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Hong Kong regulators finalize virtual asset trading preparations, allowing exchanges to provide services to retail investors. Crypto exchange Gate.io launches its Gate.HK platform, while ZA Bank plans to offer virtual asset trading under the new licensing regime. In contrast, Terraform Labs CEO Do Kwon faces imprisonment, and memecoins’ prices fall over 50% in two weeks, highlighting their short-term hype-driven value.

Dogecoin’s price increased by 1.5%, reaching $0.073251, with its trading volume rising to $250 million. This momentum may lead to a rally in the coming days. Meanwhile, DOGE payments on Twitter and Dogecoin-based NFTs (Doginals) are also gaining interest. Traders are advised to diversify their portfolios with high-potential altcoins and presale tokens.

Pepe Coin (PEPE) has seen significant growth due to exchange listings, but its reliance on them might hinder future gains. Newer meme tokens like SpongeBob (SPONGE), Copium (COPIUM), and AiDoge offer untapped growth potential, presenting alternative opportunities for traders in the market.

PEPE, a meme token with a 2,500% growth since April, experiences a 63% drop since its all-time high. Despite the decline, high trading volumes and potential major exchange listings indicate a possible rebound. Traders may shift focus to newer tokens like SpongeBob (SPONGE) with promising gains and listings on prominent exchanges.

The popularity of memecoins, such as No Meme Token (NOMEME), is surging in the crypto space, driven by influential personalities like Elon Musk. Despite potential for gains, these tokens also face skepticism due to their price volatility and lack of solid fundamentals. Proceeding with caution and monitoring exchange listings and news is crucial for crypto enthusiasts in this uncertain market.

This update explores the latest trends in the meme coin market, focusing on Floki Inu and the rising interest in low market cap meme coin SPONGE. As the popularity of meme coins grows, investors are seeking early-stage investment opportunities in cryptocurrencies like SPONGE for potential gains.

Meme coin $SPONGE makes a remarkable entrance, listing on Bitget and Gate.io and ranking as the seventh-best gainer in 24 hours. Its impressive performance is attributed to an influx of new buyers, growing popularity, and significant exposure through top-ranked exchanges. Despite doubts, $SPONGE’s potential for further growth is evident with strong industry relationships, a growing community, and partnerships diversifying its presence.

Despite a 24% decline within the past 24 hours, Pepe Coin boasts an impressive 330% increase over the past 30 days. Whales continue to purchase and hold PEPE, suggesting another rally could be imminent. Long-term success, however, may depend on attracting more listings from major exchanges and fending off competition from newer altcoins like SpongeBob.

The rise of BRC-20 tokens on the Bitcoin blockchain has driven market cap growth and sparked excitement, but also presents challenges like increased volatility and network congestion. As these tokens gain mainstream adoption, their long-term impact on the larger cryptocurrency market remains uncertain.

Pepecoin (PEPE) experienced a 2,000% increase in value following its April 2023 launch, driven by zealous memecoin hype. Research analyst Xin Yi estimated the total memecoin market value at around $20 billion, with social aspects significantly influencing investor sentiment and action. However, memecoins carry inherent risks, often resulting in liquidity crunches and losses for smaller investors.

The crypto world has celebrated the arrival of new memecoin PEPE, which skyrocketed over 300% within seven days and achieved a $500 million market cap. Listed on exchanges like OKX, MEXC, and Huobi, it remains uncertain if Binance will list PEPE, as the “Binance effect” may impact its volatile value.