Well, folks, if you thought you had seen it all, think again. MAP Protocol (MAPO) turned up like the hero nobody expected this Saturday, rocketing up by 100%. Yep, you read that right — the token touched $0.010, its highest point since February 2nd, and 153% above the low of the year. Let’s just say, it’s been a wild ride for MAPO.
Not to be left behind, its market cap has now soared past a cool $53 million. Yeah, you can almost hear the cash registers ringing from here.
MAP Protocol Takes the Lead, Sort Of
MAP Protocol is a layer-2 network for Bitcoin, enabling peer-to-peer cross-chain transactions. Its token has been surfing the wave of a rising TVL (Total Value Locked), which hit $23.3 million on Saturday. That’s the highest it’s been since February, folks. All the dApps in the ecosystem—HiveSwap, StaQ, Butter Network—are now swimming in some serious assets. Kudos to them for staying afloat.
But here’s the catch: MAPO’s price is about as overbought as a house on the market right before a crash. The Relative Strength Index (RSI) hit a heart-stopping 93. Translation: Investors might start cashing out any minute now, and this rocket might just plummet faster than a bad stock tip.
Useless Coin’s Unlikely Success
And then there’s Useless Coin. Yep, you heard me. It hit an all-time high of $0.078 on Friday, right in the middle of a market crash. How? Well, that’s the magic of hype and FOMO (Fear of Missing Out). The Solana-based meme coin skyrocketed over 1,245% from its lowest point this year, racking up a market cap of over $70 million. Are you impressed yet?
Unlike MAPO, Useless Coin has no utility whatsoever. It’s a coin that exists for the sole purpose of, well, being useless. But hey, it’s the meme economy, and people are clearly throwing their money at it. Technical analysis says there’s more to come, too. It formed a cup-and-handle pattern, with a target price of $0.090. Not bad for a coin that does nothing but stir the pot.
LUNC Burns Its Way to Glory
Meanwhile, Terra Luna Classic (LUNC) made a quiet but mighty rise, climbing over 10% on Saturday. Why? Well, the token burn rate has jumped by more than 234 million in just seven days, bringing the cumulative burn to a staggering 410 billion. When you burn coins like that, it’s like throwing fuel on a fire. Who knew burning things could be so profitable?
Technical analysis suggests LUNC might have some serious staying power. It’s in an accumulation phase, according to the Wyckoff Theory, which means a big comeback might be just around the corner. If LUNC breaks through the neckline at $0.00007253, don’t be surprised to see it hit the 50% retracement level at $0.0001135.
Oh, and by the way, Bitcoin finally hit $105,000. Yeah, no big deal. Check out the chart below to see just how much Bitcoin’s been flexing lately.
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2025-06-14 16:33