These 2 Meme Coins Defy Market Correction – Will They Lead the Next Cycle?
The FLOKI and PEPE prices have held up well today despite an ongoing crypto market correction.
Keep up with what's happening in the crypto world in real-time.
The FLOKI and PEPE prices have held up well today despite an ongoing crypto market correction.
In 2024, meme coins continue to dazzle the crypto world, combining humor with investment potential. As Ethereum and Solana lead the charge, here are five meme coins, including Shiba Inu Coin (SHIB), Pepe-Coin (PEPE), Bonk (BONK), Myro Price (MYRO), and Floki (FLOKI), that are capturing the attention of tech-savvy investors worldwide.
While they arrived in the financial space as a joke, meme tokens have increased in number while finding exclusive utility as they cement their presence in the market. Meanwhile, Floki Inu, Bonk, and Memeinator (MMTR) stand to dominate price charts in the 2024 bull run.
Floki's social dominance over SHIB, accompanied by a price surge, points to growing competition.
After Ethereum's (CRYPTO: ETH) co-founder Vitalik Buterin suggested on X that artificial intelligence (AI) could be used to check smart contracts for errors, cryptocurrencies that use AI saw their value increase. As a result, the value of TokenFi's TOKEN (CRYPTO: TOKEN), associated with FLOKI (CRYPTO: FLOKI), went up by as much as 20% in a week.
Amidst the altcoin season, the Bitcoin price is taking a short nap and warns of a pullback as the momentum shifts towards the altcoins. However, the top meme coins known for their volatile, sharp, and long jumps are taking a slower approach this season.
A closely followed crypto strategist is predicting that Bitcoin (BTC) will remain in an uptrend as it closes in on $48,000. Pseudonymous analyst Inmortal tells his 206,200 followers on the social media platform X that a sudden influx of retail traders could drive the top crypto asset by market cap another leg up.
The meme space has become a hotspot for incredible gains, evident from numerous rags-to-riches stories highlighting the profitability of this entertaining ecosystem. As 2024 gears up for a bullish market, renowned crypto analyst Inmortal, has picked the one memecoin he thinks will do better than all the others in this market cycle.
In a recently published tweet, on-chain data aggregator IntoTheBlock spread the word about a new table with meme coins' key metrics added to their meme coin dashboard.
Floki has formally responded to the Hong Kong SFC's recent warning, reiterating their commitment to compliance across jurisdictions and explaining the rationale behind their staking program's high returns. Cryptocurrency Project Floki Counters Hong Kong SFC's Warning In a detailed blog post dated Jan.
In a recent announcement responding to regulatory scrutiny, the Floki Inu crypto team “blocked” its staking programs in Hong Kong. This decision follows a warning from the Hong Kong Securities and Futures Commission (SFC), which labeled Floki's high-yield staking products as “suspicious” and unauthorized.
Floki Inu suspends its staking program in Hong Kong following regulatory warnings.
The Hong Kong Securities and Futures Commission issued a statement cautioning investors on staking programs from Floki Inu and TokenFi.
The SFC warned Hong Kong users on Jan. 26 and described Floki's staking programs as “suspicious investment products.”
The Hong Kong Securities and Futures Commission last week flagged Floki's staking programs as "suspicious investment products."
The authority that oversees financial markets considers FLOKI token staking as an unregistered investment product.
In a recent statement, the Floki team addressed the Hong Kong Securities and Futures Commission's (SFC) concerns about their high-yield staking programs. It also emphasized its commitment to compliance and explained the mechanics behind its high annual percentage yield (APY) offerings.
The team behind the Floki Inu cryptocurrency has stopped offering staking programs for Floki and TokenFi in Hong Kong. They made this decision after the local regulator labeled these programs as “suspicious investment products.
The Floki Inu cryptocurrency team has ceased Floki's staking programs in Hong Kong after the local regulator marked them as “suspicious."
In response to the recent notice issued by the Hong Kong Securities and Futures Commission (SFC) regarding the Floki and TokenFi staking programs, the Floki team has issued a comprehensive response.
Hong Kong's Securities and Futures Commission (SFC) has raised concerns about the high annualized percentage yield (APY) offered by Floki's staking program, prompting the project's team to take immediate action.
Hong Kong's Securities and Futures Commission labeled Floki and its staking program a suspicious investment product.
The Securities and Futures Commission (SFC) of Hong Kong has raised a red flag, advising the public to exercise caution when considering high-yield crypto investment schemes. Notably, the SFC has singled out the Floki Staking Program and the TokenFi Staking Program as potentially risky ventures.
For cryptocurrency investment strategies, 2024 will be the year of the ETF. That is how to play this fundamental shift in the market.