Multisig cold wallets: How secure are they really?

The meme coin market is full of surprises, as new trends emerge with every passing day, and the past few days have not disappointed. As the demand for trading bots grows, Solana, being a hotspot for meme coins, has noted the emergence of Axiom as the next big thing.

BeInCrypto has analyzed two other meme coins for investors to watch as they attempt to recover their recent losses.

Animecoin (ANIME)

• Launch Date – January 2025
• Total Circulating Supply – 5.53 Billion ANIME
• Maximum Supply – 10 Billion ANIME
• Fully Diluted Valuation (FDV) – $195.39 Million

ANIME’s price surged by 31% in the last 24 hours, trading at $0.019. The meme coin is now approaching the $0.020 resistance, which it failed to secure in the previous month. This resistance level is crucial for continuing its recent momentum and sustaining upward movement.

If ANIME maintains its current bullish momentum and flips $0.020 into support, it could target the next resistance level at $0.023. A successful breach of this level would indicate a strong uptrend and potentially lead to further price increases, attracting additional investor interest.

However, if broader market conditions fail to support this bullish outlook, ANIME could face a decline. A drop below the $0.017 support would suggest a reversal, with the possibility of the price falling to $0.015, invalidating the bullish thesis and signaling a potential further downturn.

Brett (BRETT)

• Launch Date – May 2023
• Total Circulating Supply – 9.91 Billion BRETT
• Maximum Supply – 10 Billion BRETT
• Fully Diluted Valuation (FDV) – $375.52 Million

Another one of the meme coins to watch, BRETT, has shown significant growth, posting a 46% increase in the last seven days. This strong performance has brought the meme coin to $0.036 despite the dominance of other meme coins in the market. BRETT’s price action shows potential for further growth if key resistance levels are breached.

However, BRETT is now facing resistance at $0.038, a level it failed to breach in March. If the meme coin can successfully break through this barrier, it may rise to $0.042, reaching a new monthly high and signaling continued upward momentum, attracting investor interest.

On the other hand, if BRETT fails to breach $0.038 again, the price could retreat towards $0.030. This would invalidate the current bullish outlook, erasing much of the recent gains and suggesting the meme coin may struggle to maintain its upward momentum in the short term.

Small Cap Corner – Axiom

Axiom, although not a meme coin, has caught the attention of meme coin enthusiasts. This Solana-based trading bot recently saw a surge in demand, making it the largest bot on the platform, surpassing established bots like Photon, BullX, and GMGN.

Axiom’s success is impressive, recently surpassing $100 million in daily trading volume and commanding 41% of Solana’s entire trading bot volume. The rise of bots for speculative trading offers a convenient solution, and Axiom adds to this trend with its one-tap functionality for executing complex trades.

The growing reliance on bots for speculative trading, especially when it comes to meme coins, provides an easier path for investors. As meme coin investments are often driven by volatility, Axiom offers a middle ground for users seeking to trade these assets effectively. Given the increasing interest, Q2 could see a surge in trading bots, making it essential for meme coin enthusiasts to explore these tools.

However, speculative trading, particularly with meme coins, carries inherent risks. BeInCrypto strongly advises to DYOR before diving into such investments.

The post Axiom – Solana’s Largest Trade Bot That Dominates 41% Volume | Meme Coins To Watch Today appeared first on BeInCrypto.

Tether is deploying its existing and future hashrate on OCEAN, a decentralized Bitcoin mining protocol. It will focus on delivering high-performance operations to undeveloped areas, particularly in Africa.

Tether is showing increased commitment to keeping the Bitcoin ecosystem sustainable. This initiative also builds on the company’s previous investments in Africa.

Tether and OCEAN Team Up

Tether, the world’s leading stablecoin issuer, has been diversifying its interests lately. It’s preparing to make major internal changes, investing in a few different sectors, and considering a major stablecoin launch.

Today, Tether is working to advance decentralized mining infrastructure by deploying both its existing and future hashrate on OCEAN.

“As a company committed to financial freedom and open access, we see supporting decentralization in Bitcoin mining as essential to the network’s long-term integrity. Deploying hashrate to OCEAN aligns with both our mining investments and our broader mission to fortify Bitcoin against centralizing forces,” said Paolo Ardoino, CEO of Tether.

OCEAN is a decentralized Bitcoin mining pool, and despite the naming similarities, it’s not related to the popular AI token. It was founded by Bitcoin Core developer Luke Dashjr in response to centralization fears in BTC mining.

Tether’s hashrate will be able to help OCEAN in a few key ways. Critically, it highlights Tether’s commitment to the long-term viability of Bitcoin, as it is a major holder.

The company will deploy this hashrate through OCEAN’s DATUM Gateway service, which helps miners create high-performance operations in low-bandwidth areas.

Most notably, Tether will prioritize rolling out these services in rural and underdeveloped regions, particularly in Africa. This reflects Tether’s growing business commitments in the continent.

Tether obviously has self-interested reasons to deploy its hashrate on OCEAN, as it benefits from potential stablecoin users in new regions.

Moreover, the firm cast Bitcoin’s independence as a key motivator in itself. Tether is a major component of the global crypto economy, and it recognizes the importance of BTC beyond its desire to custody the asset.

In short, this operation gives a few insights into Tether’s plans for the future. By deploying hashrate on OCEAN, Tether is working to strengthen Bitcoin’s network and put more of the world on the blockchain.

Eventually, both of these aims can directly benefit the company.

The post Tether To Deploy Existing and Future Hashrate on OCEAN Mining Pool appeared first on BeInCrypto.