Schlagwort: crypto business

• Dogecoin (DOGE) faces competition as MMTR gains traction and attracts major investors.
• Market sentiment points to Memeinator (MMTR) potentially retesting $0.04 before end of this month.
• Memeinator is currently listed on Uniswap and MEXC after a successful public presale round.

With the recent surge of meme coins like Dogecoin (DOGE) capturing the attention of investors worldwide, one particular contender, Memeinator (MMTR), has been generating significant buzz especially after its recent listing on Uniswap and MEXC crypto exchanges.

This article delves into the Memeinator (MMTR) price prediction and whether it stands a chance against the reigning meme coin champion, Dogecoin (DOGE).

Memeinator performance after listing on Uniswap and MEXC

Memeinator’s recent listing on the MEXC exchange has generated significant buzz within the crypto community.

Since its debut on May 29, 2024, MMTR has experienced a rollercoaster ride of price fluctuations. Initially skyrocketing above $0.047, MMTR’s price has since retraced, currently hovering around $0.02409 on MEXC.

Despite the slight dip in value, MMTR’s trading volume remains impressive, with 24-hour trading volume reaching $14.25 million on MEXC alone.

Additionally, trading on decentralized exchanges like Uniswap contributes to MMTR’s liquidity, with a 24-hour trading volume of $78.3K.

These figures highlight MMTR’s growing popularity and investor interest, setting the stage for its potential ascent in the meme coin arena.

Memeinator price forecast

MMTR’s price movements on MEXC provide valuable insights into its market dynamics.

Despite experiencing an 8.30% decline in value, MMTR’s trading volume remains robust, indicating active participation from investors.

The coin’s 24-hour high and low prices of $0.02680 and $0.02271, respectively, illustrate the price volatility characteristic of meme coins.

Moreover, MMTR’s price surge on its first day of trading underscores investor optimism and appetite for this emerging cryptocurrency.

However, market sentiment suggests that Memeinator (MMTR) could retest the $0.04 level before aiming for $0.1 by the year’s end, signaling bullish expectations for its future performance.

Comparing Memeinator (MMTR) to Dogecoin (DOGE)

Despite Dogecoin’s established position and endorsement from influential figures like Elon Musk, MMTR’s recent developments hint at its potential to challenge DOGE’s dominance.

While Dogecoin boasts a vibrant community and widespread adoption for tipping purposes, MMTR distinguishes itself with innovative features like the Memescanner and the Memeinator game, offering genuine utility beyond meme trading.

Moreover, MMTR’s price performance, trading volume, and market sentiment indicate growing investor confidence, positioning it as a formidable competitor to Dogecoin’s throne.

After all, MMTR is already trading above Shiba Inu (SHIB), Bonk (BONK), Pepe (PEPE), and Floki (FLOKI), all of which have been making waves within the meme coins’ space lately. Going by its current price, MMTR’s eyes are now on Dogecoin and Dogwifhat (WIF).

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• EOS Network Foundation caps token supply at 2.1 billion.
• New economic model includes 4-year halvings and support for RAM market.
• 950 million EOS tokens to be minted for ecosystem growth and rewards.

In a groundbreaking move, the EOS Network Foundation, under the leadership of CEO Yves La Rose, has approved a community proposal to cap the total supply of EOS tokens at 2.1 billion.

This decision marks a significant shift in the network’s tokenomics, aiming to stabilize and enhance the economic model of the EOS ecosystem.

Community approval and implementation

The proposal, which gained approval from at least 15 of the 21 EOS block producers, involves burning nearly 80% of the current total EOS token supply.

This drastic reduction is primarily sourced from future emissions, effectively decreasing the maximum supply from 10 billion to 2.1 billion tokens.

Yves La Rose confirmed the community’s consensus on the proposal through a post on X, emphasizing the foundation’s commitment to a fixed token supply and reduced inflation.

Currently, the circulating supply of EOS stands at 1.15 billion tokens, accounting for 54% of the newly established cap.

To support ongoing and future ecosystem growth, the proposal also includes minting an additional 950 million EOS tokens.

The minted tokens will be allocated to various ecosystem activities, such as rewarding stakers and block producers, ensuring continued incentivization and support for network participants.

Besides the trasition to a fixed token supply and reduction of the fully diluted valuation (FDV), La Rose highlighted several other key aspects of the proposal, including scheduled halvings every four years, and enhanced RAM market support.

In general, these changes aim to foster a more predictable and sustainable economic environment for the EOS network, positioning it for long-term success and stability.

EOS Network Foundation leadership transition

It is important to note that EOS was originally the creation of Block.one and the EOS token was introduced to investors through an initial coin offering (ICO) conducted between 2017 to 2018 raising $4 billion.

However, following some allegation of Block.one not reinvesting the funds raised during the ICO back in the EOS Network development, La Rose founded the EOS Network Foundation as a non-profit organization to support the EOS Network.

By capping the token supply and implementing a series of economic reforms, the EOS Network Foundation aims to create a more robust and investor-friendly ecosystem.

The planned changes are expected to be rolled out over the coming months, ushering in what La Rose describes as a “new era for EOS.”

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• The Uniswap Foundation announced a delay to an upgrade vote on the protocol’s fee mechanism.
• UNI price reacted lower, declining 9% to hit lows of $10.17.

The Uniswap Foundation has postponed the governance vote on a proposal aimed at activating a new fee mechanism for the protocol. This proposal would have initiated a fee switch for Uniswap, providing for rewards to UNI token holders who stake and delegate their tokens.

As the market reacted to the news, the price of UNI fell by nearly 9% to touch lows of $10.17 across major exchanges.

Uniswap postpones key upgrade vote

Uniswap announced the fee switch proposal last week, with an on-chain deployment and vote set for today, Friday. However, this will now not go ahead as planned as per a new update.

In an update today, the Uniswap Foundation stated that the delay relates to an issue a stakeholder raised following the proposal. This has necessitated “additional diligence” on the part of the Foundation.

“Due to the immutable nature and sensitivity of our proposed upgrade, we have made the difficult decision to postpone posting this vote. This was unexpected, and we apologize for the postponement. We will keep the community apprised of any material changes and will update you all once we feel more certain about future timeframes,” the Uniswap Foundation noted via its official X account.

UNI price

The UNI token traded to highs of $11.04 on Friday before the announcement saw the token’s value tumble.

UNI price has moved lower since hitting highs of $11.79 on May 26. The RSI on the daily chart suggests bears might yet target prices around the $10 level.

With Unswap price currently changing hands around $10.26, a breakdown below the psychological level could push it to support near $8.00.

As can be seen in the chart above, UNI price fluctuated within the $6.80-$8.22 range for several days before the breakout on May 20.

The post Uniswap delays protocol upgrade vote; UNI price falls 9% appeared first on CoinJournal.

• The Solana meme coin frenzy welcomes Piggy Bankster (PIGS), a pig-themed token.
• Piggy Bankster’s presale starts June 4th with 100M $PIGS tokens.
• Solana’s ecosystem witnesses surge in activity amid increased meme coins activity.

Lately meme coins, most of which have launched on Solana blockchain, have emerged as powerful drivers of market activity and community engagement.

Leading the Solana-based meme coins frenzy are notable coins like Dogwifhat (WIF) and Bonk (BONK), which have captured the imaginations of investors and enthusiasts alike with staggering price increments.

Joining this dynamic landscape is Piggy Bankster (PIGS), a new meme coin entrant poised to leverage the success of other Solana-based coins. PIGS’ presale is scheduled to launch on June 4th, 2024.

Piggy Bankster (PIGS): the new Solana meme coin

Piggy Bankster brings a unique and intriguing narrative to the meme coin space that has been crowed by dog and frog-themed coins.

The pig gangster-themed coin is represented by a charismatic pig nicknamed Piggy Bankster who has clawed his way from the slums of Swine City to the pinnacle of the criminal underworld.

Piggy Bankster, always donning a pin-striped suit, is known for his ruthlessness, loyalty, and a fierce drive for power. His story is one of resilience and dominance, fitting perfectly into the meme coin culture that thrives on strong characters and engaging backstories.

The launch of Piggy Bankster is set against the backdrop of a booming meme coin market on the Solana blockchain.

Notably, the recent surge in popularity of Solana-based meme coins has driven substantial excitement and user activity on Solana, leading to increased network usage and a corresponding rise in the value of SOL, Solana’s native token.

Data from Dune Analytics highlights a rise in deployed transactions and revenue within the Solana ecosystem, correlating with the meme coin craze. Additionally, data on DeFi Llama shows a substantial increase in Solana’s Total Value Locked (TVL) throughout 2024, reflecting the platform’s expanding ecosystem and growing adoption.

However, this surge in activity is not just limited to meme coins. The broader Solana ecosystem has seen an influx of new projects, further enhancing the platform’s appeal. The recent integration of Solana into the multichain portfolio tracker Pulsar Finance simplifies asset management for users and underscores Solana’s growing importance in the Web3 landscape.

Piggy Bankster launch details and tokenomics

The Piggy Bankster ($PIG) presale launch is designed as a fair launch on the Solana network, ensuring that all participants have an equal opportunity to acquire the token from the outset.

The total supply of Piggy Bankster tokens is set at 100,000,000 $PIGS, with 100% of this supply being allocated to the liquidity pool. The initial liquidity is pegged at $12,000, establishing a starting price of $0.00012 per single PIGS token.

This strategic approach to the presale and liquidity provision aims to promote transparency and community involvement, key principles that resonate strongly within the cryptocurrency community.

Piggy Bankster’s persona is brought to life through memorable quotes that capture his ethos and appeal to the meme coin community. Statements like, “All I have in this world is my word and my snout. And I don’t break ‘em for nobody,” and “When you mess with the best, you get turned into bacon,” reflect the character’s tough and unapologetic nature.

For more information, you can visit the Piggy Bankster website, or follow the project on Twitter, or join the Telegram group for the latest updates.

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