As BTC is once again approaching 100,000, let's review the ETH/BTC rate of 0.019. At the last offline gathering, I chatted with some friends about why we still hold ETH.
Here are some common points:
* Most entered Crypto in the last cycle
* Still fantasizing about an altcoin bull market
* Not good at cutting losses
* Didn't participate much in the SOL ecosystem this cycle
—————————————————————
Let's discuss each point:
1. Entering Crypto in the last cycle, they consider ETH and BTC as the same type of coin, while others are altcoins. This leads to expectations that ETH will outperform BTC during bear market bottoming and bull market buying, hoping for BTC to reach 100,000 USD and ETH 10,000 USD.
2. Also, because liquidity was too abundant in the last cycle, all coins rose, so they are still fantasizing about an altcoin bull market. But this cycle, the BTC ETF has diverted a lot of Crypto liquidity to the US stock market, and there hasn't been a rate cut, making the market situation completely different from the last cycle.
3. Because they don't know how to cut losses, they can only watch as the ETH/BTC rate drops from 0.08 to today's 0.019.
4. There has actually been an altcoin bull market, which is SOL's MEME. MEMEs have all risen, including animals/politics/AI infrastructure, etc., with each category rising significantly. Still thinking about old coins without narratives or income rising is a kind of illness. In the last cycle, all narratives revolved around ETH, like Defi Summer/NFT. But this cycle's narrative is happening on SOL, and without participating, there's no way to sell ETH for SOL.
Some friends, based on outdated top indicators from the past, judge that the bull market hasn't peaked yet and haven't sold any ETH positions.
ETH in this cycle just hasn't kept up with the times, and if your thinking is rigid, you'll be like ETH.
At this point, it's time to bring out Night Owl's classic chart: "In the long run, ETH is worthless." (This does not represent my view 🐶🐶)
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17.32K
16
d2o⚡️⚡️
Ngl, I can't even retire at these prices 😭 I'm fucking cooked.
d2o⚡️⚡️
Realistic price targets for 2025:
$BTC - $300,000
$ETH - $25,000
$SOL - $1,500
$BERA - $420
$MEME - $1
Are you prepared for this scenario?
23.8K
0
d2o⚡️⚡️
Realistic price targets for 2025:
$BTC - $300,000
$ETH - $25,000
$SOL - $1,500
$BERA - $420
$MEME - $1
Are you prepared for this scenario?
34.82K
32
d2o⚡️⚡️
New $meme LP Challenge.
How can price go up if there's not enough on-chain liquidity for people to buy?
I'm helping to solve this problem by adding weekly to the @Uniswap V4 LP for ETH/MEME.
This is MY @MemeStrategy 🫡🏴☠️🤝
The current price of Memecoin is $0.0022200. Over the last 24 hours, Memecoin has increased by +18.72%. It currently has a circulating supply of 45,280,410,875 MEME and a maximum supply of 69,000,000,000 MEME, giving it a fully diluted market cap of $100.84M. At present, the Memecoin coin holds the 187 position in market cap rankings. The Memecoin/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Memecoin is a cryptocurrency that was created on the Ethereum blockchain. It is a social experiment and a source of amusement within the cryptocurrency landscape.
Memecoin does not have any inherent functional utility, intrinsic value, or the expectation of financial returns, unlike some other cryptocurrencies such as Bitcoin or Ethereum. Despite its lack of traditional use-cases, Memecoin has carved out its own niche within the cryptocurrency universe. Its impact and value are derived from its dynamic community and the whimsical charm of internet memes.
How does Memecoin work
Memecoin is a cryptocurrency that works differently from traditional cryptocurrencies such as Bitcoin and Ethereum. It does not have any inherent applications and its value is derived from the collective entertainment that it brings to the world of cryptocurrencies.
The volatility of Memecoin's trading volume makes it challenging to use traditional market approximation techniques to value it. However, Memecoin has managed to create a significant impact within the global cryptocurrency market due to its unique and entertaining nature.
About the Founder
Memecoin was founded by the team at Memeland, a web3 venture studio that was spun off from 9GAG, a leading global meme platform. 9GAG has over 200 million monthly followers and is ranked among the top 500 websites globally. The team at Memeland has over 15 years of experience in building community-focused products and has worked with hundreds of distinguished brands, thousands of leading creators, and millions of passionate supporters.
Memeland is focused on the potential of social banking and the Creator Economy. Since June 2022, the team has launched three non-fungible token (NFT) collections: You The Real MVP, The Captainz, and The Potatoz.
Highlights of Memecoin
Memecoin raised $15.80 million USD in two pre-sale rounds. Private investors purchased 12% of the total supply, and the Memeland community purchased 11%. As of October 27, 2023, the total supply of MEME tokens is 69 billion, with a circulating supply of approximately 8.8 billion tokens upon listing, representing about 12.75% of the total supply.
The Memecoin whitepaper states that MEME is not intended to serve as a medium of exchange, a representation of money, or a security, share, or debenture. It does not offer any rights to exchange MEME for goods or services, voting rights in the Memeland ecosystem, participation in any enterprise's business operations, or any entitlement to profits, dividends, or revenue. MEME does not represent any indebtedness or the promise of a financial return.
Memeland has not released a roadmap or made any explicit promises to investors or the community. Despite its lack of traditional utility and value expectations, Memecoin brings a new perspective to the cryptocurrency world, fueling a global culture of humor and fun.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 34K new posts about Memecoin, driven by 13K contributors, and total online engagement reached 9.6M social interactions. The sentiment score for Memecoin currently stands at 77%. Compared to all cryptocurrencies, post volume for Memecoin currently ranks at 125. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Memecoin.
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Posts
33,504
Contributors
12,917
Interactions
9,622,130
Sentiment
77%
Volume rank
#125
X
Posts
23,528
Interactions
6,342,035
Sentiment
83%
Memecoin FAQ
How much is 1 Memecoin worth today?
Currently, one Memecoin is worth $0.0022200. For answers and insight into Memecoin's price action, you're in the right place. Explore the latest Memecoin charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Memecoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Memecoin have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
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