Memecoin

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/new-memecoin-rises-as-major-cryptocurrencies-face-downturn" rel="noopener noreferrer nofollow">New Memecoin Rises as Major Cryptocurrencies Face Downturn</a><br></p>
<p style="text-align: justify">On March 19th, the cryptocurrency sector experienced a downturn, with top assets like <a href="https://en.bitcoinhaber.net/microstrategys-strategic-bitcoin-accumulation-spurs-market-optimism" rel="noopener noreferrer nofollow">Bitcoin</a>, <a href="https://en.bitcoinhaber.net/ethereums-price-trajectory-and-investor-gains-analyzing-the-potential" rel="noopener noreferrer nofollow">Ethereum</a>, and others in the red, and the global market capitalization dropping to around $2.5 trillion. Despite the overall market decline, a new memecoin, Slerf (SLERF), has defied the trend and gained traction among investors.</p>
<h2 id="fresh-buzz-in-the-crypto-sphere">Fresh Buzz in the Crypto Sphere</h2>
<p style="text-align: justify">Slerf, riding on the popularity of themed cryptocurrencies, has surged by 70% within 24 hours, reaching a price of $1.30. This new memecoin, originating from the <a href="https://en.bitcoinhaber.net/sam-bankman-frieds-day-of-reckoning-nears-as-defense-battles-for-leniency" rel="noopener noreferrer nofollow">Solana</a> blockchain, has sparked conversations across social media, with many watchers eyeing it as a potentially lucrative investment.</p>
<h2 id="controversy-and-excitement-around-slerf">Controversy and Excitement Around Slerf</h2>
<p style="text-align: justify">Despite its promising start, Slerf faced skepticism when its developer accidentally destroyed $10 million in investor funds during a presale. While the team attributed the mistake to a misclick during the burning of liquidity pool tokens, the event has raised concerns about the project’s management.</p>
<p style="text-align: justify">Other Solana-based memecoins, such as Dogwifhat (WIF) and Bonk Inu (BONK), have also seen success, with their valuations briefly exceeding $3 billion, partly fueled by support from major exchanges like Binance.</p>
<p style="text-align: justify">Such memecoin projects, while potentially offering quick profits, come with high risk and volatility, emphasizing the importance of caution for investors considering such speculative assets.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/new-memecoin-rises-as-major-cryptocurrencies-face-downturn" rel="noopener noreferrer nofollow">New Memecoin Rises as Major Cryptocurrencies Face Downturn</a></h5>

New Memecoin Rises as Major Cryptocurrencies Face Downturn

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