mania

Crypto

Witness the Rise of Memecoins: Solana Leading the Way

Blockchain is back and Bitcoin is hot, the Ethereum blockchain seeing price gains, lots of folks are stoked about ETFs. But one less-mainstream blockchain is perhaps making the biggest waves in crypto lately: Solana. TechCrunch has reported on Solana’s massive, recent price appreciation, digging into its rapid ascent and the reasons why. The answer is not something new, but instead a return of something that we’ve seen in the past. Not that the Dogwifhat folks are worried — they’re probably too busy having a great time.

Max Chen
March 20, 2024

Crypto

Rising Cryptocurrency Trends: Bitcoin Surges, Solana Soars, and Worldcoin Confronts Controversy in Spain

Bitcoin hits new high, Solana price jumps as memecoins mania rises and Worldcoin faces heat in SpainWelcome to TechCrunch Crypto, formerly known as Chain Reaction. Hello and welcome back to the TechCrunch Crypto newsletter. This week in web3Crunching numbersAs mentioned, this week the crypto space saw all-time highs for bitcoin, again. Memecoins across the Ethereum, Solana and Avalanche blockchains have seen a huge rally as the crypto market continues to expand. It’s important to remember that while some memecoins will retain price support for an extended period of time, some can plummet within days, or hours.

Kira Kim
March 14, 2024

Crypto

“Memecoin Craze Drives Solana to Reach $160 – Its Peak Since January 2022”

The cryptocurrency passed $160 on Wednesday, marking its highest price since January 2022. So it’s not surprising that the growth and traction on its blockchain is also being transpired through to its token. Since mid-December, a number of Shiba Inu dog-themed tokens on the Solana blockchain like Bonk and dogwifhat have taken off. (Please note none of this is financial advice, but one of the reasons that could point to Solana’s price increase.) Memecoins in general have seen a huge rally as the crypto market continues to thaw from its most recent winter.

Zara Khan
March 13, 2024

Enterprise

“2021’s SPAC Craze Under Scrutiny: Examining MariaDB’s Potential Private Acquisition”

However, by the time the merger was closed, much of the SPAC cash was nowhere to be found. The investors that chose to sell their shares in this way did better than anyone who stuck around, because MariaDB’s stock tanked sharply during its first day as a public company. In its SPAC pitch, the company forecast its annual recurring revenue (ARR) to reach $53 million in FY 2022, and $72 million in FY 2023. It also expected revenue of $47 million in FY 2022, and $64 million in FY 2023. In the first quarter of FY 2024, MariaDB reported revenue of $13.6 million, up from $12.8 million a year ago.