Meme Coins continue to be contentious, with arguments both in favor and against them. Despite criticism that they destroy wealth and accusations of promoting extremist ideologies, they have been profitable for some, including publishing entrepreneur
Dave Portnoy.
Trump's meme coin attracted criticism and was viewed as an ethical concern. However, it also generated nearly $100 million in trading fees. Conversely, popular meme coins like
Dogecoin and
Shiba Inu seem to enter a 'boring phase', with stable prices and Shiba Inu further differentiating itself as a technology powerhouse.
The U.S. Penny has been a subject of debate, with discussions ranging from getting rid of it to replacing it with the nickel. Similar conversations are evident in the crypto market.
Bitcoin, despite experiencing several price drops, remains bullish according to the Wyckoff model, which predicts a retest of $100,000. Furthermore, MicroStrategy’s rebrand suggests Bitcoin is not a losing bet, despite critics saying it serves 'no real economic need'.
Regarding altcoins, attention has been drawn away from Solana and Binance Coin. In their place, new players like
Notcoin are predicted to bounce back stronger after weathering price drops. Despite volatile price movements, Notcoin showed signs of major bullish breakout and even rallied by 20% and 40% after airdrops.
Going forward, the crypto market seems poised for a tactical retreat, as suggested by the Binance CEO. The idea of the American dream being a coin flip has been rejected. It's also noteworthy that rumors about Trump becoming a crypto billionaire overnight have been dismissed. The
cryptocurrency market's dynamics seem to continue to favor Bitcoin, with $100K being a matter of when, not if.
NOT Coin News Analytics from Wed, 15 May 2024 02:34:13 GMT to Wed, 26 Feb 2025 11:37:11 GMT -
Rating 2
- Innovation 5
- Information -3
- Rumor -4
