Meme Coin News: Ready for P2E Game, Green Market, and Memstagram on Coinbase Wallet

Posted by cryptonews Crypto News October 14, 2024 1.1k Views

The meme coin market is rising by double and triple digits today, indicating a positive day. According to Andrei Grachev, the market has grown, the TON P2E fishing game CoinFish will launch next week, and the social media app Memstagram will be available on Coinbase Wallet.

Get your weekly, bite-sized digest of meme coin news.

This week read about:
• Meme Coin News: Market Highlights
• Has Meme Coin Market Matured? An Insider Says ‘Yes’
• Memstagram Social-fi Meme-to-Earn App is Featured on Coinbase Wallet
• TON P2E Fishing Game CoinFish Launches Next Week

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Meme Coin News: Market Highlights

Meme coins are having a green day.

Over the past 24 hours, the meme coin market capitalization has increased by 2.5% to $58.3 billion.

Very few coins are red today.

The MOO DENG (MOODENG) coin has suffered the biggest loss over the past 24 hours. It’s down 20.1% to $0.00008239.

JESUS COIN (JESUS) is next, with an 11.5% drop, followed by HarryPotterObamaSonic10Inu (ETH) and Toshi (TOSHI), with decreases of around 9% each.

On the other hand, Goatseus Maximus (GOAT) is the day’s top gainer, having appreciated nearly 140% to $0.1098.

Harambe on Solana (HARAMBE)’s 45.3% led it to the price of $0.04606, while sixteen other coins recorded double-digit increases.

When it comes to the top 10 meme coins per market cap, only three are down today.

Baby Doge Coin (BABYDOGE) saw a 1.8% drop, followed by Dogwifhat (WIF)’s 0.8% and Coq Inu (COQ)’s 0.3%.

The day’s best performer is Floki Inu (FLOKI). It’s up 6.4% to $0.00015.

It’s followed by Turbo (TURBO)’s 4.8% and Pepe (PEPE)’s 4.7%.

The number one meme coin per market cap, Dogecoin (DOGE), appreciated the list. It’s up less than 0.5%, trading at $0.11208.

Has Meme Coin Market Matured? An Insider Says ‘Yes’

According to recent meme coin news, Andrei Grachev, co-founder of multi-stage Web3 investment firm DWF Labs and maker of digital asset markets, has argued that the meme coin market has matured.

He described this market niche as “a well-established and mature part of the industry” in a tweet.

It “leveraged fear and greed on steroids that allows smart investors and traders to make a fortune,” according to Grachev.

He went on to say that DWF Lab continues to prioritize making investments in meme coins.

The company has been supportive of the sector for a while now.

For example, in In June this year, Milady Meme Coin (LADYS) announced a $5 million investment from DWF Labs.

Besides the capital, the company also said it would provide the meme coin project with strategic guidance and ecosystem support.

“We are excited to support their team to unlock more opportunities for development, collaboration, and community engagement,” DWF Labs said at the time.

Furthermore, in September, the team announced a strategic partnership with GraFun, a memecoin launchpad on BNB Chain.

As stated in the announcement, DWF Labs will support tokens launched through GraFun by drawing on its expertise in market making and liquidity provision.

“By supporting liquidity and facilitating seamless trading and market stability, their involvement will help new memecoin projects thrive, reducing volatility and promoting healthier market dynamics,” it said.

Social-fi app Memstagram, built on crypto exchange Coinbase’s Base chain, is now featured on Coinbase Wallet, in a move that makes the app accessible to millions globally.

According to the press release, the partnership improves Memstagram’s mission of “pushing the boundaries of decentralized social media.”

Coinbase Wallet users can now join Memstagram’s ecosystem and earn rewards for participating in the decentralized meme economy.

“An incredible opportunity for us to share our vision of empowering meme creators and crypto enthusiasts alike to own their content and be part of the onchain revolution,” stated Memstagram CEO Ignas Survila in regards to this integration.

The statement also stated that Memstagram will be able to reach a wider audience as a result of the move, which will enhance accessibility and engagement in the on-chain meme economy “without compromising security.”

Users can make memes and interact with them on Memstagram.

By using the AI-powered meme generator or casting their votes in meme battles, they can win prizes.

“The platform incorporates fun, creativity, and blockchain technology, allowing users to submit memes and earn crypto rewards, making meme culture more interactive and rewarding,” the team said.

TON P2E Fishing Game CoinFish Launches Next Week

In other meme coin news this week, blockchain and crypto-focused innovation lab MEETLabs announced that its incubated TON ecosystem clicker game CoinFish will initiate an airdrop event on October 23.

According to the press release, CoinFish is a Web3 game that simultaneously combines fishing with business simulation, eliminating the need for continuous online fishing.

Gamers engage in the management of the marine product market in addition to fishing for food to feed stray cats that they raise.

The “profit per hour” parameter in the game is increased by means of this fish market simulation.

According to the team, it also makes use of varied gameplay and referral programs to boost revenue.

According to the press release, “players can easily obtain daily rewards and interact with friends for mutual benefits” because of the daily activities and task system, which simplify the game process.

Players can also design their own cat-raising circle. To raise cats in the cloud and share Bonus rewards, they can invite friends.

The team claimed that this improved the social and interactive elements of the game.

Additionally, “a series of large-scale Web5.0 gaming products” for PC and mobile platforms, including CoinFishing, CoinHunting, and Monopoliverse, are part of MEETLabs’ invested and incubated Crypto Gaming project, CryptoPlay.

“As the pre-operational segment of the fishing game CoinFishing, CoinFish will also continue to provide more P2E opportunities for community contributors and in-depth participants,” the team added.

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