On an early Monday morning, Pepe nobly topped the summit of the 100-day SMA at a magnificent $0.00001009, only to yield to gravity and plunge a full 1% downwards as one might expect from a toad woefully out of his depth, now trading at $0.00000992 according to the ever-reliable CoinDesk data.
Bulls and bears alike, don your finest velvet smoking jacket and prepare to front-run this week’s dazzling developments. The markets swing, darling, and so must you.
With over $15.2 million in trading volume, MEMELESS is currently the most traded memecoin on the platform. Its fully diluted valuation has climbed to $2.05 million, and liquidity has reached nearly $200,000, underpinned by a flurry of over 151,000 transactions—a sign of both frenzied interest and speculative momentum. 💸
This Giga Era, ah, so grandiloquent! The roadmap is rolled out, like a czar’s carpet, for a future where staking ceases to be a pitiful dance of crumbs and instead becomes the waltz of the entire village. The short-term market? Dizzy, inebriated by sudden optimism, spinning around the news like a Moscow reveler who’s had too much kvass. Let us shovel through the data and see if the ground beneath is as solid as the headlines claim.
However, Ethereum remains an outlier, demonstrating significantly higher investor interest or sentiment than Bitcoin.
There’s talk in the air, thick as uncollected samovar dust, about this so-called “30-day percentile funding rate.” Enter: Axel Adler, a man with an eye for numbers and a tragic fondness for patterns. Each time the funding rate drops to a sagely 50%, some modern oracle shouts, “A bottom!” and the chart promptly pirouettes like an over-caffeinated ballet dancer. Rallies ensue, analysts toast with virtual vodka, and the townsfolk cheer—until, inevitably, the music stops.
Enforced at the client level, this cap shall act as a gatekeeper, rejecting with merciless efficiency any transaction that dares to exceed its bounds. Blocks, once the proud carriers of these transactions, shall now be deemed invalid, cast aside like the forgotten pages of a once-glorious novel. 📜🚫
It was none other than the grand vizier of Telegram, Monsieur Pavel Durov, who trumpeted this news, no less. Out came the fanfares! Out came the admirers—who are, as always, only a crypto dip away from a fainting spell.
Their strategy? Aggressive accumulation. And it’s not just the big boys; even wallets with 1,000 to 10,000 BTC are in on the action. As for the smaller fish, well, they seem to be making a quiet exit, like ghosts in the night. According to Glassnode’s Trend Accumulation Score, the exodus is real.
Ah, meme coins – the life of the crypto party! With a marketing cap nearing $55B, these digital jesters are riding the bullish wave like a unicycle-riding clown on a rollercoaster. And who doesn’t love a good rollercoaster ride, eh?