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About ELTG

Graphen Production and Energy Recovery from End of Life Tyres for a Sustainable World.

Graphen (ELTG) is a cryptocurrency launched in 2022. ELTG has a current supply of 0 with 0 in circulation. The last known price of ELTG is 0.000006002351 USD and is -0.000000001353 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://www.eltgraphen.com/.

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ELTG Price Statistics
ELTG’s Price Today
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Updated Apr 24, 2024 12:23 am
Mkt Cap $0
There's nothing here for now
Hedge Funds Show Growing Interest in Meme Coins
Hedge Funds Show Growing Interest in Meme Coins
According to Bloomberg, the allure of meme coins is increasingly attracting the attention of hedge funds. Stratos, a hedge fund whose limited partners include venture capitalists, is one such example. Rennick Palley, the founding partner of Stratos, stated that if the fund isn't investing in meme coins, the individuals working at the fund are likely doing so. Despite the skepticism surrounding meme coins, hedge funds have been active in the crypto world, drawn by various strategies. Quinn Thompson, founder of Lekker Capital, compared the frenzy around meme coins to the retail frenzy seen with GameStop and meme stocks in traditional markets. He described it as the 'tip of the spear for speculation' and equated it to gambling. Dogecoin, the first meme coin launched in 2014, is currently the eighth-largest cryptocurrency with a market value of approximately $22 billion, according to CoinMarketCap. While many retail investors have experienced losses, professional investors have largely stayed away until the recent crypto boom. Cosmo Jiang, a portfolio manager at Pantera, noted that meme coins, initially started as a joke, have evolved into 'culture coins' representing a group of people with a shared belief system. The creation and launch of memes have become easier with apps like Pump.fun, and blockchains like Solana and Base offering low trading fees have been flooded with these tokens. Josh de Vos, research lead at CCData, highlighted that the infrastructure surrounding meme coins has improved, with centralized exchanges developing sophisticated futures markets for leading meme coins. This has allowed hedge funds to capitalize on their volatile movements and effectively hedge their exposure. As more hedge funds start taking meme coins more seriously, Palley expects the focus on these highly speculative tokens to increase. He anticipates more firms creating meme-only funds, similar to the creation of NFT-only funds. However, it's worth noting that NFTs have proven to be unreliable investments, with the market showing significant volatility.
Apr 24, 2024 12:23 am

Frequently Asked Questions

  • What is the all-time high price of Graphen (ELTG)?

    The all-time high of ELTG was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Graphen (ELTG) is 0. The current price of ELTG is down 0% from its all-time high.

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  • How much Graphen (ELTG) is there in circulation?

    As of , there is currently 0 ELTG in circulation. ELTG has a maximum supply of 0.

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  • What is the market cap of Graphen (ELTG)?

    The current market cap of ELTG is 0. It is calculated by multiplying the current supply of ELTG by its real-time market price of 0.000006002351.

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  • What is the all-time low price of Graphen (ELTG)?

    The all-time low of ELTG was 0 , from which the coin is now up 0%. The all-time low price of Graphen (ELTG) is 0. The current price of ELTG is up 0% from its all-time low.

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  • Is Graphen (ELTG) a good investment?

    Graphen (ELTG) has a market capitalization of $0 and is ranked #6278 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Graphen (ELTG) price trends and patterns to find the best time to purchase ELTG.

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