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Forget GameStop Stock GameStop Meme Coin (GME) Millions

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  • Earlier this month, GameStop exited the NFT space after shutting down its marketplace, however, a new GameStop-themed meme coin (GME) has been  launched on Solana and guess what? It surged over $14M in market cap within 24 hours.

Recent Solana memecoins like Dogwifhat and Myro have seen astronomical gains over short periods, which GameStop aims to replicate.

A GameStop meme coin on Solana SOL/USD, using the same $GME ticker, is trying to repeat the feat, running up to over $14 million in market capitalization within the first 24 hours.

Cryptocurrency connoisseurs know meme coins move like greased pigs – millions or zero, often within hours, rarely something in between.

A Solana-based Gamestop meme coin catapulted to a peak market capitalization of over $14 million within 24 hours of its launch.

See Also: GameStop Exits The NFT Space After Shutting Down Its Marketplace

On its website under the domain wallstsucks.lol, the meme coin bills itself with the slogan “Wall St. Can’t Stop It Now” and makes the direct connection that “$GME on Solana is a tribute to the GameStop saga.”

The token exploded after its launch but lost over 85% of its value after its X (former Twitter) profile was banned. It has since recovered to a market cap of around $6.5 million and secured a listing on the centralized cryptocurrency exchange Poloniex.

The $GME meme coin follows the recent trend of fast-moving Solana memecoins surging to astronomical valuations in no time:

  • Dogwifhat peaking at almost $500 million in market cap in under three months.
  • Myro peaking at over $200 million in market cap in the same timeframe.
  • Drake-backed Anita Max Wynn surging to over $50 million within a week.

These tokens have yet to achieve the most bullish price targets and flipping “bluechip meme coins” Dogecoin DOGE/USD and Shiba Inu SHIB/USD in market cap.

Whether the GameStop token has the same staying power as its dog-themed companions remains to be seen. 

Opinions on social media range from “These new Solana Memecoins dump as fast as they pump” to “#Solana meme coins are still THE s**t right now.”

The truth is, we have yet to find the next “Dogecoin killer.” Hope you all remember the GameStop “meme stock frenzy” of 2021?





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Press Release

Solana’s ‘Hostage Dev’ Token Developer Taken Hostage Price

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A new Solana-based token, Hostage Dev, claims to have taken its own developer hostage and is threatening to kill him unless the token’s market cap reaches $1 million.

Solana token ‘Hostage Dev’ is being promoted on the X platform (formerly Twitter) using a short video purporting to show a hostage that the team has kidnapped.

The ‘hostage’ can be seen bound and bagged in a nondescript room holding a cardboard placard that reads, “Please, let’s go to 1milly mcap or else I’m dead.” 

Other tweets from the Hostage Dev X account read “Guess who’s not going to sleep today? #HOSTAGE,” and “Dev completely knocked out on the stream? We don’t care.”

The look of the Hostage Dev website is based on so-called ‘Wojack’ memes and traditional ‘cut-out’ ransom notes, and reads:

See Also: Solana-based Backpack Crypto Exchange Attains $1B Daily Trading Volume Just 5 Days After Pre-season Beta Launch 

“We have your developer! If you want us to free him you need to pump chart to 1,000,000 marketcap.”

The Hostage Dev token currently has a 24-hour volume of $213K and a market cap of $7.58K. This means it’s $992,420 away from the kidnappers’ target of $1 million.

The site features a bagged man in a puddle of urine, a man wearing a balaclava, computers with Solana imagery, and a rising price chart. 

The team isn’t exactly sure of the legality of the stunt, as it confessed on X, “Hope I don’t get swatted for this hahaha.” This was immediately followed by “Dev still hanging in, begging 😂😂😂.”

In the United States, hostage-taking is the “seizing or detention of an individual coupled with a threat to kill, injure or continue to detain… to compel a third person or governmental organization to take some action.” 

Possible sentences include life imprisonment, and if the hostage is killed, the death penalty. 

We’ve reached out to the Hostage Dev team and will update this piece if we hear anything back.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

 





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CME Launch Euro-Denominated Micro Bitcoin And Ether Futures

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  • The CME plans to launch euro-denominated micro bitcoin and ether futures on March 18, pending regulatory approval.
  • The news follows a surge in open interest and trading volume for CME bitcoin and ether futures last month.

The Chicago Mercantile Exchange (CME) plans to launch euro-denominated micro bitcoin and ether futures on March 18, according to a statement released Tuesday.

Pending regulatory review, the expansion of its cryptocurrency derivatives offering is set to follow the launch of its US dollar-denominated micro bitcoin futures contracts in May 2021 and micro ether futures in December 2021. 

CME previously announced the launch of regular euro-denominated bitcoin and ether futures contracts in August 2022. It also offers bitcoin and ether options products.

Similar to their U.S. dollar-denominated counterparts, the micro bitcoin euro and micro ether euro futures contracts will be one-tenth the size of the respective underlying assets — aimed at providing a cost-effective way to gain bitcoin and ether exposure.

“Global investors have sought more precise tools to manage their risk as interest for bitcoin and ether grows. As such, we have seen a four-fold increase in volume in our USD-denominated micro bitcoin and micro ether futures,” CME Group Global Head of Cryptocurrency Products Giovanni Vicioso said in the statement.

See Also: Bitcoin Futures Open Interest Hits Highs of November 2021 as BTC Surge Past $52,000

Although U.S. dollar contracts dominate the crypto futures market, CME Group sees an opportunity to provide its clients with additional products to hedge their bitcoin and ether exposure in the second-highest traded fiat currency.

“Year-to-date, 24% of bitcoin and ether futures volume at CME Group has been transacted from the EMEA region, and we continue to develop additional tools for clients there to hedge their crypto portfolios and express or take a view on potential market moves,” Vicioso added.

The CME was among the first to offer a bitcoin futures product, launching on Dec. 17, 2017, seven days after the Cboe’s initial foray, and has since become one of the top venues in the crypto derivatives space.

CME Open Interest And Trading Volume On The Rise

Last month, bitcoin futures open interest on the CME hit an all-time high of $5.2 billion, with trading volume for the month also reaching a record $108.3 billion — the highest level since October 2021, according to The Block’s data dashboard.

Ether futures open interest and trading volume also reached multi-month highs of $731.6 million and $23.4 billion, respectively in January. 

However, the metrics remain more than 30% below the peak set in November 2021.

Micro bitcoin and ether futures also witnessed a surge in January, with average daily volumes growing 43% versus December, the CME Group said.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

 



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Altcoins in Spotlight: Jupiter (JUP), Celestia (TIA), and NuggetRush (NUGX)

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TLDR

  • Celestia continues its price discovery journey, recently creating a new ATH.
  • Jupiter prepares for a bounceback, gathering steam.
  • NuggetRush is a new and promising ICO poised to skyrocket after launch.

 

The Jupiter (JUP) airdrop—the biggest in 2024 so far—continues to create a buzz within the crypto landscape. The launch of the Solana-based DEX, Jupiter Exchange, was met with excitement as it entered the spotlight.

At the same time, Celestia (TIA) has been the talk of the crypto community following its new all-time high (ATH). In the ICO world, NuggetRush (NUGX) has emerged as an investor favorite, preparing to skyrocket after its launch.

>> Buy NuggetRush Now <<

 

NuggetRush (NUGX): Basking in The Spotlight

NuggetRush (NUGX) has been the talk of the crypto community, especially with its launch nearing. As one of the most promising new ICOs, its debut is one of the most anticipated, hailed as the best new crypto to invest in for several reasons.

In the fifth round of the ICO, a token is competitively priced at $0.018—a low entry point. Meanwhile, analysts tip it for a 75x upswing, which explains why investors are swarming the ongoing presale.

Besides its staggering growth potential—one of its biggest appeals, no doubt—it further stands out thanks to its novelty. It is positioned at the intersection of memes, play-to-earn (P2E), and GameFi. This fascinating convergence makes it a bullish narrative, with its appeal cutting across the crypto landscape.

As a P2E memecoin, it will combine memetic features like intense volatility and a vibrant community, as well as real-world applications. In addition to being the in-game currency, it will also have a governance feature, giving holders a say in the game’s and ecosystem’s future.

>> Buy NuggetRush Now <<  

 

Celestia (TIA): Price Discovery Continues 

Celestia (TIA) is a new crypto and one of the best coins to invest in. It is swiftly becoming an investor favorite thanks to its massive room for growth. Still on its price discovery journey, it recently created a new ATH, leaving token holders wide-eyed with excitement.

With further room for growth, there is more to look forward to in 2024—a potential bull market. To avoid FOMO (fear of missing out), now might be a great time to double down on Celestia to ride its massive bullish wave.

Besides its staggering upside potential, another aspect of its appeal is the critical role it plays in the crypto space. As the first modular blockchain network, Celestia allows users to deploy blockchains with minimal overhead. This will contribute to demand, further bolstering its case as a good crypto to buy.

 

Jupiter (JUP): Preparing For a Bounceback

Jupiter (JUP) burst into the crypto scene following a successful token airdrop—the biggest so far in 2024. Its emergence adds to the competition in the DeFi (decentralized finance) world, as it will play a key role within the niche. As one of the industry’s most advanced swap aggregation engines, it will deliver essential liquidity infrastructure for the Solana ecosystem.

Basking in the spotlight, it is preparing for a bounceback following the dip that ensued after its massive airdrop. With profit-taking decreasing and new investors entering the market, Jupiter’s rally will be any moment from now, making it one of the best cryptos to buy now.

Given its massive room for growth—a new crypto with a low market cap—Jupiter is a bullish wave not to miss out on. Simply grab a bag to ride this wave and position yourself for significant gains.

 

Conclusion

The trending altcoins currently enjoying the spotlight are Jupiter, Celestia, and NuggetRush. Buzzing with potential, these cryptocurrencies are offered on top exchanges besides NuggetRush. If you wish to become an early NUGX holder or adopter, click the link below.

Visit NuggetRush Presale Website



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