Meme Coin News: Solana-Based ACT and PNUT Skyrocket on Binance Listing News
Get your weekly, bite-sized digest of meme coin news.
• Meme Coin News: Market Highlights
• Solana-Based ACT and PNUT Surge on Binance Listing News
• Elon Musk-DOGE-Inspired Coins Jump Past DOGE’s Gains After Trump’s Win
• KAMA and TRUMP, MAGA Coins Drop 60%-97% Post-Election
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Meme Coin News: Market Highlights
Meme coins are having another green day.
Over the past 24 hours, the meme coin market capitalization has increased by 18.6% to $94.8 billion. This is up from $59 billion this time last week.
About a third of the top 100 coins per market cap are red today.
At the top of this list stands Maga (TRUMP), having shed nearly 26% off its price over the past 24 hours.
Next are Zerebro (ZEREBRO) and MSTR2100 (MSTR), each with a drop of around 18%.
At least nine other coins saw double-digit decreases in this time period.
Now looking at the green list, we find Act I: The AI Prophecy (ACT) at the top. It appreciated 1,323.7% in a day to the price of $0.3282.
Peanut the Squirrel (PNUT) comes next on the green list, having seen a 237.5% rise to $0.3642.
Five coins have recorded increases in the 30%-40% range, while many more appreciated in the 10%-29% range.
Now zooming into the top 10 meme coin list, we find that only one is down.
Turbo (TURBO) is the only coin whose price went down over the last 24 hours. It fell 1.53% to $0.00902.
On the other hand, Dogelon Mars (ELON) and Dogecoin (DOGE) are the day’s highest gainers, having seen increases between 24% and 31%.
Notably, three other coins saw double-digit increases, meaning that half of the top 10 list did so.
The smallest rises are Baby Doge Coin (BABYDOGE)’s and Memecoin (MEME)’s: 3.4% and 3.6%, respectively.
Solana-Based ACT and PNUT Surge on Binance Listing News
In meme coin news today, two Solana-based coins are the day’s best performers bay far. They’ve seen massive increases over the past 24 hours.
This follows the announcement by the major crypto exchange Binance that it would be listing these two coins.
“Binance will list Act I: The AI Prophecy (ACT), Peanut the Squirrel (PNUT) and open trading for the following spot trading pairs at 2024-11-11 10:00 (UTC),” said the exchange.
The listing fee is 0 BNB, it added.
Also, the exchange added seed tags to the two meme coins as identifiers given that these are new coins and, hence, more prone to risk and volatility.
#Binance will list Act I : The AI Prophecy $ACT and Peanut the Squirrel $PNUT with Seed Tag Applied.
— Binance (@binance) November 11, 2024
Read morehttps://t.co/CmJRyTaS8I pic.twitter.com/1XHISDTOY9
ACT has increased by nearly 1,324%, trading at $0.3282. The price continues rising at the time of writing.
The coin is outperforming both the global crypto market and similar meme cryptocurrencies.
Additionally, the price is up 2086.6% in a week and is slightly down from its all-time high of $0.4094 hit earlier today.
Its market cap stands at $413,134,622, ranking #199.
ACT all-time price chart:
Similarly, PNUT keeps rising. It’s now up 353%, hitting a new all-time high of $0.464 at the time of this writing.
It’s also up 725% in a week.
Furthermore, its market cap is higher than ACT’s: $472,896,997, now ranking #178.
PNUT all-time price chart:
Elon Musk-DOGE-Inspired Coins Jump Past DOGE’s Gains After Trump’s Win
Certain coins related (by name) to Tesla’s Elon Musk seem to have benefited significantly from the outcome of the US Presidential election.
More specifically, they seem to be reacting positively to the apparently close relationship between Musk and President-elect Donald Trump.
Additionally, not only are some ‘Elon Musk’ coins rising but so are those named similarly to the popular Dogecoin (DOGE), given Musk’s earlier support for the meme coin.
Dogelon Mars (ELON), for example, is now up 33.5% in a day, as well as 81.6% in a week and 86.6% in a month.
That said, its current price is 90.6% lower than the all-time hit three years ago. It’s now trading at $0.0000002391.
Another coin, Department Of Government Efficiency (D.O.G.E.), appreciated 27.4% in 24 hours and 481.4% in a week.
Previously, Trump said that Musk would run a department called ‘the Department of Governmental Efficiency (D.O.G.E.)’, and Musk even discussed plans for such an agency during a rally.
Hence, a coin was (unsurprisingly) born. This is a young token that hit its all-time high of $0.00001987 in September this year, falling nearly 100% since.
It is currently trading at $0.0000003828.
D.O.G.E. 7-day price chart:
At the same time, Dogecoin appreciated 21.6% in a day to $0.2891.
It’s up 85.4% in a week and 158.2% in a month, while it’s down 61% from the ATH of $0.7316 recorded in 2021.
That said, Dogecoin has the highest market among these coins by far and is not only the only one in the top 100 per market cap category, but it’s also the first meme coin per market cap and the sixth coin in the overall market.
KAMA and TRUMP, MAGA Coins Drop 60%-97% Post-Election
Given that we followed what had been happening with the political coins related to the two major presidential candidates up until the election, we thought we might check up on them one-week post-election as well, now that the results are in.
As is well-known, Donald Trump defeated Kamala Harris in the 2024 election, becoming the US President for another four years.
In other meme coin news today, Kamala Horris (KAMA) is down 10.3% in a day, trading at $0.0004404. It also fell 96.8% over the past week.
KAMA 7-day price chart:
Furthermore, MAGA (TRUMP) and Maga Hat (MAGA) are red as well.
They fell 13% and 7% over the last 24 hours to $1.47 and $0.00007117, respectively.
Additionally, the former MAGA is down 60% in a week, and the latter decreased 63% in the same period.
MAGA (TRUMP) 7-day price chart:
Additionally, certain investors lost money on Trump-related coins.
It’s likely that this is the end of the road for KAMA and that it will not see significant recovery in the near term, at least, given her exit from the current crypto narrative.
The post Meme Coin News: Solana-Based ACT and PNUT Skyrocket on Binance Listing News appeared first on Cryptonews.
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Fartcoin ‘Hot Air’ Rises — $1.50 Just A Whiff Away
Top Recent Bitcoin (BTC) Predictions: Further Rally Above $100K or a Painful Correction?
TL;DR
- Bitcoin (BTC) has surged past $80,000, with analysts eyeing further peaks potentially reaching $220,000.
- Despite the optimism, some metrics like the high RSI suggest the asset’s price may face a short-term correction, while some investors caution about a minor chance of a severe downturn.
Is There Room for More Growth?
Bitcoin (BTC) has been on a tear in the past week, with its price soaring by 20% and hitting a new all-time high of over $82,000.
The surge could be attributed to Donald Trump’s win in the US presidential elections. Recall that during his campaign, the Republican presented himself as the right choice for those in favor of the asset class, promising to let the industry (more specifically BTC) thrive.
The bull run has triggered massive enthusiasm across the community, with numerous analysts suggesting that the rally is far from being over.
The X user Mikybull Crypto assumed that the “next area of interest” is a new peak of $93,000. This could be followed by a potential consolidation and a consequent fresh surge to as high as $121,000. Bluntz was also bullish, forecasting a price expansion to the $130K-$150K range.
Gert van Lagen went even further, setting a target of over $220,000. He argued that BTC’s valuation has “broken parabolically” out of a particular phase known as Base 4 and has now moved to “wave 5.”
The Opposite Scenario
BTC’s rally has been more than impressive, but some believe a devastating crash remains a plausible option. The popular investor using the moniker Jason praised BTC’s network for its “brilliance” since no nation-state or hacker collective has figured out a way to compromise it.
He presented himself as a BTC investor who jumped on the bandwagon when the price was $100-$200 and “never sold.” However, Jason assumed there is still a minor chance (less than 5%) for the valuation to crash to zero. “Do your own financial underwriting, obviously,” he concluded.
Some on-chain metrics suggest that BTC may indeed experience a pullback in the short term. The Relative Strength Index (RSI), which measures the change and speed of price movements, has skyrocketed to the bearish ratio of 80.
Readings above 70 typically signal that the asset is overbought and could be due for correction. On the other hand, anything below 30 is seen as a buying opportunity.
The post Top Recent Bitcoin (BTC) Predictions: Further Rally Above $100K or a Painful Correction? appeared first on CryptoPotato.
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