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MEW: Another Memecoin on Solana Impresses Investors

Yet another memecoin on the Solana network has impressed investors as its Market Cap has surpassed 500 million in just a mere 5 days since its launch. This meme is called Cat in a Dogs World (MEW).

The cryptocurrency world has just welcomed a new phenomenon – a brand new meme coin called MEW (Cat in Dogs World) is making waves on the Solana network. Within just 24 hours, the value of MEW has surged by nearly 170%, becoming the center of attention for the cryptocurrency investment community.

The surprising allure of MEW

What’s noteworthy is that even major crypto whales are attracted to this emerging meme coin. According to a recent report, a Solana whale investor has transferred a large amount of funds from the “hot” BOME coin to MEW, causing a stir within the community. Specifically, this whale has accumulated up to 9.6 billion MEW tokens, accounting for 10.8% of the total supply, demonstrating strong confidence in the potential of the new token.

This event has sparked unprecedented excitement in the cryptocurrency investment world. Even before the whale’s pivot, BOME also experienced a significant price surge. Clearly, these fluctuations reflect the optimistic sentiment among investors and confidence in the profit potential of new meme tokens.

The “memecoin” race on Solana

MEW’s price breakthrough is seen as the next phase of the dizzying price trend that other meme coins like WIF, BONK, and BOME have experienced on the Solana network. This makes MEW a formidable com

Note: this is not a financial advice #Memecoins #SHIB #Solana⁩ #Write2Earrn #TradeNTell"
$SOL

Celsius Transferred 125 Million USD ETH to the Exchange

Many investors are concerned about Celsius' pressure to sell ETH, as they recently transferred a large amount of ETH to exchanges with an amount of 125M USD

According to data from Arkham, the cryptocurrency lending company Celsius, which recently filed for bankruptcy, has transferred 125 million USD worth of Ethereum (ETH) to Coinbase and FalconX exchanges, indicating a likely intention to sell in the market.
This is the second series of Ethereum sales by Celsius recorded in recent months. As reported by AZC.News, in December 2023, the company sold up to $243 million worth of ETH along with some other altcoins.

At the beginning of January 2024, Celsius announced its intention to start unstaking Ethereum to prepare for asset liquidation and repay debts to customers. Blockchain data indicates that the company has been staking nearly $800 million worth of Ethereum.

Organizations Accumulating Solana Following Firedancer Testnet Launch
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SOL has surged over 50% in the two weeks following the launch of the Firedancer Testnet, with organizations increasing their accumulation of this token.

Solana's recent surge, which saw SOL's value increase by over 50% in just two weeks, owes a substantial portion of its momentum to Coinbase, as per data provided by Paris-based Kaiko. Since October 25th, the cumulative volume delta (CVD) for SOL on Coinbase has surged by nearly $1 million, indicating a substantial influx of capital.

This positive CVD trend on Coinbase coincided with similar trends on Binance and Kraken earlier this week. However, the South Korean exchange Upbit has experienced negative CVD for the past two weeks.
The CVD metric is a valuable indicator of market sentiment, tracking the net difference between buying and selling volumes over time. Positive values signify a surplus of buying activity, while negative values point to the opposite.

Nonetheless, SOL's recent price gains have not yet translated into a significant increase in on-chain activity. In the past two weeks, the total value of assets locked in Solana-based DeFi protocols has decreased from 12.03 million SOL to 10.23 million SOL, the lowest level since April 2021, according to DefiLlama. While total value locked (TVL) is not a perfect metric, it is commonly used to assess the utilization of smart contracts.

Although there has been an uptick in volume on Solana-based decentralized exchanges and the number of active addresses on the network, these increases have not been substantial enough to justify the recent price gains, as highlighted by on-chain analyst Patrick Scott.

#SolanaPredictions
#SolanaRising
#CryptocurrencyForecast

Pi Network Releases V1 Roadmap: Pioneers' Feedback Key for V2 Planning
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Pi Network's V1 Roadmap offers a detailed insight into the project's evolution. It's divided into three main phases, each carrying a set of milestones that have been achieved and are yet to be accomplished.

The recent release of the Pi Network Version 1 (V1) Roadmap on October 31, 2023, marks a significant moment in the journey of this innovative blockchain network. The V1 Roadmap not only outlines the progress made but also offers a glimpse into the forthcoming developments, including the V2 Roadmap which hints at the future without presenting specific dates for the Open Mainnet. This article dives into the details of both Roadmap versions and their significance.

Introduction to Pi Network V1 Roadmap Release

The Pi Network's V1 Roadmap serves as a comprehensive guide, shedding light on the network's journey through its various phases. This release holds substantial importance, giving Pi Network enthusiasts a structured view of the past achievements and ongoing endeavors, while hinting at the prospects in the V2 Roadmap.

What's Covered in Roadmap V1?

The V1 Roadmap primarily segregates the accomplishments into two segments: historical milestones and in-progress initiatives. The historical milestones provide a summarized overview of what Pi Network has achieved until now. On the other hand, the in-progress milestones list the ongoing initiatives and developmental areas within the network.
Pioneers and enthusiasts are encouraged to delve into the Roadmap V1 to gain a nuanced understanding of each project’s history and current direction.

Conclusion

The Pi Network's V1 Roadmap serves as a foundational guide for both enthusiasts and developers, offering insights into the network’s past, present, and future. The collective path forward hinges on the community's involvement and commitment to the values set by Pi Network.

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