It has been an eventful week in the meme coin market, with various developments and trends grabbing attention. Here are some highlights:
1. BoneShibaSwap ($BONE) has experienced a surge of over 8% in the past 24 hours. This surge is attributed to the growing excitement surrounding the new Shibarium network. With Shibarium’s mainnet now live, investors are showing renewed interest in tokens like $BONE and $LEASH.
2. Wall Street Memes ($WSM) has raised over $26 million in its presale, which is nearing its conclusion. Inspired by the popular Reddit community r/WallStreetBets, Wall Street Memes has gained popularity and is expected to make a splash when it launches on Tier-1 exchanges in September.
3. The top meme coin, $DOGE, is facing some challenges as its technical indicators suggest potential downside ahead. The coin’s price has been struggling to clear the 20-day Exponential Moving Average (EMA), and market sentiment remains slightly bearish. Investors are advised to exercise patience and wait for significant price shifts before making any commitments.
4. Sonik Coin ($SONIK), a new meme coin with a Sonic the Hedgehog theme, has raised over $250,000 in its presale. The coin’s integration of a staking protocol has attracted investors who believe it sets Sonik Coin apart from other meme coins in the market.
5. SHIB2.0 ($SHIB2.0) has made DEXTools’ “Top Gainers” list, with a price jump of nearly 40% in the past day. However, skepticism among the broader investing community and the challenges faced by “2.0 coins” in differentiating themselves suggest that the recent price increase may be temporary.
Please note that the above article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research and exercise caution when investing in cryptocurrencies.