BTC & ETH Smash Records Amid Memecoin Fever

GM, Anon! It’s only Wednesday, yet it feels like 10 weeks have been condensed into just 3 days since Monday! Where do we even begin? With BTC hitting an all-time high followed by an almost immediate vicious pullback? Or the frenzy that has drawn retail investors back into crypto, and true to form, memes have gone parabolic.

If there's one lesson we can glean from the past few chaotic days, it's that meme coin seasons are not going anywhere, and these trends will undoubtedly define this bull market like no other! The memecoin casino is open for business!

Today we’ll cover:

• Understanding memecoins

• Looking at past examples of successful trades

• Farming some anticipated memecoin-orientated airdrops

The Resurgence of Memecoin Mania

The resurgence of memecoin mania is evident as market caps skyrocket to unprecedented levels, ranging from modest investments to multi-million dollar bets on digital assets. 

Dubbed as a "game" by Fintech Junkie, memecoin trading amplifies holdings through social clout and market dynamics rather than traditional valuation metrics. Participants aim to elevate their status within a community by generating FOMO through humorous content and engaging in social media antics. 

The objective is to sell portions of holdings at fluctuating prices, influenced by supply and demand dynamics. Memecoin trading parallels the stock market but strips away corporate performance metrics, focusing on hype and speculation. 

Despite its profit-seeking nature, memecoin trading represents a movement, a collective dissent against conventional financial wisdom. The allure lies in the communal experience of defying traditional investment norms. The chase for rapid gains is the real thrill, drawing crowds with the chance to see investments multiply overnight. 

Traders, both small investors and whales, have contrasting perspectives, with smaller investors driven by collective dreams while whales focus on demand manipulation. Memecoins overshadow NFTs as disillusionment with the latter drives enthusiasts back to memecoin trading. 

This crypto rollercoaster serves as a reminder of the ever-evolving digital currency landscape, blending high stakes, community dynamics, and rebellion against traditional financial systems. The memecoin phenomenon captivates and divides the crypto community alike.

Diving In

What an incredible run it has been throughout February, especially since last week, where coins like Floki, Pepe, and Wif saw gains ranging from 200% to 400%. Additionally, Binance recently launched Wif, marking a significant milestone for the emergence of Solana-based memecoins. This development was also paralleled by the collective market cap volume of Solana-based memecoins hitting $10B.

Other noticeable gains included Elon, which had a remarkable day with a significant increase of 38.25%, closely followed by Bone, which surged by 35.79%. Moreover, Dog, the fractionalized Doge NFT, demonstrated considerable growth, registering a rise of 28.95%.

Given the remarkable gains achievable within a short timeframe, it's improbable for this trend to diminish anytime soon. Retail investors tend to be particularly active in this segment of the market, often playing their cards excessively. Furthermore, many whales also frequently participate in this domain, further fueling its momentum. 

Memecoins have become an integral part of crypto culture, with each new or established blockchain expected to introduce its own meme-inspired tokens. Previously, during the launch of Base, we witnessed the meteoric ascent of Bald, and more recently, with the introduction of Blast, Blastoise has garnered significant traction.

Other eagerly awaited tokens are Zorro and Zeek, linked to zkSync, and lastly Zora has seen the launch of its own unique memecoin titled Enjoy. For those who get in early, the rewards are unparalleled.

How are these coins traded? Traders closely monitor market dynamics, attuned to the shifting narratives and focused on various blockchain ecosystems. As attention rotates, so does the focus on memecoins associated with specific chains during that period. 

In addition, real-life events frequently inspire the creation of new memecoins. For instance, anticipation surrounds the potential surge of Trump memecoin should he win the US election this year, with accumulations observed on-chain.

Notable newcomers like Zyn and Stan have also emerged, highlighting the ever-growing list of memecoins continually entering the market. Many traders specialize in this segment, reflecting the growing complexity of trading its different sectors. 

One successful strategy that many follow is to follow wallets that have been successful in trading such moves. Gather notable addresses from applications such as Nansen, Chainedge or profiles on X such as Lookonchain which often detail such moves.

Dive into this thread to learn how a trader turned $400 into nearly $1M through Wif.

Airdrop Farming

Now that you're up to speed, gear up for upcoming drops by engaging with the following protocols:

$TEN

Dive into the future with TEN, an advanced Layer 2 solution transforming Ethereum's landscape. Supported by prominent investors like KuCoin Labs, DWF Labs, and Big Brain Holdings, TEN brings unmatched efficiency and scalability to DeFi. Engage in the TEN airdrop and become a part of a pioneering community driving blockchain innovation. Here's how:

Airdrop Steps

• Start on Testnet: Connect with TEN Testnet to begin your journey.

• Engage with Faucet: Obtain test ETH by joining TEN's Discord.

• Play the Guessing Game: Test your luck at the Guessing Game with your wallet.

• Galxe Campaigns for Rewards:

• Campaign 1: Complete tasks, confirm a transaction, and earn 48 points.

• Campaign 2: Verify tasks, engage in social activities, refer friends, and secure 100 points.

• Campaign 3: Ascend from "Novice" to "Squire".

• Node Setup: If you are interested in running a node, fill this form.

Bonus Opportunity: Bolster your DeFi game by minting NFTs at zkstars.io, with potential airdrops and 20 contracts worth $5 on any EVM chain.

Join the TEN ecosystem and contribute to the next phase of DeFi evolution.

Next, Dive into the Tabi Testnet Airdrop actions!👇

In the ever-evolving landscape of blockchain and gaming, Tabi emerges as a groundbreaking platform, being the first gaming chain on Cosmos with EVM compatibility and the capability to process a Million transactions per second (TPS).

This ambitious project, supported by industry giants like Animoca Brands and Binance Labs, has recently unfurled the sails of its Testnet. With a significant airdrop on the horizon, backed by the colossal Binance, the buzz is real, and the time to act is now. This step-by-step guide ensures you won't miss out on the Tabi Testnet Airdrop and will be part of shaping a billion-user Web3 future.

Airdrop Steps

• Set Up Metamask:

• First and foremost, integrate the Tabi Network into your Metamask. Name the network "Tabichain 1.0", input the RPC URL, set the ChainID as "9789", and denote "TABI" as the currency symbol.

• Acquire Test Tokens:

• Embark on your journey by claiming your test tokens at the Faucet. These tokens are your ticket to participating in the network activities.

• Engage in Transactions:

• Keep the network lively by conducting several transactions. It's recommended to transact with different addresses weekly, keeping your engagement consistent.

• Embark on the Tabi Voyage:

• The real adventure begins at Tabi Voyage. Connect your wallet (ensure it's on the BSC Network), start with "Step1 Sailor’s Quest", complete the engaging tasks laid out for you, and claim your well-deserved rewards.

• Spread the Word:

• Move on to "Step2 Invite Quest". Share your unique journey by inviting friends using the link provided. The more, the merrier!

• Reddit Engagement:

• Participate in the "Reddit Quest" by connecting your Reddit account. Your engagement on this front will also be rewarded.

• Meet the Mermaid:

• Lastly, the Mermaid's Quest awaits. Complete the simple tasks set by the mermaid and claim your rewards. Ensure your wallet is equipped with enough gas on the zkSync Era Network for these transactions.

Joining the Tabi Testnet Airdrop is not just about reaping rewards; it's about being part of a community-driven initiative that's setting the stage for a revolutionary Web3 future.

With the backing of heavyweights like Binance and Animoca Brands, and a clear vision for mass adoption, your participation today could be the stepping stone to the blockchain gaming world of tomorrow. Embark on this voyage, contribute to the ecosystem, and let's craft a billion-user future together. The Tabi Testnet Airdrop is an opportunity knocking – will you answer?

Berachain ⏰

In our recent newsletter, we introduced Berachain, a Tendermint-based, EVM-compatible Layer 1 blockchain with a unique Proof of Liquidity consensus. Berachain uses a tri-token model with $BERA for transaction fees, $BGT for governance, and $HONEY as a stablecoin, backed by $42M in VC funding. Its testnet launched in January 2024.

Berachain employs a tri-token model which includes: Berachain is a Tendermint-based EVM-compatible Layer 1 blockchain that is powered by a  Proof of Liquidity consensus model.

• 🐻 $BERA: A native token for paying transaction fees

• 🐝 $BGT: A governance token to drive liquidity supply from users

• 🍯 $HONEY: A native Stablecoin

Berachain has raised a total of $42M and is backed by some huge VCs, including Polychain Capital. Berachain’s public testnet was launched in January 2024 and is currently ongoing.

Testnet Guide

1. Add Berachain testnet to your Metamask using the following credentials:

• Network: Berachain Artio

• RPC URL: https://artio.rpc.berachain.com/

• Chain ID: 80085

• Currency symbol: BERA

• Block explorer URL: https://artio.beratrail.io/

2. Claim testnet tokens

• Go to Berachain faucet

• Enter your wallet address

• Click on the "Drip tokens"

• You’ll need to claim tokens a few times

3. Swap

• Go to BEX page

• Connect wallet

• Swap $BERA to $stgUSDC

4. Swap

• Go to BEX page

• Connect wallet

• Swap $stgUSDC to $HONEY

5. Pool

• Go to BEX webpage

• Connect wallet

• Add liquidity to a pool

6. Trade

• Go to Berachain perpetuals

• Connect wallet

• Open any long or short trade

7. Galxe

• Go to Berachain Galxe page

• Log in with your wallet

• Complete social tasks

• Take the quiz (Answers: C D D D A )

Farm safely, stay degen!