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There is a lot of hype around the market right now for meme coins. More and more are popping up and many of them are even pumping a crazy amount. What does this mean for Dogecoin (DOGE)? Is it good news that other projects are bringing more investors to the sector, or bad news that others are stealing the limelight? We will try to figure that out in this coming piece.
Although there is a lot of buzz around projects like Pepe coin (PEPE) and Wojak (WOJAK) it is likely that if you didn’t invest in these coins before their initial pump then you have missed the boat. Coins with no utility like these are not made to last but they can be very profitable if you can spot the right project before it takes out.
We think we have unearthed two perfect meme coin projects to get behind right now. In AiDoge (Ai), not to be confused with arb doge, we have a meme coin with real utility that is built to one day be the biggest meme token. You can find more information on Aidoge at chúng tôi While with Spongebob token (SPONGE) we have a coin that looks to have all the properties that can make it go viral and give its early buyers 800% gains.
Before we show you why these coins should already have the FOMO brewing in you, let’s see what is in store for Dogecoin.
Dogecoin is not headed for $1 anytime soonIn the intro of this article, we asked was this new meme coin buzz good or bad for Dogecoin. Well, the answer is it is bad. For so long Dogecoin (DOGE) and Shiba Inu (SHIB) have remained at the top of the meme coin ladder relatively unchallenged but this new generation of meme coin looks like it will topple them.
As we can see from its monthly price chart these come up for rival coins has tanked the price of DOGE. This is because these new projects simply offer more. Either you have the developed and unique ecosystem of what AiDoge will bring or you have a new more fun coin like Spongebob token that will likely pump much faster due to its newness.
So, now that we know that DOGE won’t hit $1 anytime soon let’s look at the two coins that could.
AiDoge- The meme generation platform that already raised over $3.5 millionThe AiDoge (Ai) presale has so far been a resounding success. It only began last week but has already surpassed the $3.5 million mark as investors realize that this meme coin could soon topple the rest and take the throne from DOGE.
Its standout feature is that it will be the first AI-powered meme-generation platform for crypto enthusiasts. The AI technology will have a vast knowledge of the crypto market so it will be able to give creators templates and other aids so they can make the best and funniest crypto memes we have ever seen.
Exposure, native currency, and prizes are all on offer for the best creators so this added competition element will surely draw more users to the site and in turn, pump the price of Ai. The best meme will be voted on by the community and displayed on the first page of the site and weekly and monthly competitions will ensure that the site’s best creators are suitably rewarded.
At the essence of every good meme coin is its ability to go viral at any time, after all, isn’t that basically the point of memes? Well, the potential is off the charts for AiDoge. The crypto community runs on memes; it is the fuel of a lot of discussion across social media. So a project that has all the best memes being shared to every corner of the internet represents an undeniable ability to go viral.
AiDoge represents a new generation of meme coin that values the traditions of the past but also has an extreme focus on being a lasting factor in the market through well-planned security measures and USPs.
Then we have Spongebob token (SPONGE) which is a throwback meme coin just like what DOGE and SHIB originally were. There has been so much buzz around the market lately most of which has been caused by coins like WOJAK but especially PEPE which amazingly saw a 10,000% rally.
That number is just staggering, it is literally life-changing and now the hunt is on to find the next one. Investors are rabidly trawling crypto sites trying to find what meme is likely to cause a flow of investment. Well to paraphrase Barack Obama, ladies and gentlemen we think we got him.
SPONGE represents the famous Spongebob mean that is used to mock people that have said something stupid. It is hilarious and a very popular image that everyone will know. The fact no one has thought of using Spongebob, a show that is a cult classic online, as a meme toke yet is crazy but now we have it and we think it is the next meme coin to pump big time.
Unlike most of these flash-in-the-pan meme tokens, it actually has $2.13m in liquidity which is quite sizable and is another factor that should convince whales to come in soon. If the FOMO hasn’t already taken over keep an eye on their Twitter account which will be posting lots of fun updates about the coin.
ConclusionSo to conclude, unfortunately, DOGE’s days may be done, but the meme coin trend is only just beginning. In AiDoge and Spongebob token, we have given you two perfectly contrasting coins to get involved with. One promises to make a climb toward the top of the meme token ladder thanks to its unique platform and well-thought-out strategy.
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Imagine you buy $10 of Shiba Inu today, and the SHIB price pumps to $1 in 2023.
You’d be sitting on $1.25 million. Seem like a crazy return on investment? Well, a handful of crypto traders became millionaires after investing just $2.50 in Shiba Inu at the beginning of January 2023.
But here’s the big question.
Can Shiba Inu reach $1 in 2023?
The truth is, it’s impossible. Let’s look at two reasons why crypto experts suggest you should invest in up-and-coming altcoins like EverGrow if you seriously want to make the kind of money we just looked at.
Reason 1 – Small-cap tokens make the biggest ROIShiba Inu was worth $0.000000000168 on January 1st, 2023. But by October that year Shiba Inu was worth $0.00008.
SHIB’s 48,000,000% price pump meant just $2.50 would’ve made you a millionaire within 10 months.
But here’s the thing: Shiba Inu can’t possibly give the same returns again.
Why? It’s to do with the market cap. Back in January 2023 the Shiba Inu market cap was under $100,000. By October it grew to $44 billion. Today the Shiba Inu market cap is $4.4 billion.
Here’s what the Shiba Inu market cap needs to be at the following prices:
$0.00001 price – $6 billion market cap
$0.0001 price – $60 billion market cap
$0.001 price – $600 billion market cap
$0.01 price – $6 trillion market cap
$0.1 price – $60 trillion market cap
$1 price – $600 trillion market cap
The entire crypto industry is currently worth $800 billion. Crypto analysts predict it will grow to $4.5 trillion by 2030. So immediately any trader can see that prices of $0.01 and above are impossible for Shiba Inu.
Not so with EverGrow.
The EverGrow market cap is currently $35 million. So EverGrow could grow 8,500% and not even break into the crypto top 20. That kind of return would turn a $1,200 investment today into over $100,000.
Can EverGrow do it? Many crypto analysts think so.
See why below.
Reason 2 – EverGrow is burning 6,000x more supply than Shiba InuHave you read about how burning Shiba Inu can lead to insane price pumps?
Then here’s what you need to know.
Vitalik Buterin burned 41% of the Shiba Inu supply just over 18 months ago – within two weeks the price of SHIB pumped 50,000%. In dollar terms this would have turned $100 into $50,000 before your next paycheck!
There’s just one problem.
Shiba Inu has not managed to do the same again. The Shiba Burn Tracker says at the very best Shiba Inu is on track to burn through another 40 trillion tokens in 1,425 years. By that time, we probably won’t be around to check our ROI.
With EverGrow, you’re looking to replicate Shiba Inu’s success by the next bull market.
EverGrow burned through 6,000x more of its own circulating supply than Shiba Inu in November – 2.7 trillion tokens worth over $200,000. Meanwhile, Shiba Inu burned 661 million tokens worth around $6,000. Obviously something good is going on because EverGrow prices pumped over 43% in November and left Shiba Inu in the dust!
Here’s how EverGrow did it.
In September, EverGrow launched an NFT marketplace named LunaSky. But there’s a twist. EverGrow became the first project in crypto to use 100% of app revenue to burn its own token supply. The burn started in November – over $12,500 used to burn EverGrow each day!
Meanwhile, Shiba Inu launched the Shiba Eternity mobile game and announced just 5% would be used to burn SHIB. Throughout the whole month of November, only $6,000 of SHIB was burned.
Remember: the SHIB market cap is over $4 billion, and EverGrow’s just $35 million.
The effect is such that EverGrow could burn up to 20% of its supply in the next year. While Shiba Inu isn’t predicted to burn even 0.01% according to the latest analytics.
The recent developments surrounding Polygon (Matic) are remarkable. In the first two weeks of 2023, Polygon announced significant partnerships with names like Disney and Reddit. There is also the exciting launch of a web3-focused incubator with fintech giant Mastercard. On top of all that, Polygon has disclosed that it will be going ahead with a plan to hard-fork the network.
All these developments, combined with the network’s impressive analytics insight, unequivocally put Polygon in a position of strength. But what does the future hold for this Ethereum scaling solution? Let’s take a closer look.
The MATIC price is currently at USD 0.9671 after reaching a high of USD 1.05. and is up 21.2% in the last seven days. The current Global ranking is #10, with a market cap of USD 8.4B. MATIC price was stuck in a sideways trend between 75 cents and 0.90$ for some weeks before gaining 10% in 24 hours on 14th Jan.
Polygon (MATIC) Price Predictions for 2023The current market sentiment favors MATIC, and MATIC is likely to have more gains in the future. According to analysts’ predictions for 2023, MATIC could be looking for $1.2 in the short term and $1.8 in the mid-term. In Long-term, the altcoin could be looking at prices as high as $2.5 by the end of the year.
Trade top currencies such as BTC, MATIC, ETH, and more directly from your crypto wallet with Covo Finance, a 100% decentralized trading platform on Polygon. Enjoy up to 50X leverage and trade with confidence. Or, Earn up to 20-50% APR on your crypto by depositing ETH and MATIC to COVO Pools and earning a share of the platform’s trading fees.
Polygon has secured many partnerships that have bolstered its popularity and increased its usability. In the newest collaboration, Polygon has announced a partnership with fintech giant Mastercard to launch a web3-focused incubator. Disney and Reddit have also forged collaborations with the platform, while crypto payment firm Stripe has established large crypto payouts using its technology. In 8 months, Institutional deposits worth more than $11 billion were recorded by Polygon, thanks to the platform’s Ethereum’s PoS and Plasma bridges.
Major Growth in Polygon’s NFT ActivityAs per the 34th edition of the PolygonInsights report, overall key metrics show a promising future for the network. With 817,000 weekly active users, NFT volumes grew by 400%, and daily active address metric rose virtually every day.
NFTs activity on Polygon has seen explosive growth in the past year, with multiple industry giants like Adidas Originals, Prada, and Alan Howard releasing collections and investments. Big-name projects like Yoots and The Sandbox have also transitioned from Solana to Polygon, further solidifying its place in Web3. This shift is further evident from a report by Alchemy, which suggests that Polygon’s Web3 hosting capabilities make it the best-positioned protocol to drive the booming economy. Moreover, Citigroup has described Polygon as the AWS of Web3 and estimated that the Metaverse economy will be worth $13 trillion by 2030.
Whale data from blockchain analytics firm Santiment showed that following the market-wide sell-off triggered by the collapse of Terra, most MATIC supply held by whale addresses was taken off of exchanges. The event marked an outflow of over 240 million MATIC from CEXs. Later in July, observations showed another sharp decline of 120 million MATIC supply held by top exchange addresses, while non-exchange addresses had a whopping 6.6 billion MATIC.
Cardano (ADA) is a well-known cryptocurrency on the rise in recent years, with many investors bullish on its potential. However, there is another emerging cryptocurrency that is gaining traction in the market and has the potential to provide even greater gains: RenQ Finance.
In this article, we will explore the 2023 price predictions for Cardano (ADA) and RenQ Finance, as well as the factors that may impact their performance in the crypto market.
What is Cardano?Cardano is a decentralized, open-source blockchain platform that was created in 2024 by Input Output Hong Kong (IOHK). It was founded by Charles Hoskinson, one of the co-founders of Ethereum, and is named after the Italian polymath, Gerolamo Cardano. The platform was designed to address the issues faced by earlier blockchain platforms such as scalability, interoperability, and sustainability.
Cardano operates on a proof-of-stake consensus algorithm called Ouroboros, which was developed by IOHK. This algorithm is designed to be more energy-efficient than the proof-of-work consensus algorithm used by Bitcoin and Ethereum. The platform also uses a layered architecture that separates the network and computational layers, allowing for greater flexibility and scalability.
Cardano’s native cryptocurrency is ADA, which can be used for payments, staking, and as a means of exchange on the platform. The platform allows for creation of smart contracts and decentralized applications (dApps) on its blockchain, similar to Ethereum.
Cardano (ADA) Price Prediction for 2023Cardano (ADA) has been making headlines recently, with its price increasing significantly over the past year. According to CoinMarketCap, as of writing, Cardano (ADA) has a market capitalization of over $13 billion and a price of around $0.38.
Experts predict that Cardano (ADA) will continue to rise in value, with some forecasting a price of up to $0.55 by the end of 2023. This would represent a 57.14% increase from its current value.
What is RenQ Finance?RenQ Finance is a decentralized finance (DeFi) platform built on the Ethereum blockchain, a high-performance blockchain designed to support high throughput and low transaction fees. RenQ Finance aims to provide an all-in-one DeFi ecosystem with a range of products and services that include liquidity pools, yield farming, lending, vaults, an aggregation protocol, and a launchpad for new projects.
The platform is designed to enable users to access DeFi services on a single platform, without the need to switch between multiple applications. RenQ Finance’s mission is to make DeFi accessible to everyone, regardless of their technical expertise.
RenQ Finance operates under a decentralized autonomous organization (DAO) governance structure that empowers the community to participate in decision-making. The platform’s native token is RENQ, which is used for various purposes, including governance, staking, liquidity provision, and transaction fees.
RenQ Finance Price Prediction for 2023While Cardano (ADA) is certainly a promising investment, there is another cryptocurrency that is worth considering: RenQ Finance. RenQ Finance is a decentralized finance (DeFi) platform that offers a variety of products and services, including yield farming, liquidity pools, and lending protocols.
RenQ Finance is still relatively new to the market, having launched in February 2023. However, experts predict that it has the potential to provide significant gains to investors in the coming years. In fact, some forecasts suggest that RenQ Finance could reach a price of $1.75 by the end of 2023, representing a 50x increase from its current value.
One reason for this potential growth is RenQ Finance’s unique approach to DeFi. The platform is designed to be highly modular and interoperable, allowing for greater flexibility and customization for users. Additionally, RenQ Finance’s Vaults feature enables users to earn compound interest on their crypto holdings, which can provide a steady stream of passive income.
ConclusionBoth Cardano (ADA) and RenQ Finance have the potential to provide significant gains to investors in the coming years. While Cardano is a more established cryptocurrency with a larger market capitalization, RenQ Finance’s innovative approach to DeFi and strong potential for growth make it a promising investment opportunity.
As with any investment, it is important to conduct thorough research and consider the potential risks before investing in either cryptocurrency. However, with careful consideration and a long-term investment strategy, Cardano (ADA) and RenQ Finance could be lucrative investments for those willing to take the risk.
Visit the links below for more information about RenQ Finance (RENQ):As we know, Ripple [XRP] is engaged in a legal battle with the U.S. Securities and Exchange Commission (SEC). Ripple counsel John Deaton has tweeted that a recent class action brought against the company would most likely be made void if the firm wins the case. He said the class action was the least of Ripple’s worries.
This class action is the least of Ripple’s worries. In fact, the plaintiffs’ attorney should be hoping the SEC loses and Ripple wins. If the SEC were to get a total victory, the SEC would be the one to collect the money and set up a fund to pay XRP holders thus, gutting this…
— John E Deaton (@JohnEDeaton1) July 5, 2023
XRP had a strong first quarter in 2023. The altcoin surged from $0.300 to $0.5298, rising by more than 75% on the charts. The previously indicated price rise was caused, in part, by Bitcoin’s [BTC] surge.
An AI solution can certainly be used to attain some clarity, specifically ChatGPT. OpenAI’s ChatGPT is a generative AI model that has gained massive traction since its initial rollout with use cases across many industries. Can it be helpful in XRP price analysis and prediction? Well, the answer is surprisingly basic.
XRP fundamental analysis using ChatGPTWe asked ChatGPT to give us a fundamental analysis of XRP and it offered a detailed answer, as shown.
This is the shorter version of the response –
Fundamental analysis is one of the basic ways to determine an intrinsic value of an asset. Given the ongoing U.S. SEC lawsuit against Ripple Labs, understanding the impact of ruling scenarios on XRP’s value is key.
So, we went back to our AI buddy and interrogated it about its understanding of the potential impact of the lawsuit on investors holding XRP.
As initially observed, the recent market rally has boosted XRP like the other altcoins. However, it hasn’t appreciated by much, denoting investors’ reservations. The lawsuit has made investors nervous after it prompted exchanges like Coinbase to delist XRP from their platform. However, if Ripple wins the case, the exchange recently hinted at plans of re-listing the asset.
Nevertheless, ChatGPT acknowledges the difficulty of predicting the accurate outcome and impact of the lawsuit.
“Overall, the outcome of the SEC lawsuit against Ripple is uncertain, and it is difficult to predict exactly how it will affect XRP’s price in the short and long term. Investors should carefully consider the potential risks and uncertainties involved before making any investment decisions.”
Now we know the fundamental analysis and market sentiment, especially from the lawsuit angle. So, how has XRP performed so far in the past? Can ChatGPT be helpful on this front, too?
Pull XRP’s historical price dataAlthough historical data doesn’t necessarily affect future price movements, price action is king in technical analysis. And, past trends can offer crucial insights. We asked ChatGPT to pull XRP’s historical price action data to accomplish this step.
The AI model gave a year-by-year breakdown of XRP’s price action from 2023 to 2023 –
In early 2023, XRP was trading at less than $0.01 per token. It then experienced a significant increase in value, reaching an all-time high of around $3.84 in early January 2023.
After reaching its peak, XRP’s price began to decline and remained relatively stable for several months before experiencing another surge in late 2023, rising to around $0.75 in November of that year.
In 2023, XRP’s price fluctuated between around $0.25 and $0.50 for much of the year before dropping to around $0.20 by the end of the year.
In 2023, XRP’s price remained relatively stable in the first half of the year, hovering between around $0.15 and $0.25. However, in December 2023, the U.S. Securities and Exchange Commission (SEC) announced a lawsuit against Ripple, claiming that XRP was an unregistered security. This caused XRP’s price to drop sharply, falling to around $0.17 by the end of the year.
In 2023, XRP’s price fluctuated, reaching a high of around $1.96 in April before dropping again in May and June. However, in November 2023, XRP’s price registered another surge, reaching a high of around $1.40.
The aforementioned output shows XRP’s price action was largely determined by market sentiment and regulatory pressure. In addition, XRP’s highs and lows throughout the previous years could act as key support or resistance levels in the future.
However, ChatGPT has limited access to information from 2023 or below. That makes it difficult to pull data beyond 2023, let alone make future predictions which OpenAI’s policy firmly prohibits. Ergo, we followed ChatGPT jailbreak techniques to bypass some of these limitations to try and get modest XRP price predictions.
Read Ripple [XRP] Price Prediction 2023-24
Pushing the AI model beyond OpenAI’s limitations doesn’t guarantee output accuracy. The classic version clearly stated it has no access to data beyond September 2023. However, the jailbreak version gives hypothetical outputs, which can be misleading. For example, it claimed XRP’s highest value in 2023 was $10.50 per coin. And yet, the all-time high (ATH) of XRP was $3.84 (January 2023).
Asked about 2023 price predictions for XRP, ChatGPT makes a modest estimate of $5 per coin.
After tweaking the prompts, we asked ChatGPT to make predictions based on 2023 historical data.
Though the classic version of ChatGPT did not make any prediction, the jailbroken version provided a modest forecast of $2 for XRP’s price.
Analyzing XRP’s on-chart indicators…On 30 May, XRP’s price finally crossed the $0.50-price mark after mid-April. However, it has been struggling to keep above this price level for the past week. At press time, XRP was trading at $0.4669.
Both the Relative Strength Index (RSI) and the Money Flow Index (MFI) comfortably rested above the neutral 50-mark. But its On Balance Volume (OBV) showed a continual downward movement.
In conclusion, XRP’s indicators suggest that the bulls are going to dominate the bears for some time now.
Is your portfolio green? Check out XRP Profit Calculator
ChatGPT’s shortcomings and strong pointsChatGPT is an invaluable tool, especially on the fundamental and technical analysis front. It can help pull off historical data and XRP’s fundamental analysis within seconds. Moreover, it can bypass some of the AI model’s restrictions to get modest results, including price predictions.
However, ChatGPT is limited to 2023 data, and bypassing its restrictions doesn’t guarantee accurate output. As such, human input is key in making sense of some data from the AI model.
ConclusionChatGPT cautions traders of XRP’s prospects and makes modest predictions amidst the overwhelming market uncertainty around regulatory scrutiny worldwide. The AI model predicts XRP could hit $2-$5 by the end of 2023.
ChatGPT could revolutionize cryptocurrency price analysis and trading. Its fundamental analysis of XRP can save beginner traders the time and effort needed to understand the asset.
In the meantime, traders can learn more about ChatGPT to create and test trading strategies to improve trading performance and results. It could offer traders a leg up, especially when dealing with riskier assets like XRP, which is facing increased regulatory pressure.
At press time, XRP’s indicators were more bullish than bearish despite a weak price movement on the daily chart. As such, it could retest its May 2023 levels and surge upward if BTC remains bullish.
Recently, the crypto community has witnessed unprecedented whale activity as a staggering $60 million worth of Shiba Inu and Dogecoin have been moved. Alongside these remarkable developments, Tradecurve, a rising presale sensation, has experienced a staggering 80% surge in its token price. Let’s look at these exciting events and explore the implications for the crypto market.
Whales make waves in Dogecoin (DOGE) and Shiba Inu (SHIB)Shiba Inu and Dogecoin, two popular meme-based cryptocurrencies, have attracted the attention of significant crypto whales. These investors, known for their substantial holdings and influence, have recently made powerful moves by moving a combined $60 million in Dogecoin and Shiba Inu.
Inspired by the famous dog breed, Shiba Inu has gained traction as a meme cryptocurrency, capturing the crypto community’s attention. According to Whale Alert, the cryptocurrency trading company Jump Trading moved over 1 trillion Shiba Inu, or about $7 million, to an unidentified wallet. Currently, Shiba Inu is trading hands at $0.000006556 with a market cap of $3.8B, which is a drop of 4.67% overnight.
Similarly, Dogecoin, initially created as a lighthearted digital currency, has seen a surge in popularity due to backing from prominent figures like Elon Musk. Whale Alert states that the highest single transaction involves an unknown wallet transmitting 360 million Dogecoin worth more than $21 million to another anonymous wallet. The retail trading behemoth Robinhood was engaged in other significant Dogecoin deals. Dogecoin has a value of $0.06086 with a market cap of $8.5B, falling by 1.74% in the last 24 hours.
Tradecurve (TCRV) value pumps furtherAmidst the excitement surrounding Shiba Inu and Dogecoin, Tradecurve has emerged as a notable player in online trading. This innovative exchange platform, currently in Stage 4 of its presale, has experienced a remarkable 80% surge in token price, reflecting the growing confidence and demand among traders and investors.
Its unique blend of features and functionalities sets Tradecurve apart from its competitors. The platform combines the benefits of centralized and decentralized exchanges, offering users a hybrid trading experience bringing self-custodial portfolio management, low latency, slippage-free trading, and access to multiple asset classes.
Additionally, Tradecurve emphasizes privacy and security, providing users with a no-sign-up KYC feature and protecting their personal information. Instead, users can utilize cryptocurrency as collateral by opening a Tradecurve account with just a working email, connecting it to a crypto wallet, and making a deposit.
And with the collapse of FTX, Tradecurve has also placed transparency as a focus by implementing its own Proof of Reserves (PoR). Proof of reserves instills trust and confidence among users and investors. It assures them that the exchange operates honestly and has the necessary funds to honor customer withdrawals and fulfill its obligations. And since many traditional trading platforms such as eToro and Gemini still lack this mechanism, Tradecurve gains the competitive edge.
Tradecurve users will also be able to subscribe to automated & AI trading bots, obtain exclusive deposit bonuses, and a VIP account service as some notable features of this platform. The native token, TCRV, will be the critical component behind this ecosystem, bringing governance, passive income via staking, and more to holders. Currently, the TCRV token is $0.018, and every buy comes with a 25% deposit bonus.
If interested, check out this promising investment opportunity that many experts predict may see a 50x growth at the presale’s end by following the links below.
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