Memecoin HarryPotterObamaSonic10Inu, also known as BITCOIN, has made an exciting announcement regarding the launch of its very own layer-3 blockchain. Named EigenLayer, this blockchain is based on AltLayer and EigenDA technologies. The significant milestone will be celebrated on May 14th, marking the meme coin’s successful first year.
Although specific details about EigenLayer have not been disclosed yet, a recent post on X claims that it will be a groundbreaking “memechain.” The news has already had a positive impact on BITCOIN’s market performance. According to CoinGecko, BITCOIN’s value has increased by 8.5% since the announcement, with a 4% surge within the past 24 hours. Overall, BITCOIN has seen a remarkable growth of 1,140% since its inception. However, it is important to note that the current value of memecoin is still around 60% lower than its all-time high.
This decision to launch EigenLayer follows in the footsteps of other meme coins, such as Shiba Inu (SHIB), which recently raised a substantial $12 million from prominent companies like Mechanism Capital, Animoca Brands, DWF Ventures, and Polygon Ventures. SHIB aims to develop its own layer 3 blockchain, setting the stage for real-world utility within the blockchain industry. The Chairman of Cypher Capital, Bill Qian, expressed his confidence in the future of the Shiba Inu blockchain, emphasizing its potential to revolutionize blockchain technology.
Meanwhile, Berachain, another player in the meme coin ecosystem, recently secured an impressive $100 million in funding to develop its layer 1 blockchain. Originating from Bong Bears, a collection of NFT projects that fostered a vibrant community, Berachain represents the community’s proactive approach to advancing blockchain technology.
The crypto market continues to evolve and innovate at a rapid pace, with meme coins like Memecoin HarryPotterObamaSonic10Inu leading the way in exploring new possibilities. The launch of EigenLayer brings promising prospects for the future of memecoins and their impact on the wider blockchain landscape.
Image: CoinMarketCap