Blockchain Press Releases
Memecoin Mania Boils Over! Join Bybit Web3’s Live Stream Debate: Fad or Future?
Featuring CryptoYapper, AltCryptoGems, BeInCrypto, and Ronny Roehrig (CEO of Cripto Avances).
DUBAI, UAE, May 22, 2024 /PRNewswire/ — Bybit Web3, the Web3 division of Bybit – one of the top three global crypto exchanges by trading volume, today announced its upcoming live stream event, “Memecoin Mavericks: Where Will the Winds of Memecoin Fate Blow?”
Scheduled for Friday, May 24, 2024, at 8:00 AM UTC, this hotly anticipated debate composed of renowned industry experts will go head-to-head on the significance and future of memecoins within the ever-evolving Web3 landscape.
In addition to the expert firefight, the event boasts a popularity voting contest featuring nine trending and charismatic memecoins: AllYourBase, Toshi, BaseGod, Brett, Based Fellas, FOMO, Based Peaches, Poncho, and EZ. Attendees who participate in the voting will have the chance to win the most popular memecoin based on the collective votes.
“We’re thrilled to present ‘Memecoin Mavericks,’ an engaging live stream debate where industry leaders will dissect the future prospects of memecoins,” said Emily Bao, Bybit Web3 Evangelist. “This event captures the dynamic spirit of Web3 and provides a unique platform for our community to gain valuable insights, participate in lively discussions, and even win big. Join us on May 24th to explore whether meme coins are just a fleeting trend or the next big thing in crypto.”
Why You Can’t Miss This Livestream
Meme Mania Heats Up
The memecoin market is experiencing a red-hot surge, with trading volume reaching its highest level since May 2021! This surge signifies a massive influx of interest in memecoins, with popular tokens like Dogecoin, Shiba Inu, Pepe, Floki Inu, Dogwifhat, BONK, Brett, and Toshi leading the charge. This trend coincides with the thriving network usage of Base. DeFiLlama data shows its 24-hour trading volume currently exceeding $250 million, a tenfold increase from just $25 million at the end of January.
Memecoins themselves have seen a phenomenal 195% annual increase, significantly outperforming Bitcoin’s respectable 123% rise. The total market cap for memecoins has ballooned to a whopping $51 billion, showcasing the immense potential – and inherent risk – this sector holds. But is this a sustainable trend, or a fleeting frenzy? Join our live stream to find out!
Renowned Experts. Fiery Debate.
Witness CryptoYapper, AltCryptoGems, BeInCrypto, and Ronny Roehrig (CEO of Cripto Avances) engage in a lively debate on a range of thought-provoking themes. From the true spirit of meme culture in Web3 to the potential of memecoins on Base versus Ethereum, prepare for explosive discussions on investment drivers, memecoin trajectories, and the future of this fascinating crypto niche.
DEX Pro Demo & Quiz with Big Rewards!
Learn about Bybit’s cutting-edge DEX Pro platform through an insightful walkthrough. Plus, test your memecoin knowledge and win up to $5,000 in trending memecoins on Base by participating in our interactive quiz during the live stream! Don’t miss out – the voting window is open now until May 31, 2024, at 11:59 PM UTC.
Bybit: Your Gateway to the Memecoin Conversation
This live stream is your chance to delve into the fascinating world of memecoins and gain valuable insights from industry leaders. Don’t be left on the sidelines – tune in and join the conversation: https://www.bybit.com/en/press/live/web3-memecoins
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 30 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit, please visit Bybit Web3.
About Bybit
Bybit is one of the world’s top three crypto exchanges by trading volume with 30 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Logo – https://mma.prnewswire.com/media/2311075/Bybit_Web3_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/memecoin-mania-boils-over-join-bybit-web3s-live-stream-debate-fad-or-future-302152101.html
A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
The post Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis appeared first on HIPTHER Alerts.
A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
The post Binance warns of crypto market risks from overvaluation, centralization appeared first on HIPTHER Alerts.
The Cryptocurrency Open Patent Alliance (COPA) has teamed up with Unified Patents to launch the Blockchain Zone initiative, aimed at combating “patent trolls” in the crypto industry. Patent trolls, or non-practicing entities (NPEs), are known for exploiting patent rights through litigation rather than developing new technologies. COPA and Unified Patents aim to prevent such entities from hindering blockchain innovation by making costly and baseless patent assertions.
The initiative is designed to safeguard blockchain and related technologies from these unwarranted patent claims, fostering an environment where developers and companies can innovate freely without fear of legal threats. Key figures in the partnership, such as Paul Grewal from Coinbase and Steve Lee from Spiral, emphasize that patent trolls create significant barriers to technological progress, especially in the fast-evolving crypto space.
By aligning with over 300 companies through Unified Patents, COPA’s effort strengthens its mission to protect the blockchain community and the broader crypto-economy from the disruptive impact of NPEs, ensuring that blockchain innovation remains open and accessible.
Source: news.bitcoin.com
The post COPA, Unified Patents Partner to Fight Crypto Patent Trolls appeared first on HIPTHER Alerts.
-
Blockchain Press Releases6 days agoWSPN and Conflux Forge Strategic Partnership for a Brighter Path in Digital Finance
-
Blockchain6 days ago
Balancing AI Hype and Hope: Industry Leaders Unveil Growth Playbook at AI Apex Asia Capital Connect Forum
-
Blockchain6 days agoFintech Software Business Research Report 2024-2030: Opportunities in Emerging Markets, Expansion of Open Banking and API Integration
-
Blockchain Press Releases6 days agoPre-registration Open for Physical Bybit Card in Argentina
-
Blockchain Press Releases3 days ago
Matrixport Expands Footprint in Europe with Acquisition of Swiss-based Crypto Finance Asset Management
-
Blockchain6 days agoKCEX Expands Global Crypto Trading Platform with New Reward Center and Daily Futures Trading Competitions
-
Blockchain Press Releases3 days ago
Cyrus Watches and Patoro Partner with MetaMinds for Immersive Augmented Reality Experience at Luxury Innovation Summit
-
Blockchain Press Releases6 days agoCrypto Derivatives Market Rebounds Amid Positive Sentiment, Bybit x Block Scholes Report Finds
