Donald Trump’s memecoin - Official Trump [TRUMP] fuels memecoin mania as the memcoin market surges to $121 billion.
from CoinGecko, the total market capitalization of memecoins had surged to $121 billion, reflecting a 5.3% increase in the past 24 hours.Notably, CryptoQuant CEO Ki Young Ju, once a vocal critic, has revised his perspective, now recognizing the growth and potential of these cryptocurrencies.
For those unaware, earlier, Young Ju criticized memecoins, referring to them as “gambling products” and highlighting the challenges faced by the broader crypto industry.“As long as a meme has enough mindshare, memecoins can take on countless forms in the future. The possibilities are practically endless. Celebrity coins, like $TRUMP, are just one example.”“The underlying reality of financial markets behaving like memes isn’t going away, so it’s worth considering how to make the most of it.
Therefore, given the memecoin’s tendency for sudden spikes, traders should stay vigilant for breakouts accompanied by significant volume, which could signal an opportunity to go long.Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tech CEOs Nab Prime Inaugural Seats Over Trump Cabinet, GovernorsIgor Bobic is a senior HuffPost reporter who covers Congress, the White House, and political campaigns. He can be reached at igor.bobichuffpost.com and is on Twitter igorbobic.
Read more »
Bitcoin Price Could Explode to $249,000 by 2025, Says CryptoQuantNew data from CryptoQuant suggests Bitcoin's price could reach as high as $249,000 by 2025 under ideal conditions. The projections are based on Bitcoin's realized cap growth and market multipliers, with three potential scenarios outlined. The most optimistic scenario sees Bitcoin's market cap hitting nearly $5 trillion, driven by continued institutional adoption and strong capital inflows. Even the most conservative estimate places Bitcoin's price at $145,000 by 2025.
Read more »
Lara Trump Claims Democrats Are Lying About Peaceful Transition After Trump's RefusalLara Trump, former co-chair of the Republican National Committee, accused Democrats of lying about wanting a smooth and peaceful transition of power after the 2020 election. This comes after former President Trump continued to falsely claim the election was stolen and refused to concede, inciting violence on January 6th. Trump's hypocrisy was widely criticized on social media.
Read more »
Trump Appears To Blame Hezbollah For Pro-Trump Violence On Jan. 6Ryan is a national reporter at HuffPost -- one of few who have the good fortune to work from the site's Denver office.
Read more »
Melania Trump Admits Divisions With Donald Trump, Teases Return Of Derided PlatformSpanish/English journalist covering a wide range of topics -- from breaking news and politics to popular culture, street art, memes, satirical takes, environmental issues, social media trends and more.
Read more »
Democrats to Grill Trump's Attorney General Nominee on Corporate Ties and Loyalty to TrumpFormer Florida Attorney General Pam Bondi, Donald Trump's pick for Attorney General, faces scrutiny from Democrats over her lobbying history and potential conflicts of interest.
Read more »