Meme Coin Frenzy Escalates as Ethereum Upgrade Lowers Fees and Bitcoin Demand Rises
Crypto Report
March 14, 2024
DAILY MARKET OVERVIEW
Ethereum’s Succesful Upgrade and BTC Demand
Welcome Crypto Enthusiasts! It's an exciting time in the crypto world so let’s begin!
First up, the long-awaited Ethereum Dencun upgrade is finally here, and it's shaking things up in the Layer 2 realm. This upgrade is all about reducing those high gas transaction fees for Layer 2 solutions like Polygon, Arbitrum, Optimism, etc.
While it won't directly affect the Ethereum mainnet fees (sorry, high rollers), it's a step in the right direction towards making Web3 more accessible to the masses.
But that's not all. The Bitcoin bulls are charging full speed ahead, and the launch of those fancy Bitcoin ETFs has unleashed a demand like never before.
Anthony "Pomp" Pompliano, the crypto guru himself, dropped some serious knowledge on Fox Business, explaining how the upcoming halving (you know, when Bitcoin supply gets cut in half) is going to shake up the supply-demand equation.
Brace yourselves, because the demand for Bitcoin is already outpacing the supply by a whopping 10 times, and once that halving kicks in, we could be looking at a mind-blowing 20 to 25 times more demand than supply! Talk about scarcity driving up those prices!
TWITTER SENTIMENT
Short-Term Market Expectations
We've seen the cryptocurrency market produce huge gains recently, but even in the most bullish conditions, price dips are normal.
According to technical analysis by @CredibleCrypto, who has accurately analyzed the market, they predict Bitcoin's price is likely to rise towards $75,000 followed by a potential dip to between $62,000 - $65,000.
If this dip happens, @CredibleCrypto believes it would be a good time to buy cryptocurrencies before the upward trend continues.
Memecoin Craze Continues to Grow
The meme coin journey this year has been wild, and the best part is that it's not close to over yet.
The market cap of the largest meme coins this cycle, Pepe and WIF, is much lower than that of past cycle meme leaders, Doge and Shib.
It's expected that Pepe and WIF will pass Shiba Inu’s $20 billion market cap this year (possibly Doge, although unlikely) to become this cycle's best meme coins.
NEWS OVERVIEW
Most Recent Crypto News
YOUTUBE INFLUENCER SUMMARY
Miles Deutscher - WIF Will OVERTAKE DOGE In 85 Days! [Best Meme Coins To Buy Now] (14.03.2024 Summary)
Buckle up, we're about to dive into the wild world of meme coins! 🐶
Miles is dropping some serious knowledge bombs on how these quirky little digital memes like WIF, Pepe, and Floki are absolutely crushing it right now. They're pumping harder than your gym bro on leg day! 💪
The secret sauce? It's all about that sweet, sweet reflexivity! As these meme coins blow up, advertisers start throwing cash at them like confetti at a party. More ads = more hype = more buyers = even higher prices. It's a vicious cycle that just keeps feeding itself! 🔄💰
Now, here's the real tea: Miles thinks WIF and Pepe could potentially overtake the OG meme kings, Doge and Shib. Why? Well, they're just cuter, fresher, and have lower market caps, making it easier for them to pump harder with less liquidity. It's like a hot new boy band stealing the spotlight from the aging rock stars! 🐶🎤
But wait, there's more! Miles is also dishing out some spicy alpha on how to spot the next big meme coin gems. Keep an eye on those Dex trends, exchange listings, and new narratives (like AI meme coins), and you might just stumble upon that elusive 1000x!
Of course, he's not forgetting to remind us that meme coin investing is basically just glorified gambling. So, treat it like a fun side hustle, not your retirement fund, and always remember to take profits along the way!
That's a wrap! Get ready to ride the meme coin wave and have a blast while doing it.
Ivan On Tech - BITCON AND ALTCOINS READY FOR ANOTHER LEG UP!(14.03.2024 Summary)
Ivan's back with another high-octane episode, and he's got some serious tea to spill.
First up, Bitcoin's pushing towards that juicy $73.5k mark, and Ivan's on a mission to bid farewell to $70k forever. It's only a matter of days before we wake up to a massive green candle, leaving $70k in the dust, just like we did with $20k back in the day.
But that's not all! Ivan's got his eyes on the global debt spiral, and let's just say, it's getting uglier than your bestie's breakup. The time between each new trillion in US debt is shrinking faster than your paycheck after bills. Soon, it'll be like trying to spot a needle in a haystack! This death spiral is crypto's hottest marketing team, driving more and more people to realize that fiat is a scam, and Bitcoin is the only way out.
Speaking of Bitcoin, our favorite tech king, Elon Musk, is back at it again, pumping Dogecoin like it's going out of style. He's even hinting that you might be able to buy Teslas with Doge soon. Talk about a meme dream come true!
And let's not forget the Ethereum Layer 2 Dencun Upgrade! With gas fees dropping by a whopping 90%. Ivan's practically excited at the thought of all the new users who can finally join the speculation party without worrying about fees eating their lunch money.
But wait, there's more! Radix is finally showing signs of life, pumping like a champ after being a stablecoin for way too long.
Overall Ivan continues to share a bullish outlook for the crypto market and is excited to see what lies ahead in 2024
The information provided in this newsletter is for general informational and educational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Please consult a qualified financial advisor for personalized advice that considers your individual financial situation and goals.