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$15.3M Pepecoin Whale Gets Their Hands on Mpeppe for $0.001777

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In the rapidly evolving world of cryptocurrency, few events capture the attention of the community like the moves of a whale, an investor with a substantial amount of capital. Recently, a notable Pepecoin (PEPE) whale, known for their strategic acquisitions, made headlines again by making a significant investment in Mpeppe (MPEPE). This move not only highlights the growing potential of MPEPE but also underscores the ongoing interest in meme coins that continue to dominate the market.

The Pepecoin (PEPE) Phenomenon

Pepecoin (PEPE) has been a staple in the meme coin sector, consistently attracting a dedicated following despite its volatility. Recently, Pepecoin (PEPE) experienced a slight dip, with its price dropping by 8% to $0.00008583. However, this decline did little to deter the whale’s interest, as the increased trading volume rising by 27% to $907 million suggests an imminent price movement. The technical analysis of Pepecoin (PEPE) indicates the formation of a Falling Wedge pattern, which often precedes a bullish reversal. Should this pattern hold, analysts predict a potential price surge of 30-50%, pushing Pepecoin (PEPE) to as high as $0.00001734.

Even with its recent downturn, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators point to a possible weakening of bearish momentum. This could pave the way for a recovery, reaffirming Pepecoin (PEPE) as a significant player in the meme coin market.

Why Mpeppe (MPEPE) is Attracting Pepecoin (PEPE) Whales

While Pepecoin (PEPE) continues to be a focal point in the market, whales are always on the lookout for the next big opportunity. Mpeppe (MPEPE) has emerged as a compelling candidate, especially given its current presale success. Priced at an enticing $0.001777, MPEPE is nearing the completion of its Stage 3 presale, with over 80% of tokens already sold. This has caught the eye of the Pepecoin (PEPE) whale, leading them to make a substantial purchase.

The timing of this investment is crucial. As Pepecoin (PEPE) hovers at a critical point with potential for a bullish breakout, diversifying into Mpeppe (MPEPE) offers a balanced strategy. MPEPE is not just riding the coattails of Pepecoin (PEPE); it’s carving out its own niche, driven by a viral marketing campaign and a passionate community that echoes the early days of PEPE. For the whale, this move represents a calculated bet on the future success of MPEPE, similar to the early gains reaped from Pepecoin (PEPE).

Pepe Unchained (PEPU) and Mpeppe (MPEPE): The New Kids on the Block

Alongside Pepecoin (PEPE), Pepe Unchained (PEPU) has also been making waves. This Layer-2 meme coin, designed to integrate seamlessly with Ethereum, has already raised nearly $11 million in early funding. PEPU’s use of Layer-2 technology offers faster transactions, lower costs, and improved scalability features that have drawn significant investor interest. Analysts at 99Bitcoins have even suggested that PEPU could have 100x potential, making it another token to watch closely.

Mpeppe (MPEPE), however, stands out with its unique appeal. It’s not just another meme coin; it’s a project with a strong community foundation, poised to capitalize on the current trends in the market. With its presale nearing completion, Mpeppe (MPEPE) is positioned to make a big splash once it hits the open market. The investment by the Pepecoin (PEPE) whale further validates the potential of MPEPE, indicating that this token could follow in the successful footsteps of its predecessors.

The Strategic Importance of Mpeppe (MPEPE)

For investors, especially those who have benefited from Pepecoin (PEPE), Mpeppe (MPEPE) represents an opportunity to diversify while staying within the lucrative meme coin sector. The presale price of $0.001777 offers an accessible entry point, and the strong presale performance suggests a significant upside once the token is publicly traded.

As September approaches, Mpeppe (MPEPE), alongside Pepecoin (PEPE) and Pepe Unchained (PEPU), is set to be a major player in the market. Each token brings its unique strengths PEPE with its established market presence, PEPU with its technological advancements, and MPEPE with its viral potential and community-driven success. For those looking to make strategic moves in the crypto space, these tokens offer a balanced portfolio with both stability and high-growth potential.

Conclusion

The decision by a Pepecoin (PEPE) whale to invest heavily in Mpeppe (MPEPE) underscores the growing confidence in this new meme coin. As the presale nears completion and with strong community support, MPEPE is poised to become a major player in the market. For investors, the time to act is now before MPEPE follows the trajectory of Pepecoin (PEPE) and Pepe Unchained (PEPU), delivering potentially explosive returns in the process.

In the fast-paced world of cryptocurrency, being ahead of the curve is key. With Pepecoin (PEPE), Pepe Unchained (PEPU), and Mpeppe (MPEPE), September could be the month that solidifies their positions as top contenders in the meme coin arena. Don’t miss out on what could be the next big wave in the crypto 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

 



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Altcoin Rally Won’t Happen Until 2025 As Bitcoin Eyes 60% Market Dominance

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While the Bitcoin (BTC) price has been eyeing a move above $70,000 recently, top altcoins like Ethereum (ETH), BNB, and Solana (SOL) have picked up much pace in this resurgence. Market analysts believe that it’s too early to call for an altcoin rally and might not happen in the fourth quarter of this year.

Don’t Expect An Altcoin Rally in Q4 2024, Here’s Why

Popular crypto analyst Benjamin Cowen stated that the current drop in the ALT/BTC pairs is mainly due to the drop in the net liquidity along with the strengthening of the U.S. Dollar Index (DXY). He believes that this trend will continue until 2025 while pushing the Bitcoin market dominance even higher this quarter.

Cowen predicts that BTC dominance will peak around 60% between September and December 2024, and might as well overshoot this milestone. He expects the dominance uptrend to end by early January 2025.

However, with the potential for interest rate cuts and the reintroduction of quantitative easing (QE), Cowen suggests that 2025 will bring about different market conditions that could shift the dynamics for altcoins. Here’s the list of some best altcoins to bet on before the rally begins.

Bitcoin Eyes 60% Market Dominance

As the odds of a Donald Trump victory in the upcoming US Presidential elections improve, analysts are hopeful that he might end the crypto regulatory headlock as seen during the Biden administration.

On the other hand, the demand for spot Bitcoin ETFs has skyrocketed this week clocking nearly $1.4 billion in inflows within the first three days of the week. The BlackRock Bitcoin ETF IBIT has been leading the pack taking its total inflows above $22.5 billion since inception in January. Vetle Lunde, the Head of Research at K33 Research writes:

“After super strong ETF flows lately, new milestones have been reached! Yesterday, U.S. spot ETFs surpassed 950,000 BTC under management, marking a new all-time high. These relentless flows have pushed global BTC ETP beyond 1.2m BTC for the first time”.

Another reason why Bitcoin dominates over altcoins is that the BTC whale transactions have reached their highest in over 10 weeks with 11,697 transfers exceeding $100,000 on Tuesday, earlier this week.

Furthermore, on-chain data provider Santiment reports that social media discussions have shifted heavily toward Bitcoin over altcoins, with the leading cryptocurrency accounting for more than a quarter of all crypto-related conversations. This comes as Bitcoin’s price surpassed $68,000 for the first time since July, drawing heightened attention from traders.

Courtesy: Santiment

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Tron Token Burn: 10 Million Gone—What Does It Mean For TRX Price?

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TRON (TRX) recently garnered attention by incinerating over 10 million tokens, demonstrating its dedication to a deflationary approach intended to enhance its value. Currently, TRX is trading at roughly $0.1605, indicating a small increase.

Analysts express optimism on TRON’s future, forecasting a 57% price increase during the next three months, and an even more remarkable 208% rise over six months, figures from CoinCheckup show. This optimistic perspective indicates that TRX may be poised for a substantial upward trajectory in the cryptocurrency market.

A Robust Technical Foundation

The technical indicators for TRX are converging towards a positive sentiment. The price chart demonstrates a modest upward trend, while the Relative Strength Index (RSI) is presently at 57.58. This statistic indicates that TRX is approaching overbought area, however there still potential for more gains.

The Stochastic indicator, currently at 66.63, reinforces this bullish perspective by demonstrating momentum without indicating imminent exhaustion. Collectively, these factors suggest that TRX may sustain its upward trend in the short future, rendering it an appealing opportunity for investors.

Increasing Enthusiasm For TRON

Alongside the token burn, TRON has had a decent increase in daily active addresses, indicating a growing investor interest, data from IntoTheBlock shows. Although the general trend seems constant, this minor uptick suggests that more people are entering the market.

This increasing participation may enhance the token’s upward trajectory, particularly when coupled with the current deflationary strategies. As TRON endeavors to diminish its circulating supply, these elements may establish a foundation for heightened prices.

Market Sentiment And Trading Conduct

Despite the positive statistics, traders remain extremely cautious. The Long/Short Ratio shows shorts slightly outstrip longs with 54% shorts and 46% of longs. This is a ‘wait-and-see’ attitude by traders while awaiting a possible volatility in the price movement of TRX.

The TRX OI-Weighted Funding Rate is at approximately 0. That means that the balance of longs to shorts is neutral, and hence it may also reflect positively on market sentiment pending short-term variability for TRX’s price.

Recent burning of tokens by TRON and the steady increase in active addresses can boost the momentum TRX needs to post solid growth rates for the next couple of months.

Technical indicators depict a positive trend and solid price projections, which shows TRX will gain substantially in the short term.

Featured image from Pixabay, chart from TradingView



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Render price recovers amid whale accumulation

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Render, a decentralized graphics processing unit-based rendering solutions provider, is seeing a notable price recovery as large wallet addresses aggressively accumulate the native token.

The Render (RENDER) token ranks as one of the top artificial intelligence and decentralized finance cryptocurrencies by market cap. After its native token plummeted to $4.50 on Sept. 7, Render has shown significant resilience, reclaiming support above $6.00.

RENDER price ‘bottomed’

According to market intelligence and on-chain insights provider Santiment, Render is showing recovery buoyed by large address accumulation. This comes after the artificial intelligence token bottomed out near $4.60 on Sept. 18, with bears rejecting bulls’ attempt to push higher around $5.35 a week earlier.

Most altcoins experienced significant volatility during this time, with related tokens such as Bittensor (TAO) soaring.

Gains for Render have largely been muted, but the bullish shift amid whale accumulation has seen its price rise by more than 33% over the past week. This upside has coincided with a fresh spike in artificial intelligence-related tokens.

Whales bought the Render dip

Whales and sharks took advantage of recent pullbacks to buy low. For Render, this was a notable occurrence, as pointed out by Santiment analysts in an post on X.

On-chain data shows that these large holders possess at least 100,000 Render tokens. About 902 addresses hold 100,000 or more tokens, with large holders controlling 91% of the total supply.

In the past eleven weeks, these large wallets have accumulated over 20.5 million Render tokens, valued at more than $126.3 million. During this aggressive accumulation, whales and sharks added 3.7% of Render’s total supply to their holdings.

While the whales adopted a bullish stance on the altcoin, investor wallets appear to have sold off sharply. In the past month, investors dumped 21% of their holdings, which whales absorbed. Retail investors also purchased more tokens, adding 3.6% to their portfolios.



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