Crypto Ocean

The memecoin market is ablaze once again after recent market downturns dealt a severe blow to Bitcoin ($BTC) and altcoins in particular. The past week saw $WIF, $BONK, $BRETT, and $MOG gain back significant ground. The market at large recently underwent an uncomfortable downturn, which saw $BTC briefly dip to $58,500. Negative sentiment and macroeconomic concerns caused panic among investors, heavily affecting prices. Memecoins Regain Strength The crypto market recently underwent a significant downturn, which caused panic among investors and massive market sell-offs. On Monday, it appeared the considerable spread of contagion had settled mainly. All is, however, not recovered as the current session sees $BTC trade $62,784. Despite Bitcoin’s lacklustre performance, memecoins have regained considerable strength over the past seven days. Dogwifhat ($WIF) Sell-Off Slows Dogwifhat ($WIF) suffered severely in the wake of the market decline. While it is not near its recent high of $4, $WIF managed to gain 36.25% in the seven-day chart, according to data from CoinMarketCap. $WIF currently trades at $2.22, up 10.22% over the past 24 hours, signalling that sell-offs have halted – at least for now. Solana-Based $BONK Stands Its Ground Solana-based memecoins have been performing exceptionally well in the 2024 bull run, delivering investors significant returns on their investments. Bonk ($BONK) is a market newcomer only launching in 2023. Since its launch, $BONK captured the attention of the entire crypto industry with its active community participation. Bonk’s popularity also increased because its capped token supply introduced scarcity to the memecoin industry. At the time of writing, $BONK was up an impressive 21.71% over the 7-day chart, gaining 7.66% in the past day. Base-Network $BRETT Showing Upside Potential Base memecoins are threatening Solana-based memecoin’s dominance this year. Coinbase’s newly launched layer-2 blockchain, Base, saw an immense rise in on-chain activity, and Base-based memecoins are surging at lightning speed. The network’s biggest memecoin, Brett ($BRETT), quickly emerged on the must-watch list, with a market cap of almost $1.5 billion. $BRETT has had an impressive show in the last week and is trading up by 22.45%. $BRETT has gained 6.33% over the 24-hour chart. Keep An Eye On Mog Coin ($MOG) MOG Coin ($MOG) defied market odds in June, and according to data from CoinMarketCap, it gained 37% in the past month, a whopping 68.9% in the past week, and 7.67% in the past 24 hours. $MOG is a memecoin unlike any other, but it stays true to meme fashion. The project is passionate about memes and viral content and aims to give users pure, unadulterated humour. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

📊 Market Overview: BTC : $62798 ETH : $3470.18 BNB : $580.09 SOL : $147.13 ⚡ Dominance : BTC : 50.77 % ETH : 17.11 % Stables : 5.96 % 📈 Market Cap : Total : 2.44T DeFi : 87.94B 24hr Vol : 63.11B @ocean_crypto1

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Solana price tumbled hard on Tuesday morning as a sea of red spread in the crypto market. SOL tumbled to $135, its lowest swing since May 3rd. It has crashed by more than 35% from its highest point this year, meaning it is in a deep bear market. Scam concerns are rising Solana, one of the fastest-growing blockchains, has performed well in the past few months as it continued to attract more developers. Significantly, Solana has not only held its ground but also surpassed established players like Tron and Binance, securing the second spot in the decentralized finance (DeFi) landscape, just behind Ethereum. Its native DEX networks, such as Raydium, Orca, and Jupiter, have also become highly popular among traders and are the closest rivals to popular Ethereum networks like Uniswap, dYdX, and Curve. However, there are now concerns that Solana has become the most preferred blockchain network for fraudsters. One of the most popular approaches has been the launch of meme coins, which have exploded recently.

Coinbase Sees Massive $1 Billion worth #Ethereum Outflow. Coinbase experienced its largest Ethereum outflow of the year on June 12, Suggest a bullish outlook for the altcoin by whales or institutions anticipating the launch of spot Ethereum ETFs. @News_Crypto

To build a healthy investment portfolio, finding the right balance between risk and reward is paramount. The first step in creating an investment strategy that is just right for you is balancing your portfolio to match your unique risk tolerance and desired investment objectives. In India, we typically invest in a variety of asset classes that have come to be accepted as credible investment options including equities, fixed income instruments such as bonds, fixed deposits, as well as gold, mutual funds, public provident fund, and real estate. All these instruments offer varying potential for returns associated with varying degrees of risk. For example, while real estate investments are traditionally known to appreciate in value over time, investing in real estate — particularly commercial real estate — requires significant upfront capital, which places this asset class beyond the reach of most retail investors. However, the investment landscape is now changing thanks to the introduction of REITs or Real Estate Investment Trusts, professionally managed entities that own, operate, or finance income-generating real estate properties like workspaces and malls. Since REITs took root in India five years ago (in 2019) the asset class has emerged as a potentially suitable component of long-term, diversified investment portfolios.

BONK Token Registers Weekly Gains, Positions Itself Among Top Meme Coins Rollblock’s (RBLK) Features Can Allow It Disrupt The $450B Gambling Industry Pepe Coin Exhibits Continued Dominance in the Meme Coin Market Is Rollblock Capable of Beating Pepe’s Community Support? With Ethereum taking multiple steps higher, it's no longer news that the altcoin market is beginning a bullish phase that will eventually spread across the broader market. In the middle of this positivity, the meme coin space remains a promising sector to watch, considering the bullish potential of meme coins like Bonk and Pepe coin. While Pepe and Bonk token exhibit strong market confidence this week, attention is also shifting towards Rollblock (RBLK). This new GambleFi protocol is projected for meteoric rise, having demonstrated exceptional performance in the presale market. BONK Token Registers Weekly Gains, Positions Itself Among Top Meme Coins After being launched on Solana platform sometime in late December, 2023, Bonk has grown massively to be one the 5th largest meme coin by market cap of $2.1 bullion. After exhibiting its first peak price, Bonk broke records again this year by skyrocketing to its ATH, 3 months away from now. Given the significant backing and established presence of Bonk token on the Solana network, investors are optimistic about the meme coin's future direction. The recent 8.2% increase in Bonk token's value may be attributed to Coinbase Future's announcement of support for its perpetual futures, commencing at 9:30 am on May 30th.

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With the Nvidia earnings report smashing expectations as per usual, it might have been expected that crypto AI tokens surge on the news. None of it. Despite some positive price action going into the news announcement, crypto AI tokens generally experienced a drop in price. Nvidia is the darling of US stocks. One of the ‘magnificent 7’, $NVDA has been responsible for around 11% of the entire S&P 500 performance over the past year. Its eagerly anticipated first quarter earnings report came in higher than Wall Street estimates once again. Adjusted earnings were $6.12, higher than analysts forecast of $5.65, and revenue was up $26 billion, better than the expected $24.69 billion. However, not only was $NVDA slightly down on the day, but AI cryptocurrencies were down a lot further. The last time that positive $NVDA earnings hit the news, crypto AI tokens saw a considerable spike in price. This time, leading into the earnings report, a lot of the crypto projects in the AI niche were up. However, following the report they all sank below their daily opening prices. Why Did Crypto AI Tokens Take A Hit? The weakness in price for the crypto AI niche also extended to the rest of crypto, and even to the stock market itself. The reason was simple. The Federal Open Market Committee (FOMC) minutes were released just before the Nvidia earnings came out, and this spooked the market more than the positive Nvidia news was able to rally it.