Altcoins
Brian Armstrong Calls Memecoins ‘Canary in the Coal Mine,’ Predicts Tokenization of Identity, Songs, Votes and More
Coinbase CEO Brian Armstrong says that memecoins are the canary in the coal mine, foreshadowing a broader trend of the tokenization of culture.
In a new interview with CNBC, Armstrong says he expects memecoins to eventually lead to the tokenization of identities, votes and art.
“Memecoins in the broadest sense, I think we should find a way for artists to get paid. Anyone should be able to put artwork and get paid for it. I do think memecoins are a canary in the coal mine, that more and more of the world is going to get tokenized and put on-chain.
Every asset class, every vote, every identity, every song, every Instagram post, whatever – in the future I think more and more of these things are going to tokenized. Now, we also need to make sure people are following the law and not doing pump-and-dump schemes or insider trading, and there probably has been a little bit of that in the memecoin space which is not helping anybody.
In every crypto cycle, there seems to be people who rush in and they forget these lessons of the past, but insider trading should obviously be prosecuted and people should avoid doing that unless they want to go to prison.”
However, Armstrong admits that recent controversies surrounding memecoins – including Argentinian President Javier Milei’s LIBRA promotion – haven’t been a great look for the industry. But, he says that there is still a positive underlying path forward for digital assets.
“I do think we’re in the early stages of this industry so it’s the Wild West a little bit with memecoins right now. There’s good that comes with that which is a lot of innovation is happening.
There’s some bad happening as well from what I understand, it sounds like President Milei accidentally shared that information without actually understanding exactly what he was sharing if you believe his comments.
My hope is that this gets cleaned up and people continue to think long-term about how are we going to create real value for the billions of people in the world who need an updated financial system.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Historical data presents March as one of the bullish months for cryptocurrencies, but there are some exceptions, including this year. With uncertainty and unfilled expectations from the U.S. Strategic Bitcoin Reserve and other factors, the crypto market faces a consistent downtrend. However, the expectations are rising for next month’s crypto bull market, but before this, let’s discuss the top altcoins to sell that lack significant price rally potential.
3 Altcoins To Sell Before March 31
Amid millions of cryptocurrencies, only a bunch offer significant returns, while the others fail. In the current market, almost every digital asset is struggling, but the performance is even worse for some, such as Solana, GameStop, and Official Trump, making them the top altcoins to sell before the crypto bull market. Why? Let’s discuss this.
1. Solana (SOL)
Solana has long lost its bullish performance due to the massive drop in the demand for meme coins. More importantly, it is less likely for the demand to return to its original state per analysts, which is why there are certain doubts about SOL’s price performance.
2. GameStop (GME)
GME was among the top bullish altcoins back in 2024, but that has changed this year. The uncertainty is rising around the gaming company as the GameStop stock price is affected severely by their decision to build Bitcoin treasure. Amid uncertainty and mixed sentiments, investors must consider such altcoins to sell.
3. Official Trump (TRUMP)
Other than its bullish performance at launch, the TRUMP meme coin has only declined in performance per CoinmarketCap. It is often discussed due to its poor performance, insider trading, and other controversial topics. Its bearish performance and controversies build the demand to sell this crypto.
Final Thoughts
Although downtrends and price drops are common, some crypto are not worth holding for longer due to their poor performance and internal issues. As the crypto bull market approaches, consider top cryptos to buy, like Bitcoin and others, such as Solana, TRUMP, GameStop, and other altcoins to sell.
Frequently Asked Questions (FAQs)
Due to their prolonged poor performance and bears’ dominance, investors can consider selling these altcoins.
Based on historical patterns and demand, altcoins like BNB, XRP, Cardano, and others pose a high uptrend possibility.
Experts believe 2025 will witness one of the most bullish crypto bull markets due to the Bitcoin price halving cycle, increased regulatory clarity, etc.
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With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Altcoins
Trader Says Ethereum-Based Altcoin Primed for 240%+ Rally if Major Resistance Level Breaks, Updates XRP Outlook
A widely followed analyst says one decentralized finance (DeFi) token built in the Ethereum (ETH) ecosystem may be gearing up for a massive breakout.
Pseudonymous analyst Credible Crypto tells his 466,000 followers on the social media platform X that Curve DAO (CRV) may increase more than 240% from its current value if it can break through a key resistance area.
“For those looking to buy a dip on CRV, on lower timeframes, we are approaching a key level of resistance on both USD and BTC pairings.
Identify this level (it’s easy enough to do on the four-hour chart) and understand that this region is the most likely place for this rally to the upside to end if the bottom isn’t already in. If we clear this region, it’s clear skies to $2+. As we push into this resistance zone, you want to be watching for a potential rejection.”
The trader says CRV needs to reclaim $0.67 in its USD pair (CRV/USD) to rally toward new local highs, while its key resistance level to break through against Bitcoin (CRV/BTC) is 0.00000633 BTC ($0.55).
“These are the aforementioned levels of interest on low timeframe for CRV. A clean re-claim of the red zone and we should quickly accelerate to new local highs. Lots of untapped local highs above us that are a draw to the upside.
We just need to clear local resistance and have some favorable developments on BTC (aka avoid a BTC nuke back down to low $80,000s). We successfully clear this zone and that is our confirmation that the bottom is in.”
CRV is trading for $0.58 at time of writing, up 10.2% in the last 24 hours.
Lastly, he warns that payments token XRP may be on the verge of a correction.
“I am calling for a drop on XRP and a pump on ETH and CRV. Not everything must move in the same direction at all times.”
XRP is trading for $2.33 at time of writing, down 2% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Altcoins
Whale Who Netted $108,000,000 Profit on TRUMP Books Loss on the Memecoin After President’s Truth Social Post
A whale who previously won big on the Official Trump (TRUMP) memecoin booked a loss on the controversial asset over the weekend, according to the crypto tracker Lookonchain.
Lookonchain notes on the social media platform X that the whale spent $5 million worth of Circle’s stablecoin, USDC, to buy TRUMP right after President Donald Trump posted “I LOVE $TRUMP” on his social media platform Truth Social.
The whale then sold the TRUMP stash an hour later, booking a $207,000 loss.
However, the loss pales in comparison to gains the whale made earlier this year when it spent 1.09 million USDC to buy 5.97 million TRUMP and booked a $108 million profit, according to Lookonchain.
The president launched the Official Trump memecoin in mid-January, days before he took office. The asset has generated controversy in and out of crypto circles, raising questions of corruption in an already heavily questioned administration.
Even Ethereum (ETH) founder Vitalik Buterin said in January that political coins represented “vehicles for unlimited political bribery.”
In a February letter to the U.S. Department of Justice (DOJ) and the Office of Government Ethics, officials at the nonprofit consumer advocacy organization Public Citizen argued TRUMP could be a violation of federal law regulating gifts to government officials.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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