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XRP Whale Investors Discover New Gambling Token To Gain New Profits

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2 months ago

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Este artículo también está disponible en español.

The world of meme tokens is a dynamic one, where investors are constantly on the lookout for the next big opportunity. In recent developments, investors in Ripple (XRP) have started doubling down on a new cryptocurrency that is positioned to deliver significant returns: Mpeppe (MPEPE). This strategic shift is driven by the potential that Mpeppe (MPEPE) holds, promising high staking rewards and a robust future in the rapidly evolving crypto casino space.

XRP Investors Look For Alternatives

Ripple (XRP) has been a well-known player in the utility coin market, but recent price movements have caused concern among its investors. The XRP price has increased by over 2% within the last 24 hours, trading at $0.5713, as of early September. However, This increase has not overshadowed Xrp’s negative streak over the past week, with the token now down by 2.6%. The price currently rests on a critical support level with technical indicators suggesting that it may continue to decline.

These price drops have left many Xrp holders searching for new investment opportunities, particularly those that offer higher potential returns. This has led to an increased interest in Mpeppe (MPEPE), a new cryptocurrency that has been making waves in the market.

The Appeal of Mpeppe (MPEPE)

Mpeppe (MPEPE) has quickly caught the attention of investors due to its innovative approach and the potential for exponential growth. Unlike many other meme coins that rely heavily on community hype, Mpeppe offers a unique blend of utility, entertainment, and financial rewards. Its focus on decentralized finance (DeFi) and gambling, combined with a lucrative staking mechanism, has made it an attractive option for those looking to diversify their crypto portfolios.

The recent presale stages of Mpeppe have been met with significant investor enthusiasm, highlighting the growing confidence in the project’s future. Many XRP investors have started to allocate a portion of their holdings into Mpeppe, seeing it as a promising alternative that could potentially deliver 100X returns.

XRP Struggles Amid Rising Competition

Ripple (XRP) has faced several challenges recently, particularly with the market’s reaction to its price fluctuations. The bearish trend observed in XRP’s price, combined with the declining interest from traders, has put the token under pressure. Indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest that XRP’s bearish momentum could continue, leading more investors to explore new opportunities.

While XRP remains a popular Utility coin with a dedicated community, the recent market conditions have prompted investors to reassess their strategies. The shift towards Mpeppe (MPEPE) is not just a response to XRP’s struggles but also a recognition of the new token’s potential to dominate the market.

Why Mpeppe (MPEPE) Could Be the Next Big Thing

Mpeppe (MPEPE) is well-positioned to capitalize on the current market dynamics. Its unique value proposition, combining DeFi and gambling with high staking rewards, sets it apart from other meme coins. This innovative approach has resonated with investors who are eager to see significant returns on their investments.

As Mpeppe continues to gain traction, it’s becoming clear that it could challenge the dominance of established coins like XRP. With its growing community, successful presale stages, and the potential for massive returns, Mpeppe (MPEPE) is emerging as a strong contender in the cryptocurrency market.

Conclusion

The shift in investment from Ripple (XRP) to Mpeppe (MPEPE) reflects the evolving landscape of the meme token market. While XRP faces challenges, Mpeppe is rising as a new opportunity for investors seeking high returns. With its innovative approach and the backing of a growing number of investors, Mpeppe (MPEPE) is positioned to become a major player in the world of cryptocurrencies. As the market continues to evolve, Mpeppe could very well be the next token to deliver significant gains for early adopters.

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

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?

Published

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

on

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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