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#RekomendasiTop5MemeCoin #FLOKI🔥 #SHİB
$Best Meme Coins of 2024 Shortlist

ButtChain (BUTT): Humorous new meme coin that stands out as the first dynamic liquidity meme coin on Polygon.
Dogecoin (DOGE): Popular meme coin featuring Shiba Inu.
Shiba Inu (SHIB): Dogecoin-inspired token with community support.
Floki (FLOKI): Meme coin named after Elon Musk’s dog.
Popcat (POPCAT): Meme-based cryptocurrency with viral appeal.

What makes meme coins successful?

Meme coins, with their lighthearted themes and internet roots, have become a surprising force in the crypto world. But what makes them take off? There’s no magic formula, but a few key ingredients keep popping up.

Community is King: Strong, passionate communities fuel meme coins. Dogecoin’s “Doge Army” is a prime example, spreading awareness and advocating for the coin.
Catchy and Relevant: Meme coins often riff on popular internet jokes or cultural references. Shiba Inu taps into the Shiba Inu dog breed’s popularity, while ButtChain leverages various viral characters. These connections create instant recognition and spark interest.
Celebrity Influence: A celebrity endorsement can send prices soaring (see Elon Musk and Dogecoin). But be warned, it’s a double-edged sword – a negative comment can cause a plunge.
Beyond Hype, Utility Matters: While hype fuels initial success, true staying power requires more. Some meme coins, like ButtChain are exploring ways to solidify liquidity and push for long-term trading once a presale coin opens to the public.

Independent Custody Wallet

After creating a bank account on the SafePal mobile wallet, credentials are minted as NFTs on Arbitrum (Ethereum Layer 2 rollup), ensuring all related transactions are recorded securely and transparently on-chain. "Visa crypto cards are also linked to third-party payment platforms such as Paypal, Google Pay, Apple Pay and Samsung Pay," he explained.

SafePal currently operates as an independent custody wallet, and claims to have around 10 million users worldwide. Shortly after the crypto winter of 2021-2022, Veronica Wong said that the malpractices of centralized platforms had indeed driven the adoption of self-custody solutions, in order to strengthen the implementation of self-management for assets.

Since the fall of centralized financial entities like FTX and Celsius, self-custody wallets have grown in popularity. On December 7, 2023, Jack Dorsey Block launched a self-custodial wallet solution with access in over 95 countries.

On August 10, 2023, cross-chain wallet BitKeep changed its name to Bitget Wallet after securing a USD 30 million investment from the exchange to develop its multi-chain exchange platform.

#EthereumUpdate $ETH

Switzerland Will Issue Global Crypto Tax Reporting Standards

Previously, the highest authority in Switzerland issued a public consultation regarding plans to adopt global standards for crypto tax reporting to ensure the same treatment as traditional assets.

The Federal Council, a group of seven members who collectively lead the Swiss government, intends to implement the Crypto Asset Reporting Framework (CARF) to increase tax transparency.

On May 15, the Federal Council launched a consultation paper to gauge public sentiment around joining the Automatic Exchange of Information (AEOI), a collaboration between international tax administrations to fight tax evasion. Switzerland's extension into the AEOI is currently scheduled for January 1, 2026.

The Organization for Economic Co-operation and Development (OECD) established AEOI and other initiatives for the Group of 20 (G20) countries, which were later expanded to include other countries.

Switzerland previously adopted the OECD Common Reporting Standards (CRS) in 2014, but ignored CARF, which regulates the handling of crypto assets and their providers.

"The implementation of CARF will expand Switzerland's progressive crypto market regulation and help maintain the credibility and reputation of the Swiss financial center," said Fewan Federal, quoted from Cointelegraph, Monday (20/5/2024).

However, implementation of CARF requires parliamentary approval and cannot be based solely on responses to consultation documents. By 2027, nearly 50 countries are expected to fully adopt CARF regulations to help each other fight money laundering.

Swiss federal authorities intend to bridge the gap in tax transparency mechanisms and ensure equal treatment of traditional assets and financial institutions.

#cryptocrunchapp

PEPE Coin Strengthens 2 Digits in a Day, Here's Its Performance

#PEPE/USDT is a deflationary memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the internet meme character Pepe the Frog, created by Matt Furie, who gained popularity in the early 2000s.

Reporting from Coinmarketcap, this project aims to capitalize on the popularity of meme coins, such as Shiba Inu and Dogecoin, and seeks to establish itself as one of the top meme-based cryptocurrencies.

PEPE appealed to the cryptocurrency community by instituting a no-tax policy, a redistributive system that rewards long-term shareholders, and a burning mechanism to maintain the scarcity of PEPE coins.

PEPE's roadmap features three phases, where phase one includes a listing on CoinMarketCap, and trended $PEPE on Twitter, while phase two includes a listing on a centralized exchange (CEX) and phase three includes a tier 1 exchange listing.

Based on data from Coinmarketcap, Wednesday (22/5/2024) PEPE Coin still strengthened by 25.04 percent in the last 24 hours and 24.91 percent in the week. The PEPE Coin price is currently at IDR 0.2214 with a trading volume in the last 24 hours of IDR 60 trillion.

PEPE Coin has a market capitalization of around IDR 93 trillion. To date, there has been a circulating supply of 391.7 trillion PEPE Coins out of a maximum supply of 420.6 trillion

#PEPERunToTheMoon #PEPE/USDT #CoinTrendingTopic $PEPE

Dissecting Crypto #DOT Coin and Its Price Movement

Polkadot is an open source multichain sharding protocol that makes it easy to send cross-chain data or any type of asset. Polkadot's native cryptocurrency, DOT Coin is not just a token, allowing multiple blockchains to interoperate with each other.

Polkadot's original #DOT token has three clear goals, namely managing network governance and operations, as well as creating a parachain (parallel chain) through bonds.

Polkadot was founded by the Web3 Foundation, a Swiss institution founded to facilitate a fully functional and user-friendly decentralized web, as an open source project.

The founder is Dr. Gavin Wood, Robert Habermeier, and Peter Czaban. Wood, president of the Web3 Foundation, is the most well-known of the three thanks to his industry influence as co-founder of Ethereum, founder of Parity Technologies, and creator of the Solidity smart contract coding language.

In trading Wednesday (22/5/2024) #DOT Coin performed quite well. The following is the performance. Based on Coinmarketcap data, the price of #DOT Coin is IDR 122,377 with a 24-hour trading volume of around IDR 4.4 trillion.

DOT strengthened 2.29 percent in the last 24 hours. The current market capitalization of DOT Coin is IDR 175.9 trillion. To date, there has been a circulating supply of around 1.43 billion DOT Coins out of a maximum supply of 1.43 billion #DOT Coins.
$DOT

*Crypto Market Experiences Rally, Ethereum ETF Optimism Becomes Driving Force*

One of the drivers of this rally is investor optimism amid speculation regarding the approval of an Ethereum Spot ETF by the US Securities and Exchange Commission (SEC)

Based on data from Coinmarketcap on Tuesday morning, ETH rose 4.10 percent in the past day and 31.75 percent in the week. That way, currently ETH is at the level of USD 3,799 or around IDR 60.84 million per coin (assuming an exchange rate of IDR 16,004 per US dollar).

The US market watchdog will give its verdict on several spot ether ETF applications this week. Analysts and investors said Tuesday's price spike was the result of unconfirmed talk the SEC might approve these products, after investors previously thought they would be rejected.

Bitcoin rallied sharply earlier this year after the SEC gave approval to several spot bitcoin ETFs, which have generated billions of dollars in inflows. So far in 2024, bitcoin has gained 67%, but ether is now close behind, with a gain of 60%.

Global market strategist at eToro, Ben Laidler said Ethereum has taken the lead in the latest crypto rally ahead of Thursday's final SEC deadline to decide on an ETH ETF.

“Direct approval is still difficult to achieve, but any guidance regarding the path to eventual acceptance would be a big step forward,” Laidler said as quoted by Yahoo Finance, Wednesday (22/5/2024).

VanEck, ARK Investment Management and seven other issuers have filed with the SEC to register a spot ether ETF. The SEC must rule on VanEck and ARK's filings, which are first in line, on May 23 and May 24, respectively.
#Ethereum #ETH/USDT #ETHETFS $ETH

$ETH This is the Impact of Ethereum Spot ETF Approval on Cryptocurrencies

The approval of a spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) in January 2024 triggered a sharp rise in Bitcoin prices. Additionally, attention on spot Ethereum ETFs is also increasing.

The reason is, if approved, it is predicted that this could also trigger an increase in the cryptocurrency market. However, is there a chance to make money on the eve of the spot Ethereum ETF approval decision scheduled for May 23, 2024?

In the spot market, assets such as commodities, currencies, and securities are exchanged and received on the spot. The same is true for this highly anticipated spot Ethereum ETF, as it offers an easier and more transparent approach than futures ETFs that purchase derivatives without directly owning the assets.

By purchasing cryptocurrencies directly, ETFs track the price of the underlying cryptocurrency more accurately. Because the purchasing process is easier, such investments offer greater profitability and lower management costs. This is the reason for the huge public interest surrounding the approval of a spot Ethereum ETF, which is scheduled for May 23, 2024. So, what's with this approval?

The US Securities and Exchange Commission (SEC) remains concerned that cryptocurrencies are often involved in fraud, can cause speculative bubbles, and have investors starting to assume that these types of currencies will be safer once approved. The new spot Bitcoin ETF was approved after the US Court of Appeals ruled against it in August 2023, which then forced it to take action.

#ETFUpdate #ETFNews #ETHETFNews

$NOT debuted as a Telegram Mini App in late 2023. The game allows users to mine NOT tokens by playing a simple game. Without much marketing, Notcoin managed to attract 35 million users. Players earn in-game currency by tapping the Notcoin icon on their phones, which is now converted into $NOT tokens at a ratio of 1000:1 for all users with a connected TON wallet.

Furthermore, the launch of Notcoin on the TON blockchain was marked by a massive airdrop of over 80 billion NOT tokens. These tokens will be distributed among participants, encouraging widespread adoption. Prior to the token creation event, pre-market trading of Notcoin began via NFTs in March. Nearly 800,000 NFT vouchers were minted at the end of the mining phase on April 1.

With a base price of around $12 and trading volume of $3.8 million, this NFT is the fourth largest NFT collection on the TON blockchain. Now, this NFT voucher can also be exchanged for #NOT tokens at a ratio of 1000:1.

A total of 7,953,370,000 tokens can be exchanged by NFT voucher holders. Eligible users can claim tokens via the Notcoin app and withdraw them on-chain.

The total supply of #NOT is 102,719,221,714 tokens. The team allocated 78% of this to miners and NFT voucher holders, with the remaining 22% (22.5 billion NOT) reserved for new users, traders and future development activities.

Notcoin previously announced that 100% of #NOT tokens would be distributed to “miners” in a distribution model similar to Bitcoin, with an average allocation of 0.0003%.

Notcoin is not resting on its laurels with its current success. The development team plans to continue engaging users with giveaways and initiatives using the #NOT token.

They also plan to introduce trading bots for TON-based tokens. Initiatives like Open Builders will help bring new users to the TON blockchain, driving innovation and growth.

The crypto market experienced a decline today, Monday (20/5/2024) amidst the wait and see attitude of market players and concerns about tensions in the Middle East.
Referring to CoinMarketCap on Monday (20/5/2024) at 06:15 WIB, the crypto market fell collectively. Bitcoin weakened 1.03% to US$66,286.17 even though it was in the positive zone of 7.91% on a weekly basis.

$ETH is in the red zone 1.45% in the last 24 hours even though it rose 4.76% in the week.

$BTC had penetrated the psychological level of US$67,000 but today it fell again. The surge in bitcoin prices cannot be separated from expectations of a cut in interest rates by the United States Central Bank (The Fed) as a result of lower US inflation in April 2024, namely at 3.4% year on year/yoy.

The crypto market, including Bitcoin, tends to weaken today amidst market players waiting on Wednesday (22/5/2024) for the Federal Open Meeting Committee (FOMC) minutes.

Earlier, some members commented that further interest rate hikes may be needed before April inflation data is released.

The Fed's minutes could still be a source of concern for investors because they contain details of the interest rate path.

On the other hand, the Iranian President's helicopter crashed, raising concerns that it would turn into an assassination story and increase Iran-Israel tensions. It's worth remembering how geopolitical risks adversely impacted risk markets, including crypto, just a few weeks ago.

#Binance #BTC #Ethereum