Galaxy Digital CEO Michael Novogratz has once again reiterated his bold stance on memecoins, labeling them not just as a fleeting trend but as a "cornerstone" of the cryptocurrency industry. This declaration comes amidst a mixed reception from the broader crypto community, with some echoing his sentiment while others remain skeptical.
Read MoreThe memecoin market, known for its volatile nature and often driven by social media trends, has rebounded strongly after a week-long corrective phase. Leading the charge are Dogecoin (DOGE), Pepe (PEPE), and Bonk (BONK), demonstrating a renewed investor interest in these digital assets.
Read MoreDogecoin (DOGE) experienced a 2% dip in the past 24 hours, with its price falling to $0.1416. This represents a substantial 10% decrease within a week. DOGE's decline comes as the broader cryptocurrency market faces a 2.5% downturn, following Bitcoin's drop to just over $67,000 overnight.
Read MoreThe cryptocurrency market has seen a growing trend in the popularity of meme coins—digital currencies that start as internet jokes or viral memes. Dogecoin and Shiba Inu are notable examples, experiencing significant value increases driven by social media buzz and investor fear of missing out (FOMO).
Read MoreMove over Dogecoin and Shiba Inu, there's a new frog in town – and it's hopping mad (with joy)! The memecoin Pepe defied the recent crypto slump this weekend, experiencing a surge in trading while the rest of the market remained stagnant.
Read MoreThe meme coin craze, which has resurged in recent weeks, experienced a significant downturn after a live stream by Keith Gill, also known as "Roaring Kitty." Gill, famous for his role in the 2021 GameStop short squeeze, hosted his first live stream in three years, attracting over 600,000 viewers eager for his insights.
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