What to Expect from Donald Trump Crypto Dinner Today?

The meme coin market has witnessed a steady resurgence over the past few weeks. Since June 23, the total market capitalization of memecoins has jumped by over 13%, reflecting a gradual regrowth.

Bonk.Fun, a Solana-based platform that allows anyone to create and trade meme tokens, is at the heart of this recent surge. Some meme coins within its ecosystem have posted significant gains over the past week, making them the ones to watch in the new trading week. 

Useless Coin (USELESS)

Readings from the USELESS/USD one-day chart show that the meme coin has recorded new daily price peaks since June 5. Currently trading at $0.29, USELESS’ price has rocketed by over 740% in the past month. 

The token’s rising Chaikin Money Flow (CMF) confirms that USELESS’ price rally is backed by significant buy-side pressure. This momentum indicator, which measures how money flows into and out of an asset, is at 0.13 and rising.

A positive CMF reading like this indicates strong bullish pressure in the market. If buying activity continues, USELESS could revisit its all-time high of $0.305.

On the other hand, if profit-taking spikes, the token’s price could fall to $0.234.

HOSICO

HOSICO is another BONK ecosystem meme coin to watch out for this week. It is up 135% over the past week to trade at $0.067 at press time. 

Despite the broader market’s pullback, HOSICO has logged 16% gains over the past 24 hours. For context, the altcoin has briefly traded at an all-time high of $0.069 during today’s session. 

As of this writing, its daily trading volume has climbed 30% to reach $12 million. When an asset’s price and trading volume spike simultaneously, it signals strong market interest and increased trading activity. A rising price with high volume suggests that the uptrend is supported by genuine demand.

This combination is a sign of strength in the HOSICO market and could push its price to new highs in the near term. If token accumulation continues, HOSICO’s price could reclaim its all-time high and surge past it.

However, if demand falls, the meme coin’s price could dip to $0.055.

Let’s BONK (LetsBONK)

LetsBONK is up 239% in the last seven days, making it one of the BONK ecosystem meme coins to watch. As of this writing, the token’s Aroon Up Line is 100%. This means its uptrend is strong and not driven by speculative trades. 

An asset’s Aroon Indicator measures the strength and direction of a trend by tracking the time since the highest and lowest prices over a given period. It comprises two lines: Aroon Up, which measures bullish momentum, and Aroon Down, which tracks bearish pressure. 

As with LetsBONK, when the Aroon Up line is at 100, the asset has recently hit a new high, signaling strong upward momentum. If demand strengthens further, LetsBONK’s price could reach $0.127 and attempt to break above it.

Conversely, the token’s price could dip to $0.084 if demand declines.

The post 3 Bonk Ecosystem Meme Coins to Watch This Week appeared first on BeInCrypto.

Webus International, a Nasdaq-listed Chinese AI solutions company, announced today that it’s planning to invest up to $300 million in an XRP reserve. The firm claims that this strategy is primarily aimed at facilitating cross-border payments.

Additionally, Webus aims to use XRP to help expand an AI-native company’s other blockchain-related development ambitions. Depending on the investment’s success, the firm may incorporate on-chain solutions in several fields.

Chinese Firm Bets Big on XRP

In recent months, many corporations have made serious attempts to hold substantial amounts of cryptocurrency.

Obviously, Bitcoin has been an early and enduring favorite, but certain companies have begun experimenting with altcoins like Solana. Today, one Chinese firm is innovating again by considering investing up to $300 million in an XRP reserve.

Webus is not the only Chinese company considering a massive crypto investment this month, but its XRP reserve plan seems more deliberate.

Two weeks ago, Addentax Group, a logistics firm, considered investing $800 million in BTC and TRUMP. This may have been an attempt to secure tariff relief, and Addentax barely mentioned its crypto ambitions.

On the other hand, Webus described a long-term vision for the XRP reserve in explicit detail:

“These strategic developments have the potential to create a powerful synergy between our domestic and international operations. The integration of an XRP blockchain integration has the potential to revolutionize how we handle cross-border payments for both partners and travelers worldwide,” claimed Nan Zheng, CEO of Webus.

In other words, Webus’ AI solutions cater to customers around the globe, and DeFi may help smooth over recurring problems. Chinese firms can experience difficulties with bank processing across borders, but XRP may provide a solution.

Webus mentions using the tokens for lending, shareholder guarantees, third-party credit, and other core financial interactions.

Furthermore, a $300 million investment could help an AI-specific firm access the other advantages of Web3. In addition to improving cross-chain payment operations, XRP integration will help develop the company’s blockchain infrastructure.

Webus’ press release mentions a few concrete goals like on-chain record keeping, loyalty tokens, and customer wallets.

Meanwhile, the company’s stock price has surged over 60% in after-market prices since the announcement.

XRP is already a leading cryptoasset, but $300 million is a substantial amount of money by any metric. If Webus helps integrate the token into the Chinese AI ecosystem, it could prove highly beneficial for XRP and the company.

Depending on the success of this reserve strategy, Webus could be setting a new trend for crypto’s worldwide integration.

The post Chinese AI Company To Invest $300 Million in XRP appeared first on BeInCrypto.