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When the market returns, memecoins will win again

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Are memecoins dead? As a big fan of utility tokens, I’d so much like a factual answer to be YES. But NO. Simply, NO…not even hard to see. While your utility tokens are wallowing in their usual daily -20%, memecoins are the only ones still putting up the numbers. Right, thousands of them are dead, you can say the same about utility coins, some of which are chilling in your wallet. Memecoin bagholders and utility token bagholders, there’s a pattern here… It’s the same thing.

The argument that memecoins ruined the market is very right. I mean, the random retail investor already lost 70% of their capital to some tokens whose name you’ll struggle to pronounce. Well, this is not why your utility coins tanked; they tanked because other holders lost patience and sold them to pursue some trendy memecoins…the project team members probably did the same.

Now that memecoins are having a hard time, they are being pronounced dead. Not even reasonable when Swasticoin ($YZY) just did 10X, and $DOPE went from zero to a $10 million market cap. The list is long, you can always see for yourself. Apart from new utility coin launches that are still enjoying their welcome from KOLs and a few thousand investors, memecoins have actually outperformed the rest of the market…in general.

So, this article is technically meant to say that memecoins are not dead and will still have a run in a healthy market. That’s it, you can stop here because the next paragraphs are only going to explain why.

Alright, why? Well, because the crypto space has been reduced to a gambling room. Every investor wants to make profits, and they want to make them as soon as possible. Another narrative, which isn’t really a fact, is that memecoins are only designed to fuel greed and have succeeded for the same reason. Altcoins achieved so much success because they were tipped as a more profitable venture, relative to Bitcoin. Remember the 2021 comparisons of Bitcoin and Altcoin Year-to-year price growths? This has played a role in the progress of Utility coins since they became a thing. The regular investor will run to what promises the most profit. In the contemporary crypto market, the cleverest investor is one who is smart enough to split their capital between memecoin, Utility Coins, and a little bit of Bitcoin.

Again, memecoins are fun, the good ones are even great…no doubt. Talk about memecoin launchers running scams; utility token development teams have also ripped investors in many cases. While this in no way supports rug pulls and other crazy misdeeds that plague memecoins, it clearly states that both categories are (almost) equally caught in wrongdoings. A popular defense for memecoins is that utility coins are not fair. 50% allocation for project team…uh.

Memecoins, when done right, create a fair distribution system for investors. In the real sense, this is hard to achieve with memecoins. Currently, it is chaos. Some of the chaos is reduced when the dev is done dumping on the investors and the community takes over and revives the project from near-death conditions. Even after that, they still need to face a lack of commitment from holders, MEVs, and the other hidden wallets belonging to the dev. It’s chaos; memecoin and utility tokens. Probably why both of them are wallowing in crashes while Bitcoin stays above $80,000.

Utility tokens, what utility? It might sound like an easy one to answer, but taking a look at 95% of utility tokens will prove that it’s a brain-cracker. The gimmicky and sometimes non-factual whitepaper, unfair reserves for the team, unattainable roadmaps, market manipulation, fake partnerships, and insider trading. I think utility tokens have had their fair share of irregularities… if we are being fair.

When the market returns, the casinos will be open again…they never really closed. This time, maybe even more. If you think retail learned their lessons, wait until the next ‘celebrity’ drops their memecoin. For utility coins, the good projects will win, regardless. And no, I don’t have any suggestions of good projects to invest in; I wouldn’t be 90% down if I did.

Well…

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28/03/2025
Simons CAT: The Billion-dollar CAT memecoin
“Every good meme deserves a Billion”. Not sure where I saw that quote, but there is a good theory behind it, and regardless of your reservations about memecoins, they represent some of the core crypto and blockchain cultures – fair launches and community-driven growth. Like Bitcoin launched as a smart contract token, they skip the part where VCs accumulate majority of the supply at massive discounts before launch.

Now, many memecoins don’t even meet these criteria and in the midst of rug-pulls and fake CTOs, even fewer memecoins meet the ‘community project’ tag. I have a handful of personal picks, my new favorite is Simon’s CAT – the buzzing memecoin project on the Binance Smart Chain (BSC).

What/Who is Simon’s CAT?

From the origin, at least 6 million people around the world love Simon’s CAT; not the memecoin, the animation series on YouTube that inspired the memecoin. Simon Tofield does great animations! And just Like Matt Furie whose ‘The Boys’ animated characters are all meme and memecoin sensations now, all of Simon’s Six CATs should follow the same route.

If you are wondering, the Simon’s CAT memecoin is genuinely endorsed by Simon’s CAT animation creators. Simons CAT was launched on the BSC network on August 22, 2024, and has matured into the network’s most active project. In its 2 month months of existence, it has garnered over 232,000 holders and hundreds of thousands of active social media followers and evangelists.

While this is not necessarily a shill, Simons CAT could be the next billion-dollar memecoin. But Billion-dollar projects are not just created, they are made. The rally up to a billion-dollar valuation and beyond is a stiff run. At $237 Million market cap at the time of writing, you’d ask why Simons CAT is a candidate for this milestone. Fine, I’ll go first…

Well, it’s a cat…obviously.

Dogs are man’s best friends, but so are cats. Simon has 6 awesome furry friends and if you think owning one cat is cool; try owning two. Cats are cool…just saying. Dogs dominate the animal-themed memecoin category; several billion-dollar dog coins, but cats are making a statement and could be the next breakout memecoin narrative. Unlike the ubiquitous dog memecoins, only two noteworthy CAT coins exist to date Simon’s CAT and MEW (Cats in a Dog’s World). Cats will vie for a share of the attention on animal-themed memecoins and only two projects are well positioned for the lion share. This is the new meta…

It is the Biggest memecoin on the Binance Smart Chain.

Every reputable blockchain network deserves a billion-dollar memecoin. Top networks like Ethereum and Solana have several memecoins valued over a Billion dollars and even more valued close to this. BSC is unarguably a tier-one blockchain network and is yet to produce a billion-dollar memecoin. If you need a conspiracy theory, then this is one. Technically not reasonable that BSC is yet to host a top-ranked memecoin project. Simon’s CAT takes the lead, it practically revived community-driven projects on the network. Considering how Coinbase supports projects on the Base network, CAT could be the next project on Binance’s radar. The listing on Binance Futures might just be a start. Binance supports, cool cats…

Ok, the memes are great.

Yeah, what else would you want from a memecoin project? Utility? Nah, the memes are great and the community is loud. That’s all it takes to go to the moon. Over 6 million people like the Simon’s CAT animated series enough to subscribe to the YouTube page, now imagine 6 Million and more investors liking the memecoin in the same way, that’s about thirty more than there currently are. Whether that happens or not, the memes are great!

Cult Followership

The cult culture is forming on Simons CAT. A little gaze shows that. Cults are the giga-brains behind top memecoins. The Simons CAT community is growing with hundreds and thousands of members who simply can’t stop talking about their project and investors who simply can’t stop throwing money into the project. With a potential interest from memecoiners on other networks, this exclusive brand of community members is set to expand and the CAT cult could be one of the most vicious yet!

Relevant partnership and support

Simons CAT was recently listed on Binance futures, despite not being on the spot exchange and any relevant tier-one exchange. OKX exchange listed the asset briefly after the Binance futures listing. In addition, the project has received shout-outs from key opinion leaders and memecoin influencers. KOLs are handy for projects looking to build a community, Simons CAT is on the books of some of the most popular memecoin influencers, this is an ingredient for rapid community growth. With the support of other reputable projects and industry leaders, the Simons CAT rally to a billion might just be a distance away.

Industry dominance

Simons CAT carves a niche for itself, it takes a shape only very few memecoins can boast of. By turning a world-class animation into a thriving meme, it dominates another meta not usually talked about. From its own niche, it is spreading and striving for dominance in the memecoin sector. First, the Cat memecoin sector and then the memecoin category as a whole, Simons CAT is moving up the ranks. A new industry favorite could be brewing…

Building a case for a rally: Summary of thesis for a billion-dollar valuation.
- Genuine IP rights for the original Simon’s CAT series.
- Enthusiastic community with a cult culture and an addicted team
- Recognition by Binance and industry leaders
- Relatively young market (only a few tier-one exchanges have listed the project yet)
- Again…it’s a cool cat!
Should I buy a $CAT?

The pet? Yes! This memecoin? Well, this article discusses Simons CAT positively, but the crypto market is an aggressively volatile market, therefore, every financial advice should be taken with a pinch of salt, and this is not financial advice. Every genuine memecoiner sees value in community and insane communities make successful memecoin projects. Simon’s CAT community and the leading team tick that box. We reflected on the possible catalysts for a positive price development in the short and long term, however, they are plain theories and should only make up a part of an investor’s personal research process. Always base your investments on proper research and invest according to your risk tolerance levels.

Note that there could be several memecoins with the same name. This article discusses the original Simon’s CAT memecoin on Binance Smart Chain. Contract address: 0x6894cde390a3f51155ea41ed24a33a4827d3063d

Closing up…

The memecoin wave is turning into a supercycle. The next project to go from a few hundred million to a billion and higher is probably a memecoin. Like a gambler in a casino, my cards are on Simon’s CAT for the reasons discussed in this article. Going by the fundamentals for memecoins, it’s a no-brainer. However, a low-risk way to get involved is to be a part of a thriving community, like the one behind Simon’s CAT. As the biggest memecoin project on the BSC network, $CAT packs a punch for sure as it easily gains the attention of a large stream of investors.

Retail is watching closely and memecoins are built for retail. In recent times, we have seen just how enormous this could be. Simon’s CAT has what it takes to be the next breakout memecoin project and with the community’s spirit staying high, it might only be a matter of time!

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30/10/2024
Snack Talk: The Steak

25 years is not exactly fitting for an $8 billion fraud, but the justice system is a ‘god’ figure and has a very little history of being queried successfully. The Luna guy is still being shipped through prisons; we might have a prison break soon. Wonder how many memecoins we’ll be getting from these stories? Should be a lot.

I’m taking some time off to add one more episode to this series and it’s not because the steak tastes nice…well, maybe; but it’s been a while since the last one. There’s been a few notable events since then; like Bitcoin reaching new ATH and memecoins shitting on ‘blue chip’ utility coins. This could change when the AI wave returns. But before that happens, enjoy seeing a new dog stuff in the top 50 ranks when you open your Coingecko application.

About a week to another Bitcoin halving, last time it happened, we had some miners closing up their mines and moving on to ‘better things in life’. Well, they came running back when Bitcoin did that price bump thing. This time might be different, it is the healthiest I’ve seen Bitcoin before a halving. Almost 6X up from the previous halving. We’ve had at least 20X scams and 200X rug pulls since then, but the ‘investors’ greed is still at ATH. That might help push this thing to $250k and you’d be able to pay off the lease for your Lambo.

The light is all on Bitcoin, but some other guys will be halving too, BSH, LTC…and BSV. Still a fan of Mr. Wright. A real comedian, that one. If the Boomers and Millennials at Blackrock don’t buy up all the Bitcoins, then retail could still feast on the debris this year. It might be the other way around since this space has been overtaken by Wolves. They went from memecoin rug pulls to pre-sales, that’s just a simple evolution.

Not sure how long I could go without mentioning the lifeblood of the current crypto space – Airdrop Hunters! It’s been quite a year for anyone in that hustle. Tons of ‘projects’ launching with an airdrop taking the lead. And yeah, the earndrops. Those ones are the real money mines, but not really for the hunters. You could simply launch anything with incredible liquidity and Market Value. Just make sure you grease the palms of the airdrop hunters, sorry, community. And community is everything…I think so.

I’ve got a ton of respect for the real builders in the space, the ones working hard to create new narratives that will be eventually overtaken by scammers and memecoiners who are still a subset of the former. The real competition in proliferation is between memecoins and ‘AI-powered’ projects. ChatGPT is probably the most forked or ‘leveraged’ codebase since Sam and his friends announced it. We could see something similar when DePins and RWAs hit the ground running.

Anyway, very excited about the Fetch.AI, AGIX, and OCEAN merger. In a space where everyone is launching pieces of mediocre projects, it is a breath of fresh air to see three reputable projects come together to build something that could actually help. Decentralized AI is the way to go and this is just the right time to make such moves. ASI has all it takes to be a leading figure in the crypto and mainstream AI space. No pun intended, super excited for this one!

Well, it’s almost 600 words and this rambling is meant to be 600 words long maximum. But the steak doesn’t taste bad. Even if it does, the cost is something to consider. Might be a while before the next episode drops. But there’s been like five already, you can binge-read till the next one. Probably when Bitcoin hits $100K…if it does.

12/04/2024
Minor updates to the Medium publication

The CryptocurrencyScripts Medium publication has been running for only about 10 months. During this time, we’ve been able to onboard several talented cryptocurrency writers and have grown significantly as a publication. However, this is not one of those cooperate press releases, so we will go straight to the point.

We are adding two minor updates to the publication’s layout and would like to inform our community of these updates. Feedback on new and existing features is welcomed!

A Feature page for Curated articles

An average of 30 new articles are submitted to our publication per week, this figure will surely grow in the future. To promote the most impressive articles from the daily submissions, we have added a feature page for handpicked articles. Curated articles will also be shared on social platforms. This is in line with our goal of adding value to writers who submit to our publication.

To access this page, Click Curated Articles on the publication’s Homepage.

Want to submit your articles to our publication? Read this article for more information.

Promotion tabs for Ads

At the time this announcement was made, the CryptocurrencyScripts publication receive over 15,000 views in 30 days and readers spend over 20,000 minutes reading articles submitted to the publication in a month.

With this figure, your project could benefit greatly from running an Ad on our homepage. We are reviewing this feature to ensure mutual benefits for readers and projects running Ads. There could be major changes to this in the future. This will be promptly communicated.

Contact us on Twitter or any of our outlets to Place an Ad.

Yeah, this was meant to be a short one. The CryptocurrencyScripts publication and the project as a whole is a work in progress and the main focus is on the readers and writers. New and existing features will be adjusted to stay in congruence with this goal.

Happy reading!

04/03/2024
What is pump and dump in crypto and how does it work?

Pump and dumps are coordinated manipulation of the value of a commodity for a quick rise followed by a sharp drop in the asset’s value. As the name implies, the ‘Pump’ describes a sharp price growth, while the ‘dump’ describes the following sharp drop.

Pump and Dump is a generic term, with its application cutting across every investment space. However, it has seen more relevance in digital investment spaces. Such practices are easier to effect in environments like these. Such assets include stocks and shares, precious metals, and digital currencies like Bitcoin. This article focuses on Pump and Dumps in the crypto space and how this applies to the everyday trader. First, what is pump and Dump in crypto?

What is Pump and Dump in Crypto?

Cryptocurrencies are known for their volatility. But sometimes, this volatility is influenced by artificial causes and could be followed by a sharp drop. The basic concept is sustained, but cryptocurrencies are involved this time. Pump and Dump in crypto is a common concept, for assets with low liquidity, this is even more common. Crypto pumps and dumps are coordinated and targeted towards a pre-selected crypto asset. The common goal here is a quick profit for the perpetrators. Here’s how it works

How crypto pump and dumps work

The execution of a pump and dump is straightforward,
First, a congregation of traders is built using available social media platforms, then the pump and dump selects a crypto asset and crypto exchangeto be used and communicates the schedule for the event and target price.

During the agreed time, the traders in the community proceed to make quick purchases of the selected asset, this leads to a sharp rise in the value of the asset. The rise attracts other traders to buy into the asset, which further grows the price, when the target price is reached, the traders proceed to sell the purchased asset, making profits and leaving other buyers in losses. The success of the pump and dump depends on how well the community adheres to the plan.

Another step in a pump and dump is the shilling of the asset. This usually starts after the community members have made their purchase. A coordinated dissemination of information about the asset follows. This attracts other traders to take a look at the asset which is already growing in price. This is also known as a pump signal, but it is not limited to this explanation.

What is a pump signal?

For the pump and dump community, a pump signal is a notice of the details of the pump and dump. It is an invitation to purchase the asset before the external pump signal commences. For the non-members of the community, the Pump signal is usually a shill by contracted influencers or community members. This is done by a coordinated positive evaluation of the asset, including the sudden price growth. This attracts more people to buy and grows the price further.

What are Pump and Dump groups?

Most crypto pump and dump groups use Telegram, another known social media platform used by crypto Pump and Dump groups is Discord. Depending on the popularity of the pump and dump group, each community could consist of a few hundred to thousands of traders.

The pump and dump groups consist of different tiers of members. The Admins control activities in the group, including the dissemination of information about the intended activity. The community also consists of coaches who are usually tasked with educating new members of the community’s culture. Older members are also tasked with inviting other traders to the group, this is usually rewarded with perks such as a growth in their rank. This might mean access to more information.

How to detect Pump and Dumps

Due to the widespread volatility of cryptocurrencies, it is hard to differentiate a pump and dump from a genuine price jerk. However, there are a few things to look out for

Liquidity and popularity of asset

If a relatively obscure crypto asset with low liquidity suddenly starts going up massively in price. It is advised to do proper research before buying into the pump. Low liquidity and less popular assets are easy targets for pump-and-dump groups. This is because their price moves up easily.

Sudden hype

One of the ways pump and dump groups boost their profits is by shilling the target asset. If an asset suddenly starts being discussed by social media accounts and popular traders, it is also advised to do further research.

While this doesn’t guarantee it to be a pump and dump, it is one of the common characteristics of known pump and dump cases.

What are pump bots and how can they help you make profits?

The hack in pump and dump is Speed. Your ability to detect the pump, and make quick buys and quick sale is paramount to making profits in your trade. A pump bot can help you do each of these faster and with ease.

Once you obtain information about the assets to be pumped, the pump bot can help you make a quick buy and when you wish to sell, the bot can also help you make a sale. This can be done in a few seconds. Some advanced bots can be automated to make repeated buys and sales according to set algorithms.

FAQ

Are Pump and Dumps legal?

The legal provisions for pump and dumps are not clear, since it is not the same as insider trading. However, from a financial law aspect, they are illegal as artificial manipulation of community prices is illegal.

How much profit can you make from a pump and dump?

How much profit you can make from a pump and dump depends on four factors.

• Your capital
• Your point of purchase
• The Success of the pump and dump activity
• Your point of sale

You can make a substantial amount if you buy early and sell before the asset starts to dump.

Is it possible to join a pump and dump group?

Yes, however, this might depend on the community structure. Some Pump and Dump groups are public while some are strictly based on invitation.

Conclusion

Pump and dump is a turbulent way to make profits. while this can be rewarding, it also has its risks. One of the risks is being trapped when the asset dumps. Traders who fail to take profit before the pump even ends could run into losses. Therefore, it is important to do proper research and invest wisely |

05/02/2024
2024 in the Crypto Space – Year in View.

Bitcoin opened the year at one of the highest price levels ever. Really looking like a solid year, if we don’t ruin it with some funny events. In all my time in the space, I’ve not seen a year as bullish as the one we just entered, but it’s hard to tell the future. $100,000 Bitcoin and $5,000 Ethereum, you are surely expecting your shitcoins to print some good numbers this year too, the Lambo dreams look more realistic than ever. The stars are aligning, but this space has a history of being wild.

This isn’t even financial advice but here’s how we might rock this year;

Bitcoin Halving

At the time this article was written, a Bitcoin miner earns 6.25 Bitcoins for each block they mine successfully. This is set to change later this year after the next Bitcoin halving, stipulated for April this year. 3.125 BTC per block is still a very significant reward. Compared to what miners used to receive, we’ll have a 50% lesser emission rate. This has been shown to have a positive effect on the price of Bitcoin, hopefully, history continues to repeat itself. Bitcoin Cash and Bitcoin SV will also be halving this year; you probably don’t care much, but I just had to put it there in case.

Spot EFTs

If things go as expected, we could have some major developments on the Bitcoin ETF applications from the previous year. The build-up from 2023 was catalyzed partly by rumors surrounding spot ETFs for Bitcoin, Ethereum, and a few other cryptocurrencies. The effect on the value of these assets is out of the question, IF the ETF applications go through, then we can expect some real fireworks, but IF. Apart from the assets with filled spot ETF requests currently, ETF listing applications for more crypto assets could happen in 2024.

Pump it, Nope?

Bitcoin halving and Spot ETFs in the same year. Cryptocurrencies have pumped due to some ridiculous news, these two events are of very much importance compared to these. I’d say we are due for that $100k Bitcoin and $5,000 Ethereum. Altcoins are due for a pump, memecoins too. Everyone, really. Just remember to take profits on some of your ‘blue chip memecoins’ though. This might not last for assets in that class, but this is not financial advice either.

Shift in CEX dominance

Centralized exchanges are controlling crypto trading. For all the average investor cares, this is more than fine. But the thing is, decentralized exchanges are getting better, apart from the periodic exploitations, of course. The big advantage is the freedom it gives investors and project teams as well. The fact that you don’t need to pay a listing fee to create a liquidity pool is cool stuff. On CEXs, listing fees run into hundreds of thousands (dollars). If you are not a liquidity provider, Decentralized exchanges are a bit safe, but don’t forget to revoke access when you are done with your swap. I could make a list of some promising decentralized exchanges; Mute on ZkSync, Uniswap, DyDx, and a few others, but I’m sure there are tons of other excellent decentralized exchanges. These decentralized exchanges will likely challenge CEXs for trading volume. I said, Challenge!

Regulatory crackdowns to continue

We saw many crypto institutions sit in the courtroom and even more invited to investigation panels. Regulatory bodies in different countries are taking a closer look at what we are doing here, and where they see an opportunity, they will certainly swoop; especially if there’s a possibility of going away with a few billion dollars. Don’t get this wrong, the space needs some regulation and we will surely be seeing more of these this year, hopefully they don’t ruin our party!

Bitcoin Virtual Machine (BitVM)

BRC-20 tokens might make the wave this year. SRC-20 tokens as well. But I think another trendsetter will be the Bitcoin Virtual Machine. No need for my personal opinion here, so I will just say what you want to hear; this Bitcoin VM could signal another Era for the Bitcoin blockchain. Decentralized finance and DApps on the oldest cryptocurrency blockchain will be an interesting one to see. Seriously, it will be even better if we just focus on making Bitcoin a perfect P2P payment facility. But that’s my opinion and it doesn’t even matter.

What else?

What else? This post surely didn’t cover everything, neither are the predictions correct. But before you laugh at the ‘ridiculous’ predictions, let’s know what we missed out on, and your personal predictions as well. No, don’t start with Michael Saylor buying more Bitcoin, that’s surely going to happen since the man actually wishes to own every Bitcoin on Earth. Also, what is a Bull run without ridiculous gas fees on Ethereum and some other L1s and even L2s? Maybe good news for projects like ZkSync and Arbitrum. Well, What else?

Concluding, it will be really interesting to see how these events unfold during the year. Sometimes things don’t really work out the way we want them. Hopefully, the disappointment is your memecoin printing a 10X instead of a 100X. Anyways, it’s all the same if you pass up on the profit-taking opportunities. On a more serious note, 2024 might not be business as you know it, even a semi-bear like myself is feeling so bullish! Looking forward to it!

Happy New Year!

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01/01/2024
How crypto fared in 2023

2023 is one of those events you cannot describe with one word. It’s been a hell of a year! If anyone in the government gets to read this; consider extending the holidays. Unfortunately, in the capitalist world we live in, this isn’t even up to the government anymore. One of the year’s biggest events in crypto is Bitcoin’s climb to $44,000 from levels below $17,000. An over %150 rise in a year is a significant one. Ethereum hit $2,300 as well…at least we are leaving this year better than we met it. Yes ‘WE’.

Well, while you decipher that, here are some of the notable events of the year;

Rug Pull, court, jail

Forbes’ ’30 Under 30’ is the new prerequisite for jail time, at least that’s the new conspiracy theory. It’s not really a ‘theory’ when we’ve seen it play out quite a couple of times this year and even the years before. In the crypto space, there’s been lots of court time and jail time. Luna guys, FTX guys, and maybe Binance too. Different levels of Rug pull. We will keep calling out the memecoin rugpulls, but the CEX rugpulls are a thing. The space needs regulation, no doubt, even though the regulators aren’t the best kind of people. Several interventions have seen notable figures in the space go through court sessions and potentially, jail time. Financial crimes aren’t a joke, but we can’t keep ourselves from finding something funny out of any situation…like the courtroom painting of Mrs. Caroline.

Institutional insurgence on crypto

Multi-billion dollar mainstream financial institutions are steering into the crypto space in many ways. The mainstream VC invasion has been a thing for a while, but some big money institutions are launching spot ETFs for cryptocurrencies. Bitcoin, Ethereum, Bitcoin Cash, and LiteCoin. According to rumors, there is one for XRP…and PEPE. Not sure about these two but if the rumors are true, then the theory about mainstream institutions “coming for your Bitcoins” might be true as well. The BlackRock spot ETF for Bitcoin is yet to launch, but ‘rumors’ have it that we are close. Didn’t happen this year, maybe next year. Regardless, of the intent, we are seeing an increased mainstream exposure. This could be good for the price, we are not sure what it means for ‘Satoshi’s Vision”, but the random altcoin trader will take a solid 10X over that.

L2, Meme, Cashout, repeat

Over 11,000 cryptocurrencies are listed on asset-tracking platforms. Untracked assets are at least twice this figure, mostly memecoins. ‘Blue chip memecoins’, RugPull memecoins, and proper memecoins that accept their fate as being reliant on pumpamentals…and luck. But if you made that quick 10X on assets like this, then you can proudly enjoy your win. Like the past two years, 2023 witnessed a flood of memecoins, just like the tons of Layer-2 scaling solutions that launched this year. For each new L2, there are at least 50 memecoins, we’ve lost count of the memecoins on Ethereum and other L1s. Many L2’s usage statistics ride on the back of memecoins, and this is fine. We just want you to know that Memecoins didn’t die in 2023, we’ll check again in 2024.

Bitcoin – The new ‘Ethereum Killer’

BRC-20, BitVM…the Bitcoin blockchain now runs its own kind of smart contract. On the bright side, you can inscribe data on the Bitcoin network, on the other side, the Bitcoin blockchain was developed for the sole purpose of P2P transactions. The experiments are cool, but the after-effects are also significant. But this is not the time to say these; this paragraph only serves to inform readers that Bitcoin could be gearing up for a (very) new set of utilities. BRC-20 tokens and NFT-like inscriptions made the wave in the second and third quarters of 2023. The hype has died down since this time. The team behind BitVm is developing a Virtual Machine for the Bitcoin blockchain, these developments could shape 2024.

The Airdrop hunting continues

Every new protocol that launched in 2023 reached the one million user milestone in a very short time. We’d like to attribute this to the quality of these projects. But once we are done with that, we’d also like to talk about an obvious major contributor – Airdrop hunting! Lots of juicy airdrops from 2020-2022 and no one wishes to be left behind in the next multi-thousand dollar earndrop. So, the hunting continues. Good enough, even more projects have conducted such programs this year; Arbitrum, Celestia, PYTH network, no need for a long list. The average airdrop hunter should have something to show for the ‘hustles’ this year!

Not to jinx it, but 2023 looks like a perfect tone-setter for a massive 2024. The coming year is packed already and this year has done a good job at shining the lights to even better things…hopefully. If we don’t witness another Luna-level collapse, 2024 might just be the year. 2023 was a huge role-player here. The whole space has gone through a huge rebuild and regardless of how it went on individual terms, it is another one for the record books. And if you ever thought memecoins would fade out one day, this year is a good reminder that things like this are part of what makes this space what it is. The lights fade; the show continues in 2024!

Follow up with CRYPTOCURRENCY SCRIPTS to stay refreshed in the crypto space with comprehensive articles and important tips.

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27/12/2023
The 2023 scripts – CryptocurrencyScripts Annual Report

CryptocurrencyScripts serve one purpose – to give investors something to read; when they wish to. We admit that the current setup isn’t perfect for this goal, but this is a work in progress. For the ‘work’ in progress, we have spent another year working on everything we want CryptocurrencyScripts to stand for; humor, simplicity, and versatility. In general, 2023 has been another step in the right direction.

Wrapping up an impressive year, we present our annual report, as usual. We understand that our readers could have missed some significant developments, or better said, some developments we feel are ‘significant’. Now, we aren’t good with hype words, so the following updates are as plain as they can be!

Here’s how we ran through the year;

In 2023 we;

Built a community for Writers…and readers

The regular cryptocurrency investor is more interested in partnership, airdrop, and technical exploitation announcements. How-to guides come immediately after these. Lesser attention is paid to regular articles, which form the bulk of our publication, but we are glad to operate in this area, and we are assembling other writers who hold this belief too. As part of our effort to pool writers into a single community, we created the CryptocurrencyScripts medium publication. Don’t ask how we could afford the $50 annual medium membership for this feature! Just visit the Cryptocurrency Scripts Medium publication. Join a community of writers.

FYI over 700 investors read our publication every month! Rookie numbers? Nope? Thanks!

Didn’t stop writing

We are writers at heart, for the passion and the Pa$$ion. The former supersedes and this is why we keep working on the next paragraph. For cryptocurrencyScripts, external projects, and for individual media projects, we didn’t stop writing, and we are planning to change this anytime soon, even when the readers stop reading. CryptocurrencyScripts is built with words, for words.

Traded memecoins

Before you read the next words, CryptocurrencyScripts is not a fan of Memecoins. But we’d like some quick profits and memecoins are some of the quickest movers, and we mean this in both directions. So, we dabbled into a few of them; the dog-themed ones. We can’t say the same for the writers in our community, but if you are still wondering how we got $50 to pay for a Medium membership, your answer might be staring at you.

Watched the Charts

If you trade memecoins, or any digital asset, then you surely watch the charts. That’s what brings us all together. We weren’t left out, GeckoTerminal to watch memecoin charts and Coingecko to watch every other chart. DexScreener is cool too. You certainly have your picks, TradingView probably. Whichever one, the number of times you open these in a day is what sets you above others. We should be somewhere at the top of the list.

Started the Snack Talk series.

Everyone loves to shit-talk while they chew on a sugary snack. Same here! We started a series where we pick up snacks and talk about the crypto space while we eat them. Not a serious thing to do? Of course, you are right, but it’s certainly a fun thing to do, which is why we do it once in a while. The crypto space is only fun during the Bull Run, so the series is a bit slow. If the bull season eventually returns we can drop these things faster.

What’s your favorite snack? Check out our snack talk collection.

Closing up; We are gradually drawing the curtains on another rewarding year and are even more inspired to do better next year! If there is anything we are most proud of, it is the fact that you are reading these words and probably enjoying them. We are growing as fast as we can, organically, and we want our readers and followers to be made up of people who are interested in reading more from us. Remember to hit the follow button if this is you.

20/12/2023
How DexCheck improves investment success

DexCheck is your crypto investment assistant. Just like investors in any other sector, cryptocurrency investors are in constant search of applications that help them make more informed decisions and also lessen their investment research and routine trading workload. Investors have found applications in DexCheck’s ecosystem really useful. DexCheck’s principal goal is to improve an investor’s chances of making a profitable trade. These applications are structured to suit investors of different abilities. If you are searching for a one-stop investment assistant, DexCheck might just be it for you. Let’s take a look at how DexCheck is empowering investors using diverse applications;

Automated portfolio manager: Smartfolio

The smartfolio is a Telegram-based portfolio manager. Smartfolio keeps a watch on your investment for you while you focus on other aspects of your investments. By developing a portfolio manager that works on the Telegram application, DexCheck selects an application that investors use routinely. Telegram is one of the most widely used mediums of conversation and smartfolio fits in just well. Investors can receive push notifications about changes in the price of the asset they invested in and decide their next moves. To use the smartfolio, investors simply need to interact with the bot and enter details of their investments, this includes the assets and the amount they hold.

Smartfolio can also track assets in a provided wallet, an investor simply needs to provide the wallet details. Smartfolio connects to the wallet to obtain information on assets being held on supported blockchain networks. Smartfolio currently supports over 10 blockchain networks, this could improve with time as well.

On-chain analysis with clear-cut technology

DexCheck has developed wallet trackers, Dex trade analytics application, top traders’ trackers, and whale trackers as well. These applications are designed to obtain information from the blockchain and present pre-analyzed data to investors in a way that allows them draw conclusions easily and accurately. On-chain analysis can reveal information for investors, but most investors either use them inappropriately or below their maximum capacity. DexCheck’s on-chain analysis tools guide investors towards making the best out of on-chain data.

AI-engineered investment insight application

InsightGPT is another utility application on the DexCheck ecosystem. InsightGPT used artificial intelligence to analyze trades on decentralized exchanges. It obtains trading data and evaluates them to detect high-profile trades. These trades are usually from traders with high positive PnL and assets traded between wallets with running records of profitable trades. DexCheck informs investors of such trades and allows them to decide their next moves. These insights are actionable, they are ‘useful’ to investors.

Passive income opportunities and investor empowerment

For investors who hold DCK – the native token of the DexCheck ecosystem. DexCheck offers numerous ways to benefit from investing in the project. DexCheck’s revenue-sharing program allows investors who hold DCK to benefit from the fees generated on the platform. Holders also have access to pro trader applications and can also benefit from staking programs on-chain and on centralized exchanges.

Closing Thoughts

What’s your approach to trading? Traders seek profits in different ways and different levels of success have been recorded for each approach. But if you seek to pursue investment success through well-researched investments and by augmenting this research with efficient tools, then you might want to give DexCheck a try. The smartfolio and InsightGPT have seen a higher user headcount, but other analytics tools in the ecosystem are also thriving. We have reviewed these applications and how they work, investors can also seek better ways to put them to use.

Having said this, it is important to note that this article only educates users on applications in DexCheck’s ecosystem and is not financial advice.

20/11/2023
DexCheck is solving a billion-dollar problem.

The bulk of crypto transactions are peer-to-peer transactions and trading transactions the former might not always be profit-oriented, but for a majority of cryptocurrency trading transactions, the participants hope to generate significant profit from their transactions. Compared to other financial investments, crypto investments are ‘special’. The technology and the core financial aspects intercept at a point.

Cryptocurrency investors report grave losses annually, these losses run in billions, cumulatively. On individual terms, investors have reported losses ranging from a few thousand to even millions. There are some common causes; in any case, the most popular one is the lack of correct information. While many investors simply gamble their investments, a good portion perform actual research, but unfortunately, adequate tools for this process are unavailable at times. DexCheck – a blockchain and AI project is putting up solutions to the core issues investors face in the crypto space.

DexCheck’s solutions are tailored for the everyday investor. It is an ecosystem of tools that are focused on assisting investors to make the right decisions. Here’s how DexCheck solves these issues.

Trading losses to wrong information

Thanks to decentralized trading platforms, routing trading transactions can now happen on-chain, exclusively. Even investors who trade on centralized exchanges leave footprints of their activities when they move their funds to their personal wallets. Part of an investor’s research process is studying the on-chain activities of other investors and using information obtained from this process for their own good. Investors fail at getting the right information from on-chain analysis because these information are raw and sometimes hard to piece together.

This is where DexCheck shines. DexCheck is developing a suite of applications that can be used for on-chain analysis. DexCheck’s applications track activities on decentralized exchanges, and individual wallets to obtain raw data and process them into useful information for an investor. It removes human error from on-chain analysis and offers machine-level accuracy to information obtained this way. DexCheck also has analytic tools that track high-profit wallets to enable users to trade along with investors who are markedly more informed than they are.

Trading losses due to poor timing

Crypto trades happen quickly and cryptocurrencies are known to be volatile. Therefore, significant changes in asset value can happen in the shortest period and traders who fail to follow up with these changes could run into losses. Also, many investments, albeit brilliant, were made at the wrong time. DexCheck offers two solutions to this; first, a tool that allows traders to execute trades quickly and tools that track the movements of other investors in real time and notify the investors.

The first tool is the DexCheck Telegram trading bot, the second tool is DexCheck’s InsightGPT. DexCheck’s trading bot allows investors to trade from their Telegram messaging applications. This bot connects to decentralized exchanges in over 15 blockchain networks and allows decentralized trading of over 1000 crypto assets. investors save ample time by completing their trades from the Telegram messenger interface as compared to visiting a DEX, connecting their wallet, and going through the process of setting up the pairs.

InsightGPT is a powerful trading assistant powered by Artificial intelligence and developed with gilt-edge data analytics algorithms. It screens traders’ transactions to detect high-value trades and notifies investors using simplified language to ensure that every investor is able to comprehend the message it conveys. High-value trades are trades that have high chances of being profitable. InsightGPT users have reported increased profits.

Reluctance to trade due to trading complications

Crypto is complicated, no doubt. The basic technology is daunting, but this is just the smallest part. Sometimes the procedure for other trades is more complicated than usual. Traders miss out on good gains because they are reluctant to take the long route to purchase these assets. DexCheck’s Trading bots tackle this by handling trades on behalf of the users and offering a simpler route to buying and selling crypto assets. DexCheck makes crypto trading relatively easier and puts traders in charge.

Closing Thoughts

Investors are trying out DexCheck, the results have been impressive so far and these tools are still being built. With scheduled upgrades and new additions, DexCheck’s applications are set to work even better in the future. The billion-dollar problem is investors losing tons of money to the issues presented above. DexCheck operates in a trillion-dollar market and offers utilities to traders. As investors levitate to these solutions, it will be interesting to watch how the project grows in the future.

17/11/2023