In recent cryptocurrency news, South Korean lawmakers have faced criticism, selling off their coins amid a scandal, causing some to label the activity as 'just crypto dust'. This has happened alongside Bitcoin's sell-side risk reaching a 2024 low, a mere $10K away from the BTC price record. Despite this, some analysts predict an imminent altcoin season, expecting skyrocketing values for certain coins, mirroring the massive 2021 Solana surge.
Meanwhile, the popularity of meme coins can be seen in DOGS - ranking third by holder count, trailing only USDT and ETH. Notably, the Pepe Coin price surged 10%, as the meme coin rally continues and Pepe Unchained attains a $14M presale milestone.
Quite interestingly, there have been instances of staggering returns, with one crypto trader making $1.2M from a mere $135 investment in just 15 days, demonstrating the high-risk high-reward nature of the sector.
Furthermore, a new meme coin staking platform, Crypto All-Stars, has managed to raise $1.3M in an ICO, demonstrating the continued interest in altcoins. Some investors see explosive growth in forthcoming altcoins and are ready to invest even before the coins list, promising 100x gains. While these optimistic forecasts are engaging, they hinge heavily on market dynamics and investor sentiment, both of which are notoriously unpredictable.
JPMorgan and Citi both increased their price targets on Coinbase COIN stock, an indication of their faith in the platform and its role within the larger crypto industry. In contrast, Cardano has faced some scrutiny, with one analyst referring to it as a 'cult coin' and pointing to BNB as superior. Meanwhile, Solana announces a new Seeker device, aiming to look beyond just memecoins.
JUST Coin News Analytics from Mon, 26 Feb 2024 08:00:00 GMT to Wed, 25 Sep 2024 11:44:56 GMT -
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