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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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4 months ago

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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: 

Visit GoodEgg (GEGG)

Telegram: https://t.me/GEGG_OFFICIAL



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Tron Founder Justin Sun Reveals Plan To Push Ethereum To $10K

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22 minutes ago

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January 22, 2025

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Tron founder Justin Sun has laid out an ambitious plan to drive Ethereum (ETH) price towards a $10,000 price point. Sun’s proposal includes halting ETH sales, taxing Layer 2 solutions, and focusing on Layer 1 development. These bold steps are designed to strengthen the token position in the crypto market and ensure long-term growth.

Sun’s strategy aims to not only optimize ETH supply but also create a deflationary system to build market confidence and attract further investments. His plan comes as the token market dynamics continue to evolve.

Justin Sun’s Bold Plan to Boost ETH Price

On January 22, Justin Sun shared his plan on X to push Ethereum price to $10,000. The Tron founder proposes ceasing Ethereum Foundation (EF) sales of ETH for the next three years. By halting the sale, Sun believes supply will remain stable, supporting a deflationary market model.

Additionally, Sun plans to leverage AAVE lending, staking yields, and stablecoin borrowing to cover operational costs, ensuring long-term sustainability. His vision includes restructuring the ecosystem and creating a more efficient system to fuel ETH’s price growth.

Justin Sun’s Vision for Ethereum and Layer 2 Solutions

Justin Sun has been vocal about his plan and making waves within the crypto community. He also expressed admiration for newly elected US President Donald Trump, highlighting the potential for crypto-friendly policies. Sun’s proposed tax on Layer 2 solutions is a key strategy, aiming to generate at least $5 billion annually.

All collected taxes will be used to repurchase and burn ETH, helping to drive the token’s deflationary nature. Tron founder plans to focus on bolstering Ethereum’s core development, ensuring its long-term scalability, and reinforcing its value proposition.

ETH Price Context and Market Update

Ethereum price has remained steady, trading within a range of $3,265 to $3,366 in the past 24 hours. Its 24-hour trading volume was $26 billion, reflecting a slump of 36%. Notably, Ether Futures Open Interest stayed near the flatline today.

However, despite the fluctuation, ETH remains a focal point for large investors. Recent Coingape reports indicate that whales have accumulated over $1 billion in ETH over the past few days.

Adding to the market dynamics, Tron founder Justin Sun has deposited a total of 227,000 ETH to the crypto exchange HTX over the past few months. This move by Sun, in conjunction with his ambitious plans for Ethereum, could further influence ETH’s price trajectory.

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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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Why FET, RENDER, TAO, & Other AI Coins Are Rising Today?

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1 hour ago

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January 22, 2025

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Against the backdrop of a broader crypto market recovery on Wednesday, AI Coins like FET, RENDER, and TAO have stolen the spotlight by witnessing a considerable pump. Notably, these tokens are surging amid broader AI-related developments such as Donald Trump’s ‘Stargate’ formation and tech giants injecting massive investments in the industry.

As a result, the abovementioned AI coins witnessed remarkable intraday price gains worth 6%-12%. Here’s a collective overview of the potential factors driving a frenzy across the AI crypto industry.

AI Coins FET, RENDER, & Others Bullish As Donald Trump Announces ‘Stargate’ Formation

Notably, the 47th president of the U.S., Donald Trump, has unveiled plans to offer massive support to the broader artificial intelligence sector soon after his inauguration. Addressing the nation’s masses, Trump recently announced the formation of ‘Stargate,’ the largest AI infrastructure project in American history.

Intriguingly, this AI project is set to invest a staggering $500 billion into the U.S. economy and curate over 100,000 American jobs. Trump revealed that OpenAI, Softbank, and Oracle came together to announce the formation of this monumental feat. Overall, with the developmental saga weighing in, top AI Coins like FET and others also appear to be bullish as the broader sector’s outlook glimmers with hope for further growth.

AI Coins soar amid Donald Trump's investmentAI Coins soar amid Donald Trump's investment

Google Chimes In With Massive Investment In AI

Meanwhile, the tech behemoth Google has also revealed plans to invest heavily in the sector. According to a recent FT report, the tech giant is investing more than $1 billion in Anthropic, a prominent OpenAI rival.

Meanwhile, people familiar with the matter have also revealed that Google is set to invest about $2 billion in Anthropic. Further, Lightspeed Venture Partners emerged as another key backer for the OpenAI rival as it is expected to inject $2 billion into the entity. Overall, these massive investments in the AI sector have further glimmered hope for tokens FET, RENDER, and TAO, among many others.

AI Coins Rise In Sync With Broader Market Recovery

At the time of reporting, FET price witnessed gains worth 11% intraday and is currently trading at $1.30. The coin’s 24-hour low and high were $1.16 and $1.34, respectively. Further, RENDER price witnessed a 7% uptick in value and is currently resting at $7.09. The coin’s 24-hour low and high were $6.60 and $7.36, respectively.

Even TAO price pumped 6% intraday to reach $418.21. The coin’s 24-hour low and high were $391.79 and $433.29, respectively. As mentioned above, the AI tokens appear to be leveraging a positive market sentiment across the AI sector, primarily attributable to the massive investments. Further, it’s also worth mentioning that the broader crypto market recovered today, aligning with the upswing in the price of AI coins.

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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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VTHO Price Rockets 300% As Binance Reveals Support For VeThor Token

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2 hours ago

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January 22, 2025

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VTHO price has skyrocketed 300% after Binance announced its support for VeThor Token. Simultaneously, the token’s trading volume also surged by an astonishing 86,000%, reaching $3 billion. This massive rally reflects the strong influence of the top crypto exchanges in the market and how the listing or any other positive developments impact the sentiments.

Notably, VTHO token is used as gas within the VeChainThor ecosystem, further driving the market’s enthusiasm.

VTHO Price Surge After Binance Announces Listing of Perpetual Contract

On January 22, Binance listing announcement showed that the exchange plans to list VTHOUSDT perpetual contract on its futures platform, offering a maximum leverage of 75x. This new trading option has caught the attention of traders, contributing to a massive spike in VTHO’s trading volume.

Meanwhile, VTHO is the secondary token in the VeChainThor ecosystem, primarily used as the gas for transactions within the network. This listing expands Binance’s support for the VeChainThor blockchain, enabling users to trade VTHO with increased leverage. The contract’s capped funding rate is set at +2.00% / -2.00%, with funding fees settled every four hours, giving traders more flexibility.

Notably, the 75x leverage allows traders to maximize their exposure to VTHO price movements, further intensifying the market’s focus on the VeThor Token. The move by the top crypto exchange to offer such high leverage and favorable funding rates is a clear indication of its confidence in VTHO’s potential.

Binance’s Multi-Assets Mode and Trading Rules

Binance’s Multi-Assets Mode allows users to trade the VeThor token perpetual contract across multiple margin assets. This feature enables traders to use other cryptocurrencies, such as BTC, as collateral when trading VTHO contracts.

Multi-Assets Mode supports greater flexibility, giving users the ability to diversify their margin options for more efficient trading strategies. Recently, Binance expanded support for TRUMP and several other tokens, fueling optimism about future price movements.

The rules for Multi-Assets Mode include applicable haircuts on collateral, ensuring the safety of user assets. It is particularly useful for those who hold large amounts of various cryptocurrencies and wish to leverage them for high-leverage trading opportunities.

VeChain and VTHO Price Surge

VeChain (VET), the blockchain powering VTHO, has experienced notable growth, rising by 11% in the past 24 hours. VET price now trades at $0.05, and its market cap has reached $4.06 billion. This rise is attributed to VeChain’s increasing adoption and its partnerships with major corporations, including Walmart China and BMW.

VTHO price today jumped 320% and exchanged hands at $0.0087, indicating a growing interest in the VeChainThor ecosystem. With a market cap of $744 million, VTHO has seen an 86,000% increase in trading volume, reaching $3.11 billion. As the blockchain industry continues to innovate, VeChain’s supply chain solutions and VTHO’s integral role are poised for continued success.

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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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