Bitwise, one of the biggest U.S. fund managers with $12 billion in assets under management, has taken a massive step in a NEAR ETF application. Bitwise has officially filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) to launch a NEAR-based ETF.
If approved, this could be a major turning point for NEAR, pushing its price to the next level. Meanwhile, other giant institutions are also eying now for Near ETF.
Bitwise Files for NEAR ETF
On May 6, Bitwise sent a filing to the U.S. SEC to launch a new ETF called the Bitwise NEAR ETF. This fund will follow the price of NEAR, the native token of the NEAR blockchain.
The NEAR tokens will be held by Coinbase Custody, a trusted company that keeps digital assets safe. They are licensed in New York and already work with big crypto projects.
Bitwise has filed a Form S-1 with the U.S. SEC to launch the Bitwise NEAR ETF, which will track the value of NEAR held by the trust, net of operating expenses and liabilities. https://t.co/dUCKFpx5i7
If the SEC approves it, this would become the first U.S. ETF linked to NEAR, a fast and developer-friendly blockchain. Meanwhile, this will let people invest in NEAR without needing to buy or store the token themselves.
More Filings Incoming For NEAR ETF
Last month, on April 25th, Bitwise registered the Bitwise NEAR ETF in Delaware. This is usually the first step before filing with the SEC to launch a real ETF that tracks NEAR’s price.
Bitwise isn’t the first to show interest. Before this, Grayscale and 21Shares have already made NEAR investment products. But Bitwise jumping in now could bring more attention, money, and new investors to NEAR.
Technical Indicators Show Mixed Signals
Despite the positive news, Near protocol native token NEAR’s price hasn’t reacted strongly yet. As of now, it is trading around $2.30, reflecting a drop of 1.6% seen in the last 24 hours.
However, the short-term technical indicators suggest some caution. The MACD is signaling bearish momentum, while the RSI is now at 90, suggesting that NEAR is overbought. This setup hints that a price drop could be near.
Unless the bulls manage to defend the key support at $2.10 and push NEAR back up toward the $2.70 resistance zone.
Could a small stake today make someone a millionaire by summer 2025? This article explores five overlooked meme coins that might experience massive growth in the next couple of months. Dive into the world of these quirky digital assets that hold the potential to deliver extraordinary returns to those who spot them early.
XYZ’s Capitalization Nears $15M, Causing Demand to Surge
The XYZVerse ($XYZ) project stands out from typical memecoins due to its long-term vision, clear roadmap, and engaged community. By merging the worlds of sports and crypto, XYZVerse has garnered significant investor interest and was recently recognized as “Best NEW Meme Project,” further strengthening its appeal.
Price Dynamics and Listing Plans
The $XYZ token has experienced consistent growth during its presale phase, with its price climbing from $0.0001 at launch to $0.003333 currently.
The price is expected to reach $0.005 in the next stage and $0.02 at the final presale stage, after which the token will be listed on major centralized and decentralized exchanges.
Early investors could see returns of up to 1,000x if the project achieves the required market capitalization, with a projected listing price of $0.10.
The presale has already raised over $10 million and is nearing its next milestone of $15 million, indicating strong demand from both retail and institutional investors.
XYZVerse Takes the Community-Driven Approach
The XYZVerse community is not just an audience; they are active participants whose dedication is rewarded with airdropped XYZ tokens. It’s a system where the most passionate members reap the greatest benefits.
With robust tokenomics, strategic CEX and DEX listings, and consistent token burns, $XYZ is primed for substantial growth. Each move is calculated to bolster its price and unite a community that believes in its extraordinary potential.
Dogecoin: The Memecoin That Challenged Traditional Cryptocurrency
Dogecoin (DOGE) is a cryptocurrency that was launched in 2013 as a fun alternative to traditional digital currencies. It features the Shiba Inu dog from the “Doge” meme as its logo. Unlike Bitcoin, which has a limited supply, Dogecoin was designed to be abundant, with no maximum limit and 10,000 new coins mined every minute. Created by Billy Marcus and Jackson Palmer, it started as a joke but quickly gained popularity due to its friendly and approachable image.
In 2021, Dogecoin saw a significant surge in value, entering the top ten cryptocurrencies by market capitalization with a total value exceeding $50 billion. This growth was driven by social media influence and endorsements from figures like Elon Musk. The technology behind Dogecoin is similar to other cryptocurrencies, relying on blockchain for secure transactions. Its potential lies in its strong community support and widespread recognition. In the current market cycle, Dogecoin remains a subject of interest, reflecting the power of community and social media in shaping market trends.
Shiba Inu (SHIB): Ethereum-Based Memecoin with Expanding Features
Shiba Inu (SHIB) is a cryptocurrency launched in August 2020, drawing inspiration from Dogecoin’s popularity. Unlike Dogecoin, SHIB operates on the Ethereum blockchain, which allows it to interact with a wide range of Ethereum applications. Created by an anonymous developer named Ryoshi, SHIB started with a supply of 1 quadrillion tokens. Half of these tokens were sent to Ethereum co-founder Vitalik Buterin. Buterin donated a large portion to the India Covid Crypto Relief Fund and “burned” 40% of the total supply, reducing the number of circulating tokens.
SHIB’s integration with Ethereum enables it to support decentralized applications like ShibaSwap, a platform for exchanging tokens. There are plans to develop an NFT platform and a governance system based on a decentralized autonomous organization (DAO). These developments aim to increase SHIB’s utility in the cryptocurrency space. In the current market cycle, SHIB’s growth in decentralized finance and NFTs may attract those interested in Ethereum-based projects.
PEPE: A Deflationary Meme Coin Inspired by Pepe the Frog
PEPE is a deflationary cryptocurrency launched on the Ethereum blockchain. It was created as a tribute to Pepe the Frog, an internet meme by Matt Furie that gained popularity in the early 2000s. PEPE aims to join the ranks of popular meme coins like Dogecoin and Shiba Inu, establishing itself as a leading meme-based cryptocurrency. The project appeals to the crypto community with its no-tax policy and a transparent focus on being a pure memecoin without utility.
In late April to May 2023, PEPE saw a significant surge, with its market cap reaching up to $1.6 billion. This growth turned early holders into millionaires and attracted a strong community of followers. The success of PEPE sparked what some call a “memecoin season,” with other meme-based tokens experiencing rapid rises and falls. The PEPE roadmap includes plans for listings on CoinMarketCap and major exchanges, aiming for widespread recognition. Its potential in the current market cycle is linked to the enthusiasm for meme coins and market trends. The coin’s future performance will depend on various factors, including market sentiment and the broader cryptocurrency cycle.
BONK: A Community-Driven Memecoin on the Solana Blockchain
BONK is a memecoin built on the Solana blockchain, featuring a Shiba Inu mascot. It aims to empower the Solana community by shifting influence away from venture capital tokens. After being listed on Coinbase, BONK’s value surged over 100%. The project positions itself as a “community coin,” having airdropped 50% of its supply to participants in Solana’s NFT and DeFi ecosystems.
BONK has integrated into the growing ecosystem of decentralized applications on Solana, including launching a decentralized exchange called BonkSwap. The coin faces challenges such as a high total supply and the inherent volatility common to memecoins. Its attractiveness in the current market cycle may be influenced by its community engagement and role within the Solana ecosystem.
Conclusion
While DOGE, SHIB, PEPE, and BONK show promise, XYZVerse unites sports fans in a memecoin aiming for exponential growth and lasting impact.
You can find more information about XYZVerse (XYZ) here:
The post From Zero to Lambo: 5 Meme Coins That Could 1000x Before Summer 2025 appeared first on Coinpedia Fintech News
Could a small stake today make someone a millionaire by summer 2025? This article explores five overlooked meme coins that might experience massive growth in the next couple of months. Dive into the world of these quirky digital assets that hold the potential to deliver extraordinary returns to those who spot them early. XYZ’s Capitalization …
The crypto market is facing massive volatility today, and amid this noise, some meme coins are able to pick up pace on recovery. One such coin is said to have ties with Tesla founder and US Department of Government Efficiency (DOGE) head Elon Musk.
BeInCrypto has analyzed two other meme coins for investors to watch and note which direction they are taking.
Retard Finder Coin (RFC)
Launch Date – March 2025
Total Circulating Supply – 961.43 Million RFC
Maximum Supply – 1 Billion RFC
Fully Diluted Valuation (FDV) – $39.83 Million
RFC price surged by 141% over the past 24 hours, continuing its uptrend this week. The meme coin gained attention after Elon Musk’s interactions with its official X (formerly Twitter) page. This triggered a speculative surge in interest, helping RFC capitalize on the increased attention and rising market sentiment.
Musk’s indirect association with Retard Finder Coin has sparked speculation, although no direct evidence confirms his involvement. Despite this uncertainty, RFC’s price has risen to $0.040. If the speculation continues, the altcoin could see further gains, potentially reaching the $0.050 resistance level in the short term.
Despite its recent rise, RFC remains a meme coin with inherent volatility. The altcoin faces the risk of rapid selling by investors, which could lead to a quick price pullback. If this occurs, RFC might fall to $0.030 or even $0.020, making it crucial for investors to approach with caution.
Fartcoin (FARTCOIN)
Launch Date – October 2024
Total Circulating Supply – 999.99 Million FARTCOIN
Maximum Supply – 1 Billion FARTCOIN
Fully Diluted Valuation (FDV) – $588.26 Million
FARTCOIN saw a 32% rise in the last 24 hours, trading at $0.591. The meme coin is now nearing the resistance level of $0.600. If this momentum continues, FARTCOIN could break through this barrier and continue its upward movement, heading toward new highs in the coming sessions.
In the past, the $0.600 resistance has halted FARTCOIN’s rally, preventing further price gains. However, if the current bullish trend persists, FARTCOIN could overcome this barrier and rise toward $0.693. This level marks the next target for the altcoin, supported by positive market sentiment and strong investor interest.
If the resistance level proves too strong, FARTCOIN may experience a pullback. A failure to breach $0.600 could lead to a decline back to $0.417 or even lower, erasing recent gains. This scenario would invalidate the bullish outlook and extend the downtrend if selling pressure intensifies.
Mog Coin (MOG)
Launch Date – July 2023
Total Circulating Supply – 390.5 Trillion MOG
Maximum Supply – 420 Trillion MOG
Fully Diluted Valuation (FDV) – $135.64 Million
MOG price surged by 25% in the last 24 hours, providing relief after a steep 50% decline during March’s end. This recovery signals the potential for further growth as the meme coin attempts to regain momentum and distance itself from recent losses. The recent rise could lead to more positive movements.
At the time of writing, MOG is trading at $0.000000346, just below the key resistance level of $0.000000370. If it breaches this level, MOG could gain enough momentum to push toward $0.000000433. This breakthrough would mark a significant recovery and extend its upward trend further in the coming days.
However, if MOG fails to breach $0.000000370, the altcoin may experience a decline. The next major support lies at $0.000000273, and if this level is tested, it could wipe out recent gains. In such a scenario, the bullish outlook would be invalidated, signaling a continued struggle for the meme coin.
