🚀 CMC Market Pulse: Looks Like Memecoins Are Back on the Menu

Crypto market cap steady at $2.209T!
Murad Mahmudov's $387K memecoin hits $24M!
Scroll announces SCR airdrop!

Let's unpack this week's crypto market 🧵

1/6 📈 Market Overview:

Total crypto market cap up 0.36% to $2.209T.
BTC down 1.56%, ETH up 0.56%.
Altcoins outperform with TOTAL3 rising 1.8% against BTC.

2/6

Introducing ‘CMC Labs’ 💥
CoinMarketCap’s Web3 Startup Accelerator Program


#CMCLabs is designed to launch builders to the global stage 🌎
🔹 Comprehensive Curriculum
🔹 Dedicated Growth Package
🔹 Networking Mentors/Investors

<1/5> coinmarketcap.com/events/cmc-labs
CMC Labs startups are supported & guided by
The world’s largest crypto database #CoinMarketCap

🏆 24K+ Coin/Tokens
⭐ 1.6M+ Cryptocurrencies
📈 650+ Exchanges

<2/5>

[#CMC 2023 #crypto Playbook] - According to CMC 🚀

Using interesting findings from our data with collaborations from other research entities, we analyze what happened in 2022, and what the #crypto key theses are going into 2023.💪

<1/10>
coinmarketcap.com/alexandria/art… 1⃣ #DeFi

Some themes to follow for the next year from @Uniswap & @TrustWallet

🔹How DeFi UX/UI improves to bring more new #crypto users into the sector
🔹How both education and infrastructure will grow
🔹Whether #DEXs can eat significantly into #CEXs market share.

<2/10>

#CMC x @glassnode: Analysis of the #Ethereum Beacon Chain before the Merge 🔥

With the coming #ETHMerge, this report looks at the Beacon Chain performance, and introduces a suite of new metrics to help understand the #ETH #PoS system 👇

coinmarketcap.com/alexandria/art…

<1/5> In this report, we will take a look at the #Ethereum network through these aspects:

🔹 Block Production & Participation
🔹 Validators Replace Miners
🔹 Validator Performance & Review

<2/5>

#CoinMarketCap and @TheSpartanLabs: State of the DeFi Industry Report
coinmarketcap.com/alexandria/art…

#DeFi: Reborn is the latest report by CMC and #SpartanLabs — covering the current state of DeFi, lessons, and progressions for DeFi to advance Is #DeFi dead?

👉 Now, this is a tricky question to answer.

<2/6>

What if, you can track data beyond price movements? 👀

Here’s a sneak peek of CMC’s new upcoming Alpha-Feature #DexScan 🔥

<1/6> With #CMC's upcoming “DexScan” Alpha-Feature, users can also follow:
🔹 Accurate on-chain DEX data
🔹 Price data for long tail tokens & their users
🔹 Search function on token, contracts, pairs, etc

<2/6>

From #CMC x @glassnode Report #1:

During this de-leveraging process, many investors sought safety in #stablecoins.

This is the first time in history, the aggregate value of these stablecoins has now flipped #Ethereum.

<1/4> 🔸 $USDT circulating supply declined by an incredible -$17.24 Billion since 11 May.
🔸 $USDC supplies have risen by $7.3B over the same period of time.
🔸 $BUSD supplies have also grown by $0.7B.
🔸 $DAI supplies have contracted by $1.6B.

<2/4>

In the last half a decade, dozens of countries have announced plans to launch a #CBDC of their own.

Indeed, according to @AtlanticCouncil, a staggering 105 countries are now exploring CBDCs, including 19 countries in the G20.

<1/8> Out of the G7 economies, the UK and the US are the furthest behind in terms of CBDC development, whereas a total of 10 countries worldwide have already launched their CBDC (including the Bahamas, Jamaica, Nigeria, and several countries in the Caribbean.)

<2/8>

How did Margin Calls affect the market in recent weeks? 👀

#Ethereum lost over 53% of its value, seeing $219 Million in long liquidations that same day, and collapsed from $1440 to $1200.🔻

<1/4> For #Ethereum, failure to defend the $900 and $700 price points could result in major liquidations across popular #DeFi lending protocols.

<2/4>

On June 13, the #crypto market suffered over $1 Billion in liquidations over 24 hours.

In the month of June so far, #Bitcoin suffered a drawdown of over 43% 🔻

<1/6> According to data from Coinglass, a staggering $343 million in $BTC longs were liquidated across the top 8 derivatives exchanges on June 13 — sending $BTC tumbling from $27k to under $23k in a day.

<2/6>

What type of #crypto trader are you? 👇 Day traders are the most devoted to the trade.

They are mostly involved in the market during the most active hours. In most cases, they make a living out of crypto trading.

(1/15)

In the race to produce cheaper, more efficient smart contract platforms have launched in the last few years.

Many of which promised incredibly cheap transaction fees — but how have they actually held up?

Let’s dive in with @CMCAlexandria! 🔥

coinmarketcap.com/alexandria/art… (2/15)

Still the most active EVM-compatible chain by number of daily transactions, @BNBCHAIN has seen its average transaction fee shrink over the last year — falling from $0.36 to $0.3.

This makes it the second-most expensive EVM chain by average tx fee, behind Avalanche.

(1/8)

@apecoin has taken the web 3 world by storm! ⚡️

What Is ApeCoin? Features, Tokenomics and Price Prediction 🎉

@CMCAlexandria takes a deep dive into APE, the primary token of the Ape Ecosystem. ⤵️
coinmarketcap.com/alexandria/art… (2/8)

The APE Foundation announced on March 16, 2022, the launch of ApeCoin token.

Governed by the ApeCoin DAO, ApeCoin is a token for culture, gaming and commerce that the community owns and can build on.

The APE Foundation is the steward of ApeCoin.

Something is coming!? (Countdown: 1/7)

#BigBang #Gravity #Newton #Blackhole #Genesis Why are we joining (Twitter, Facebook, Telegram, Discord, Medium, 6th-Dimension, etc) in order to follow one Token's news? (Countdown: 2/7)

#Absurd #Clutter #Mess