Week in Ethereum News -The Latest Ethereum News and Upcoming Events This Week

WIF: Memes on Solana

According to Gate.io data, as of now, the price of WIF has exceeded $1.9, and the current quotation is $1.91. In addition to its cost, WIF's market value quickl soared to $1 billion, becoming one of the fastest-growing memes in Solana's histor. Driven b this "hat dog" crae, WIF's 24-hour trading volume exceeded USDT, and on March 3rd, it directl surpassed BONK with a total market value of $1.7 billion.

The issuance process of WIF is quite low-ke. According to market data, WIF was first listed for trading at a price of $0.00016 as earl as November 20, 2023. Since then, WIF prices have shown an upward trend without a significant decline. Source: Dogwifhat official website

In addition, renowned crpto communit leader Arthur Haes has alwas been optimistic about WIF's performance, stating, "Once Bitcoin falls below $35,000, I will start buing and continue to increase m holdings in Solana and WIF." In addition to recommendations from major KOLs, the milestone when WIF trul began its journe of tens of thousands of times was on March 1, when Robinhood announced his support for WIF. This news immediatel attracted widespread attention, not onl from WIF supporters, but also from WIF supporters, And other crpto enthusiasts have turned their attention to WIF, with on chain giants starting to bu in large quantities.

Due to the Chai Dog image of WIF and the rapid surge of Robinhood after its launch, man people associate it with DOGE. DOGE was a guide for man retail investors to enter the field of crpto in the past. During the 2019 GameStop and AMC stock war, Robinhood and other US securities brokers announced the suspension of trading in stocks such as GME and AMC, followed b retail investors and a large amount of funds turning to Dogecoin.

After the introduction of Dogecoin, retail investors continue to make histor in the US App Store. At that time, the price of Dogecoin skrocketed to $0.0875, an increase of up to 1014%. Perhaps we can also witness the glor of Meme coins again on WIF.

FLOKI: Meme Coins Under the Musk Halo

FLOKI experienced a significant price surge last weekend, with a surprising 100% increase, exceeding $0.000155. The sudden surge in Floki prices has sparked widespread discussion and speculation in the communit, reflecting the increasing interest in Meme coins among people. As Floki continues to become a focus of attention, its performance has also become a barometer of broader sentiment and trends affecting the crpto market. Source: Musk X

In addition to the world's richest man Musk's tireless efforts to promote his pet dog Floki to the public, another noteworth data is that the total locked-in value (TVL) of Floki ecosstem products has exceeded $366 million. This milestone highlights the strength and resilience of the Floki ecosstem, proving its strong practicalit, rather than just its image as a Meme. In addition, TVL's segmented data shows that the value of Floki Stacking exceeds $239 million, all of which are real token pledges.

Meanwhile, FlokiFi Locker has a TVL of up to $127 million. This sets Floki apart from other Meme coins such as PEPE, BONK, DOGE, and SHIB, often lacking comparable ecosstem indicators. Floki's ecosstem advantages not onl enhance its credibilit in the crpto communit but also la the foundation for its long-term sustainable growth and adoption.

Last weekend, Floki developers proposed burning 2% of the circulating token suppl, worth over $11 million. The purpose of proposing to burn tokens is to increase scarcit and enhance cbersecurit, reflecting Floki's commitment to improving the integrit of its ecosstem.

PEPE: The Most Widel Spread Frog in the World

The success of "dog stle" meme coins has made the market realie that memes have a unique role in the crpto field, and spreading and sharing a certain subculture in the communit can generate tremendous power. After experiencing a bear market, meme coins like Shib and Doge not onl survived, but also performed even better than some so-called value investment projects. If ou are a traditional investor, whether it is value investing or short-term investment, ou will definitel stud all aspects of asset issuance when choosing investment targets for stabilit. But meme won't give ou this time, it relies on emotions and marketing.

PEPE, as a popular meme on the internet for man ears, is inspired b the classic meme "Pepe the Frog" in Matt Furie's "Bo's Club" cartoon. In 2008, it became popular on cultural forums such as Mspace, Gaia Online, and 4chan. In 2015, it became one of the most popular online viral images on the social platform Tumblr. Since its launch on the Ethereum blockchain in April 2023, PEPE has received much attention, with its market value rapidl exceeding $1 billion and becoming one of the largest crptocurrencies in terms of transaction volume, making it one of the most worthwhile Meme coins to invest in. Within two weeks of its launch, PEPE unsurprisingl entered the top 100 crptocurrencies b market value.

How to pla Meme on Gate.io? Toda, the price of PEPE broke through to $0.0000065, once again reaching a new historical high. And we know that after reaching a new high, it will onl be higher.

How to Pla Meme on Gate.io?

In a complete bull market ccle, the pattern of fund rotation between sectors is usuall: BTC > ETH and public chain/L2 > current popular sectors > Web 3 infrastructure > GameFi/Metaverse > NFT > Meme/animal coin > the end of the bull market.

The enthusiasm for Meme coins often reaches its peak in the middle and later stages of a bull market, where most people make mone and market sentiment is easil influenced, which also attracts more novice plaers and new funds to enter. Therefore, if ou want to laout Meme projects with excess returns, it is best to look for Alpha at the beginning of the bull market when BTC rises alone.

Ke point: Look for projects with low market value and low unit price.

In the mid to late stages of a bull market, all mainstream currencies skrocketed, and prices such as BTC and ETH were too high, causing investors outside the industr to hesitate. Meme coins, on the other hand, are popular among novice plaers due to their low price, fun, and ease of spread and understanding.

Millions or even billions of Meme tokens can be purchased for just $1, with lower investment costs and the abilit to bring more sense of achievement to new users. Therefore, most successful Meme coins have extremel low prices, usuall less than $1, and the total amount is huge.

Meme coins are easil influenced b external factors, so when investing in Meme coins, it is necessar to continuousl track communit discussions and media reports to measure market sentiment and speculate on price trends and lifeccle.

Gate.io has organied a popular Meme coin section on its official website, where users can directl click on the currenc the are interested in to trade. In addition, Gate.io's unique communit feature will provide ou with real-time updates on the latest user emotions related to Meme coins, so ou can make better trading choices.