✋ Andrew Kang of Mechanism Capital said that there is fundamental potential in meme coins

In his opinion, new meme coins that have proven themselves in the current cycle may become more popular than established flagships like #dogecoin.

He attributes this to the fact that behind every such project is a community that shares its values and identity, and in some cases even political views. Andrew cited meme coins TRUMP and BODEN as examples, calling them "cultural coins" and a cross-section of modern society's attitudes.

👍 - if humanity really started recording cultural history on blockchain.

🌚 - if this is another shitcoin stampede to shave hamsters.

We look forward to hearing what you think in the comments 👇

#News #MemCoins

⚡️#TON surpassed #Dogecoin in market capitalization, rising to the eighth position in the top

In celebration of this, Pavel Durov didn't miss the opportunity to troll Elon Musk on his Telegram stories.

#News

🪦 The #DOGE symbol is no more

In Japan, #Kabosu, the Shiba Inu dog who became the face of countless memes and the ambassador for #dogecoin, has passed away.

The dog lived for 18.5 years, which is quite impressive by canine standards. Let's remember Kabosu and thank her for her contribution to internet and crypto culture 💧

#CryptoNews

🐹 How the Little Guys knocked down Wall Street. Part 2

Reddit was jubilant — in late January 2021, the price of one share of the gaming retailer was around $360, which, given the $4 per share price in January 2020, signified a 9000% increase over a year 🤯

The r/wallstreetbets community grew to 8 million subscribers and was celebrating victory, when suddenly...

At the height of the battle between Redditors and the moldy funds, the popular private trading service #Robinhood blocked the ability to buy #GameStop shares. The problem was that Robinhood was the main platform for investing in GameStop because it positioned itself as a free service for ordinary people. However, it turned out that Robinhood's real earnings were not from transaction fees but from selling data about its users' behavior to large brokers and traders. So, as soon as the flash mob with the stock pump got out of hand, Robinhood decided to protect its real clients and shut down the party.

And now we smoothly transition from the stock market confrontation to the cryptocurrency market. After the events with GameStop, the same Robinhood stopped trading #Dogecoin when the meme cryptocurrency just started getting pumped. It was with the support of the crypto flash mob by the admin of the r/wallstreetbets community that Doge's value soared by 1000% in a day.

That admin was Jamie Rogozinski (not to be confused with Rogozin). Yes, the same legendary "revolutionary" who earned $48 million from the GameStop pump, and whose Twitter recently came back to life, causing a stir in the entire community.

Now you know a little more, give a like for the effort and send this material to your friends so they can know a little more too 😉

🐶 #Dogecoin and #ShibaInu are pioneer cryptocurrencies in the world of #memecoins. Their popularity can be attributed to several factors

Firstly, they were launched as alternatives to serious and complex financial instruments, which is what cryptocurrency seemed like at the time. These memecoins essentially made a statement to the entire industry: "Hey! You don’t have to be a cool programmer or understand blockchain to be part of the crypto community." Secondly, memecoins were powerfully and actively promoted on social media through (surprise) memes. Memes are the primary form of content with the highest viral potential (attractiveness for reposts). And let's not forget about Elon Musk.

Thanks to Musk's support, Dogecoin turned into a serious cryptocurrency asset with high market capitalization. Tweets aside, the controversial billionaire even promoted this cryptocurrency on Saturday Night Live, while simultaneously poking fun at it. A similar story happened with Shiba Inu, which was launched as the "Dogecoin killer"—a meme competitor to the popular meme (hard to grasp, but try)—and also gained support on social media.

It can now be said with confidence that meme culture is becoming an increasingly strong and widespread trend in the crypto industry, replacing #ICO and #NFT. Memes attract, create active communities around them, and can cause significant market fluctuations. By leveraging all this, memecoins have successfully drawn the attention of a broad audience and demonstrated that even a non-serious project can achieve significant heights.

How do you feel about memecoins? 🤔

🐶 Arthur Hayes predicts an #ETF for #DOGE

In a podcast with macro expert Raoul Pal, Hayes shared his vision for the future and stated that if #memecoins maintain their popularity, it is highly likely that we can expect a #Dogecoin #ETF.

To support his position, Arthur drew an analogy, suggesting that if people are willing to buy luxury goods just because of the well-known brand logo, then trading memecoins might also be acceptable for them.

🐳 — I'll invest in DOGE
🌚 — I'll invest in Birkin
🔥 — I'll invest in #KICK

#CryptoNews

🐶 The meme-lord is trying to pump #DOGE again

Elon Musk posted on Twitter that he's ready to serve in the "Department of Government Efficiency" (D.O.G.E.).

The post was a response to Trump's suggestion that he be appointed as a consultant in the administration if Trump wins. However, the joke didn’t land — #dogecoin didn’t react to the play on acronyms.

🐳 — Let's help Elon pump DOGE
🔥 — Let's help Elon pump #KICK

#CryptoNews

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🐶 Elon Musk is pumping #Dogecoin again

This time, the billionaire chose Pennsylvania as his platform. As part of Donald Trump's election campaign, Musk once again spoke about plans to create the "Department of Government Efficiency" — #DOGE, which will oversee taxpayer spending.

📈 The #memecoin responded with an 8.5% rise, while weekly speculation volume increased by 23%.

#CryptoNews

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🌍 Weekly #CryptoDigest News:

🪙 BTC.D (Bitcoin Dominance over Altcoins) — 59.46%.

🧭 Fear and Greed Index — 72

🇺🇸 30.10 15:30 USD — GDP (Q3). Forecast — 3.0%. Previous value — 3.0%

🇺🇸 30.10 17:30 USD — Crude Oil Inventories. Previous value — 5,474M

🇺🇸 31.10 15:30 USD — Core Personal Consumption Expenditure Price Index (m/m) (sept). Forecast — 0.3%. Previous value — 0.1%

🇺🇸 31.10 15:30 USD — Core Personal Consumption Expenditure Price Index (y/y) (sept). Previous value — 2.7%

🇺🇸 31.10 15:30 USD — Initial Jobless Claims. Forecast — 231K. Previous value — 227K

🇺🇸 01.11 15:30 USD — The average hourly wage for October. Forecast — 0.3%. Previous value — 0.4%

🇺🇸 01.11 15:30 USD — Unemployment Rate for October. Forecast — 4,1%, Previous Value — 4,1%

🇭🇰 Hong Kong is set to increase the number of crypto exchange licenses issued by the end of this year.

🐶 Elon Musk continues to pump #DOGE — the coin rose by 3% after his tweet with a meme. Experts suggest that #Dogecoin may grow if Trump wins the election.

🚀 In Switzerland, #BTC was launched to the moon — a symbolic rocket with the coin's logo was created in the night sky using drones.

🪙 #WallStreetJournal continues its attacks on #Tether. The company issuing #USDT called the new investigation "an irresponsible and fabricated accusation based on rumors."

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