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Runes Protocol Dominates Bitcoin Network Amidst Price Slowdown

Saturday. July 13 at 4:30 AM

1 min. read

Bitcoin, Solana, Ethereum, and Cardano are experiencing a slowdown in prices due to recent sharp contractions. This drop has dampened enthusiasm and on-chain activity. However, amidst the market recovery, the Runes Protocol has emerged as a dominant force on the Bitcoin network. The protocol, introducing a new token minting standard, accounts for 69.1% of all recent transactions. This shift indicates a significant focus on capital movement within the network. Runes leverages Bitcoin's UTXO model to efficiently mint and manage non-fungible token-like inscriptions on-chain. Despite concerns about transaction fees and spam, miners welcome the increase in transactions as it boosts their revenue. The rise of Runes and inscriptions on Bitcoin, post-Halving, signifies a shift in network dynamics and user behavior, with potential implications for the future of on-chain activities.

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Rising Stars in the Sui Blockchain: Top 3 Memecoins to Watch

Wednesday. October 30 at 2:30 AM

The Sui blockchain, a prominent player in the Layer 1 sector, is gaining attention from crypto enthusiasts and investors. Sui's price has surged to around $1.7, marking a 120% increase in 2024. Sudeng ($HIPPO) emerges as a standout with its royal branding and active community, boasting a market cap of over $151 million. Fud the Pug ($FUD) is another memecoin making waves with its positive and fun approach. Suirum ($SUIR) stands out for its community-centric design and deflationary token model, aiming to empower users. The Suirum presale offers a chance for early investors to benefit from a 50% increase upon listing on Cetus Protocol. With established projects expressing interest, Suirum is positioned for significant growth. Don't miss out on this opportunity to be part of the SUI meme movement.

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Elon Musk's Influence on Meme Coins Amid Trump Rally Tour

Wednesday. October 30 at 12:00 AM

Twitter owner and Tesla CEO Elon Musk's involvement in Donald Trump's campaign tour has sparked a surge in meme coins. The micro-cap Solana token, launched through Pump.fun, saw a remarkable 10,000% spike, while other Musk-inspired tokens also experienced significant gains. Musk's appearances alongside Trump have fueled speculation about his potential role in the Department of Governmental Efficiency (D.O.G.E.) if Trump secures a second term. Dogecoin, with a ticker symbol identical to D.O.G.E., has seen a 20% increase in the past week and a 33% rise in the last month, reaching a five-month high of $0.17. Musk-inspired tokens, including Dogelon Mars (ELON) and Department of Government Efficiency (DOGE), have shown positive growth. Musk's endorsement of the Solana meme coin Toad led to a massive 10,000% surge in market cap, although it later stabilized at a higher value. Despite Musk's influence, the meme coin market continues to evolve, with various coins experiencing notable gains even without direct ties to Musk.

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AI Bot Developer Hacked to Promote Memecoin

Tuesday. October 29 at 10:30 PM

The creator of the AI-driven X account Truth Terminal was reportedly hacked to endorse a fake memecoin, resulting in a theft of over $600,000. On Oct. 29, Ayrey's X account posted about the launch of the Infinite Backrooms (IB) token, leading to a $25 million valuation. The wallet behind the token's deployment bought 124.6 million IB for $38,400 and sold them within 45 minutes, making a profit of $602,500. Despite the deletion of the tweet, Ayrey's account remained compromised, with hackers promoting new memecoins. Truth Terminal, known for boosting Goatseus Maximus (GOAT) to a $940 million valuation, operates autonomously. The bot received funding from Marc Andreessen and has sparked a trend of AI agents trading and discussing cryptocurrencies. This incident highlights the risks associated with AI manipulation in the crypto space.

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The Evergreen Promise of $LIFEDOG: Reshaping Memecoins

Tuesday. October 29 at 3:00 PM

Despite the recent success of memecoins like Shiba Inu, Dogecoin, and Floki, they lack the longevity factor that $LIFEDOG aims to provide. $LIFEDOG prioritizes its holders, emphasizing the importance of 'diamond hands' and unwavering community belief. The coin's foundation lies in unity towards a bright crypto future, aiming to resurrect all memecoins and initiate a new bull run. Unlike other dog-themed coins, $LIFEDOG seeks to absorb meme culture, combining strengths to create an evergreen coin. With celebrity endorsements and a goal of reaching a $10 billion market cap, $LIFEDOG focuses on real value and community-driven initiatives. The coin's utility extends beyond wealth creation, aiming to improve lives globally. By uniting for common goals, such as supporting Donald Trump's pro-crypto stance, $LIFEDOG embodies a vision of lasting impact in the crypto world. Website: https://www.lifedog.xyz/ X: https://x.com/LifeDogCoin Instagram: https://www.instagram.com/lifedogcoin/

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