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Bonk Defies Market Slump to Rise Another 18%, Meme Kombat & Sponge Also Post Gains

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Bonk (BONK) has defied the slump seen throughout the meme coin market recently, rising 10% to hit the $0.000015 level.

Alongside Bonk, fellow meme coins Meme Kombat (MK) and Sponge V2 (SPONGEV2) are also gaining market traction ahead of their official listings in the coming weeks.

Bonk Bucks Bearish Trend as Meme Coin Rivals Struggle

Bonk has been one of the few bright spots for meme coin investors this week, with almost all of its peers posting sizable losses.

Dogecoin (DOGE) and Shiba Inu (SHIB) are both down significantly, while Floki Inu (FLOKI) has been the worst hit with an 18% loss.

However, BONK has weathered this bearish storm and trended upwards, while other meme coins have declined.

Some market commentators attribute BONK’s resilience to the fact it is hosted on Solana rather than Ethereum.

Considering fellow Solana-based meme coin dogwifhat (WIF) is one of the only other tokens currently in the green for the week, this suggests a shifting preference from investors.

According to CoinMarketCap, BONK trading volume has soared 65% alongside the token’s price rise, hitting $603 million.

This is more than double Shiba Inu’s trading volume in the past 24 hours – showcasing the degree of interest from retail investors.

Viral Meme Kombat Presale Gains Ground & Hits $6.5M Funding Milestone

It’s not only BONK that is performing well – presale meme coin Meme Kombat (MK) has also posted sizable gains this week.

Meme Kombat’s presale recently breached the $6.5 million funding milestone, with investors from around the world clamoring to get involved.

The main reason for this colossal investor interest is the discounted rates offered on MK, Meme Kombat’s native ERC-20 token, during the ongoing presale.

Early investors can buy MK tokens for just $0.279 at the time of writing, which is expected to be a discount on the eventual Uniswap listing price.

However, Meme Kombat’s presale is now in its final stage, meaning would-be investors only have a narrow window to get involved before the token hits the open market.

Members of Meme Kombat’s Telegram community believe the upcoming Uniswap listing could be a catalyst for a significant price spike, given the increase in liquidity and accessibility it would bring.

Additionally, since Meme Kombat’s team has allocated 10% of the total MK supply for DEX liquidity, the token’s price stability is expected to be relatively high.

Looking ahead, Meme Kombat founder Matt Whiteman has laid out plans to continue expanding the project’s ecosystem with new use cases and game modes.

These factors play into the hype around Meme Kombat’s upcoming launch, making it one of the only meme coins to gain ground this week.

Visit Meme Kombat Presale

Sponge V2 Defies the Odds as Investors Clamor for New Meme Coin

Lastly, Sponge V2 (SPONGEV2) is also defying the bearish sentiment seen throughout the meme coin space this week.

Sponge V2 is the upcoming “Version 2” of the original Sponge (SPONGE) meme coin, launched in May 2023.

The original coin was an instant success, rising to a market cap of $100 million within days and providing enormous returns for early backers.

Sponge’s developers are now looking to kickstart the evolution of the project via SPONGEV2 and the novel “Stake-to-Bridge” protocol.

As outlined in Sponge V2’s whitepaper, this protocol allows holders of the original SPONGE token to stake them and earn SPONGEV2 as a reward.

The reward rate is currently set at 358% per year – leading to more than $3.9 million worth of SPONGE being staked already.

Another reason investor buzz is growing around SPONGEV2 is the token’s play-to-earn gaming integration.

The development team is in the process of designing a blockchain-based racing game where players can earn additional SPONGEV2 tokens through engaging gameplay mechanics.

These features have led prominent YouTubers like ClayBro to mention SPONGEV2 in recent videos.

With the buzz around the project showing no signs of going away, Sponge V2 could be another meme coin to watch ahead of its exchange launch.

Visit Sponge V2 Website

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Meme Index ICO Raises Millions as Investors Bet Big on New Era of Meme Coin Trading

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Meme coins are famous for their volatility – but a new project wants to bring order to the chaos.

Meme Index (MEMEX) has raised over $2.7 million for its index-based approach to meme coin investing.

And with its early momentum showing no signs of fading, the future looks promising for MEMEX.

How Meme Index’s Diversification Strategy Works in Practice

Meme Index offers a simple solution to the volatility of meme coins: diversification.

Instead of betting on a single coin, Meme Index lets investors spread their risk across the entire meme coin market, similar to how traditional investors diversify their portfolios with stocks.

This is achieved through four indexes – each targeting a different area of the meme coin market.

The Meme Titan Index focuses on established coins like PEPE and SHIB, offering a more conservative approach.

For those seeking higher-risk, higher-reward opportunities, the Moonshot Index tracks promising newcomers with strong potential.

The Midcap and Frenzy Indexes cater to those interested in smaller coins.

This structure lets traders choose their risk level, offering exposure to big names and low-cap gems.

All while mitigating the anxiety of single-token investments.

It’s a setup that’s attracting a lot of attention online, especially on Twitter, where Meme Index has over 21,000 followers.

The MEMEX token has also been ranked on CoinSniper’s list of cryptos to watch.

MEMEX Token – High Yields Meet Community Governance

MEMEX is more than just a random coin; it’s the key to unlocking all of Meme Index’s features.

Holding MEMEX grants users access to all four indexes and also gives them governance rights.

This means token holders can actively participate in shaping Meme Index’s future.

They can vote on everything, from index composition to which features the development team should add next.

What’s also eye-catching is Meme Index’s staking program.

This program offers market-beating yields for MEMEX holders, estimated at 856% annually.

That means an investor could hypothetically stake 100,000 MEMEX and see their holdings grow to over 950,000 tokens in just one year (assuming the yield remains constant).

Some big-name YouTubers are beginning to discuss Meme Index’s potential.

NASS CRYPTO, who has over one million subscribers, released a viral video earlier this week about the project.

It has had more than 68,000 views in 24 hours.

The fact that such popular influencers are talking about Meme Index shows just how much interest there is in meme coin trading solutions.

Why Meme Index Could Thrive in a 2025 Bull Market

Meme Index’s momentum coincides with some bullishness in the crypto market.

Bitcoin’s latest all-time high and Wall Street’s growing acceptance of crypto have created huge positivity.

Political developments, such as Trump making pro-crypto appointments, add to the bullish sentiment.

Many believe the market is primed for another bull run.

And this context makes Meme Index particularly interesting.

During the previous bull run, meme coins produced enormous returns for some investors, but others suffered losses by getting in at the wrong time.

Meme Index’s index-based approach offers a solution to this.

Instead of trying to pinpoint when a meme coin might break out, traders can instead diversify across a basket of coins, capturing potential gains across the board.

The benefits of this are huge – lower risk, more balanced exposure, and a strategy that’s built for the long term.

No wonder Meme Index’s Telegram channel has multiplied in early 2025.

So, with millions in presale funding raised and a fast-growing online community, Meme Index looks set for a successful year.

Visit Meme Index Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

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Top Dogecoin Price Predictions as DOGE Whales Go on a Buying Spree

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TL;DR

  • Analysts predict a bullish outlook for Dogecoin (DOGE), with potential price targets above $2, driven by bullish chart patterns and significant whale accumulation.
  • The creation of Elon Musk’s Department of Government Efficiency (D.O.G.E.) has fueled speculation, with future endorsements potentially reflecting on the meme coin’s price performance.

DOGE’s Next Potential Targets

Dogecoin (DOGE) has experienced intense turbulence in the past week, with its valuation hovering between $0.33 and $0.43. It reached its local peak on January 18 (two days before Donald Trump’s inauguration), while currently, it trades at approximately $0.36 (per CoinGecko’s data).

DOGE Price
DOGE Price, Source: CoinGecko

Despite the significant volatility, many industry participants remain optimistic that DOGE could soon tap a new all-time high. X user Trader Tardigrade claimed that the asset has formed a bull flag on the 2-day chart, which could trigger a price explosion to as high as $2.

Prior to that, JAVON MARKS outlined an even more bullish prediction. They think DOGE has been “showing strength, and by historical performances, prices can be set for an over +432% gain from here.” The meme coin was trading at around $0.38 at the time of the forecast, and the potential increase would result in a valuation surpassing $2. 

One major factor signaling that the OG meme coin could indeed witness a substantial rally in the short term is the whale activity. According to X user Ali Martinez, such large investors have purchased 590 million tokens (equaling more than $215 million) in the past 24 hours. 

Consistent efforts in that field will reduce DOGE’s circulating supply and create upward pressure on the price (should demand stay the same or rise). In addition, the whales’ actions could encourage retail investors to follow suit and inject further capital into the ecosystem. 

D.O.G.E. and DOGE

Another element signaling good days ahead for DOGE bulls is the establishment of the Elon Musk-led Department of Government Efficiency. The entity’s abbreviation is the same as that of the meme coin, while Tesla’s CEO is a huge proponent of the asset. 

Earlier this week, Dogecoin’s value briefly skyrocketed by double digits after D.O.G.E. featured the token’s logo on its official website. It later removed it, but if Musk or the agency continues to endorse it, the price might rally again.

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Coinbase CEO Suggests Possible USDT Delisting Under Regulatory Pressure

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Coinbase CEO Brian Armstrong has revealed that the exchange could be forced to delist USDT to comply with potential new regulations.

Armstrong was discussing the possible impact of new rules that could require stablecoin issuers to back their tokens entirely with U.S. Treasury bonds and undergo periodic audits to ensure transparency and financial integrity.

Shifting Regulatory Landscape

The executive was speaking to the Wall Street Journal on the sidelines of the World Economic Forum in Davos, where he stressed that it would be essential for his company to comply with the anticipated regulations even if it meant removing Tether from its platform.

Armstrong was also keen to point out that Coinbase would continue providing USDT services to customers to facilitate their off-ramping to other compliant assets. “We want to help them transition to a system that we think is more secure,” he said.

The exchange has already delisted several crypto assets from its European operations to comply with the Markets in Crypto Assets (MiCA) regulations. However, it has left the door open for possible relistings if the tokens meet the requirements at a “later date.”

One of the biggest criticisms leveled against Tether is that its quarterly attestations, published through BDO Italia, fall short of full audits. Additionally, observers argue that the reports may not meet the rigorous standards likely to be set by new U.S. legislation.

USDT currently dominates the stablecoin market, making up about 65% of the sector’s nearly $213 billion valuation. Its issuer holds about 80% of its reserves in Treasury bills, supplemented by assets such as gold and Bitcoin.

Towards the end of 2024, it added an extra $700 million worth of BTC to its reserves, bringing its total holdings of the cryptocurrency to $7.8 billion. This came even as its closest competitor, Circle, announced a partnership with Binance to help push the global adoption of USDC and whittle down USDT’s oversized market share.

Tether Finds a New Home

In April last year, Wyoming Senator Cynthia Lummis, together with her New York counterpart Kirsten Gillibrand, introduced the Payment Stablecoin Act, a bipartisan bill meant to create a framework for fiat-pegged cryptocurrencies.

If such legislation were to pass, it could force Tether to change its reserve policies and reporting methods to remain in the United States.

Interestingly, the crypto firm has already started shifting its focus away from the U.S. and European markets, positioning itself more in emerging economies. It recently announced plans to move operations to Bitcoin-friendly El Salvador, in what some see as a strategy to stay outside major regulatory zones.

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