BNB Chain has announced a new initiative called “Meme Heroes” to support the growth of meme coin projects. The company will allocate 0,000 for liquidity pool (LP) support, extending its commitment of million to accelerate meme coin innovation on BNB Smart Chain (BSC). All revenue generated from these LPs will be reinvested back into […]
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Brett Surges Almost 20% as New Base Chain Meme Coin DAWGZ Hits $2M in ICO
The Base blockchain continues to grow – with two joke tokens making headlines this week.
Brett (BRETT), Base’s largest meme coin, has surged almost 20% in the past 24 hours.
Hot on its tail, newcomer Base Dawgz (DAWGZ) is also causing a stir, having raised over million since its ICO went live at the beginning of the month.
BRETT Bounces Back – Is This Just the Beginning?
BRETT is turning heads with its recent price action.
After a period of uncertainty, BRETT has bounced back, currently trading at .155.
Earlier today, the token even touched .162 before pulling back slightly, showing that it still has the potential to explode.
All of this bullishness came after BRETT rejected the .130 support level.
However, despite this rejection, the momentum seems to be slowing – suggesting that the initial excitement might be cooling off.
Zooming out, BRETT is still stuck in a range on the higher timeframes.
The 4-hour chart also showcases the token’s indecision, with the price unable to decide whether it wants to stay above or below the 50-period exponential moving average (EMA).
Despite this indecision, there’s no denying traders’ interest.
Spot volumes are up 53% since yesterday, showing that traders are paying more attention to BRETT.
BRETT has even leapfrogged Book of Meme (BOME) in the market cap rankings.
Why Are Investors Flocking to Base Meme Coins?
It’s not just BRETT making waves on the Base blockchain.
The entire Base meme coin market is surging, with its total value rising 10% to over billion in the past day.
Trading volumes are also on the up – now at 0 million.
While BRETT, DEGEN, and TOSHI continue to dominate the conversation, newcomers are quickly making their mark.
BENJI, for instance, has been rocketing up the charts, proving there’s always room for new players.
But what’s driving the meme coin mania on Base?
For starters, Base’s layer-2 architecture offers much lower transaction fees than Ethereum’s mainnet.
This makes it an attractive playground for developers and traders looking to capitalize on the demand for meme coins.
Add to that Base’s growing user base – now at over 500,000 daily active users – and you’ve got a recipe for viral growth.
Base total value locked (TVL) has also rocketed to .5 billion.
These figures show why Base has become a breeding ground for meme coins in 2024.
Could Base Dawgz be the Next Big Base Meme Coin?
Alongside BRETT, another Base meme coin is making headlines this week.
Base Dawgz has just sailed past the million milestone in its ICO, showcasing the enormous interest from retail investors.
Importantly, the buzz around Base Dawgz isn’t just because of its ICO success.
Social media platforms are also red-hot with chatter about this meme coin, with the project’s Twitter page now at 4,000 followers.
Most of the excitement is about DAWGZ’s multi-chain capabilities.
Imagine buying DAWGZ tokens on Base, quickly transferring them to Ethereum to take advantage of a new DeFi opportunity, and then zipping over to Solana to trade.
This is what the Base Dawgz developers have in mind.
Adding to the buzz is the project’s Share-to-Earn protocol.
It’s turning meme-making into a lucrative hobby, with community members earning points for creating and sharing DAWGZ-related content.
These points can later be exchanged for DAWGZ tokens – creating a self-fulfilling hype cycle.
Base Dawgz’s whitepaper has also caught the eye of investors.
It outlines plans for DEX listings, marketing pushes, and mysterious “community rewards.”
Ultimately, as the Base ecosystem grows, meme coins like Base Dawgz are perfectly positioned to benefit.
Whether DAWGZ will be the next BRETT is anyone’s guess – but it’s certainly ticking all the right boxes.
Top 10 TON Chain Coins Reach $20 Billion in Combined Value
Over the past month, toncoin (TON) has appreciated by 18.4% against the U.S. dollar, achieving a new all-time high last week. Current data indicates that the top ten TON chain coins, including TON, have a combined value of more than billion. Gaming and Meme Tokens Drive TON’s Market Growth to Billion The Open […]
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Nova Chain Drives Mass Adoption with DAO Community-Driven Blockchain and AI Platform
PRESS RELEASE. Nova Chain is making significant strides in the digital content industry with its innovative blockchain platform. Designed to empower content creators, Nova Chain combines advanced blockchain technology with AI-driven algorithms to provide secure content management, transparent monetization, and personalized audience engagement. The platform is built to support the evolving needs of digital content […]
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Dydx Chain Launches New Software Version, Adds Slinky Oracle for Real-Time Price Updates
The decentralized finance (defi) protocol, Dydx, has officially launched version 5.0.0 of its blockchain software, introducing innovative trading features aimed at enhancing market dynamics and user control. This update, approved by the Dydx community, includes the implementation of isolated markets and margins, designed to refine risk management and collateral usage. Dydx Chain Launches Upgrade According […]
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Floki Name Service Is Live on BNB Chain
Floki Name Service, a decentralized domain name service by the popular meme coin, is now live exclusively on the BNB Chain mainnet. This service allows users to create a unique .floki domain name, which can be used as an on-chain identity and for other purposes such as launching a decentralized website, blog, or résumé. Built […]
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Chainlink Chain Reaction: Analyst Sets Sights On $33 Target
Chainlink (LINK), the oracle network powering decentralized applications (dApps), has been making waves in the crypto market. After a successful surge, the digital asset is now setting its sights on even higher ground, with analysts predicting a bullish run and price targets as high as .
At the time of writing, LINK was trading at .27, down 6.4% and 11.0% in the daily and weekly timeframes, data from Coingecko shows.
Support Levels And Re-accumulation Signal Bullish Trend
LINK’s recent price action has analysts excited. The token decisively broke through a key resistance level on the daily timeframe, a bullish indicator suggesting buyers are in control. Even more promising, the price then revisited this level, not as resistance, but as a new support zone. This “flip” from resistance to support strengthens the uptrend’s validity.
Adding fuel to the fire, LINK’s price has grown a healthy 25% in the last month. This significant gain reflects growing investor confidence in Chainlink’s potential. The overall sentiment surrounding the project seems to be shifting towards optimism.
$LINK Ready for a Retest!#LINK broke the resistance on the Daily timeframe and is probably going to retest it as support.
This would be considered bullish if the support holds.
Perfect and Healthy Price Action for #Chainlink pic.twitter.com/EaxDBpVK2T
— Crypto Yapper (@CryptoYapper) June 6, 2024
Analyst Sees LINK Soaring
Market sentinels are taking notice of LINK’s bullish momentum. Crypto Yapper, a popular analyst in the crypto space, believes a retest of the new support level is imminent. If the price holds firm at this point, it would be a strong confirmation of the ongoing uptrend. Yapper emphasizes the importance of this potential support in establishing a positive long-term outlook for LINK.
LINK Price Prediction
Meanwhile, based on the latest forecast, the price of LINK is projected to rise by 30%, reaching .71 by July 7, 2024. However, despite this optimistic price target, several technical indicators suggest caution. The current market sentiment for Chainlink is bearish, indicating short-term pessimism among investors.
Related Reading: VanEck Predicts Explosive Ethereum Growth: Could ETH Reach .2 Trillion?
Additionally, the Fear & Greed Index, which measures market emotions, stands at 77, reflecting “Extreme Greed.” Such a high level often signals that investors are overly confident, potentially preceding a market correction. Over the past 30 days, Chainlink has shown a 50% rate of green days and a 10.73% volatility rate, indicating a balance between gains and losses but also a moderate level of price fluctuations.
The Road Ahead For LINK
With all eyes on Chainlink, the next few weeks will be crucial in determining the validity of the bullish predictions. If LINK can overcome the technical hurdles and reach its price targets, it could be a sign of a resurgent market for the entire cryptocurrency industry.
Featured image from calheartmedical.com, chart from TradingView
New Base Chain Meme Coin Base Dawgz Raises $200K on First Day of Presale
Base Dawgz (DAWGZ), the new meme coin channelling the extreme thrills of base jumping, has come soaring out of the gates. This adrenaline-pumping token pulled in over 0,000 in the first 24 hours of its presale going live – and early investors are speculating that DAWGZ could be the next meme coin on the Base […]
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Fake Crypto Airdrop: Tether’s CEO Warns Of Ongoing Supply Chain Email Exploit
Tether’s CEO Paolo Ardoino has alerted the crypto space to another wave of supply chain email scams in an X post. The CEO urged the community to exercise extreme caution while the issue is resolved.
Exciting News: It’s A Scam!
On Wednesday, online reports surfaced of suspicious emails being sent to the crypto community. Per the reports, investors received emails from crypto companies offering an upcoming token airdrop.
First, users received emails from Bitfinex announcing “exciting news” for the exchange. The email revealed an upcoming ERC20 airdrop of their “new $BFX token” for all Bitfinex users. The reason behind the airdrop was the recent approval of Ethereum spot exchange-traded funds (ETF).
The email offered a “claim now” link that redirected to a website asking to connect to the user’s wallet. Despite the suspicious look of the email, investors doubted its legitimacy as it came from the crypto platform’s official address.
After being tested by the community, it was quickly revealed that the lookalike website was a scam page. An X user tested the page with an empty wallet and found they were “not eligible” for the airdrop.
However, the user tried Rabby Wallet’s watch-only feature with a VB wallet. The user found that all the ETH “would be sent to another wallet, so there was no airdrop for vb.” The destination wallet was empty, which suggested that the scam generated a new wallet for each victim.
The user confirmed the theory after testing it with a second wallet. This tactic would make tracking the number of victims and the money involved more difficult.
Likewise, several users reported receiving strange emails from Coinbase asking to verify secondary addresses. The racist email claimed that the crypto exchange was shutting down and stated that all funds would be lost if they didn’t verify their secondary email for withdrawal authorization.
The email also came from the official Coinbase address. However, the post was unauthorized as the sender used racial slurs and doxed himself.
Paolo Ardoino Warns Of Ongoing Crypto Scam
Tether and Bitfinex’s CEO, Paolo Ardoino, took X to address the situation. In his post, Ardoino revealed he had received reports from two independent sources confirming that a prominent vendor used by crypto companies had suffered a security breach.
The vendor, which was not named, manages the mailing lists of several important crypto companies. Similarly, CoinGecko’s COO Bobby Ong warned users about the ongoing supply chain email attack targeting the community:
Several crypto companies may be affected via email blasts of fake token launches. Be careful with email newsletters in the coming days.
Despite being affected by the security breach, Ong assured users that CoinGecko’s website and mobile app had not been impacted and were safe to use. Moreover, he clarified that the crypto-tracking website was not launching a token, nor did it have plans to.
It’s worth noting that this is not the first time a supply chain email attack has targeted the crypto industry. In January, a massive phishing campaign drained around 0,000 from investors after a scammer sent unauthorized emails from different crypto-related companies.
It was revealed at the time that a member of the exploited vendor’s customer support team became the initial point of compromise. As of this writing, there are no official reports of affected users or lost funds yet.
FLOKI Token Reaches 417,400 Holders, Leading Memecoin on BNB Chain
The memecoin FLOKI recently crossed 417,400 holders on the BNB Chain, making it the biggest memecoin on that blockchain by market capitalization and number of holders. Recently, the Floki developers launched a new Telegram-based trading bot that allows holders to trade any token on the BNB Chain network, charging a 1% fee, with 50% of […]
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