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Cryptocurrency News Articles
TEA and CWIF: Two Solana Memecoins Worth Watching as They Look to Follow WIF's Footsteps
Jul 13, 2024 at 04:00 am
Notably, the TEA team recently gained plaudits after they successfully warded off attempts by hackers and price-manipulating bots on Solana
TEA Token Price Surges After Sniper Bots Eradicated, Catwifhat (CWIF) Hits $6M MarketCap
After concluding its recent token generation event, Solana (SOL)-based memecoin project, TEA Token (TEA), has managed to ward off sniper bots and price-manipulating bots, leading to a surge in the token’s price.
Notably, the TEA team recently gained plaudits after they successfully warded off attempts by hackers and price-manipulating bots on Solana to steal their recently raised funds stored in the project’s wallets.
Snipers on Solana are bots that target newly generated tokens. At the moment of liquidity pool creation, they buy tokens at a low price and then start selling them at a higher price as the token’s community members join.
To counteract sniper bots, the TEA team utilized the help of an anti-snipe solution provider and transferred 1100 SOL in a dedicated 5g7y wallet address. After successfully eliminating the sniper bots, the TEA token’s price surged significantly as it allayed investors’ fears of potential vulnerability.
More so, TEA leverages automated trading techniques to support price stability. More precisely, it utilizes the DCA (Dollar-Cost Averaging) strategy using Jupiter Station, a trading infrastructure provider on Solana. The DCA strategy helps support the price and protect the asset from aggressive selling.
As of July 12, TEA is trading around the $0.000010 area with a fully-diluted market capitalization of $9.7 million. With an average daily trading volume now nearing $5 million, TEA’s Trading Volume to Market Cap ratio stands at approximately 0.515.
This ratio highlights a highly active trading market, indicating strong liquidity and considerable investor interest in TEA despite its relatively low price point. As a result, TEA appears to have sufficient market activity to support potential upward price movements in either direction, making it a cryptocurrency worth watching for both short-term traders and long-term investors.
Catwifhat (CWIF) Hits $6M MarketCap as it Looks to Follow WIFs Footstep
Catwifhat ($CWIF) has been one of the standout performers in the Solana memecoin space. Following in the footsteps of Dogwifhat, CWIF has shown impressive growth, with its market capitalization reaching $6 million.
The token has been buoyed by several positive developments and strong community support, which has driven investor interest. One of the key bullish catalysts for CWIF in H2 2024 is its recent listing on prominent decentralized exchanges, coupled with strategic partnerships within the Solana ecosystem.
Additionally, CWIF has successfully launched several community-driven initiatives and marketing campaigns that have significantly increased its visibility and adoption. These efforts are reflected in its trading volume, which has been robust, averaging around $5.8 million daily.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Naira Depreciates to New Low against US Dollar as CBN Shocks Market with Further Rate Hike
- Sep 25, 2024 at 06:15 pm
- By Adedapo Adesanya The Naira depreciated to a new low against the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Tuesday, September 24, as the Central Bank of Nigeria (CBN) shocked the market with a further boost to interest rates.
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- During challenging market conditions, analysts have given their Solana price predictions
- Sep 25, 2024 at 06:15 pm
- Citing the $125-$127 zone as the critical support zone to avoid a bearish descent. In parallel, the latest Avalanche upgrade, Avalanche9000
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- Bitcoin ATH Prediction: Stock Up on $PEPU, $MEMEBET, and $STARS Now
- Sep 25, 2024 at 06:15 pm
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- Silvergate Capital Files for Bankruptcy, Blames Regulators for Its Downfall
- Sep 25, 2024 at 06:15 pm
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- BlockDAG Testnet Ignites Developer Enthusiasm and Boosts Coin Demand
- Sep 25, 2024 at 06:15 pm
- Navigating the crypto landscape has always been a challenge, but fresh developments are opening new doors for enthusiasts. Cardano Founder Charles Hoskinson has been stirring discussions about future U.S. crypto policies, hinting at positive changes ahead.
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- Eigen Token Transfer Restrictions to Be Removed on September 30th, 2024
- Sep 25, 2024 at 06:15 pm
- In a tweet, the Eigen Foundation has announced a big shift for EIGEN token holders: transfer restrictions will be removed on September 30, 2024.
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- BlockDAG Emerges as the Crypto Coin to Watch Amid Market Volatility as Avalanche (AVAX) and Solana (SOL) Navigate Market Challenges
- Sep 25, 2024 at 06:15 pm
- With Avalanche (AVAX) struggling amid a recent price decline, investors are watching closely as it navigates market volatility.
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- FXGuys ($FXG): The DeFi Play of the Decade That Could Turn a $500 Investment into a $1 Million Portfolio by 2026
- Sep 25, 2024 at 06:15 pm
- Meet FXGuys ($FXG), a DeFi token poised to revolutionize decentralized finance and traditional markets through its unique blend of PropFi and TradFi elements.
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- Cardano (ADA) Price Prediction: ADA Primed to Explode by 40% as Accumulation Reaches Fever Pitch
- Sep 25, 2024 at 06:15 pm
- The ADA price is slowly rising above the bearish captivity. The weekly MACD displays a massive drop in the selling pressure while the levels are about to undergo a bullish crossover.