Memecoins? Are you joking?🤣

Author

Tracey Plowman
October 23, 2024

This Week in Crypto

We’ve hit 150 episodes folks!!! Still ranked as Australia’s No.1 crypto podcast, this milestone is every reason to start listening if you haven’t already! New here? Then episodes 1-8 are your starting blocks. This week the show is all, Meme Coin Mania! Tune in - laugh & learn, this is crypto made easy!

Crypto Curious Archives - Equity Mates Media

Are you crypto curious? Do you hear NFT and think WTF? Have you heard about Bitcoin and Ethereum but unsure where to start?

equitymates.com/show/crypto-curious

Here’s a little cheat sheet before we get into it 👇🏼

Bitcoin & Ethereum at a glance.

X marks the spot.

Good articles.

Bitcoin flashes rare ‘double super signal’ – Why this is important

Bitcoin’s [BTC] volume oscillator has recently signaled back-to-back ‘Super Signals,’ a rare event that has only occurred during major bull runs.

Bitcoin flashes rare 'double super signal' - Why this is important - AMBCrypto

Bitcoiners slam Saylor for throwing weight behind ‘too big to fail’ banks

MicroStrategy’s executive chairman, Michael Saylor, was slammed over his latest comments recommending Bitcoin custodianship through “too big to fail” financial institutions rather than using self-custody — something he once championed.

Bitcoiners slam Saylor for throwing weight behind ‘too big to fail’ banks (cointelegraph.com)

Bitcoin’s Retail Renaissance: Small Investors Flood Back After 4-Month Hiatus

After an unsuccessful attempt to break past the $70,000 mark this week, bitcoin briefly dipped below $67,000 before staging a modest recovery.

Bitcoin's Retail Renaissance: Small Investors Flood Back After 4-Month Hiatus (cryptopotato.com)

Peter Todd fears for his life after controversial Satoshi documentary

Peter Todd says he has gone into hiding due to harassment and safety concerns following an HBO documentary that suggested he might be the elusive Bitcoin inventor, Satoshi Nakamoto.

Peter Todd fears for his life after controversial Satoshi documentary (cryptobriefing.com)

Crypto things you didn’t know you didn’t know.

The total amount of bitcoins is limited.

An interesting bitcoin fact is that when the protocol for the bitcoin network was set up, the limit was set at 21 million coins. As a result, at some point, no more new bitcoins can be created by cryptocurrency miners.

When you help complete transactions on the bitcoin blockchain, you’re said to be bitcoin mining by using computing power through a process known as proof of work. You can receive a reward for mining bitcoin in the form of the digital currency itself.

The reward halves every 210,000 blocks, which has worked out to about every four years. As of September 2022, the total number of circulating bitcoin is 19.15 million. This leaves a few million bitcoin yet to be mined, which is part of why mining remains a popular activity.

Memecoins to the moon?

Memecoin Trading Volume Hits $16 Billion, Sparks Liquidity Crisis in NFT Market

Memecoins are continuing to have a bit of a moment, with some of the biggest gainers coming from that genre. And while Bitcoin and Co are slowly making their way up, signalling interest by institutional investors, retail investors seem more into the memecoin game right now.

Memecoin Trading Volume Hits $16 Billion, Sparks Liquidity Crisis in NFT Market (cryptonews.com.au)

Dogecoin Rockets 30% In A Week, Sparking Hype For Uptober Rally

At press time, Dogecoin was found to have gained significantly as it jumped to $0.141556 following a 1.77% growth that occurred within the last 24 hours. In a week, the meme coin has gone pretty high at a 30% increase which propelled its 24-hour trading volume to $1.9 billion with an upsurge of 35%.

Dogecoin Rockets 30%, Sparking Hype For Uptober Rally (newsbtc.com)

Crypto Culture.

This Beat Up Old Honda Just Hit Every Crypto Hot Spot in Europe—Here’s Why.

A banged-up Honda Civic called The Meme Machine traveled across Europe this summer, becoming emblematic of crypto in 2024.