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Toncoin Holders Add More TON & Mpeppe (MPEPE) For September Rally, Investors Watch Closely

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1 month ago

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As the cryptocurrency market prepares for a potential rally in September, Toncoin (TON) holders are positioning themselves for big gains. With Toncoin (TON) showing signs of strength, many investors are adding more Toncoin (TON) to their portfolios, while also diversifying into new projects like Mpeppe (MPEPE). This strategy reflects growing confidence in both the established TON ecosystem and the emerging opportunities offered by Mpeppe (MPEPE). Here’s why investors are watching these two tokens closely as the next market surge approaches.

Toncoin (TON) Gains Momentum Ahead of September

Toncoin (TON) has been steadily gaining attention in the crypto space for its focus on scalability and decentralized solutions. As a blockchain platform designed to support a wide range of decentralized applications (dApps) and services, Toncoin (TON) is positioning itself as a leader in the Web3 ecosystem. Its fast transaction speeds, low fees, and robust security features make it an attractive choice for developers and investors alike.

Ahead of September, Toncoin (TON)’s market performance is being closely monitored by investors. With a potential rally on the horizon, many are adding more TON to their holdings, anticipating that the token will see significant upward movement. This bullish sentiment is driven by Toncoin’s expanding use cases and growing adoption in various sectors.

Mpeppe (MPEPE): The New Memecoin with DeFi Potential

While Toncoin (TON) is well-established, Mpeppe (MPEPE) is emerging as a standout project in the memecoin space. Unlike traditional memecoins that rely solely on market speculation, Mpeppe (MPEPE) offers real utility through its integration with decentralized finance (DeFi) protocols. By offering features like yield farming, liquidity mining, and decentralized governance, Mpeppe (MPEPE) gives its community the tools to engage in financial activities while benefiting from the viral nature of meme culture.

With a strong presale performance and growing community interest, Mpeppe (MPEPE) is becoming a favorite among investors looking for the next big opportunity. Its combination of humor, professionalism, and DeFi utility makes it a promising project that could see substantial growth, particularly as more investors flock to the memecoin sector.

Why Investors Are Watching TON and Mpeppe (MPEPE) for the September Rally

Toncoin (TON) and Mpeppe (MPEPE) are gaining attention due to their strong fundamentals, diversification opportunities, and growing communities. Toncoin (TON)’s focus on scalability and decentralized applications makes it a strong contender in the blockchain space, while Mpeppe (MPEPE)’s integration of DeFi features adds utility to the memecoin market. Mpeppe (MPEPE)’s DeFi features allow investors to earn rewards through staking and liquidity provision, making it more than just a short-term play. Both tokens have a developer-friendly ecosystem, while their blend of meme culture and decentralized finance is building a loyal following, driving price appreciation.

The Potential Impact of a September Market Rally

As September approaches, market analysts are predicting a possible rally for certain cryptocurrencies. Toncoin (TON) and Mpeppe (MPEPE) are two projects that could benefit from this upward momentum. If the market experiences a surge, both Toncoin (TON) and MPEPE are well-positioned to capitalize on the growing demand for scalable blockchain solutions and meme-driven DeFi projects.

Toncoin (TON)’s solid infrastructure and expanding ecosystem make it an attractive option for long-term investors, while Mpeppe (MPEPE)’s innovative approach to memecoins provides a high-reward opportunity for those looking to diversify.

Conclusion: Toncoin and Mpeppe (MPEPE), the Tokens to Watch in September

Toncoin (TON) and Mpeppe (MPEPE) are two tokens with potential for growth due to their strong fundamentals and scalability, respectively. They offer significant upside potential due to their DeFi integration and meme-driven marketing. Investors seeking a long-term blockchain project or high-reward memecoin should watch these tokens as the market prepares for a bullish run.

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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1 day 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?

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4 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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