Electric Elon Musk could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Electric Elon Musk (ELECMUSK), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because ELECMUSK is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Electric Elon Musk can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Electric Elon Musk could become the next viral memecoin. Electric Elon Musk launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Electric Elon Musk on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Electric Elon Musk by entering its contract address – GLb1x7V9aav8iRjsxgG5UXdxLdk7YkrkcnKYByr542UD – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like ELECMUSK. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
An emerging Solana-based cryptocurrency is stirring excitement among traders. Speculation is mounting that it could achieve a billion-dollar valuation faster than Shiba Inu did. This digital asset is capturing attention with its rapid growth and unique features. What sets this coin apart, and can it truly outpace SHIB’s meteoric rise? DOGEN: The First Memetoken for Alpha Males Who Demand the Best Unleash your inner alpha with DOGEN, the meme token built for those who want to live a beautiful life. DOGEN is the alpha dog that never misses a chance to win big. This is the token for winners who won’t settle for anything less. Think luxury cars, stacks of cash, and beautiful women — that’s the Alpha DOGEN lifestyle! HODL Like a Boss, Conquer the Market Ready to live like an Alpha DOGEN and enjoy the finer things in life? It’s on the runway, gearing up for a 700% takeoff by the end of the presale — and that’s just the start. With DOGEN, you’re looking at potential thousand-fold returns as memetokens lead the hottest trend of this altcoin season. The earlier you jump in, the more you win! It’s a deal that others will envy, and you’ll be at the top of the pack. Missed WIF, Popcat or Ponke rise? DOGEN is the new doggie on the Solana memetokens ground alongside BONK, WIF, and Popcat known for their astonishing 1000% growth. Currently undervalued, DOGEN is poised to take this crypto narrative to the next level, potentially breaking records in this bull run. Community-Driven with Real Value DOGEN isn’t just a short-lived hype; it’s a growing movement. The team behind DOGEN is laser-focused on building a thriving community of alpha leaders who refuse to settle for less and are geared up to dominate the market. This token offers real value, from exciting campaigns to exclusive perks for early adopters. DOGEN is an opportunity to be part of something that lasts. DOGEN’s multi-level referral program is as fierce as it gets: You’ll score 7% from every token your direct bros (1st level) buy using your referral code. Plus, there are more rewards down the line — you can grow your profits as your referrals bring in even more users. Hold DOGEN and let others envy you! Join the Dogen Army today and conquer the crypto world! Solana’s SOL: A High-Speed Blockchain for Scalable Decentralized Applications Solana is a blockchain platform that prioritizes scalability, offering a foundation for decentralized applications with faster transactions and support for multiple programming languages. Its native cryptocurrency, SOL, is central to the ecosystem, enabling transactions, running custom programs, and rewarding network participants. Unlike some platforms that rely on sharding or second-layer solutions, Solana focuses on a high-capacity network to attract developers and investors. The potential of SOL lies in its ability to support a wide range of high-activity projects and services. In the current market cycle, Solana’s emphasis on speed and scalability positions it as an attractive option for those interested in decentralized applications and blockchain technology. Shiba Inu (SHIB): An Ethereum-Based Memecoin with Growing Utility Shiba Inu (SHIB) is a cryptocurrency launched in August 2020 by an anonymous developer named Ryoshi. Inspired by Dogecoin, SHIB operates on the Ethereum blockchain, enhancing its compatibility within Ethereum’s ecosystem. The coin started with a total supply of 1 quadrillion tokens, half of which were sent to Ethereum co-founder Vitalik Buterin. Buterin donated a significant portion to the India Covid Crypto Relief Fund and “burned” 40% of the total supply, reducing circulation. Unlike Dogecoin, SHIB aims for broader utility by developing platforms like ShibaSwap, a decentralized exchange, and plans for a future NFT platform and governance system. Its integration with Ethereum allows for potential growth in decentralized applications. Conclusion While SOL and SHIB show less short-term potential, DOGEN stands out for those pursuing excellence. Designed for alpha males seeking luxury and success, it offers real benefits and community. With expected 700% growth in presale and potential thousand-fold returns this altcoin season, DOGEN could achieve record-breaking success. 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 .
Ethereum Classic (ETC) could soar by 20% to reach the $34.25 level if it closes a daily candle above the $28.50 level.
The United States election was one of the most defining events in the crypto space in 2024. Specifically, the reelection of Donald Trump revived Bitcoin and the entire crypto market after an uninspiring second and third quarter. One of the promises made by President-elect Trump in the run-up to the polls was the institution of a strategic Bitcoin reserve. Unsurprisingly, most of the recent crypto conversations has been around the BTC reserve and its potential impact on the US economy and the crypto landscape. Why Should The US Establish Strategic Bitcoin Reserves? CryptoQuant CEO and founder Ki Young Ju is the latest to weigh in on the issue of strategic Bitcoin reserves in the United States. In a post on the X platform, the crypto expert said that using the world’s largest cryptocurrency to offset the United States debt is a feasible approach. The CryptoQuant CEO mentioned: Over the past 15 years, $790 billion in realized capital inflows have propelled Bitcoin’s market cap to $2 trillion. This year alone, $352 billion in inflows have added $1 trillion to its market cap. Young Ju then disclosed that the United States could trim their domestic debt (70% of the total) by 36% if the government acquires 1 million BTC by 2050 and designates the premier cryptocurrency as a strategic asset. “While the remaining 30% of debt held by foreign entities may resist this approach, the plan does not rely on settling all debt with Bitcoin, making the strategy practical,” the CryptoQuant founder added. Young Ju believes that using a “pumpable asset” like BTC to compensate for dollar-denominated debt could face the challenge of creditors’ acceptance. However, the US instituting a strategic Bitcoin reserve could serve as a “symbolic first step” toward bringing global, nationwide legitimacy to the flagship cryptocurrency — as seen with assets like gold. In the post on X, the CryptoQuant CEO identified old whales dumping their BTC to spite the US government as a risk that could come with establishing a strategic Bitcoin reserve. “However, if governments continue accumulating Bitcoin until 2050 and its price keeps rising, I doubt they would actually dump it,” Young Ju concluded. BTC Price At A Glance As of this writing, the price of BTC is hovering around the $97,000 mark, reflecting a 0.4% decline in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is down by 3.6% in the last seven days.
Two California men have been charged for committing a cryptocurrency scam worth $22 million. According to authorities, the suspects, 23-year-old Gabriel Hay of Beverly Hills and Gavin Mayo of Thousands Pam’s were accused of scamming unsuspecting investors in a crypto scheme. In a statement by prosecutors, the two men were charged with taking funds for investment in non-fungible tokens (NFTs) and disappearing. The prosecutors also mentioned that the duo floated several crypto schemes that met the same end as their NFT scheme. According to a statement from the United States Attorney’s office, the two men, with help from another person, carried out this scam from May 2021 to May 2024. The statement revealed that they carried out an act known as rug pull, where developers or people in charge of a project take out investor funds and abandon the project. Two California men charged for multiple crypto scam schemes In the indictment, the prosecutors noted that the suspects, Hay and Mayo, lied to investors about the state of one of their projects, Vault of Games. The duo claimed that the NFT project will be the first to be pegged to a hard asset. They also lied to investors that the Vault of Games project would work with jewelers worldwide, a claim that was found to be false. In addition, the men also claimed they had started making their exchange, where jewelers would come and register to provide service. Things started to go south when the Vault of Games’ handle on X posted in November 2021, asking what was happening. After a while, the followers gathered around the project’s comment section, accusing them of deleting the investor’s page on their Discord channel. Most users were frustrated, lashing out at the project, with one thing evident; they had been scammed by its founders. The comments later accused the developers of stealing the community funds, with most of them disappointed that they failed to deliver on their promise. Prosecutors list out the allegations against the men According to the prosecutors, the California men acted brazenly and without remorse, transferring the stolen funds into their wallets. They also mentioned that the Vault of Games was not the duo’s first rodeo, tying them to the rug pulls of projects like Faceless, Sinful Souls, Dirty Dogs, Uncovered, Roost Coin, Clout Coin, MoonPortal, among others. In her statement, the Department of Justice (DOJ) Principal Deputy Assistant Attorney General Nicole Argentieri condemned the act, citing the dangers of emerging technologies. “Fraudsters take advantage of new technologies and financial products to steal investors’ hard-earned money,” Argentieri said. Argentieri also assured the public that the department will continue a clampdown on individuals and entities carrying out these acts. “The department is committed to protecting investors and will continue to work with our law enforcement partners to root out fraud involving cryptocurrency and other digital assets and bring offenders to justice,” she added. In addition to their charges, prosecutors claimed that Hay and Mayo stalked one of their project managers, harassing him for outing one of their projects as a scam. The prosecutors said when the project manager, who was first blamed for the rug pull, pointed to the Californian men as the creators of the project, they sent several threatening messages to him in hopes of getting him to recant his story. They also posed as fake lawyers to make him back down from talking to the cops. In one of the emails, Hay and Mayo threatened to falsely accuse the project manager’s parents of carrying out improper sexual acts. The indictment mentioned that the last threat came in September 2023, with the duo reminding the project manager that they were still watching him while planning ‘to destroy’ him. The California men are charged with a count of conspiracy to commit wire fraud, one count of stalking, and two counts of wire fraud. If the prosecutors get a favorable ruling, they could spend up to 25 years in jail. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Compressed NFTs (cNFTs) are space-efficient NFTs, and to mint them, you need to use a platform that supports cNFT compression and follow the minting process.
Cryptocurrencies faced declines due to panic selling in the U.S. markets. Continue Reading: Market Trends Influence Cryptocurrency Prices The post Market Trends Influence Cryptocurrency Prices appeared first on COINTURK NEWS .
Venture capitalist and technologist David Sacks, recently appointed as “Chief of Artificial Intelligence and Cryptocurrency” by President-elect Donald Trump, is seeing his role redefined before the new administration takes office. Originally announced as the leader of the newly created Presidential Council of Advisors on Science and Technology, Sacks' position is now shifting to more of an advisory capacity, according to sources close to Trump's transition team. While Sacks was initially expected to lead the administration’s technology policy, the bulk of operational leadership will now fall to Michael Kratsios, a Scale AI executive and former US Chief Technology Officer during Trump’s first term. Kratsios will oversee technology policy alongside Gale Slater, who will focus on telecoms and antitrust. Sources say Sacks’ decision to scale back his role stems from his refusal to leave his investment firm Craft Ventures and his unwillingness to take on a full-time government position that would require Senate confirmation. Instead, Sacks is expected to serve as a Special Government Employee (SGE), a title that would allow him to intermittently advise the government while continuing his private sector duties. Sacks’s dual role has raised questions about potential conflicts of interest. While SGEs face fewer restrictions than regular government employees, critics argue such arrangements can make policy implementation and accountability more difficult. Related News: BitMEX Founder Arthur Hayes Praised This Altcoin Today: Hours Later, He Sold Big “Not leaving office and not taking on a formal government role complicates things a lot,” said one source familiar with the transition process. “Even if conflicts of interest are often overlooked in this administration, there’s a realization that the tech policy role needs someone who is fully operational and hands-on.” Kratsios, who was heavily involved in the transition team, is now expected to take the lead in personnel management and executing day-to-day policy initiatives. Despite the redefinition of his role, Sacks insists he remains at the center of the administration’s technology strategy. In a post on X (formerly Twitter), Sacks dismissed reports that his role was being scaled back as “nonsense.” “I plan to spend 50% of my time in Washington making policy and 50% in Silicon Valley keeping up with the latest technology. That seems like an ideal fit for a tech policy role and is exactly what I asked for.” Despite the changes, Sacks is expected to remain influential within the Trump administration, where his close ties to Silicon Valley and his advocacy of right-wing policies have given him a key role in shaping the administration’s approach to technology, artificial intelligence and cryptocurrencies. *This is not investment advice. Continue Reading: There is a New Confusing Development on the “Cryptocurrency Czar” Chosen by Donald Trump
Solana (SOL) was one of the large-cap assets affected by the recent market downturn triggered by the US Federal Reserve’s rate cut. The Solana price succumbed to the bearish pressure and fell beneath $200 for the first time in over a month. While the price of SOL has continued its downward spiral in the past day, a prominent crypto analyst on X believes that the altcoin might be gearing for a rebound already. Below is how the Solana price could course-correct and resume its bullish trend. Can SOL Price Reclaim $200 Again? In a post on the X platform, crypto pundit Ali Martinez shared an interesting insight into the current Solana price action. According to the analyst, several indicators and formations are pointing to a rebound for the altcoin’s price. Related Reading: SUI Shows Strong Bullish Comeback: Breakout Above $4.98 In Sight This prediction revolves around quite a number of indicators and chart formations. Firstly, Martinez noted that the price of Solana appears to be testing a key support zone between the $188 and $179 region. As shown in the chart above, this price zone has served as a significant resistance level in the past — from March to November. Typically, when the price flips a resistance zone, the level tends to act as a significant support should the price return to it. Besides the cost basis of investors, the Relative Strength Index (RSI) is also pointing to a potential rebound for the Solana price. The RSI, which tracks an asset’s overbought and oversold levels, is currently at 31.72. According to Martinez, this RSI level has acted as support in the past, with the Solana price traveling to new swing highs on each occasion. Monitoring this indicator could provide the right time to enter a long position for the altcoin. Furthermore, the stochastic RSI is currently at oversold levels, suggesting that the price might be ready for a reversal. The Stoch RSI differs from the regular indicator in terms of the sensitivity and timeliness of its signals. Martinez did not specify a target for the Solana price should the indicator signals prove true. However, a glance at price action data shows that the altcoin’s price tends to at least return to its previous swing high whenever it finds support at the aforementioned levels. Solana Price At A Glance As of this writing, the price of Solana is hovering around $180, reflecting a disappointing 6% decline in the past 24 hours. The cryptocurrency’s performance is even much worse on the weekly timeframe, having dropped by nearly 17% in the last seven days. Related Reading: Bitcoin Will Test ATH Once It Breaks This Strong Supply Zone – Details Featured image from Dreamstime/Aivaras Sakurovas, chart from TradingView
Bitcoin drops to $95K, facing renewed market uncertainty after failing to reclaim $100K. Social media sentiment shows a surge in FUD, with negative comments outweighing positive ones. Historical patterns indicate that extreme pessimism could signal a potential bullish reversal for Bitcoin. In the last 24 hours, after coming close to reclaiming the $100K level once again, the price of Bitcoin plummeted to $95K. The initial recovery toward the six-figure level came after a crash to $92K last week. However, the recovery rally failed to sustain as the market is tanking again. Bitcoin FUD Now at Historic Levels Meanwhile, Bitcoin’s recent price slump has triggered a wave of fear, uncertainty, and doubt (FUD) among traders, reaching the highest levels of negativity recorded this year. According to a report from market intelligence platform Santiment, social media sentiment metrics now reveal a striking imbalance between negative and positive commentary, which could signal a more sustainable rebound for the cryptocurrency. Santiment’s data shows that for every four positive comments about Bitcoin, there are five negative ones—a stark indicator of m… The post Bitcoin FUD Hits Highest Point of the Year: What Does This Mean BTC Bull Run? appeared first on Coin Edition .