Hello, we are in Arizona, if it matters. My girlfriend wants to pursue a cryptocurrency investment that she recently lost to a scam. She is aware that the chance of recovering her money is slim to none, but she is thinking to hire a blockchain analysis firm. At this point, everything looks like a potential…
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The world of cryptocurrency can be a curious place. While established coins like Bitcoin and Ethereum, and even Solana dominate headlines, a new breed of tokens – meme coins – have captured the imagination (and wallets) of a growing number of investors. These coins, often featuring playful mascots and fueled by online hype, can experience explosive growth, but also come with a significant risk of volatility and even scams. Related Reading: Forget Q1 Slump: Solana Explodes Over 300% Amid DEX Boom Enter Slothana (SLOTH), the latest Solana-based meme coin making waves in the crypto community. Launched just recently, Slothana has garnered significant attention during its ongoing presale, exceeding its initial fundraising target and raising nearly $10 million at the time of writing. This early success has fueled speculation of a massive price increase, with some crypto enthusiasts predicting a staggering 100x gain after the presale concludes. 🌿🦥 Attention, fellow sloths! Poll time. Should we launch on DEX only, embracing the true spirit of decentralization and lazy trading? Or should we go full throttle, hitting up both CEX and DEX like the overachieving sloths we could be? Cast your vote below #slothana #memecoin — Slothana (@SlothanaCoin) March 29, 2024 Solana Memecoin Mania Solana, a high-speed blockchain platform, has become a breeding ground for meme coins. Unlike established blockchains like Ethereum, Solana offers faster transaction speeds and lower fees, making it an attractive platform for launching new meme coins. This year alone, several Solana meme coins have experienced phenomenal growth. For instance, Smog (SMOG), another meme coin launched on Solana in February, witnessed a nearly 8,000% increase in value for early investors. To the moon 🔥 — SMOG (@SMOGToken) March 26, 2024 This success story has fueled optimism surrounding Slothana, with some speculating a connection between the two projects. A recent “To The Moon” comment from Smog’s official social media account has ignited rumors that the same team may be behind Slothana, further boosting investor confidence. Can Slothana Avoid The Pitfalls? Meanwhile, the risk of rug pulls – where developers abandon a project after raising funds through a presale – is a significant concern in the meme coin space. While Slothana’s presale structure appears transparent, with a “fair launch pricing system” offering equal opportunity to acquire tokens, thorough research into the project’s team and roadmap remains crucial. SOL market cap currently at $80 billion. Chart: TradingView.com Riding The Bitcoin Halving Wave? An additional factor potentially influencing Slothana’s future is the upcoming Bitcoin halving scheduled for later this month. Historically, Bitcoin halvings, which reduce the number of new Bitcoins entering circulation, have been followed by periods of bullish momentum for the entire cryptocurrency market. Related Reading: Bitcoin Dips, But Don’t Panic: ETFs See Three Days Of Bullish Inflow This has often led to a surge in meme coin prices as well, as investors seek out high-risk, high-reward opportunities. If Slothana launches on exchanges before or shortly after the halving, it could benefit from this meme coin frenzy. Featured image from Pexels, chart from TradingView
Anza, a collective of Solana-focused developers, has announced the measures it is taking to mitigate the congestion issues the network has been facing. Anza stated that it has made significant progress in tackling these problems and hopes to release patches next week. Currently, 70% of users’ transactions in Solana are failing. Solana Dev Collective Anza […]
Thanks to u/christofooch I went down a rabbit hole of online reports that include any information about IBM Tokyo. One of these reports was produced for the US Department of Defense (Committee on Globalization of Science and Technology: Opportunities and Challenges for the Department of Defense) so I thought it would be relevant for this…
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Despite experiencing a downturn for four straight weeks, eight blockchain networks logged $3.77 billion in non-fungible token (NFT) sales in the first quarter of 2024. Leading the charge, Ethereum-centric NFTs accounted for $1.4 billion or 37% of the NFT sales during Q1 2024. The Dual Forces of Organic NFT Sales and Wash Volume Across Several […]
I am still noob level in this game. Yesterday I heard about the term/concept of "Sell Tax". I was exposed to the concept while watching how to create a meme token on YouTube. Then looking around more I came across Buy Tax; mind blown!! Now I am a bit intrigued. So looking through the coins…
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Hi, as the title states, I accidentally transferred ETH instead of ETHOLD to my Poloniex account. ETH is the newer token that's supposed to replace ETHOLD. Both are TRON tokens, however Poloniex no longer supports deposit/withdraw of ETH via the TRON network. I used the same TRON address for this erroneous transfer as I have…
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Hello everyone, I'm just a newbie making my research on the topic of exchanges and I tried buying 5 dollars worth of btc on crypto.com, to see if everything worked (it did). upon selling it (to see if it worked in that direction too) I can't seem to find a way to withdraw fiat to…
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