Solana memecoin launchpad Pump.fun saw its weekly revenue drop after disabling its live streaming feature following reports of harmful content being broadcast. Solana Meme Coin Generator profits have been on the rise since November and peaked in the fourth week. According to DefiLlama data from November 18th to 24th, the memecoin launchpad generated $33.83 million in revenue for the week. This is an increase of 60% compared to the previous week and approximately 400% compared to the beginning of this month. This is the weekly profit chart for Pump.fun. Source: DefiLlamaHowever, from November 25 to December 1, platform revenue decreased…
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HighlightsJustin Sun made headlines after eating a $6.2 million banana, part of a ‘comedian’ piece highlighting the abstract value of cryptocurrencies.Bitcoin’s trajectory is closer to $100,000 thanks to Trump’s pro-crypto agenda, while many altcoins remain below their 2021 highs.Retail investors will return after the election and reactivate dormant accounts starting in 2020 and 2021, heralding a potential market boost. As the cryptocurrency rally passed $1 trillion, one of its most infamous figures, Justin Sun, made headlines in Hong Kong with an outlandish display of wealth, according to Bloomberg. Chinese-born cryptocurrency mogul Sun gobbled up a $6.2 million banana he bought…
The altcoin sector continues to record huge gains, with Ripple (XRP), Stellar (XLM), Shiba Inu (SHIB), and Brett (BRETT) making significant moves. As Bitcoin’s dominance declines, the market is preparing for altcoin season to begin. Bitcoin’s dominance has been declining since it recently peaked, indicating investors are turning their focus to smaller alternative projects in search of the next big upside. Let’s take a look at some altcoin projects that are currently making waves with impressive profits and future growth potential. Ripple (XRP) revival continues Ripple (XRP) witnessed one of its most profitable months in a long time after news…
Key Takeaways Cardano, Jito, and Aptos are expected to launch approximately $700 million worth of tokens in December. Jito’s launch is the largest yet, with 135.71 million JTO tokens scheduled for December 7th. Share this article Several cryptocurrency projects are planning to launch tokens in December, with Cardano (ADA), Jito (JTO), and Aptos (APT) set to unlock approximately $700 million in tokens, according to data from Tokenomist.18.53 million ADA tokensCardano plans to release 18.53 million ADA tokens, worth about $20 million, on December 4. Tokens representing less than 0.1% of the circulating supply are used for staking and treasury reserves.ADA…
A cryptocurrency analyst who follows closely believes that Dogecoin (DOGE) is firmly positioned to trigger a new uptrend. Household analyst Rekt Capital told his 517,400 followers on social media platform X that DOGE looks bullish as it trades within an ascending triangle pattern. A technical structure is often considered a bullish continuation pattern, which indicates that an asset is consolidating ahead of a new uptrend. Rekt says: “If this indeed turns out to be a rising triangle for Dogecoin, Memecoin could enjoy another funding stream. We need a daily close above the top of the pattern ($0.43) to confirm a…
Recently, smaller ETH holders have been selling more ETH and whales have been absorbing these sales. ETH continued its upward trend. Ethereum (ETH) recently witnessed extraordinary movement as whale investors purchased over 280,000 ETH, worth approximately $1 billion, in 5 days. This accumulation has led to considerable speculation about Ethereum’s future trajectory, especially with the asset trading close to $3,700. aspirateWith changes in exchange flows and increased on-chain activity, all eyes are on whether Ethereum can maintain its strength or face a correction. Ethereum whale activity sparks optimism The sudden surge in whale accumulation seen in on-chain data highlights growing…
Grayscale’s cryptocurrency holdings increased significantly in November, with altcoins like Stellar and XRP posting triple-digit gains, reinforcing analyst predictions for the upcoming altcoin season.Grayscale Trust Investment’s cryptocurrency holdings have grown by more than 85% in market capitalization over the past month, according to Cryptorank data.Public watchlist: Grayscale Trust Investments. Source: CryptoRankThe asset management giant’s portfolio gains were primarily driven by the Stellar (XRP, XLM, MANA, 1 month charts. Source: CointelegraphThe Decentraland (MANA) metaverse token was Grayscale’s third biggest gainer, up more than 105% over the past month, according to Cointelegraph data.A growing number of analysts are predicting that altcoin season…
Shiba Inu (SHIB), the second-largest dog coin by market capitalization, is seeing slight gains on Saturday, with the Ethereum-based token jumping to its highest price in eight months, while top dog Dogecoin (DOGE) is seeing some gains.Shiba Inu surged to a price of $0.00002969 on Saturday evening before cooling slightly to a current price of $0.00002897. Despite the price drop, SHIB was up more than 12% on the day. The last time it hit a high on a Saturday was eight months ago, on April 1st.Among the top 50 cryptocurrencies by market capitalization, it had the biggest gain, followed by…
Blockchain tracker Lookonchain says one proficient cryptocurrency trader is enjoying a 38,399x return on a new memecoin. According to Lookonchain, an anonymous trader is making huge profits from Just a Chill Guy (CHILLGUY), a meme coin built by Solana (SOL) based on a viral comic. “We turned $160 into $614M. That’s 38,399 times your profit! 12 days ago, this trader spent only 0.75 SOL ($160) to buy 12.5M CHILLGUY on http://Pump.fun and then sold 2.8M CHILLGUY for 149 $SOL ($35.4K). chill guy The trader still holds 9.62M CHILLGUY ($6.1M), for a total profit of $614M!” Source: Lookonchain/X Source: Lookonchain/X CHILLGUY…
Current location: house » African Cryptocurrency Weekly Review: Telegram Driving Growth, Coinbase Eyes Kenya As Morocco Lifts Crypto Ban, But Will South Africa Win? author Last updated date: November 30, 2024 Fact Checker’s full profile Author’s full profile In African cryptocurrency news this week, the Kenyan cryptocurrency scene is in the crosshairs of Coinbase for its new M-PESA transaction aimed at supercharging cryptocurrency Africa. Morocco’s cryptocurrency policy reversal could lead to the launch of a new CBDC on the continent. Africa is not left behind in the cryptocurrency boom. With cryptocurrency prices rising, the continent has now become a hotspot…