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While Dogecoin (DOGE) has long been the poster child of meme coins, many investors are beginning to doubt whether Dogecoin (DOGE) will ever reach the elusive $1 mark. In the midst of Dogecoin (DOGE)’s struggles, a new contender has emerged—Mpeppe (MPEPE)—and it’s quickly becoming the fastest-growing meme coin of all time. With a unique utility tied to decentralized gaming and online gambling, Mpeppe (MPEPE) is catching the attention of both seasoned and new investors alike.

Why Dogecoin Faces a Rocky Road to $1

The goal of seeing Dogecoin (DOGE) hit $1 has been a driving force behind the Dogecoin (DOGE) community for years, but as market dynamics evolve, reaching that milestone seems more challenging than ever. Dogecoin (DOGE)’s reliance on hype without strong utility makes it vulnerable to market downturns, leading many to look for alternatives with better growth prospects.

Enter Mpeppe (MPEPE): The New Meme Coin That’s Disrupting the Space

Unlike Dogecoin (DOGE), which was born from internet memes without much functionality, Mpeppe (MPEPE) offers something more tangible to the market: a thriving online gambling ecosystem powered by blockchain technology. Its decentralized model is reshaping how players engage with online casinos, bringing transparency, speed, and fairness to the table.

Decentralization Unleashed: How Mpeppe (MPEPE) Redefines Casino Gaming

One of Mpeppe (MPEPE)’s biggest advantages is its decentralized approach to online casinos. Traditional casinos are centralized, often leaving room for mistrust. In contrast, Mpeppe (MPEPE) harnesses the power of blockchain technology, ensuring that all transactions are transparent and free from manipulation. This decentralized structure eradicates the need for intermediaries, providing players with a seamless gambling experience.

Immutable Blockchain Technology Ensures Fair Play

The use of immutable blockchain technology is a game-changer for Mpeppe (MPEPE). By integrating blockchain into its casino ecosystem, Mpeppe (MPEPE) guarantees that all transactions and player data remain secure and unaltered. This level of transparency ensures that players can trust the platform, knowing that their information is protected and that all games are fair.

Final Thoughts: Is Mpeppe (MPEPE) the Meme Coin to Watch?

Dogecoin (DOGE)’s dominance in the meme coin market is being challenged by new challengers like Mpeppe (MPEPE). Mpeppe (MPEPE), a platform combining meme culture and technology, is gaining popularity in the cryptocurrency world. Its utility in the casino and gaming industry makes it a potential platform for long-term growth. As Dogecoin (DOGE) struggles to break through key price points, Mpeppe (MPEPE)’s rapid ascent could solidify its position as the next big thing in the meme coin market.

 

For more information on the Mpeppe (MPEPE) Presale: 

Visit Mpeppe (MPEPE)

Join and become a community member: 

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

The cryptocurrency market is constantly evolving, with new projects offering unique use cases and disruptive technology. Two standout tokens that investors are paying attention to today are Injective Protocol (INJ) and Mpeppe (MPEPE). While Injective Protocol (INJ) is focused on De-Fi and decentralized trading, Mpeppe (MPEPE) is shaking up the online gambling world with its innovative casino token. Let’s take a closer look at why Injective Protocol (INJ) and Mpeppe (MPEPE) are top buys today.

Injective Protocol (INJ): A Leader in Decentralized Trading

Injective Protocol (INJ) has built a strong reputation as a leading decentralized finance (De-Fi) platform. By offering derivatives, futures, and other financial products in a trustless environment, INJ provides traders with tools traditionally found only on centralized exchanges. This decentralized approach is not only more secure, but it also gives users greater control over their assets.

Why Injective (INJ) Is a Strong Buy Right Now

With the rise of decentralized exchanges and trustless financial ecosystems, Injective Protocol (INJ) stands out due to its robust platform, which allows users to trade assets, derivatives, and more. Its unique combination of decentralized finance applications has made it a favorite among both institutional and retail investors. As more people embrace De-Fi, Injective Protocol (INJ) is well-positioned to see continued growth.

Mpeppe (MPEPE): The Future of Casino Tokens

While Injective Protocol (INJ) is making waves in the De-Fi space, Mpeppe (MPEPE) is revolutionizing the online gambling industry. As the world of online casinos continues to grow, Mpeppe (MPEPE) is leveraging blockchain technology to create a decentralized, secure, and transparent gambling ecosystem. Mpeppe (MPEPE) provides a solution to many of the issues that players face in traditional online casinos, such as privacy, fairness, and high transaction fees.

How Mpeppe (MPEPE) Is Changing Online Gambling

Mpeppe (MPEPE) capitalizes on blockchain technology to enhance security, transparency, and efficiency within online gambling platforms. Through the decentralized nature of cryptocurrencies, Mpeppe (MPEPE) ensures that players can gamble securely while maintaining their privacy. Additionally, the use of smart contracts guarantees the fairness of games and the automatic distribution of winnings.

The Rise of Blockchain in the Gambling Industry

The integration of blockchain technology into online gambling has been driven by several factors, including the need for increased transparency, privacy, and security. In traditional online casinos, players are often concerned about the fairness of the games and the safety of their funds. Mpeppe (MPEPE) eliminates these concerns by utilizing smart contracts and decentralized ledgers to ensure transparency and accountability.

Advantages for Gamblers Using Mpeppe (MPEPE)

The advantages of using Mpeppe (MPEPE) in online gambling are numerous. For starters, the decentralized nature of the token eliminates the need for intermediaries, allowing players to enjoy faster transactions and lower fees. Moreover, blockchain technology ensures that all transactions are immutable, meaning that no one can alter the outcome of a game or tamper with a player’s winnings.

Final Thoughts: Adding INJ and Mpeppe (MPEPE) to Your Watchlist

Injective Protocol (INJ) and Mpeppe (MPEPE) are two cryptocurrencies with significant potential in the cryptocurrency market. Injective Protocol (INJ) is ideal for De-Fi and decentralized trading, while MPEPE capitalizes on the growing online gambling industry. These tokens offer practical use cases and are worth adding to any crypto trader’s portfolio, making them valuable investments.

For more information on the Mpeppe (MPEPE) Presale: 

Visit Mpeppe (MPEPE)

Join and become a community member: 

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

Генеральный директор американской компании Ripple заявил, что стейблкоины, привязанные к японской иене, будут пользоваться большим спросом на рынке. США отстают от Японии в вопросе регулирования крипторынка, назвал важную причину предприниматель.

Эксперты трейдинговой компании QCP Capital опубликовали новый отчет, где оценили ситуацию на крипторынке. По мнению специалистов, технические индикаторы перестали оказывать существенное влияние на ценовую динамику биткоина.

With the US economy slowing down, many are looking at Bitcoin as the next big safe haven, much like gold did during the 1930s. And with the continued downturn in US economic data, many have been speculating on how cryptocurrencies, especially Bitcoin, would react to this perfect storm brewing.

Popular analyst Michaël van de Poppe says Bitcoin could very well follow the trajectory of the historic rise of gold during the Great Depression.

As views on US debt, inflation, and rising interest rates pile up, Bitcoin is increasingly touted as a hedge against economic uncertainty. Van de Poppe is among the analysts taking the view that Bitcoin will have its ultimate rally very soon and that it will be sustained via rate cuts and quantitative easing policies.

The #Bitcoin Surge is Close

It’s typical. The four-year cycle is taking place just like any other cycle, but the significance of this cycle is comparable to the 1930’s of Gold or the https://t.co/GoodB359DI bust in 2000.

The impact of $BTC will be massive over the following… pic.twitter.com/ZARsWX4qf8

— Michaël van de Poppe (@CryptoMichNL) September 5, 2024

Comparisons To The Gold Standard

The analogy to gold isn’t all that far-fetched. During the 1920s, gold was still, under the Gold Standard, but once the economy went up in smoke during the 1930s, the precious metal surged. That may be exactly how it is playing out today with Bitcoin. Van de Poppe insists the four-year cycle for Bitcoin remains intact, just like during economic turmoil, how gold went through a predictable series of cycles.

The global economic landscape is shifting, with the US national debt more than $35 trillion and the Federal Reserve fighting to hike interest rates while trying not to continue the elimination of inflation. Most countries in the world, such as China, are getting their portfolio off the US dollar. That could weaken the greenback’s current stranglehold on the world, pushing more investors toward alternative assets like Bitcoin.

Bitcoin: A Bullish Breakout On The Horizon?

But Van de Poppe is not the only one who is super bullish about Bitcoin. According to him, the US economy will ready itself for one final huge bull run well in advance of the much-expected financial crisis. Rate cuts from the Fed expected later this month will be a last-ditch attempt to keep the economy alive. In fact, those cuts could power a surge in Bitcoin instead.

Investors in these uncertain times hedge into such assets as gold and Bitcoin. These assets have fared quite well during economic decline. In the light of such thinking, Van de Poppe voices the increasingly growing trend of analysts who look upon Bitcoin as a modern-day store of value.

The End Of The US Dollar’s Dominance

Probably one of the biggest movers of interest in Bitcoin is a weak US dollar. With inflation on the rise and interest rates doing the same, holding cash is not quite as attractive. That seems to have translated into a shift in how people and institutions keep their portfolios. Van de Poppe also mentioned how other currencies such as the Japanese yen and euro are gaining strength as the US dollar demonstrates weakness.

Featured image from Pexels, chart from TradingView

Генеральный директор финтех-компании Jan3 заявил, что цена первой криптовалюты легко преодолеет медвежий тренд. Ралли актива обеспечат так называемые макроэкономические факторы, уверен бизнесмен.

There’s no denying that Bitcoin has significantly underperformed in recent months and has fallen short of the high expectations held by many bullish market participants. This underperformance has been especially evident in the past few weeks, where the cryptocurrency has faced considerable declines. Bitcoin’s price has dropped by 8.2% over the last seven days and 5.4% in the past 20 days, pushing more short-term holders into losses.

A well-known crypto analyst, Caleb Franzen, recently weighed in on the situation through a post on the social media platform X (formerly Twitter). According to Franzen, Bitcoin’s underwhelming performance has now positioned the cryptocurrency at a crucial position that would determine a bull market continuation. 

Bitcoin At A Critical Juncture

“This is the moment for Bitcoin,” Caleb Franzen noted. This statement was made as part of a post in which the analyst noted how Bitcoin’s bullish structure seems to be breaking down. Known for his historically bullish stance on Bitcoin, Franzen has consistently predicted upward trends for the cryptocurrency.

However, his latest remarks signal a shift in his outlook as he begins to reassess his last bullish prediction in light of current market conditions.

Interestingly, he backed up his decision to temper his optimism by highlighting various trading indicators that have now turned negative for Bitcoin. Among these, he highlighted the Williams %R, a momentum indicator, which has failed to show any bullish momentum over the past 60 days.

Furthermore, he pointed to the lack of overbought signals, the negative slopes of critical moving averages like the 21, 55, and 200 EMAs, and a noticeable decline in risk appetite among investors.

Franzen emphasized that these indicators should be viewed objectively. Hence, their current state suggests that it’s time to acknowledge the present reality of Bitcoin’s price struggle. Despite this, Franzen remains cautiously optimistic about Bitcoin’s long-term potential.

However, he acknowledged that his expectations for a bull market continuation pushing Bitcoin above $90,000, which he had held for the past six months, may have been overly optimistic. He also goes ahead to recap how his overly optimistic stance on Bitcoin has brought him tremendous criticism over the years. 

This is the moment for #Bitcoin.

A daily close below $54k would represent yet another lower low after a series of lower highs.

We’re below the 21, 55, 100 and 200-day MA.

We’re below the short-term holder realized price.

We’re losing bullish structure.

These are just facts.… pic.twitter.com/A3xE7IwkLe

— Caleb Franzen (@CalebFranzen) September 6, 2024

What Does This Mean For Bitcoin?

According to Frazer, a daily close below $54,000 would represent yet another lower low after a series of lower highs. This could lead to a further decline in the price of Bitcoin for the rest of the weekend. Interestingly, this aligns with a recent price outlook by Arthur Hayes, who expects a break below $50,000 this weekend. Hayes is the co-founder of crypto exchange BitMEX.

As of the time of writing, Bitcoin is trading at $54,280, hovering close to a pivotal support at $54,000. Should the price drop below $54,000, it could confirm a deeper bearish trend.

Featured image from MarketWatch, chart from TradingView

Депутат фракции КПРФ в Госдуме Анастасия Удальцова и политический обозреватель ИА «АВРОРА» Фёдор Бирюков обсуждают актуальные социально-политические новости #РадиоАВРОРА – это открытая нецензурируемая...

Solana (SOL) is showing signs of recovery as the altcoin is steadily advancing towards the crucial $137 mark. After recent fluctuations, the cryptocurrency is experiencing a resurgence of bullish momentum, challenging the strength of ongoing bearish resistance. 

This rebound highlights the potential for Solana to overcome recent struggles and push through key resistance levels. With the bulls gaining traction, the spotlight now shifts to whether this upward momentum can be sustained or if the bears will regain control and hinder the rally.

As SOL approaches this key level, this article aims to determine whether Solana can maintain its upward trajectory and overcome existing bearish pressures, or if the resistance will prove too strong, affecting its short-term outlook. We will analyze recent price movements and key technical indicators to provide insights into the cryptocurrency’s potential direction.

Solana’s Push Toward $137 Amidst Shifting Sentiment

On the 4-hour chart, while trading below the 100-day Simple Moving Average (SMA), Solana is currently on a significant bullish momentum move, advancing toward the $137 mark and forming a positive candlestick after a rebound at $118. This upward movement suggests increasing buying interest and optimistic market sentiment.

Still on the 4-hour chart, the Relative Strength Index (RSI) is currently at 43% and is attempting to climb toward the 50% threshold. The movement indicates that the bullish momentum is gaining traction, signaling a potential shift from the oversold zone. If the RSI successfully breaches the 50% mark, it could trigger strong buying pressure and support Solana’s upward move toward $137.

Furthermore, Solana is exhibiting promising signs on the daily chart as it aims for the $137 level despite trading below the 100-day SMA. This formation of a bullish candlestick indicates potential upward movement, suggesting that the cryptocurrency might gain momentum and push higher, even while positioned beneath the key moving average.

Finally, the 1-day RSI shows that Solana might extend its current rebound as the signal line, which is currently sitting at 34%, is showing signs of rising toward the 50% mark. Thus this upward attempt implies that SOL might regain bullish strength as it progresses.

Potential Scenarios For SOL’s Price Trajectory

As Solana aims for the $137 level, several scenarios could shape its price trajectory. If the bullish momentum continues and the cryptocurrency manages to break above this level, it could signal a strong rally, potentially pushing SOL toward the $164 resistance range and beyond. 

Conversely, if the resistance at $137 proves too strong and bearish pressures reassert, SOL could face a rejection that drives its price back to the previous level of $118, possibly testing lower support zones.

At the time of writing, SOL was trading around $127, showing a 0.72% decline. The cryptocurrency boasts a market capitalization of over $59 billion and a trading volume of $3.5 billion. In the past 24 hours, SOL’s market cap has decreased by 0.56%, while trading volume has experienced a significant increase of 84.18%.

Bitcoin fell below $54,000 on September 6, 2024, after cruising earlier in the day to $57,000 following the US nonfarm payrolls. The report showed that the economy added only 142,000 jobs in August, which was much below expectations and threw the crypto market into volatility.

The abrupt U-turn drove the crypto ecology into a tailspin. After striking a low of $53,780, Bitcoin lost roughly 4% in the past 24 hours and traded for $54,101. Following the dismal job count, there was conjecture on Federal Reserve interest rate cuts; estimates of a 70% probability of a 25 basis-point drop at the next FOMC meeting on September 18.

Altcoins Also In The Red

The liquidation wasn’t unique to bitcoin. Major altcoins were also off: ether was down 4.6% over the past 24 hours, changing hands at $2,261. Others with notable losses included Ripple’s XRP and DOGE, each down more than 4%.

Liquidations And Market Turbulence

The wild swings in price ensured heavy liquidations occurred in the crypto market. According to some reports, about $93 million were liquidated within a four-hour frame. These liquidations largely belonged to leveraged longs that caught traders off guard who were expecting a further rally.

Potential Fed Rate Cut Looms

The dismal jobs number has sparked speculation about upcoming interest rate actions. Some investors now expect the possibility of rate cuts, with a 70% chance seen for a 25-bp cut at the next FOMC meeting on September 18.

“Ultimately, the nature of the cut – whether bullish or bearish – depends on economic data and Fed commentary, but all things being equal I still view 25 bps as better for asset prices than 50 bps,” Sean Farrell, digital asset research head at Fundstrat, said.

A smaller cut would be more favorable to risk assets, since a 50bp cut could suggest the Fed is getting worried about a recession in the US economy. The nature of the cut will come down to economic data and Fed commentary.

Bitcoin: Bearish Pressure Remains Low

Although the broader market is in decline, data shows that bearish pressure for Bitcoin remains low. This is indicative that the current bearish momentum might be due to unaggressive selling pressure.

While the failure of Bitcoin to hold above $54,000 after the US jobs report brings into light some volatility in the cryptocurrency market, a possible central bank rate cut increased uncertainty and made the participants in the market look closely at the next move from the Fed.

Like all other cryptocurrencies, the altcoins have also taken a beating and fallen below their key resistance levels, with the broader crypto market retreating. According to analysts, the bearish pressure might not be that serious as it seems.

Featured image from Pexels, chart from TradingView

The long-running legal battle between Ripple and the US Securities and Exchange Commission (SEC) has yet to be concluded despite Judge Analisa Torres’ August 7 ruling, which appeared to have ended the case. This follows a recent development showing that the SEC is still considering appealing the court’s ruling. 

Ripple Requests Stay On Monetary Judgement

Ripple recently filed a letter requesting a stay on the court’s monetary judgment awarded against the crypto firm in favor of the Commission. In her judgment delivered on August 7, Torres ruled that Ripple should pay the SEC a fine of $125 million for violating securities laws. 

Ripple was meant to have paid the SEC by September 6. However, the stay request, which Judge Torres granted, showed Ripple would no longer have to pay the $125 million to the SEC until 30 days after the expiration of the time allowed for an appeal with no appeal filed or after a decision by the Court of Appeals resolving any potential appeal.

This suggests that the SEC, which consented to the stay request even before Judge Torres granted it, is still considering appealing the case. As explained by legal expert Fred Rispoli, the Commission likely agreed to this request as they could pay Ripple an interest on the monetary judgment if the crypto firm were to pay now, and the SEC ended up appealing and losing the appeal. 

As such, the Commission is content for Ripple to keep the funds in trust while they weigh their options on whether to appeal Judge Torres’ ruling, especially the one in which she declared that XRP wasn’t a security in itself. Rispoli also increased the likelihood of an SEC appeal to 60% following the stay request put forward by Ripple. 

The Commission will have until October 6 to decide on whether to file an appeal. Ripple, on its part, has long made it clear through its CEO, Brad Garlinghouse, and Chief Legal Officer (CLO) Stuart Alderoty that it has no intention to file an appeal as they see the court’s ruling as a victory in their search for legal clarity.  

Ripple Looks To Lobby For More Favorable Conditions For Crypto

Ripple’s legal battle against the SEC seems to have pushed the crypto firm to lobby for more favorable conditions for the crypto industry as it seeks to end the Commission’s enforcement actions against crypto firms. Bitcoinist recently reported that Ripple’s co-founder Chris Larsen was one of 88 corporate leaders who signed a letter endorsing Democratic presidential candidate Kamala Harris. 

Meanwhile, Alderoty had earlier shown support for Republican presidential candidate Donald Trump, donating $300,000 to the former US president’s campaign. Alderoty is believed to have donated because Trump has adopted a pro-crypto stance. Interestingly, Trump has also promised to fire SEC Chair Gary Gensler on his first day in office if elected. Gensler has overseen the Commission’s legal battle against Ripple and is known for his anti-crypto stance. 

Featured image from The New York Times, chart from TradingView

The cryptocurrency market has been under intense bearish pressure in recent weeks, with several large-cap assets including Bitcoin (BTC) and Ethereum (ETH) struggling to put in a positive shift. The past week was particularly drab for the two largest cryptocurrencies, as they posted double-digit losses in the last seven-day period.

While the BTC price performance has cooled off in the past two quarters of 2024, the flagship cryptocurrency is still outpacing Ethereum in terms of market action. Although some of this can be attributed to ETH’s own underwhelming performance in recent weeks, a blockchain analytics company has offered insight into the dynamics between Bitcoin and Ethereum.

Here’s Why Bitcoin Is Outperforming Ethereum: CryptoQuant

In its latest report, CryptoQuant discussed the performance of Ethereum relative to Bitcoin in recent years. According to the platform’s data, Ethereum has underperformed Bitcoin by 44% since The Merge, an event in 2022 that saw Ethereum (formerly a Proof-of-Work blockchain) transition into a Proof-of-Stake (PoS) network.

As of this writing, data from TradingView shows that the ETH/BTC price stands at around $0.04122, the lowest level since April 2021. ETH’s underwhelming action against BTC has persisted despite the recent launch of spot Ethereum exchange-traded funds (ETFs) in the United States. In fact, the ETH/BTC pair is down by 18% since the approval of the funds.

According to CryptoQuant, Ethereum’s sluggish action against Bitcoin can be associated with its relatively weaker network activity. For instance, Ethereum’s network total transaction fees have been on a sustained decline following the Dencun upgrade. Meanwhile, the relative transaction count has fallen to a multi-year low of 11.

Furthermore, the supply dynamics have not been particularly favorable to Ethereum compared to Bitcoin. CryptoQuant highlighted that the total Ether supply has been growing consistently since early April, shortly after the Dencun upgrade. Coincidentally, Bitcoin completed its fourth halving event in April, seeing miners’ rewards slashed from 12.5 BTC to 6.25 BTC.

Moreover, investors have shown a preference for Bitcoin over Ethereum. This fact is supported by the decline in the relative spot trading volume of ETH to BTC, which has dipped from 1.6 (I.e., the former’s spot trading volume was 1.6 times greater than the latter’s) to 0.76 in the past week.

What Next?

Interestingly, CryptoQuant believes that Ethereum could continue to underperform against Bitcoin, especially as it is still above undervaluation territory. According to the analytics firm, ETH/BTC would need to fall at least 50% from its current level to reach the undervaluation zone. As of this writing, the Bitcoin price stands around $53,700 while Ethereum is valued at $2,213, according to CoinGecko data.

American investment company WisdomTree has requested to withdraw its Ethereum Trust registration statement three years after submission to the US Securities and Exchange Commission (SEC). This development comes a few hours after fellow asset manager VanEck closed down its Ethereum futures ETF citing a lack of demand.

WisdomTree To Terminate Ethereum ETF Registration 

In a filing on September 6, WisdomTree approached the SEC to retract the S-1 registration form of the exchange-traded fund known as “WisdomTree Ethereum Trust”. The American asset manager first filed this registration statement on May 27, 2021, seeking to launch an ETF that offered investors exposure to Ethereum but with lower costs and fewer liabilities. 

A statement from the application read:

In seeking to achieve its investment objective, the Trust will hold ether and will value its Shares daily based on the [CF Ether-Dollar US Settlement Price], which is an independently calculated value based on an aggregation of executed trade flow of major ether spot exchanges.”

The “WisdomTree Ethereum Trust” was to be traded on the Chicago Board Options Exchange (Cboe) with the proposed maximum aggregate offering price of $1,000,000. 

Three years later, WisdomTree has moved to withdraw the registration statement of this ETF alongside all relevant exhibits. The asset manager states that no securities in relation to the said application have been/will be sold to investors. In addition, WisdomTree has acknowledged that the filing fees for this registration statement, valued at $109.10, cannot be refunded. They have also requested that these fees be directed toward future use. 

As earlier stated, WisdomTree’s announcement comes shortly after VanEck unveiled plans to shut down its VanEck Ethereum Strategy ETF (EFUT), an investment fund based on Ethereum futures contracts. According to VanEck, this decision is based on an analysis of several factors including “performance, liquidity, assets under management, and investor interest”.  Trading activity on EFUT will come to a halt on September 16, followed by shares liquidation on or about September 23.

ETH Spot ETF Market Sees $6 Million In Loss

In other news, the Ethereum spot ETF market had recorded an outflow of $6 million in the last day according to data from Farside Investors. The total cumulative net flows of the nascent market now stand at -$568.5 million despite holding over 2% of the Ethereum market. Meanwhile, data from CoinMarketCap shows Ethereum trades at $2,237 following a 6.64% decline in the last day. 

XRP is holding above a key support level despite significant selling pressure and fear in the crypto market. After experiencing a 20% retrace since August 24, the price remains stable above the $0.50 mark, sparking hope among investors and analysts. This crucial support level has become a focal point, as it could indicate resilience in an otherwise bearish market. 

The stability has fueled optimism, with some analysts now targeting higher price levels for XRP in this market cycle, assuming the support continues to hold. As the broader market experiences uncertainty, Ripple’s performance at this level could determine its next major move. Investors and traders are closely watching price action to assess whether a recovery is on the horizon or further downside awaits.

XRP Next Move Could Shock The Market

XRP has been one of the most controversial cryptocurrencies in the market, not just because of the ongoing SEC lawsuit or its unpredictable price action over the past few years, but also due to the highly optimistic predictions from certain investors and traders who argue that it remains undervalued. 

One of these figures is Amonyx, a well-known analyst who recently shared a detailed technical analysis on X, forecasting a price target of $50 to $57 for this market cycle. His analysis includes a chart displaying two exponential bands, which project potential lower and upper price levels in the long term.

Amonyx’s prediction is just one of many that reflect a bullish outlook. Despite the regulatory uncertainties and current market conditions, these forecasts suggest that some traders and investors view Ripple as a promising asset poised for significant growth. According to these analyses, the current consolidation phase and support levels may offer an opportunity for market participants to position themselves ahead of an anticipated breakout.

With the crypto market still experiencing volatility and uncertainty, such optimistic predictions highlight the potential for XRP to deliver substantial returns. Whether or not these predictions materialize, Ripple remains a focal point for those looking for outsized gains in the crypto space.

XRP Technical Details 

XRP is currently trading at $0.5225, having dropped from local highs. The cryptocurrency is struggling below the daily 200 moving average (MA) at $0.55, a key support level that was lost on Thursday. 

Despite this, the price is still holding above the critical $0.50 level, offering some hope for bulls. To regain momentum, the price needs to reclaim the daily 200 MA and break through the local high of $0.65. Achieving this would signal a potential bullish shift, paving the way for further gains.

On the flip side, if XRP loses the $0.50 support, the next level to watch is $0.48. Falling below this threshold could lead to a deeper correction, extending the bearish sentiment. Bulls need to keep the price above $0.50 to maintain any chance of recovery, while bears will be eyeing these critical levels for further downside potential.

Featured image from Dall-E, chart from TradingView

Политик, лидер движения «Гражданская солидарность» Георгий Фёдоров и политический обозреватель ИА «АВРОРА» Фёдор Бирюков подводят основные итоги недели и отвечают на вопросы подписчиков #РадиоАВРОРА...

Injective Protocol (INJ) whales are diversifying their portfolios and taking advantage of new opportunities. One such whale has made a strategic move by adding Mpeppe (MPEPE), an innovative A.I-powered casino project, to their holdings. This shift highlights the growing interest in the integration of artificial intelligence (A.I.) and blockchain technology in the gaming and decentralized finance (DeFi) sectors. Let’s explore why this move has caught the attention of the crypto community and why Mpeppe (MPEPE) is emerging as a project to watch.

Injective Protocol Whale’s Strategic Move into Mpeppe (MPEPE)

The decision by an Injective Protocol (INJ) whale to invest in Mpeppe (MPEPE) reflects a broader trend among high-net-worth investors seeking to diversify their holdings and tap into new markets. Mpeppe (MPEPE)’s focus on combining A.I. with blockchain technology to revolutionize the online gambling space is a major factor driving interest.

Injective Protocol (INJ) itself is known for its decentralized financial applications, making the whale’s move into a DeFi-integrated casino platform like Mpeppe (MPEPE) a logical extension of their investment strategy. This shift demonstrates confidence in the potential of Mpeppe (MPEPE)’s A.I.-driven casino ecosystem, which aims to offer a transparent, secure, and decentralized gambling experience.

What Makes Mpeppe (MPEPE) Stand Out?

Mpeppe (MPEPE) has gained traction in the crypto world due to its unique blend of meme culture, DeFi utility, and A.I.-driven gambling features. Here are the key elements that set Mpeppe (MPEPE) apart:

A.I. Integration for Smart Gambling

Mpeppe (MPEPE) leverages artificial intelligence to enhance the gambling experience for users. A.I. algorithms are used to analyze data, optimize gameplay, and ensure fair and transparent results. This innovation provides an edge over traditional online casinos, where trust issues can arise regarding fairness and payouts.

By utilizing A.I. technology, Mpeppe (MPEPE) offers players a more engaging and strategic gaming experience, which is expected to attract a broader user base, including serious gamblers and casual players alike.

Decentralized Finance Features

Unlike many memecoins that rely solely on market hype, Mpeppe (MPEPE) integrates DeFi protocols such as yield farming, staking, and liquidity mining. These features allow users to earn rewards while participating in the platform, making Mpeppe (MPEPE) more than just a speculative asset.

The ability to stake Mpeppe (MPEPE) tokens and participate in decentralized governance gives investors a sense of ownership and involvement in the project’s future direction. This added utility is a significant draw for investors looking for both entertainment and financial opportunities.

Viral Meme Culture Meets Serious Utility

Mpeppe (MPEPE) successfully combines the viral appeal of memecoins with real-world applications in the gambling and DeFi sectors. Inspired by the rise of meme cryptocurrencies like Pepecoin, Mpeppe (MPEPE) taps into internet culture while offering a platform that caters to the growing demand for decentralized gambling.

Conclusion: A.I. Meets DeFi in Mpeppe (MPEPE)’s Casino Platform

An Injective Protocol (INJ) whale has invested in Mpeppe (MPEPE), a unique AI-powered, DeFi-integrated project in the cryptocurrency space. Mpeppe (MPEPE)’s meme-driven appeal and real-world utility in decentralized gambling make it a potential player in blockchain and DeFi sectors. With influential whales’ backing, Mpeppe (MPEPE) is a token worth monitoring as the market evolves.

For more information on the Mpeppe (MPEPE) Presale: 

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Toncoin (TON) has recently seen a significant surge in price, increasing by 7% following a statement from Telegram CEO Pavel Durov. Durov’s public response to his recent arrest in France has triggered a renewed interest in Toncoin (TON), leading to positive on-chain metrics and growing bullish sentiment. However, despite this momentum, the altcoin market remains volatile, and some Toncoin (TON) investors are exploring new opportunities for high returns. One such opportunity is Mpeppe (MPEPPE), a casino-themed meme coin that has captured attention with its innovative approach and high growth potential.

Toncoin (TON)’s (TON) Surge: A Response to Pavel Durov’s Statement

Toncoin (TON)’s price surged to $5.13 after Durov’s comments about his arrest and the future of Telegram. Durov criticized the French authorities’ approach, explaining that holding CEOs accountable for third-party activities on their platforms could deter innovation. This statement resonated with the Toncoin (TON) community, and positive sentiment quickly spread across social media and trading platforms.

The price increase was supported by positive daily active address (DAA) divergence, indicating that the demand for Toncoin (TON) is robust enough to sustain this rally. In addition to this, Toncoin (TON)’s derivatives market saw a notable uptick, with trading volume rising by 8% to $630 million, and open interest growing by 8.17%. These metrics suggest that traders are confident in Toncoin (TON)’s continued upward trajectory.

Mpeppe (MPEPE): A New Casino Meme Coin Attracting Toncoin (TON) Investors

While Toncoin (TON) has been performing well, some investors are shifting their focus to new opportunities in the crypto space. Mpeppe (MPEPE), a new meme coin centered around online gambling, is gaining traction as its presale moves closer to completion. With a low entry price and the promise of high returns, Mpeppe (MPEPPE) has become a compelling option for Toncoin (TON) holders looking to diversify their portfolios.

Mpeppe (MPEPPE) offers a unique value proposition in the form of a decentralized casino platform, where users can participate in various games. The project’s focus on fairness, transparency, and user engagement has attracted a growing community of supporters, many of whom are looking to capitalize on the token’s potential for explosive growth. Some analysts predict that Mpeppe (MPEPPE) could experience gains of over 1,000% post-launch, making it one of the most anticipated meme coins of 2024.

Toncoin (TON) Price Prediction and Outlook

Despite the recent surge in Toncoin (TON)’s price, it still faces challenges as it trades below both its 50-day and 200-day Simple Moving Averages (SMAs). However, market indicators like the Relative Strength Index (RSI) and the Moving Average Convergence/Divergence (MACD) suggest that the bullish momentum is picking up. The RSI is rebounding from below the neutral zone, and the MACD line is poised for a bullish crossover, indicating that Toncoin (TON) could be on the verge of another upward move.

The Appeal of Mpeppe (MPEPE) for Toncoin (TON) Investors

As Toncoin (TON) continues its rally, many investors are also considering new opportunities like Mpeppe (MPEPPE). The meme coin’s focus on the online gambling market, combined with its presale momentum, makes it an attractive option for those looking to diversify their crypto holdings. With Mpeppe (MPEPPE)’s unique use case and potential for significant returns, it offers an exciting alternative for Toncoin (TON) holders who are seeking high-growth opportunities in a new sector.

Conclusion: Toncoin (TON) and Mpeppe (MPEPE) on the Rise

Toncoin (TON)’s recent surge has put it back in the spotlight, with bullish sentiment driving its price upward. Pavel Durov’s statement has renewed confidence in Toncoin (TON), and market indicators suggest that the token could continue its upward trajectory in the coming weeks. However, with the volatility of the altcoin market, some investors are turning their attention to Mpeppe (MPEPPE), a new meme coin with the potential for massive gains.

For more information on the Mpeppe (MPEPPE) Presale: 

Visit Mpeppe (MPEPPE)

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https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

 

In recent months, Internet Computer (ICP) has had a turbulent journey in the crypto market, with analysts offering mixed predictions for its performance in the coming months of September, October, November, and December. As traders and investors speculate on the future of ICP, many are also noticing the rise of another coin making waves in the market: Mpeppe (MPEPE). While ICP’s trajectory remains uncertain, Mpeppe is steadily gaining dominance in the meme coin space, providing an alternative investment opportunity with the potential for significant returns.

Mpeppe (MPEPE) Dominance: The Meme Coin of the Moment

While Internet Computer (ICP) is experiencing a tumultuous ride, Mpeppe (MPEPE) is gaining dominance and attention in the crypto space. Mpeppe has differentiated itself from other meme coins through its innovative features and community-driven support, positioning it as a strong contender in the meme coin market.

Mpeppe (MPEPE) presale has been nothing short of impressive, with $1.8 million raised and over 66% of tokens already sold. The coin’s price has surged 150% during its presale stages, making it a hot topic among traders and investors looking for the next big opportunity. Unlike many meme coins that rely solely on hype, Mpeppe offers an actual utility through its casino-based platform, combining the fun of meme coins with real-world applications in the gaming and betting industry.

As Internet Computer (ICP) traders grapple with market uncertainty, many are looking to diversify their portfolios by investing in Mpeppe (MPEPE). The combination of Mpeppe’s deflationary tokenomics and its growing ecosystem has made it a standout in a crowded market. With its current price sitting at $0.0021, analysts predict further growth as the coin prepares for future listings on tier-1 exchanges.

Internet Computer (ICP) Price Prediction for September to December

September: As we enter September, ICP’s price hovers around $7.50, a sharp decline from its all-time high of $700.65. The volatility surrounding ICP has been relentless, with daily fluctuations showing signs of both hope and caution. Analysts predict that ICP may struggle to break past its current resistance levels. If it fails to gain momentum in September, it could dip further to around $6.80 as market sentiment remains weak. However, a breakthrough in the broader crypto market could provide ICP with the push it needs to start climbing back toward $10.

October: Historically, October—often referred to as “Uptober” by crypto enthusiasts—has been a month of rallies and recoveries. For ICP, this could be an opportunity to regain some of its lost value. With potential improvements in the overall market, Internet Computer (ICP) could target a price range of $8 to $9. However, this will depend on external factors such as market trends and investor sentiment. The token’s performance will be closely tied to Bitcoin’s activity, as any major BTC rally could positively impact altcoins like ICP.

November: Moving into November, Internet Computer (ICP) could face a critical test. If it manages to sustain its October gains, we could see prices inching towards $10. However, if the market turns bearish again, ICP may struggle to maintain momentum. Historically, the final quarter of the year can be unpredictable, and November could either be a month of consolidation or further downward pressure. Analysts predict a price range of $7.50 to $10 for ICP during this period, with a strong emphasis on market volatility.

December: The end of the year is often a decisive period for the crypto market. In December, Internet Computer (ICP) could either close the year on a high note or continue its downward trajectory. If the broader market experiences a Christmas rally, ICP could climb toward $12, but if bearish sentiment persists, it could drop back to around $6. Investors will need to stay alert for any major developments or partnerships that could affect ICP’s long-term value.

The Shift from ICP to Mpeppe

Investors who once heavily backed ICP are now shifting their focus to Mpeppe (MPEPE), attracted by its rapid growth and potential for significant returns. The meme coin culture has proven to be resilient, and Mpeppe is capitalizing on this trend by offering a blend of entertainment and financial opportunity.

While ICP continues to work through its market challenges, Mpeppe has managed to create excitement in a tough market environment. With the potential for explosive growth and its unique casino features, Mpeppe is quickly becoming a dominant player in the meme coin space, offering investors a fresh opportunity to ride the wave of success.

Conclusion

As we look ahead to the final months of 2024, ICP faces an uphill battle to regain its previous highs. The next few months could bring further market volatility and uncertainty. In contrast, Mpeppe is emerging as a dominant force in the meme coin sector, attracting traders and investors looking for an alternative investment with high growth potential. With its casino-based ecosystem and deflationary model, Mpeppe (MPEPE) is poised to make a significant impact in the crypto world. Investors keeping a close eye on both ICP and Mpeppe will need to stay informed as the market dynamics continue to shift in the months ahead.

For more information on the Mpeppe (MPEPPE) Presale: 

Visit Mpeppe (MPEPPE)

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https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

Internet Computer (ICP) traders have faced a tough market, suffering an additional 8.38% dip in recent trading sessions. With the token’s price dropping further, many are exploring alternative investment strategies to hedge against losses. Among these strategies is a growing interest in the casino-themed meme coin, Mpeppe (MPEPE), which has captured attention with its promise of rapid gains and community-driven support.

Internet Computer’s Struggles

Internet Computer (ICP) has had a turbulent time in the cryptocurrency market, with its value continuing to face downward pressure. In the past week alone, ICP saw its price drop by 6%, and though it experienced a modest 3.54% recovery to $7.50, the token remains far from its previous highs. ICP’s all-time high once stood at an impressive $700.65, making its current price a significant disappointment for long-term holders.

Market volatility has been a defining feature for ICP. With fluctuations increasing as shown by widening Bollinger Bands, Internet Computer (ICP) traders are bracing for further instability. The token has shown some resilience with a 126% increase year-to-date, but over the last 30 days, trading volumes have decreased by 27%, and the circulating supply has grown by 0.3%. This sluggish performance has left many Internet Computer (ICP) investors searching for new opportunities to recover their losses.

Mpeppe: The Meme Coin with a Casino Twist

As Internet Computer (ICP) continues to flounder, a growing number of traders are shifting their focus to Mpeppe (MPEPE), a casino-themed meme coin that has captured the imagination of the crypto community. Mpeppe offers a unique value proposition compared to typical meme coins like PEPE or Shiba Inu, as it combines the fun and volatility of the meme coin market with real-world utility in the form of an online casino platform.

Mpeppe (MPEPE)’s presale has already raised $1.8 million, with its price sitting at an attractive $0.0021. Investors are drawn to the potential for quick gains, particularly as Mpeppe has already rallied 150% during its presale stages. The token’s deflationary model and its integration into the online gaming and casino world are key factors driving this excitement. Mpeppe offers casino games, sports betting, and other gambling-related features, all powered by blockchain technology, providing a real use case that sets it apart from many of its competitors.

Why ICP Traders Are Hedging with Mpeppe

For Internet Computer (ICP) traders, Mpeppe (MPEPE) represents a hedge against further losses. The meme coin market is known for its explosive growth potential, and Mpeppe’s combination of community-driven momentum and its unique casino ecosystem gives it an edge in a crowded market. Many investors who have taken hits from ICP’s declining price see Mpeppe as a chance to regain some of their lost capital.

While ICP remains a significant project with long-term potential, its short-term outlook is less clear. The market is becoming more volatile, and traders are increasingly looking to diversify their portfolios. Mpeppe’s low price and high potential make it an attractive option for those looking to make up for losses suffered in other investments like ICP.

The Future Outlook for Internet Computer (ICP) and Mpeppe

The future of Internet Computer (ICP) remains uncertain. While it has shown some signs of recovery, the token still faces significant challenges. The volatility in the market and its declining trading volumes suggest that ICP may struggle to regain its former glory in the near term. Traders who hold significant ICP positions are understandably cautious and are looking for ways to protect their portfolios.

On the other hand, Mpeppe (MPEPE) offers a fresh opportunity. Its presale success and innovative approach to combining meme coin culture with the booming online casino industry have made it a standout in the crypto space. As more investors, including ICP traders, join the Mpeppe movement, the token’s potential for exponential growth becomes even more apparent.

In conclusion, while Internet Computer (ICP) continues to experience significant losses, Mpeppe (MPEPE) offers a promising alternative for traders looking to hedge against further downturns. With its innovative casino platform, community support, and rapid presale growth, Mpeppe is quickly becoming a top choice for those seeking new opportunities in the ever-evolving crypto landscape. As the battle between traditional altcoins like ICP and innovative meme coins like Mpeppe intensifies, the next few months could be pivotal for both projects.

For more information on the Mpeppe (MPEPPE) Presale: 

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In the world of meme coins, a fierce battle is brewing between two giants—Pepe Coin (PEPE) and the new contender Mpeppe (MPEPE). While PEPE has seen substantial volatility recently, a new wave of excitement is gathering around Mpeppe, leading top analysts to predict that this casino-themed meme coin could soon hit the moon.

Pepe’s Rollercoaster Ride

Pepe Coin (PEPE) has been a major player in the meme coin space, but as September kicks off, the token has struggled to find its footing. Currently priced at $0.0000075, Pepe Coin (PEPE) has dropped by 9.6% in the past week. Despite occasional bursts of momentum, the token remains stuck in bearish territory. After a short-lived surge at the end of August that saw PEPE rise by 19% to hit $0.0000093, it quickly reverted back to its lower levels.

The volatility surrounding Pepe Coin (PEPE) is causing concern among some investors, yet others remain bullish. In the past 24 hours alone, a whale made a bold move by purchasing $2.17 million worth of PEPE, suggesting that there is still faith in the meme coin’s potential for a comeback.

However, the landscape for meme coins is shifting. The market is starting to look at new contenders, and with the unpredictable nature of PEPE’s price movements, investors are increasingly diversifying their portfolios by adding new coins like Mpeppe (MPEPE) to their holdings.

Mpeppe Takes the Lead

While Pepe Coin is navigating through a storm of volatility, Mpeppe (MPEPE) is emerging as a beacon of stability and opportunity. Unlike Pepe Coin (PEPE), Mpeppe is not just another meme coin—it’s building an entire casino ecosystem that offers real value to its users. With a robust platform and growing community support, Mpeppe has gained significant traction, and it’s now leading the charge in the meme coin market.

Currently priced at $0.0021, Mpeppe (MPEPE) has already experienced a staggering 150% rally in its presale stages, raising $1.8 million. This rise has sparked immense interest from investors who see Mpeppe as more than just a meme coin. The token is leveraging the highly profitable casino and gaming sector, creating a bridge between decentralized finance (DeFi) and online gaming.

The platform offers a variety of casino games, including slots, poker, and sports betting, all integrated with blockchain technology. This gives Mpeppe a unique advantage over traditional meme coins like Pepe Coin (PEPE), which primarily rely on speculative value rather than real-world utility.

Why Analysts Are Bullish on Mpeppe

Mpeppe (MPEPE) rapid growth and the unique value proposition of its casino ecosystem have led many analysts to forecast a bright future for the token. Some top analysts believe that Mpeppe is positioned for a massive breakout, with the potential for an exponential rise in value as it continues to hit new milestones.

The coin’s success is being driven by its utility in the online casino world, combined with its deflationary mechanics. A portion of the casino’s profits is used to buy back and burn Mpeppe tokens, reducing the supply and creating scarcity. This scarcity, coupled with increasing demand as more users join the platform, could lead to significant price appreciation in the coming months.

In contrast to Pepe Coin (PEPE) uncertain future, Mpeppe’s clear roadmap and growing user base give it a stronger foundation to build on. As more and more investors, including whales, start to recognize the token’s potential, Mpeppe is poised to take center stage in the meme coin space.

The Verdict: Will Mpeppe Eclipse Pepe Coin?

The battle between Pepecoin (PEPE) and Mpeppe (MPEPE) is far from over, but it’s becoming increasingly clear that Mpeppe is pulling ahead. With PEPE struggling to break free from its bearish trend and Mpeppe making huge strides in its presale, many investors are making the switch. The casino-driven ecosystem behind Mpeppe offers far more than speculative gains—it provides real utility, which is a crucial factor in its rising popularity.

For meme coin enthusiasts, Mpeppe represents a new opportunity to be part of something that goes beyond the typical hype-driven price surges that dominate the meme coin market. As Mpeppe continues to grow and develop, it could very well lead the meme coin pack in 2024 and beyond.

In conclusion, while Pepe Coin (PEPE) has had its moments of glory, it appears that the tide is turning in favor of Mpeppe (MPEPE). With analysts predicting a “moon soon” for Mpeppe, the next few months could see the casino-themed meme coin rise to new heights, leaving PEPE in its wake.

For more information on the Mpeppe (MPEPPE) Presale: 

Visit Mpeppe (MPEPPE)

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https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ