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Render Whales Add New Render-Like Cryptocurrency Priced $0.00177

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3 months ago

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As we move into the fourth quarter of 2024, seasoned investors in Render (RNDR) have started to turn their attention towards a new and promising cryptocurrency—Mpeppe (MPEPE). With over 90% of its tokens already sold, Mpeppe (MPEPE) is rapidly gaining traction among those who recognize its potential for massive returns. Here’s why this new cryptocurrency is capturing the interest of Render (RNDR) whales.

Render (RNDR): Current Market Sentiment and Future Potential

Render (RNDR), a leading player in the decentralized AI and rendering space, has experienced a challenging market phase over the past month. The token saw a 15% decline in value, dropping from $5.07 to lower levels, before slightly recovering. Despite this downturn, major investment firms like Grayscale have shown renewed interest in Render (RNDR), increasing their holdings by 0.83%. This move signals growing confidence in Render’s long-term potential, particularly as the demand for decentralized AI solutions continues to rise.

Analysts are optimistic about Render’s (RNDR) prospects in Q4 2024, with expectations that the token could recover and potentially deliver significant profits to investors. The recent increase in whale activity further strengthens the belief that Render (RNDR) is a solid investment for the upcoming months.

Mpeppe (MPEPE): The New Cryptocurrency Drawing Attention

While Render (RNDR) continues to solidify its position in the AI industry, Mpeppe (MPEPE) is emerging as a strong contender in the cryptocurrency market. Currently priced at $0.00177 per token, Mpeppe (MPEPE) has already sold 90.94% of its total supply in its presale stages, raising over $1.58 million. This rapid sellout indicates strong demand and investor confidence in the project’s potential.

Mpeppe (MPEPE) is being compared to Render (RNDR) for its potential to deliver high returns, particularly for those who invest early. As the token prepares to enter its next phase, where the price will increase to $0.0021, investors are scrambling to secure their positions before it’s too late.

Why Mpeppe (MPEPE) Is Attracting Render (RNDR) Investors

The appeal of Mpeppe (MPEPE) lies in its strong market fundamentals and the opportunity for exponential growth. Like Render (RNDR), Mpeppe (MPEPE) is designed to capitalize on emerging trends in the crypto space, particularly in the gambling sector, which is poised for significant expansion.

Render (RNDR) whales, who have profited from the token’s performance in the decentralized AI industry, are now looking to diversify their portfolios with Mpeppe (MPEPE). The low entry price and the potential for a 100x return make Mpeppe (MPEPE) an attractive investment, especially as the token nears the end of its presale with only 140,543,607 tokens remaining.

Analysts’ Insights: The Promising Q4 Outlook

As we approach the final quarter of 2024, analysts are keeping a close watch on ERC20 tokens like Render (RNDR), Mantle, and Raboo, which are expected to perform well. Despite the recent price drops, the increased interest from institutional investors suggests that Render (RNDR) could see a significant rebound. Grayscale’s involvement, in particular, is seen as a positive indicator of Render’s (RNDR) future prospects.

Meanwhile, Mpeppe (MPEPE) is positioned to capitalize on this momentum. As Render (RNDR) investors begin to explore new opportunities, Mpeppe (MPEPE) stands out as a viable option with its strong presale performance and potential for high returns. The token’s growing popularity among whale investors further reinforces its credibility in the market.

Conclusion: The Strategic Move for Investors

For investors in Render (RNDR), diversifying into Mpeppe (MPEPE) offers a strategic opportunity to maximize returns. The upcoming price increase for Mpeppe (MPEPE) tokens and the limited supply make it a compelling choice for those looking to get in early on a promising new cryptocurrency.

As Q4 2024 unfolds, both Render (RNDR) and Mpeppe (MPEPE) are expected to draw significant attention from the crypto community. Whether you’re a seasoned Render (RNDR) investor or new to the market, adding Mpeppe (MPEPE) to your portfolio could be a smart move to boost your profits in the months ahead.

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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Trader Says Telegram Gaming Token Primed To Rally by Nearly 100%, Updates Outlook on Ethereum and Dogecoin

Published

2 weeks ago

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November 8, 2024

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A popular crypto strategist is suddenly flipping bullish on an altcoin connected to a viral game on the encrypted messaging platform Telegram.

Analyst Ali Martinez tells his 77,300 followers on the social media platform X that Notcoin (NOT) could soar 100% from its current value.

“Notcoin is showing a promising risk-to-reward setup. With a falling wedge pattern forming, it could be primed for a bullish breakout toward $0.012!”

Image
Source: Ali Martinez/X

A falling wedge breakout is a technical analysis pattern that is used to identify bullish reversals in an asset’s price. The pattern is characterized by a series of lower highs and lower lows that form a wedge-shaped pattern on the chart.

As the pattern progresses, the distance between the highs and lows decreases, which indicates that the selling pressure is weakening. When price breaks out of the upper trend line of the wedge, it’s traditionally considered bullish.

NOT is trading for $0.006 at time of writing, up 7.9% in the last 24 hours.

The analyst is also bullish on Ethereum (ETH), suggesting it could soon hit $6,000.

“The risk-to-reward ratio on Ethereum is too good to pass up for a long position! I’ve set my stop below $1,880 and am aiming for a target of $6,000.”

Image
Source: Ali Martinez/X

Looking at his chart, the analyst suggests ETH is holding the bottom trend line of the ascending channel as support and could soon re-test the upper bound at around $6,100.

Next up, the analyst suggests that Dogecoin (DOGE) may see an explosive rally, in part, due to billionaire Elon Musk. Musk, one of the memecoin’s most famous supporters, is now close to US President-elect Donald Trump, after playing a role in his election.

The analyst also believes DOGE may repeat a historic pattern based on Fibonacci extensions, which traders use in technical analysis to estimate profit targets and price pullbacks. They are based on Fibonacci ratios.

“With Elon Musk now influencing the 47th President, Donald Trump, Dogecoin could be primed for a wild ride! In past bull cycles, once DOGE broke the 0.50 Fibonacci retracement, it often rallied to the 1.618 or even 2.272 Fib levels. If history repeats, we could see DOGE hit somewhere between $4 and $23!

Image
Source: Ali Martinez/X

Dogecoin is trading for $0.1969 at time of writing, up 15% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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PONKE Price Skyrockets 19% On Binance Support, What’s Next?

Published

3 weeks ago

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November 4, 2024

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The Solana meme coin Ponke (PONKE) saw its price soar by 19% following Binance’s announcement of a USDⓈ-Margined PONKEUSDT Perpetual Contract. Set to launch on November 4, 2024, this contract offers users up to 75x leverage, signaling increased opportunities for traders and heightened optimism among PONKE supporters.

PONKE Price Rockets Amid Major Binance Support

According to Binance’s official announcement, the PONKEUSDT perpetual contract will go live on November 4 at 12:30 UTC, providing traders with 75x leverage and 24/7 trading. Key features include a tick size of 0.00001 and a capped funding rate of ±2.00%, with funding fees settled every four hours. Binance’s Multi-Assets Mode further allows users to utilize BTC as collateral, offering flexibility in margin trading. However, the exchange may adjust contract specifications, such as funding fees, leverage, and tick size, based on evolving market conditions, ensuring the asset aligns with market risk levels.

PONKE, built on Solana, benefits from the blockchain’s high-speed and low-cost transactions, catering to online traders and gaming enthusiasts. The coin’s community-driven design, distinct tokenomics, and accessibility through major exchanges contribute to its market appeal. Its #ponkyarmy community is particularly active, with governance roles and a dedicated social media presence that drive further engagement and growth.

Will The Rally Sustain?

Following the Binance listing news, PONKE’s price surged by 19%, currently trading at $0.49, with a 24-hour low of $0.43 and a high of $0.56. Its trading volume climbed to $77 million in the last 24 hours, indicating heightened interest. PONKE, with a market cap of $274 million, continues to capture the attention of meme coin enthusiasts. Besides, recent Coinglass data also highlights increased open interest for PONKE, signaling optimism for further gains.

PONKE Price Skyrockets 19% On Binance Support, What's Next?PONKE Price Skyrockets 19% On Binance Support, What's Next?

Launched in late 2023 with a total supply of 555 million tokens, PONKE has already achieved an all-time high of $0.70 four months ago. Its deflationary burn mechanism and community-driven features have positioned PONKE uniquely within the Solana ecosystem, drawing both meme coin fans and investors seeking growth in Solana-based assets.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

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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Crypto Market Awaits FOMC; How Will US Fed Rate Cut Impact Bitcoin & Altcoins?

Published

3 weeks ago

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November 3, 2024

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The crypto market eagerly awaits the upcoming FOMC interest-rate decision by the US Federal Reserve this week. It is one of the highly anticipated events this week, which is expected to shape the sentiments in the digital assets space, potentially setting the path for Bitcoin and other altcoins. Although the market is anticipating a dovish stance by the central bank, any other move could trigger a selling pressure in the market.

Crypto Market Enters Crucial Week With FOMC In Focus

The crypto market enters a crucial week with a flurry of events scheduled that could shape the future of digital assets. Among these, the market participants are eagerly waiting for the upcoming FOMC for cues over the central bank’s stance on their monetary stimulus plans.

Notably, concerns mounted over the past few days over a potential pause in the US Fed’s rate cut plans, especially with the economic data weighing on traders’ sentiment. However, the latest US Job report appears to have shrugged off concerns, while cementing bets towards a 25 bps Fed rate cut next week.

The latest Job data showed weaker job creation in the US in October, with the unemployment rate remaining unchanged from September. This has fueled hopes of two more rate cuts this year, one being in next week and the other in December. According to the CME FedWatch Tool, there is about a 99% chance of a 0.25% point cut in November.

CME FedWatch Tool Crypto MarketCME FedWatch Tool Crypto Market
Source: CME FedWatch Tool

This has also sparked investors’ hopes towards a potential rally for Bitcoin price and other top altcoins. Usually, the lower interest rates raise the risk-bet appetite of investors, potentially benefiting digital assets, stocks, gold, and other risker assets.

Will Bitcoin And Altcoins Rally?

The crypto market participants are anticipating the upcoming FOMC to trigger a rally in Bitcoin and altcoin prices. Besides, the US Presidential Election, scheduled for November 5, will also play a key role in shaping the future of the broader financial markets, let alone the digital assets space.

Notably, the market is anticipating a potential upward momentum for crypto, irrespective of Donald Trump or Kamala Harris’s victory. Although the market anticipates Donald Trump’s win to provide more boost to the crypto market, a recent Bitcoin price analysis suggests that Kamala Harris’s victory could also propel a market rally.

On the other hand, historically, Bitcoin tends to showcase a positive performance in the fourth quarter of the year. Having said that, the market anticipates a similar performance in 2024, while many expect the other altcoins to follow suit.

However, many in the crypto community also warned over potential volatility in the market due to the upcoming US election. Considering that, the investors should exercise due diligence while putting their bets into the assets.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

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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