Iggy Azalea’s Mother Iggy (MOTHER) meme coin has outstripped Andrew Tate’s Daddy Tate (DADDY) coin in market capitalization. This week, MOTHER swiftly bounced back, soaring over 35% in value, whereas DADDY struggled, plummeting 20% amid market fluctuations.

The rivalry between the meme coin intensifies with just a thin gap between their market capitalization.

Andrew Tate’s DADDY Meme Coin Approaches 50,000 Holders

According to data from DEX Screener, DADDY’s market cap is currently pegged at $69.7 million. On the other hand, MOTHER has a slight edge with a valuation of $75.7 million. Despite the fierce competition, MOTHER has shown remarkable resilience and recovery, contrasting sharply with DADDY’s downturn.

Originally, DADDY had surged past MOTHER in market valuation due to initial hype post-launch. However, recent trends have reversed these fortunes. Andrew Tate, known for his controversial statements, previously shared his motives for backing DADDY.

“I heard about a coin called MOTHER, so now I’m supporting a coin called DADDY to flip it for the patriarchy,” Tate said.

Read more: 11 Top Solana Meme Coins to Watch in June 2024

Currently, DADDY boasts 41,930 token holders, surpassing the 27,056 wallets holding MOTHER. Tate has sparked curiosity among his followers by hinting at a potential surprise once DADDY hits 50,000 holders, likely involving significant token burns.

Moreover, both celebrities are integrating their meme coins into broader business endeavors. On June 10, Iggy Azalea announced that her telecommunications company, Unreal Mobile, would accept MOTHER and Solana (SOL) for purchasing phones and monthly cell plans. This move is supported by a partnership with Sphere Labs, which aims to embed cryptocurrency into everyday transactions.

Simultaneously, Andrew Tate is exploring utilities for DADDY, including its transformation into a non-fungible token (NFT) to reduce its supply significantly. He plans to do that by buying the coin with his own money and burning it at certain market caps.

Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024

Furthermore, Tate plans to integrate the DADDY coin with his Real World University, offering exclusive access and potential staking rewards to coin holders. This approach aims to generate daily cryptocurrency rewards for university members, further enhancing the coin’s appeal.

“The case of the Daddy token is a rare example of how a project initially not associated with a celebrity is suddenly endorsed by one. This sets a precedent—perhaps other celebrities will consider how to capitalize on existing assets and even engage in direct competition with other crypto assets, like the MOTHER—DADDY rivalry,” Max Jones, the founder at Memepad.ai told BeInCrypto.

The market for cryptocurrencies is certainly full of potential, and at the same time, it can be quite overwhelming as well. Especially for a new entrant, the trends might just be a bit too much changing, coupled with technical jargon.

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3. Trading Bank Trades

Looking to supercharge your returns? AlgosOne’s innovative Trading Bank Trades are designed to maximize your profits. This feature utilizes referral credits, which you can earn by referring friends to the platform. These credits are then used to execute additional automated trades on top of your daily tier limit. You can find your daily limits in the detailed table below by clicking here.

AlgosOne has recently introduced its innovative approach to wealth accumulation through its savings accounts.

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AlgosOne isn’t just about making trading easier. It is going to tokenize its AI and the users have the possibility to own part of the AI core. With the tokenization of the platform, it is going to bring the AI ownership to its users.Here’s how the AlgosOne token empowers you:

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• The AlgosOne token has a limited supply. With increasing value across different sale stages (pre-sale, public rounds), the token might hold the potential for significant growth.

Visit the AlgosOne website today to learn more about the AI app that is advancing constantly. You can use the 14-day free trial and see how the AI works.

Arbitrum’s (ARB) price is in for a major drawdown looking at not just the chart pattern but also the investors’ behavior.

Whether ARB ends up dropping to $0 or save skin before then is something to look out for.

Arbitrum Investors Prepared for Losses

Arbitrum’s price could be looking at a new all-time low as the optimism among ARB holders has completely vanished. Arbitrum investors have been experiencing consistent losses on their transactions since mid-April. This ongoing trend is clearly highlighted by the Realized Profit/Loss metric, which underscores the financial challenges faced by the investors.

The persistent losses have significantly impacted investor sentiment, leading to a noticeable shift in behavior. Previously, many investors adopted a HODLing strategy, holding onto their assets in anticipation of long-term gains.

However, the sentiment of HODLing among Arbitrum investors has completely disappeared. The prolonged period of losses has eroded their confidence in this approach.

As a result, investors are now focusing on distribution strategies, as indicated by the mean coin age metric. Mean coin age measures the average age of all coins in a network, reflecting how long they’ve been held without being moved. 

An increasing mean coin age suggests accumulation and holding, while a decreasing age indicates higher trading activity. This shift suggests a preference for liquidating assets rather than holding onto them, reflecting a more cautious and reactive investment approach.

Read More: How to Buy Arbitrum (ARB) and Everything You Need to Know

ARB Price Prediction: Forming New Lows

Arbitrum’s price is observing the formation of a head and shoulders pattern. The head and shoulders pattern is a bearish chart formation indicating a potential trend reversal. It consists of three peaks: a higher middle peak (head) between two lower peaks (shoulders).

Based on the technical pattern, the potential drawdown could send the altcoin down to $0 as the target is 100% below the neckline at $0.92. However, this is impossible since even during the FTX collapse, its native token, FTT, did not slip to $0.

Thus, the more practical outcome is Arbitrum’s price hitting a new all-time low. The current ATL lies at $0.73 and marking a lower low below this would not be surprising.

Read More: Arbitrum (ARB) Price Prediction 2024/2025/2035

But if by the mercy of ARB holders, the altcoin manages to bounce back Arbitrum’s price could bounce back. Potentially breaching the neckline at $0.92 will enable recovery and reclaiming $1.0 will invalidate the bearish thesis.