A tiny cryptocurrency priced at just $0.0013 is making waves this holiday season. It’s surging ahead in the festive market upswing, surpassing the performance of previous favorite meme coins. This unexpected contender is capturing attention and stirring curiosity among investors. Find out how this low-priced token is becoming the standout star amid the seasonal crypto rally. DOGEN: The Ultimate Memetoken for Real Alphas Who Always Win Imagine living a dream life — posh cars, fat stacks of cash, and women who turn heads. That’s the DOGEN lifestyle! If you’re the kind of guy who’s always looking to level up, you need to check out DOGEN. This meme token is for the real alphas who always win. HODL Like a Beast, Dominate the Market This thing is about to explode! We’re talking about a 700% surge before the presale even wraps up — and that’s just the beginning. DOGEN is heating up to those insane thousand-fold gains that memetokens are famous for this season. Get in early, and watch the others try to keep up while you’re already at the top! Missed Out on WIF, Popcat, or Ponke? DOGEN is the new alpha on the Solana blockchain, running with the big dogs like BONK, WIF, and Popcat — all of which blew up with 1000% gains at some point. Right now, DOGEN’s flying under the radar, but it’s about to set new records in this bull run. You don’t want to miss out on this one. Got that DOGEN spirit? Good, ‘cause they’re holding an airdrop! All you gotta do is flex on social, stack tokens during the presale, and start building your DOGEN army with your referral link. For every recruit, you’ll be snatching a fat 20% of their Golden Points from token buys. So what are you waiting for? Grab some DOGEN and dominate the crypto world! PEPE: The Deflationary Memecoin Inspired by Pepe the Frog PEPE is a deflationary memecoin on the Ethereum network, inspired by the Pepe the Frog meme from the early 2000s. Aiming to emulate the success of Shiba Inu and Dogecoin, PEPE sets itself apart by eliminating transaction taxes and embracing its identity as a pure memecoin without utility. It reached a peak market cap of $1.6 billion in mid-2023, capturing the attention of crypto enthusiasts. The project’s roadmap focuses on increasing visibility through social media trends and listings on major exchanges. PEPE incorporates a burning mechanism to enhance scarcity and rewards long-term holders, contributing to its stability. As an ERC-20 token, it benefits from Ethereum’s security. In the current market cycle, PEPE’s unique features may appeal to those interested in memecoins. Floki: A Meme Coin Evolving into a Utility-Focused Cryptocurrency Floki is a cryptocurrency that originated from Elon Musk’s 2021 tweet about naming his Shiba Inu puppy Floki. Though it started as a meme coin, Floki has expanded its ecosystem to include utility and charitable initiatives. The project has engaged in building schools in countries like Laos and Nigeria. Floki offers projects like the NFT metaverse game Valhalla and a decentralized finance service called FlokiFi. Its partnership with NOWPayments and introduction of the Floki Card enable real-world use of the token. Recognized by The Economic Times as a top meme coin to buy in 2023, Floki appears to have potential in the current market due to its growing ecosystem and practical applications. BONK: Solana’s Community-Driven Memecoin with Rapid Growth BONK is a memecoin on the Solana blockchain featuring a Shiba Inu mascot. It aims to empower the Solana community by moving power away from venture capital tokens. After getting listed on Coinbase, BONK surged over 100%. It acts as a community coin, having airdropped 50% of its supply to participants in Solana’s NFT and DeFi sectors. By mid-December 2023, BONK became the third-largest memecoin by market cap and saw a year-to-date increase of over 10,000%. Despite challenges like a high total supply and the volatility of memecoins, BONK’s integration into the growing Solana ecosystem and its involvement with new decentralized apps, like BonkSwap, make it a notable coin. Its potential in the current market cycle seems significant. Conclusion As the 2024 bull run unfolds, coins like PEPE, FLOKI, and BONK show less short-term potential. DOGEN stands out for those seeking luxury and success. Expected to grow 700% by presale end with possible thousand-fold returns, DOGEN builds a community of leaders and offers real benefits, including exclusive perks for early adopters. Site: https://dogen.meme/ Twitter: https://x.com/dogenmeme Telegram: https://t.me/Dogen_Portal Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
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Tron price heatmap signals a potential local bottom as USDT supply on its blockchain surpasses $60 billion.
Three of the 50 states of America are expected to create local Bitcoin reserves soon. The bills differ from the proposal of the American National Bitcoin Reserve and demonstrate local specifics. America is bullish on Bitcoin. Allegedly, each fifth American…
Three of the 50 states of America are expected to create local Bitcoin reserves soon. The bills differ from the proposal of the American National Bitcoin Reserve and demonstrate local specifics. America is bullish on Bitcoin. Allegedly , each fifth American owns some BTC. While the U.S. President is pushing to create a strategic Bitcoin reserve, the states are working on local reserves. The Ohio and Texas proposals to create such reserves are about to pass; Pennsylvania is following their way, while other states are doing their considerations. Table of Contents What are the specs of the local proposals compared to the federal bill? The Cynthia Lummis bill The local bills Will these bills pass? What are the specs of the local proposals compared to the federal bill? The main distinction is that the local proposals have different end goals if compared to the federal-level proposal. The federal bill is aimed to cover the national debt and calls for purchasing one million BTC that should be stored in the U.S. Treasury. The Texas bill is aimed at accumulating bitcoins by collecting taxes and donations in cryptocurrency. More than that, Texas has a minimum five-year embargo on selling state bitcoins. Ohio and Pennsylvania are willing to accumulate some BTC as a hedge against the eroding USD value. Bitcoins must be bought by the local treasuries. The bills don’t elaborate precisely on the terms. The Cynthia Lummis bill The Federal Reserve bill was introduced in July 2024 by Wyoming Sen. Cynthia Lummis. Her proposal is called Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act. The Lummis bill is expressly presented as a means to pay down the U.S. national debt. Apart from national debt, Lummis mentions soaring inflation rates in the introduction and calls the creation of the reserve a Louisiana Purchase moment. Comparing huge-scale Bitcoin purchases with buying American lands in the past became a popular trope among Bitcoin maximalists. According to the Lummis proposal, Bitcoin is seen as an additional store of value in the federal balance sheet. The bill suggests that the government must establish a U.S. Treasury-controlled decentralized network of Bitcoin vaults. On top of that, the government must purchase one million BTC, which is around 5% of the total supply. The amount is dictated by the fact that the U.S. is already holding 5% of all gold. Private Bitcoin holders should be given self-custody rights. The local bills The local bills of Texas and Ohio don’t include direct intentions to purchase a specified amount of BTC in a certain period, nor are they intended to eliminate the state debts. 🇺🇸 STRATEGIC #BITCOIN RESERVE IS NOW OFFICIALLY HAPPENING IN TEXAS. WHAT A TIME TO BE ALIVE 🤯 pic.twitter.com/Lub2sRyVzD — Vivek⚡️ (@Vivek4real_) December 12, 2024 The Texas bill was introduced by Texas State Representative Giovanni Capriglione on Dec. 12. The bill suggests that local residents will be able to use cryptocurrency to pay their taxes. On top of that, Texans will be able to donate cryptocurrency to the state. All the crypto is going to be exchanged for Bitcoin. Donations, taxes, and other payments to the state agencies will be the main avenues for Texas to accumulate bitcoins. The accumulated BTC are supposed to be stored offline untouched for at least five years. Just like Lummis, Capriglione mentioned inflation as one of the biggest enemies while speaking about the need for the Bitcoin reserve. Texas has been an attractive place for Bitcoin miners due to low electricity costs and various incentives. Read more: Crypto taxes: What does regulation look like around the world? During the CNBC interview released on Dec. 24, Centrifuge general counsel Eli Cohen noted that the implementation may turn out to be challenging. He points out that the tax authorities may find it tricky to collect taxes in BTC and identify taxpayers. If the tax authorities demand taxpayers to provide their BTC wallets, the taxpayers may feel reluctant to obey. 🚨Today, I filed HB 703 to create the Ohio Bitcoin Reserve within the state treasury! Provides state treasurer authority & flexibility to invest in #Bitcoin This legislation creates the framework for Ohio’s state government to harness the power of Bitcoin to strengthen our… pic.twitter.com/hSWas2qeQd — Derek Merrin (@DerekMerrin) December 17, 2024 On Dec. 17, the rep. Derek Merrin introduced the Ohio bill known as the Ohio Bitcoin Reserve Act. The act suggests that the Ohio treasury will set up the Bitcoin fund and will be able to invest money in Bitcoin. Bitcoin is seen as a hedge against USD devaluation. In contrast to the Lummis proposal, the bill has no mention of specific Bitcoin purchases or allocations. In 2022, Ohio had a $72.16 billion debt. It is possible that the BTC reserve could facilitate debt redemption. The bill will be worked upon further by legislators in 2025. Read more: Ohio introduces second Bitcoin reserve bill The Pennsylvania bill was introduced back in November. Its prime suggestion is that the state will be able to invest up to 10% of the State General Fund in Bitcoin in order to fight inflation. This means that nearly one billion dollars can be spent on bitcoins. Will these bills pass? The bills mentioned above were introduced. There is no guarantee that they will pass. On average , only 20% of the introduced state-level bills become laws. In Texas, Ohio, and Pennsylvania, this number is even lower. According to the New Healthcare Bill Acts, only 4.5% of the bills introduced to the 115th Congress became law. So, statistically, the odds are not that high. Practically, it depends on multiple factors, not least of all the persistence of the lobbyists. Cohen believes that Lummis is a strong Bitcoin advocate with decent experience, and her bill has a good chance. However, the Lummis Act can fail in Congress. It receives some criticism even within the crypto community. For instance, a passionate crypto writer Nic Carter, warns that while the Bitcoin stockpile (as a store of seized bitcoins) can be beneficial, the strategic Bitcoin reserve (as a reserve of the bitcoins acquired by the government) will not bolster the dollar price (like it is supposed by the strategic Bitcoin reserve advocates) but will do the opposite. The reason is clear: giving Bitcoin a monetary role in the country that issues dollars is signalling the move away from an inconvertible fiat standard, i.e., questioning the dollar’s value, hence risking the role of the U.S. in the global economy. We can’t state, however, that Carter’s concerns are the current mainstream. Quite the opposite. If the strategic Bitcoin reserve is not created while the state-level reserves are successfully set, they may get a leading role in the exploration of the governmental accumulation and storage of Bitcoin and turn into international cryptocurrency hubs. If all the bills fail, new ones will follow. You might also like: Bitcoin advocate hints at ‘strategic reserve’ laws in 10 US states
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New York City, United States, December 26th, 2024, Chainwire Nest, the flagship staking protocol for real-world assets (RWAs) on Plume, announced its partnerships with M^0, Mountain Protocol, and Anemoy to power its Nest Treasuries Vault, an opportunity for professional firms to access long-term growth. Nest is redefining onchain yield through creation of varying vaults that are purpose-built for institutional users. This approach enables