Dogwifhat (WIF) hits new monthly high after 40% price rally

WIF rallies to a monthly high after a 7-day bull run added 40% to the memecoins value.

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Celebrity Memecoins: Iggy Azalea And Hulk Hogan Beef Before $17 Million Rug Pull

Celebrity memecoins have been the talk of the town for the past two weeks. A trend that resurged at the end of May quickly became one of the biggest narratives around the crypto community. Related Reading: GMX Soars 20% Amid Crypto Whale Frenzy, Is It Back In Turbo Mode? The industry has seen controversies, rug pulls, and Vitalik Buterins thoughts on the celebrity token frenzy. In the phenomenons most recent development, WWE wrestler Hulk Hogan beefed with Australian rapper Iggy Azalea. Celebrity Memecoins A Week Later Despite the trend starting around May 20 with influencer tokens, celebrity tokens didnt gain mainstream traction until reality TV star and Olympian Caitlyn Jenner launched her JENNER memecoin. Alongside Jenner, rapper Rich the Kid joined the crypto community with RICH. However, both tokens were surrounded by controversy after it was revealed that alleged serial scammer Sahil Arora was involved in the launch. Several other artists and personalities joined the crypto space to launch their memecoins, including Lil Pump, Davido, Trippie Red, and MoneyBagg Yo. Some of these launches appear to be linked to Aroras scams. A week later, most celebrity memecoins saw a significant price decline or ended up as a rug pull scam. JENNER, which kickstarted the celebrity mania, is currently 81% down from its all-time high (ATH) registered on May 27. The Olympians token, described as the goddess of Solana, went from trading around $0.04273 to $0.009072. This significant decrease has also cut its market capitalization from its $30 million peak to $7.5 million. Hulk Hogan Wrestles MOTHER And Dumps His Fans On Thursday, former professional wrestler Hulk Hogan took X to announce the launch of his Hulkmania (HULK) token. The memecoin skyrocketed 500% within two hours and quickly reached a market cap of $17 million. The launch turned sour when investors found Hogan had sold his HULK bag and deleted his posts mentioning the token. In minutes, the tokens market cap plummeted to $2 million. During the hours that Hogans X account promoted the token, the retired wrestler seemingly targeted Azalea and MOTHER. In an X post, Hogan replied to Azalea, saying, You suck at pumping. $HULK has the real milk. Additionally, he shared two now-deleted Instagram posts beefing with the Australian rapper. In one of them, Hogan Azaleas profile picture and captioned it, Sahil does it best. Before deleting all his HULK-related posts, Hogan shared an Instagram story claiming that he had been hacked. According to the post, none of the publications came from him and soon would be removed. Later, his X account was wiped completely, and Instagram comments were limited. The crypto community grew concerned as the mention of Aroras name suggested his involvement in the scam. However, it remains unclear whether Hogans website, Instagram, and X account were all hacked or if the retired wrestlers team was involved. Vitalik Buterin Vs Koala Vitalik? Earlier this week, Ethereums founder, Vitalik Buterin, criticized the ongoing celebrity token phenomenon.  On X, Buterin stated he is quite unhappy with the crypto spaces celebrity experimentation. Buterin explained his concern regarding the launch of tokens with no purpose other than being a get-rich-quick scheme. Additionally, he suggested some features that celebrity memecoins should have for him to be more willing to respect it. The list included a public-good goal that its serving. To his criticism, Azalea responded by claiming that Buterin was just hangry. Moreover, she seemingly named a Koala after Ethereums founder. The rapper uploaded a video announcing the donations saved another Koala. Its name? Koala Vitalik. Azalea launched a MOTHER fund to help save Koalas infected with chlamydia. For the past week, the rapper has received donations in memecoins and several cryptocurrencies for the Koala cause. Related Reading: Get Ready For Altcoin Explosion: Anlayst Reveals Key Months For Massive Gains Additionally, Azalea is giving her token utility. The rapper launched a Mother merchandise store that accepts MOTHER as payment.  Ultimately, the token continued to soar after reaching new ATHs and recently breaking above the $200 million market cap. Featured Image from Unsplash.com, Chart from TradingView.com

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Crypto Traders Discuss Why Memecoins Have Been 2024s Most Profitable Narrative

Journalist and host Laura Shin interviewed crypto traders Ansem and Kel, known on X as blkoiz06 and Kelxyz, for her Unchained Podcast.  They discussed why memecoins had become the most profitable crypto trade this cycle and what the future might hold for the sector. Related Reading: Is The PEPE Dream Over? Dissecting The Factors Behind The Meme Coins Price Tumble Is There Value In A Memecoin? To begin with, Shin asked the traders whether there was substance in tokens based on memes, as it has been a big argument against them. To Ansem, people think too hard about the value of memecoins as projects. Moreover, he considers theres no real gain in comparing whether other altcoins deserve or have more value than meme-based tokens. Why Memecoins Have Been 2024s Most Profitable Crypto Trade: Ansem and Kelxyz Dive into the wild world of memecoins with @blknoiz06 and @kelxyz_! Discover how Ansem and Kel trade memecoins, the risks and rewards, and their predictions for the future of memecoins Plus, pic.twitter.com/QovysNwAGP — Laura Shin (@laurashin) May 7, 2024 Ansem further explains that the crypto community is very internet-centered, with its members being internet people since cryptos origin.  As a result, the community is knowledgeable about the financial aspect but is also knees-deep in online culture. The trader believes theres value in memes and culture on the internet. People in the community are “financializing” meme virality and realizing that its a possibility with crypto. Shin jokingly added that if this trend had been popular in 2016, the Drake meme creator would be a bazillionaire by now. The host seemingly referenced the still-popular meme that originated from Drakes Hotline Bling music video. Agreeing with this argument, Kel asserted that, over the last 20 years, many trillion-dollar businesses have capitalized attention as their winning trade businesses idea. All these trillion-dollar businesses () facilitate directing attention and the way theyve done that successfully has been, oftentimes, via memes. One could even make the argument that memes are the core engine of the entire Internet. The Risks And Criticisms Of Memecoin Mania To understand why memecoins have become the narrative of Q1 2024, the traders discussed the risks and arguments against the tokens. One of the biggest criticisms of memecoins is their high-risk nature. Because they are much smaller and not backed by institutional money, they can be riskier and more easily go to 0. Despite this, traders consider that many investors, especially new ones, find memecoins attractive because they have the potential to give 100x to 1000x returns. Moreover, losing money is not exclusive to memecoins. To illustrate his point, Ansem compared the people who bought Doges top to those who bought Bitcoin at $69,000 last cycle before it fell to $15,000. To the trader, how much a token can drop and investors buying the top is part of the general market dynamics instead of a characteristic of memecoins. However, he clarifies that there is better criticism of the sector. Ansem considers the shady behavior behind the projects teams a crucial issue to address. To him, a framework could prevent creators from controlling a large supply of the tokens and dumping them immediately after launch or rug-pulling investors. In the replies to the podcast, a user argued that the reason behind the recent frenzy is driven by the Financial nihilism and the lack of liquidity that the youth has. Adding that investors are Buying a mere coin is like a lottery ticket. It is worth mentioning that trading memecoins like lottery tickets is not an unseen phenomenon. On-chain research platform Lookonchain recently reported a trader seeing 4,906x gains in one day by precisely doing that. This guy won a 4,906x lottery ticket today, so lucky! He trades MEMEcoins like buying a lottery ticket, investing 0.1/0.2/0.3 $SOL for each #MEMEcoins. He invested 0.2 $SOL($30) in $AGORA today, then sold 2M $AGORA for $100K, with 959K $MILK(worth $47K) left. So he turned $30 pic.twitter.com/fnJDQnavfI — Lookonchain (@lookonchain) May 7, 2024 Per the report, the trader invests 0.1/0.2/0.3 SOL for each memecoin. Yesterday, the investor turned $30 into $147,000 by turning 0.2 SOL into 2 million AGORA. Whats In Memecoins Future? When asked what is in store for the sector, both traders concurred that memecoins are not going away. To Ansem, the community behavior towards memecoins is like that of NFTs last cycle. With NFTs, investors felt like they were part of a community and were working towards developing it. The shared experience of relating is another crucial factor in the craze of meme-based tokens, as seen in communities of tokens like Dogwifhat (WIF). Adding to that idea, Kel asserted that all memes will become coins in the next ten years.  Moreover, the trader wouldnt be surprised if the creation of a meme was natively financialized by then, as the trend of financialization of things continues to increase. Ultimately, he believes the sector is in the early stages of this trend as the community tries to capture the moment of a meme and capitalize on it now that crypto has made financialization trivial from a tech perspective. Related Reading: Dogecoin on the Rise: Over 5 Million Wallets Now Profitable As Potential Surge Looms Total crpto market is at $2.22 trillion on the weekly chart. Source: TOTAL on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

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Fantom (FTM) Bull Run: 8% Price Surge And Robust Double-Digit Growth In Key Metrics

Fantom (FTM), a Layer-1 (L1) protocol, and its native token, FTM, have experienced significant gains and notable achievements in the first quarter (Q1) of 2024.  According to a comprehensive performance analysis conducted by Messari, amid the emerging crypto bull market, Fantom has emerged as one of the major beneficiaries, showing significant growth in key metrics [...]

The post Fantom (FTM) Bull Run: 8% Price Surge And Robust Double-Digit Growth In Key Metrics appeared first on Crypto Breaking News.

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Pavel Durov defiantly refuses EU demands to censor Romanian election information

Pavel Durov, the CEO of Telegram, has firmly rejected the European Union’s attempts to pressure the messaging platform to censor content related to the recent Romanian election. Durov’s refusal to comply with EU demands showcases his commitment to protecting freedom of speech and expression on his platform. In a bold move, Durov publicly stated that [...]

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The Dog Days Are Over: Cat Memecoins Soar 16.1% After Roaring Kittys Return

On Monday, popular internet figure and trader Roaring Kitty made a surprise comeback to social media that sent the crypto market into shock and excitement. His return post was followed by a series of cryptic videos, including catsm, which seemingly fueled a price increase for cat-themed memecoins in the past 24 hours. Related Reading: On A Tear: Toncoin Outshines Bitcoin With Price Surge And Social Buzz Memecoin Frenzy And Market Reaction Keith Gill, known as The Roaring Kitty, returned to social media after a three-year hiatus by posting the popular leaning forward in the chair meme. pic.twitter.com/YgjVqtgcNS — Roaring Kitty (@TheRoaringKitty) May 13, 2024 His comeback propelled GameStops meme stock (GME) price to rise 201% in the past day, as he was a major player during the 2021 meme stock frenzy. Alongside the image, the trader shared a series of video edits that also fueled the memecoin market. As reported by News BTC, Wolverine-inspired memecoins soared after featuring the Marvel character in one of his edits. Other big players in the sector saw green numbers in the following hours, like Pepe (PEPE) and many of the top market cap dog-themed memecoins. As part of the ripple effect, the largest frog-themed memecoin has flipped Solana (SOL) in its daily trading volume, registering a 238% increase in volume in the past day. Moreover, smart traders benefited from the surge after buying large token amounts. According to Lookonchain, one whale bought 195 billion PEPE, worth $1.98 million, and had already made $236,000 in unrealized profit a few hours later. Dog Days Are Over, Cat-Themed Memecoins Gain 16% The impact of Roaring Kittys return didnt stop at the dog-themed memecoins. Several images and references to cats were part of the traders edits, fueling a 16% surge in the cat-themed sector. Feline-inspired memecoins have been gaining popularity during this cycle, with tokens like cat in dog word (MEW) and Popcat (POPCAT) joining the top-ten memecoins list in the past month. One of Roaring Kittys edits included a fragment of Florence + The Machines song Dog Days Are Over. Alongside the video, the trader emphasized the lyrics, The dog days are over, the dog days are done. pic.twitter.com/TdmJom9ifu — Roaring Kitty (@TheRoaringKitty) May 13, 2024 Additionally, he added cat images, seemingly insinuating that a future memecoin rally could be led by cat-themed memecoins instead of the usual dog-themed ones. Whales Hear The ROAR Lookonchain reported that, alongside GME, the memecoin Roaring Kitty (KITTY) skyrocketed 13,000%. Other feline-themed tokens, including POPCAT, MichiCoin (MICHI), and Roaring Kitty (ROAR), also saw a significant surge. Popcat has registered a 24.4% and 276% increase in the one-day and monthly timeframes, while MichiCoin surged 38.9% in the past day and 333.5% since its launch on April 26. Both tokens also saw an 80% increase in the daily trading volume. Among the top gainers were the tokens inspired by the trader. The Ethereum-based SOAR skyrocketed over 1162% in hours, going from $0.00024830 to $0.0031338. This surge also represented a massive 3216.8% increase in the weekly timeframe, with a similar daily trading volume increase of 826%. Per the report, whales took advantage of the momentum and loaded their bags with these tokens. One whale withdrew SOL from Binance and bought 490,400 POPCAT, worth around $235,472. Related Reading: No Ties To OpenAI: Worldcoin Drops 9% As Top Trader Issues Warning Another big player, who had previously made 2,170 SOL, about $320,000, on POPCAT, spent another 4,000 SOL, approximately $592,000, to buy POPCAT and MICHI tokens. The whale acquired 587,3830 POPCAT for 2,000 SOL and 626,616 MICHI for the same amount. Featured Image from Unsplash.com, Chart from TradingView.com

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GameStop Stock And Wolverine Memecoins Explode As Roaring Kitty Returns To The Spotlight

GameStop, the video game retailer that took Wall Street by storm in 2021, has once again become the talk of the town as its share price surges 100%.  Fueling this rally is the return of the influential social media figure Keith Gills “Roaring Kitty.” After a long hiatus, Roaring Kitty’s recent activity on social platforms, including an image and video, has ignited excitement among investors and triggered a renewed frenzy for GameStop’s meme stock and the emerging world of memecoins.  GameStop Memestock Frenzy The meme-stock phenomenon gained widespread attention in 2021 when cash-rich investors pumped up the stock market and bet against short-selling hedge funds.  Keith Gill’s “TheRoaringKitty” account and the subreddit WallStreetBets played a pivotal role in the meme stock frenzy, driving stocks like GameStop and AMC Entertainment to surge over 1,000% by the end of the same year.  While some early investors reaped rich returns, hedge funds such as Gabe Plotkin’s Melvin Capital Management suffered significant losses, leading to closures. Related Reading: Investment Firm Makes Bitcoin Its Strategic Reserve Impact On Price According to Bloomberg, short sellers betting against GameStop initially enjoyed gains in the year’s first four months. Still, the volatile nature of meme stocks quickly erased those paper gains. Per the report, skeptics were up an estimated $400 million from January to April before slipping into the red by Monday morning. The percentage of GameStop shares sold short relative to those available for trading has remained at approximately 24%, a relatively high level for a typical company but significantly lower than the 140% levels witnessed during the 2021 mania.  As GameStop’s shares gained momentum, the cost to bet against the company increased. Recent data from S3 indicates borrowing costs exceeding a 10% annual financing fee range. Roaring Kitty’s Ripple Effect Roaring Kitty’s influence extended beyond GameStop, as Wolverine-themed memecoins flooded various blockchains. In response to a social media post featuring a video of Marvel superhero Wolverine, more than 30 new tokens were launched on platforms like Ethereum and Solana, as data by Dextools shows.  Notably, the newly minted “Roaring Wolverine” token on the Ethereum blockchain experienced an astonishing 80% surge within hours of its release. Related Reading: Is The Bitcoin Bottom In? Analyst Reveals Key Price Levels To Watch Furthermore, the memecoin market has witnessed a notable resurgence, with tokens such as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogwifhat (WIF), Floki Inu (FLOKI), and Bonk Inu (BONK) recording significant gains, according to CoinGecko data.  For instance, PEPE, the market leader, surged by 15% in the past 24 hours, complementing its 20% uptrend over the previous week. It reached a new high of $0.00001077 during early Monday trading. Ultimately, GameStop’s meme stock resurgence, fueled by the return of Roaring Kitty, inflicted substantial losses on short sellers of the meme stock on Monday.  The impact of Roaring Kitty’s social media presence has extended to the memecoin market, with several Wolverine-themed tokens experiencing significant surges.  Featured image from Shutterstock, chart from TradingView.com

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Solana Memecoin Hits $320 Trillion Market Cap, But Theres A Catch

The Solana memecoin frenzy has made many investors score a home run or be out of the game this cycle. Traders are looking for new projects that could be the next hit while the market enters a new re-accumulation phase. Related Reading: 1,503x Profit: How A Memecoin Trader Made $13 Million With PEPE Solana Memecoins New Strike Memecoins have been the narrative of this bull cycle. As a result, those who wanted to make big profits mainly invested in newly launched projects. While some have made millions by trading the week’s top gainers, others have lost significant amounts trying to climb the ladder. Solana-based memecoins have been the most popular, with some, like dogwifhat (WIF) and cat in a dog’s world (MEW), leading the way. However, not all projects have achieved recognition and support for these tokens. A considerable number of the Solana memecoins launched in the last two months have left investors empty-handed. The latest culprit is the recently launched Bonk Killer (BONKKILLER), which became the hottest topic on Monday for the wrong reasons. The token surpassed the $100 trillion market capitalization only a few hours after launching. Nonetheless, the reason behind what could have been the most impressive feat in crypto history is no other than a honeypot scam. Bonk Killer's price and market capitalization. Source: Birdeye As reported by SolanaFloor, the memecoin is a scam token that attracts investors with high-profit potential but prevents them from selling their holdings. Many realized they couldnt move their tokens only after the projects creator activated the freeze authority. This action allowed the creator to avoid selling the token, which skyrocketed the market capitalization metric to $328 trillion. According to analytics platform Birdeye, the Solana-based memecoin registers a $318 trillion market cap at the time of writing. Its worth noting that the token isnt backed by the amount reflected in the metric. As one X user pointed out, the token is worthless if you cannot sell it. When you buy but can't sell. #bonkkiller pic.twitter.com/AjJokgptmw — Bull.BnB (@bull_bnb) April 30, 2024 Half A Million Stolen By Memecoin Scammer Unfortunately for investors, the creator didnt use the freezing authority to boost the tokens market cap. The scammer took advantage of the function and stole nearly half a million dollars in BONKKILLER and SOL tokens. The creator, who holds around 90.8% of the total supply, removed 30,500 BONKILLER and 1,561 SOL, worth around $420,000. According to Birdeye data, the token is valued at $32.81 as of This writing. UPDATE: @solana memecoin BONKKILLER, a scam and honeypot token, has withdrawn liquidity worth over 3,000 $SOL after freezing token sales for users. pic.twitter.com/JO3E3RuXMW — SolanaFloor | Powered by Step Finance (@SolanaFloor) April 30, 2024 Even after the communitys warning, some investors continued to buy the project. In the last 12 hours, investors have spent nearly $40,000 on the token. As some X users pointed out, the false market cap might be misleading inexperienced investors into buying the memecoin. Although its not the first scam of this type, the increasing rate of new launches turning fraudulent seems alarming. As reported by NewsBTC, $27 million vanished over the last month after 12 projects were abandoned by their creators. Ultimately, this incident highlights the importance of thoughtfully researching a projects background and carefully deciding whether the possibility of massive gains outweighs the risks. Related Reading: Crypto Analyst Says Altcoins Are About To Enter A Parabolic Curve, Heres Why Total crypto market cap is at $2.18 trillion in the three-day chart. Source: TOTAL on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

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1,503x Profit: How A Memecoin Trader Made $13 Million With PEPE

A strategic trader has made the most of his money after making over 1,000x profit with PEPE.  Despite the recent frog-themed token slump, the memecoin investor gained millions. Similarly, whales have continued accumulating PEPE while it resumes its upward trajectory. Related Reading: Solana Meme Coin Massacre: 12 Projects Gone In 30 Days, $27 Million Vanished Memecoin Trader Makes Millions According to Lookonchain data, a memecoin trader named James Wynn multiplied its PEPE investment by 1,503. Wynn bought the token in its earlier stages, acquiring 2.83 trillion PEPE for $8,524. When the token started gaining momentum, he sold over half his holdings, 1.81 trillion tokens, for $4.57 million. jwynn.eth(@JamesWynnReal) – A smart trader who made $12.8M(1,503x) on $PEPE. He also traded $BOBO and $ANDY recently, making another $818K! 1/ Lets dig into his trades. pic.twitter.com/2vOkjObVPr — Lookonchain (@lookonchain) April 24, 2024 After the frog-themed memecoin became a market sensation, the traders unrealized profits on his remaining bag exponentially increased. Currently, Wynn holds 1.02 trillion PEPE in three wallets worth $8.25 million. The traders total profits from PEPE total $12.8 million. However, if he had held onto his tokens, the gains would have exceeded $20 million. Per the blockchain research platform, Wynns feat doesnt end with PEPE. He has also made over $800,000 trading other memecoins over the week. He recently bought five tokens, two of which remain profitable: BOBO and ANDY. At the time of the report, the trader bought over 273.62 billion BOBO for $138.263, making a profit of $430,000. Similarly, he acquired 4.711 billion ANDY for $115.493, gaining over $338,000. Nonetheless, not all of Wynns trades resulted in success. According to the X post, the trader has a 45% success rate, gaining over $13.7 million with nine memecoins and losing around $350,000 on eleven tokens, including some rug pulls. Breakdown of the 20 tokens traded by Wynn. Source: Lookonchain Whales Go On PEPE Buying Spree As reported by NewsBTC, recent data showed that PEPEs price decline over the last month has reduced the number of addresses carrying gains. However, this has not stopped whales from accumulating the token. This week, a whale accumulated 211.6 billion PEPE from Binance, Gateio, and Uniswap. The address bought the tokens at an average of $0.000007291, spending $1.54 million. The buying spree turned profitable as, some hours later, the tokens price increased by 17%. According to Spot On Chain, the holdings worth surged to $1.72 million, making $173,000 in unrealized profits. Other reports suggest that whales have continued accumulating and taking profits from their PEPE holdings. However, the tokens market activity decreased by 22.1% in the last 24 hours, with a $1.2 billion daily trading volume. PEPEs market capitalization has also dropped 1.58%. Despite this, the token has regained its spot as the third largest memecoin by this metric, as dogwifhat (WIF) lost 13.88% of its market cap on the last day. Its worth noting that WIF flipped PEPE on March 28 after becoming the newest sensation in the crypto market. As of this writing, PEPE is changing hands for $0.000007821, representing an 11.4% drop in the monthly timeframe. Nonetheless, the token continues recovering, registering a 52.2% surge in the last seven days. Related Reading: FLOKI And BONK Drop 5% After Revolut Listing Announcement PEPE's recovery in the seven-day chart. Source: PEPEUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

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Hedge Funds Fall For The Memecoin Frenzy: Mind-Boggling Returns Tempt Financial Giants

In a recent Bloomberg report, it has come to light that the hedge fund industry is increasingly drawn to the allure of the memecoin sector, given the recent price increases and substantial profits that surpass those of Bitcoin (BTC) or the largest altcoins in the market. Memecoin Mania One example of the appeal of memecoins [...]

The post Hedge Funds Fall For The Memecoin Frenzy: Mind-Boggling Returns Tempt Financial Giants appeared first on Crypto Breaking News.

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Shiba Inu & Other Memecoins See 3,000% Spike In Volume: Good Sign For Rally?

On-chain data shows Shiba Inu (SHIB) and other memecoins in the sector have observed a sharp boost in their volumes alongside their rallies. These Memecoins Have Enjoyed 3,000% Average Volume Increase According to data from the on-chain analytics firm Santiment, the trading volume of the memecoins has shot up recently. The “trading volume” here refers to the total amount of a given cryptocurrency involved in trading activities on the various spot exchanges in the sector. When the value of this metric is high, it means that the asset in question is observing a large amount of trades right now. Such a trend implies that the interest around the coin is high among the investors. Related Reading: CryptoQuants Bitcoin Bull-Bear Indicator Flags Price As Overheated On the other hand, the low indicator suggests that investors may not pay too much attention to the cryptocurrency as they are not making trades. Now, here is a chart that shows the trend in the trading volume for four different memecoins: Shiba Inu, Pepe (PEPE), FLOKI (FLOKI), and Bonk (BONK). Looks like the value of the metric has been quite high for all of these coins recently | Source: Santiment on X As displayed in the above graph, the Bitcoin trading volume for all four of these memecoins has surged to high levels recently as their prices have gone through a rally. Santiment notes that, on average, the trading volume across Shiba Inu, FLOKI, Pepe, and Bonk has increased by more than 3,000% over the past week. This would imply that crowd interest in these assets has witnessed a significant uplift. Generally, it’s not surprising to see the volume jump alongside price surges, as such sharp price action is attractive to investors, so they tend to make more moves in such periods. For any rally to be sustainable, it must keep attracting fresh volume. This is because moves like these require a large amount of fuel to keep going, which they can only get if more and more interest comes into the asset. Sometimes rallies start sharp, but fail to amass any appreciable volume, so, predictably die off before too long. As the volume of Shiba Inu and others has rocketed up recently, at least their current rallies shouldn’t face an issue like this. Related Reading: Bitcoin Safe From Drops Under $60,300? On-Chain Data Says So Now, while the trading volume can be something that can help rallies stretch longer, a high volume itself doesn’t imply a bullish prediction. This is because the volume can also spike during a selloff, as the indicator merely keeps track of the activity and not whether said activity is buying or selling dominated. As such, all that can be said about the implications of the current high trading volume on the prices of Shiba Inu and the company is that they should likely continue to see high volatility in either direction in the coming days. Shiba Inu Price Shiba Inu has enjoyed an extraordinary run of more than 180% in the past week, which has taken its price to the $0.00002746 mark. The price of the asset appears to have been sharply going up recently | Source: SHIBUSD on TradingView Featured image from iStock.com, Santiment.net, chart from TradingView.com

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Romania's ICI Bucharest Launches NFT Trading Platform for Web3 Adoption

ICI Bucharest has announced the launch of its in-house NFT trading platform, ICI D|Services, on April 26. The platform aims to facilitate the adoption of Web3 in Romania and connect private and public sector institutions and users. ICI Bucharest has been exploring blockchain and nonfungible tokens as the space gains traction globally. (Read More)

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Romania Launches In-house NFT Trading Marketplace

The Romanian National Institute for Research and Development in Informatics (ICI Bucharest) is launching an internal non-fungible token (NFT) trading

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Romania plugs into Web3 with national NFT marketplace

Romania’s National Institute for Research and Development in Informatics (ICI Bucharest) aims to drive Web3 adoption in the country with the launch of an in-house nonfungible token (NFT) trading platform. The institutional NFT platform, dubbed ICI D|Services, will go live on April 26 and aims to create a link between private and public sector institutions [...]

The post Romania plugs into Web3 with national NFT marketplace appeared first on Crypto Breaking News.

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Responsible AI can create policies to help ‘better serve society’

Sabin Dima, the CEO and founder of Humans.Ai, said that with the right implementation, governments could use AI to enhance public services and policies.

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5 biggest economic bubbles in history

Economic bubbles occur when the price of an asset, such as stocks or real estate, is driven up artificially and becomes disconnected from its underlying value.

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Binance to Take Care of Azerbaijan’s Crypto Regulations

The notion of developing their crypto industry seems to be the very idea of most developing countries. From making Bitcoin

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ICI Bucharest to use Elrond blockchain to develop decentralized domains and an institutional NFT marketplace

The two entities seek to enhance the integration of innovative Web 3.0 technologies in everyday use.

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Elrond Gets the Greenlight from Romania Central Bank In-Principle for Acquiring Payments Firm Twispay

The acquisition is set to enable Elrond to operate e-money services across several countries in the European Union. (Read More)

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National Bank of Romania Approves Elrond’s Acquisition of Twispay

National Bank of Romania has approved Elrond’s acquisition of Twispay. Elrond will move to be a bridge between traditional finance ...

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