CHUCK Meme Coin That Aims To 'Make Ethereum Great Again' Skyrockets 25,800% Hours After Launch, Leaving Dogecoin, Shiba Inu In The Dust
Portfolio Pulse from Mehab Qureshi
CHUCK, a new meme coin built on Ethereum, surged 25,800% hours after its launch, outperforming Dogecoin and Shiba Inu. With a market cap of $4.16 million and a trading volume of over $6.62 million, CHUCK aims to 'Make Ethereum Great Again', distinguishing itself from other meme coins on the Solana blockchain.
April 03, 2024 | 8:14 am
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POSITIVE IMPACT
CHUCK's launch and performance on the Ethereum network could enhance Ethereum's visibility and attractiveness for hosting meme coins, potentially increasing ETH's demand.
CHUCK's significant performance and choice of Ethereum for its launch highlights the network's capabilities and community support, which could attract more developers and investors to Ethereum, positively impacting its demand and price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Despite a modest increase of 2-4% in the last 24 hours, Dogecoin's overshadowing by CHUCK's launch could temporarily dampen investor interest.
CHUCK's dramatic surge and media attention could divert attention and investment away from Dogecoin in the short term, potentially affecting its price negatively.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Shiba Inu's slight increase in value could be overshadowed by CHUCK's significant launch, potentially affecting SHIB's short-term investor interest.
The attention and investment drawn by CHUCK's launch and performance might detract from Shiba Inu, potentially leading to a temporary decrease in investor interest and price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60