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The Pepe & Mpepe Phenomenon: Why Ethereum Investors Are All In On This 1000x Token

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In the ever-evolving landscape of cryptocurrency, meme coins continue to captivate the market with their unpredictable yet exciting potential. Recently, two meme tokens, Pepecoin (PEPE) and Mpeppe (MPEPE), have been making headlines, attracting significant attention from Ethereum (ETH) investors. As the market braces for the next big wave, these two tokens are emerging as top contenders, offering the possibility of extraordinary returns.

The Resurgence of Pepecoin (PEPE): A Market Favorite

Pepecoin (PEPE) has been a major player in the meme coin market, demonstrating remarkable resilience amid the broader crypto market’s volatility. Despite experiencing wild fluctuations in recent weeks, Pepecoin (PEPE) is showing signs of a bullish comeback. On-chain data reveals that $2.33 million worth of Pepecoin (PEPE) was liquidated recently, with short-sellers losing over $1 million due to the token’s typically volatile price action.

However, the tide seems to be turning for Pepecoin. Over the past seven days, Pepecoin (PEPE) has recorded a 10.5% gain, reflecting renewed investor interest. Analysts suggest that this could be just the beginning, as Pepecoin (PEPE) is currently challenging a critical resistance level around $0.00000830. If this level is breached, the token could potentially surge toward $0.00000980, offering an 18% upside. This momentum is further fueled by the anticipation of a broader meme coin rally, which could drive Pepecoin (PEPE) towards its yearly high of $0.0000172.

Solana’s (SOL) Breakpoint Conference: A Catalyst for Growth

Solana (SOL), another major cryptocurrency, is also on investors’ radars as it prepares for its highly anticipated Breakpoint developer conference on September 20th and 21st. This event is expected to introduce several key innovations, including a preview of the much-awaited Firedancer upgrade.

Solana has recently broken out of its narrow trading range, climbing toward $162. This marks a 9% increase on the weekly chart, signaling that SOL might be gearing up for a significant rally. The upcoming conference is likely to act as a bullish catalyst, drawing increased attention to Solana and potentially pushing its price higher. Near-term projections suggest that SOL could target $167.99, with a possibility of reaching $170 or even $200 by the end of the year.

For Ethereum (ETH) investors, the interest in SOL is not just about its current performance but also about its future potential. With the right market conditions, Solana could see exponential growth, making it a worthwhile addition to any investment portfolio.

Mpeppe (MPEPE): The New Contender in the Meme Coin Space

While Pepecoin (PEPE) and Solana (SOL) continue to show strong potential, a new meme coin, Mpeppe (MPEPE), is rapidly gaining traction. Mpeppe is being hailed as the next big thing in the meme coin arena, with the potential to deliver 1000x returns. This new token has already captured the attention of Ethereum (ETH) investors, who are keen to get in early on what could be the next major breakout.

Mpeppe (MPEPE) stands out not just for its low entry price of $0.00177 but also for its strong presale performance. Over 80% of Mpeppe’s tokens have already been sold, raising significant capital and indicating strong investor confidence. What makes Mpeppe particularly appealing is its robust community support and innovative approach, which combines elements of decentralized finance (DeFi) with the viral nature of meme coins.

Why Ethereum (ETH) Investors Are All In On Mpeppe (MPEPE)

The excitement surrounding Mpeppe (MPEPE) is driven by several factors. Firstly, the token’s low entry price and high potential for growth make it an attractive option for those looking to maximize their returns. Unlike more established tokens like Pepecoin (PEPE) and SOL, Mpeppe offers the chance to get in at the ground floor of a new project with massive upside potential.

Secondly, the token’s presale success suggests that Mpeppe has the backing of a strong and active community, which is crucial for the long-term success of any meme coin. The presale has already raised over $1.2 million, and with the next phase expected to see a price increase, now is the ideal time for investors to take action.

Lastly, Mpeppe’s innovative approach to combining DeFi with meme culture gives it a unique edge in the market. This combination could help the token gain widespread adoption and drive its value higher, much like how Pepecoin has managed to capture the market’s attention.

The Road Ahead: A 1000x Opportunity?

As the market continues to evolve, Ethereum (ETH) investors are increasingly looking for the next big opportunity. With Pepecoin (PEPE) showing signs of a strong rebound, Solana (SOL) gearing up for a major event, and Mpeppe (MPEPE) emerging as a promising new contender, the stage is set for potentially explosive growth.

For those willing to take on the risk, Mpeppe offers an unparalleled opportunity to get in early on what could be the next big meme coin phenomenon. With its low entry price, strong community support, and innovative approach, Mpeppe is quickly becoming a top choice for investors looking to achieve significant returns.

In conclusion, the combination of Pepecoin’s resilience, Solana’s potential, and Mpeppe’s explosive growth prospects make these three tokens a compelling investment trio. As Ethereum (ETH) investors continue to diversify their portfolios, Mpeppe is poised to become a major player in the meme coin market, offering the possibility of 1000x returns and beyond.

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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Top Neiro Ethereum Holder Dumps $3M NEIRO Sparking Price Dip Concerns

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One of the top Neiro Ethereum holders has surprisingly sparked bearish sentiments amid a bull market, heavily dumping the dog-themed meme token. Recent on-chain data pointed out that the 2nd largest holder of the token, Wintermute, took action to dump $3M worth of coins. This dump has raised substantial investor concerns, further solidified by the coin’s waning price movement amid a broader bull market.

Top Neiro Ethereum Holder Offloads Over 100M Coins

According to data by Arkham Intelligence, Wintermute deposited 35 million Neiro Ethereum tokens worth $3.08 million to Bybit over the past three days. Notably, the market maker remains the 2nd largest holder of the crypto, holding 10.9% of the total supply worth 108.95 million tokens.

Besides, it’s noteworthy that the same market maker totally withdrew 121.466M of the same token from Bybit before the abovementioned selloff to become the 2nd largest holder of this Shiba Inu dog breed-themed crypto. Nevertheless, despite the selloff weighing in, Wintermute is still the 2nd largest holder of the asset.

In light of this dynamic, market participants remain apprehensive as future selloffs by the top holder could negatively influence the renowned meme coin’s price movements. Meanwhile, despite a bullish sentiment over top meme coins, as witnessed by Dogecoin, Pepe coin, Bonk, and other tokens’ phenomenal gains, the Neiro Ethereum selloff has solidified market concerns.

Token Price Remains Volatile

At the time of reporting, NEIRO price traded near the flatline over the past 24 hours to rest at $0.079. The coin’s intraday low and high were $0.0753 and $0.08385, respectively. Notably, the weekly chart for the crypto showcased a 10% dip. This waning action has sparked severe market concerns in the wake of the abovementioned selloff.

Neiro Ethereum NEIRO PriceNeiro Ethereum NEIRO Price
NEIRO Price

However, a recent CoinGape Media report revealed that Neiro Ethereum has partnered with the market maker DWF Labs, adding investor intrigue on future price movements. Notably, another massive holder of the crypto is GSR Markets, a renowned market maker, holding 33.52 million tokens. Wintermute and GSR collectively hold 142.47 million tokens worth 14.25% of the total supply.

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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.





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Hidden Bullish Divergence Appears On Dogecoin Price Chart, Here’s What To Expect Next

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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.

Dogecoin price 1
Source: X

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. 

Dogecoin price chart from Tradingview.com
DOGE price wobbles with bearish pressure | Source: DOGEUSDT on Tradingview.com

 



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XRP Price Rally to $2 As Paul Atkins Leads to Replace US SEC Chair Gary Gensler

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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.

Courtesy: CrediBULL Crypto

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.

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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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