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PEPU & MPEPE: Two ICOs With Massive Community Support and Profits
The world of cryptocurrency is no stranger to the explosive growth of meme coins, where community-driven projects can skyrocket in value seemingly overnight. Two such projects, Pepe Unchained (PEPU) and Mpeppe (MPEPE), have recently garnered significant attention, not just for their meme-based appeal but also for their strong community backing and potential for substantial profits.
The Rise of Pepe Unchained: A Meme Coin Revolution
Pepe Unchained, or PEPU, has quickly become a standout in the meme coin sector. Since its launch, PEPU has raised over $9.6 million in its presale, a staggering 4,700% increase in capital in just two months. This incredible growth comes at a time when the broader crypto market has seen a decline, shedding off $265 billion in value. Yet, PEPU continues to defy the odds, proving its resilience and the strong belief investors have in its potential.
PEPU’s success is largely attributed to its innovative approach to solving the issues faced by its predecessor, Pepecoin (PEPE). While PEPE remains a popular meme coin, it has been hindered by the limitations of Ethereum’s Layer 1 blockchain, leading to high gas fees and slow transaction times. Pepe Unchained (PEPU) addresses these issues with its Layer 2 solution, designed to make transactions faster and more affordable, thereby enhancing the overall user experience.
Mpeppe: The Rising Star in the Meme Coin Arena
While PEPU has been making waves, another meme coin, Mpeppe (MPEPE), has also been gaining traction. Currently priced at $0.001777, Mpeppe (MPEPE) is quickly becoming a favorite among investors who are looking for the next big thing in the meme coin space. With its smart contract address at 0xd328a1C97e9b6b3Afd42eAf535bcB55A85cDcA7B, Mpeppe (MPEPE) is positioned as a strong contender in the market, offering investors a chance to get in early on a project with significant growth potential.
The appeal of Mpeppe (MPEPE) lies in its unique blend of community engagement and innovative features. As more investors flock to Mpeppe (MPEPE), the coin’s value is expected to rise, mirroring the success of other meme coins that have seen exponential growth in the past. The combination of a strong community, an active development team, and strategic marketing efforts makes Mpeppe (MPEPE) a compelling investment opportunity.
Community Support: The Backbone of PEPU and MPEPE
One of the key factors driving the success of both PEPU and Mpeppe (MPEPE) is the unwavering support from their respective communities. In the world of meme coins, community engagement is crucial. A dedicated community can propel a coin from obscurity to mainstream success in a matter of days. Both PEPU and Mpeppe (MPEPE) have fostered vibrant communities that are passionate about the projects and are actively involved in promoting and supporting their growth.
For PEPU, the community’s enthusiasm is evident in the rapid pace of its presale. As it approaches the $10 million mark, the momentum behind PEPU shows no signs of slowing down. Similarly, MPEPE’s community is growing steadily, with more investors recognizing the potential for significant returns. This strong community backing is not only a testament to the appeal of these projects but also a crucial element in their ongoing success.
The Profit Potential: Why Investors Are Flocking to PEPU and MPEPE
Investors are always on the lookout for opportunities that offer high returns, and both PEPU and Mpeppe (MPEPE) are poised to deliver. With PEPU forecasted to potentially reach $0.5572 by the end of 2024, a $1,000 investment at its current presale rate could turn into $60,567 in just a few months. These projections have fueled a surge in demand, with many investors eager to capitalize on the expected price increases.
Mpeppe (MPEPE), on the other hand, offers a unique opportunity to get in at a low price point with the potential for massive gains. As the coin continues to gain traction, early investors stand to benefit significantly as the project grows and attracts more attention.
Conclusion: A Bright Future for PEPU and MPEPE
The success of Pepe Unchained (PEPU) and Mpeppe (MPEPE) is a clear indication of the power of community support and the potential for substantial profits in the meme coin space. With innovative solutions, strong community backing, and promising forecasts, both PEPU and Mpeppe (MPEPE) are well-positioned to become major players in the cryptocurrency market. As these projects continue to grow, investors who get in early could see significant returns, making PEPU and MPEPE two of the most exciting ICOs to watch in 2024.
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A hidden Bullish Divergence pattern has just been identified on the Dogecoin price chart, signaling possibilities of a significant uptrend. With this new technical pattern, a crypto analyst has projected a target of $0.7 for the Dogecoin price.
Bullish Divergence Hint At Dogecoin Price Surge
On November 20, crypto analyst Trader Tardigrade on X (formerly Twitter) announced the appearance of a hidden bullish divergence on the Dogecoin 4-hour Relative Strength Index (RSI) chart. Based on this unique technical indicator, the analyst’s Dogecoin price analysis suggests that the meme coin may be gearing up for a significant rally to the upside.
Typically, an RSI hidden bullish divergence occurs when the price of a cryptocurrency forms higher lows while its RSI forms lower lows. This indicates that despite Dogecoin’s RSI showcasing declining momentum, its price is still maintaining strength, suggesting a higher potential for an uptrend continuation.
Recently, the Dogecoin price has been on a major bullish run, as it skyrocketed from above $0.1 to over $0.35 in just a few weeks. This impressive rally has allowed the popular meme coin to test the $0.4 resistance level, a critical threshold that could trigger a significant rally for the Dogecoin price.
Based on Trader Tardigrade’s Dogecoin chart, the RSI Hidden Bullish Divergence can be seen forming at around the $0.37 price level. The analyst has set a bullish target at $0.7 for Dogecoin, highlighting a steady but continuous growth from its current price if it can maintain positive momentum.
As of writing, the price of Dogecoin is trading at $0.38, marking a 165.19% surge over the past month, according to CoinMarketCap. Despite repeatedly failing to break the $0.4 threshold, Dogecoin could see an 84.2% price increase from its current value if the projected positive growth driven by the Hidden Bullish Divergence holds valid. This would effectively push the meme coin close to or even above it’s All-Time High (ATH) of $0.73 in May 2021 during the last bull market.
DOGE Targets New ATH
In another X post, crypto analyst, Steph, has maintained an optimistic outlook on the Dogecoin price. According to Steph, Dogecoin could be gearing up for a new ATH this bull cycle.
The analyst shared a 2-year Dogecoin price chart, pinpointing a bullish target between $1.4 and $1.8 for the meme coin. Following the target’s position on the Dogecoin chart, the analyst suggests that this ATH rally could either take place before the end of 2024 or in 2025.
Based on current market trends, this massive price surge to a new ATH could be potentially driven by Elon Musk’s influence through his newly proposed organization, the Department of Government Efficiency (D.O.G.E). Additionally, Donald Trump’s upcoming inauguration as the 47th United States (US) President could also serve as a strong catalyst that could propel the Dogecoin price higher.
XRP price shot up 26% in hours as the US SEC Chair Gary Gensler announced his resignation. Ripple’s native token XRP hit a high of $1.43, the levels last seen during the 2021 bull run. Crypto market analyst predicts the continuation of the rally all the way to $2 following a bullish pattern breakout. The news of pro-crypto Paul Atkins replacing Gensler as SEC Chair could fuel the XRP rally further.
XRP Price Rally to $2 Coming?
Following the resignation announcement by SEC Chair Gary Gensler, the XRP bulls have charged in leading to another 26% price rally. Gensler’s last day at the office will be January 20, 2025, the same day when President-elect Donald Trump takes charge at the White House. It is clear that the XRP community sees Gensler’s resignation as positive, following the tough four-year legal battle in the Ripple lawsuit.
Crypto market analyst Ali Martinez believes that this rally will continue to $2. Martinez suggested that Gensler leaving the SEC would mark a significant turning point for Ripple, potentially easing regulatory pressures on the company.
“Gary Gensler leaving the SEC is the best thing that could happen to Ripple,” Martinez stated. He further added that XRP price could now set its sights on a $2 target, amid the fresh breakout from the flag-and-pole pattern.
Crypto analyst CrediBULL Crypto highlighted that XRP’s monthly Relative Strength Index (RSI) is on the verge of entering overbought territory for the first time in three years. “XRP/ETH just reclaimed and retested a 4 year long range, with the first target being ~250% higher,” he added.
Paul Atkins to Replace US SEC Chair Gary Gensler?
As Gary Gensler puts his resignation, the biggest question in everyone’s mind is whom will Donald Trump appoint as the next SEC Chair? Fox Business reported that former SEC Commissioner Paul Atkins is the front-runner to succeed Gary Gensler.
Paul Atkins is popular for his free-market regulatory approach and pro-crypto stance. He has also garnered strong support from the business community and the digital asset industry. His appointment could also open the gates for the spot XRP ETF by 2025.
21Shares, Canary Capital, and Bitwise have already filed with the US SEC for the XRP ETF in the last two months. The arrival of this investment product could fuel institutional interest in XRP.
Gary Gensler’s decision not to complete his term at the SEC has been met with widespread approval from the business sector, which has been critical of his regulatory approach. The narrative towards the end of Ripple vs SEC lawsuit now looked more obvious.
As of press time, the XRP price is trading 26% up at $1.40 with a market cap of $80 billion. As per the Coinglass data, the open interest in XRP has shot up 35% to $2.47 billion. In the last 24 hours, $25.64 million worth of XRP positions were liquidated with $14 million in short liquidations and $11.62 million in long liquidations.
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.
Solana has once again caught the attention of market participants as it hit a new ATH on Friday. Notably, SOL witnesses a sustained rally against the backdrop of massive whale accumulations. Now, as the crypto is noting a buying pressure amid the bull market, market watchers anticipate further gains in the crypto ahead.
Solana Hits New ATH Amid Massive Whale Buying
According to data by Lookonchain on November 22, whales continue to accumulate Solana amid its upside movement to a new ATH. According to the data, a fresh wallet was recorded accumulating 42,443 SOL, worth $11.14 million, from Binance over the past two days. This accumulation was made by the wallet address “Au1VJ…q8hF8”, per Solscan’s data.
Simultaneously, another massive accumulation recorded over the past day has weighed the scales toward the bullish side of the asset. Lookonchain revealed that a whale bagged 100K SOL, worth $23.86 million, and staked it over the last two days. Notably, Solscan’s data showed this whale address as 7L1HBfMH.., while the whale’s SOL holdings totaled $55.58 million.
Overall, these accumulations, underscoring increased buying pressure on the asset, birthed significant market optimism on future price movements. For context, large-scale investors’ accumulations signaled heightened market confidence in the asset’s potential to offer gains ahead.
Moreover, with the soaring odds of a Solana ETF further weighing in, the current market sentiment for one of the leading crypto by market cap remains highly bullish. A recent CoinGape Media report further revealed that the SEC has now started engaging with the SOL ETF issuers regarding the filed S-1 registration statements. Besides, Bitwise has also filed for Solana ETF recently, further fueling market interest.
Coin Price Gians 8% Breaking ATH
SOL price today witnessed gains worth 8% intraday and was trading at $262.51 at the time of reporting. The coin’s 24-hour low was $237.33, whereas the current price level marked a new ATH. Notably, the weekly chart illustrated a 26% pump for the coin, followed by a monthly upswing of 59%. This bullish movement falls in line with massive buying pressure on the asset, as seen by the abovementioned whale transactions.
Simultaneously, Coinglass data indicated that the coin’s futures OI surged 15% to $6.01 billion. Moreover, the derivatives volume noted a 61% uptick to $19.03 billion. Overall, this stat indicated a burgeoning market interest in the asset, further paving an optimistic path for future price movements.
Also, a recent Solana price analysis by CoinGape Media pointed out that the coin eyes a $5,000 price target as it has already noted a significant surge from its 2023 lows. Crypto market watchers continue to monitor the token for further price action shifts in light of the abovementioned statistics.
Coingape Staff
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.
Hidden Bullish Divergence Appears On Dogecoin Price Chart, Here’s What To Expect Next
Dogecoin (DOGE) Shows Renewed Energy: Rally Incoming?
XRP Price Rally to $2 As Paul Atkins Leads to Replace US SEC Chair Gary Gensler
Solana Hits New All-Time High After 3 Years
Bitcoin’s Put-to-Call Ratio Tops 1.0: Bearish Signs Ahead?
Solana Hits New ATH On Huge Whale Accumulation, More Gains Ahead?
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
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