Gary Gensler, SEC-Inspired Meme Coins Soar, Beating Dogecoin, Shiba Inu And Floki Gains
Portfolio Pulse from Mehab Qureshi
Meme coins inspired by the SEC and its chair Gary Gensler have gained significant momentum, beating Dogecoin, Shiba Inu, and Pepe coin in gains over the last 24 hours. This follows the SEC's recent lawsuits against crypto exchanges Coinbase and Binance.
June 07, 2023 | 7:19 am
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NEUTRAL IMPACT
Dogecoin's price increased by 4.8% in the last 24 hours, but was outperformed by SEC-inspired meme coins.
While Dogecoin's price increased, it was outperformed by the SEC-inspired meme coins. This news may not have a significant short-term impact on Dogecoin's price, but it highlights the volatility and competition in the meme coin market.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Pepe coin's price increased by 2% in the last 24 hours, but was outperformed by SEC-inspired meme coins.
While Pepe coin's price increased, it was outperformed by the SEC-inspired meme coins. This news may not have a significant short-term impact on Pepe coin's price, but it highlights the volatility and competition in the meme coin market.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Shiba Inu's price increased by 2% in the last 24 hours, but was outperformed by SEC-inspired meme coins.
While Shiba Inu's price increased, it was outperformed by the SEC-inspired meme coins. This news may not have a significant short-term impact on Shiba Inu's price, but it highlights the volatility and competition in the meme coin market.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Coinbase's stock may be affected by the SEC's recent lawsuit against the company for offering unregistered securities.
The SEC's lawsuit against Coinbase for offering unregistered securities may negatively impact the company's stock price in the short term, as it raises concerns about regulatory compliance and potential penalties.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80