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The crypto market entered the weekend facing another correction, and meme coins felt the impact, with top names like Dogecoin (DOGE), Shiba Inu (SHIB), and dogwifhat (WIF) all down 3-5%.
On Wednesday, VanEck launched a meme coin index tracking the performance of the top 6 meme coins: Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), and Floki (FLOKI), with a 30% cap on each asset.
Meme Coin Price Predictions – Top Analysts Weigh in on VanEck’s Index
Cold Blooded Shiller, a popular analyst with over 274k followers, shared his meme coin price predictions yesterday. He viewed Pepe as the “strongest chart”, saying it reclaimed a major resistance level. Pepe price is around $0.0000083 at press time, slightly below its March all-time high of $0.00001.

A little VanEck Memecoin Index thread.
Most markets have either already reclaimed support/highs or they’re in a position to do so.
We’ll start with the strongest chart imo, $PEPE.
Huge reclaim and one of the first markets to break the first resistance overhead. pic.twitter.com/7wbIzYdGRp
— Cold Blooded Shiller (@ColdBloodShill) May 10, 2024

For Bonk, Shiller called it the “second strongest”, noting a similar reclaim as Pepe but not yet breaking the next resistance. Bonk price is trading around $0.000023, down 8% today.
On WIF, he pointed to a potential head-and-shoulders pattern, saying the $3.20 level is important to hold, with real downside risk if it loses $2.20 support. WIF price is around $3.04 currently, down 5% in the last 24 hours.
CrediBULL, another popular analyst with a following of nearly 400k on X, also shared his bullish outlook on dogwifhat (WIF) price today. He revealed risking $25,000 on a long position, citing clear signs of spot absorption as evidenced by the on-chain Cumulative Volume Delta (CVD) making lower lows while WIF’s price has been making higher lows.

Risking 25k on a $WIF long here.
We have clear spot absorption here as can be seen with spot CVD making lower lows while price is making higher lows.
Meanwhile we have what seems to be a lot of underwater shorts that piled in on the previous move down.
If the market is going… pic.twitter.com/6lgaLaoGNE
— CrediBULL Crypto (@CredibleCrypto) May 10, 2024

Additionally, CrediBULL pointed to what appears to be a significant number of underwater short positions that accumulated during the previous downward move.
He believes that if the broader market is positioned for a bounce, WIF could experience a sharp squeeze to the upside, driven by these over-leveraged short sellers being forced to cover their positions.
Moreover, Shiller said Floki “needs to break 0.19” for it to likely rally hard. Floki price is trading around $0.00016, down 4%.
For Shiba Inu, he mentioned using the “well-respected diagonal pattern” and waiting for an impulse before getting bullish. SHIB price is around $0.000022, off 3.35%.

$SHIB is the same.
Very simple execution for this one, going to use the very well respected diagonal, wait for the impulse and then believe it. pic.twitter.com/bEfZ6I1dMB
— Cold Blooded Shiller (@ColdBloodShill) May 10, 2024

Lastly on Dogecoin, Shiller noted the “trouble around $0.165” resistance but said it stabilized after sweeping March lows, suggesting waiting for that push higher. DOGE price is around $0.14 at press time, down 4.5% after failing to break $0.20 twice this year.
Answem, an analyst boasting nearly 400k followers on X, highlighted a huge rise of WIF, tweeting “never underestimate the power of crypto degenerates & the distribution of the internet.”

never underestimate the power of CT degenerates & the distribution of the internet, $WIF in an official Vaneck index when it was only $100k market cap in December https://t.co/hGbw2hOErq
— Ansem 🐂🀄️ (@blknoiz06) May 8, 2024

He noted that WIF, which had a mere $100k market cap in December, has now secured a spot in VanEck’s official meme coin index.
Best Meme Coins to Buy Now
Jacob Bury, a popular YouTuber with 38k subscribers, posted a video today about the top cryptocurrencies to buy now, highlighting Dogeverse as the top meme coin to buy now.
Dogeverse is a multichain infrastructure project that allows users to access the token on six major blockchains: Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.
This multichain approach offers flexibility in choosing the blockchain based on individual needs in terms of cost and speed. Over $15 million has been raised so far in the presale, and this meme coin is preparing for its launch on exchanges soon.

Another new and popular meme coin in presale is WienerAI, which has raised almost $1.5 million. WienerAI combines elements of artificial intelligence (AI) and a playful narrative, featuring a dog-sausage hybrid mascot.
It is designed as a utility project that utilizes AI technology to enable seamless swaps and serve as an AI-powered trading partner. Once the presale is over, it will launch on exchanges, but you can currently buy it at a discounted price of 1 $WAI = $0.000705.
Conclusion
All in all, investors might potentially keep a close eye on the performance of top meme coins like DOGE, SHIB, PEPE, WIF, BONK, and FLOKI.
And last, but not least, new meme coins to watch like Dogeverse and WienerAI could potentially present an investment opportunity during their presale stages.
Related

Top Meme Coin Price Predictions May 10

The post 6 VanEck Meme Coin Index Price Predictions – BONK, DOGE, FLOKI, PEPE, SHIB, WIF appeared first on ReadWrite.

In the wake of Vladimir Putin’s landslide victory in Russia’s recent presidential election, which many have labeled as preordained and lacking legitimacy, exiled opposition leader Mark Feygin is spearheading an initiative to enable Russians to anonymously register a “protest vote” against Putin using blockchain technology.
The referendum organized by locally wanted man Feygin, while lacking legal authority in Russia, aims to bolster efforts to challenge Putin’s presidency and provide Russians with a means to express dissent in a country where the consequences of opposition can be severe. This is especially pertinent following the recent death of opposition leader Alexei Navalny while imprisoned in an Arctic penal colony.
The vote will be conducted using the Russia2024 app, powered by Rarimo’s Freedom Tool, which utilizes the Arbitrum blockchain and zero-knowledge cryptography to ensure voters’ identities remain untraceable. Only Russian passport holders, estimated at around 34.6 million, will be eligible to participate.
To cast their vote, users will need to download the Russia2024 app and verify their citizenship by scanning their passports, which contain a biometric chip used to confirm the voter’s identity and facilitate an anonymous vote. The app’s backers are confident in the security of the voting process and believe that voters need not fear repercussions.
Voting in the shadow of the Ukraine war
Freedom Tool co-founder Lasha Antadze, who holds passports from Ukraine and Georgia and has previously collaborated with the Ukrainian government on digitizing state property privatization, emphasized the decentralized nature of the voting system, stating that it is designed to be resistant to attacks, blocking, or elimination.
While the Russia2024 app was initially removed from the Apple app store, it is expected to be reinstated and is currently available on Google’s app store.
The referendum comes at a time when Putin’s victory is expected to provide him with the means to continue Russia’s war against Ukraine. Antadze stressed that the technology behind the app is open-source and has received contributions from anonymous cryptography professors within Russia, describing it as a form of “wartime defense technology.”
Beyond the Russian context, Antadze believes that this technology has the potential to guarantee authenticity and significantly reduce the cost of election-related voting exercises in other nations as well:
We are handing out the open-source technology to everyone. It’s not only Ukrainians or Georgians building. […] We got a lot of contributions through anonymous letters from cryptography professors within Russia. It’s a kind of wartime defense technology.
The report follows a late 2023 investigation suggesting that the FTX crypto exchange hack may have ties to Russia.
The post Russian opposition voices dissent with blockchain vote appeared first on ReadWrite.

Jack Dorsey, a prominent tech leader, is making a bold prediction about the future of Bitcoin (BTC), stating that its price could skyrocket to over $1 million by 2030.
In an interview with Pirates Wires, Dorsey emphasized his fascination with the cryptocurrency goes beyond just its price. He highlighted the unique ecosystem and movement surrounding Bitcoin, where everyone involved contributes to its overall improvement:
The most amazing thing about Bitcoin, apart from the founding story, is anyone who works on it, or gets paid in it, or buys it for themselves — everyone who puts any effort in to make it better — is making the entire ecosystem better, which makes the price go up. […] It’s a fascinating ecosystem and movement, more than anything else. It taught me a lot.
Dorsey is not alone in his bullish outlook on Bitcoin. Cathie Wood, CEO of Ark Invest, and Jurrien Timmer, director of global macro at Fidelity Investments, have also projected a seven-figure valuation for the digital asset by 2030.
Bleak picture of Bluesky
In other news, Dorsey revealed he has stepped down from the board of Bluesky, a decentralized social media platform he helped envision in 2019. He expressed disappointment with Bluesky’s direction:
Everything we wanted around decentralization, everything we wanted in terms of an open source protocol, suddenly became a company with VCs and a board. […] That’s not what I wanted, that’s not what I intended to help create.
This follows Dorsey complimenting how Elon Musk is running X — the social media company that he founded under its former name Twitter. He said the current course taken by X is necessary in the pursuit of free speech.
Meanwhile, Dorsey’s payments firm, Block, is doubling down on its commitment to Bitcoin. The company recently announced a new strategy to invest 10% of its BTC product profits into purchasing more Bitcoin every month.
Block was an early adopter of Bitcoin, investing $220m in 2020. As of the end of Q1 2024, the company’s Bitcoin holdings have surged 160% to reach $573m.
The report follows Dorsey’s payments firm Block has announced plans to plow 10% of profits from its products back into Bitcoin each month.
The post Twitter’s Jack Dorsey predicts Bitcoin could hit $1 million in six years appeared first on ReadWrite.

You have seen a bull-riding cowboy at a rodeo, now here is a robot dog able to balance and walk continuously on a yoga ball!
It is fun to watch the four-legged device move and adapt but it reinforces the serious capability of the technology and how AIs like GPT-4 appear to be training robots to perform difficult tasks more effectively than humans can.
DrEureka is responsible. It is an open-source software package used to train robots to carry out real instructions using LLMs such as ChatGPT 4.
Simulated physics is used in a virtual setting, the “sim-to-reality” system, before the tasks are performed in real life.
Jim Fan, one of the developers stated, “The Yoga ball task is particularly hard because it is not possible to accurately simulate the bouncy ball surface. Yet DrEureka has no trouble searching over a vast space of sim-to-real configurations, and enables the dog to steer the ball on various terrains, even walking sideways!”

We trained a robot dog to balance and walk on top of a yoga ball purely in simulation, and then transfer zero-shot to the real world. No fine-tuning. Just works.
I’m excited to announce DrEureka, an LLM agent that writes code to train robot skills in simulation, and writes more… pic.twitter.com/kuG14LmSOh
— Jim Fan (@DrJimFan) May 3, 2024

How does the LLM train the robot?
“Domain randomization” is represented in the “Dr” of DrEureka. It stands for the randomizing of variable factors such as wetness, friction, mass, center of gravity, in a simulated situation.
By providing a few instructions in an LLM, AI can process the information to write code which determines a reward/punishment system to teach the robot, virtually, where 0 equals failure, and anything above zero is success — but the higher the score, the greater the reward. Framing can be carried out by setting the minimum and maximum breakage points for variables including the bounce of the ball, driving force, and limb movement.
With the powerful LLM, there is no trouble in creating the parameters in large quantities for the training system to execute the commands simultaneously — to allow the robot dog to do its thing on the yoga ball.
Image credit: Ideogram
The post AI trains robot dog to walk on a yoga ball appeared first on ReadWrite.