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Social Scoring System, Adopted in China, Now in Memecoins: FLOKI Whale Picks GEGG as Top Choice and Raves About the Project

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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.

Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community: 

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Sui Network Back Online After 2-Hour Outage, Price Slips

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Decentralized Layer-1 blockchain Sui Network faced a major downtime with no blocks produced in the last few hours. The data from Suivision showed that the network faced a “major outage” as some validators faced problems with approving transactions. SUI price tumbled 10% but recovered as the network started processing transactions again.

Sui Network Faced Major Outage

The Sui Network has been down for more than two hours, according to reports from Suivision. The blockchain didn’t produced any blocks since 09:15 UTC today.

The Sui community members have reported issues with some validators, and the team is currently investigating the cause of the disruption. The official handle on the X platform has acknowledged this downtime:

“The Sui network is currently experiencing an outage and not processing transactions. We’ve identified the issue and a fix will be deployed shortly. We appreciate your patience and will continue to provide updates.”

Dubbed the Solana-killer, this is the first time that the Sui Network has been facing such an outage. Referring to the past outages for Solana, the crypto community members have been taking jabs at Sui. Some wrote “No wonder Sui is the next Sol” while others called it a “Solana moment. Bullish”. It has also triggered a meme frenzy with “first time?” tags on the X platform.

According to SanXz, the Sui Network is actually not down. The analyst added that the Sui team is actively investigating an RPC issue related to validators, which has caused disruptions.

However, one user ‘reisen’ responded to this analysis by saying: “Having nodes/validators operational is useless when no blocks are produced – So not producing blocks for 1:50h is equivalent to being down”.

Price Tumbled 10% During Downtime?

While the SUI price might see some volatility as the network resumes transactions, the community hasn’t turned bearish yet. One X platform handle Bullishify.sui wrote:

“Sui pulling a Solana? Remember when $SOL went down in Dec 2020, then ripped 1000% right after? $SUI like, ‘Yeah, we’re following the script too.’ Buckle up, fam!”

The SUI price recovered after dropping 10% over the last 24 hours, and currently trading at $3.63. As per CoinGape analysis, SUI price can rally to $18 with 750% gains on the monthly timeline and more than 500% gains on the yearly timeline.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

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.





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SLERF Price Soars 55% Amid Binance’s Extended Support, Rally To Sustain?

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Solana meme coin SLERF price has advanced 55% today, emerging as the talk of the crypto town on Thursday. Notably, the coin surfs bullish tides across the crypto landscape as the leading crypto exchange, Binance, unveiled a new listing for it. For context, traders also reacted positively to the listing announcement as the token’s intraday trading volume soared over 200%.

Binance Unveils SLERF Perpetual Contract Igniting Market Bullishness

In an official Binance announcement dated November 21, the crypto exchange revealed that it is launching SLERFUSDT (USD-Margined) perpetual contract today at 11:30 UTC. Intriguingly, the platform’s colossal user base remains poised to enjoy up to 75x leverage trading the asset. This has sparked a SLERF price rally recently, indicating the growing market confidence.

Further, the leading crypto exchange set the capped funding rate for the token at +2.00% / -2.00%. Also, the tick size for the crypto was 0.0001, per the announcement. Notably, the underlying asset remains the abovementioned Solana meme coin, SLERF.

On the other hand, Binance also revealed that it is launching Secret (SCRT) (USD-Margined) perpetual contract at the same date and time. This perpetual contract launch also boasts maximum leverage of 75x in an effort to magnetize investors. Overall, these enhanced offerings have set off optimistic waves for the tokens across the broader market, offering enhanced liquidity and investment opportunities to market participants.

SLERF Price Rallies

At the time of reporting, SLERF price witnessed gains worth 55% and is currently trading at $0.4373. Its intraday low and high were $0.2547 and $0.4266, respectively. The coin’s 24-hour trading volume surged 219% to $271.18 million. Notably, this rising movement falls in line with the abovementioned listing.

SLERF PriceSLERF Price

Further, investors anticipate more gains in the Solana meme coin’s price against the backdrop of another bullish on-chain metric. A recent CoinGape Media report revealed that SLERF whale accumulation soared remarkably, underscoring significant buying pressure for the asset.

Meanwhile, it’s also noteworthy that SCRT price witnessed gains worth 2% intraday in the wake of the listing and is trading at $0.3393. The coin’s 24-hour low and high were $0.302 and $0.3791, respectively.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

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.





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Vitalik Buterin, Coinbase’s Jesse Pollack Buy Super Anon (ANON) Tokens On Base

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Ethereum co-founder Vitalik Buterin has purchased 30,303 ANON tokens, stirring excitement around the privacy-focused cryptocurrency. The transaction reflects a growing interest in decentralized anonymity, with Buterin’s involvement sparking speculations about ANON’s potential as a revolutionary token in the privacy space.

Joining Buterin, Coinbase executive Jesse Pollak has also acquired ANON tokens. This dual endorsement from prominent crypto figures has bolstered ANON’s debut, fueling curiosity about its role in shaping the future of private, self-sovereign transactions.

Vitalik Buterin and Jesse Pollak Support ANON

According to a November 21 post on X, Vitalik Buterin’s wallet (vitalik.eth) swapped 0.082 ETH for 30,303 ANON tokens on Base. This high-profile transaction has brought significant attention to ANON, a decentralized and privacy-focused cryptocurrency, ahead of its launch.

In addition, Coinbase executive Jesse Pollak mirrored this enthusiasm by spending 0.333 ETH to purchase 31,529 ANON tokens. The endorsement of ANON by influential industry leaders hints at its potential as the next major innovation in privacy tokens.

ANON, promoted as a self-sovereign and anonymous asset, aims to redefine privacy in cryptocurrency. These notable endorsements have positioned ANON to make a strong impact in the rapidly evolving blockchain ecosystem. Its launch has further amplified discussions on the future of privacy coins and decentralized privacy solutions.

Super Anon: A Revolutionary Step in Privacy?

Vitalik Buterin swapped 0.082 ETH for 30,303 Super Anon tokens to meet the minimum requirement for posting anonymously via Farcaster’s anoncast account. Earlier, the minimum was 30,000 tokens, but it has now been reduced to 15,000 ANON tokens, making it more accessible.

Since Buterin’s purchase, Super Anon has surged by 550%. The token is currently trading at $0.0402, with a 24-hour low of $0.00887 and a high of $0.6367. This sharp price increase reflects rising interest in decentralized anonymity solutions, positioning ANON as a potential player in the privacy sector.

Buterin, a long-time advocate for Ethereum scalability, has also praised other blockchain projects like Starknet, which aims to enhance Ethereum’s scalability. His involvement in the Super Anon ecosystem further emphasizes his commitment to supporting innovative privacy solutions in the crypto world.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

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.





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