Altcoin
PNUT Price Soars 200% As Elon Musk Shilling Peanut the Squirrel
PNUT, a meme coin inspired by Peanut the Squirrel, surged 200% after Elon Musk latest post referenced a “squirrel and a meme coin” saving America. The playful mention quickly gained traction on social media, leading to a massive rally for the Solana-based token.
With its connection to Musk humorous posts, PNUT has become the latest trending meme coin. The Solana-based token trading volume soared to over $2 billion within 24 hours as investors and crypto enthusiasts jumped in on the hype.
Peanut the Squirrel Gains Traction Following Elon Musk Tweet
In a recent X post, Elon Musk made a humorous comment stating, “America was saved by a squirrel and a meme coin!”. Musk’s engagement with this meme has sent ripples through the crypto market, resulting in an immediate price surge for PNUT.
Besides, the billionaire’s comment came shortly after he shared an image of PNUT in response to a post from Rabbit Hole, which sparked controversy by questioning the government’s expenditure on HIV research involving transgender monkeys.
— Elon Musk (@elonmusk) November 13, 2024
This X post follows Musk’s long-standing history of engaging with meme coins, often sparking rapid price increases in coins like Dogecoin and Shiba Inu. The crypto market response to Musk’s comment highlights his continuing influence over digital assets with the meme-based appeal, propelling PNUT into the spotlight.
PNUT Coin Rise and the Growing Popularity of Solana Meme Coins
PNUT, a meme coin on the Solana blockchain, is currently trading at $1.33, up by 220% in the last 24 hours. Over the past week, it has surged 1140%, and its price has increased 2400% over the past 30 days. The coin’s 24-hour trading range has spanned from a low of $0.3943 to a high of $1.47, with a trading volume reaching $2.72 billion, as traders seize on the rally.
The popularity of top Solana meme coins is on the rise, with ACT price seeing a 2,700% increase over the past week, and Bonk up by 50%, trading at $0.00003. The current meme coin boom on Solana has investors speculating on whether tokens like BONK will continue to climb, with some enthusiasts wondering if it might hit $0.1 in the near future.
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.
Altcoin
Dogecoin Eyes Parabolic Rally To Price Discovery, Is The 16,000% Surge From 2020 Possible This Time?
The Dogecoin price is again eyeing a parabolic rally that will put the meme coin in price discovery and send it to new highs in this market cycle. Crypto analyst Mikybull Crypto indicated that the Dogecoin price could replicate its 16,000% surge from 2020 as it enters price discovery.
Dogecoin Eyes Parabolic Rally To Price Discovery
In an X post, Mikybull Crypto stated that DOGE’s massive parabolic rally to price discovery is loading. The analyst remarked that the entry into price discovery is interesting, as the Dogecoin price rallied more than 16,000% in 2020 when it broke above the Relative Strength Index (RSI) 70 level.
In line with this, Mikybull Crypto stated that the $1 to $3 range remains a target for the Dogecoin price in this bull run. The analyst also recently suggested that DOGE could rise to as high as $4 based on the alignment of the Fibonacci levels with DOGE’s performance after the last Golden Cross.
Crypto analyst Master Kenobi also recently stated that the Dogecoin price could rise to as high as $2 in this market cycle. He believes this would happen through the rapid flow of capital and frenzy in the market. Interestingly, the analyst made this prediction while raising the possibility of DOGE flipping Solana and BNB to become the third-largest crypto by market cap.
Meanwhile, the analyst also suggested in a recent analysis that DOGE would make its way into price discovery soon enough. This came as he highlighted a 91-day sequence, which Master Kenobi noted DOGE was 20 days away from completing. He predicted that DOGE could rally to as high as $1 between now and then. Specifically, he put December 2 as the timeline for when the target could be achieved.
Crypto analyst Dj Anas also recently predicted that the Dogecoin price could reach $1 by year-end. He made this prediction based on the Fibonacci levels, which he claimed supported a parabolic rally to this target.
DOGE Could Witness A Correction First
Amid these bullish predictions for the Dogecoin price, crypto analyst Kevin Capital has suggested that DOGE could witness a correction first before it goes into price discovery. In an X post, the analyst highlighted a symmetrical triangle and said there is a 50/50 chance of a price breakout or breakdown.
However, he remarked that he still favors a correction due to the daily RSI being above 90, which suggests that the meme coin is currently in overbought territory. The analyst had previously predicted that Dogecoin could drop to as low as $0.26 following a price correction.
At the time of writing, the Dogecoin price is trading at around $0.39, up over 7% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
Altcoin
Binance Launchpool To List Usual (USUAL) With Pre-Market Trading
Binance Launchpool has recently announced the listing of Usual (USUAL) on its platform, sparking market optimism. The launch of the listing will offer users an opportunity to farm the tokens. The exchange will begin the farming process, allowing users to lock their BNB and FDUSD to earn USUAL rewards.
Binance Launchpool to Feature USUAL
Binance Launchpool has announced that it will list USUAL starting November 14. This announcement marks the launch of Usual, a decentralized fiat-backed stablecoin, with pre-market trading to begin on November 19. The exchange users can lock their BNB and FDUSD to farm USUAL tokens, receiving rewards over four days.
The USUAL token will be paired with USDT for pre-market trading, allowing users to trade the token once the pair goes live. The farming of USUAL tokens will begin as users participate in Binance’s Launchpool offering.
Each user will have a maximum holding limit of 40,000 USUAL tokens, with a total token supply of 4 billion USUAL. Of that, 300 million tokens 7.5% will be allocated for Launchpool rewards. This initiative is a significant step in expanding the exchange’s role in the decentralized finance (DeFi) space.
However, users from certain countries, such as the United States, Canada, Japan, and North Korea, will not be eligible to participate. Binance has stated that KYC verification is required for those looking to farm USUAL tokens.
BNB Ecosystem And Market Performance
The listing of Usual on Binance Launchpool marks a new chapter in the DeFi space, offering a decentralized fiat-backed stablecoin. This launch comes at a time when meme tokens like ACT and PNUT have witnessed impressive price surges after their listings, indicating strong market interest in new projects.
BNB Price is currently trading at $634, with a 24-hour low of $605 and a high of $659. The coin has seen a 5% increase in the past 24 hours, a 6.8% rise over the last week, and a 7.6% gain in the last month.Its 24-hour trading volume stands at $3.7 billion, demonstrating robust demand.
The global crypto market is experiencing a bullish trend. Additionally, the recent US election victory by Donald Trump has sparked optimism among Bitcoin supporters. Binance founder CZ’s new initiative, Giggle Academy, is also gaining attention. The project aims to educate users in key target countries.
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.
Altcoin
Binance Expands Offerings For ACT, PNUT, NEIRO Sparking Optimism, What’s Next?
In an effort to further uplift market sentiment, leading crypto exchange Binance announced on Thursday that it is expanding offerings for three tokens. The crypto exchange revealed that it is listing new pairs for The AI Prophecy (ACT), Peanut The Squirrel (PNUT), and First NEIRO on Ethereum tokens, sparking investor curiosity. Meanwhile, the listed coins’ prices soared 3%-32%, signaling that the broader market reacted positively to the listings announcement.
Binance Lists ACT, PNUT, & NEIRO Echoing Market Optimism
According to an official Binance announcement dated November 14, the crypto exchange is expanding offerings for the aforementioned tokens starting November 15 at 08:00 UTC. Per the listing announcement, the exchange is adding The AI Prophecy in FDUSD and USDC trading pairs. Further, the crypto exchange is also adding NEIRO in the USDC trading pair.
Simultaneously, the crypto exchange’s announcement revealed that Peanut The Squirrel will be added to the spot trading platform in BTC, FDUSD, and USDC trading pairs on the same date and time. Also, the leading crypto exchange highlighted that it will enable spot Algo Orders for ACT in FDUSD and USDC pairs, NEIRO/USDC, and PNUT in BTC, FDUSD, and USDC pairs. Overall, the announcement reverberated substantial market optimism over the listed coins’ price movement amid a bullish crypto market.
How’s The Current Market Sentiment For Listed Coins?
At the time of reporting, NEIRO price soared 3% over the past day and is now trading at $0.002479. The coin’s intraday low and high were $0.002285 and $0.002749, respectively.
Simultaneously, The AI Prophecy price gained 9% intraday to rest at $0.7519. Its 24-hour low and peak were $0.542 and $0.942, respectively.
Additionally, Peanut The Squirrel price witnessed gains worth 32% over the past day to rest at $1.88. The token’s intraday low and high were $1.28 and $2.47, respectively.
Overall, the bullish price trajectories fall in line with Binance’s listing announcement. Notably, CoinGape Media previously reported ACT price to have soared 1300% and PNUT 250% in light of the same exchange’s previous spot listings and Elon Musk’s X post, which has fueled market speculation.
Meanwhile, NEIRO price witnessed a whopping 115% surge with its listing on major exchanges. Altogether, these past chronicles underscore the listed tokens’ potential to offer further gains in the market.
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.
-
Regulation15 hours ago
Coinbase CEO Slams DOJ For Alleged Political Polymarket Probe
-
Altcoin24 hours ago
What’s Inside the Cardano Foundation’s First Financial Report?
-
Market23 hours ago
Will GRASS Token Price Hold Above $2?
-
Altcoin23 hours ago
Dogecoin Co-Founder Reveals How To Make DOGE Deflationary
-
Altcoin18 hours ago
Expert Says Dogecoin Price Is Long Overdue For Rally To $1.5, ETFS To Reach $5, And XRP To Touch $10
-
Market22 hours ago
NEIRO Token Price Drop Has Spurred Long-Term Holders To Sell
-
Altcoin22 hours ago
Crypto Founder Sells Dogecoin To Buy PEPE, Here’s Why
-
Altcoin17 hours ago
Dogecoin Price Chart Patterns Shows Similarities To Bitcoin In 2016, Why This Is Good
✓ Share: