Market
This Is How Justin Sun Evaluates Meme Coins Investments

Meme coins have carved a unique niche in the crypto ecosystem. One notable figure in this arena is Justin Sun, founder of Tron, whose insights into meme coin investments are highly regarded.
During a discussion on the Crypto Banter YouTube channel, Sun outlined the key factors he evaluates before investing in meme coins. Consequently, these factors might provide a valuable framework for investors.
Meme Coin Investing: 3 Primary Factors to Evaluate
Sun prioritizes attention in his investment strategy. Inspired by Elon Musk’s view that those who control memes control the universe, Sun emphasizes meme coins’ ability to capture and sustain public attention.
“Today’s economy is about attention. So memes actually capture all the attention, right? If you get attention from everybody, you can actually control the universe,” Sun emphasized.
Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024
This approach is evident in the evolution of meme coins, from Dogecoin’s (DOGE) inception in 2013 to recent entrants such as Pepe (PEPE) and Dogwifhat (WIF).
Secondly, Sun assesses how effectively a meme coin’s developers engage their community. He looks beyond quantitative metrics like social media followers, seeking a deeper, genuine connection.
“I will check on the real social engagement. Are those likes real, or it’s just general bullshit? Do they have lots of influence, and the people really believe them? Also, I will see the founders, see their material, and see the memes they made and the videos they made. I will see if this is the right video and the right social engagement,” Sun elaborated.
The third point is to evaluate whether the team puts effort into developing meme coins. Contrary to common misconceptions, Sun argues that creating a successful meme coin requires effort. Additionally, he compares the efforts to developing major crypto platforms, such as a layer-1 blockchain or a crypto exchange.
He emphasizes that meme coin development involves strategic narrative building, community engagement, and continuous innovation.
“Lots of people are thinking that meme coins are just launched by one click, and somebody is getting lucky, and then the whole thing can pump to $1 billion, and everybody gets rich. I don’t think this way, actually. It just takes very different efforts. But it’s not like much less effort compared to doing other things, so that’s why, I believe you also need to pull a lot of effort and lots of things,” Sun stated.
Read more: 7 Best Tron Wallets for Storing TRX
Finally, Sun remains optimistic about the potential of Tron-based meme coins to achieve substantial market capitalization, akin to Dogecoin or Shiba Inu. He once again emphasized that Tron will soon have a meme coin with a $1 billion market capitalization.
Currently, Tron meme coins are challenging the dominance of Solana. As a result, Solana’s meme coin launch platform Pump.fun has seen a 47% decline in new launches, dropping to five-month lows.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Bitcoin Price Battles Key Hurdles—Is a Breakout Still Possible?

Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Bitcoin price started another decline below the $83,500 zone. BTC is now consolidating and might struggle to recover above the $83,850 zone.
- Bitcoin started a fresh decline below the $83,200 support zone.
- The price is trading below $83,000 and the 100 hourly Simple moving average.
- There is a connecting bullish trend line forming with support at $82,550 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start another decline if it stays below the $83,850 resistance zone.
Bitcoin Price Faces Resistance
Bitcoin price failed to start a recovery wave and remained below the $85,500 level. BTC started another decline and traded below the support area at $83,500. The bears gained strength for a move below the $82,500 support zone.
The price even declined below the $82,000 level. A low was formed at $81,320 before there was a recovery wave. There was a move above the $82,500 level, but the bears were active near $83,850. The price is now consolidating and there was a drop below the 50% Fib retracement level of the upward move from the $81,320 swing low to the $83,870 high.
Bitcoin price is now trading below $83,250 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $82,550 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $83,250 level. The first key resistance is near the $83,850 level.

The next key resistance could be $84,200. A close above the $84,200 resistance might send the price further higher. In the stated case, the price could rise and test the $84,800 resistance level. Any more gains might send the price toward the $85,000 level or even $85,500.
Another Decline In BTC?
If Bitcoin fails to rise above the $83,850 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,550 level. The first major support is near the $82,250 level and the 61.8% Fib retracement level of the upward move from the $81,320 swing low to the $83,870 high.
The next support is now near the $81,250 zone. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,500.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $82,250, followed by $81,250.
Major Resistance Levels – $83,250 and $83,850.
Market
Is CZ’s April Fool’s Joke a Crypto Reality or Just Fun?

On April 1, Binance co-founder Changpeng Zhao (CZ) shared an amusing hypothetical on social media platform X (Twitter).
He posed the hypothetical scenario of a user generating a cryptocurrency wallet address commonly used for token burns, which permanently remove tokens from circulation.
Binance’s CZ Shares Cryptic Hypothetical on April Fools Day
Changpeng Zhao’s April Fools’ joke about generating a token burn address sparked discussions. However, the chances of it happening are astronomically low. CZ shared the post during the early hours of the Asian session, kickstarting an interesting discourse.
“Imagine downloading Trust Wallet and finding your newly generated address is: 0x000000000000000000000000000000000000dead. Theoretically speaking, it has the same chance as any other address. Alright, enough imagining. Not gonna happen. Get back to building. Happy Apr 1!” Changpeng Zhao wrote.
It comes in time for April Fools’ Day, celebrated annually on April 1, dedicated to practical jokes, hoaxes, and playful deception. Trust Wallet, integrated as Binance’s non-custodial wallet provider, played along with the joke.
“Happy April Fool’s Day,” wrote Trust Wallet.
While the idea seems far-fetched, CZ was not technically wrong. Theoretically, there is an infinitesimally small probability that someone could randomly generate a wallet address matching “0x000…dead” using software like Trust Wallet.
However, the chances are comparable to winning the lottery multiple times. To put things into perspective, one can generate blockchain addresses using cryptographic hashing functions that produce 160-bit outputs.
This means there are 2¹⁶⁰ possible Ethereum addresses—a number so vast that generating any specific address, such as “0x000…dead,” is practically impossible.
“Haha, imagine the odds! That is a 1 in 2^160 type of vibe. Good one, CZ—back to work now, no distractions from the code,” Synergy Media wrote, putting the rarity into context.
While CZ’s April Fool’s joke entertained the crypto community, the reality remains unchanged. The likelihood of generating a wallet address identical to “0x000…dead” is close to zero. This means the post was a fun thought experiment but nothing more.
“Imagine that you can randomly generate a Bitcoin private key every second, and suddenly one day the private key you generated happens to correspond to Satoshi Nakamoto’s wallet or Binance’s wallet. That’s terrifying,” another user quipped.
However, the joke does highlight the fascinating cryptographic underpinnings of blockchain technology. While every address is technically possible, some are rare and might as well be myths. Crypto users will have to keep burning their tokens the old-fashioned way.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Bulls Fight Back—Is a Major Move Coming?

XRP price started a fresh decline below the $2.080 zone. The price is now recovering some losses and might face hurdles near the $2.150 level.
- XRP price started a fresh decline after it failed to clear the $2.20 resistance zone.
- The price is now trading below $2.120 and the 100-hourly Simple Moving Average.
- There is a connecting bearish trend line forming with resistance at $2.10 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair might extend losses if it fails to clear the $2.150 resistance zone.
XRP Price Faces Resistance
XRP price failed to continue higher above the $2.20 resistance zone and reacted to the downside, like Bitcoin and Ethereum. The price declined below the $2.150 and $2.10 levels.
The pair even declined below the $2.050 zone. A low was formed at $2.023 and the price is now attempting a recovery wave. There was a move above the $2.050 level. The price cleared the 23.6% Fib retracement level of the recent decline from the $2.215 swing high to the $2.023 low.
The price is now trading below $2.120 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.10 level. There is also a connecting bearish trend line forming with resistance at $2.10 on the hourly chart of the XRP/USD pair. The trend line is near the 50% Fib retracement level of the recent decline from the $2.215 swing high to the $2.023 low.
The first major resistance is near the $2.150 level. The next resistance is $2.1680. A clear move above the $2.1680 resistance might send the price toward the $2.20 resistance. Any more gains might send the price toward the $2.220 resistance or even $2.250 in the near term. The next major hurdle for the bulls might be $2.2880.
Another Decline?
If XRP fails to clear the $2.120 resistance zone, it could start another decline. Initial support on the downside is near the $2.050 level. The next major support is near the $2.020 level.
If there is a downside break and a close below the $2.020 level, the price might continue to decline toward the $2.00 support. The next major support sits near the $1.880 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.
Major Support Levels – $2.050 and $2.020.
Major Resistance Levels – $2.120 and $2.150.
-
Market19 hours ago
Bitcoin Mining Faces Tariff Challenges as Hashrate Hits New ATH
-
Bitcoin24 hours ago
US Macroeconomic Indicators This Week: NFP, JOLTS, & More
-
Market24 hours ago
Don’t Fall for These Common Crypto Scams
-
Bitcoin17 hours ago
Strategy Adds 22,048 BTC for Nearly $2 Billion
-
Market22 hours ago
Strategic Move for Trump Family in Crypto
-
Market17 hours ago
BNB Breaks Below $605 As Bullish Momentum Fades – What’s Next?
-
Market21 hours ago
Top Crypto Airdrops to Watch in the First Week of April
-
Market16 hours ago
Trump Family Gets Most WLFI Revenue, Causing Corruption Fears