As SPX6900, MAGA Hat, and Neiro Rally, an Unlisted Crypto Prepares for Exchange Listings – Should You Get In Now?
Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...
Crypto markets are hyping up SPX6900, MAGA Hat and NEIRO this week, yet a new meme coin and unlisted crypto is about to steal the spotlight.
In this article, delve into the latest meme coin market trends and explore the growing hype behind one of the most promising unlisted crypto tokens of 2024.
Are we in a memecoin supercycle?
Murad Mahmudov shared some interesting opinions at Token 2049
Stating that cults are stronger than tech
Memes have outperformed 99% of alts this cycle, backing his point
He also dropped a list of top memecoins he's bullish on, many of which… pic.twitter.com/oqYxUx3Avc
At present, meme coins are some of the biggest money-makers in the crypto space, with investors rotating their capital from one coin to the next to chase the next big thing.
One of the signature meme coins pumping in the market this Uptober is SPX6900, which is currently trading at a market price of $0.874 (representing a 24-hour change of +0.8%).
Amid more than 19 days of sustained upside, SPX6900 has surged to a whopping $804M market cap, fuelled by a strong technical structure above the 20DMA and an impressive all-time high on the S&P500 (SPX).
Yet, some overhead concerns remain about the size of some whale positions, as highlighted by crypto analyst ZachXBT.
1/2 I uncovered 11 high confidence wallets tied to @MustStopMurad holding ~$24M in meme coins on Ethereum and Solana so the community can monitor his future activity. pic.twitter.com/OTx6XMguTA
As election fever rips through the United States, meme coin traders are taking a keen position, with
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