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Mpeppe Casino Presale Readies For Launch As Helium HNT Investors Take Position In 1100X Rocket

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1 month ago

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The cryptocurrency market has been nothing short of volatile in recent months, with Bitcoin and Ethereum experiencing downturns. Amidst this, Helium (HNT) has emerged as a standout performer, defying the bearish market with consistent gains. Now, as Helium (HNT) solidifies its presence with a growing ecosystem, investors are starting to look toward Mpeppe (MPEPE), a GambleFi token, as a potential high-growth opportunity in the decentralized casino space.

Helium’s (HNT) Ecosystem Grows Despite Market Downturn

While most of the crypto market has struggled, Helium (HNT) has thrived, especially with its unique decentralized physical infrastructure network (DePIN). Over the last month, HNT has surged by 20%, continuing to outperform major cryptocurrencies like Bitcoin and Ethereum. This growth is largely driven by Helium Mobile, which now boasts over 110,000 subscribers—a significant jump from the 100,000 subscriber mark it crossed just two months ago.

The Helium (HNT) ecosystem has also seen the number of global hotspots rise dramatically, now exceeding 18,000, up from just 11,000 last year. These hotspots form the backbone of Helium’s wireless network, allowing IoT devices to communicate without traditional cellular or WiFi networks. This growing utility has fueled demand for HNT tokens, which has continued to climb amidst the broader market downturn.

In addition to expanding its subscriber base, Helium (HNT) strategic moves—like the integration of HNT into Anchorage Digital’s self-custody wallet and its expansion into Puerto Rico—have kept the project in the spotlight. These developments have further solidified Helium’s position as a leader in decentralized telecommunications, allowing its price to rise even as Bitcoin fell below $57,000.

Mpeppe Casino Prepares for Launch

While Helium (HNT) investors are enjoying steady gains, some are beginning to diversify into new high-potential projects like Mpeppe. The Mpeppe (MPEPE) casino presale has caught the attention of the crypto community, with investors taking positions ahead of its highly anticipated launch. With its current presale price of $0.0021 USDT, Mpeppe has already raised nearly $2 million and sold over 67% of its available tokens.

Mpeppe offers an exciting opportunity for investors seeking exposure to the rapidly growing GambleFi sector, which merges decentralized finance (DeFi) with online gambling. The platform’s unique approach to decentralized gaming, transparency, and high returns has already made it a popular choice for early adopters.

What’s particularly attractive about Mpeppe (MPEPE) is its low entry point, allowing investors to take advantage of massive potential upside. Analysts predict that Mpeppe could see gains as high as 1100x, making it one of the most promising projects in the current crypto landscape.

Why HNT Investors Are Eyeing Mpeppe

Helium (HNT)’s consistent growth has given its investors confidence, but many are now looking for additional opportunities to diversify their portfolios. Mpeppe (MPEPE), with its GambleFi focus and a promising presale, provides an ideal complement to Helium (HNT). By investing in both projects, investors can enjoy the stability and growth of Helium’s decentralized infrastructure, while also participating in the high-risk, high-reward potential of Mpeppe’s decentralized casino platform.

As Mpeppe (MPEPE) prepares for its next presale stage, the price will increase to $0.00235 USDT, prompting many to act quickly before the price hike. The platform’s roadmap includes plans for the integration of mobile gaming, which could further boost its appeal, especially in a market where mobile gaming is expected to exceed $300 billion globally by 2025.

What’s Next for Helium and Mpeppe?

Helium (HNT) has proven that decentralized infrastructure projects can succeed even in a bearish market. Its ability to increase its user base and expand its global network of hotspots demonstrates the long-term viability of the project. As HNT continues to grow, technical analysis suggests that the token could reach as high as $14, representing a 63% potential upside from its current price.

Meanwhile, Mpeppe (MPEPE) is gearing up for what could be one of the most exciting launches of the year. With its presale already drawing significant attention, Mpeppe is well-positioned to capture a large share of the decentralized gambling market. Its low price point and the potential for massive gains make it an attractive option for both retail and institutional investors.

In conclusion, while Helium (HNT) continues to perform well in the IoT space, the rise of Mpeppe (MPEPE) in the GambleFi sector offers an intriguing opportunity for investors looking to diversify. With both projects showing significant growth potential, those who hold HNT and Mpeppe could be in for substantial returns 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

 



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

Published

2 days ago

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October 17, 2024

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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?

Published

5 days ago

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October 14, 2024

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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

Published

3 weeks ago

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September 26, 2024

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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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