Category: MemeCoin

MemeCoins are a category of cryptocurrencies that often start as jokes or memes but can gain significant popularity and value, like Dogecoin or Shiba Inu. They are typically community-driven and can be highly volatile.

In this section, we provide updates on various meme coins, market trends, price analyses, and community-driven events. We may also discuss the cultural impact of these coins and how they interact with the broader cryptocurrency market.

Amid the formation of a bullish pattern, the CAT token gains 37%.

In conclusion, Simon’s Cat (CAT) meme coin recently saw a 37% increase after a bull flag pattern appeared on its daily chart. The increase in investor activity and the addition of new exchange listings could result in further gains for the token.

Bull Flag Pattern Indicates Potential Rally

According to trader Zak, CAT’s price has formed a classic bull flag pattern, often a sign of further upside. The token rose from $0.000024 to $0.000038 by Oct. 21, forming a flagpole before pulling back slightly. Consolidation between $0.000038 and $0.000044 was noted by another trader, Mr. Albert, indicating an impending breakout.

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Investor Activity and Market Performance

Due to a rise in daily trading volume to more than $60 million, CAT’s market capitalization increased from $166 million to $233 million over the past week.The meme coin’s listing on OKX and strong investor interest—including a whale purchase of $26,000 worth of CAT—has driven buying activity. The number of CAT holders also grew, reaching 235,666 by Oct. 28.

1000006309 Bitmala
Source: crypto.news

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Mixed Signals Are Shown by Technical Indicators

Technical indicators suggest a possible pause even though CAT’s upward momentum is still present. The MACD is showing a weakening trend, indicating potential short-term consolidation, and the Relative Strength Index (RSI) fell from overbought levels to a neutral 54.

D3 Global Unveils .APE Domain Names for ApeCoin Community

Summary

D3 Global has released .APE domain names providing ApeCoin holders to create a new web3 identity through newly created ApeChain. This initiative is part of an effort to make an interoperable name service for for the Apecoin ecosystem.

.APE Domains Go Live on ApeChain

D3 Global, which is a worldly known company for their specialization in web3 domain has officially launched .APE domain names for ApeCoin community which started as a memecoin. This initiative was announced on October 22, these domains will allow ApeCoin users to create their own tokenized web3 identities with the help of ApeChain layer-2 network.

Proposal Backed by ApeCoin Community

The launch follows a community-approved proposal that is in symmetry with the Internet Corporation for Assigned Names and Numbers (ICANN)‘s rollout of new generic top level domains (TLD)s. This effort is part of a larger initiative to enhance the utility and branding of ApeCoin users.

Multiple Uses for Tokenized .APE Names

ApeCoin holders can use these tokenized .APE names for several purposes, including email addresses, wallet addresses, decentralized identifiers, and as usernames across web3 platforms. This brings added functionality and personalization to ApeCoin’s growing ecosystem.

Building the Future of Web3

Gerard Hernandez of the APE Foundation expressed his excitement about the partnership with D3 Global stating:

“There is an imminent need for a comprehensive, all-in-one name solution that not only facilitates the growth of the APE brand and community, but also ensures futureproof utility for users.”

The domains will be available first to ApeCoin holders, with public availability set to follow soon.

What is Goatseus Maximus (GOAT) and why is it trending?

Summary

Goatseus Maximus is the most talked about crypto platform right now and rightfully so because it has been moving up continuously. This simple crypto token has made people millionaires.

Goatseus Maximus ($Goat) is a meme token that operates on Solana blockchain. Its recent attention in memecoin market is all thanks to an ai bot called Truth Terminal, which helped propel it to a peak market cap of $150 million in just few days. It is also the reason Truth Terminal has become a millionaire. The token operates on solana market and has been traded on several active markets.

The token reportedly grew by 12,000% in the first 24 hours of its launch. More importantly, it is showing no signs of falling out with its rising demands among crypto enthusiasts. GOAT price has surged to a new ATH of $0.4664 just a few hours ago, and much more might come with this popularity. The creator of this coin is unknown, however the AI bot that has been caretaking it has become the first AI to become a millionaire. It really did make this token into a super memecoin. The creator of truth terminal said he wanted to develop a meme themed cryptocurrency one day and interestingly so that dream turned into reality.

The bot began posting about the GOAT singularity and revealed that he had an idea, that “I have an idea for a new species of goatse,” later naming it Goatseus Maximus. With this idea, someone created the memecoin and tagged Truth of Terminal, which decided to endorse it in its posts. The bot also invested lots into GOAT tokens and now is a millionaire. With continuous promotions, both the ai bot and GOAT helped each other become multi-million dollar owners. One can buy Goatseus Maximus on Lbank, Raydium and Orca.

As of October 20, the price of Goatseus Maximus (GOAT) is $0.384 with a 24 hour trading volume of $207,013,769. This does represent a 4.42% price decline in the last 24 hour but it is still increasing considering the past 7 days. With a circulating supply of 1 Billion GOAT, Goatseus Maximus is valued at a market cap of staggering $388,063,586.

PEPU – An Ethereum Layer-2 raises $15 Million

Pepe Unchained is taking advantage of the growing trend of Layer-2 Blockchain, which works as a solution built on top of already scaled and successful major blockchains such as Ethereum. This is done to drastically enhance scalability and reduce costs. Several other memecoins die out and don’t get to see the light of day as soon as the hype dies out but Pepe Unchained has distinguished itself by introducing the first Layer-2 network focused solely on the meme, internet culture, and turning it into a profitable blockchain empire.

The Layer-2 known as “Pepe Chain” is detailed to be 100 times faster than Ethereum featuring a special block to instantly bridge back to the Ethereum network. With this massive technological Innovation, PEPE has managed to attract a following of over 25,000 potential Buyers, with over 8100 members in its telegram channel and over 19,000 Twitter followers.

The presale of PEPU offers PEPU tokens at $ 0.00985, and as the project continues and it’s value increases. Not only this but PEPE Unchained also offers double staking rewards, and provides additional payment or output for early investors. The team behind this project has also hinted at launchinghttps://x.com/pepe_unchained/status/1838641240583344541 a custom Decentralized Exchange(DEX) on the Pepe Chain.

Binance Launches Hamster Kombat (HMSTR) on Launchpool, Trading Starts September 26

Wyoming, U.S.A Binance has revealed the 58th project on its Launchpool platform: Hamster Kombat (HMSTR) is a P2E game and is designed based on the Telegram mini-app with the features of a crypto exchange CEO simulator. The launch will enable farmers to earn $HMSTR tokens by staking an equivalent of BNB and FDUSD.

Beginning from September 23, 2024, 00:00 (UTC) users can stake BNB and FDUSD to receive planned HMSTR airdrops within three days of farming. After the farming phase, Binance will list HMSTR starting September 26, 2024, 12:00 (UTC). To trade, trading pairs of HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, and HMSTR/TRY will be available.

HMSTR Launchpool Details:

  • Token Name: Hamster Kombat (HMSTR)
  • Total Token Supply: 100,000,000,000 HMSTR 
  • Launchpool Token Rewards: 3,000,000,000 HMSTR (3.00% of total supply)
  • Hourly Hard Cap per User:
    • 3,541,666.66 HMSTR in BNB pool
    • 625,000 HMSTR in FDUSD pool

Shiba Inu Investors Flee to Bitnance After DAO Scandal

Following the theft of $100k at the Shiba Inu DAO, new token, BTN on the Binance Smart Chain is where investors are heading. A notable concern worth mentioning is that the recent troubles associated with the token such as its large supply and security concerns have harmed the confidence.

On the other hand, there are scarce and limited means available and recognized such as Bitnance with only 10.5 million tokens, is attracting SHIB holders. As SHIB struggles with internal and market problems, the preference for stability and value makes it a much more appealing option. The presale is picking up pace pretty quickly for Bitnance, which can be considered a rather sound means of value.

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Wake Me Up When September Ends: Dogecoin Creator Reacts to Bitcoin Crash

Co-founder of Dogecoin, Billy Markus recently tweeted, ‘Wake me up when September ends’ after Bitcoin touched below $59k. It trended towards around $57k. This tweet gives a perfect feel of what investors are feeling at the moment. They are drained of the volatility in the market and wishing and praying for a better course.

September has not seemed to favor the Bitcoin because it has an average loss of about 6% through history. However, some analyst believe that this may not be as worse as people imagine it to be this time around. Nevertheless, they are convinced that the Bitcoin price may recover and will not decline as is common with most markets in the month of September.

Of course, investors are clearly stressed with this latest trend but many are still holding out for Bitcoin to prove us wrong this month. Who knows? Perhaps, September will not be that bad as it has been for the previous years.

Major Memecoins Bottoming Out. Will This Be The Greatest Entry?

Heard of someone turning $100 into 100k or maybe $1k into a million? Well, there are lots of such stories in crypto. But how?

Memecoins are the lottery tickets to these stories. People got an ROI of 100x-10000x from $DOGE, $SHIBA, $FLOKI, $BONK, $TURBO, etc. They are usually driven by the community without any utility. Now, the real question is “when is the right time to buy memecoin”.

Looking at the price chart of top memecoins, Bitmala team has discovered a potential pattern.

Screenshot 2024 09 01 at 8.11.43 PM Bitmala

DogWifHat ($WIF) looks extremely oversold at the current price with a stochastic RSI of 20.

Screenshot 2024 09 01 at 8.12.13 PM Bitmala

Shiba Inu ($SHIB) looks extremely oversold at the current price with a stochastic RSI of 20.

Screenshot 2024 09 01 at 8.12.43 PM Bitmala

Dog Runes ($DOG) looks extremely oversold at the current price with a stochastic RSI of 10.

Screenshot 2024 09 01 at 8.13.06 PM Bitmala

Turbo ($TURBO) looks extremely oversold at the current price with a stochastic RSI of 10.

Screenshot 2024 09 01 at 8.13.32 PM Bitmala

FLOKI ($FLOKI) looks extremely oversold at the current price with a stochastic RSI of 20.

Screenshot 2024 09 01 at 8.14.36 PM Bitmala

BONK ($BONK) looks extremely oversold at the current price with a stochastic RSI of 10.

Screenshot 2024 09 01 at 8.15.11 PM Bitmala

Dogecoin ($DOGE) looks extremely oversold at the current price with a stochastic RSI of 20.

Do you see a bottom here? Are you buying any memecoins in this market?

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Shiba Inu Now Used as Collateral on Kraken for Futures Trades

Shiba Inu ($SHIB) is soaring up in crypto world. Kraken Pro recently announced that $SHIB can be used as collateral for future tradings. This place $SHIB with popular cryptocurrencies such as Bitcoin, Ethereum, and others.

SHIB’s lead developer, Shytoshi Kusama responded to the news with a simple angel emoji on Twitter. This very move could rocket SHIB’s presence in the crypto world.

Adding to that, the burn rate of $SHIB soared up by a massive 139,10% in just 24 hours, with over 96 million tokens burned. The burning of the tokens reduces the circulation of the number of coins, adding more value to $SHIB.

With all these happenings around $SHIB, known investors are also showing interest with large transactions over $100,000 rising by 64%. Increment in community involvement was seen by 14% in daily active SHIB addresses.

With SHIB being used as collateral and tokens being burned at record rates, we can see the level up of $SHIB in crypto world.

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US Judge Dismisses Dogecoin Lawsuit Against Elon Musk

Elon Musk just steered clear of a huge legal battle. A U.S. judge tossed away a $258 billion lawsuit accusing Musk and Tesla of influencing Dogecoin.

The lawsuit, filed by investors in June 2022, just cleared up in 2024. The lawsuit claimed Musk was manipulating his twitter following to pump up Dogecoin prices (it spiked over 36,000%) and then let it crash. This manipulation was named “Dogecoin Pyramid Scheme,” pointing to tweets where Musk joked about being Dogecoin’s CEO and even sending it Mars via SpaceX.

On august 29, Chief Judge Alvin Hellerstein stated that Musk’s tweets to be jokes and not financial advice. He cleared it out saying no reasonable investor would take them seriously.

Musk’s lawyers called the claims pure fantasy and the judged agreed and dismissed the case.

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