Ethereum’s gas fees have plummeted to an average of $0.41, down from a peak of $15.21, indicating reduced network congestion and potentially attracting new investors. With only 6.38% of ETH’s total supply available for trading, the upcoming Pectra hard fork aims to enhance network efficiency and scalability. Despite recent price stability, improving market sentiment and supply reduction could signal a recovery for Ethereum.
about Ethereum Gas Fees Drop Significantly Amid Upcoming Major UpgradeVitalik Buterin
0 in Finance and 0 in Crypto last weekDogecoin and Shiba Inu A Comparison of Meme Coin Investments
Dogecoin (DOGE) and Shiba Inu (SHIB) are leading meme coins with distinct characteristics. DOGE, with a market cap of ~$49.9 billion, is inflationary and primarily used for tipping and payments, while SHIB, valued at ~$13 billion, focuses on DeFi and has a controlled supply with ongoing developments like Shibarium and a metaverse. While DOGE benefits from celebrity endorsements, SHIB offers higher potential gains but comes with increased risk.
about Dogecoin and Shiba Inu A Comparison of Meme Coin InvestmentsNew Meme Coin DOGEN Surges 500 Percent Challenging SHIB and DOGE
A new meme coin, DOGEN, is rapidly gaining traction, surging 500% since its launch on the Raydium DEX. With a strong community and a major centralized exchange listing on the horizon, it is poised for further growth, potentially reaching a $100 million market cap. Meanwhile, established coins like Shiba Inu and Dogecoin are showing less short-term potential.
about New Meme Coin DOGEN Surges 500 Percent Challenging SHIB and DOGESolana Faces Reputation Challenges Amid Strong Network Activity and Developer Growth
Solana’s reputation has shifted dramatically from “beloved” to “hated” due to rampant scams, with early warnings ignored in favor of growth metrics. Despite these challenges, the network shows strong fundamentals, high developer activity, and potential for ETF approval, with 84% of users remaining bullish on SOL, currently priced at $183.37. The recent controversy surrounding the Pumpfun meme coin factory has drawn regulatory scrutiny, culminating in the FCA blocking its website for operating without authorization.
about Solana Faces Reputation Challenges Amid Strong Network Activity and Developer Growth