The DeFi Report - Sponsor Image The DeFi Report - Industry-leading crypto research trusted by finance pros. Friend & Sponsor Learn more


Why Memecoins are Exploding
Published on Mar 4, 2024

Sponsor: SynFutures — Trade perps on SynFutures V3 and earn 3X airdrop rewards:

.  .  .
NEED TO KNOW
So Freaking Close
  1. 🟠 BTC nears USD high. Bitcoin Bitcoin surpassed its Euro-denominated all-time high on Monday, but all eyes are affixed on overcoming its previous USD high.
  2. 👽 $16M CryptoPunk sale. The NFT space is hoping for its own bull run; could the second-highest CryptoPunk sale ever kickstart it?
  3. 🐶 Memecoin surge. Could memecoins bring in serious retail excitement? Investors hope so, pumping up the prices of DOGE, SHIB, BONK, and PEPE PEPE in massive 24hr upward swings.
.  .  .
TODAY IN MARKETS
Why Memecoins are Exploding

📊 March Memecoin Madness. Bitcoin price held steady at $62k throughout Saturday but resumed its ascension towards all-time highs on Sunday, gaining nearly 10% before topping out at $67.5k and leaving BTC within inches of uncharted price territory… 

As the Risk Rally continues across broader crypto markets, signs of heavy retail participation are making themselves abundantly evident, with popular memecoins surging to life and posting triple-digit gains on the week! 

Prices as of 5pm ET 24hr 7d
Crypto $2.48T ↗ 4.8% ↗ 18.7%
BTC $67,297 ↗ 7.1% ↗ 23.2%
ETH $3,576 ↗ 2.8% ↗ 12.2%
.  .  .
ANALYSIS
What Do Investors See in Ethena?
Bankless Author: Jack Inabinet

Ethena Ethena has cemented itself as a major trending opportunity in crypto, but what are the risks?

Ethena Labs opened deposits into its synthetic dollar stablecoin to the public on February 19, injecting itself into the mind space of practically everyone on Crypto Twitter in the process.

Today, we’re discussing what Ethena does and dissecting the protocol’s risks to help you make an informed decision about whether aping this opportunity is the right play for you! 👇


FRIEND & SPONSOR: SYNFUTURES

SynFutures is Blast’s largest perps DEX with 140,000+ users. Backed by Pantera, Polychain, Standard Crypto, and more, V3 introduces oAMM, an onchain order book with a CLAMM. Stack Blast and SynFutures rewards while experiencing the most capital-efficient trading in DeFi derivatives.

.  .  .
LATEST POD
The Stablecoin King

Everyone has an opinion about Tether.

But what does Paolo think? Paolo Ardoino is the CEO of Tether, the $100 billion stablecoin company that owns more U.S. Treasuries than most countries.

We explore why Tether is winning and what really backs $USDT. We also cover the state of stablecoin regulation and market competitors.

.  .  .
AIRDROP HUNTER
Latest Hunt: Pacmoon

It's Airdrop – and Memecoin – season!

Everyone is chasing memecoin profits at the ground floor. Pacmoon is aiming to fair-launch its "community coin" on the newly debuted Blast mainnet. We think there could be an opportunity, and we've added three quests for the memecoin to Airdrop Hunter.

Check them all out! 👇

.  .  .
GO BANKLESS
Earn Airdrops!

Many Bankless Citizens who completed the Jito quests in our Airdrop Hunter app just earned five-figure airdrop paydays!

It's airdrop season, and plenty of other protocols are preparing to reward early users. Get on their lists. Start hunting!


No Responses

Ni conseil financier ni fiscal. Le contenu Bankless est strictement éducatif et ne constitue pas un conseil en investissement ni une sollicitation à acheter ou vendre des actifs ou à prendre des décisions financières. Cette newsletter ne constitue pas un conseil fiscal. Parlez-en à votre comptable. Faites vos propres recherches.

Divulgation. Il peut nous arriver d’ajouter des liens vers des produits que nous utilisons dans cette newsletter. Nous pouvons recevoir une commission si vous effectuez un achat via l’un de ces liens. De plus, l’équipe Bankless détient des actifs crypto. Consultez nos divulgations d’investissement ici.

Ce site est protégé par reCAPTCHA.

Lire Bankless en : English - Spanish - German - French

Ni conseil financier ni fiscal. Le contenu Bankless est strictement éducatif et ne constitue pas un conseil en investissement ni une sollicitation à acheter ou vendre des actifs ou à prendre des décisions financières. Cette newsletter ne constitue pas un conseil fiscal. Parlez-en à votre comptable. Faites vos propres recherches.

Divulgation. Il peut nous arriver d’ajouter des liens vers des produits que nous utilisons dans cette newsletter. Nous pouvons recevoir une commission si vous effectuez un achat via l’un de ces liens. De plus, l’équipe Bankless détient des actifs crypto. Consultez nos divulgations d’investissement ici.

Ce site est protégé par reCAPTCHA.

Rechercher sur Bankless