After a considerably troublesome begin to the week, stablecoins, meme cash, and the crypto market on the whole noticed a glimmer of sunshine yesterday, with the introduction of the Guiding and Establishing Nationwide Innovation for US Stablecoins (GENIUS) Act.
Launched by US senator Invoice Hagerty, the invoice goals to determine a regulatory framework for stablecoins. If handed into laws, Tether ($USDT), USD Coin ($USDC), and different steady cash with market caps above the $10B mark would want to stick to US Federal Reserve laws.
In the meantime, stablecoins with market caps beneath the $10B threshold can be regulated by the person states.
Hagerty introduced the introduction of GENIUS at yesterday’s White Home press convention on digital belongings.
On the identical press assembly, AI and crypto adviser David Sacks famous that ‘Stablecoins have the potential to make sure American greenback dominance internationally to extend the utilization of the US greenback digitally because the world’s reserve forex and within the course of create probably trillions of {dollars} of demand for the US Treasury.’
What Does The GENIUS Act Imply For Stablecoins, Meme Cash, And Different Altcoins
The Trump administration being in help of stablecoins – or any sort of cryptocurrency for that matter – is nice information all the way in which. And whereas the market has seen a downturn, the group sentiment is bullish.
With costs usually down throughout the board, now’s a superb time to purchase the dip. That’s very true in relation to meme cash, which exploded final yr. If you happen to’re considering of investing in meme cash, listed below are 5 which have excessive progress potential.
1. Solaxy ($SOLX) – The First-ever Solana Layer 2 Ecosystem
Solaxy ($SOLX) is grabbing a whole lot of investor consideration – and for good motive. This meme coin, at the moment in presale, will energy the world’s first-ever Solana Layer 2 ecosystem. Thrilling information certainly.
Not solely will it incorporate Solana’s excellent traits (good velocity and low transaction charges) however it’s going to additionally eliminate the ache factors that plague the Solana blockchain – congestion and failed transactions.
If that’s not sufficient excellent news, it’s going to add much more velocity and scalability to the equation. In all, it means a extremely strong platform for meme cash and dApps.
$SOLX can be a multi-chain token, but another excuse why now we have excessive hopes for Solaxy. It would exist on each Solana (famend for the most popular meme cash) and Ethereum, which has a large DeFi and asset tokenization ecosystem.
The Solaxy presale launched in December final yr, elevating an $5.8M within the first 5 days alone. That determine now stands at a hefty $18M. A worth enhance is imminent, however 1 SOLX at the moment prices $0.001626, with 224% staking rewards.
2. Thoughts of Pepe ($MIND) – A Highly effective AI Agent With Worthwhile Insights For Token Holders
One other meme coin we’re holding an in depth eye on is MIND of Pepe ($MIND). Extra than simply one more iteration of Pepe the Frog, this can be a highly effective AI agent, and the primary meme coin of its type.
The Pepes of the crypto world usually do very properly for themselves. Take Wall Avenue Pepe ($WEPE), as an illustration – one other Pepe-inspired meme coin at the moment on presale. $WEPU has develop into a phenomenon, having raised near $69.5M (sure, you learn that determine appropriately). And because the presale attracts to an in depth, all eyes shall be on $MIND to see if it follows in $WEPE’s footsteps.
$MIND will arrange autonomous X and different social media accounts, and it’ll use these to amass a follower base and establish upcoming crypto market tendencies, by the intelligent use of hive-mind evaluation.
AI is the driving pressure behind this meme coin, enabling it to constantly study and self-evolve. And as $MIND’s influencer standing grows, it’s going to form conversations and achieve useful insights, which MIND of Pepe will share completely with $MIND token holders.
MIND of Pepe will even have blockchain entry and the power to launch tokens. And, in fact, $MIND holders can have unique early-bird entry to these.
The MIND of Pepe presale has already raised greater than $5M, and proper now 1 $MIND will price you $0.0032662 (with staking rewards at 444%). To seek out out extra about how one can spend money on $MIND utilizing $ETH, $BNB, $USDT, or $USD, check out our information to purchasing $MIND.
3. Meme Index ($MEMEX) – Coin Baskets For Higher Publicity With The Profit Of Diversified Danger
Publicity is the identify of the Meme Index ($MEMEX) sport. The meme coin market exploded final yr, however as even the previous week has reminded us, the crypto market is unpredictable. That’s why danger diversification is very interesting to buyers, and $MEMEX does simply that.
$MEMEX has 4 meme coin baskets (in one other phrase, indexes) to select from, every with various ranges of volatility.
The Titan Index is the least unstable however with slower rewards. It’s residence to $DOGE, $SHIB, $FLOKI, $PEPE, and extra of the highest and better-established meme cash.
Up subsequent is the Moonshot Index, the place you’ll discover meme cash which can be poised to rub shoulders with their counterparts within the Titan basket, however have market caps beneath $1B. $POPCAT and $PNUT are two of the meme cash on this index.
The Midcap Index, in the meantime, is the place the danger issue is turned up a notch additional. Tokens on this meme coin basket, amongst them $TURBO and $BOME, have appreciable progress potential however, on the identical time, are additionally vulnerable to volatility.
Then, there’s the Frenzy Index, which cranks up the warmth with high-risk tokens which have probably explosive rewards. Suppose $ZEREBRO, as an illustration. Being Degen territory, nonetheless, this index just isn’t for the faint of coronary heart.
$MEMEX holders have the extra good thing about group governance, with potential to suggest and vote on each the way forward for the mission, in addition to which meme cash are within the 4 indexes.
To this point, Meme Index has raised near $3.4M, and 1 $MEMEX prices $0.0159077, with 687% staking rewards. It gained’t keep that worth for lengthy, although, with a worth enhance set for lower than two days..
4. Fartcoin ($FARTCOIN) – A Humor-centric Meme Coin With Tons Of Potential
When the market takes a tumble, because it not too long ago has, nobody can be blamed for having a superb cry. Nevertheless, a superb snort due to Fartcoin ($FARTCOIN) is one other various, one that would properly repay in the long run.
The premise of Fartcoin is straightforward – preliminary tokens might be claimed by submitting fart jokes and memes. Launched in late 2024 on the Solana blockchain, $FARTCOIN additionally contains a ‘Fuel Payment’ system, with every transaction accompanied by a digital fart sound.
As for utility? There’s none. But after a CEX itemizing with a $978M market cap, and reaching the $1B market cap milestone in January, who’re we to guage?
Like the remainder of the market, Fartcoin has been left bruised by the latest downturn.
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After an all-time excessive of $2.61 in mid-January, the worth has since plummeted to $0.7015. However with the swings and roundabouts of the crypto market, we expect $FARTCOIN might get better, with potential for, forgive the pun, explosive progress.
5. Pudgy Penguins ($PENGU) – The Resilient Meme Coin New To Solana
Technically talking, Pudgy Penguins ($PENGU) isn’t precisely new, having been on the Ethereum blockchain since 2021. However in December final yr, in a transfer to increase its group and appeal to new buyers, $PENGU launched on Solana. And it’s been (principally) onwards and upwards ever since then.
Pudgy Penguins is an NFT assortment of 8,888 pudgy little cartoon characters – representing love, happiness, empathy, and compassion, amongst different feelings. However don’t let that ‘awwwww’ issue idiot you – $PENGU packs a punch.
To be honest, the latest downturn of the crypto market has been lower than type to our little penguin buddy. Just below a month in the past, as an illustration, Pudgy Penguins had a $2B+ market cap. That market cap has since dropped to a relatively dismal $820M.
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However – and it’s a giant however – $PENGU has traditionally been a robust performer, and we count on this resilient little meme coin to get better in the end. After an all-time excessive of $0.05738 in mid December, it hit an all-time low of $0.01015 two days in the past.
Proper now, $PENGU is up +28.59% on that ATL, at $0.01298. And that worth is a rise of 159.63% for the yr, based on CoinMarketCap.
In A Nutshell…
The latest ‘commerce wars’ have hit the crypto market arduous. So it’s a reduction that the GENIUS Act and different crypto-focused laws is being formalized to the market’s profit. And the present downturn is an efficient time to purchase the dip.
As for one of the best crypto presales, now’s the time to take a position at a low non-public sale worth earlier than itemizing. However keep in mind, it’s essential to at all times DYOR earlier than making any funding determination.
