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ChatGPT Analyzes Which Solana Meme Coin Has the Best Chance to Flip Dogecoin (DOGE) This Year
TL;DR Solana-based meme coins such as Bonk Inu, dogwifhat, and Myro have gained popularity, with their ability to outperform Dogecoin depending on technological advances, community growth, and market acceptance. Their success is closely tied to SOL’s performance, which has recently rallied substantially. What are the Odds? Solana-based meme coins, such as Bonk Inu (BONK), dogwifhat…
TL;DR
- Solana-based meme coins such as Bonk Inu, dogwifhat, and Myro have gained popularity, with their ability to outperform Dogecoin depending on technological advances, community growth, and market acceptance.
- Their success is closely tied to SOL’s performance, which has recently rallied substantially.
What are the Odds?
Solana-based meme coins, such as Bonk Inu (BONK), dogwifhat (WIF), and Myro (MYRO), have taken center stage as of late, charting explosive gains and capturing the investors’ attention. We decided to ask ChatGPT whether their progress would continue throughout the year and if one of them could eventually flip the largest meme coin by market capitalization – Dogecoin (DOGE).
The AI-powered chatbot claimed that such a scenario is highly speculative but possible if certain factors take place. It started its analysis with BONK, claiming the token could surpass DOGE if it underwent major technological advantages and increased the size of its community base.
ChatGPT noted that newer cryptocurrencies have a better chance for rapid growth, meaning Bonk Inu might have already missed its best moment. The asset was airdropped to the Solana community in December 2022, with its price skyrocketing to an all-time high a year later.
The chatbot maintained that WIF is very similar to BONK, and its possible success hinges on its distinct features, use cases, and market reception.
The meme coin saw the light of day less than two months ago and quickly turned into a sensation. At one point, it caught the eye of prominent figures, such as BitMEX’s co-founder Arthur Hayes, who jokingly posted a photo on X (Twitter) wearing a hat (making a reference to the coin’s logo and name). In addition, Binance, Coinbase, and many other leading exchanges embraced WIF, pushing its price to a peak of over $0.45 in mid-January.
Last but not least, ChatGPT touched upon MYRO, suggesting its potential to become the number one meme coin depends on how it would differentiate itself in the cryptocurrency market, technical advancements, and adoption rate.
Another Important Factor
It is safe to assume that the possible rally of the aforementioned meme coins also hinges on Solana’s (SOL) performance. The asset has been among the trendiest cryptocurrencies in the past several months, witnessing a price increase of around 1,000% throughout 2023.
Numerous analysts believe the uptrend would continue this year. Those willing to dive deeper could take a look at our dedicated video below:
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Dogecoin (DOGE) Could Surge by Another 30% if its Price Holds This Level: Analyst
Dogecoin’s price has been on a roll in the past few weeks, having surged by about 30% since September 7. Recent data provided by the popular cryptocurrency analyst Ali hints at another similar rally should the meme coin decisively conquer the $0.11 resistance. Alongside the rest of the market, DOGE dumped hard in the first…
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Crypto Analyst Says New Meme Coin Pepe Unchained Could Challenge Pepe, Dogecoin
Pepe Unchained is in contention to become the top meme coin, potentially overtaking the industry titans like Pepe and Dogecoin. These are the thoughts of popular crypto analyst ClayBro, who hailed Pepe Unchained’s ($PEPU) rapid momentum and utility-rooted use case as reasons it could outdo the current meme coin frontrunners. ClayBro says $PEPU is Set Apart…
Pepe Unchained is in contention to become the top meme coin, potentially overtaking the industry titans like Pepe and Dogecoin.
These are the thoughts of popular crypto analyst ClayBro, who hailed Pepe Unchained’s ($PEPU) rapid momentum and utility-rooted use case as reasons it could outdo the current meme coin frontrunners.
ClayBro says $PEPU is Set Apart by its Presale Home Run
“The crypto market is going through a brutal period in terms of fear, yet Pepe Unchained is able to raise money, they’re able to sell out – they’re doing something no other presale can,” said ClayBro.
Pepe Unchained has raised over $12.5 million throughout its presale, making it one of the most successful campaigns of 2024.
Considering crypto prices have been crashing almost the entirety of the presale, ClayBro thinks the project has significant potential.
While most cryptocurrencies fold under bearish momentum, investors have accumulated Pepe Unchained without flinching.
According to ClayBro, Pepe Unchained is on track to “become the top meme coin.”
What’s driving this interest? It all comes down to its use case.
Pepe Unchained: the First Pepe-Themed Token With a L2 Blockchain
Layer 2 blockchains have changed the way users interact with Ethereum. They no longer bid for limited block space on the congested main network. Instead, they use connected offshoot chains (layer 2s) that are faster and cheaper.
Now, users can transact in the Ethereum ecosystem without worrying about the previously exorbitant gas fees – it’s a game changer.
But imagine packing that innovative utility behind the viral face of Pepe coin. That’s what Pepe Unchained will be.
It claims to offer lower fees and 100x faster speeds than Ethereum, and its focus on meme coins opens up a wide range of new potential use cases.
While meme coins like Dogecoin and Pepe rely purely on “vibes” and community spirit to boost their prices, Pepe Unchained is underpinned by tangible utility.
It’s a clear distinction from its peers and a narrative investors are getting behind.
$PEPU Staking Offers 162% APY, 20x Higher Than ETH Staking
More good news for Pepe Unchained holders – $PEPU staking is far more lucrative than the market average.
Currently, $PEPU staking offers returns as high as 162% APY. In comparison, ETH staking offers up to 7% APY.
And with ETH staking, users must host their own node or delegate to someone else. Either way, the take-home profits work out even less. But that’s not the case with Pepe Unchained.
However, the staking rewards are capped at 30% of the total $PEPU supply.
This means rewards will decrease over time, incentivizing prospective investors to act early.
Simultaneously, the Pepe Unchained presale price will gradually increase, with the next uptick in just over one day.
Bull Market is Back on – Expect an Uptick in $PEPU Presale Momentum
If Pepe Unchained could raise $12.5 million in bearish conditions, imagine what it would do in a bull market.
Traders have rallied behind its novel use case.
The crypto market cap has jumped 3.09% today as traders spot a higher low on the Bitcoin price chart. This typically indicates a trend reversal, shifting from bearish to bullish.
Causally putting in its first higher low in almost 200 days…
Potential rate cuts next week…
Fear & greed – extreme fear…
Bottom signals flying left and right….
Time to pray. pic.twitter.com/hvaMWYkb2h
— cousin crypto (@cousincrypt0) September 9, 2024
It comes amid expectations of a tailwind from favorable macroeconomic changes. Goldman Sachs anticipates three consecutive 0.25% interest rate cuts through 2024, which would drive more liquidity into risk-on asset classes like cryptocurrencies.
Goldman Sachs, $GS, expects the Federal Reserve to initiate a series of three consecutive 25 basis-point rate cuts in September, November and December.
— unusual_whales (@unusual_whales) August 29, 2024
But its meme coins taking center stage – the sector’s total market cap has surged 7.5% today.
As the market regains strength, Pepe Unchained could be about to experience its first-ever bull market rally.
Investors can follow Pepe Unchained on X or join its Telegram for the latest updates. Otherwise, they can visit its website to buy and stake tokens.
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
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Dogecoin (DOGE) Jumps 5% Daily, Bitcoin (BTC) Rises Above $61K (Weekend Watch)
Bitcoin’s price movements over the weekend have returned to a much calmer state, and the asset has remained relatively stable at just over $61,000. The altcoins are mostly in the green, with BNB and DOGE emerging as the top performers from the larger caps. BTC Above $61K Last weekend went under the rule of the…
Bitcoin’s price movements over the weekend have returned to a much calmer state, and the asset has remained relatively stable at just over $61,000.
The altcoins are mostly in the green, with BNB and DOGE emerging as the top performers from the larger caps.
BTC Above $61K
Last weekend went under the rule of the bears as they pushed the primary cryptocurrency from $66,000 on Friday to $57,000 by Sunday evening. The landscape worsened on Monday, and the price plunged massively to $49,500, which became BTC’s lowest position in about half a year.
However, the asset started to recover some ground in the following days. This culminated on Friday morning with a surge to almost $63,000, meaning that bitcoin had reclaimed more than $13,000 in value in less than a week.
Nevertheless, the cryptocurrency failed to maintain its run and retraced by a few grand. Since then, the market has been choppy, but BTC has managed to remain above $61,000 in the past 24 hours.
Its market capitalization has risen above $1.2 trillion, while its dominance over the alts has declined slightly after the recent multi-year milestone and is just under 54% now.
DOGE Shoots Up
Most altcoins have charted some gains in the past 24 hours, led by the largest meme coin. DOGE has shot up by 5% and has tapped $0.11 for the first time in days. Binance Coin is the other impressive gainer from the larger-cap alts, having surged by just over 4%. As a result, BNB sits above $530 now.
ETH, SOL, XRP, ADA, AVAX, SHIB, and BCH are also slightly in the green, while TON is the other larger-cap alts in the red.
Aptos and FET are the two top performers from the mid-cap cohort, with gains of 7% and 9%, respectively.
The total crypto market cap has added about $20 billion overnight and is at $2.245 trillion on CG now.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
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