On January 30th, COINOTAG News reported on significant developments in El Salvador’s cryptocurrency landscape. The Salvadoran Congress has rapidly enacted amendments to its existing Bitcoin law to align with the
Abstract, the layer-2 network rolled out this week by Pudgy Penguins, is off to a muted start despite offering a series of incentives to new users. The network notched 711,000 user transactions on the day of release, but that respectable total has been overshadowed by a lack of inflows. Its total value secured (TVS) was standing at just $33 million worth of ether (ETH) and stablecoins, a far cry from the tens of billions of dollars distributed across other hyped layer 2 networks. The platform's native decentralized exchange, NOXA, has $109K worth of total value locked (TVL), down from $515K on launch day, DefiLlama shows . The launch was marketed as a "new era of consumer crypto" with simplified onboarding that allowed users to create a wallet using an email address. Users interacting with the Abstract mainnet accrue "xp points" which can be used to "level up" and unlock rewards. However, an Abstract supporter on X noted that "most people don't care about xp as much as flipping their NFTs," before going on to lament the project's community. Abstract functions like the majority of other Ethereum-based layer 2 networks, users can bridge funds from other blockchains, swap tokens on decentralized exchanges and launch new tokens on zoo.fun, Abstract's version of the pump.fun token launcher. But Abstract's CEO Luca Netz wants to steer attention away from stuffy DeFi applications that typically command the most liquidity on other networks, instead he wants products that are "fun." Netz said during an interview that "If it's not fun and viral there's no reason for you to build on Abstract. I'm optimizing for fun, viral, simple, stupid. If you want to build the next DeFi application, I really recommend you use Berachain or Arbitrum. Don't come to Abstract to build those type of products because we want to be really specialized around fun. Abstract's launch has coincided with a loss of momentum in Pudgy Penguins' native token (PENGU), which is down by 7.6% over the past 24 hours and 41% in the past week. The non-fungible token (NFT) sector has struggled to reach the dizzying heights of 2022 during the recent bull market. Trading volume on OpenSea, despite experiencing a major uptick in December amid airdrop rumors, is averaging around $15 million per day in January compared to $160 million per day three years ago.
Bitcoin’s rising market dominance is fueled by strong ETF inflows, political momentum in the US, and Ethereum’s continued multi-year slump against BTC.
El Salvador, which made a world first by accepting Bitcoin as legal currency, has now taken a step back. The Congress of El Salvador approved the Bitcoin reform bill presented by President Nayib Bukele on January 29 to comply with the requirements of the $1.4 billion loan agreement reached with the International Monetary Fund (IMF). As part of the agreement, the IMF asked the government of El Salvador to reduce its involvement in Bitcoin and make Bitcoin optional and voluntary for private sector traders. With this approved Bitcoin reform bill, BTC has been made optional and voluntary for private sector traders. Previously, it was a legal requirement for businesses to accept Bitcoin as payment. The reform bill was passed with 55 votes in favor and only two against. Ruling party lawmaker Elisa Rosales said the change was necessary to ensure Bitcoin’s permanence as legal tender and facilitate its practical application. Despite the policy change, the El Salvadoran government led by Nayib Bukele has recently announced that it will continue to increase its Bitcoin (BTC) holdings in an effort to enrich national reserves. According to Bitcoin Office data, El Salvador currently holds 6,049 BTC worth approximately $636.6 million. *This is not investment advice. Continue Reading: IMF Requested, El Salvador Took the First Step Back on Bitcoin! Is BTC's Official Currency Status Changing?
According to recent insights shared by Nansen’s CEO, Alex Svanevik, there has been a significant shift in the landscape of active addresses among leading blockchain networks over the past year.
The post 5 Best New Meme Coins for 2025: DogevsPepe Presale Turns Heads with Epic Rivalry appeared first on Coinpedia Fintech News The meme coin market is evolving faster than ever, with new projects pushing boundaries and attracting waves of investors. No longer just internet jokes, meme coins have proven their ability to generate massive returns and build loyal communities. As 2025 begins, a fresh lineup of meme coins is making headlines with unique strategies, gamified presales, and viral appeal. Leading the charge is DogevsPepe , a first-of-its-kind head-to-head presale battle, while other innovative coins are gaining traction with bold new approaches. With the meme coin sector set for another explosive year, here are five of the most promising new projects to watch. Are You Team PEPE? 1. DogevsPepe: The Ultimate Meme Coin Showdown Overview: DogevsPepe introduces a novel competitive presale model, pitting two iconic internet figures—Doge and Pepe—against each other in a race to raise $1 million. The first to reach this milestone launches at $0.01, while the other is eliminated. Key Features: Dual Token Presale: Investors choose between Team Doge and Team Pepe, fostering community engagement. Fair Participation: A maximum investment cap of $25,000 per wallet ensures a level playing field. Mystery Rewards: Milestone achievements at $250K, $500K, and $750K unlock additional perks for participants. Why It’s Turning Heads: This head-to-head format not only leverages existing meme communities but also introduces gamification into the presale process, creating excitement and a sense of competition among investors. 2. $TRUMP: Presidential Meme Mania Overview: Launched just before Donald Trump’s return to the White House, the $TRUMP meme coin quickly garnered attention, reaching a market capitalization of around $7 billion. Key Features: High Volatility: The coin experienced rapid value fluctuations, characteristic of meme coins. Political Ties: Direct association with a former U.S. president adds a unique dimension to its appeal. Why It’s Noteworthy: Despite debates over its ethical implications and potential conflicts of interest, $TRUMP exemplifies how meme coins can intersect with real-world events to create market buzz. 3. Popcat: Capitalizing on Viral Trends Overview: Inspired by the “Popcat clicking” meme, Popcat (POPCAT) became one of the standout meme coins in 2024, resonating with fans of online culture. Key Features: Simplicity: The project’s straightforward concept appeals to a broad audience. Cultural Relevance: Taps into a widely recognized meme, enhancing its viral potential. Why It’s Gaining Traction: Popcat demonstrates the power of aligning cryptocurrency projects with trending internet phenomena to rapidly build a community. Are You Team DOGE? 4. Wall Street Pepe: Finance Meets Memes Overview: Wall Street Pepe combines financial themes with meme culture, attracting significant attention in the crypto market. Key Features: Successful Presale: Raised $40 million, indicating strong investor interest. Community Support: Built a dedicated following through its unique blend of finance and meme imagery. Why It’s Promising: By merging the worlds of finance and internet culture, Wall Street Pepe appeals to a diverse range of investors. 5. Fartcoin: The First Crypto Millionaire AI Overview: Created by the AI entity Truth Terminal, Fartcoin gained popularity in 2024, with the AI’s holdings surpassing $1 million, making it the first known crypto millionaire AI. Key Features: AI Involvement: Developed and endorsed by an AI, adding a futuristic twist. Viral Appeal: The unconventional name and backstory contributed to its rapid rise. Why It’s Unique: Fartcoin showcases the intersection of artificial intelligence and cryptocurrency, pushing the boundaries of traditional meme coin narratives. What Will be The Best Meme Coin of 2025? The meme coin market in 2025 is characterized by innovation and the blending of internet culture with financial instruments. Projects like DogeVsPepe are leading the charge with unique concepts that captivate and engage the crypto community. As always, potential investors should conduct thorough research and exercise caution, given the inherent volatility and risks associated with meme coins. Go to DogevsPepe.io now and secure your whitelist spot before it’s too late! Website: DogevsPepe.io Telegram : https://t.me/DogevsPepe_io
Cryptocurrency prices remained under pressure after the Federal Reserve left interest rates unchanged. Bitcoin remains above $100,000, while most altcoins attempted to crawl back. This article provides a forecast for popular cryptocurrencies like JasmyCoin (JASMY), Litecoin (LTC), and VeChain (VET). Jasmy price prediction JasmyCoin price peaked at $0.0592 in November last year and then suffered
El Salvador is redefining its bitcoin strategy, signaling a shift in priorities following a substantial $1.4 billion agreement with the IMF. This change aims to comply with international financial guidelines
Bitcoin’s bullish momentum continues as indicators suggest a potential new all-time high, driven by strong support from long-term holders. The decline in short-term selling pressure is crucial, allowing Bitcoin to
On January 30th, COINOTAG News reported a significant shift in Tesla’s financial landscape, attributable to recent accounting standards that facilitate quarterly revaluation of digital asset values. In the fourth quarter