Aurelia Butler

Shiro Neko Achieves Historic Milestone (WA:MMD) in the Memecoin MarketShiro Neko ($SHIRO) launched and reached a $1 billion market cap on its first day of trading. With this, the team aims to make $SHIRO a standout memecoin, redefining expectations for new launches in the space.Shiro Neko’s MetricsAfter its launch, Shiro Neko established a stable floor between $300 million and $400 million in market cap. This retracement can demonstrate confidence. Shiro Neko’s adoption metrics:Shiro Neko is designed to appeal to a broad audience, leveraging cultural relevance and strong community ties. The token’s name, which means “white cat” in Japanese.Unlike many tokens that rely solely on Twitter for growth, Shiro Neko’s strategy extends to other platforms, capturing retail interest in untapped spaces.Rising in the Cat Coin RankingsShiro Neko has already climbed to become the 4th largest cat coin by market cap, following $Popcat, $Mog, and $Mew.Ethereum MemecoinAccording to the team, the market has shifted back to Ethereum-based tokens. Shiro Neko is aims to be the forefront of Ethereum memecoins, combining a strong narrative, large community backing, and a subcategory within the memecoin space.Future PlansLooking ahead, Shiro Neko has several initiatives in the pipeline, including integration with Shibarium and a staking feature that will enable $NEKO holders to stake their tokens and potentially earn $SHIB or $BONE as rewards.Additionally, Shiro Neko is preparing to launch a charitable initiative, further enhancing its impact and community value.About Shiro NekoShiro Neko ($SHIRO) is a next-generation memecoin that builds on the cat-themed cryptocurrencies. Designed to capture interest, $SHIRO combines cultural significance with a compelling narrative, with a goal to set a new standard for memecoins.Users can visit the project’s official channels for more information on Shiro Neko and its progress.Website: https://www.shironeko.gg/X: https://x.com/shiroContactRobert O’NeillShiro Nekoinfo@shironeko.ggThis article was originally published on Chainwire More

Rizzo wrote while sharing the historical statement on X: “Satoshi Nakamoto on the scarcity of Bitcoin at $0, exactly 15 years ago. Only 21 million.”The statement made by the Bitcoin founder reads thus: “(lost) coins can never be recovered. Since the effective circulation is reduced, all the remaining coins are worth slightly more, its the opposite of when a government prints money.”The statement dates back 15 years, believed to have been made on Dec. 10, 2009, when Bitcoin was worth $0, yet Satoshi foresaw the profound economic implications of a limited supply. The distinct nature of Bitcoin’s hard cap of 21 million coins draws from this concept of scarcity, and this differentiates Bitcoin from traditional fiat currencies that can be endlessly printed.As Bitcoin’s price faces pressure from a broader market sell-off, Satoshi’s statement remains relevant. The fixed supply remains a key driver of Bitcoin’s value, ensuring that its scarcity is preserved regardless of short-term price fluctuations.Bitcoin hit a record high of $104,000 on Coinbase (NASDAQ:COIN) on Dec. 5 but has struggled to stay above the six-figure barrier since. Bitcoin traded at $97,905, down 0.28% in the last 24 hours.According to CryptoQuant, the current market sell-off has elicited a strong response from institutional investors. As panic-selling occurs, mostly on platforms like Binance, with a higher number of small investors, U.S. institutional investors are embracing the opportunity to buy aggressively on exchanges like Coinbase.Amid the sell-off, Nakamoto’s early statements about scarcity and value resonate more than ever.This article was originally published on U.Today More

Such a precipitous decline is indicative of more general structural problems, mostly related to market-wide overleveraging. The main cryptocurrency at the heart of this turmoil has been Bitcoin. Its chart now indicates a critical correction phase, even though it previously showed resilience. The psychological $100,000 mark has proven to be a strong barrier, and Bitcoin was unable to maintain its advance above it. As whales start taking profits, the short-term bullish momentum has started to wane, further straining the asset. At least in the short term, the likelihood of a further decline has increased since Bitcoin is currently trading below important EMAs. The primary cause of this collapse is overleveraging. A total of $172 million of the $1.58 billion in liquidations over the last 24 hours are ascribed to Bitcoin alone, according to the liquidation heatmap. The bulk of these liquidations are due to short positions, which show that the market’s aggressive long positioning is encountering resistance. As prices decline, this imbalance intensifies volatility and sets off a chain reaction. Ethereum has also seen large liquidations; in a similar manner, $229 million was lost.Since assets like XRP, Solana and Dogecoin are also under downward pressure, the overall altcoin market is not doing any better. The current rally, which was driven by excessively optimistic market sentiment, is fragile, as this mass liquidation cycle highlights. A healthy correction is clearly needed, according to the market. Resetting overextended positions and creating a more solid basis for future expansion require this stage. In the short term, there will probably be more volatility as the market adjusts, even though the overall outlook for cryptocurrencies is still favorable.This article was originally published on U.Today More

In a statement made at the Bitcoin MENA conference in Abu Dhabi, Eric Trump projected that Bitcoin’s value will eventually climb to $1 million. His remarks come as the cryptocurrency recently surpassed the $100,000 mark for the first time last week, though it has since adjusted to a current trading price of $98,049. The increase in value represents a significant jump from the $69,374 price point on Election Day.The conference highlighted the ongoing conversations surrounding the incorporation of cryptocurrencies into the global financial system. Eric Trump took the opportunity to commend the efforts of his father, Donald Trump, in creating a regulatory environment in the United States that could potentially lead the world in cryptocurrency regulation.The sentiment aligns with the recent political developments, as President-elect Donald Trump has been actively advocating for a crypto-friendly administration. In line with this stance, last week, he nominated Paul Atkins, a former SEC commissioner during George W. Bush’s presidency, to become the next chair of the Securities and Exchange Commission. Atkins is known for his critical views on excessive market regulation, which he has expressed since his departure from the SEC.Eric Trump’s confidence in Bitcoin’s future growth and the nomination of a new SEC chair with a history of advocating for less stringent market regulations point to a continued interest in fostering an environment conducive to the growth of cryptocurrencies in the U.S. financial landscape.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

CryptoAutos, the world’s first blockchain-powered luxury automotive marketplace, has announced the Token Generation Event (TGE) for its native utility token, $AUTOS, scheduled for 11th December 2024 at 12 PM UTC. This event represents a significant development in CryptoAutos’ efforts to enhance the ownership and interaction of high-value assets through blockchain technology.$AUTOS will launch at a fixed price of $0.04, representing a fully diluted valuation (FDV) of $40 million. The token will be available on the Uniswap DEX and multiple CEX’s; KuCoin and Gate.io, ensuring wide accessibility for the global community.Community Launch Achieves $4.5 Million in a Matter of HoursThe TGE announcement follows a successful Community Launch on Fjord Foundry, which raised $4.5 million in just 5.5 hours, with participation from 1,710 $AUTOS buyers. This strong demand reflects interest and trust in the CryptoAutos ecosystem, which combines blockchain innovation with the exclusivity of luxury automotive ownership.Token Claims and Airdrop Distribution DetailsPublic sale participants can claim 100% of their tokens upon TGE through CryptoAutos’ simple claiming process. Detailed instructions are available in the official guide.For winners of the $AUTOS airdrop, Tokens will be automatically airdropped to the wallet connected during the Telegram game as soon as TGE goes live.The Utility and Vision of $AUTOSThe $AUTOS token is integral to CryptoAutos’ blockchain-powered platform, providing a seamless, secure, and efficient way to engage with high-value assets. It facilitates;Key Details for the TGEAbout CryptoAutosCryptoAutos aims to redefine mass adoption in Web3, with a proven track record of $58M in crypto car sales, 180,000 monthly site visits, and over 120,000 whitelisted users. As a leading global automotive marketplace and Real-World Asset (RWA) platform, Crypto Autos bridges Web2 and Web3 by adding real-world utility to digital assets. Through partnerships like TON and BNB, a network of 1,500+ partnered dealerships, and exclusive $AUTOS token utilities, Crypto Autos enables seamless crypto-to-fiat transactions, fractionalized supercar ownership, and AI-powered vehicle insights. The platform is poised for significant growth by leveraging an expanding user base and unique innovations to unlock the future of mobility and crypto investment.For more information, users can visit the links below;This article was originally published on Chainwire More