Solana

Memecoin

SLERF

Bonk

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-welcomes-new-memecoin-amidst-downturn/" data-wpel-link="internal">Crypto Market Welcomes New Memecoin Amidst Downturn</a><br></p>
<p class="p1" style="text-align: justify">After significant development over the past few months, the cryptocurrency sector took a downturn on March 19th. Leading crypto assets such as <a href="https://coin-turk.com/bitcoin-fiyati-59-000-dolari-gecti-veriler-ne-diyor" data-wpel-link="internal">Bitcoin</a>, <a href="https://coin-turk.com/ethereum-grafiginde-tehlike-canlari-caliyor-destek-trendinin-kirilmasi-eth-fiyatini-nasil-etkileyecek" data-wpel-link="internal">Ethereum</a>, <a href="https://en.coin-turk.com/sol-coin-price-analysis-whats-next-after-reaching-20/" data-wpel-link="internal">Solana</a>, <strong><a href="https://coin-turk.com/ripple-fiyati-xrpde-buyuk-bir-dusus-mu-bekleniyor" data-wpel-link="internal">Ripple</a></strong>, and many more were trending in red, while the global crypto market value dropped to approximately 2.5 trillion dollars according to CoinGecko. This figure was over 2.9 trillion dollars just a week ago, raising concerns; however, a newly launched token managed to capture everyone’s attention during this period.</p> 
<h2 class="p1" style="text-align: justify" id="the-crypto-market-s-new-memecoin-challenger">The Crypto Market’s New Memecoin Challenger</h2> 
<p class="p1" style="text-align: justify">In the face of negative developments in the crypto market, a newly introduced token is defying the downward trend. Slerf <strong>(SLERF),</strong> a laziness-themed <a href="https://en.coin-turk.com/crypto-market-magnet-dogwifhat-surpasses-floki-in-meme-coin-craze/" data-wpel-link="internal">memecoin</a> built on the Solana ecosystem, has been well-received by investors and has reached $1.30 with a 70% increase in the last 24 hours.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-330132 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/slerf-grafik.webp" alt="" width="1057" height="715"></p> 
<p class="p1" style="text-align: justify">In the past few hours, social media platform X has been flooded with posts about SLERF, and many industry participants have suggested it could be the next token to yield significant gains in the near future. The emergence of SLERF has even caught the attention of leading cryptocurrency exchanges, including <strong>HTX</strong>, which now offers trading services for it.</p> 
<h2 class="p1" style="text-align: justify" id="memecoin-projects-and-investor-behavior">Memecoin Projects and Investor Behavior</h2> 
<p class="p1" style="text-align: justify">Despite its notable progress, the asset drew attention earlier this week when the developer behind it accidentally burned $10 million worth of funds collected from investors during a presale, a move that raised suspicions. The project explained that the incident was the result of a simple misclick while burning LP tokens. The team also added that rectifying the situation might be impossible.</p> 
<p class="p1" style="text-align: justify"><strong>Solana</strong>-based memecoin projects have already created significant hype during this cycle. It’s worth noting that Dogwifhat (WIF) and Bonk Inu (BONK) received support from <a href="https://en.coin-turk.com/binance-to-remove-17-spot-pairs-trading-to-cease-here-are-the-details/" data-wpel-link="internal">Binance</a> and other major exchanges, with their market values briefly surpassing $3 billion.</p> 
<p class="p1" style="text-align: justify">Such assets can be quite attractive as they offer the chance for significant profits in a short period. However, investing in these assets can also be risky and lead to devastating losses due to their notorious volatility.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/crypto-market-welcomes-new-memecoin-amidst-downturn/" data-wpel-link="internal">Crypto Market Welcomes New Memecoin Amidst Downturn</a></h5>

Crypto Market Welcomes New Memecoin Amidst Downturn

Table of Contents

COINTURK NEWS

Other articles published on Mar 19, 2024

Multinational Bank and Mathematical Model Coincide Bitcoin Will Surpass $250,000

Fidelity Adjusts Ethereum ETF Application, Optimistic About Regulatory Approval

$150M In 'Presale' Meme Coins Sent To Random Strangers' Solana Addresses, Investigation Reveals

Daily Market Review: BTC, ETH, APT, EDU, STX

Some Canadians Buy Crypto Just to Pay Ransoms: Survey

Cryptocurrency Market Experiences Significant Drop

Join our free newsletter for daily crypto updates!