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November saw meme coins thrive, with PNUT and others showing massive gains. As market conditions shift, these five tokens are primed for potential growth into December.
The rally began in November after Republican election wins boosted confidence in US-linked tokens like Ripple-backed XRP.
Despite bitcoin rebounding above $98,000, a strengthening U.S. dollar could pose a headwind for further gains, an analyst said.Expectations of a more hawkish Bank of Japan move increases risk of a yen carry trade unwind, which puts further volatility for risk assets, they said.
President-elect Donald Trump has championed himself as a pro-crypto leader, hoping to make America the “bitcoin capital of the world.”Dogecoin is the world’s sixth-largest cryptocurrency with a market cap near $60 billion.
- 00:42Data: Influenced by the news from the CTO and founder of pump.fun, the market value of alon once broke through 250 million US dollarsChainCatcher news, according to GMGN market data, affected by the news related to the founder and CTO of pump.fun, its eponymous Meme token alon's market value once broke through 250 million US dollars. It has currently fallen back to around 150 million US dollars, with a 24-hour trading volume reaching 395 million US dollars.
- 00:42Crypto Tsar David Sacks: TRUMP coin is a collectible, not worried about potential conflicts of interestChainCatcher news, the newly appointed cryptocurrency special advisor David Sacks elaborated on the three major focuses of the digital asset working group in an interview with Fox Business News: establishing market structure and clarifying digital asset classification, expanding the dominance of the dollar through stablecoins, and evaluating national digital asset reserve plans. Regarding potential conflicts of interest that TRUMP coin might trigger, Sacks stated that this token is similar to collectibles like baseball cards and there's no need for concern. He emphasized his opposition to CBDCs, supported the development of stablecoins, and pointed out that expanding the dominance of digitized dollars could potentially create a demand for trillions of dollars in U.S. Treasury bonds which would help support debt and lower long-term interest rates. As for the digital asset reserve plan, Sacks said it is still under evaluation stage without a final decision made yet.
- 00:16Trump criticizes the EU for targeting American tech companies like Apple and GoogleTrump criticized the European Union's regulatory bodies at the World Economic Forum in Davos, Switzerland, for targeting Apple (AAPL.O), Google (GOOG.O) and Meta (META.O), claiming that the EU's allegations against American companies are "a form of taxation". The EU is globally renowned for its strict regulation of large tech companies, often clashing with major social media platforms like Facebook and X over content review, and having conflicts with companies like Apple and Google on antitrust issues. "Whether you like it or not, these are American companies," Trump said during his speech at the Davos World Economic Forum. "They shouldn't be doing this. In my view, this is a form of taxation. We have great dissatisfaction with the EU." Trump specifically mentioned Apple losing a lawsuit involving a 13 billion euro Irish tax bill in an EU court last year.