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Shiba Inu (SHIB) Holders Enter New Casino Presale As Bears Drive SHIB Lower
As the cryptocurrency market continues to experience fluctuations, Shiba Inu (SHIB) holders are looking for new opportunities to maximize their gains. With bearish pressure pushing Shiba Inu (SHIB) lower, many investors are turning their attention to the presale of a rising memecoin with strong utility: Mpeppe (MPEPE). This new token, backed by a decentralized gambling ecosystem, has quickly gained momentum among crypto enthusiasts. Let’s explore why Shiba Inu (SHIB) holders are flocking to Mpeppe (MPEPE) and what makes this presale such an attractive opportunity.
SHIB’s Bearish Momentum Fuels Search for New OpportunitiesThe Shiba Inu (SHIB) token has been a staple in the memecoin world, with a loyal community supporting its growth. However, recent market conditions have caused bearish pressure to weigh heavily on Shiba Inu (SHIB)’s price. Despite positive developments within the Shiba Inu (SHIB) ecosystem, including ShibaSwap and the potential launch of Shibarium, the token has been struggling to maintain upward momentum.
As a result, Shiba Inu (SHIB) holders are searching for new opportunities to diversify their portfolios and offset recent losses. Many have found that opportunity in Mpeppe (MPEPE), a presale token with the potential for explosive growth.
Mpeppe (MPEPE): A New Casino Token with Strong UtilityMpeppe (MPEPE) is not just another memecoin. Its unique selling point lies in its casino and gaming platform, which leverages blockchain technology to offer secure, transparent, and decentralized gambling services. Unlike traditional memecoins that rely purely on market speculation, Mpeppe (MPEPE) integrates real-world utility into its tokenomics.
With decentralized finance (DeFi) elements such as staking, liquidity pools, and yield farming, Mpeppe (MPEPE) offers investors multiple ways to earn passive income while participating in its ecosystem. The presale has already attracted the attention of major crypto investors, and the token’s growing community suggests strong demand ahead of its full launch.
How Mpeppe (MPEPE) Is Poised to Outperform SHIBWhile SHIB has experienced remarkable growth in the past, its recent downturn has left many holders looking for alternatives. Mpeppe (MPEPE), with its unique combination of DeFi protocols and a strong focus on the gambling industry, presents a promising alternative. Here’s why Mpeppe (MPEPE) could outperform Shiba Inu (SHIB) in the coming months:
– Real-World Use Case: Mpeppe (MPEPE)’s integration with decentralized gambling gives it a tangible application, unlike many memecoins that rely purely on hype.
– Growing Investor Interest: The presale has already garnered significant attention, with major investors participating early to capture potential gains.
– Ecosystem Growth: As Mpeppe (MPEPE) builds out its platform, including the addition of more games and DeFi features, the value of its token could increase significantly.
Conclusion: Mpeppe (MPEPE) Captures Attention as SHIB StrugglesShiba Inu (SHIB) holders are seeking new investment opportunities, with Mpeppe (MPEPE) emerging as a favorite due to its strong utility in the decentralized gambling industry and potential for significant returns. Mpeppe (MPEPE) presents a compelling opportunity for diversification and capitalize on the next big memecoin in the crypto market.
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Bitcoin Traders In Profit Drop By 25%, BTC Liquidity Also “Very Low”
Bitcoin is in red, struggling against the deluge of selling pressure. Even though there was hope on August 23, and the coin started the month on a firmer footing, sellers have been unyielding.
From the daily chart, not only is the uptrend momentum fizzling out, but price action is also domiciled at the lower range of the consolidation. The immediate support zone is between $56,500, marking July lows, and around the $58,000 mark, around the August 27 lows.
Fewer BTC Holders Are Making Money: Who Are Dominant?
As the coin continues edging lower, fewer investors are making profits at spot rates. According to one on-chain analyst, there has been a 25% reduction in BTC at a profit when writing. To put in the number, this equates to nearly 5 million BTC at a loss held by different entities spread across the globe.
That nearly 5 million BTC, or 5X the amount of coins Satoshi Nakamoto holds, is in red, making price action more fragile. Though the analyst didn’t clarify the majority holders, if it turns out that most are controlled by short-term holders (STHs), then there is a higher likelihood of prices slumping.
STHs are entities that bought BTC within the last 155 days and can mainly include speculators. These addresses tend to offload BTC whenever prices tank, fueling the sell-off.
On the other hand, if the majority are long-term holders (LTHs), or those who bought over six months ago, then it will be a relief for holders. If anything, their holding may anchor the leg up toward $66,000 or higher. Most LTHs comprise institutions and HODLers, unfazed by short-term price movements.
Bitcoin Liquidity And Active Address Count Falling
While more BTC holders are in the red, it is also emerging that the Exchange Liquidity Ratio is “very low.” Taking to X, the analyst said that at spot rates, the ratio, which measures the general level of liquidity across the BTC market, is below the 365-day moving average. This means that most traders are apprehensive and stay on the sidelines.
Liquidity, which tends to rise in an uptrending market, will remain low until there is a rapid shift in trend. However, if prices slump further, volatility will spike. Even so, the short- to medium-term effect will be low liquidity as traders stay off and wait for the trend definition.
Related Reading: Crypto Market Sees $3.65 Billion Liquidity Injection, But Where’s the Buying Pressure?
Accompanying falling liquidity is also a worrying trend. One analyst on X notes that the number of active addresses on the Bitcoin mainnet is at 2024 lows. Falling address activity indicates a general decline in investor interest, translating to low engagement.
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Bitcoin’s All-Time High in March: Why It Might Not Be The Final Peak Yet—CryptoQuant
Bitcoin’s price action in 2024 has drawn significant attention from both investors and analysts. In March, Bitcoin reached a new all-time high, and ever since, it has consistently declined. This has sparked speculation about whether this marked the final peak of the bull market.
While many believed the March peak was a sign of the market topping out, a recent analysis suggests that this may have only been an “interim top.”
Is Bitcoin Set For Another Surge?A CryptoQuant analyst named Sachi shared insights about Bitcoin topping out in March, revealing that based on on-chain data, the market is still far from its ultimate peak.
The analysis highlights the importance of long-term holder activity and the use of the Binary Coin Days Destroyed (CDD) indicator to gauge market maturity.
According to Sachi, although some long-term holders took profits in March, the data indicates that this peak may not represent the final top of the market cycle. Instead, Bitcoin may be in a “cooling-off” phase, with another upward movement on the horizon.
The Binary CDD, which tracks the activity of long-term Bitcoin holders, sheds more light. When Bitcoin reached its final market top in previous bull cycles, Binary CDD hit the red zone (marked in the chart below), signaling significant selling pressure from long-term holders.
However, the recent all-time high in March did not push Binary CDD into this zone, suggesting that the market has not yet reached its final stage.
The CryptoQuant analysis also shows that selling pressure from long-term holders has significantly decreased since March, further supporting the idea that the market is not yet mature.
Sachi disclosed that while the March peak may have caused a temporary slowdown, it does not represent the end of the bull cycle. Instead, Bitcoin appears to be in a consolidation phase, where both price and time adjust before the next upward move.
The analyst added:
Once this phase concludes, another upward movement could follow. Before we reach the final top, we will likely see renewed activity from long-term holders, with Binary CDD reaching the red zone, signaling the next round of price adjustments.
Bitcoin Current Market PerformanceSo far, Bitcoin has continued to consolidate just below the psychological $60,000 price. Although the asset has attempted to breach this mark recently, it has been to no avail and led to more price decline.
Currently, Bitcoin is down by 5.7% in the past week. However, its price performance over the past day has demonstrated a slight recovery up by 1.5% to a current trading price of $57,171 at the time of writing.
Featured image created with DALL-E, Chart from TradingView
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$41M SOL Sold As Solana (SOL) Struggles To Hold $130, Mpeppe Presale Gains Major Whale Support
Recently, Solana (SOL) has faced significant selling pressure, with $41 million worth of SOL being offloaded by major holders. As Solana (SOL) struggles to maintain its position above $130, a new player in the market, Mpeppe (MPEPE), is gaining traction with strong support from crypto whales during its presale phase. This article delves into the ongoing dynamics of Solana (SOL) and the rising interest in Mpeppe (MPEPE).
The $41 Million Sell-Off: A Blow to Solana (SOL)Solana (SOL)’s journey through 2024 has been anything but smooth. After reaching impressive highs in previous years, the token has faced a series of setbacks, culminating in a recent sell-off that has raised eyebrows across the crypto community. According to data from Lookonchain, a significant cryptocurrency wallet has liquidated nearly $100 million in Solana (SOL) this year alone.
This wallet, believed to be controlled by an institutional investor, has been steadily selling approximately 19,306 SOL each week, amounting to about $2.76 million weekly.
This steady offloading has put immense pressure on Solana (SOL)’s price, which has struggled to hold above the $130 mark. Despite these sales, the wallet still holds 1.88 million SOL, valued at approximately $237.68 million. The ongoing liquidation suggests that the downward pressure on Solana (SOL) may continue, especially if the broader market remains weak.
Solana (SOL)’s Battle for $130The recent sell-off is just one of many challenges that Solana (SOL) has faced in 2024. The token has slipped below the $130 mark, marking a 20% decline over the past 11 days. The $125 support level is now under significant pressure, and a failure to hold this critical zone could result in further declines. Analysts warn that Solana (SOL) could slide to the next significant support levels at $110 and $100 if the $125 level is breached.
Adding to the bearish sentiment is the declining development activity on the Solana (SOL) network. Once a hotbed of innovation, Solana (SOL)’s development activity has slowed, and major whales continue to offload their holdings. This combination of technical resistance, decreased development, and whale selling suggests that Solana (SOL) may struggle to regain its footing unless market conditions improve significantly.
Mpeppe: A Promising New PlayerWhile Solana (SOL) faces these challenges, Mpeppe (MPEPE) is emerging as a promising new player in the cryptocurrency market. The meme coin has gained significant attention during its presale phase, with major whale support propelling it to new heights. Unlike Solana (SOL), which has been hampered by market volatility and whale sell-offs, Mpeppe (MPEPE) is benefiting from strong community engagement and a successful presale.
Mpeppe (MPEPE)’s appeal lies in its combination of humor, community-driven growth, and the potential for high returns. As Solana (SOL) holders look for alternative investments to hedge against further losses, many are turning to Mpeppe (MPEPE) as a promising option. The meme coin’s presale has been a major success, with analysts predicting significant upside potential once it officially launches.
Whale Support for MpeppeThe success of Mpeppe (MPEPE)’s presale can be attributed to the strong support it has received from crypto whales. These large investors have recognized the potential of Mpeppe (MPEPE) as a high-growth asset and have been buying into the presale in significant amounts. This influx of whale support has not only boosted the presale but also positioned Mpeppe (MPEPE) as a strong contender in the meme coin market.
As Solana (SOL) struggles to maintain its position, Mpeppe (MPEPE) is riding a wave of positive sentiment, making it one of the most talked-about new cryptocurrencies in the market. The strong backing from whales and the growing community support suggest that Mpeppe (MPEPE) could be poised for significant growth in the coming months.
ConclusionThe contrasting fortunes of Solana (SOL) and Mpeppe (MPEPE) highlight the dynamic nature of the cryptocurrency market. While Solana (SOL) faces ongoing challenges, including significant sell-offs and declining development activity, Mpeppe (MPEPE) is gaining momentum with strong whale support during its presale. As investors navigate these uncertain times, the decision to hold onto Solana (SOL) or explore new opportunities like Mpeppe (MPEPE) could have a significant impact on their portfolios. With the presale phase nearing completion and strong backing from major investors, Mpeppe (MPEPE) is emerging as a cryptocurrency to watch closely in the coming months.
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Solana (SOL) Fails To Maintain $130, Can SOL Skip To $150 In September? Analyst Doubt
Solana (SOL) has been a hot topic in the cryptocurrency market, especially after its remarkable performance in 2023. However, 2024 has been a rollercoaster year for SOL, marked by significant volatility and uncertainty. Despite efforts to stabilize, including Binance’s announcement of a new staking service for Solana (SOL), the token has struggled to maintain its position above $130. As September unfolds, the big question is whether Solana (SOL) can make a comeback and possibly reach $150. However, analysts remain skeptical about its short-term prospects, especially when compared to the meteoric rise of Mpeppe (MPEPE), a new meme coin that’s capturing the attention of the crypto community.
Mpeppe (MPEPE): Rising Amid Solana (SOL)’s StrugglesWhile Solana (SOL) faces challenges in maintaining its momentum, Mpeppe (MPEPE) has emerged as a promising alternative for investors seeking high returns. Mpeppe, a meme coin with a rapidly growing community, has shown remarkable progress in its presale stages. As SOL struggles to hold its ground, Mpeppe (MPEPE) has already reached 97% completion of Stage 3 of its presale, signaling strong investor interest and community support.
This stark contrast in performance has not gone unnoticed by the crypto community. Investors who were once bullish on Solana (SOL) are now diversifying their portfolios by adding Mpeppe (MPEPE), anticipating that this meme coin could deliver substantial gains, potentially outperforming more established tokens like Solana (SOL) in the short term.
Binance’s Solana (SOL) Staking: A Glimmer of Hope?Binance, the world’s largest cryptocurrency exchange, recently announced plans to launch a staking service for Solana (SOL) by late September. This new service will allow users to stake their SOL tokens and earn rewards in exchange for Binance Staked SOL (BNSOL). Unlike traditional staking, where assets are locked up, BNSOL offers users the flexibility to unlock liquidity while continuing to earn rewards. This move is seen as a way to provide SOL holders with a more attractive staking option, potentially boosting demand for the token.
Vishal Sacheendran, Binance’s Head of Regional Markets, stated, “As one of the first crypto exchanges to offer SOL liquid staking, Binance is providing a seamless and flexible way to earn rewards while allowing users to maintain full control over their staked assets.” This statement has sparked some optimism among Solana (SOL) holders, who are hoping that the new staking service will provide the much-needed momentum for a price recovery.
However, despite this positive development, Solana (SOL)’s price reaction has been tepid. The announcement did lead to a brief rebound in SOL’s price against Bitcoin (BTC) and Ethereum (ETH) during the Asian trading session on September 4th. Nevertheless, the overall market sentiment remains weak, with SOL barely holding onto the $128 support level. The token has faced significant resistance at $160, and analysts warn that a further decline towards $110 could be imminent if sellers manage to breach the current support.
The Staking Trend: Will It Be Enough?According to data from Solana (SOL) Beach, about 65% of Solana (SOL)’s current supply, which amounts to approximately 383.5 million tokens, has been staked. This trend is expected to gain more traction when Binance and other exchanges officially launch their liquid staking services. The anticipation is that increased staking activity could provide some price support for SOL, but it remains unclear whether this will be enough to reverse the downward trend.
Meanwhile, as Solana (SOL)’s outlook remains uncertain, Mpeppe (MPEPE) continues to gain momentum. The meme coin’s strong presale performance is a testament to its growing popularity and potential for high returns. Investors who are wary of Solana (SOL)’s short-term prospects are increasingly looking at Mpeppe (MPEPE) as a viable alternative, drawn by its vibrant community and the excitement surrounding its upcoming market launch.
Conclusion: A Turning Point for Solana (SOL)?As September progresses, Solana (SOL) finds itself at a critical juncture. The upcoming launch of Binance’s staking service offers a glimmer of hope, but it may not be enough to push SOL to $150, especially given the current market conditions. For investors, the decision to hold onto Solana (SOL) or explore alternatives like Mpeppe (MPEPE) could have a significant impact on their portfolios. While Solana (SOL) remains a solid project with strong fundamentals, its short-term outlook is clouded by uncertainty. In contrast, Mpeppe (MPEPE)’s strong presale performance and growing community support make it an attractive option for those looking for new opportunities in the crypto space.
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A.I Cryptocurrency Internet Computer (ICP) Takes A Further 10% Hit, Here’s Why
The cryptocurrency market is no stranger to volatility, but the recent performance of Internet Computer (ICP) has raised eyebrows as it takes another 10% hit. Despite its ambitious goals and high-profile partnerships, Internet Computer (ICP)’s price continues to struggle. As the market watches this downturn, a new contender, Mpeppe (MPEPE), is gaining attention with its promising presale performance. The question on everyone’s mind is: why is ICP faltering, and could Mpeppe (MPEPE) be a better investment?
The Rise and Fall of Internet Computer (ICP)Internet Computer (ICP) was launched with a bold vision—revolutionizing the internet by enabling developers to build websites, enterprise IT systems, and internet services directly on its blockchain. The project, led by the DFINITY Foundation, aimed to decentralize the web, offering a new era of internet freedom and efficiency. However, despite its initial success and substantial backing, Internet Computer (ICP) has faced significant challenges in maintaining its market value.
Recently, Internet Computer (ICP) experienced a 10% drop, continuing a downward trend that has been difficult for the token to shake off. Several factors have contributed to this decline, including market sentiment, competition from other projects like Mpeppe (MPEPE), and the complexities involved in the Internet Computer (ICP) ecosystem.
ICP’s Involvement in Crypto AIOne of the most recent developments for Internet Computer (ICP) was its partnership with Crypto AI, Europe’s leading Crypto AI conference, as a title sponsor. Announced in August 2024, this partnership was seen as a strategic move to align ICP with the growing field of artificial intelligence (AI) within the blockchain industry. The conference, set to take place in November 2024 in Lisbon, has attracted numerous high-profile speakers and influencers, further solidifying its significance in the crypto world.
While the partnership with Crypto AI was expected to bolster Internet Computer (ICP)’s market presence, the market’s reaction has been lukewarm. The recent 10% drop in Internet Computer (ICP)’s price reflects investor uncertainty about the project’s long-term viability. Meanwhile, Mpeppe (MPEPE) has been making waves with its presale, nearing the completion of Stage 3, with over 97% of tokens already sold. This stark contrast in performance highlights the growing interest in Mpeppe (MPEPE) as a potential game-changer in the crypto space.
Market Sentiment and CompetitionWhile Internet Computer (ICP) continues to push forward with its ambitious goals, the broader market sentiment has not been favorable. Investors have expressed concerns about the project’s complexity, the steep learning curve associated with its ecosystem, and the slow pace of adoption compared to other blockchain projects. These factors have contributed to a sense of hesitation among potential investors, leading to a decline in Internet Computer (ICP)’s price.
Furthermore, competition from other blockchain platforms, such as Ethereum and newer projects like Mpeppe (MPEPE), has intensified. Mpeppe (MPEPE), in particular, has gained significant traction in the market, rallying 150% in its presale stages and attracting a wave of investors looking for the next big opportunity. The rise of such competitors has put additional pressure on ICP to prove its value proposition in an increasingly crowded market.
Strategic Partnerships and Future OutlookDespite the recent challenges, Internet Computer (ICP) has not been without its successes. The partnership with Crypto AI, along with other strategic alliances, highlights Internet Computer (ICP)’s ongoing efforts to remain relevant in the fast-evolving crypto landscape. The involvement of Internet Computer (ICP) in high-profile events and its collaboration with key industry players demonstrate the project’s potential to make a significant impact in the long run.
However, the immediate future for Internet Computer (ICP) remains uncertain. The recent 10% drop is a stark reminder of the market’s volatility and the challenges that even well-established projects face. To regain investor confidence, Internet Computer (ICP) will need to deliver on its promises and show tangible results in terms of adoption and real-world applications.
In contrast, Mpeppe (MPEPE) continues to shine as its presale progresses. With the strong momentum in Stage 3 and the potential for substantial returns, Mpeppe (MPEPE) is positioning itself as a strong competitor in the meme coin space. Investors are taking notice, and the excitement around Mpeppe (MPEPE) suggests that it could be the next big thing in the crypto world.
Conclusion: ICP’s Road AheadMeanwhile, Mpeppe (MPEPE) is rapidly gaining ground, with its presale performance indicating strong investor interest and the potential for significant growth. As the cryptocurrency market continues to evolve, the battle for dominance among blockchain platforms will only intensify. Mpeppe (MPEPE) is emerging as a major player in this space, offering a fresh opportunity for investors looking to capitalize on the next wave of innovation in the crypto world.
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‘Anti-American’ Crypto Crackdown: Former Presidential Candidate Slams US Regulators
Former Republican Presidential Candidate Vivek Ramaswamy recently criticized the US regulators for the crackdown on the crypto sector. The industry-friendly politician shared his thoughts on the unclear regulation of digital assets during the Biden-Harris administration, the state of the US economy, and Republican candidate Donald Trump’s financial approach.
Ex-Presidential Candidate Slams US Regulators’ Crypto StanceVivek Ramaswamy recently joined Yahoo Finance’s Market Domination Overtime to discuss the US economy, digital assets’ regulations, and the upcoming elections. During the interview, the pro-crypto former presidential candidate criticized the US Federal Reserve’s “unsustainable” effort to hit unemployment and inflation “with one arrow” as it often “badly” misses both targets.
To the republican politician, market actors’ focus on the Fed is not based on the institution’s “special knowledge,” but rather on the curiosity to see that they “screw up next.”
Similarly, the former hedge fund manager slammed the US’s regulatory stance. Ramaswamy considers the US “regulation by enforcement” approach a problem for the country’s technological development, emphasizing the need for clear policies.
He explained that industry players discover the real rules once regulators like the Securities and Exchange Commission (SEC) enforce them based on the alleged violations. To Ramaswamy, this is “anti-American at its core” and has created an unfair and hostile environment for crypto firms.
Ramaswamy asserted that US investors and companies deserve clarity since that’s “the American way” the country was founded on:
That’s not how this country is supposed to work. Whether it’s crypto or financial services more broadly, we deserve greater clarity rather than ambiguity. Ambiguity is the friend of the tyrant.
Donald Trump, The Industry’s “Friend”?The former presidential candidate also declared that former US president Donald J. Trump would be a “friend” to the crypto industry. He suggested that Trump’s reelection would be a positive development for the country’s regulatory stance.
I know he would be a friend. I’ve had many conversations with him about this (…) He’s been very public about it.
As reported by Bitcoinist, Ramaswamy influenced Trump’s position against a Central Bank Digital Currency (CBDC) in the US and the crypto industry earlier this year. The entrepreneur has repeatedly praised the Republican Candidate’s “open mind” and willingness to learn about the emerging sector.
To Yahoo Finance, Ramaswamy emphasized that Trump is someone “who favors financial freedom” like him, adding that the former president has evolved his view on digital assets and the necessary regulatory clarity that the crypto sector lacks:
Donald Trump is someone who favors financial freedom. I know that’s important to him, as it is important to me (…) He’s developed his views on financial freedom; on the ability to self-custody your own assets; on what some leadership changes look like in the regulatory state;(…) and the importance of regulatory clarity.
The ex-candidate referred to Trump’s speech at the Bitcoin 2024 Conference as evidence of his friendly approach to the industry. During his appearance as a keynote speaker, the former president pledged to end the Biden-Harris administration’s “anti-crypto crusade.” The Republican candidate also promised to fire SEC’s chair Gary Gensler if reelected president.
Conversely, Ramaswamy said that the Biden-Harris administration’s decisions were “undoubtedly responsible” for the struggle of the average American with inflation. He also expressed concern about Vice President Kamala Harris’ proposed capital gains tax policies.
Ultimately, the entrepreneur considers that “in the name of addressing that problem, we’re going to get even worse solutions that actually leave those everyday Americans worse off.”
ETH Millionaire Calls Mpeppe ‘A Sure Bet’ After $27,000 Presale Purchase
In the fast-paced world of cryptocurrency, where fortunes are made and lost in a matter of days, strategic investments are key to staying ahead. Recently, the crypto community has been buzzing with news of an Ethereum (ETH) millionaire who made a bold move by investing $27,000 into Mpeppe (MPEPE) during its presale stage. This significant investment is drawing attention not only to Mpeppe (MPEPE) but also to the broader trends shaping the cryptocurrency market.
Ethereum’s Continued Dominance and Its New VenturesEthereum (ETH) remains a dominant force in the cryptocurrency space, especially with its robust decentralized finance (DeFi) ecosystem and the increasing adoption of Ethereum-based exchange-traded funds (ETFs). These ETFs have seen a resurgence of interest, with recent inflows totaling $5.8 million after several days of outflows, signaling renewed investor confidence in Ethereum (ETH)’s long-term prospects.
This positive momentum in Ethereum (ETH) has set the stage for new opportunities, and savvy investors are now looking for the next big thing. Enter Mpeppe (MPEPE), a meme-based cryptocurrency that has quickly captured the attention of the crypto world.
Mpeppe & Ethereum InfrastructureMpeppe (MPEPE) is more than just another meme coin. Priced at $0.00177 during its presale, Mpeppe (MPEPE) has already sold over 90% of its stage 3 tokens, signaling strong demand and a potential for massive returns. With the potential for 100x returns, Mpeppe (MPEPE) is positioning itself as a serious contender in the meme coin market, and Ethereum (ETH) whales are taking notice.
The infrastructure provided by Ethereum (ETH)’s blockchain plays a crucial role in Mpeppe (MPEPE)’s appeal. Leveraging Ethereum (ETH)’s established trust, liquidity, and technology, Mpeppe (MPEPE) offers a promising opportunity for investors looking to diversify their portfolios and capitalize on the growing popularity of meme coins.
The $27,000 Bet: A Strategic MoveThe decision by an Ethereum (ETH) millionaire to invest $27,000 in Mpeppe (MPEPE) during its presale is more than just a vote of confidence in the new coin. It reflects a broader trend among high-net-worth individuals who are looking to capture the next wave of growth in the cryptocurrency market. With Mpeppe (MPEPE)’s strong community support and strategic marketing, this investment could very well pay off, as the coin is expected to hit major exchanges soon.
This move also highlights the bullish sentiment surrounding Ethereum (ETH) and its associated projects. As more capital flows into Ethereum (ETH)-based initiatives, tokens like Mpeppe (MPEPE) are well-positioned to benefit from this increased attention.
The Growing Crypto WealthAccording to the Crypto Wealth Report 2024 by Henley & Partners, the number of individuals with over $1 million in crypto assets has surged by 95% in the past year, totaling 172,300 people. Among these, Ethereum (ETH) millionaires are increasingly looking for new opportunities to grow their wealth, and Mpeppe (MPEPE) is emerging as a prime candidate.
The report also noted a significant increase in centi-millionaires and billionaires within the crypto space, further underscoring the rapid adoption and growth of digital assets. With the market climate increasingly favoring high-net-worth individuals, investments like the one made by the Ethereum (ETH) millionaire in Mpeppe (MPEPE) are likely to become more common.
A Promising Future for MpeppeThe Ethereum (ETH) millionaire’s investment in Mpeppe (MPEPE) is a clear indication that this meme coin has caught the attention of serious investors. With nearly $2 million raised during its presale and strong community support, Mpeppe (MPEPE) is poised to make a significant impact once it hits the open market.
As the crypto market continues to evolve, tokens like Mpeppe (MPEPE), backed by the robust infrastructure of Ethereum (ETH), are likely to see substantial growth. The strategic investments made by Ethereum (ETH) millionaires not only highlight the potential of Mpeppe (MPEPE) but also reflect the broader optimism within the cryptocurrency market.
In the coming months, as Mpeppe (MPEPE) gains traction and Ethereum (ETH) continues to dominate the DeFi space, the synergy between established giants and emerging tokens will likely create new opportunities for investors looking to capitalize on the next big trend in crypto. For those willing to take a calculated risk, Mpeppe (MPEPE) represents a promising opportunity to ride the wave of growth in the ever-dynamic world of cryptocurrency.
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Pepe (PEPE) Losses Favor After 10.84% Price Drop Creating Influx Of Holders For Competitor Mpeppe (MPEPE)
The ever-evolving world of cryptocurrencies continues to present a dynamic landscape, where fortunes can shift in the blink of an eye. Recently, Pepe Coin (PEPE), a well-known player in the meme coin sector, has faced a significant challenge, losing 10.84% of its value. This drop has sparked a shift in the market, with many holders moving their attention and investments to a rising competitor: Mpeppe (MPEPE).
Pepe Coin’s Struggles: A Mixed Market SentimentPepe Coin has been a favorite among large investors, who have recently increased their holdings by over 5%, signaling a strong belief in its long-term potential. However, this confidence from big players hasn’t translated into broader retail engagement. Everyday traders have remained cautious, and the coin’s price has struggled to break free from its current stagnation.
Trading patterns for PEPE suggest a pivotal moment. The coin has hovered around $0.00000785, with a significant resistance point at $0.00000836. If Pepe Coin can overcome this barrier, analysts predict a potential 68% price surge. However, if it fails to do so, the price may retreat to around $0.00000700, further complicating its outlook.
Mpeppe: A New Contender EmergesAs Pepe Coin faces these hurdles, Mpeppe (MPEPE) has quickly become an attractive alternative for investors looking for the next big opportunity in the meme coin market. Mpeppe (MPEPE) has been gaining traction due to its innovative approach, community-driven momentum, and the upcoming launch of its crypto casino, which promises to add real utility to the token.
The recent influx of former PEPE holders into Mpeppe (MPEPE) signals a shift in market sentiment. Investors who were once loyal to Pepe Coin are now diversifying their portfolios, with many seeing Mpeppe (MPEPE) as a more promising option given its potential for growth and the excitement surrounding its new developments.
Market Reaction and Future ProspectsThe market’s reaction to Pepe Coin’s recent decline has been mixed. While some investors remain hopeful that PEPE will recover and possibly surge past its resistance level, others are hedging their bets by exploring new opportunities like Mpeppe (MPEPE). The enthusiasm for Mpeppe is not just a reaction to PEPE’s struggles but also a recognition of Mpeppe (MPEPE)’s potential to carve out a significant niche in the meme coin landscape.
As Mpeppe (MPEPE) continues to gain popularity, its price has seen steady increases, further encouraging the shift from PEPE. With its upcoming features and strong community backing, Mpeppe (MPEPE) is well-positioned to capitalize on the current market dynamics and potentially challenge the dominance of established meme coins like Pepe Coin.
Conclusion: A New Era in Meme Coins?As the crypto community continues to watch these developments unfold, it will be interesting to see whether Pepe Coin can overcome its current obstacles or if Mpeppe (MPEPE) will continue its ascent, possibly becoming the next big name in the meme coin space. One thing is certain: in the world of cryptocurrencies, adaptability and innovation are key, and those who can navigate the shifting tides stand to gain the most.
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В CryptoQuant назвали основную причину падения цены эфира
Марк Мосс: Цену биткоина до конца года определят действия двух политиков
Мария Корина Мачадо: «Биткоин стал средством сопротивления политическому режиму Венесуэлы»
Bitcoin (BTC) Short-Term Holders At Risk As Unrealized Losses Remain High
Bitcoin and the broader crypto market are experiencing turbulent price action after nearly six months of corrections and consolidation. This prolonged period of volatility has kept investors on edge as prices fluctuate unpredictably.
Recent data from Glassnode suggests that the current retracement phase may not yet be over. Short-term holders are particularly vulnerable, facing significant risks as the market adjusts and continues to test support levels. This ongoing uncertainty underscores investors’ challenges, highlighting the importance of closely monitoring market trends and data.
As Bitcoin and other cryptocurrencies navigate through this volatile phase, adapting and making informed decisions will be crucial. Understanding these market dynamics can provide valuable insights into potential future movements, helping traders and long-term investors better manage their positions amidst the ongoing price fluctuations and shifting market conditions.
Bitcoin Facing Market PressureBitcoin (BTC) is facing significant pressure, as recent data from Glassnode Insights highlights that Short-Term Holders—representing new demand in the market—are currently bearing the brunt of the market pressure. This group’s unrealized losses substantially influence the market, and their scale has consistently grown over the past few months.
Despite this, their unrealized losses relative to the market capitalization have not yet reached levels typically seen in a full-scale bear market. Instead, they are more reminiscent of the conditions observed during 2019.
This data underscores the ongoing volatility and uncertainty driving Bitcoin’s price action. Short-Term Holders struggle with mounting losses, so their positions contribute to the market’s fluctuating dynamics.
The increasing unrealized losses among this cohort reflect the broader market turbulence, indicating that Bitcoin is still navigating through a complex and unstable phase.
Understanding these trends is crucial for investors as they navigate the current environment. The current situation suggests that while pressures are intense, the market has not yet entered a full bear market scenario. This insight provides a context for the volatile price movements and highlights the need for careful strategy in managing Bitcoin investments amidst the prevailing uncertainty.
BTC Price ActionBitcoin (BTC) is trading at $56,797 after experiencing several days of stagnant and declining price action. The cryptocurrency remains below the 4-hour 200 moving average of $59,520. This moving average is a crucial short-term indicator of BTC’s strength, and reclaiming it is essential for bullish momentum.
For Bitcoin to shift its trajectory and initiate a positive trend, it must surpass this moving average and break above the psychological level of $60,000. This level is key in determining the market’s direction over the coming weeks.
Conversely, if BTC fails to close above these critical levels, it risks sliding further. The next significant support level is around $54,500, which could confirm a deeper correction.
A break below this support could lead to a more substantial decline, potentially testing levels below $49,000. The current price action underscores the importance of these technical levels in guiding Bitcoin’s short-term direction and influencing investor sentiment.
Featured image from Dall-E, chart from TradingView
Британский регулятор отклонил 87% заявок на регистрацию от криптокомпаний
Полиция вернула украденные нигерийской мошенницей биткоины жителю Канзаса
Shiba Inu Whale Volumes Sees Drastic Increase, What’s Driving It?
The crypto industry might be looking unfavorable in terms of price increases with Bitcoin’s break below $50,000, but Shiba Inu (SHIB) holders seem to be defying the odds. Despite the overall market turbulence and significant selloffs, the dog-themed cryptocurrency has experienced a noticeable uptick in large transactions over the last 24 hours.
This interesting trend surrounding Shiba Inu is noted through data from IntoTheBlock, an on-chain analytics platform. Notably, the platform’s ‘Large Transaction Volume’ metric reveals an impressive 34.5% rise in the volume of large transactions in the past 24 hours. Since the beginning of September, this metric has surged by a remarkable 266.5%, suggesting growing interest from large investors in SHIB.
Shiba Inu Whale Volume Increases DrasticallyData from IntoTheBlock indicates that large SHIB transactions, which are transactions valued at $100,000 or more, have increased massively since September started. This metric reveals that the total volume of these substantial trades has surpassed 2.65 trillion SHIB in just the past 24 hours, translating to a value of approximately $35.9 million.
This is particularly notable because the SHIB whale movement started the month on a bearish note. According to the metric, large SHIB transactions dropped 3.52 trillion SHIB on August 30 to 723 billion SHIB on September 1, which is a testament to the prevailing sentiment among large SHIB holders at the time. In general, a drop in whale activity often signals a weakening sentiment, as large investors tend to scale back when they lose confidence in a digital asset.
However, the latest data points to a potential shift in sentiment, with an apparent resurgence in interest among significant SHIB holders over the past 24 hours. Although this uptick in activity could also be selloffs, the simultaneous increase in SHIB’s price during this period suggests accumulation by some large holders rather than liquidation.
What’s Driving The Increase?It’s unclear what might be driving the increase in whale activity, especially since the industry hasn’t had any strong bullish catalyst in the past few days. One notable development was the burning of a massive 96 million SHIB tokens in a single transaction, which attracted attention across the community. Even Justin Sun, the founder of Tron, praised Shiba Inu’s token-burning mechanism.
This Shiba Inu decentralized autonomous organization (DAO) also recently concluded a voting process on how to utilize some funds available for the ecosystem. The successful conclusion of this vote reinforced the decentralized, community-driven nature of the Shiba Inu ecosystem, likely boosting investor confidence.
Another factor that may be contributing to the positive sentiment is the launch of “Agent Shiboshi,” a new game developed within the Shiba Inu ecosystem on the iOS platform. At the time of writing, SHIB is trading at $0.0000135 and is up by 2% in the past 24 hours.
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