Solana Memecoins See Parabolic Gains After Binance Listing: 4 Memecoins Making Millionaires

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As a seasoned analyst with over two decades of experience in the financial markets, I must admit that the recent surge of memecoins like ACT, PNUT, and DOGE has been nothing short of breathtaking. The speed at which these assets have soared, turning overnight millionaires, is a testament to the transformative power of blockchain technology and social media.

Two memecoins on the Solana network, ACT I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), have been added for trading on Binance, leading to substantial increases in their value. As the popularity of Solana memecoins grows, Dogecoin (DOGE) is also experiencing a spike due to a string of positive developments.

Earlier this week, Binance added two meme coins, Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), to its spot trading platform. Despite being labeled as high-risk assets, both coins have experienced significant increases in value, earning them the nickname “Binance Effect.” Meanwhile, Dogecoin (DOGE) is also on the rise after Donald Trump appointed Elon Musk and Vivek Ramaswamy to oversee the Department of Government Efficiency or DOGE.

Pauline Shangett, CMO of ChangeNOW, has this to say about recent events:

Cryptocurrencies are widely recognized as marking a fresh chapter in finance. Remarkably, the pace of change following Trump’s election suggests an exciting future.

Memecoin are Making Millionaires

After the elections, the rise in cryptocurrencies has gone beyond all expectations, and Bitcoin (BTC) is spearheading this surge. Bitcoin (BTC) recently reached an all-time high of $93,434, breaking yet another record. Even though Bitcoin sets the standard for what can be achieved in the crypto market, meme-based cryptocurrencies have gained significant attention and have seen almost unbelievable growth.

In a buzzworthy turn of events, both ACT and PNUT have been creating quite a stir lately, following their inclusion in Binance’s spot trading on Tuesday. Over the course of the last week, ACT has seen an astounding surge of more than 2,220%, while PNUT has experienced gains over 1,637%.

 Join us as we delve into ultra-popular memecoins making overnight millionaires. 

Peanut the Squirrel (PNUT) Enters the Top 100

Due to a heartbreaking event involving a beloved pet squirrel named Peanut, whose euthanasia was carried out by New York authorities against its owner’s wishes, PNUT has exploded in popularity online. This incident sparked an extraordinary wave of social media activity that coincided with the ongoing election. Earlier this week, PNUT was listed on Binance and has since seen a dramatic increase. In just the past week, PNUT surged by more than 1,600% and today it has climbed over 270%. This surge in value for PNUT followed a mention of Peanut’s death by tech entrepreneur Elon Musk on his social media platform, X (formerly Twitter).

PNUT’s rally resulted in it entering the top 100 altcoins by market cap.  

ACT Soars 2,000% Hours After Binance Listing

This week, Binance added Act I: The AI Prophecy (ACT) to its roster. ACT is a memecoin built on the Solana network that fosters collaboration between various artificial intelligence systems, resulting in unique AI interactions with users. The native token of the Act I ecosystem, ACT, operates the platform and can be employed for staking purposes.

ACT gained over 2,100% in the past week and is up 4.53% over the past day, trading at $0.618. 

Dogecoin (DOGE) Rally Continues as Trump Administration Announces Policy

Dogecoin (DOGE), a popular meme-based cryptocurrency, currently holds the largest market capitalization among its kind and ranks 6th in overall crypto market cap, surpassing $53.4 billion. Known for his immense wealth of over $300 billion, Elon Musk – CEO of Tesla, former owner of Twitter (now X), and a prominent backer of the president-elect – has consistently shown support for Dogecoin. With his recent involvement in the Republican party and playing an instrumental role in Trump’s election win, Musk’s influence could potentially drive Dogecoin to reach new record highs in the upcoming months.

As an analyst, I found myself invigorated as Donald Trump’s statement unveiled Elon Musk and Vivek Ramaswamy at the helm of the Department of Government Efficiency (DOGE). According to Trump, this move is instrumental in his administration’s mission to “dismantle bureaucratic red tape, trim unnecessary regulations, curb excessive spending, and reorganize Federal Agencies – Crucial for the ‘Save America’ Movement.

According to the statement, Musk commented,

This action could create ripples throughout the establishment, and it’s quite possible that many individuals associated with government inefficiency or corruption are implicated.

Husky Inu (HINU): A Solana Memecoin with Equal Potential

Husky Inu, or HINU, is one of the latest additions to the Solana network, aiming to provide greater value and functionality for its owners by leveraging the power of this widely-used blockchain. Husky Inu has just concluded a successful presale of its native token, HINU, and it’s now on a journey to dominate the memecoin market with a strong and cooperative community that offers innovative features and attractive incentives.

Ever since its launch, the presale has amassed more than $486,000, with the figures climbing swiftly. Husky Inu is busy developing some intriguing projects, such as an Earn App and a Decentralized Exchange. The Earn App will offer HINU tokens as rewards for user interaction with the project, while the Decentralized Exchange will enable peer-to-peer trading, enhancing utility and value for HINU holders. Husky Inu stands out from typical investment options due to several distinctive traits, including a capped token supply, an in-built deflationary mechanism, rapid transactions, and charitable voting opportunities.

 

Husky Inu is your chance to make up for lost ground if you missed the DOGE, ACT, and PNUT train. 

Twitter: Husky Inu Twitter

Telegram: Husky Inu Telegram

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2024-11-13 20:07