Date: Wed, Sept 18, 2024, 08:32 AM GMT
In the cryptocurrency market today, one early SHIB investor is making headlines again, this time for betting big on the memecoin First Neiro On Ethereum $NEIRO . Over the past 7 days, NEIRO has surged by an incredible 1800%, fueled by its recent listing on Binance, the world’s largest crypto exchange. This massive rally has put the token in the spotlight, drawing attention from investors and traders alike.

Source: Coinmarketcap

Today, Spotonchain monitoring reported that this seasoned whale, who once pocketed a jaw-dropping $145 million from Shiba Inu ($SHIB) during the 2021/22 bull run, has made another bold move. The investor swapped 1,003 ETH (worth $2.31 million) for 2.86 billion NEIRO tokens in just the last hour, despite the memecoin already being up 17x from its earlier price.

This early SHIB buyer swapped 1,003 $ETH ($2.31M) for 2.86B $NEIRO in the last hour, despite the x17 pump!

Though the whale made $145M from $SHIB in 2021/22, 2 out of its 3 recent trades, including #NEIROETH and the 2nd $SHIB trade, haven’t been as successful, resulting in… https://t.co/Rh1SIhTtN4 pic.twitter.com/LXajvUQM1t— Spot On Chain (@spotonchain) September 18, 2024

However, the whale’s recent trading record hasn’t been as successful as their SHIB glory days. Out of the last three significant moves, two trades—one involving NEIRO and the other another SHIB deal—have resulted in losses totaling $13.48 million. Despite these setbacks, the whale made a smart pivot on August 30, swapping their underperforming SHIB tokens for 3.114 million Fetch.ai ($FET) tokens. As of now, this FET position is showing an unrealized profit of $715,000, up by 20.7%.
While the crypto market is known for its volatility, this whale’s track record of taking high-risk, high-reward positions continues to capture the market’s attention.
Get More Updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
#NEIRO #firstnerioonetherium #MEMECOINS

The UK Financial Conduct Authority (FCA) has issued new guidance focusing on the social media financial promotions of crypto companies and influencers (finfluencers) in the country. The FCA emphasized that many people are unaware that promotion memes are endorsements for crypto companies, which are subject to advertising rules. Therefore, the FCA highlighted that any promotion, regardless of its form of communication, could be considered a financial promotion.

Crypto investments, considered high-risk, are permitted to be advertised to retail investors by the FCA, but specific requirements such as risk warnings and banning investment incentives are imposed. According to the FCA, 69% of financial promotions on authorized companies' websites or social media were amended or withdrawn after regulatory intervention in the fourth quarter of 2022.

FCA's Concerns:

One of the main reasons for the FCA's issuance of this guidance is the increasing number of finance-focused influencers promoting financial products to young audiences without sufficient knowledge. Referring to a report that showed over 60% of individuals between the ages of 18 and 29 follow social media influencers, with 75% trusting their advice, the FCA indicated that young people can be influenced through social media sponsorships. #MEMECOINS

Furthermore, based on a survey conducted by the FCA in 2021, 58% of participants under the age of 40 cited social media enthusiasm and news as the reason for investing in cryptocurrencies, which the regulator considers a high-risk situation.

Guidance and Warnings:

The FCA aims to provide marketers with clearer expectations regarding promotions through this updated guidance, which builds upon the 2015 guidance. Specific warnings have been issued regarding disclaimers in crypto memes and the legal consequences for financial influencers promoting products without sufficient knowledge.

The FCA stressed that promoting financial products without adequate expertise could lead to serious legal consequences, including up to two years in prison, an unlimited fine, or both. It should be noted that this law applies not only to promotions originating outside the UK but also to promotions that could affect the country. #pepe #SHIBAINU #DOGECOIN $PEPE $DOGE $SHIB

In Summary:

The FCA's proposed guidance seeks to regulate the financial promotions of crypto companies and influencers, ensuring compliance with advertising laws. Its primary objective is to protect the influence of social media sponsorships on young individuals and encourage them to become informed investors. By increasing awareness of the legal and financial risks associated with influencers promoting financial products without sufficient knowledge, the FCA promotes financial security. #FCA

Good morning, and welcome to "Morning Crypto News." Today, we bring you the latest updates from the cryptocurrency market, where stability prevails despite some noteworthy developments. Let's dive in!

Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), the major players in the crypto space, are experiencing minor oscillations, remaining relatively stable at the start of the day. While market uncertainties loom, these cryptocurrencies continue to hold their ground.

However, amidst this market tranquility, the cryptocurrency community is abuzz with controversial remarks made by Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC). Gensler's recent comments have ignited a heated debate within the industry. He stated, "We don't need cryptocurrencies," opening a free war against the crypto space, criticizing the crypto industry's compliance with regulations, and expressing concerns about the combination of functions seen in crypto exchanges. Gensler drew a hypothetical parallel with traditional finance, citing the New York Stock Exchange operating a hedge fund.

As Gensler's remarks continue to reverberate within the crypto community, the market presents an interesting contrast. While the major cryptocurrencies maintain their stability, it's the meme tokens that are capturing attention with their impressive growth.

Among the gainers of the day in the Binance Top Gainers list, we find notable meme tokens showcasing significant surges with almost 200% up.

While the market remains stable overall, the ongoing debates surrounding cryptocurrency regulations and the growing popularity of meme tokens add an extra layer of intrigue to the crypto landscape. It is essential for investors and industry observers to closely monitor these developments and their potential impacts on the broader market.

That concludes our morning crypto news update. Stay tuned for further updates, follow me, and post your questions here throughout the day as we continue to track the latest trends and events in the dynamic world of cryptocurrencies.

#BTC #Binance #MEMECOINS

In the galaxy of token memes that have taken hold in recent months, among scam and non-scam projects, a bizarre token that caught my attention 2 months ago named HUNDRED stands out.

Hundred calls itself an " ANTI-PAPER HANDS " token, why?

When you buy HUNDRED it will automatically prevent you from selling for 100 hours.

For the creator of the token this is the only way to avoid speculation on the price of the token as happen for $PEPE or other meme tokens.

A major innovation could come with a market cap of $1m, currently at $483k.

The development team, states that should it reach that milestone, they would implement a staking section for all meme token holders.

New updates soon!

** NOT FINANCIAL ADVICE**

#Binance #BINANCEFEED #crypto2023 #MEMECOINS

Many people think that meme-based asset price rises are bubbles and speculation. In particular, investors with knowledge of the asset management business have a stronger mindset that the appropriate value of an asset should be based on cash flow, and tend to think that an asset without cash flow is a speculative asset with no intrinsic value.

Of course, there are cases where a valuation method based on cash flow is appropriate depending on the type of asset. However, the dichotomy in which the value of an asset is limited solely to the existence of cash flows and that no cash flows are worthless is a very narrow way of thinking. This can be easily seen through examples around us. The asset class referred to as “alternative investment,” which the asset management industry has been actively incorporating into asset portfolios since the 2000s, includes assets that do not have regular cash flows, such as precious metals and crude oil. Art and expensive wines, which have been used by the wealthy for generations to store their wealth, are also non-cash-flowing assets. If you broaden your horizons just a bit like this, it's easy to see that the sources of asset value are very diverse

A broader discussion of the fair value of assets requires an open mindset that moves away from the binary and one-dimensional approach. As Figure 4 showed earlier, ‘value’ is a subjective and situational concept that is not absolute and objective. Again, for example, art objects or expensive wines, these are culturally based assets. Those who do not share this culture feel no value. This is because value is a social and cultural phenomenon created in human interaction

From this point of view, it is rather natural that meme-based assets have value. The fact that mankind gave value to shells, gold, and silver in the beginning and used them as currency, and the act of some young people in Korea today trading shoes with a specific story at high prices are extensions of the most humane acts that have lasted for at least 10,000 years. It is a common social phenomenon in

BUT! !BE !CAREFULL ! MEME IS ONLY MEME!

#MEMECOINS

In a recent video update, popular crypto market commentary show “Altcoin Daily” told the channel’s over 1.31 million subscribers that the price of highly popular meme-based cryptocurrency Dogecoin (DOGE) is about to “explode”, and here were the reasons they gave:

Surge in Transactions: One of the key indicators of Dogecoin’s potential for growth is the significant increase in its daily transaction volume. The video highlights that Dogecoin has consistently confirmed over a million daily transactions, surpassing Bitcoin and Ethereum. On May 27th, 2023, Dogecoin reached a milestone of processing over 2 million transactions in a single day. This surge in transactions indicates a growing use of Dogecoin for transfers, which could potentially drive up its price.

Introduction of DRC20 Tokens: The video attributes the surge in Dogecoin transactions to the introduction of DRC20 tokens, which are similar to BRC20 tokens minted on Bitcoin’s blockchain. This development has expanded the functionality of the Dogecoin network, allowing for the creation of custom tokens. This could attract more users and developers to the platform, increasing demand for Dogecoin and potentially driving up its price.

Increase in Hash Rate: Another positive indicator for Dogecoin is the notable uptick in its hash rate over the past few weeks. The hash rate measures the computational power being used to secure the network. An increase in the hash rate indicates a healthy and strong network, suggesting that more miners are supporting Dogecoin. This increased network security could make Dogecoin more attractive to investors, potentially driving its price.

Bollinger Bands Indicator: The video also points to a technical analysis indicator called Bollinger Bands bandwidth, which suggests that Dogecoin’s price could make a pronounced move in either direction. Given the other positive indicators, the video indicates that an upward move is more likely. If this prediction holds true, it could result in a significant increase in Dogecoin’s price.

Historical Market Trends: The video mentions that historically, a pump in Dogecoin’s price usually precedes a bull market in the broader crypto cycle. If this pattern holds true, a rise in Dogecoin’s price could signal a broader market rally, potentially leading to further increases in Dogecoin’s price.

#DOGECOIN #MEMECOINS #BinanceTournament

The week is starting off on the wrong foot for the crypto industry's second largest meme coin, Shiba Inu (SHIB). The meme coin has seen a dramatic reversal in its burn rate, which at the time of writing has slumped by 96.38%, per data from Shibburn. Within this time frame, just about 4.5 million SHIB tokens had been sent to dead wallets over the past 24 hours.

The poor start to the week was also extended to its price action. At the time of writing, SHIB is changing hands at a price of $0.000008538, down by 1.43% over the past 24 hours. The growth rate for the week has also fallen by 2.80% to showcase slowing sentiment for the token in the short term.

While its short term growth outlook appears bleak, Shiba Inu has promising tendencies to correct its current bearish trend owing to some of the innovations currently developing.

The Shibarium protocol is one of the major Layer 2 protocols that is yet to go live on the mainnet; however, the team behind the protocol are working assiduously to ensure the transition from its current Puppynet Testnet to the mainnet takes place as soon as possible.

Shiba Inu and projected trend reversal

As one of the most volatile digital currencies, there is arguably no growth pattern that will be permanent, as far as Shiba Inu is concerned.

As such, we can expect there to be a recovery in both the burn rate and the price of the meme coin as the week journeys on. We can use the extent of last week's milestones to project what might be this week and, as such, the SHIB burn rate is expected to beat the more than four billion tokens sent to dead wallets last week, as reported by U.Today.

#SHIBAINU #MEMECOINS #BinanceTournament