Lưu trữ cho từ khóa: Meme coin

Bitcoin

LEN, SASHA, and ODIN: Len Sassaman-inspired meme coins pop up in the market before Satoshi identity reveal

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In the lead-up to an HBO documentary’s Bitcoin founder reveal, memecoins inspired by Len Sassaman and his cats, Sasha and Odin, have started appearing on Solana, Ethereum, and Bitcoin networks.

After dominating the Polymarket betting pool on Bitcoin creator Satoshi Nakamoto‘s identity, Len Sassaman has gained popularity in crypto circles as many are hailing the deceased-cryptographer as the most likely candidate that will be unveiled in the HBO Documentary titled “Money Electric: The Bitcoin Mystery”.

The documentary, set to premiere on Oct. 8, promises to reveal the the true identity behind the pseudonym that introduced Bitcoin, Satoshi Nakamoto.

In the days leading up to the reveal, various memecoins have been created in honor of Len Sassaman and his cats. LEN, SASHA and Odin are just some of the memecoins that have sprouted in the past week thanks to Sassaman’s popularity amongst Polymarket bettors.

Sasha Cat’s token SASHA, a Solana memecoin modeled after Sassaman’s orange cat Sasha, has risen above 70% in the past day according to data from CoinMarketCap. Since its launch, SASHA has garnered has a market cap of $1.2 million.

Meanwhile, the memecoin named after Sassaman’s other cat, Odin, has been rising above 15% in the past day on GeckoTerminal. Though not as popular as SASHA, Odin has racked up a market cap of $236.000 in the two days its been on the market. The Odin memecoin is also powered by Solana.

Aside from the cryptographer’s cats, several memecoins were also created for Len Sassaman with the ticker LEN. LEN tokens on Solana and Ethereum were created by traders in the past week, running to a market capitalization of a few million before paring gains.

Another LEN token issued over four months ago, claiming to be the first to be issued on Solana, saw a price boost last week and has a market cap of over $1.6 million as of Monday.

Polymarket betting market for Satoshi Nakamoto identity reveal — Oct. 7, 2024 | Source: Polymarket

On the day before the HBO Documentary is set to premiere, Sassaman’s odds are nearly at 40% based on the Polymarket “Who will HBO doc identify as Satoshi?” market. His rankings are closely followed by bettors who believe that Satoshi is a group of people or someone entirely off the board, with 38% odds.

The figure with second largest odds is Adam Back, CEO of Blockshare, with more than 7%. He will also make an appearance in the HBO documentary based on the trailer.

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Theo Crypto News

Phân tích

POPCAT hits new ATH with 19% surge despite mixed signals

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Popcat, a Solana-based meme coin, has recorded an impressive rally to secure a new all-time high, defying the overall market’s shaky sentiment. 

This dramatic increase continues a multi-day trend, with the asset experiencing notable upward momentum since Oct. 4. On that day, Popcat (POPCAT) rallied by 21.8%. Interestingly, Oct. 6 brought another 15.17% spike, fueling the ongoing bullish surge.

POPCAT is up 19% in the past 24 hours and is trading at $1.45 at the time of writing. Its price has also appreciated 53% in the last week, with its market cap surging to $1.4 billion. A spike in 24-hour volume to $155.8 million confirms the growing interest.

POPCAT 1D chart – Oct. 7 | Source: crypto.news

The asset’s rise pushed it to a new all-time high of $1.48 this morning, breaching the $1.07 peak set last month. Despite correcting slightly from $1.48, POPCAT remains in price discovery. The spike now places it above the Upper Bollinger Band at $1.338, indicating an overbought condition. 

This often suggests a potential price correction is on the horizon, as market participants look to take profit. However, in strong bullish trends, prices can remain overbought for extended periods, leading to further gains. 

The Commodity Channel Index, which is currently at 267.67, supports this. This CCI reading signals extreme buying pressure and a potential reversal if the trend weakens. 

Nonetheless, if buying momentum persists, this momentum could push POPCAT into higher territory before any meaningful pullback.

Should a pullback occur, immediate support lies at $1.2172. A drop below this level would expose the coin to further losses, with $1.0698 acting as the last line of defense above the psychological $1 mark. 

If the price were to collapse below $1, bulls would need to defend the $0.8313 pivot level to avoid falling into bearish territory. Despite these possible risks, the price action remains bullish for now.

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Theo Crypto News

Altcoin

Giko Cat, inSure DeFi and Sudeng coins exhibit double-digit gains as Solana struggles

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Giko Cat, Sudeng and inSure DeFi emerged as the top gainers in the last 24 hours with a double-digit surge.

CoinGecko data shows that while top coins like Ethereum (ETH) and Solana (SOL) are recovering with a 1-3% surge after the recent dump, some meme coins pulled off double-digit gains.

Cat-themed meme coin Giko Cat (GIKO) is up by 52% in the last 24 hours. It is the largest gainer as per CoinGecko’s top gainers list during this period.

The coin has a market cap of $63 million. GIKO’s surge can be attributed to the popularity of cat-inspired meme coins, which is led by Popcat (POPCAT).

GIKO is up by over 280% in the last seven days and up 2,100% in the last 30 days. This notable surge happened amidst the highly volatile market conditions.

Source: CoinGecko

InSure DeFi pumps 40%

InSure DeFi (SURE) is second on the list as the top gainer with its 40% surge. Trading at $0.003166, the coin has surged from its seven-day low of $0.00203.

Even though its 24-hour pump is commendable, the meme coin is down by over 35% in the last 30 days.

Source: CoinGecko

Unlike GIKO, InSure DeFi is not a meme coin and is part of a crypto and RWA portfolio insurance ecosystem.

However, the exact reason for the surge of InSure is not clear as there haven’t been any notable development announcements in the last 24 hours.

Sudeng bags the third position

Sudeng (HIPPO) is another spin-off token inspired by the Moo Deng hippopotamus. According to CoinGecko, HIPPO is the third-largest gainer in the last 24 hours.

Source: CoinGecko

Amid the not-so-bullish market conditions, this meme coin has managed to surge by over 36%. HIPPO has gained investor attention as analysts are shilling the coin all over X.

With the meme coin now standing at a $169 million market cap, analysts speculate that $200 million could be next.

However, the meme coins can quickly reverse course and wipe off all the gains in just a day.

Moo Deng (MOODENG) is a prime example, as the meme coin lost over 40% in the last seven days after a notable surge.

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Theo Crypto News

Phân tích

BaoBaoSol, Moo Deng meme coins surge and defy bearish market

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BaoBaoSol, a new meme coin seemingly inspired by the red panda-themed token, and Moo Deng, the recently launched hippo-themed token, have defied overall market conditions, showcasing triple-digit gains.

According to CoinGecko data, BaoBaoSol (BAOS) spiked 831.8% while Moo Deng (MOODENG) rose 511.2% in. the last 24 hours at last check Sunday.

The meme coin market cap stands at $50.8 billion.

While little is known about the BaoBaoSol meme coin, Moo Deng is making waves in the digital currency world.

The coin — inspired by a pygmy hippo born this past summer at a zoo in Thailand — experienced a significant upward movement in recent weeks.

Recent price movement

In the past month, Moo Deng has seen a notable rise in value, jumping to a record high of $0.3495, bringing the weekly gains to over 700%.

Crypto enthusiasts wasted little time capitalizing on the baby hippo that went viral, creating memes, videos, and challenges related to Moo Deng.

The popularity coincided with a coin surge driven by an influx of new buyers drawn to its low entry price and the hope of riding the next big meme coin wave.

Community-led growth, plus caution

The Moo Deng community has played a key role in its price movements.

Unlike other meme coins that rely on celebrity endorsements or large exchanges, Moo Deng’s growth has been almost entirely organic, driven by grassroots engagement.

Despite the recent surge, crypto analysts warn investors about the volatility of meme coins. See below.

Moo Deng’s price could continue fluctuating, driven by unpredictable factors like market sentiment.

At one point, Moo Deng’s market cap soared to over $300 million, making it the biggest token in the Pump.fun ecosystem. It has since come down to $138 million.

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Theo Crypto News

Phân tích

Popcat leads weekly gains with a 35% surge, open interest up 344%

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Popcat emerged as the top gainer this week, driven by improved trader sentiment and a sharp rise in its futures open interest.

Popcat (POPCAT) rose over 35% in the last seven days, hitting a new all-time high of $1.26 on Oct. 5. Most of these gains came within the last 24 hours. the token rose 20.6% from its intraday low of $0.98. 

The Solana-based token was also up 112% over the past month, making it the second-largest gainer among the top 100 cryptocurrencies, boasting a market cap exceeding $1.2 billion, according to CoinGecko.

One of the key bullish arguments for Popcat is its widely distributed ownership, with large holders controlling just 17% of the total supply per CoinCarp data.

The same cannot be said for its competitors like Bonk (BONK) and Shiba Inu (SHIB), which are far more concentrated, with the top 10 wallets holding 52% and 61% of the supply, respectively.

This makes Popcat less vulnerable to “whale” manipulation and offers a more stable, balanced trading environment.

Bulls remain in control

The coin’s futures open interest is up 344% to a record $191.11 million, signaling that traders are heavily positioning for further price gains.

On the 1D POPCAT/USDT chart, the recent price action has pushed the token above the upper Bollinger Band, currently at $1.865, confirming the strong upward momentum. 

However, this also means that the token has reached an overbought zone. This is reinforced by the Commodity Channel Index spiking to 222.2, well above the 100 threshold that indicates overbought conditions.

POPCAT price, Bollinger Bands and CCI chart | Source: crypto.news

Although these technical signals suggest the potential for a market correction, the token’s successful retest of the upper Bollinger Band earlier today reinforces the idea that bulls remain in control.

This could point to continued upward momentum in the short term, although traders should still exercise caution due to the overbought indicators.

Price predictions

Trader sentiment on X aligned with the technical outlook as market observers pointed out that Popcat was in price discovery, meaning the token could print new highs soon.

According to analyst Altcoin Sherpa, Popcat has broken out of a key trading range, adding that as long as the price of Bitcoin remains stable, the upward trend could continue, potentially targeting the $2 mark. See below.

Another observer, Murad, offered an even more bullish outlook, predicting the meme coin could reach a price target of $5, a 300% surge from its current level of $1.24.

Meanwhile, another pseudonymous analyst, ‘TraderSz,’ noted that POPCAT breached a key resistance level of around $1.20 and is now heading towards the next major resistance at $1.50.

At the time of writing, Popcat was trading at $1.24. While it remains to be seen if the meme coin can hold this level, community sentiment appears optimistic, with data from CoinMarketCap showing that 69% of traders, out of 4,473 votes, are bullish on its future prospects.

As previously reported by crypto.news, crypto analysis firm Cryptonary predicted that Popcat could reach a price target of $40 during the current bull run, driven by strong community support, the so-called “meme coin supercycle,” and its growing prominence in the Solana ecosystem.

The creator of the Popcat meme coin hasn’t been explicitly named. The token’s popularity stems from a meme of a cat named Oatmeal chirping at a bug. The video, featuring alternating images of Oatmeal with its mouth open and closed, quickly turned into a GIF.

It eventually went viral. Students from the University of Sheffield in England created a Popcat-inspired game that revolves around clicking an image of Oatmeal to generate points.

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Theo Crypto News

Phân tích

Sudeng soars to record high as Sui meme coins gain traction

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Sudeng, a recently launched meme coin on the Sui Blockchain, rose by over 30% as cryptocurrencies recovered.

Sudeng (HIPPO) rose to a record high of $0.0143 on Oct. 3, a 180% increase from its lowest level this week.

This rally happened as demand for Sui (SUI) meme coins jumped, with their total market cap rising to $234 million.

Blub, the second-biggest meme coin in the ecosystem after Sudeng, rose by 10% in the last seven days. Fud the Pug (FUD) and aaa Cat jumped by over 107% and 665% in the same period.

Sudeng’s rally happened as the Sui Blockchain continues to see robust activity. Its token has been the best-performing big coin in the last 30 days as it jumped by over 127%.

Sui Blockchain is doing well

More data shows that the total value locked in its ecosystem has risen by over 66% in the 30 days to over $1.01 billion. This growth makes it the seventh-biggest blockchain in the industry, with the biggest players being NAVI Protocol, Cetus, Suilend, and Scallop Lend.

Sui has also become a big name in the DEX industry, helped by the strong performance of meme coins in its ecosystem. Its DEX volume rose by 32% in the last seven days to over $826 million, making it the sixth-biggest name in the industry.

According to Suiscan, total transactions in its network rose by over 12.5 million in the last 24 hours to 2.02 billion. 

Meme coins have become a big part of the crypto industry, with data by CoinGecko estimating that they have a combined market cap of over $50 billion. 

Their surge has made many people highly wealthy. According to Lookonchain, one of Sudeng’s holders sold his 2.53 billion HIPPO tokens for $7,500. With Sudeng’s price surging, these tokens would be worth over $30 million.

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Theo Crypto News

Phân tích

Degen price surges after Coinbase listing, but gains could be brief

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Degen, the second-biggest meme coin on the Base Blockchain, went parabolic on Oct. 2, making it the best-performing cryptocurrency. 

Degen (DEGEN) surged by over 128%, rising to a high of $0.012, its highest level since June 16. It has soared by 300% from its September low. The surge happened after being listed by Coinbase, the largest crypto exchange in the United States.

Cryptocurrencies often jump after being listed by tier-1 exchanges like Coinbase, Binance, Bybit, and OKX. This rally happens due to the general hype among traders and rising expectations that the token will become accessible to more investors.

However, these exchange listing pumps tend to be short-lived, especially when market sentiment is not favorable.

Degen also jumped as the number of smart money holders increased and as volume in centralized exchanges fell. Data from Nansen shows that the volume in exchanges fell by 9% to 3.65 billion, while smart money holders rose to 80, the highest level since July 21.

Degen token held by smart money wallets | Source: Nansen

Degen has grown to become a major player in the meme coin industry, with its market cap reaching $175 million. It is the second-biggest token in the Base network after Brett (BRETT), which has a market cap of over $843 million.

Most of these Base meme coins have performed well in the past few weeks. Mister Miggles has risen by 17% in the last seven days, while mfercoin, Basenji, and Keyboard Cat have jumped by over 10% in the same period. All meme coins in the ecosystem have a market cap of over $1.3 billion.

Their strong performance has helped propel Base into one of the largest layer-2 networks in the industry. Data by DeFi Llama shows that the volume in its DEX networks has risen by 16% in the past seven days to over $4.2 billion. 

Degen price popped

Degen price chart | Source: TradingView

Degen token popped after forming a double-bottom pattern at $0.0028. It rose above the pattern’s neckline at $0.005570, its highest point in September and August.

Degen also jumped above the 50-day moving average, while oscillators have pointed upwards. Therefore, the price will likely erase some of these gains as the post-listing momentum fades. If this happens, the next level to watch will be $0.0055.

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Theo Crypto News

Phân tích

Shiba Inu steady as CEX outflows and whale activity rise

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Shiba Inu, the second-biggest meme coin, has stabilized as outflows from centralized exchanges continued and whale activity increased.

Shiba Inu (SHIB) rose to $0.000018, bringing the seven-day gains to 26.4% and its market cap to over $10.8 billion.

Its strength coincided with that of other meme coins like Mog Coin (MOG), Pepe (PEPE), and Dogwifhat (WIF), which have all jumped by over 30% in the last seven days.

On-chain data shows Shibarium’s network has reversed most of the gains made last week. According to Shibariumscan, the average transaction fee in Shibarium dropped to 0.0025 BONE, down from last week’s high of 0.054 BONE.

Additional data shows daily additions have decreased, while the cumulative number of Shibarium accounts has grown to a record high of 126,750. Last week saw 470 new accounts added, down from the high of 3,200 seen last month.

Shibarium’s activity is important for Shiba Inu because a portion of the BONE generated in the ecosystem is converted into SHIB and burned.

On the positive side, there are signs that investors are bullish on Shiba Inu. Data from Nansen shows that SHIB’s CEX outflows continued this week, with net outflows worth over $2.7 million in the last 24 hours. The total tokens on exchanges have dropped by 0.3% in the last seven days to over 254.2 trillion, equivalent to $4.5 billion.

An outflow from centralized exchanges is often seen as positive since it suggests that investors are moving their coins to self-custody.

Meanwhile, data by Santiment shows Shiba Inu has experienced a significant increase in whale activity as most of them bought the dip. Other tokens with notable activity include Injective, Wrapped Bitcoin, and Maker DAO.

Shiba Inu steady above key moving averages

Shiba Inu price | Chart by TradingView

Shiba Inu bounced back last week, reaching a multi-month high of $0.000025. It then pulled back as the recent crypto bull run faded, crossing below the key support level at $0.000020, its highest swing on July 17. SHIB also dropped below the 61.8% retracement level.

However, it has remained above the 50-day and 200-day moving averages, suggesting that the recent recovery may remain intact. More upside will be confirmed if the coin rises and flips the resistance at $0.000020 into a support level.

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Theo Crypto News

DeFi

POPCAT leads the market with 6% surge in 24 hours

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Popcat, a meme token on the Solana blockchain, saw a remarkable rally, emerging as the highest gainer among the top 100 crypto assets over the past day.

At press time, Popcat (POPCAT) was up 6.2%, exchanging hands at $0.9918. The meme coin also saw 7.4% gains over the past week, with the highest gains recorded on Sept. 25 as both its price and market cap surged past $1 and $1 billion, respectively, marking their all-time highs.

The memecoin’s market cap now stands at $970 million, with its daily trading volume hovering around $107 million.

According to an X post by the pseudonymous analyst Bluntz, Popcat is showing positive signs again, with a healthy ABC correction pattern visible on the 4-hour chart, just below its all-time highs. The setup typically indicates a temporary counter-trend movement within a larger trend. 

Traders watching this pattern often interpret it as an opportunity to enter long positions in anticipation of the next upward move. Based on this, Bluntz speculated that the next upward move could help POPCAT break past its previous ATH.

A look at Coinglass data shows POPCAT’s open interest has surged by 12.6%, hitting an all-time high of $125.71 million at the time of writing, reflecting growing trader activity which seems to be fueling the meme coin’s ongoing rally. Additionally, the weighted funding rate has reached a record high of 0.0484%, further reinforcing the coin’s upward momentum.

Social sentiment surrounding the memecoin was also largely bullish, with 70% of participants expecting further gains in the short term, per CoinMarketCap data.

On the 1D chart, POPCAT currently stands above its 50-day EMA suggesting that the asset is gaining upward momentum and traders may view it as a potential buy signal for further gains.

The surge has propelled POPCAT close to the upper Bollinger Band, which currently sits at $1.1075. This indicates that the asset will soon reach an overbought zone, though it also supports the bullish momentum in the short term.

POPCAT price, Bollinger Bands and RSI | Source: crypto.news

Additionally, the Commodity Channel Index sits at 78.87, adding weight to the idea that POPCAT’s rally still has room for further gains before reaching overbought levels.

Should POPCAT continue its upward momentum and break through the $1.1075 resistance, the next psychological target could be $1.2. Conversely, failure to hold current support levels could lead to a pullback, with the middle Bollinger Band around $0.8497 acting as a key support zone.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News