CZ Sparks Memecoin Frenzy With Dog Picture: Four.Meme Starts Token Betting Event

Binance founder Changpeng Zhao, also known as CZ, has taken the crypto market by storm after sharing his dogs name and picture. The announcement sparked the launch of multiple tokens inspired by the pet and was further fueled by BNB Chains memecoin launchpads name-guessing contest. Related Reading: BNB Flips Solanas Market Cap Amid Market Retrace Breakout To $700 Coming? CZ Sparks Memecoin Frenzy On Wednesday, Changpeng Zhao acknowledged the cycles memecoin frenzy after an X user asked if he had a dog. The Binance founder revealed he had not a Shiba Inu, but a Belgian Malinois, which resulted in the crypto community asking for the name and picture of his dog. CZ inquired about how it would work if he shared the information, asking if people would create memecoins based on the dog, how investors would know which one is the official token, and if it even mattered. He joked he would mull whether to respect his privacy, or dox the dog for the cause, sparking massive speculation about an official memecoin launch. On Thursday, CZ shared on X that he would officially share his dogs picture and name at 8:00 PM Dubai time, or 4:00 PM UTC, sending investors into a frenzy over the upcoming post. Community members launched several tokens with the possible names of CZs four-legged companion, some reaching up to $60 million in market capitalization. Arkham noted that the two frontrunner tokens on the BNB chain, BROWNIE, and PERRY, significantly surged on Thursday morning. Remarkably, an investor made over $1 million with less than a $12,000 initial in 12 hours. Four.Meme Kicks-Off Token Event BNB Chains token launchpad, Four.Meme joined the frenzy, announcing a CZ Dog Name Meme Token Betting Event. According to the X post, the tokens with the same then-unknown name of CZs dog would be part of a competition. The tokens created today before 4:00 PM UTC would be eligible to participate and become the next big meme. The announcement detailed: 30 minutes after CZs post, the highest market cap token on Four.Meme wins! The winners token will have its tokens in LP revenue regularly burned by Four.Meme! At 4:12 UTC, the Binance founder shared a picture with his dog, Broccoli. The dog was named after the vegetable because he wanted a name that started with B and has some green in it. CZ wrote that he and Broccoli bonded over their difficulty socializing, adding that the dog helped him get a good break from the intense negotiations with the DOJ back then. He also stated that he never imagined his pet would be part of the blockchain ecosystem, adding that theres never a dull day in crypto. Broccoli Immortalized In The Blockchain CZ clarified that he was just posting his dogs pictures and name and not issuing a memecoin himself. He considered it was up to the community whether to launch a token. The BNB foundation may provide rewards for the top memes on the BNB Chain, giving LP support or other rewards, but the details are still being discussed. After the Pet reveal, the tokens guessing Broccolis name plummeted, with the leading memecoin falling from a $22 million market cap to less than $1 million in less than a minute. Related Reading: Bitcoin Finds Price Stability: Reclaiming $101,000 Depends On This Level Meanwhile, the creation of memecoins inspired by CZ pets real name spiked, with several BNB Chain and Solana-based tokens flooding DexScreeners feed. At the time of writing, CZs Dog (BROCCOLI), launched a minute after Zhaos post, has become the largest gainer. The memecoin reached a $300 million market capitalization minutes after being created and is currently trading at $0.0745, with a $75 million market cap. The winning token of the Four.Meme contest is yet to be announced. Featured Image from Unsplash.com, Chart from TradingView.com

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Latest Memecoin Sensation CHILLGUY Hits $0.65 ATH, Whats Behind The 80% Rally?

A new Solana-based memecoin has stolen the crypto markets spotlight after surging over 80% in seven days to a market capitalization above the $600 million mark. After its remarkable performance, the latest internet sensation continues to grow in popularity, recently scoring two major exchange listings. Just A Chill Rise To $0.65 This cycles memecoin mania [...]

The post Latest Memecoin Sensation CHILLGUY Hits $0.65 ATH, Whats Behind The 80% Rally? appeared first on Crypto Breaking News.

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Analysts Bullish On Dogwifhat (WIF) $5 Target As Price Retests $4 Resistance

Solana-based Memecoin Dogwifhat (WIF) is among the tokens leading the crypto market. The cryptocurrency surged over 40% in the last 24 hours, breaking above the $4 resistance zone following its Coinbase listing. As a result, some market watchers forecasted a massive WIF rally before year-end. Related Reading: Market Pricing In A Higher Fair Value For Bitcoin As Price Discovery Continues Dogwifhat Rallies 40% Amid Coinbase Listing Dogwifhat has been one of the best-performing memecoins of this cycle, seeing a 2000% surge to its $4.83 all-time high (ATH) in March. The token led the Solana meme frenzy during Q1 but faced a significant 66% price drop in the following months while the market retraced. As the crypto market regained momentum, the token broke above the crucial $2 resistance zone, reclaiming this level as Q3 closed. Since Trumps victory in the US presidential elections, WIF has joined the markets broader rally, breaking out of an 8-month downtrend. WIFs reclaim of the $3 mark earlier this week fueled investors bullish sentiment as the token reached levels not seen since June. Moreover, the cryptocurrency experienced a massive 40% rally in the last 24 hours after being listed on a major crypto exchange. On Wednesday, Coinbase announced the listing of Dogwifhat alongside frog-themed memecoin PEPE. The news propelled a massive rally for the dog-themed token, sending its price from the $2.93 weekly low to the $4.00 resistance level. On Thursday morning, the memecoin rallied toward the $4.30 mark, seeing its highest price since early April. Since the listing news, WIF has tried to turn the $4 resistance into support, briefly losing the level as Bitcoin (BTC) retraced to $87,000. Despite the momentary retrace, Dogwifhat remained among the best-performing cryptocurrencies among the top 100 list, seeing a 9.9% increase in the last 24 hours, while the broader market bleed 2.2%. WIF To $5 By Christmas Day? Following its massive performance, some market watchers forecasted a $5 target for the cryptocurrency. Trader Koala suggested that WIF would see a deviation from its 24-hour $3.90-$4.30 range. After the deviation, the analyst stated that the memecoin could see a bounce from the ranges lows toward the range highs before moving toward the $5 zone. The token has momentarily recovered from the drop below $4, trading at the ranges lower levels, just 16.4% below its ATH. Meanwhile, another market watcher suggested that Dogwifhat could see a rally like Shiba Inus (SHIB) 2021 run. X user Sito noted that SHIB rallied 1800% after being listed in Coinbase, reaching its ATH of $0.00008616 42 days later. Related Reading: Dogecoin Frenzy Arrives In Korea: Kimchi Premium Returns Amid DOGEs 110% Rally Per the post, WIF could see its surge above the $50 mark if it performs similarly to SHIBs price action post-Coinbase listing. Sito pointed out that this would lead to WIFs price trading at $52 by Christmas day. Moreover, he detailed that SHIBs listing occurred towards the end of the previous bullish cycle, arguing that dogwifhats listing could be even more bullish as it would allow for more organic growth. As of this writing, WIF is trading at $4.05, a 71.6% surge in the last seven days. Featured Image from Unsplash.com, Chart from TradingView.com

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Experts Discuss What Made Solana Memecoins The Cycles Top Narrative

During this cycle, Memecoins, especially Solana-based ones, became the leading narrative of the crypto market. These tokens have eclipsed investors attention and overshadowed the performance of many large-cap altcoins. Some experts weighed in on the markets performance over the last year, discussing what made meme-based tokens the cycles top-leading narrative, and what could be next for the industry. Related Reading: FET Gears Up for Gains: Bullish Momentum Eyes $1.8 Breakout The Value Of Solana Interjective Culture Coins Qiao Wang, co-founder of Alliance DAO, shared his thoughts on the market dynamics that led to each cycles top narrative. In the X post, he noted how theres an opportunity for retail to outperform professionals every cycle. The alpha is for retail to get involved at a time when there’s too much career risk for professionals to get involved. Retail investors outperformed professionals during the first cycle with simply Bitcoin, Wang explained. In the second cycle, investors took advantage of Ethereum’s narrative, while Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs) became the leading retail opportunities during the third one. Solana and the intersubjective culture coins, as Wang called memecoins, have dominated the ongoing cycle. The meme-based tokens popularity has often been criticized for a lack of utility and substance, frequently resulting in a quick buck for their creators and a few early buyers. Nonetheless, Wang seemingly suggests that these tokens value relies on the shared culture behind them, an argument that experts and industry figures have discussed before. As reported by NewsBTC, crypto traders Ansem and Kel debated the value of memecoins in the Unchained podcast. In the interview, the traders explained theres value in memes and culture on the internet, which makes a comparison with other altcoins pointless. They added that the crypto community is very internet-centered as its members understand the financial aspect and are very knowledgeable about online culture. As such, crypto investors realized theres an opportunity to financialize meme virality in the industry. Additionally, they pointed out that the shared experience of relating is another crucial factor driving the craze of meme-based tokens, as seen with the communities of Solana-based memecoins like dogwifhat (WIF) and Popcat (POPCAT). Memecoins ‘Absorbed’ The Markets Energy On Sunday, Chris Burniske, the co-founder of Placeholder, also took X to weigh in on the memecoins frenzy. To him, Memecoins tendency to trigger is all you need to observe to know theyll be bigger than we expect in the expansion ahead. In the post, Burniske revealed that he considers the trend is clear as the cultural relevance NFT collections had in 2021 will be surpassed by some of the memecoin sensations of this cycle. It is worth noting that, on October 7, the total market capitalization of Solana memecoins surpassed $10 billion, as SolanaFloor reported. Solana co-founder Anatoly Yakovenko replied to Burniske, sharing his theory for why memecoins became the leading narrative. Yakovenko considers that the previous cycles were also 90% memes and 10% products. Related Reading: XRP Takes A 16% Hit In SEC Lawsuit Drama, But Analysts See Hope However, he suggests that today, the sector has monopolized the energy that propelled different narratives during other cycles: My theory is that memecoins today have completely absorbed the meme energy that drove other cycles, like DeFi summer, Solanas co-founder noted. Based on it, Yakovenko believes that products must make it purely on value now, which could be a positive thing for the broader industry. As of this writing, Solana (SOL) is trading at $151, a 4% surge in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com

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Dogwifhat price makes a comeback as WIF price rallies 76% in 30 days Whats next? 

Dogwifhat price staged an over 70% rally over the past month as memecoin traders reset their positions.

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