Altcoin
Social Scoring System, Adopted in China, Now in Memecoins: FLOKI Whale Picks GEGG as Top Choice and Raves About the Project
In a world where cryptocurrencies are constantly evolving, GoodEgg (GEGG) is setting a new standard for meme coins by integrating a social scoring system. This innovation has been widely used in China and is now being brought to the crypto space through GEGG. As more projects aim to add utility and real-world applications, GEGG is attracting attention from major crypto investors, including whales from the Floki (FLOKI) community.
FLOKI’s Recent Rise and GEGG’s Unique Appeal
The meme coin market has been buzzing lately, with coins like Floki (FLOKI), Pepe, and Dogwifhat showing signs of strong bullish activity. FLOKI, in particular, has had a resurgence, bouncing 5% after months of bearish performance. Analysts believe FLOKI could be poised for a bull run, with whales starting to accumulate large sums of the coin in anticipation of further gains.
Despite the optimism surrounding Floki (FLOKI), one prominent whale has shifted focus to GoodEgg (GEGG). According to insiders, this whale has been raving about GEGG’s social scoring system and its potential to revolutionize the meme coin space.
Floki (FLOKI), which was trading at $0.000127 with a market cap of $1.22 billion, nearly 60% below its all-time high, presents an attractive buying opportunity. But GEGG’s innovative social scoring system is pulling investors in a new direction, offering something Floki (FLOKI) and other meme coins have yet to explore.
What Makes GEGG Stand Out?
GEGG’s social scoring system allows users to earn rewards based on their social interactions and contributions to the ecosystem. This decentralized system is similar to the one used in China, where citizens receive scores based on their activities and behaviors. In the GoodEgg (GEGG) ecosystem, users are rewarded with tokens for participating in the platform, making it a unique twist on traditional meme coins like Floki (FLOKI).
While FLOKI has built a strong community around its ecosystem, including the Valhalla game and FLOKI Places, GEGG’s social scoring system offers a new way to engage users. FLOKI whales, who have been accumulating Floki (FLOKI) in preparation for a bullish breakout, are now turning to GoodEgg (GEGG) as their top choice for the next big meme coin.
FLOKI’s Bullish Reversal and Whale Activity
Whales have been eyeing Floki (FLOKI) for its potential upside, with many believing that it could experience a major rally if Bitcoin continues its upward trajectory. FLOKI has been trading within a cup and handle pattern, a classic bullish indicator that suggests a significant breakout could be on the horizon. Whales have increased their holdings of FLOKI from 7.32 trillion tokens in August to 7.51 trillion by mid-September, showing confidence in FLOKI’s future.
Despite this, some of the largest FLOKI whales have already begun shifting their focus to GoodEgg (GEGG), recognizing its potential to bring a new dimension to the meme coin market through its social scoring system.
Will GEGG Overtake FLOKI?
GoodEgg (GEGG) has already made waves by selling 98% of its Stage 1 tokens in just 72 hours, indicating strong demand for the project. While FLOKI (FLOKI) continues to hold a strong position in the meme coin market, the growing interest in GEGG suggests that it could challenge FLOKI’s dominance in the near future.
The fact that whales from the Floki (FLOKI) community are diversifying their portfolios to include GoodEgg (GEGG) is a testament to the unique appeal of GEGG’s social scoring system. As more investors look for meme coins with real-world utility, GEGG’s combination of social engagement and cryptocurrency rewards positions it as a standout project in the space.
The Future of Meme Coins: GEGG’s Edge Over FLOKI
Meme coins have traditionally been driven by community engagement and social media hype. Floki (FLOKI) has capitalized on this by building a strong, loyal following, but GoodEgg (GEGG) takes things a step further by rewarding users for their participation through a decentralized social scoring system.
This shift towards utility and real-world applications is what sets GoodEgg (GEGG) apart from traditional meme coins like Floki (FLOKI). While FLOKI’s ecosystem continues to grow, its success largely depends on community sentiment and market conditions. On the other hand, GoodEgg (GEGG) provides tangible rewards for users’ interactions, giving it a more sustainable model for long-term growth.
Conclusion
In conclusion, while Floki (FLOKI) is still one of the top contenders in the meme coin space, GoodEgg (GEGG) is quickly gaining ground with its innovative approach. The FLOKI whale who has shifted focus to GEGG is not alone, many investors are beginning to see the potential of this new social scoring system, making it a strong contender for the next big meme coin. With 98% of its tokens sold in just three days, GoodEgg (GEGG) is proving that it’s not just another meme coin, it’s a project with real staying power.
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Cardano price is repeating a pattern from 2024 that experts say is a signal for a massive pump in the coming weeks. While present figures are largely underwhelming for ADA, investors are brimming with confidence for a strong reversal in the near future.
Cardano Price Can Reach $2.5 In May
According to pseudonymous cryptocurrency analyst Master Kenobi, Cardano price is exhibiting cyclical behavior. In a post on X, Master Kenobi notes that ADA’s consolidation in recent days mirrors its price action from Q3 of 2024.
At the time, Cardano’s price suffered a steep correction in early August and endured a lengthy consolidation period before rallying. Presently, Cardano’s price is consolidating after the deep in early February that sent prices to $0.49.
“ADA is currently in a consolidation phase that resembles its behavior from August-September 2024,” said Master Kenobi. “Since the dip on August 5, it hasn’t recorded a new low – just as it hasn’t now, following the dip on February 3.”
According to Master Kenobi, a lengthy consolidation phase will be the precursor for an impressive rally for Cardano’s price. The analyst theorizes that the incoming rally will send Cardano to impressive levels in May. In the short term, analysts are eyeing ADA to hit $1, citing rising whale activity and positive fundamentals.
“If this pattern holds, May could bring a massive pump, potentially pushing the price toward $2.5,” said Master Kenobi.
ADA Ripples With Bullish Activity
At the moment, Cardano price is trading at $0.6646, a far cry from its all-time high of $3.10. Despite the lull in price action, the ecosystem is brimming with bullish activity for higher valuation.
Investors have their eyes on $10 after ADA outperformed top S&P 500 companies in a strong show of resilience. Futhermore, increased whale activity in the space is signaling an impending rally for ADA as community sentiment reaches an all-time high.
Analysts have opined that an ADA rally to $10 is not a crazy prediction, citing a slew of positive fundamentals for the network. However, pundits are urging investors to brace for multiple corrections in the march to reach a valuation of $10.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto analyst Egrag Crypto has again provided a bullish outlook for the XRP price. This time, he alluded to historical trends to explain why the altcoin can hit a new all-time high (ATH) in 90 to 120 days.
Why The XRP Price Can Hit ATH In 90 To 120 Days
In an X post, Egrag Crypto alluded to historical patterns to explain why the XRP price can hit a new ATH in the next 90 to 120 days. He noted that the RSI chart shows important historical patterns and stated that the altcoin usually has two peaks during its bull runs.
The crypto analyst further revealed that in 2021, the second peak occurred after 90 days, while in 2017, it occurred after 120 days. Based on this, Egrag Crypto affirmed that this historical timeframe provides market participants with a potential for a “great opportunity,” hinting at the altcoin hitting a new ATH.
In another post, he raised the possibility of the XRP price reaching a new ATH of $3.9 by May. This came as he identified an Inverse Head and Shoulder pattern, which was forming for the altcoin. The crypto analyst stated that the measured move is $3.7 to $3.9.
For now, an XRP analysis has shown that the altcoin is struggling at $2.15 amid regulatory uncertainty over SEC Chair nominee Paul Atkins. In his update on this Inverse Head and Shoulder pattern, Egrag Crypto remarked that a close above $2.24, the Fib 0.888, is the next minor target. He affirmed that the pattern is still unfolding as anticipated.
Ripple’s Native Token Could Still Drop Below $2
Crypto analyst Dark Defender has predicted that the XRP price could still drop below $2 before the next leg up. In an X post, he stated that Ripple’s native token is in the 4th Wave of the Monthly Elliott Wave structure.
His accompanying chart showed that XRP could drop to as low as $1.88 on this Wave 4 corrective move. Once that is done, the altcoin will witness its next leg up, rallying to as high as $5.8, which would mark a new ATH.
Dark Defender assured that Wave 4 will end soon and that XRP will continue to reach its targets. The crypto analyst recently affirmed that the altcoin is the “one” and explained why it would dominate Bitcoin and Ethereum.
Crypto analyst CasiTrades also suggested that XRP could further decline before its next leg to the upside. She noted that after the drop to $2.27, the altcoin showed no bullish RSI divergence, which signaled that the drop wasn’t quite done yet.
She added that the coin is now likely heading down to test the 0.618 golden retracement at $2.17, or possibly the golden pocket at $2.15 for a final low before “lift-off.” However, CasiTrades also mentioned that RSI is starting to build the bullish divergence and that the selling pressure is exhausting.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Gemini, the crypto exchange founded by the Winklevoss twins, is promoting its previously launched XRP cashback program, which offers crypto rewards to users. This initiative allows eligible participants to earn rewards on their XRP transactions. Here’s a look at the program details and the steps required to join.
Gemini Founder Unveils XRP Cashback Rewards
On March 27, Tyler Winklevoss reminded the XRP community and Ripple army on X (formerly Twitter) that they can earn rewards in the token whenever they use the Gemini Credit Card for purchases. The Gemini credit card, launched in partnership with Mastercard in 2021, allows users to choose cryptocurrencies from Bitcoin, Ethereum, XRP, and over 50 other digital assets for cashback.
Since adding XRP to its long portfolio of crypto cashback offerings in August 2023, Gemini has continued to support the third-largest cryptocurrency as an option for crypto enthusiasts. The Credit Card reward information announced by Winklevoss was well received by the XRP community.
He explained that the Gemini Credit Card allows users to earn crypto back each time they spend fiat. He clarified that this feature is only available to residents in the United States (US) currently. The Gemini founder also revealed that he has been using the Credit Card for years and has had a great experience accumulating significant crypto rewards from the cashback program.
Gemini’s Credit Card offers tiered cashback rates depending on the purchase categories. A 4% XRP cashback is offered on gas and EV charging, with up to $200 monthly. A 1% XRP cashback is available for fuel and EV charging after exceeding the monthly limit. Finally, a 3%, 2%, and 1% XRP cashback is provided for dining, groceries, and other purchases, respectively.
As XRP continues to push for widespread adoption, this Gemini cashback reward program strengthens its utility and encourages greater usability and investments.
Notably, Gemini isn’t the only crypto exchange embracing XRP in its rewards programs. Platforms like WhiteBIT and Bit2Me have also introduced similar programs. By offering an XRP cashback, Gemini and other crypto exchanges can make crypto more accessible, encourage faster adoption, and reinforce XRP’s role as a digital payment solution.
How To Participate In Gemini’s XRP Cashback
Gemini has specified that users interested in earning XRP rewards from Gemini’s cashback program must first qualify for the exchange’s Credit Card, which depends on their credit score. Approved applicants must secure their cards by June 30, 2025, to participate in the promotional offer.
The crypto exchange also stated that new cardholders could earn up to $200 in XRP cashback if they spend at least $3,000 within the first 90 days. Once earned, the XRP reward will be automatically deposited into their trading accounts on Gemini, enabling users to hold, trade, or sell whenever they wish. The Credit Card also comes with no extra annual, exchange, or foreign transaction fees, allowing crypto users to grow their portfolios continually.
Featured image from SCMP, chart from TradingView
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