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No Gas left in the tank for Fartcoin as price plunges more than 90% from its January all-time high 🚨📉

Fartcoin runs out of Gas as price plunges more than 90% from its January all-time high 🚨📉

Solana (SOL) is currently trading at $143.52, with a 3.92% increase in the last 24 hours. Its market capitalization stands at $72.83 billion, and the 24-hour trading volume has reached $3.01 billion. Solana is a highly functional open-source project that leverages blockchain technology to provide decentralized finance (DeFi) solutions. It supports smart contracts and facilitates the creation of decentralized applications (dApps). The Solana protocol is designed to facilitate fast and secure transactions, making it an attractive option for developers and users alike. Fast Transaction Times: Solana's proof-of-history (PoH) consensus mechanism enables fast transaction times, making it suitable for high-performance applications. Low Gas Fees: Solana's gas fees are significantly lower compared to other blockchain platforms, making it an attractive option for developers and users. Smart Contract Support: Solana supports smart contracts, enabling developers to build decentralized applications (dApps) on the platform. Solana has gained significant attention in recent times, with many experts predicting a bright future for the cryptocurrency. However, as with any investment, it's essential to do your own research and consider the risks involved before making any investment decisions.

It's no secret that meme coins can be a wild ride. Pump.fun's recent 92% revenue drop (from $15.38 million to $1.1 million) is a stark reminder of just how unpredictable this market can be. It begs the question: is the meme coin dream crumbling before our very eyes? Meme Coin Market's Current State We can't ignore the external events that have rocked the boat lately. The LIBRA incident involving Argentina's President Javier Milei sent shockwaves through the crypto scene. And let's not forget the massive $44 billion wipeout in meme coin value over a short span. We were all hoping that meme coins would give retail investors a chance to play alongside the big kids, but now, the landscape seems murkier than ever. Look at it this way: the Milei coin shot up to a $4 billion valuation but came crashing down, exposing the manipulative tendencies that seem all too familiar in this space. The Fragility of Meme Coins This latest wave of uncertainty has a heavy toll on retail investor sentiment. Many are understandably distrustful, especially after seeing so much NFT and meme coin action tied to scams and volatility. The SEC's decision not to classify meme coins as securities might embolden the scamsters to go harder, which is a huge red flag for retail investors. Meme coins rely heavily on social media and trends, and that volatility doesn't scream stability or long-term potential. The community seems to be waking up to the risks involved, and they're demanding more thorough research and prudent investment strategies. Strategies to Navigate the Meme Coin Landscape With all that in mind, how can we navigate these treacherous waters? First off, diversification is key. Don't put all your eggs in one meme coin basket. Spread your investments around, and only allocate a small part of your portfolio to these high-risk assets. Second, do your homework. Research the project thoroughly—from the team to community engagement and security measures. Look for those red flags. And lastly, don't forget about gas fees. Knowing what gas fees are in crypto, especially with Ethereum or Solana, can make or break a transaction. Understanding the current ethereum gas fees and how they fluctuate can help you time your trades better. Final Thoughts: The Uncertain Future of Meme Coins Pump.fun's downfall is a wake-up call for all of us. As external events and market sentiment continue to shape the meme coin market, we need to be smart about our investments. Meme coins are enticing, but they're also fraught with peril. The future of this market remains uncertain, but being informed and cautious might just be the best strategy we have right now.. Please Like, Share and comment

The Tron network’s stablecoin market is witnessing a clear leader. USDT has established itself as the primary asset for value transfers and trading. In fact, CryptoQuant’s latest analysis revealed the overwhelming dominance of USDT on the Tron network, which accounts for 98.5% of the total stablecoin supply. USDT’s Market Share on Tron With a circulating supply of $62.76 billion out of nearly $64 billion in stablecoins on the network, USDT has established itself as the cornerstone of Tron’s stablecoin ecosystem. Competing stablecoins hold only marginal shares, with USDC representing 0.06%, USDD at 1.15%, TUSD at 0.26%, and USDJ making up just 0.01% of the supply, as per the on-chain analytic platform’s findings. Notably, the supply of other stablecoins has remained stagnant since March 2024. The same cannot be said for USDT which continued to expand while solidifying its market dominance. Beyond supply, USDT also plays a crucial role in Tron’s liquidity. Its daily on-chain volume from centralized exchanges ranges between $4 billion and $5 billion, spiking during periods of high TRX price volatility. This indicates that USDT not only dominates the network’s stablecoin supply but also serves as a critical pillar for trading activity and value transfers across the Tron blockchain. Data from IntoTheBlock further revealed that the Tron network currently processes over 14 million USDT transactions per week, which represents 69% of all USDT activity. This figure is a notable increase from 61% in late January. Zero-Fee USDT Transactions on Tron Tether’s USDT stablecoin is set to introduce commission-free transactions on the Tron blockchain, according to Tron founder Justin Sun’s recent post on X. The Gas Free feature will allow USDT transfers without requiring TRX tokens for gas fees, making transactions more accessible. Sun invited wallets and projects to integrate the feature through JustLend, which happens to be Tron’s official lending platform. Tron has been known for its low-cost USDT transfers compared to Ethereum, but recent data shows it has become one of the most expensive networks for USDT, with gas fees ranging between $3.06 and $6.22 – significantly higher than Ethereum’s $0.14 fees. As such, the new Gas Free feature aims to restore Tron’s position as a cost-effective stablecoin network by eliminating the need for users to hold TRX for transactions. The post USDT Dominates Tron Network with 98.5% Share of Stablecoin Supply appeared first on CryptoPotato.