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XRP Holds Strong As Top Analyst Predicts $50 This Cycle

bitcoinist.com - Sat, 09/07/2024 - 21:00

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

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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 Whale Adds New A.I Casino Project Mpeppe (MPEPE) To Cryptocurrency Holdings

bitcoinist.com - Sat, 09/07/2024 - 19:53

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: 

Visit Mpeppe (MPEPE)

Join and become a community member: 

https://t.me/mpeppecoin

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

 

TON Drops 18% As Toncoin (TON) Investors Enter New Mpeppe Casino Presale For Gains

bitcoinist.com - Sat, 09/07/2024 - 19:48

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)

Join and become a community member: 

https://t.me/mpeppecoin

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

 

Internet Computer (ICP) Price Prediction: September October November December, Mpeppe Dominance In The Market

bitcoinist.com - Sat, 09/07/2024 - 19:43

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)

Join and become a community member: 

https://t.me/mpeppecoin

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

Internet Computer (ICP) Traders Take Losses and Hedge With This Meme Gem After Suffering A Further 8.38% Dip

bitcoinist.com - Sat, 09/07/2024 - 19:38

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: 

Visit Mpeppe (MPEPPE)

Join and become a community member: 

https://t.me/mpeppecoin

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

 

Battle Of The Pepe’s: Mpeppe Takes The Leads, Top Analyst Predicts ‘Moon Soon’

bitcoinist.com - Sat, 09/07/2024 - 19:28

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)

Join and become a community member: 

https://t.me/mpeppecoin

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

 

Bitcoin Network Activity Has Stalled While It Has Fallen On Ethereum: Citi Report

bitcoinist.com - Sat, 09/07/2024 - 19:00

Network activity on the Bitcoin (BTC) blockchain seems to have stalled while it is dwindling on Ethereum (ETH), a report by Citi says.

Network Activity Lukewarm On Bitcoin And Ethereum

One of the key metrics used to ascertain user interest in a blockchain project is the measurement of its network activity. High network activity – unless propped up by trading bots – typically signals more users are transacting on the underlying blockchain network, enabling block miners to earn more rewards for confirming transactions. However, the vice-versa doesn’t paint as encouraging a picture.

According to a report by Citi, the activity of the Bitcoin network seems to have stalled. Data from blockchain.com confirms Citi’s assessment. From the chart presented below, we can see that the number of confirmed transactions per day on the Bitcoin network seems to be oscillating in a range since April 2024. 

At the same time, BTC prices have steadily been trending downwards, making lower highs after each rebound from range lows of around $56,000.

Pivoting to Ethereum data, we see a similar trend. The Ethereum daily transactions chart shows a slight decline in daily transactions, from approximately 1.37 million on March 19, to 1.12 million on September 5.

Network activity on any blockchain is largely dependent on the number of users or unique wallet addresses used on the concerned network. Looking at unique addresses used on the Bitcoin network, we see that it is down to 539,154 addresses on September 4, 2024, from 1,017,545 addresses on September 14, 2023. Interestingly, the number of unique addresses on Ethereum has remained steady.

However, it’s worth highlighting that sometimes, many users may have more than one wallet address, which might slightly reduce the reliability of this data point.

Adding, the report says that Bitcoin and Ethereum exchange-traded funds (ETFs) have witnessed net outflows, indicating weak conviction among investors to hold digital currencies during economic uncertainties. Specifically, Bitcoin ETFs experienced outflows to $305 million on August 31, 2024.

Crypto Market To Remain Highly Correlated With Stock Market

The report by Citi notes that the digital assets market is expected to remain highly correlated with equities. In contrast, however, a recent post by Santiment on X stated that Bitcoin is becoming less sensitive to trends in the stock market and, over time, could finally decouple from it. 

That being said, Bitcoin permabulls like Michael Saylor, CEO of MicroStrategy, continue to place their bets on the leading digital currency. Recently, it came to light that Saylor had pocketed approximately $400 million on the back of planned daily sales of about 5,000 MicroStrategy shares.

At press time, Bitcoin trades $54,097, down by 3.3% in the last 24 hours. Ethereum is trading at $2,292, down by 3.2% in the same duration.

XRP Hits New Low After $330M Liquidated By Holders, Community Finds Comfort in New Meme Defying Bearish Sentiment

bitcoinist.com - Sat, 09/07/2024 - 18:46

The rollercoaster ride for Ripple’s XRP continues as the token hits a new low, following a massive $330 million liquidation by its holders. This major sell-off has sent shockwaves through the community, causing a sharp drop in XRP’s value as it teeters on a critical support level. However, amidst the bearish sentiment and panic selling, a new meme coin, Mpeppe (MPEPE), is emerging as a surprising beacon of hope for investors seeking to offset their losses.

Ripple’s Turmoil and the $330 Million Sell-Off

Ripple’s ongoing legal struggles with the U.S. Securities and Exchange Commission (SEC) have taken a toll on the cryptocurrency’s performance in 2024. Despite recent progress in the case, uncertainty still lingers, causing large holders to liquidate their XRP positions. This has led to a cascading effect on the market, with the token hitting new lows and facing significant resistance at key price points, except this new meme casino coin Mpeppe after rallying 150%. The $330 million liquidation represents a significant portion of XRP’s trading volume, and it’s a clear sign that some investors are losing faith in Ripple’s ability to recover in the short term.

XRP has been flirting with the 50-cent support level, and if it breaks below, analysts fear it could plunge further. As the bears tighten their grip on XRP, many holders are feeling uneasy, unsure if the worst is yet to come.

Mpeppe: A Meme Casino Coin Defying the Bear Market

While XRP struggles to regain its footing, the meme coin market is witnessing an exciting new contender—Mpeppe (MPEPE). Defying the overall bearish sentiment that has gripped much of the crypto space, Mpeppe is proving to be a bright spot for investors. Currently in Stage 4 of its presale, Mpeppe (MPEPE) has already raised nearly $2 million, with 66% of the tokens sold. Its presale success is a testament to the strong community support it has garnered, as well as its appeal as a meme coin that promises high returns.

Unlike XRP, which is weighed down by regulatory challenges, Mpeppe has been able to ride the wave of meme coin hype, similar to Dogecoin and Shiba Inu. Meme coins have historically performed well during market downturns, offering investors an opportunity for short-term gains even in the face of broader market declines. As more XRP holders liquidate their positions, many are redirecting their funds into Mpeppe (MPEPE), which they see as a potential 100x opportunity in the coming months.

Why Mpeppe Is Attracting Gobal Attention

Mpeppe’s rapid presale progress is one of the key reasons it has been able to capture the attention of the crypto community. With each presale stage, the token price increases, providing early investors with the potential for significant returns once it officially launches. The meme coin has managed to tap into the viral nature of internet culture, leveraging its meme status to create a dedicated and engaged community.

Another reason Mpeppe is attracting attention is its accessibility. Unlike more complex blockchain projects like XRP, which require a deep understanding of technology and regulatory landscapes, Mpeppe appeals to a broader audience of casual investors. Its simplicity and meme-driven marketing make it an attractive alternative for those looking for high-risk, high-reward opportunities.

Shift from XRP to Meme Sensation Mpeppe

The transition of funds from established cryptocurrencies like XRP to newer meme coins like Mpeppe (MPEPE) reflects a broader trend in the market. Investors, particularly retail traders, are increasingly seeking out opportunities with higher upside potential, even if they come with greater risk. Meme coins, with their ability to capture the imagination of the internet and generate viral hype, offer the possibility of quick gains, which is especially appealing in times of market uncertainty.

For XRP holders, the decision to liquidate and invest in Mpeppe (MPEPE) represents a shift in strategy. Instead of waiting for Ripple’s legal issues to resolve and for XRP to regain its former highs, many are opting for a more speculative play that could deliver outsized returns in a shorter time frame. With Mpeppe’s presale rapidly progressing and its community growing, it’s not surprising that XRP holders are finding comfort in this meme coin.

Mpeppe Emerges as a New Favorite Meme Coin

As XRP continues to struggle, weighed down by legal battles and a massive liquidation event, Mpeppe (MPEPE) is emerging as a favorite among investors looking to capitalize on meme coin hype. With its presale in full swing and strong community support, Mpeppe offers a promising alternative for those looking to escape the bearish sentiment surrounding XRP. Whether Mpeppe can sustain its momentum and deliver on its potential remains to be seen, but for now, it’s providing much-needed hope to a market in turmoil.

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Ripple’s SEC Appeal Making Holders Uneasy, Here’s Why Sharks are Splitting XRP Bag

bitcoinist.com - Sat, 09/07/2024 - 18:43

Ripple (XRP), a heavyweight in the crypto industry, continues to face uncertainty as it navigates the murky waters of its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The recent news about Ripple’s appeal regarding the SEC’s decision has left XRP holders anxious, with some beginning to split their XRP holdings to diversify and seek safer opportunities. One of the emerging alternatives that has caught the attention of investors is Mpeppe (MPEPE), a meme coin that has been experiencing significant momentum during its presale. As Ripple’s legal troubles mount, investors are exploring other opportunities, and Mpeppe (MPEPE) is quickly becoming a popular choice for those looking to hedge their portfolios.

Ripple and SEC: A Saga of Uncertainty

Ripple’s long-standing dispute with the SEC seemed to be reaching a resolution when the company agreed to pay a $125 million fine. However, just as Ripple (XRP) holders began to breathe a sigh of relief, a new twist emerged. Ripple filed a letter to the New York District Judge overseeing the case, requesting amendments to the initial agreement. This unexpected development has cast doubt over whether the legal battle is truly nearing its end, with some analysts suggesting that a prolonged appeal process could be on the horizon. 

The SEC’s decision to potentially delay the fine further complicates Ripple’s (XRP) trajectory. The uncertainty surrounding the case has created a volatile environment for XRP, with the token struggling to break through key resistance levels. Currently, XRP is trading near $0.555, having faced resistance at $0.5. Midterm predictions suggest XRP could return to its yearly lows of around $0.38 if the situation doesn’t improve, leaving Mpeppe (MPEPE) as one of a few crypto’s to sustain the market bearish momentum.

Ripple’s (XRP): The Appeal Process

The potential appeal by Ripple regarding its settlement with the SEC has left XRP holders in a precarious position. Although the company continues to develop new products—such as its planned stablecoin RLUSD, set to launch within weeks—the ongoing legal drama has led to growing unease among investors. Ripple’s CEO Brad Garlinghouse remains optimistic, but many XRP investors are questioning whether the token can regain its previous highs amidst this turbulent environment.

As Ripple (XRP) holders weigh their options, some have begun diversifying their portfolios to protect against potential losses. This is where Mpeppe (MPEPE) comes into play. Mpeppe (MPEPE), a meme coin that has garnered significant attention during its presale, is emerging as a promising alternative for investors seeking higher returns with less regulatory scrutiny.

Mpeppe (MPEPE): Crypto’s Shooting Star Amidst Ripple’s (XRP) Struggles

While Ripple (XRP) continues to grapple with the SEC, Mpeppe (MPEPE) has been capturing the attention of crypto sharks and retail investors alike. With a unique community-driven approach and strong presale performance, Mpeppe (MPEPE) offers an exciting opportunity for those looking to diversify their holdings away from regulatory-risky assets like XRP.

Mpeppe (MPEPE) is currently in Stage 4 of its presale, with over 66% of tokens already sold. The presale has raised close to $2 million, signaling strong demand and enthusiasm for this emerging meme coin. Unlike XRP, which is tied up in legal disputes, Mpeppe (MPEPE) has a clear path forward, free from regulatory entanglements. This has made it a popular choice for investors looking for growth potential in the volatile world of cryptocurrencies.

XRP Investors Splitting Their Bags

As Ripple (XRP) struggles to maintain its price levels, many investors are choosing to split their holdings and explore new opportunities. Mpeppe (MPEPE), with its impressive presale performance and strong community backing, has become one of the most attractive alternatives. Investors are drawn to its potential for significant price growth, particularly in the meme coin space, which has produced impressive returns in the past.

Moreover, Mpeppe (MPEPE) offers a much-needed sense of optimism in a market where regulatory risks are becoming a major concern. As XRP holders seek safer and more lucrative opportunities, Mpeppe (MPEPE) is quickly emerging as a top contender.

A Changing Tide for Ripple (XRP) and Mpeppe (MPEPE)

The ongoing legal battle between Ripple and the SEC has cast a shadow over XRP’s future, leaving many investors uncertain about the token’s prospects. With an appeal potentially on the horizon and Ripple’s (XRP) price struggling to break through key resistance levels, it’s no surprise that sharks and retail investors are looking for alternatives.

Mpeppe (MPEPE), with its strong presale performance and community-driven approach, offers an exciting opportunity for investors seeking to diversify their portfolios. As Ripple (XRP) holders split their bags, Mpeppe (MPEPE) stands out as a promising option in the ever-evolving crypto landscape. With nearly $2 million raised in its presale and more than 66% of tokens sold, Mpeppe (MPEPE) could be the next big meme coin to watch.

 

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BNB, BSC Memecoins & Mpeppe (MPEPE): Discovering New 100X Crypto Gems On BNB & Ethereum

bitcoinist.com - Sat, 09/07/2024 - 18:37

The world of cryptocurrencies is constantly evolving, and memecoins have emerged as one of the most exciting and unpredictable sectors. While Binance Coin (BNB) and Binance Smart Chain (BSC) have long been hubs for innovative crypto projects, Ethereum has also seen the rise of memecoins that combine internet culture with blockchain technology. Mpeppe (MPEPE) is one such project making waves, offering a unique opportunity for investors to discover the next 100X crypto gem.

In this article, we’ll dive into the phenomenon of memecoins on Binance Coin (BNB) and Ethereum, and why Mpeppe (MPEPE) is quickly becoming one of the most talked-about tokens in the space.

Memecoins: A Cultural and Financial Revolution

Cryptocurrency meme culture has taken the digital asset world by storm, integrating humor, irony, and internet memes into the core identity of many projects. One of the earliest examples of this trend was PepeCoin, inspired by the internet meme character Pepe the Frog. The success of PepeCoin set the stage for other meme-based cryptocurrencies to gain traction by leveraging humor and community engagement.

Projects like Mpeppe (MPEPE) have built on this foundation, adding real-world utility to the mix while maintaining the fun, lighthearted appeal that memecoins are known for. Memecoins are more than just a joke—they are a powerful force in the crypto world, capable of creating tight-knit communities and delivering exponential financial gains.

BNB Chain: The Home of High-Potential Memecoins

Binance Smart Chain (BSC) has become a go-to platform for developers looking to create memecoins with fast transactions and low fees. Binance Coin (BNB), the native token of the BSC ecosystem, plays a central role in powering these projects. Binance Coin (BNB) is used for everything from transaction fees to participating in DeFi platforms, making it an essential part of the Binance Coin (BNB) ecosystem.

For investors on the lookout for new memecoins, BSC has become a treasure trove of opportunities. Projects like DogeCoin, Shiba Inu, and now Mpeppe (MPEPE) have all capitalized on the popularity of memecoins to attract large communities of dedicated followers.

Mpeppe (MPEPE): Standout Features

Mpeppe (MPEPE) is more than just another memecoin—it’s a project that combines the best of both worlds: meme culture and decentralized finance (DeFi). Inspired by the viral success of Pepecoin and the global reach of soccer star Kylian Mbappé, Mpeppe (MPEPE) has quickly gained attention for its unique positioning in the crypto market.

One of Mpeppe (MPEPE)’s standout features is its integration with decentralized gaming and casino platforms. Unlike other memecoins that rely solely on hype, Mpeppe (MPEPE) offers users real utility through sports betting, casino games, and DeFi staking opportunities. This blend of entertainment and financial rewards has attracted a growing community of investors who see Mpeppe (MPEPE) as a long-term contender in the memecoin space.

Conclusion: Finding the Next 100X Crypto Gem on BNB and Ethereum

Mpeppe (MPEPE) is a popular project in the cryptocurrency market, combining decentralized gaming, meme culture, and DeFi. It’s gaining popularity among Binance Coin (BNB) and Ethereum investors. Early investors in Mpeppe (MPEPE) may experience exponential gains, making it a valuable investment for those looking for new opportunities or exploring Ethereum’s next big thing.

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Binance BNB Faces New Competitors Mpeppe (MPEPE) and DTX Exchange As Investors Pick Winning Side

bitcoinist.com - Sat, 09/07/2024 - 18:34

New competitors are emerging to challenge the dominance of established players like Binance Coin (BNB). Among the rising stars are Mpeppe (MPEPE), a revolutionary memecoin with a focus on decentralized gaming, and DTX Exchange, a promising new trading platform offering unique features and opportunities for investors. With these new players entering the scene, Binance Coin (BNB) holders are now faced with a decision—stick with the well-established Binance Coin (BNB) ecosystem or explore the potential of these high-growth newcomers. Let’s dive into the competitive landscape and examine why Mpeppe (MPEPE) and DTX Exchange are attracting attention from investors.

Binance Coin (BNB): A Strong Contender, But Facing Stiff Competition

Binance Coin (BNB) has been a powerhouse in the crypto space for years, benefiting from its close integration with the Binance Coin (BNB) ecosystem. Binance Coin (BNB)’s use cases range from reducing transaction fees on the exchange to participating in DeFi projects, staking, and even purchasing NFTs. With Binance being one of the largest cryptocurrency exchanges in the world, Binance Coin (BNB) has enjoyed a strong position in the market. 

However, with the rise of alternative projects like Mpeppe (MPEPE) and DTX Exchange, some investors are reconsidering their portfolio allocations, looking for new opportunities with the potential for even higher returns. As competition intensifies, BNB will need to innovate and expand its offerings to maintain its market position.

Mpeppe (MPEPE): The Memecoin with Casino and Gaming Utility

Mpeppe (MPEPE) is quickly making waves as a standout competitor in the memecoin space. Unlike other memecoins that rely solely on viral marketing and hype, Mpeppe (MPEPE) offers real-world utility by integrating decentralized finance (DeFi) features with a robust gaming and sports betting ecosystem. Inspired by Pepecoin and the energy of soccer fandom, Mpeppe (MPEPE) unites sports enthusiasts and crypto investors in an exciting new ecosystem.

Mpeppe (MPEPE), a decentralized casino and sports betting platform, offers investors a unique value proposition beyond memecoin appeal. It allows participation in various games, yield farming, liquidity mining, and staking, making it an attractive alternative for BNB traders seeking alternative investment options. Mpeppe (MPEPE) provides a thrilling combination of memecoin speculation and tangible returns from gaming and sports betting activities.

DTX Exchange: The New Trading Platform Attracting Investors

In addition to Mpeppe (MPEPE)’s rise in the memecoin space, DTX Exchange is positioning itself as a serious competitor to Binance Coin (BNB) in the crypto trading space. The DTX platform differentiates itself by offering lower fees, a wider variety of trading pairs, and a more user-friendly experience for both retail and institutional investors. With a focus on decentralization, DTX Exchange promises greater transparency and autonomy for its users, qualities that are highly valued in the crypto community.

For investors who are concerned about centralized exchanges like Binance Coin (BNB), DTX offers a compelling alternative. Its decentralized infrastructure allows users to trade assets without relying on a central authority, reducing the risks associated with exchange hacks or regulatory interference. As a result, many investors are choosing DTX over Binance Coin (BNB), especially as the decentralized finance movement gains momentum.

Conclusion: Picking the Winning Side

Binance Coin (BNB) faces competition from Mpeppe (MPEPE) and DTX Exchange, attracting traders with their unique combination of memecoin excitement and decentralized gaming utility. The rise of Mpeppe (MPEPE) and DTX Exchange offers exciting alternatives with potential for significant returns, making it crucial for investors to weigh their options and determine the winner in the rapidly evolving crypto market.

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Crypto News Today: Mpeppe (MPEPE) Dominates Meme Coin Sphere, Floki Sharks Buy Before Bull Run

bitcoinist.com - Sat, 09/07/2024 - 18:30

As the cryptocurrency market braces for a potential bull run, two major memecoins are taking center stage: Mpeppe (MPEPE) and Floki Inu (FLOKI). Mpeppe (MPEPE) has rapidly established itself as a dominant force in the meme coin sphere, thanks to its innovative blend of sports fandom and blockchain technology. Meanwhile, savvy Floki Inu investors, known as “Floki Sharks,” are positioning themselves for the next big move, with many diversifying into Mpeppe (MPEPE) before the anticipated market surge. Here’s how Mpeppe (MPEPE) is leading the charge and why  Floki Inu (FLOKI) Sharks are keeping a close eye on this rising memecoin.

Mpeppe (MPEPE): The Revolutionary Meme Coin Changing the Game

Mpeppe (MPEPE) is not your average memecoin—it’s a revolutionary cryptocurrency that stands at the intersection of sports, blockchain, and community-driven innovation. Drawing inspiration from Pepecoin and the world-renowned soccer star Kylian Mbappé, Mpeppe (MPEPE) unites global sports enthusiasts through the power of crypto. 

By leveraging blockchain technology, Mpeppe (MPEPE) pioneers a gaming and sports betting ecosystem that allows users to socialize, trade the community token, and participate in thrilling sports-related activities. For meme coin investors who are looking for real utility, Mpeppe (MPEPE) offers a unique and compelling use case.

Why Mpeppe (MPEPE) is Dominating the Meme Coin Sphere

Mpeppe (MPEPE)’s dominance in the meme coin sphere can be attributed to its innovative approach to combining sports fandom with crypto. Unlike traditional memecoins that rely solely on viral marketing and hype, Mpeppe (MPEPE) has built a robust ecosystem that offers real-world utility. The token’s gaming and sports betting features provide multiple opportunities for users to engage and profit within a decentralized platform.

With a strong community of soccer fans and crypto enthusiasts, Mpeppe (MPEPE) has quickly gained traction as a serious contender in the memecoin space. The project’s focus on blending entertainment, sports, and financial opportunities sets it apart from other tokens like Floki Inu (FLOKI), which primarily relies on community support.

Floki Inu (FLOKI) Sharks Buy In Before the Bull Run

While Mpeppe (MPEPE) is making waves, Floki Inu (FLOKI) remains a powerhouse in the memecoin world. However, recent market activity shows that Floki Sharks—savvy investors who are known for their strategic buys—are starting to diversify their holdings. Many Floki Inu investors are adding Mpeppe (MPEPE) to their portfolios ahead of an expected bull run, betting on the token’s potential for explosive growth.

The Floki Inu (FLOKI) community has always been known for its strong belief in the token’s long-term success, but with the emergence of new players like Mpeppe (MPEPE), investors are hedging their bets by embracing both tokens. As the market shifts, these Floki Inu (FLOKI) Sharks are looking to capitalize on Mpeppe (MPEPE)’s dominance in the gaming and sports betting sector.

Conclusion: The Future of Mpeppe (MPEPE) and Floki Inu

As the cryptocurrency market prepares for a potential bull run, Mpeppe (MPEPE) and Floki Inu (FLOKI) are attracting increased investor interest. Mpeppe (MPEPE)’s focus on real-world utility and decentralized gaming is attracting new investors, while Floki Inu (FLOKI)’s viral marketing and strong community attract attention. Mpeppe (MPEPE) offers a compelling investment opportunity for diversifying portfolios and taking advantage of the growing memecoin space, while Floki Inu (FLOKI) Sharks are buying in to ride the wave of success.

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Injective Protocol & Blackrock, INJ Investors Watch New Injective and Mpeppe (MPEPE) Updates Closely

bitcoinist.com - Sat, 09/07/2024 - 17:35

Injective Protocol (INJ) has become a key player in the decentralized finance (DeFi) sector. With the recent involvement of major institutional investors like BlackRock, Injective Protocol (INJ) is now firmly on the radar of both traditional and crypto-native investors. At the same time, a new contender in the memecoin and decentralized casino sector, Mpeppe (MPEPE), is capturing attention for its innovative approach to combining A.I., DeFi, and meme culture. Together, these developments are making INJ and Mpeppe (MPEPE) two of the most closely watched tokens in the space.

BlackRock’s Role in Boosting Institutional Confidence in INJ

BlackRock, one of the world’s largest asset management firms, has been making waves in the crypto world with its growing interest in blockchain technology and decentralized finance. With BlackRock’s potential involvement in the blockchain sector, investors are speculating that Injective Protocol (INJ) could benefit from increased institutional confidence and investment.

The allure of Injective Protocol (INJ) lies in its cross-chain DeFi capabilities, which allow for seamless decentralized trading, futures, options, and more across various blockchains. The potential support from a global financial powerhouse like BlackRock could give INJ the legitimacy needed to break through to a wider investor base, including traditional financial players.

Why INJ Investors Are Watching BlackRock’s Moves

For Injective Protocol (INJ) investors, BlackRock’s involvement in the crypto market signals a growing acceptance of decentralized finance within institutional circles. This development has major implications for INJ’s price potential and market position. Investors are closely monitoring whether BlackRock’s participation will lead to a major influx of institutional capital into INJ and other DeFi projects, boosting market momentum and liquidity.

Additionally, INJ’s focus on cross-chain DeFi solutions aligns with BlackRock’s potential interest in building financial systems that are decentralized yet scalable. If institutional players like BlackRock increase their exposure to DeFi through platforms like Injective, INJ could see a significant price surge.

Mpeppe (MPEPE)’s Rise: The Next Big Opportunity for DeFi and A.I. Investors

While Injective Protocol (INJ) is gaining attention from institutional players, the memecoin and DeFi space is witnessing the rise of Mpeppe (MPEPE). As a casino token with strong integration of A.I. and DeFi elements, Mpeppe (MPEPE) is positioning itself as a project with long-term potential. Unlike traditional memecoins, which rely purely on hype, Mpeppe (MPEPE) offers yield farming, staking, and liquidity mining for its users, making it more than just a speculative token.

How Mpeppe (MPEPE) and INJ Could Benefit from Market Trends

Injective Protocol (INJ)  and Mpeppe (MPEPE) are poised to benefit from market trends, particularly as DeFi and AI continue to disrupt traditional industries. Injective Protocol (INJ), attracting attention from institutional investors, offers cross-chain solutions, while Mpeppe (MPEPE), an innovative casino platform, could capture a significant share of the DeFi gaming market due to its viral appeal and financial incentives through staking and liquidity mining.

Conclusion: INJ and Mpeppe (MPEPE) Are the Tokens to Watch

Injective Protocol (INJ) and Mpeppe (MPEPE) are gaining attention from investors due to their innovative AI and DeFi integration. These tokens offer opportunities for those seeking institutional backing or viral meme culture with financial incentives, making them worth monitoring as the crypto market cycle moves into the next phase.

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Injective Protocol Price Prediction, INJ Faces Resistance As A.I Investors Flock Into Mpeppe (MPEPE) Casino

bitcoinist.com - Sat, 09/07/2024 - 17:32

Injective Protocol (INJ) has been making headlines with its focus on decentralized finance (DeFi) solutions and cross-chain compatibility, but the token is facing resistance in recent market movements. While Injective Protocol (INJ) remains a promising project within the blockchain space, the rise of new players like Mpeppe (MPEPE), a cutting-edge A.I.-powered casino token, is capturing the attention of investors looking for the next big opportunity. This shift in investor sentiment highlights the growing demand for innovation in sectors like online gambling, where artificial intelligence (A.I.) is playing an increasingly important role.

Injective Protocol Price Prediction: INJ Faces Short-Term Resistance

Injective Protocol (INJ), known for its ability to enable decentralized trading across different blockchains, has been a favorite among DeFi enthusiasts. However, the Injective Protocol (INJ) token has been facing resistance at key price levels, with market analysts noting challenges in breaking past certain thresholds.

– Current Resistance Level: The $8.00-$8.50 range has been identified as a key area of resistance for Injective Protocol (INJ), where the price has struggled to gain momentum.

– Short-Term Price Prediction: Analysts suggest that if INJ can break through the $8.50 resistance level, the next target would be around $10.00. However, failure to break past this resistance could see INJ consolidate or even pull back toward support levels around $6.50-$7.00.

While Injective Protocol (INJ) remains a strong project with long-term potential, the token’s short-term challenges are prompting some investors to explore alternatives, particularly in emerging sectors like A.I.-powered cryptocurrencies.

Why A.I. Investors Are Flocking to Mpeppe (MPEPE)

As INJ faces resistance, attention is shifting to Mpeppe (MPEPE), a new casino token that integrates artificial intelligence (A.I.) and blockchain technology to revolutionize the online gambling industry. Mpeppe (MPEPE) is gaining traction as investors recognize the potential of combining DeFi features with A.I. innovations in a rapidly growing market.

Here are some key reasons why A.I. investors are flocking to Mpeppe (MPEPE):

A.I.-Powered Casino Platform

Mpeppe (MPEPE) leverages artificial intelligence to enhance the user experience in online gambling. A.I. is used to optimize gameplay, ensure fair outcomes, and analyze user data to improve platform performance. This technological advantage makes Mpeppe (MPEPE) stand out in a crowded market, offering a more sophisticated and strategic gambling experience for players.

DeFi Integration for Passive Earnings

Mpeppe (MPEPE) isn’t just a memecoin—it’s a DeFi-integrated platform. Investors can participate in yield farming, staking, and liquidity mining to earn rewards while holding the MPEPE token. This integration of decentralized finance gives Mpeppe (MPEPE) real utility, attracting A.I. investors who want more than just speculative gains.

Growing Community and Viral Appeal

Mpeppe (MPEPE) combines the viral appeal of memecoins with the utility of blockchain technology. By engaging with meme culture and offering real financial benefits through DeFi, Mpeppe (MPEPE) is building a loyal and expanding community. Investors are drawn to this dual approach, which provides both short-term excitement and long-term potential.

Conclusion: Injective Protocol Faces Resistance as Mpeppe (MPEPE) Gains Momentum

The rise of Mpeppe (MPEPE) is a promising investment opportunity as Injective Protocol (INJ) struggles to break past resistance levels. Mpeppe (MPEPE)’s innovative approach to the online gambling market, viral appeal, and strong DeFi utility make it a standout project in the cryptocurrency space. As Mpeppe (MPEPE)’s presale gains momentum, investors are adding it to their holdings ahead of the anticipated market rally.

For more information on the Mpeppe (MPEPE) Presale: 

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Spot Bitcoin ETFs Investors Have “Bet On The Wrong Horse,” Peter Schiff Claims

bitcoinist.com - Sat, 09/07/2024 - 17:30

Lately, positive sentiment around the Spot Bitcoin Exchange-Traded Funds (ETFs) seems to have reduced drastically, prompting criticism from Gold advocate and economist, Peter Schiff. The economist argues that Bitcoin is a bad investment due to its inherent volatility and lack of intrinsic value when compared to more conventional assets like gold.

Spot Bitcoin ETF Investors Chose The Wrong Investment?

In a recent post on the X (formerly Twitter) platform, crypto critic Peter Schiff issued a stern warning to investors who are placing bets on spot Bitcoin ETFs that they are making a wrong investment choice. Schiff contends that the hype around the products is unwarranted since they have performed less than the Gold ETF.

According to the economist, despite a massive influx of capital observed following the launch of the spot BTC ETFs, the products have attracted gains of less than 17%. Meanwhile, with significant outflows, its Gold Exchange-Traded Fund (ETF) counterpart, GLD, has amassed gains of more than 20%.

Considering both investment vehicles, Schiff claims that spot BTC ETF investors are “betting on the wrong horse.” His comparison demonstrates his long-standing belief in gold as a better investment option over Bitcoin, the largest cryptocurrency asset.

The post read:

Since they first launched in January of this year, despite massive inflows, the new Bitcoin ETFs are up less than 17%. In contrast, GLD, the largest gold ETF, despite massive outflows, is up over 24%. It’s clear that despite all the hype, ETF investors bet on the wrong horse.

Schiff’s criticism comes in light of recent pessimism around the spot BTC ETFs, which has triggered speculations about the long-term potential of Bitcoin. It appears that the current price fluctuations of BTC have impacted investors’ sentiment as the products recorded another massive outflow after the market closed on Thursday.

Reports from Farside Investors show that the funds saw an outflow of capital worth a whopping $211 million, suggesting a decrease in adoption and reassessment of both institutional and retail investors’ exposure to the products.

Blackrock‘s BTC ETF (IBIT), Ark Invest BTC ETF (ARKB), Invesco BTC ETF (BTCO), Franklyn BTC ETF (EZBC), Valkyrie BTC ETF (BRRR), VanEck BTC ETF (HODL), and WisdonTree BTC ETF (BTCW) recorded zero inflows. Meanwhile, Fidelity BTC ETF (FBTC), Bitwise BTC ETF (BITB), and Grayscale BTC ETF (GBTC) witnessed an outflow of $149.5 million, $30 million, and $23.2 million respectively.

BTC Poised For Bullish Performance In Q4

Despite negative developments around BTC, several crypto analysts are still bullish about the crypto asset, pointing to a positive Q4. Captain Faibik predicts that the next 3 months will be very bullish for BTC, but the bulls must survive this month and maintain above the $55,000 support level.

Should the bulls succeed in holding above the level, Faibik is confident that BTC will rise again and challenge the $68,000 resistance in a few days. Furthermore, he underscored that with each retest, the $68,000 and $69,000 resistance is becoming weaker. Due to this, Faibik foresees an optimistic Q4 for BTC, urging investors to trust in the process.

Toncoin (TON) Breaks $4.70 Support As Whale TON Investors Look For New 1000X Cryptocurrencies

bitcoinist.com - Sat, 09/07/2024 - 17:30

As Toncoin (TON) investors face new market dynamics, including a critical price drop below $4.70, many are starting to shift their focus toward alternative high-growth opportunities. Whales, who are typically adept at spotting early market trends, have begun eyeing promising new projects like Mpeppe (MPEPE), a meme-based casino cryptocurrency poised to generate impressive returns. With the volatility surrounding major tokens like Toncoin (TON), Mpeppe (MPEPE) stands out as a potential game-changer in the crypto space.

Toncoin (TON) Investors Look for New Horizons

Toncoin (TON) has been a hot topic recently, especially after its addition to Binance’s Simple Earn locked products list, allowing investors to earn up to 5.9% in APR rewards. Despite this development, Toncoin (TON)’s price has experienced a 15% decline over the past week, raising concerns about its short-term trajectory. Currently, Toncoin (TON) is trading above its 20-day exponential and simple moving averages, which signals a possible reversal. Analysts predict a recovery with potential highs reaching $5 before the end of September. However, the recent volatility has prompted many Toncoin (TON) whales to explore other options.

The shift in focus is also driven by the growing competition in the market, particularly from projects like Ripple (XRP) and IntelMarkets (INTL), which are attracting substantial interest. Still, Mpeppe (MPEPE) has emerged as a key player, with its casino-themed crypto token offering massive upside potential.

Mpeppe: A New Frontier for Casino-Themed Crypto

With Toncoin (TON) investors looking for new opportunities, Mpeppe (MPEPE) has quickly become a rising star. Priced at $0.0021 during its presale, Mpeppe (MPEPE) has attracted attention for its unique focus on the casino and gambling sector. The decentralized platform promises fast payouts, transparent betting, and a wide range of popular casino games, including poker, roulette, and slot machines.

Mpeppe (MPEPE) aims to eliminate the issues often associated with traditional online casinos, such as slow payouts and lack of transparency. The decentralized nature of the platform ensures that users have a seamless and fair experience, making it particularly appealing to whales seeking high-growth opportunities in the crypto space.

Moreover, Mpeppe (MPEPE)’s tokenomics, combined with its focus on the lucrative gambling industry, make it a strong contender for investors looking to diversify their portfolios. As the token moves closer to its official launch, many analysts are predicting a surge of up to 1000%, making it an attractive option for those looking to capitalize on the next wave of crypto wealth.

The Future of Toncoin (TON)

While Toncoin (TON) have shown resilience in the face of market volatility, their short-term prospects remain uncertain. Both tokens have strong use cases—TON with its integration into Binance’s Simple Earn products. 

As more investors, particularly whales, turn to alternative projects like Mpeppe (MPEPE), the crypto landscape continues to evolve. Toncoin (TON) may see a price rebound, especially with its technical indicators showing potential for a recovery. However, the allure of new projects offering higher potential returns, such as Mpeppe (MPEPE), is hard to ignore.

Conclusion

Toncoin (TON) continue to be a strong player in the crypto market, but their recent price declines have led many investors to explore new opportunities. Mpeppe (MPEPE), with its focus on the casino and gambling sector, has quickly risen as a viable alternative for those looking to maximize their returns in the next bull run. Priced at just $0.0021 in its presale, Mpeppe (MPEPE) has the potential to deliver substantial gains, especially as the token nears its official launch.

For more information on the Mpeppe (MPEPPE) Presale: 

Visit Mpeppe (MPEPPE)

Join and become a community member: 

https://t.me/mpeppecoin

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

 

Pepe Coin: Whales Take Big Bets On Mpeppe After Community Anticipating 13,000% Rally at Launch

bitcoinist.com - Sat, 09/07/2024 - 17:27

Meme coins continue to dominate conversations in the crypto world, and while Pepe Coin (PEPE) has enjoyed the spotlight for quite some time, there’s a new contender grabbing attention — Mpeppe (MPEPE). As excitement builds around Mpeppe, investors are anticipating an explosive 13,000% rally at launch, drawing significant interest from whales eager to capitalize on this opportunity.

Pepe Coin: The Original Meme Powerhouse

Fpepe (PEPE), one of the most well-known Ethereum-based meme coins, has held a strong position in the market, ranking as the third-largest meme coin by market capitalization behind Dogecoin and Shiba Inu. With a market cap hovering near $3 billion, PEPE remains a significant player in the crypto space, buoyed by its devoted community.

Over the past year, PEPE has seen some impressive gains, with the token experiencing a surge of over 780%. However, despite its popularity and growth, PEPE is still largely driven by speculation. It has no real-world utility or functionality beyond its meme status, meaning its growth depends entirely on the enthusiasm and support of its community.

While PEPE has been a success story in many ways, its trajectory in the upcoming bull market is uncertain. For now, it remains a volatile asset that can experience significant price swings based on community sentiment. Investors who have been in the PEPE game for a while are now looking for the next big opportunity in the meme coin sector — and that’s where Mpeppe (MPEPE) comes into play.

The Rise of Mpeppe Casino

As PEPE’s future remains uncertain, Mpeppe (MPEPE) has emerged as the meme coin to watch. Investors are flocking to Mpeppe, enticed by the prospect of an incredible 13,000% rally at launch. This new meme coin is already making waves in the presale phase, with whales taking substantial positions ahead of its expected explosive entry into the market.

Mpeppe is currently in Stage 4 of its presale, having raised $1.8 million so far and selling over 66% of its available tokens. Priced at just $0.0021 USDT, early investors are eager to get in before the price skyrockets post-launch. With its community-driven nature and strong early momentum, Mpeppe is showing all the signs of becoming the next major player in the meme coin space.

What’s driving this excitement? For one, Mpeppe’s presale has been incredibly well-organized, giving early investors confidence that the coin will perform well once it hits the exchanges. The project’s ability to raise significant funds in such a short time has caught the attention of both whales and smaller retail investors alike, who see Mpeppe as an opportunity for massive returns in the near future.

Why Mpeppe Could Outshine PEPE

While PEPE has a strong community and an established presence, Mpeppe has several advantages that make it an appealing alternative. Unlike PEPE, which is entirely dependent on investor interest, Mpeppe’s presale success indicates that it has a clear plan for growth. Additionally, with whales backing the coin early on, Mpeppe (MPEPE) has gained a level of credibility that could help it outperform its competitors.

The potential 13,000% rally that investors are anticipating is not just based on hype. Mpeppe’s development team has worked hard to build a solid foundation for the token, and with strong financial backing, the project is well-positioned for rapid growth. The meme coin market thrives on community support and speculative excitement, and Mpeppe has both in abundance.

The Future of Meme Coins: A Shift in Focus

The meme coin sector has always been highly speculative, but as more investors look for the next big winner, projects like Mpeppe are stepping up to offer fresh opportunities. While Pepe Coin continues to ride the wave of its past success, Mpeppe (MPEPE) is gaining traction as a serious contender in the space, poised for significant gains in the near future.

With PEPE’s growth largely reliant on continued community enthusiasm, some investors are shifting their focus to Mpeppe, which offers a more structured investment opportunity through its presale. As Mpeppe approaches its official launch, excitement continues to build, with whales and everyday investors alike eager to see how high this new meme coin can go.

Conclusion: Mpeppe on the Verge of Greatness

While Pepe Coin (PEPE) will always have a place in meme coin history, Mpeppe (MPEPE) is quickly becoming the meme coin to watch. With an anticipated 13,000% rally at launch and strong backing from investors, Mpeppe has the potential to outshine even the most established players in the market.

As the presale nears its end and Mpeppe gears up for its debut, investors are positioning themselves for what could be one of the most explosive launches in meme coin history. If Mpeppe lives up to the hype, it could very well become the next big winner in the world of cryptocurrency.

For more information on the Mpeppe (MPEPPE) Presale: 

Visit Mpeppe (MPEPPE)

Join and become a community member: 

https://t.me/mpeppecoin

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

 

Binance: BNB Chain DEX Drops 24% In Volume As Mpeppe (MPEPE) Gains BNB Community Support and Momentum

bitcoinist.com - Sat, 09/07/2024 - 17:24

The decentralized exchange (DEX) on Binance’s BNB Chain has recently experienced a significant drop in trading volume, with reports showing a 24% decrease over the past month. As Binance Coin (BNB) Chain’s DEX activity slows, new projects like Mpeppe (MPEPE) are quickly gaining traction among the Binance Coin (BNB) community. Mpeppe (MPEPE), a memecoin with real utility in the decentralized gaming and casino space, is attracting attention for its innovative use case and explosive potential for growth. With the Binance Coin (BNB) community rallying behind this rising star, Mpeppe (MPEPE) is proving to be a formidable force in the crypto space.

Let’s explore how Binance Coin (BNB) Chain’s DEX is being impacted and why Mpeppe (MPEPE) is emerging as the next big opportunity for BNB investors.

BNB Chain DEX Faces a Decline in Volume

Binance’s BNB Chain has long been a hub for decentralized finance (DeFi) activity, with its DEX providing users with the ability to trade tokens without intermediaries. However, recent data indicates a sharp 24% drop in trading volume on the Binance Coin (BNB) Chain DEX. This decline can be attributed to several factors, including increased competition from other decentralized platforms and a shift in user interest towards newer, high-potential projects.

While Binance Coin (BNB) Chain remains a strong platform for DeFi, the decrease in DEX volume signals a shift in investor focus. As users seek more innovative and rewarding opportunities, projects like Mpeppe (MPEPE) are stepping in to fill the gap, offering a fresh take on DeFi with the added appeal of decentralized gaming.

Mpeppe (MPEPE) Gains Momentum in the BNB Community

As BNB Chain’s DEX activity slows, Mpeppe (MPEPE) is gaining serious momentum within the Binance Coin (BNB) community. Mpeppe (MPEPE), a memecoin inspired by Pepecoin and professional soccer star Kylian Mbappé, offers more than just speculative hype. With its integration of decentralized finance (DeFi), sports betting, and casino gaming, Mpeppe (MPEPE) is creating an ecosystem where users can engage in fun and profitable activities.

The Mpeppe (MPEPE) platform allows users to bet on live sports, participate in decentralized casino games, and earn rewards through staking and yield farming. This unique combination of entertainment and financial incentives has struck a chord with the Binance Coin (BNB) community, many of whom are looking for alternative projects to invest in as BNB Chain’s DEX volume declines.

Why the BNB Community is Backing Mpeppe (MPEPE)

Mpeppe (MPEPE) is gaining support from the Binance Coin (BNB) community due to its real-world utility, integration with DeFi, community-driven growth, and potential for high returns. Mpeppe (MPEPE) offers a decentralized casino and gaming platform, allowing users to participate in betting and gaming activities while earning rewards. It also integrates with DeFi, allowing users to engage in yield farming, staking, and liquidity mining, providing passive income for investors. Mpeppe (MPEPE)’s focus on community engagement and rewards has helped it build a loyal following and position it as a strong contender in the memecoin space. As Mpeppe (MPEPE) gains more exposure, investors are looking to capitalize on the potential for high returns.

Conclusion: BNB and Mpeppe (MPEPE) – A New Era of Crypto Investment?

The 24% drop in BNB Chain DEX volume indicates a shift in the cryptocurrency market. Projects like Mpeppe (MPEPE) are attracting attention with their innovative decentralized finance and gaming approaches. With strong community support, real-world utility, and potential for significant returns, Mpeppe (MPEPE) presents an opportunity for Binance Coin (BNB) holders to diversify their portfolios and explore new growth avenues in the cryptocurrency 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

 

VC Blasts Ethereum and Layer-2s, Endorses Dash: Here’s Why

bitcoinist.com - Sat, 09/07/2024 - 16:00

While Ethereum developers are working hard to develop on-chain scaling solutions, including Sharding, layer-2s is picking up steam. According to L2Beat, as of September 6, all these layer-2 scaling solutions managed nearly $34 billion.

Popular as they are, most are not only emerging to be centralized but also have security concerns. Recently, the OP Mainnet had to revert to a centralized fault-proof system after finding flaws in the decentralized version.

Ethereum And Its Layer-2s Are Flawed

In light of these weaknesses, Justin Boons, the founder and CIO of Cyber Capital, a venture capital firm, is ripping harder into Ethereum and, specifically, its layer-2 platforms. In a post on X, the founder argues that layer-2s like Arbitrum and Base are fundamentally flawed and centralized services.

Boons took to X, highlighting the shortcomings of Ethereum developers. The founder accuses them of not scaling right after launching and how “parasitic” layer-2 solutions are turning out to be. Despite their advantages, Boons claims these off-chain solutions create an unhealthy dependency.

Interestingly, the founder continued that Ethereum is becoming highly dependable on these solutions, though they don’t adhere to the guiding principles governing the blockchain: decentralization.

The venture capital is convinced that Ethereum layer-2s are taking advantage of the popularity of the mainnet not to advance its adoption but to profit.

Their decision to sacrifice decentralization (and thus security) will, at the fullness of time, only serve to undermine the entire ecosystem. In his view, platforms like Base, Arbitrum, and the OP Mainnet shouldn’t be considered “extensions” of the base layer due to their inherent weaknesses.

Dash Will Benefit For Decentralizing From The Start

As Boons criticized Ethereum and its dominant scaling options, the founder backed Dash, one of the earliest blockchain platforms. Unlike the off-chain solutions, Dash, the venture capitalist said, prioritized scaling from the beginning.

Specifically, Boons also chose the blockchain’s decision to select a decentralized governance approach. Their move, the founder added, will “benefit” them in the coming days.

Still, though there are challenges with layer-2s, Ethereum developers are working to refine the mainnet. Ethereum 2.0 will deliver on-chain scaling without sacrificing security and decentralization in a series of upgrades, from the Verge to Splurge.

At the same time, the approval of spot Ethereum ETFs is a huge endorsement of the network. Though the United States Securities and Exchange Commission (SEC) is yet to publicly endorse ETH to be a commodity, like Bitcoin, the Commodity Futures Trading Commission (CFTC) considers it a commodity.

Though one of the earliest platforms, Dash has faded into obscurity in recent years. It is outside the top 100 most valuable networks and faces liquidity challenges after delisting from some centralized exchanges like HTX.

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