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Memecoin
Is Congressman Brad Sherman Embracing Memecoins?
Barely a day after anti-crypto Congressman Brad Sherman (D-Calif.) made ironic remarks about Mongoose Coin, a cryptocurrency that did not exist. It became a reality with a market cap of $25 million. Now, Sherman has thanked the Mongoose Community for donating to the Western Kentucky Relief Fund.
Are Memes the Future of Money?
Shiba inu (SHIB) and dogecoin (DOGE) are just two of many meme coins that have made headlines this year in the crypto space, but are they setting the trend for the future of money? “The Hash” hosts discuss the phenomenon behind the meme economy and community.
SHIB Coin Surging to Record High, $8K Investment Last August Now Worth $5.7B
The shiba inu (SHIB) token continues its astonishing ascent in the crypto markets. An $8,000 investment in SHIB in August 2020 is now valued at about $5.7 billion, representing a seven million percent gain. "The Hash" panel discusses the outlook for the "dogecoin killer" and the potential risks of buying into the meme economy.
SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump
Shiba Inu, the self-proclaimed dogecoin killer, briefly surpassed DOGE in market value Wednesday, backed by “smart money” worth about $160 million from the past seven days. This comes as ads for Floki, a meme-based coin named after Tesla CEO Elon Musk’s shiba inu dog, have appeared on London’s transportation network in recent weeks.
Why Shiba Inu Has Been More Resilient Than Some SHIB Haters Would Like to Admit
While institutional investors have largely ignored dogecoin killer shiba inu (SHIB), the meme-token is rising thanks to its SHIB Army grassroots community. “The Hash” squad discusses the SHIB phenomenon and why this is a continuing story to watch.
Dogecoin Foundation Returns With Ethereum’s Vitalik Buterin as Adviser
The Dogecoin Foundation, a nonprofit organization that aims to support the development of DOGE, has been re-established with Ethereum co-founder Vitalik Buterin as its “blockchain and crypto adviser.” The foundation is now hoping to secure a three-year budget to hire a small staff to work on dogecoin full-time.
There’s Now Almost Zero Correlation Between Dogecoin and Bitcoin
Dogecoin has taken on a life of its own. The memecoin used to be correlated with the price of bitcoin, but data gathered by CoinDesk’s research team shows the correlation between the two cryptocurrencies has dropped to nearly zero. “All About Bitcoin” host Christine Lee breaks it down in the Chart of the Day.
Vitalik Buterin's Re-Gift of Shiba Inu Coin Sends Memecoins Plummeting
The creator of Ethereum, Vitalik Buterin, sent memecoin prices spiraling after he made a massive donation of an unsolicited dogecoin knockoff, Shiba Inu (SHIB), to charity. "The Hash" panel discusses the impact of Buterin's move on the crypto markets.