5 Meme Coin and That Altcoin, Rocketed! Here are the Reasons for the Rise - Kriptokoin.com

The cryptocurrency world continues to be a whirlwind of activity, with the rise of meme coin projects, advancements in DeFi from established projects, and the entry of lesser-known tokens into the market. Here's a closer look at some significant events...

The meme coin craze has taken the market by storm

In the following list, there are altcoins that have experienced a significant price increase in the last 24 hours. It is noteworthy that all of these are meme coins.

• YouTube co-founder supports PAJAMAS: Steve Chen, one of the co-founders of YouTube, has announced his surprising entry into the memecoin space. Chen revealed that the crypto assets consist solely of Solana (SOL) and a memecoin inspired by his own cat, Pajamas (PAJAMAS), which was the first video uploaded to YouTube in 2005. While initially having no connection to the project, Chen later embraced PAJAMAS. The coin is currently trading at over 80% increase.

\u003e Thank you for #Solana! @aeyakovenko

Without Solana, we wouldn’t have $Pajamas and it’s $Pajamas that will bring joy to this world. This is so important, especially with all the global problems that we face in 2024. @TheYoutubeCat #PajamasMafia > \u003e — steve chen (@stevechen) May 15, 2024

• Notcoin (NOT) challenges the market correction: Notcoin (NOT), which reverses the broader market trend, has experienced a significant price increase of 40% in the last 24 hours. This increase comes in the midst of a period of inactivity and aligns with the growing popularity of the win-win Web3 game hosted on Notcoin's Telegram. The token is currently priced at $0.007899 with a market capitalization of 811 million dollars. Renowned analyst Zen predicts a medium-term rise for NOT.

• Floki gains traction: The Floki memecoin project has once again attracted attention with a price increase of over 23%, reaching $0.0002812. This comes after a week of promising developments, including the introduction of trading bots designed to increase the demand and accessibility of Floki holders. The project has also recently implemented its token burning program, a strategy implemented by other successful memecoins such as Shiba Inu (SHIB), to reduce the overall supply.

• New meme coin debuts: Adding to the memecoin craze, Pepe in a Memes World (PEW), which launched today in the Ethereum ecosystem, has increased more than 144x from its opening price.

• Shiba Inu Benefits from KNINE Listing: The Shiba Inu (SHIB) community is celebrating a major victory for K9 Finance DAO (KNINE) following its listing on the LBank exchange. KNINE, recognized as the official liquid staking solution for SHIB and the Shibarium blockchain, saw a price increase following the announcement. The collaboration positions K9 DAO at the forefront of liquid staking in the Shibarium ecosystem.

A rising altcoin has attracted attention

In addition to the rise of the meme coin above, SEI also rose. As a significant advancement for DeFi, Pyth Network integrated Pyth Price Feeds and Entropy into Sei V2. This enables developers to equip Sei V2, a parallelized Ethereum Virtual Machine (EVM), with over 500 real-time price feeds and a reliable on-chain random number generator. These features aim to improve the scalability and flexibility of DeFi applications. The SEI token specific to Sei V2 then witnessed an increase of over 8%.

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