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$12.5M Pepecoin Whale Enters New PEPE Rival Priced $0.00177, Here’s Why

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3 months ago

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Significant moves by large crypto investors often signal the emergence of new opportunities. Recently, a Pepecoin (PEPE) whale made a notable strategic move, investing $12.5 million into a new rival cryptocurrency, Mpeppe (MPEPE), which is currently priced at just $0.00177 per token. This decision has sparked interest across the crypto community, raising questions about what makes Mpeppe (MPEPE) the next big thing in the market.

Pepecoin’s Meteoric Rise and Current Position

Pepecoin (PEPE) has been one of the most talked-about meme coins in the crypto space, known for its volatility and the potential for high returns. Over the past year, PEPE has captured the imagination of investors with its meme-driven marketing and significant price swings. However, as the market evolves, even the most successful projects face new challengers.

While Pepecoin (PEPE) has enjoyed a period of strong performance, with analysts predicting further gains, it has also reached a point where diversification becomes crucial for large holders. This is where Mpeppe (MPEPE) comes into play, offering a fresh opportunity with substantial upside potential.

The Strategic Move into Mpeppe (MPEPE)

The whale’s decision to invest heavily in Mpeppe (MPEPE) is not just a random act of diversification but a calculated move to capitalize on the potential of a promising new entrant in the meme coin arena. Priced at $0.00177, Mpeppe is still in its early stages, making it an attractive option for investors looking to get in on the ground floor before a potential price surge.

Mpeppe (MPEPE) is not just another meme coin; it’s designed to be a serious contender in the space, with a strong focus on community engagement and viral marketing, much like its predecessor, Pepecoin (PEPE). The project has been gaining traction in recent weeks, with its presale already surpassing expectations. This early success, combined with the backing of a significant Pepecoin (PEPE) whale, suggests that Mpeppe is poised for substantial growth.

Why Mpeppe (MPEPE) Stands Out

Mpeppe (MPEPE) distinguishes itself from other meme coins with its unique approach to building a community-driven ecosystem. The project has been strategically marketed to attract a broad audience, leveraging the viral nature of internet culture, much like Pepecoin (PEPE). However, Mpeppe aims to go beyond just being a meme coin; it seeks to establish a sustainable model where community involvement and token utility drive long-term value.

The current price of $0.00177 presents a low entry point for investors, especially those who are accustomed to the rapid price movements seen in the meme coin sector. With the presale progressing rapidly and the price expected to rise as the token gains more visibility, early investors in Mpeppe could see significant returns.

The Competitive Edge: Mpeppe vs. Pepecoin

While Pepecoin (PEPE) has carved out a niche for itself, Mpeppe is positioning itself as the next big player with the potential to deliver even greater returns. The whale’s investment in Mpeppe is a strong signal of confidence in the project’s ability to rival, and possibly surpass, Pepecoin’s success.

Investors are drawn to Mpeppe for its potential to replicate the success of Pepecoin (PEPE) while offering the additional advantage of being a newer project with room to grow. The parallels between the two coins are clear, but Mpeppe’s focus on creating a sustainable, community-driven model could give it the edge needed to capture a significant share of the market.

The Road Ahead for Mpeppe (MPEPE)

As Mpeppe (MPEPE) continues to gain momentum, the next few months will be critical in determining its place in the cryptocurrency landscape. The $12.5 million investment by a Pepecoin (PEPE) whale is just the beginning; as more investors take notice, the demand for Mpeppe is likely to increase, driving up its price and solidifying its position as a top contender in the meme coin space.

For those looking to diversify their portfolios with a high-potential, low-entry-point investment, Mpeppe (MPEPE) offers a compelling opportunity. With its strategic marketing, strong community focus, and the backing of significant investors, Mpeppe is well on its way to becoming the next big success story in the world of cryptocurrency.

In conclusion, the entry of a Pepecoin (PEPE) whale into Mpeppe signals the start of what could be a major shift in the meme coin market. As Mpeppe prepares to make its debut on major exchanges, early investors stand to benefit from its growth potential, making it a must-watch in 2024.

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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XRP Price To $28: Wave Analysis Reveals When It Will Reach Double-Digits

Published

7 hours ago

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November 23, 2024

By


Crypto analyst Behdark has predicted that the XRP price can reach $28. This prediction follows his Elliot Wave theory analysis, which also showed when the crypto will reach this double-digit price target. 

When XRP Price Will Reach Double Digits

In a TradingView post, Behdark’s Elliot Wave theory analysis showed that the XRP price can reach double digits by 2026. The analyst’s accompanying chart showed that the first double digits target for XRP will be $15, after which the crypto could eventually rally to $28. Behdark also provided more insights into XRP’s current price action and why this rally could happen. 

XRP Price 1
Source: X

First, the analyst mentioned that the XRP price looks to be currently within a running triangle. In line with this, Behdark remarked that wave D might complete its movement by hunting the all-time high (ATH) at $3.84. He mentioned that there could be a price correction for wave E afterward. 

Once that XRP price correction happens, Behdrak predicts the next move will be the post-pattern movement targeting a level above $15. This is where the price target of $28 comes into the picture, as the analyst’s accompanying chart shows it is a feasible target for the crypto, although it might not happen in this market cycle. 

An XRP price rally to $28 would mean that the crypto would have a market cap of $2.8 trillion. However, Behdrak suggested that this was still feasible. He noted that his focus was on chart analysis and not fundamentals, even though fundamentals are reflected in the chart itself. 

Meanwhile, the analyst told market participants that if a clear and identifiable pattern emerges when the XRP price reaches wave E of the triangle, they could position themselves for the main move to double digits. 

A Confirmation Of This Double Digit Target

Crypto analyst Dark Defender also recently shared an Elliot Wave theory analysis, which showed that the XRP price could indeed reach double digits. Specifically, the analyst’s accompanying chart showed that XRP could rally as high as $18 when the wave 5 impulsive move occurs. 

XRP Price 2
Source: X

Interestingly, unlike Behdark’s chart, which showed that the rally to double digits would happen in 2026, Dark Defender’s chart showed that the rally to $18 could happen as early as mid-2025. Meanwhile, the analyst said that the XRP price is currently in the third wave, with the crypto expected to rally to $5 when this next impulsive move occurs. 

Afterward, the XRP price is expected to witness a corrective move that will cause it to drop to as low as $4. The next impulsive move after this could send XRP to the $18 target. 

At the time of writing, the XRP price is trading at around $1.55, up over 10% in the last 24 hours, according to data from CoinMarketCap. 

XRP price chart from Tradingview.com
Token price moves above $1 | Source: XRPUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com



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Crypto Trader Records $2.5M Profit With This Token, Here’s All

Published

12 hours ago

on

November 23, 2024

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A crypto trader made a $2.5M profit today by turning 13 SOL into 9,718 SOL through trading 76.46M FATHA tokens. The trader bought the tokens on Pump.fun, capitalizing on a rapid increase in FATHA’s market cap, which surged to over $60M. The trader sold the tokens at the peak, realizing a 750x return.

Trader Makes $2.5M Profit Trading FATHA Token

The crypto trader turned 13 SOL (around $3.3K) into 9,718.5 SOL, making a $2.5M profit by trading 76.46M Slopfather (FATHA) tokens. On November 23, the trader purchased the tokens on Pump.fun, and within 40 minutes, FATHA’s market cap surged to over $60M. After holding the tokens, the trader sold them at the highest point, securing a 750x return.

The trader capitalized on the rapid market shift and seized the opportunity to make a significant profit. As per solscan, 9,500 SOL was swapped for USDC and bridged to Ethereum, demonstrating how quickly substantial profits can be made in the volatile meme coin market. The trade reflects the growing influence of meme coins on the Solana blockchain.

On-chain data indicates that the wallet involved in this trade may belong to BT (@cooksassistant), who has traded 60 tokens over the past three days. With a win rate of 42.37%, BT has generated $2.7M in total profit.

FATHA Token Surge and Solana’s Meme Coin Boom

Slopfather (FATHA) token has surged to $0.03841, with a market cap of $38 million, allowing the crypto trader to book a massive profit. Its 24-hour trading volume is $156 million, reflecting a 4000% increase in the last 24 hours. This dramatic rise shows the growing demand for meme coins in the crypto market.

Solana’s blockchain is becoming a top platform for meme coin launches. Projects like PNUT, WIF, GOAT, and BONK are leading the way. Additionally, Arthur Hayes’ endorsement of the Solana-based FLOWER coin boosted interest, driving the growth of meme coins on Solana.

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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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Dogecoin Price Forms Extremely Rare And Bullish High Tight Flag Pattern, What To Expect Next

Published

13 hours ago

on

November 23, 2024

By


The Dogecoin price, which has been on a consolidation trend since November 12, has given rise to a rare and bullish chart pattern known as the high tight flag. This pattern, which is like the bull flag, is setting up the Dogecoin price for a significant upward movement.

Analyst Highlights Bullish High Tight Flag Pattern For Dogecoin

Trader Tardigrade, known for his insightful technical analyses, pointed out that the Dogecoin price is currently forming a high tight flag pattern on the daily candlectick timeframe, which is a rarity in technical charting that often precedes explosive price movements. According to his post on social media platform X, the significance of this pattern lies in its implications of a “highly possible significant upward price movement.”

In his words: “#Dogecoin is forming High Tight Flag Pattern 🔥 ‘High Tight Flag Pattern’ stands out as a rare, BUT Extremely Bullish signal that indicates a highly possible significant upward price movement.”

First off, the emergence of this high tight flag pattern means the $1 level is inevitable for the Dogecoin price. The analyst further speculates that the combination of strong price momentum, growing market enthusiasm, and FOMO (fear of missing out) among retail investors is ultimately going to push the Dogecoin price to targets of $5 to $10.

Understanding The High Tight Flag Pattern

The high tight flag is a special bullish case of the bull flag pattern. Both patterns are characterized by a flagpole and a flag/handle. Unlike the bull flag, the formation of a high tight flag follows stringent criteria, which makes it somewhat rate. This criteria is characterized by a sharp price increase of at least 100% over a short period with a maximum of eight weeks. This rapid ascent forms the ‘flagpole’ of the price pattern. In the case of the Dogecoin price, the flagpole was formed over nine days from November 3 to November 12, where it registered a gain of about 180%.

Following this surge, the price enters a consolidation phase, moving sideways or slightly downward, creating the ‘flag/handle’. This consolidation usually retraces no more than 10% of the initial rise and lasts at least five days to a maximum of three weeks.

In the case of Dogecoin, the flag has been in play for the past ten days, with a handle depth of 10%. The pattern is considered complete when the price breaks out above the consolidation range, often leading to further gains.

At the time of writing, Dogecoin is trading at $0.3926, with a 1.88% gain in the past 24 hours. A run towards the first price target at $1 would translate to a 155% gain. Other price targets at $5 and $10 represent returns of 1,170% and 2,440%, respectively, from the current price.

Dogecoin price chart from Tradingview.com
DOGE price recovers to $0.4 | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com



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