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Polygon on-chain activity spikes despite MATIC price dip

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Polygon has recorded a notable increase in on-chain activity despite the bearish flip in crypto that has sent MATIC plummeting.

While the Polygon (MATIC) price could continue to struggle amid the weakness that currently engulfs Bitcoin (BTC) and the broader crypto market, analysts say the surge in on-chain activity suggests a potential reversal for MATIC.

Data shows Polygon’s network has witnessed a spike in both daily active addresses and dormant coins movement.

Polygon on-chain activity spikes

Santiment notes that Polygon has witnessed a significant spike in dormant MATIC coins on the move. The platform points to the Age Consumed metric, an indicator that tracks movement of dormant tokens by measuring how many long held coins are moving across addresses.

Age Consumed data is a calculation that multiplies the number of coins on the move by the duration since their last transfer.

Notable also is the sharp increase in daily active addresses. According to Santiment’s data, a total of 3,369 addresses interacted on-chain on Polygon as the Age Consumed metric spiked. The active addresses count was the second-highest day of the year. 

IntoTheBlock data also shows a surge in active addresses since Aug. 26, with more than 1,000 new addresses on Aug. 27.

Polygon on-chain activity spikes despite MATIC price dip - 1
Polygon MATIC new and daily active addresses chart. Source: IntoTheBlock

What does this mean?

An increase in the Age Consumed metric often suggests a flip in sentiment for long-term holders. Historically, this has coincided with the particular token’s price witnessing notable changes.

Polygon has been among the many networks declining since crypto’s retrace began back in March. However, a notable spike in on-chain activity may be a sign that a MATIC reversal may be brewing soon. Active addresses and dormant coin spikes are common signals preceding this.

Santiment wrote on X.

In Polygon’s case, the Age Consumed measure spiked to 69 billion MATIC as the altcoin’s price dropped amid the latest crypto weakness. The local top relating to this was around $0.58, and Polygon’s price has dropped 14% so far.

Despite this weakness, the two on-chain indicators suggest investors may view MATIC’s dip as an opportunity to buy low.



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Mpeppe Takes Internet Computer (ICP) Spot As Top Gainers ICP Holder Look To Liquidate

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In the dynamic and fast-paced world of cryptocurrency, it’s not uncommon for newcomers to disrupt the status quo. One of the latest developments in the market has seen Mpeppe (MPEPE) overtake Internet Computer (ICP) as a top gainer, leading to a wave of ICP holders considering liquidation. While ICP has been a solid performer, the rapid rise of Mpeppe has caught the attention of many investors, creating a shift in the market’s focus.

The New Impact of Mpeppe (MPEPE)

Mpeppe (MPEPE) is a new entrant in the crypto world, particularly focusing on the online gambling market. The token’s presale performance has been nothing short of impressive, with over 80% of the tokens already sold. Investors are flocking to Mpeppe (MPEPE), drawn by the potential for high returns in a lucrative industry.

As the global online gambling market continues to grow, Mpeppe (MPEPE)is positioning itself as a leader in this space by offering a decentralized platform that ensures transparency and fairness. This unique approach has resonated with investors, especially those looking for faster and more immediate returns compared to long-term projects like Internet Computer (ICP).

The Struggles of Internet Computer (ICP)

In contrast to Mpeppe, Internet Computer (ICP) has faced challenges in maintaining its position as a top performer. While ICP is an innovative project designed to decentralize the internet by allowing developers to build decentralized applications (dApps), its token has not experienced the explosive growth that many had anticipated.

Trading at around $8.65, Internet Computer (ICP) has seen only moderate price fluctuations over the past few months. Despite its technological advancements, including integration with Bitcoin (BTC), ICP has struggled to capture the same level of excitement as newer projects like Mpeppe (MPEPE).

Recent price predictions for ICP suggest a wide range of potential outcomes. Some analysts believe that ICP could reach as high as $568.54 by 2025, while others predict a more conservative rise to $39.58. These forecasts reflect the uncertainty surrounding ICP’s long-term potential, particularly as the market continues to evolve rapidly.

Why ICP Holders Are Looking to Liquidate

The surge of interest in Mpeppe (MPEPE) has prompted many ICP holders to consider liquidating their positions. With Mpeppe offering the potential for substantial short-term gains, many investors are choosing to shift their focus away from Internet Computer (ICP), which is viewed as a longer-term project with slower growth prospects.

Additionally, the online gambling industry is projected to grow exponentially in the coming years, and Mpeppe is entering this space at the perfect time. Its decentralized model is designed to address many of the issues that plague traditional online gambling platforms, such as lack of transparency and unfair practices. For investors, this represents a unique opportunity to get in early on a project that could deliver significant returns.

Mpeppe’s Potential as a Market Disruptor

The rapid rise of Mpeppe highlights the changing landscape of the cryptocurrency market. While established projects like Internet Computer (ICP) offer long-term potential, newer entrants like Mpeppe are proving that there is still plenty of room for innovation and disruption.

Mpeppe’s ability to tap into a booming industry like online gambling gives it a unique advantage over many other cryptocurrencies. With its strong presale performance and growing community of supporters, Mpeppe is well-positioned to continue its upward trajectory.

Conclusion

As Mpeppe (MPEPE) continues to climb the ranks of top gainers, it’s clear that the cryptocurrency market is always ripe for disruption. While Internet Computer (ICP) remains a strong contender with its long-term vision for a decentralized internet, the rapid rise of Mpeppe is proving that short-term gains are just as attractive to investors.

For those looking to maximize their returns in the current market, Mpeppe represents a golden opportunity. Its innovative approach to online gambling, combined with its strong presale performance, makes it a token worth watching closely. As more Internet Computer (ICP) holders liquidate their positions and move toward Mpeppe, the question remains: will ICP be able to regain its spot as a top gainer, or is Mpeppe here to stay?

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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Uniswap (UNI) Rally Is Picking Up Momentum As Holders Also Purchase Mpeppe (MPEPE) For Explosive Gains

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Uniswap (UNI), one of the leading decentralized exchanges, is gaining significant traction as its recent rally picks up speed. Investors are flocking to Uniswap (UNI) for its innovative platform that allows users to trade a wide variety of cryptocurrencies without intermediaries. As Uniswap (UNI) continues to rally, many holders are also diversifying their portfolios by investing in Mpeppe (MPEPE), a meme coin that has been tipped for explosive growth.

Mpeppe (MPEPE): Tapping into the Power of Memecoins

Mpeppe (MPEPE) is making waves in the cryptocurrency world by leveraging the viral nature of internet memes and popular culture. Memecoins have the ability to spread rapidly across social media and online platforms, attracting attention and increasing adoption. Mpeppe (MPEPE) embodies this concept, offering a unique and light-hearted approach to the often serious world of digital assets. Uniswap (UNI) investors are recognizing the potential of Mpeppe (MPEPE) to capitalize on internet culture and engage a younger, more diverse audience.

Uniswap (UNI) Holders Diversify with Mpeppe (MPEPE) for Bigger Gains

As Uniswap (UNI) continues to rally, many of its holders are looking for new opportunities to amplify their returns. Mpeppe (MPEPE) has emerged as a popular choice for those seeking explosive gains. With its viral appeal and unique branding, Mpeppe (MPEPE) is attracting the attention of Uniswap (UNI) investors who are eager to tap into the growing memecoin trend. By investing in both Uniswap (UNI) and Mpeppe (MPEPE), these investors are positioning themselves to benefit from two very different, yet equally exciting, opportunities.

The Viral Nature of Mpeppe (MPEPE): A Key to Its Growth

Mpeppe (MPEPE) stands out in the cryptocurrency space due to its ability to harness the viral nature of internet culture. Memecoins like Mpeppe (MPEPE) are known for their rapid spread across social media platforms, driven by memes and online trends. This viral potential has allowed Mpeppe (MPEPE) to gain a following quickly, and Uniswap (UNI) investors are taking notice. By tapping into popular culture, Mpeppe (MPEPE) has the ability to attract a broader audience, increasing its reach and adoption.

Uniswap (UNI) and Mpeppe (MPEPE): A Balance of Innovation and Fun

Uniswap (UNI) is renowned for its innovative approach to decentralized finance (DeFi), offering a professional and secure platform for trading digital assets. On the other hand, Mpeppe (MPEPE) provides a light-hearted, humorous take on the crypto market, offering a balance between humor and professionalism. Uniswap (UNI) holders who are looking to diversify their investments are finding that Mpeppe (MPEPE) offers a refreshing contrast to more traditional digital assets, while still presenting significant profit potential.

Conclusion: Uniswap (UNI) and Mpeppe (MPEPE) Offer Explosive Opportunities

As Uniswap (UNI) continues to gain momentum, its holders are looking to Mpeppe (MPEPE) as a way to further boost their returns. With its viral potential and ability to engage a younger audience, Mpeppe (MPEPE) offers explosive growth opportunities for those willing to invest early. Together, Uniswap (UNI) and Mpeppe (MPEPE) present a powerful combination for investors looking to capitalize on both innovation and the excitement of meme culture in the cryptocurrency space.

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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Crypto Analyst See 300% Rally on The Way For Internet Computer (ICP) and Mpeppe (MPEPE)

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As we head deeper into 2024, the cryptocurrency market continues to surprise investors with promising opportunities. Among the most discussed potential breakout tokens are Internet Computer (ICP) and Mpeppe (MPEPE). Both cryptocurrencies have attracted the attention of analysts and investors alike, who predict that these assets could see gains upwards of 300% in the near future.

With Internet Computer (ICP) showcasing renewed strength and Mpeppe gaining traction as a high-potential meme coin, the two tokens are positioned for impressive growth. In this article, we’ll dive into why these two cryptos could be poised for massive rallies, and why now might be the time to jump in before the next wave of gains.

Why Internet Computer (ICP) is Attracting Investor Attention

Internet Computer (ICP) has been steadily gaining momentum in 2024. After experiencing a series of dips in the latter half of 2023, Internet Computer (ICP) began to regain its footing, surging over 12% in the past seven days. With its current price standing at around $8.5, Internet Computer (ICP) has shown resilience, particularly when compared to other Layer-1 blockchain projects. The anticipation for a breakout above the $10 mark is growing, with analysts setting their sights on $11—the resistance level the token struggled to break past in July.

One of the reasons for Internet Computer’s (ICP) growing momentum is the increasing use cases and applications built on its blockchain. As one of the most scalable and decentralized Layer-1 blockchains, Internet Computer (ICP) is designed to enhance the speed, security, and efficiency of decentralized applications (dApps). This has attracted a growing number of developers and users to the ecosystem, contributing to the positive price action in recent weeks.

Moreover, the recent spike in trading volume suggests that the bulls may be gearing up for a major push. ICP’s technical indicators, including the Money Flow Index (MFI) and MACD, are flashing bullish signals, further solidifying predictions of a potential 300% rally. The key levels to watch are the $9 resistance and the $10 psychological barrier, both of which could spark a sharp upward move once breached.

The Mpeppe (MPEPE) Meme Coin Phenomenon

While Internet Computer (ICP) represents the more established side of the crypto world, Mpeppe (MPEPE) is carving out its own niche as a fast-rising meme coin with serious upside potential. Since its introduction to the market, Mpeppe has quickly gained popularity among meme coin enthusiasts and early adopters, with many investors comparing it to the likes of Shiba Inu and PepeCoin.

What makes Mpeppe (MPEPE) particularly interesting is its ability to tap into the meme culture while offering a community-driven project with strong growth potential. The token’s current price sits at $0.0021, and experts predict that it could easily surge past $0.01 once it is fully listed on major exchanges and completes the final stages of its presale.

With 80% of its presale already completed, the excitement surrounding Mpeppe is palpable. As more investors pile in, the token’s low entry price and high upside potential make it a prime target for those looking to secure early gains. Some analysts have even suggested that Mpeppe could follow in the footsteps of other successful meme coins and deliver 300% or more in returns within the next year.

3 Reasons Why Both Tokens Could Surge in 2024

Here are three key reasons why both Internet Computer (ICP) and Mpeppe (MPEPE) are likely to see significant rallies in 2024:

1. Growing Developer Interest and Use Cases for ICP

Internet Computer (ICP) continues to attract attention due to its ability to support scalable and efficient decentralized applications. As more projects choose Internet Computer (ICP) as their platform of choice, the increased network activity will drive demand for the token, pushing its price higher. With major updates and new partnerships on the horizon, the momentum is expected to carry forward into 2024.

2. Mpeppe’s Growing Community and Viral Appeal

Mpeppe (MPEPE) benefits from its strong meme coin appeal and growing community support. In the world of meme coins, a dedicated community is often the key driver of price appreciation. As Mpeppe nears the completion of its presale and prepares for exchange listings, the viral nature of the project could propel it to new heights, delivering massive returns for early investors.

3. Whale Activity and Bullish Technical Indicators

Whale activity has been increasing for both tokens. Large investors have been steadily accumulating Internet Computer (ICP) and Mpeppe, which often signals that a big price move is on the horizon. Additionally, bullish technical indicators such as the MACD crossover for Internet Computer (ICP) and the rising social sentiment for Mpeppe suggest that both assets are poised for strong upward momentum.

Conclusion: Is Now the Time to Invest?

As we move through the final months of 2024, both Internet Computer (ICP) and Mpeppe (MPEPE) offer compelling opportunities for investors. ICP is gaining traction thanks to its robust blockchain ecosystem and improving technical indicators, while Mpeppe is drawing attention as a potential breakout meme coin with significant upside.

For those looking to diversify their portfolios with a mix of established and emerging tokens, both ICP and Mpeppe should be on the radar. With the possibility of 300% gains on the horizon, now might be the perfect time to consider investing in these two exciting assets.

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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