Category Archives: Crypto News

The Winklevoss twins, Cameron and Tyler, have become shared owners of the Real Bedford Football Club (RBFC), which is currently under the ownership of Bitcoin podcaster Peter McCormack. The twins showed support for the club’s objectives by investing a Bitcoin equivalent of $4.5 million via their own company, Winklevoss Capital. This capital will be allocated to setting up a Bitcoin treasury for the club and constructing a new training center. McCormack has the aspiration of elevating the RBFC to the English Premier League, a vision that the Winklevoss twins also endeavor to realize, having faith in Bitcoin’s potential to make this happen. This follows their previous donation of $4.9 million to a political action committee with a cryptocurrency focus.

The cryptocurrency market is a highly unpredictable one where fortunes of investors can change dramatically. Ali Martinez, a crypto expert, predicts that Bitcoin will continue its bullish trend and potentially reach $85,000 in the near future.

At the same time, two meme coins – KangaMoon and Pepe – are gaining popularity in the crypto market. KangaMoon has performed exceptionally well, providing significant returns for early investors and making its token, KANG, one of the top new meme coins on the market.

KangaMoon has a play-to-earn platform where users can participate in challenges to win real-world prizes and returns. Additional rewards can be earned by engaging in community activities that promote the project online.

The presale of KangaMoon started slow but has picked up momentum, with the price of the KANG token increasing from $0.0050 to $0.0196 in stage 5, resulting in a 290% return on investment for early holders. New buyers will also receive a 10% deposit bonus. The presale has raised over $4.5 million and is expected to reach $6 million by the end of April.

With over 6,000 token holders and 20,000 registered community members, KangaMoon is one of the most popular meme coins for 2024. The team behind the project plans to list the token on a major tier 1 CEX exchange in Q2, potentially increasing KANG’s price to $0.5.

Based on its success in the presale, KangaMoon is expected to surpass other popular meme coins like Shiba Inu, Bonk, and Dogecoin in 2024. Analysts are forecasting significant rallies in the future, making this an opportune time to invest in KangaMoon for potential profit.

In other news, Ali Martinez has made a bold prediction about the price of Bitcoin. According to his analysis, if Bitcoin can maintain support above $70,800, the next target could be $85,000. The price of Bitcoin has already established support at $70,000 and has increased by 5% in the past week. With the upcoming halving, there is potential for further growth in the Bitcoin market.

Pepe is another meme coin experiencing an increase in demand. Its trading volume has risen 40% on average in recent days, and its market cap has surpassed $3.2 billion. With a 5% gain in just a few days, Pepe’s price could potentially reach $0.000010 in April.

For those interested in participating in the KangaMoon presale, there are exciting opportunities available. The website provides more information about the project and its potential rewards. Joining the Telegram community also allows for further engagement and updates.

KangaMoon combines GameFi and play-to-earn features, giving users the opportunity to earn KANG tokens and exclusive rewards through battles and betting on fighters. Rare NFTs can also be obtained, and alliances can be formed with fellow gamers as users climb the ranks and leaderboards.

For more information or inquiries, Kangamoon can be reached via email at [email protected]. Further details about the company can be found on their website, https://kangamoon.com/.

According to a crypto analysis company called IntoTheBlock, two smaller meme coins have surpassed Dogecoin in terms of the number of active traders. Degen is currently leading with 129,000 active traders, followed by The Doge NFT with 126,000.

IntoTheBlock explains that traders are defined as addresses that have held the asset for less than a month, and an increase in traders usually indicates a positive trend. While Dogecoin has been a dominant player in the meme coin market, it seems to be losing some of its dominance.

DEGEN was launched on the Ethereum scaling platform, Base, in January. It is currently ranked 212th by market cap and is trading at $0.0337, with a decrease of over 9% in the past 24 hours.

The Doge NFT tokens are fractionalized versions of the famous Doge photo, created by Atsuko Sato and won at auction by PleasrDAO. It is currently ranked 295th by market cap and is trading at $0.0165, with a decrease of almost 1.5% in the past 24 hours.

IntoTheBlock also points out that Dogecoin needs to reach a price of $0.20 in order to reach new highs. At that price, there are 32,000 addresses holding 3.78 billion DOGE at a loss.

Currently, DOGE is trading at $0.195.

Disclaimer: The opinions expressed by The Daily Hodl are not investment advice. It is important for investors to do their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are done at the individual’s own risk, and any losses are their responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets and is not an investment advisor. Please note that The Daily Hodl may participate in affiliate marketing.

The digital currency market went through a major decline on Friday, resulting in a loss of over $200 billion in just a few hours. Close to $1 billion was rapidly sold, with meme coins being among the top losers. BONK, one of the most prominent meme coins, saw a drastic 25% drop, bringing its value to under $0.000017. Similarly, WIF also experienced a significant decline, dropping to below $3, which is noteworthy as it had recently reached an all-time high of almost $5. Other meme coins like PEPE, FLOKI, Shiba Inu, and Dogecoin also took a hit with decreases of 21%, 20%, 13%, and 12% respectively. CoinGecko data indicates that the entire meme coin sector saw a decrease of approximately 20% in its total market value in the past day, reaching $54 billion. On the other hand, the overall crypto market cap went down by 6.5%. According to CoinGlass, the total liquidated positions totaled nearly $900 million in the last 24 hours. This occurrence highlights the volatile nature of meme coins and serves as a caution for investors, especially those who engage in leverage trading. In conclusion, the recent market correction is a reminder of the potential risks associated with investing in unstable assets like meme coins.

Reworded:

The Runestones collection, which was distributed to holders on March 15th, has quickly become the second most valuable collection of NFTs, following CryptoPunks. Currently, the collection has a market capitalization of nearly $600 million and a minimum price of 0.08 BTC or $5,500 on Magic Eden. The creator of Runestones, known as LeonidasNFT, has a goal of introducing millions of people to Bitcoin through this collection.

The purpose of the Runestones collection is to reward early supporters, known as Ordinals OGs, who have contributed to the ecosystem during its first year. The concept is to distribute three memecoins to each Runestones holder, beginning with a dog wearing an orange hoodie. These memecoins will be released once the creator of Ordinals, Casey Rodarmor, launches the Runes protocol. This protocol will offer an alternative to the BRC-20 token standard, utilizing UTXOs to facilitate simpler and more efficient data inscriptions on the Bitcoin blockchain.

According to Jake Gallen, who is responsible for strategy at Emblem Vault, other projects may also create portals for claiming or distributing tokens to Runestone holders due to the large number of holders and the idea of a “free and fair” distribution. He also believes that Runestones could be an effective way for projects to attract and retain users.

The use of memecoins in the Runestones collection aligns with the current trend of memecoins, which have a collective market capitalization of $65 billion. These memecoins have gained popularity and are becoming more mainstream, thanks in part to communities like DogWifHat, which raised $700,000 to display their memecoin’s image on the Las Vegas Sphere. While Solana has been a popular network among those interested in memecoins, other networks are also growing in popularity.

Leonidas decided to build the Runestones collection using the Bitcoin brand, as it is the largest, longest-running, most secure, and most well-known blockchain. He believes that creating memecoins on the Bitcoin network has a strong narrative for many individuals. Additionally, Runestones are built on Bitcoin’s Taproot upgrade, which allows for airdrops of NFTs and fungible tokens from other protocols.

Leonidas sees memecoins as the most transparent form of speculation in the cryptocurrency industry, in response to the unfulfilled promises of utility tokens in the past. His goal is to make the Runestones community the largest memecoin community in the world, given the larger size of Bitcoin compared to Ethereum.

Disclaimer: This article is for educational purposes only and should not be considered as investment advice. The author does not endorse any specific products or make any investment recommendations. Readers should conduct their own research before making any investment decisions.

Cryptocurrency trader Myles G has made a bold prediction about the future price of Dogecoin. While most analysts believe the meme coin will remain stable, Myles predicts that it could rise to $0.26 by April 20. Myles, who has a large following on Twitter, shared that his price models suggest DOGE will reach this target on April 20 at 4:20 pm EST.

If Myles’ prediction holds true, it would mean a 34% increase for Dogecoin and return the coin to its highest value since November 2020. The $0.26 target aligns with the “4/20” theme, which has become a popular day for meme coin enthusiasts. This convergence of factors on April 20 could potentially create a favorable situation for DOGE traders.

However, Dogecoin has experienced volatility in recent days. Despite this, the coin has maintained strong trading activity and is currently valued around $0.198. Open interest in Dogecoin perpetual futures has decreased as leverage traders were affected by the unstable price action.

While Dogecoin continues to dominate headlines, traders are also looking for other meme coins that may see a rise in April. One contender is Slothana (SLOTH), which is getting ready for a decentralized exchange (DEX) launch. The SLOTH token’s presale has raised over $10 million in funding, indicating the growing interest in new meme coin projects. Slothana aims to target the “degen” crowd and the 4/20 holiday.

Although Myles G’s forecast should be looked at with caution, it is one to keep an eye on in the coming days. Additionally, traders are comparing Slothana to the previously successful SLERF token, which achieved a market capitalization of $484 million without any real-world use. If Slothana can replicate this success, it has the potential for a post-listing spike once it is listed on exchanges.

Readers should perform their own research and be careful when making investment decisions. This article is provided by a third party, and crypto.news does not endorse any products mentioned.

In the world of cryptocurrency, there is a growing interest in meme coins as we approach 2024. One particular coin, known as Furrever Token (FURR), has garnered attention for its unique blend of charm and innovation. FURR has set out to revolutionize the meme coin landscape and challenge established coins like Pepe (PEPE) and Bonk (BONK). With a supportive community and attractive features, Furrever Token offers not only financial potential but also an engaging user experience.

At the moment, the price of Pepe Coin (PEPE) stands at $0.000007131, indicating a 2.5% increase from the previous day. This rise can be attributed to the market’s recovery of Bitcoin, which has injected renewed vigor into the altcoin market. Over the past month, Pepe’s price has followed a bullish pennant pattern, pointing towards a period of consolidation before buyers potentially regain control of the asset. If the market conditions remain bullish, Pepe’s price could reach $0.0000082, resulting in an 8% gain. However, if the support trendline is broken, the correction may prolong, potentially pushing the price down to $0.00000313.

Meanwhile, Bonk Token (BONK) currently trades at approximately $0.00002223, displaying a modest 3% increase from the previous day. BONK is currently in a crucial position, with its trendline support being tested near $0.00002400, closely following the 100-day Exponential Moving Average (EMA). There seems to be a symmetrical triangle pattern emerging, indicating a potential retracement towards the 200-day EMA. Analysts have a neutral outlook on BONK and foresee a probable retest of the demand zone around $0.00001500.

In a market where serious blockchain projects dominate, Furrever Token (FURR) sets itself apart as a whimsical and delightful meme coin. FURR’s main goal is to create a fun and enjoyable crypto ecosystem centered around adorable kitties. The project prioritizes security and compliance, conducting a smart contract audit and implementing measures for a secure user experience. FURR has so far raised over $720,000 in its presale stage and aims to reach $1 million. With an enthusiastic community and active involvement, Furrever Token is poised to dominate the meme coin scene in 2024.

Overall, meme coins like Furrever Token, Pepe Coin, and Bonk Token are gaining attention in the cryptocurrency space. Investors are keeping a close eye on their market dynamics and price movements as they navigate the market’s volatility.