Crypto Market Update: Zero (ZERO) Controversy, Memereum Presale, and MicroStrategy Dip

The cryptocurrency market saw a flurry of activity on December 31st, with controversies surrounding meme tokens, a promising new presale, and a dip in a major company’s stock.

Siqi Chen’s ZERO Token and the MIRA Aftermath

Siqi Chen, known for the MIRA token, has sparked renewed debate with the launch of the Zero (ZERO) token. Chen, acknowledging the token’s intended zero value, stated it was merely a test. However, this has raised concerns about the potential abuse of meme tokens within the community. The community criticized Chen for allegedly exploiting this trend. He further promised to compensate those who lost money due to the ZERO token. Chen has previously been connected to another controversial project in the recent past, which led to losses for investors.

Memereum Presale Surges Past $1 Million

Amidst the controversy, Memereum ($MEME) is making headlines with a successful presale, surpassing $1 million in funding. This promising new project is attracting significant interest from the crypto community, raising questions about the future of the space.

Web3 Gaming Soars on Telegram

The growth of blockchain gaming continues to show significant results. Telegram-based games like Notcoin and Hamster Kombat have driven a surge in TON network accounts, from 4 million to 128 million. This suggests the powerful potential of blockchain gaming to reshape the internet.

MicroStrategy’s Stock Takes a Tumble

MicroStrategy’s stock price dipped below $300 in after-hours trading on December 30th. This raises questions about the company’s current trajectory and investor confidence. What is behind this downturn, and will this impact the wider crypto sector?