The altcoin market is doing well, but DOT is not. What are the reasons?
According to recent on-chain data reported by COINOTAG News on January 20th, the multi-signature address associated with the Trump-supported initiative, World Liberty, has made noteworthy acquisitions in the realm of
As the official memecoin of the second Donald Trump presidency flirts with a market cap of $10 billion, and Melania Trump, the next first lady, launches her own, Balaji Srinivasan, the former CTO of Coinbase, said in a thread on X that this whole category of tokens could be equated to gambling. “There is no wealth creation. Every buy order is simply matched by a sell order. And after an initial spike, the price eventually crashes and the last buyers lose everything,” he posted, calling memecoins a zero-sum – even negative sum after exchange fees – lottery. Balaji said that memecoins should be approached in the same way as gambling in Las Vegas for entertainment purposes. “Most should buy assets that retain their value over the long run,” he continued. “It is sometimes possible to add use cases to a memecoin, or to keep it in the headlines to keep its value aloft indefinitely. And we’ve seen examples of that as well.” In response to the post, many asked Balaji if bitcoin was ever considered a memecoin, to which he argued that it wasn’t because of its use cases and decade-plus staying power. “Bitcoin is the base layer asset of a blockchain with ~800 Th/s in hashrate across hundreds of datacenters worldwide,” he wrote. “It grew gradually over time, rather than all at once, and the mining issuance schedule limits how much can be sold by any one party.” Market interest in the official Trump memecoin has sucked liquidity out of other memecoins, with CoinGecko data reporting that the category has shrunk by 8% in the last 24 hours. Many of the top memecoins like DOGE, SHIB, and BONK are down by over 10% on-day. READ MORE: Bitcoin retraces to $100K, TRUMP Tanks 30% as Melania Memecoin Skyrockets
The crypto prices today exhibited mixed reactions, with Bitcoin (BTC) rebounding to $101K after reaching a high of $106K earlier. The global spotlight is on former U.S. President Donald Trump, who will officially begin his presidential campaign today. Adding intrigue, Trump launched a meme coin two days before the event, with “TRUMP Coin” surging by 55% in the last 24 hours. Melania Trump also joined the trend, unveiling her meme coin (MELANIA) today, which skyrocketed by an astounding 2000% after launch. Despite these developments, the global crypto market cap fell by approximately 4%, standing at $3.48 trillion. Trading volume, however, saw exponential growth, rising by 74% to $336 billion. Here’s a closer look at some of the top cryptocurrencies and their prices today, January 20. Crypto Prices Today: BTC, ETH, SOL, and XRP Decline Amid Market Volatility The cryptocurrency market today saw major assets facing downward pressure. Bitcoin (BTC) dropped by 2.6%, now trading at $101K, while Ethereum (ETH) fell by 3%. XRP faced a sharper decline, down by 4%, and Solana (SOL) led the losses with a 7% dip. Cardano co-founder Charles Hoskinson recently highlighted that 78.5% of President-elect Donald Trump’s $29.6 billion net worth is linked to cryptocurrency. This revelation adds a unique twist to the ongoing market developments. Bitcoin Price Today: BTC Holds Above $101K Amid Market Turbulence Bitcoin price today was trading at $101,944, with a 24-hour low of $99,591 and a high of $106,428. The market cap stood at $2.02 trillion, reflecting Bitcoin’s continued dominance in the crypto market. According to SoSo Value data , Bitcoin ETFs recorded a significant weekly inflow of $887 million last week, showcasing sustained institutional interest despite recent market fluctuations. Ethereum Price Today: ETH Drops 3% as Market Volatility Continues Ethereum price today was trading at $3,266, reflecting a 3% decline over the last 24 hours. Its 24-hour low and high were $3,131 and $3,448, respectively. ETH ETFs experienced a weekly inflow of $188 million, indicating investor confidence in Ethereum’s long-term potential despite short-term price corrections. XRP Price Today: XRP Down 4%, Still Up 25% Over the Week XRP price today was trading at $3.10, marking a 4% drop in the last 24 hours. Its 24-hour low and high were $2.90 and $3.255, respectively. Despite this dip, XRP remains up by an impressive 25% over the past week, showcasing strong market performance. In a notable development, an XRP whale transferred $95 million worth of tokens ahead of President-elect Donald Trump’s inauguration. This significant move has sparked curiosity among investors, further highlighting XRP’s active trading dynamics. Solana Price Today Solana price today was trading at $239, reflecting a 7% decline in the last 24 hours. Its 24-hour low and high were $231 and $294, respectively, highlighting significant volatility in recent trading sessions. Top Cryptocurrency Gainer Prices Today As per crypto prices today, here are the top 5 crypto gainers over the last 24 hours: OFFICIAL TRUMP (TRUMP) Price: $44.17 24-hour Gain: +61% Melania Meme (MELANIA) Price: $8.70 24-hour Gain: +19% Fartcoin (FARTCOIN) Price: $1.98 24-hour Gain: +13.69% DeXe (DEXE) Price: $17.93 24-hour Gain: +3% UNUS SED LEO (LEO) Price: $9.74 24-hour Gain: +2.15% Top Cryptocurrency Loser Prices Today As per crypto prices today, here are the top 5 crypto losers over the last 24 hours: ai16z (AI16Z) Price: $0.83 24-hour Loss: -26% Sonic (prev. FTM) (S) Price: $0.53 24-hour Loss: -21% dogwifhat (WIF) Price: $1.43 24-hour Loss: -19% Pudgy Penguins (PENGU) Price: $0.024 24-hour Loss: -17% Floki (FLOKI) Price: $0.0001398 24-hour Loss: -17% Meme Crypto Prices Today Top meme coins have shown bearish momentum following the launch of Trump and Melania’s meme coins. Dogecoin (DOGE) dropped by 10% and is trading at $0.3626, while Shiba Inu (SHIB) fell by 9% to $0.00002055. Other notable meme coins like PEPE, BONK, and WIF are down by 15% to 18% in the last 24 hours, with liquidity flowing toward the newly launched Trump Coin and Melania Meme Coin, which surged in price. The hourly chart also indicates a consolidation phase, as Bitcoin fell from $106K to $101K. Major altcoins are following a similar trend, and it remains to be seen how the market will react after Donald Trump’s presidential inauguration. Crypto prices today continue to reflect this uncertainty. The post Crypto Prices Today Jan 20: BTC Holds $101K, TRUMP & MELANIA Meme Coins Skyrocket appeared first on CoinGape .
The post Melania Trump Memecoin Takes Over: How to Buy $MELANIA Crypto? appeared first on Coinpedia Fintech News Trump has given a ray of hope to the downmarket with its new crypto policies and market cheered his crypto centric election campaign wholeheartedly. The crypto turned to a Trillion dollar industry with Trump’s win. However, the market got more interested with the debut of Donald Trump’s TRUMP meme coin, which initially jumped to a whopping $14 billion market cap. This made it one of the top 20 cryptocurrencies by value, but the excitement was short-lived. With rumors of Trump gearing for many executive orders the market is in a mixed state. Meanwhile, Trump’s wife, the first US lady, has announced that the MELANIA coin, via her social media, caused a dramatic 40% crash in TRUMP’s value. In a matter of minutes, $7.5 billion was wiped from its market cap as traders shifted their focus to Melania’s coin. The Official Melania Meme is live! You can buy $MELANIA now. https://t.co/8FXvlMBhVf FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6 — MELANIA TRUMP (@MELANIATRUMP) January 19, 2025 With Trump’s win Memecoins craze is getting much higher while other assets are surging at their own pace memecoins are getting wider and bigger with Trump’s new meme launch just one day before his official inauguration today. Meme Mania Continues Melania’s MELANIA token, launched on January 20, quickly gained traction, with its value surging to over $5 and a market cap exceeding $5 billion. Her announcement encouraged traders to buy the coin, and the market responded with a frenzy of activity. Analysts observed massive sell-offs in TRUMP as investors rushed to capitalize on the buzz surrounding MELANIA. The Kobeissi Letter described the scenario as “beyond insane,” reflecting the unpredictable nature of these meme coins. Despite the chaos, both coins reflect the growing influence of meme culture in the cryptocurrency space. While TRUMP briefly dominated headlines with its meteoric rise, Melania’s MELANIA quickly stole the spotlight, showcasing how quickly market sentiment can shift. How to Buy MELANIA Crypto? For those interested in purchasing MELANIA, the process involves setting up a crypto wallet, acquiring base cryptocurrencies like Ethereum or Solana, and using decentralized exchanges to swap for MELANIA. The coin is minted on the Solana blockchain, and buyers are encouraged to verify contract addresses to avoid scams. As TRUMP and MELANIA continue to make waves, the crypto community is left wondering what’s next in this unpredictable crypto space. The clash is real and so is the politics and this choes will stay all through the January with predictions of ups and downs to crashes the world of crypto is stepping to a new era where there will be financial freedom and less dependency on traditional assets. We are excited to see what unfolds next!
On January 20th, COINOTAG News reported notable activity in the cryptocurrency market, highlighting a significant transaction by a whale who acquired 187,360 TRUMP tokens for an impressive $9.5 million, resulting
Ethereum price started a downside correction from the $3,500 resistance. ETH is consolidating above $3,120 and facing many hurdles. Ethereum failed to gain pace for a close above $3,500 and corrected gains. The price is trading below $3,320 and the 100-hourly Simple Moving Average. There is a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,300 resistance level. Ethereum Price Dips To Support Ethereum price started a decent upward move above the $3,320 level but upsides were limited compared to Bitcoin . ETH failed to gain pace for a close above $3,500 and corrected gains. There was a move below the $3,320 and $3,300 support levels. A low was formed at $3,141 and the price is now consolidating losses. There was a minor increase above the $3,200 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $3,445 swing high to the $3,141 low. Ethereum price is now trading below $3,280 and the 100-hourly Simple Moving Average . On the upside, the price seems to be facing hurdles near the $3,240 level. The first major resistance is near the $3,300 level or the 50% Fib retracement level of the recent decline from the $3,445 swing high to the $3,141 low. The main resistance is now forming near $3,380. There is also a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD. A clear move above the $3,380 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,550 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,300 resistance, it could start another decline. Initial support on the downside is near the $3,150 level. The first major support sits near the $3,120. A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,020 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,120 Major Resistance Level – $3,300
In a recent tweet, Ryan Selkis, the founder of Messari, called on former President Donald Trump to reconsider his association with the controversial Melania project. Selkis highlighted critical concerns regarding
CEO of Japanese bitcoin company Diamond Hands, Koji Higashi, posted on X Sunday that “The fact that we have to take TrumpCoin seriously seems to epitomize the sh*ttiness of this industry.” He was referring to the incumbent figurehead leader Trump’s new massively premined meme coin, and said it was actually turning former bitcoin supporters away from BTC. Koji Higashi’s company Diamond Hands is also facing issues, recently announcing a pivot away from their Lightning Network community node. The broken protocol that’s just 2 years away from being ready doesn’t seem to be doing them any favors. Still, the Japanese entrepreneur lamented and mentioned “despair” in an X post about the latest meme coin, Official Trump . Is TRUMP just another meme coin or ‘The sh*ttiness of the industry’? Indeed, the massive political capture of crypto — that was once supposed to be about separation of money and state —is nauseating to anyone, like Higashi , who’s been in the game more than five years. But there is no rationality to manipulated markets. Trump, who has promised to free Silk Road darknet marketplace founder Ross Ulbricht “ on day one ” (amongst a plethora of other assurances) has now launched a website for his own premined, crypto just before being stepping into his White House role once again, tomorrow. The website for Trump’s stunt amusingly reads that the coin has nothing to do with politics. It further lays out the premined nature of the coin in small print at the bottom of the page: “CIC Digital LLC, an affiliate of The Trump Organization, and Fight Fight Fight LLC collectively own 80% of the Trump Cards, subject to a 3-year unlocking schedule.” Tokenomics show the asset’s heavily premined and centrally captured nature (Source: gettrumpmemes.com) Higashi noted in another X post that some people who used to support bitcoin are now turning away due to this meme coin. He also stated that “the people who originally got interested in Bitcoin got into it because they didn’t like this kind of thing, so it’s like a polar opposite world.” However, the coin’s team says on his self-congratulatory site, “… President Trump showed the world what a LEADER is made of. His strength and courage ignited a movement becoming the most memorable meme of the century.” A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Cardano’s ADA is showing signs of another price rally, following a sharp 43% correction in recent weeks. Analyst…