Latest Meme Coin News and Insights | Yellow.com

Meme coins are set to dominate the cryptocurrency market in a way nobody expects. This is according to Chris Burniske, a veteran investor in the space. Burniske, a partner at venture capital firm Placeholder, shared his insights on social media platform X. Meme coins are cryptocurrencies inspired by internet memes or jokes, they often gain popularity through social media hype. Dogecoin and Shiba Inu are well-known examples. Burniske believes meme coins will exceed expectations in the current market cycle. He cites their "tendency to trigger" as a key factor. This refers to their ability to spark sudden, viral interest. "The cultural relevance some NFT collections garnered in 2021 will be surpassed by some meme coins," Burniske stated. He added, "Not here to endorse a horse, but the trend is clear." The crypto veteran also expressed optimism about non-fungible tokens (NFTs). He predicts a shift in focus for the NFT market. Burniske sees a move away from profit-driven profile picture collections. "True art and creative utility will come into better focus for NFTs," he said. Burniske envisions an "NFT renaissance" on the horizon. This shift could reshape digital communities. Burniske explained, "This segmentation will ultimately allow builders/creators to better speak to their tribes, and consumers to better diagnose the motivations behind the digital tribes they join." Burniske's bullish stance extends beyond meme coins and NFTs. Last month, he noted favorable conditions for crypto as an asset class. He pointed to improved infrastructure and increased user growth. "It's not just favorable rates and liquidity that are promising for our asset class," Burniske remarked. He highlighted "maturation of the infrastructure" and "builder experimentation with apps" as positive factors. Current market data supports Burniske's observations as meme coins boast a total market capitalization of $53.573 billion. NFTs trail behind with a $24 billion valuation. These figures underscore the growing significance of meme coins in the digital asset ecosystem. Most of the well-known meme coins last week behaved rather underwhelmingly; one notable exception was Popcat, which showed an explosive climb.

Solana-based meme coin MYRO is attracting attention from crypto analysts. They suggest it could be the next token to reach a $1 billion market cap, while predictions emerge of a potential 200% price surge. Crypto analyst CobraVanguard shared insights on TradingView. He noted MYRO is forming a falling wedge pattern on daily charts. A breakout from current resistance could trigger significant upward movement. CobraVanguard expects the price to reach the 0.618 Fibonacci level at $0.2. This would push MYRO's market cap above $200 million and pave the way for the coveted $1 billion valuation. Another analyst, SwallowPremium, echoed this bullish sentiment. He stated that surpassing the $0.2 mark could lead to further price increases. MYRO's all-time high stands at $0.4, achieved in March 2024. Reaching the previous peak would put MYRO's market cap over $400 million. This scenario strengthens the community's belief in the potential $1 billion valuation. Analyst Yzzz predicts an imminent price breakout for MYRO. He noted on social media platform X that Bitcoin's upward movement could catalyze MYRO's surge. He observed that MYRO's chart has been primed, having bottomed out with time-based capitulation occurring. MYRO has already secured listings on major exchanges Binance and Bybit for perpetual trading. Yzzz highlighted this as a significant achievement. He pointed out that MYRO is the Solana-based meme coin with the lowest market cap to attain this status. The analyst believes MYRO's presence on major centralized exchanges will drive further price appreciation. In a bold claim, Yzzz suggested MYRO could soon outperform Dogwifhat (WIF), currently the leading Solana meme coin. He noted that both tokens have traded similarly for some time. However, Yzzz expects this dynamic to shift in MYRO's favor. As with all cryptocurrency investments, caution is advised. While analyst predictions are optimistic, the volatile nature of meme coins and the broader crypto market should be considered. Investors are encouraged to conduct thorough research before making investment decisions.

Mark Cuban, billionaire investor and crypto advocate, has issued a stark warning about meme coins. Speaking on the Rug Radio podcast, Cuban expressed deep skepticism about the meme coin market. He did not mince words and likened it to a game of "musical chairs". Cuban also stated that all meme coins are essentially drawn-out rug pulls. These digital assets, he claimed, have no real-world value. "It's like playing roulette," Cuban said. This comparison highlighted the speculative nature of meme coin investments. Cuban emphasized the lack of staying power in these tokens. He acknowledged the strong community backing of meme coins. However, he maintained that this support does not equate to longevity. "Every single meme pool is a rug pull in the works," Cuban explained. The billionaire pointed out a crucial flaw in meme coin markets. Their value, he argued, relies solely on more people buying in and this creates a risky environment for investors. Cuban invoked the Greater Fool Theory in his criticism. This theory suggests that profits depend on finding someone willing to pay a higher price for an asset, and it applies regardless of the asset's intrinsic value. In crypto markets, "whales" play a significant role. These are individuals or entities holding large amounts of cryptocurrency. Whales can significantly influence market movements. Some early Bitcoin adopters became whales, with addresses holding thousands of BTC worth millions today. Cuban admitted to feeling tempted by memecoin trading. However, he has never acted on these impulses. He strongly cautioned others against seeking quick profits in these markets. Despite these warnings, 2024 has seen explosive growth in meme coins. Over 381,000 new tokens were created on the Solana network in just one month. It's worth noticing that many of these coins quickly lose almost all their value. Pump-and-dump schemes are common in the meme coin space, targeting unsuspecting traders. Celebrity-backed meme coins have faced particular criticism for promoting these markets. Some meme coins have briefly captured traders' attention. PEPE and Dogwifhat (WIF) are examples. PEPE gained 30% in late September. However, such gains are often short-lived. By early October, both PEPE and WIF had lost their recent gains. This volatility underscores Cuban's warnings about the meme coin market. It serves as a reminder of the risks inherent in these speculative assets.

Solana's token landscape is undergoing a significant transformation. Over half of all tokens on the blockchain now originate from Pump.fun, a meme coin launchpad. This shift marks a potential return to the meme coin frenzy that previously drove Solana's price to record highs. Recent data reveals a surge in meme coin creation on Solana. In the past 24 hours alone, over 11,800 new tokens were deployed via Pump.fun. However, only 193 achieved listing on Raydium, Solana's decentralized exchange. And the trend is accelerating. An on-chain analyst noted that meme coins from Pump.fun now account for 51% of all Solana tokens. This represents a significant shift in the blockchain's token composition. Despite the high failure rate, successful meme coins are generating substantial value. Coingecko reports that Pump.fun-originated tokens boast a combined market capitalization exceeding $1 billion. In a single day, these tokens generated over $307 million in trading volume. Moo Deng leads the pack with a market cap of $182 million. MICHI and MOTHER also demonstrate high liquidity among Pump.fun's offerings. The meme coin resurgence could boost Solana's native SOL token. Previous bull cycles saw SOL prices soar above $200, largely driven by meme coin activity. Notable examples include BONK and WIF, which achieved substantial market caps. However, concerns linger. Earlier this month, the Pump.fun address began selling SOL tokens. On September 12, they offloaded 9,940 SOL, worth approximately $1.33 million. Lookonchain reported that Pump.fun had sold over 270,000 SOL by that date. It remains unclear if further sales are planned. Despite these sales, Pump.fun continues to generate significant revenue. Dune Analytics data shows the platform has earned over $111 million to date. As of September 27, SOL trading remains steady. The token is recovering from a late July slump that saw prices drop to $130 in early August. While gains have been modest, SOL is showing resilience in line with major competitors like Bitcoin, BNB, and Ethereum.

Dogwifhat investors shift focus to an unknown coin Crypto All-stars as WIF faces resistance. Some even say it's the next big thing in meme coins. The cryptocurrency market is witnessing a shift in investor focus. Dogwifhat (WIF), a popular meme coin, has seen a 20% surge this week. Its price now hovers above $2.00. This surge has attracted attention from investors seeking high-potential opportunities. However, WIF is approaching a key resistance level. This has prompted some investors to look elsewhere. And many are surprisingly turning to Crypto All-stars (STARS), a new initial coin offering (ICO). STARS is currently priced at less than one cent and has already gained traction in meme coin trading communities. The project offers a staking protocol designed for major meme coin holders. Investors can lock their assets in the project's "MemeVault". In return, they receive STARS tokens as yield. The system incentivizes early participation, but what's more important the holders of more STARS tokens receive higher yields. This model has attracted considerable interest. Over $1.6 million has been committed to the project so far. The current price of STARS is $0.001465, but this price is expected to increase as the presale progresses. Early participants claim to be enjoying high yields on their tokens. However, such claims should be treated with caution as cryptocurrency investments are known for their volatility and risk. The project has gained a following on social media. It boasts over 16,000 followers on X and more than 2,000 Telegram members. Several crypto influencers have discussed the project in their analyses. Some investors speculate that renewed interest in meme coins could benefit both WIF and STARS. They point to recent interest rate cuts by central banks as a potential catalyst. However, cautious investors may take profits as WIF approaches resistance. Many are likely to seek new opportunities in presales and emerging projects. As always, potential investors should conduct thorough research. They should carefully consider the risks involved in cryptocurrency investments. The meme coin market, in particular, is known for its volatility and unpredictability.