about 20 meme coins on their platform. The growing popularity of these coins raises concerns about their long-term sustainability and role in the cryptocurrency world. These topics will likely be discussed at Benzinga’s upcoming Future of Digital Assets conference on November 19.
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The value of Bitcoin decreased from its peak of approximately $70,500 last week to a low of $62,800, attributed to investors taking profits in anticipation of the upcoming halving and concerns about the broader economy. This decline in Bitcoin’s price also caused a downturn in the overall market, with significant drops of up to 18% seen in major cryptocurrencies.
