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Solana Rival Completes 93% Presale in Weeks, Analyst Data Showcases $2 Before September End
Recently, Mpeppe (MPEPE), rapidly advances its presale, leaving established players like Solana (SOL) in the dust. With its presale stage 3 already 93% complete in just a matter of weeks, Mpeppe (MPEPE) is proving to be a serious rival to Solana (SOL), which has long been a favorite among investors and developers alike. Analysts are now predicting that Mpeppe (MPEPE) could hit the $2 mark before the end of September, a testament to its growing popularity and potential.
Solana’s Resilience Amidst Market Fluctuations
Despite the broader crypto market experiencing significant outflows, Solana (SOL) has managed to buck the trend, drawing in substantial investments into its digital asset products. According to recent data from CoinShares, while the overall market saw net outflows of $305 million, Solana-based exchange-traded products (ETPs) attracted over $7.6 million in new investments. This influx comes at a time when both Bitcoin and Ethereum witnessed significant withdrawals, with Bitcoin alone accounting for $319 million in outflows.
This resilience is particularly noteworthy given the challenges facing the market. While Bitcoin and Ethereum struggled, Solana (SOL) remained an attractive option for investors, underscoring its strong fundamentals and the confidence that the market has in its future prospects.
Mpeppe’s Meteoric Rise
As Solana (SOL) continues to hold its ground, Mpeppe (MPEPE) is quickly emerging as a formidable competitor. The presale of Mpeppe (MPEPE) has garnered massive attention, achieving a 93% completion rate within stage 3 in just a few weeks. This rapid progress has caught the eye of crypto whales and investors, many of whom are now shifting their focus from established tokens like Solana to this new and exciting project.
Analysts are particularly bullish on Mpeppe (MPEPE)’s potential, with predictions that the token could reach $2 before the end of September. This would represent a significant return for early investors and further solidify Mpeppe (MPEPE)’s status as one of the most promising new tokens on the market.
Solana’s Continued Popularity
While Mpeppe (MPEPE) is making headlines, Solana (SOL) continues to be a major player in the crypto world. The platform’s ability to process over 65,000 transactions per second, coupled with its low fees, has made it a preferred choice for developers of decentralized applications (dApps) and institutional investors.
Despite some recent price fluctuations, Solana (SOL) has managed to maintain strong support levels, with the SOL price testing the $127 support before bouncing back to the $130 range. This stability, even in the face of market volatility, highlights Solana (SOL)’s robustness and the trust that investors place in the platform.
The Future of Mpeppe and Solana
As we move further into September, all eyes will be on Mpeppe (MPEPE) and Solana (SOL). Mpeppe (MPEPE)’s rapid presale success and the potential for massive gains have made it a hot topic among investors, while Solana (SOL)’s continued resilience and strong technical foundation ensure that it remains a major player in the crypto space.
The coming weeks will be crucial for both tokens. For Mpeppe (MPEPE), reaching the $2 mark would be a significant milestone, validating the excitement and optimism surrounding the project. For Solana (SOL), maintaining its current momentum and continuing to attract investment will be key to its long-term success.
Conclusion
Mpeppe (MPEPE) is quickly proving to be a formidable rival to Solana (SOL), with its presale nearing completion at a rapid pace and analysts predicting significant price increases in the near future. While Solana (SOL) continues to hold strong, attracting substantial inflows even amidst market turbulence, Mpeppe (MPEPE)’s rise signals a shift in investor focus toward new and promising projects. As the crypto market continues to evolve, both Mpeppe (MPEPE) and Solana (SOL) are well-positioned to be major players in the future of digital assets.
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Crypto Prices Today (April 4): The broader market sentiment remains uncertain this Friday as Bitcoin (BTC) price held around the previous day’s levels, at $83K. Moving on to other metrics, the global cryptocurrency market cap jumped slightly by 0.20% to $2.6 trillion. The fear and greed index stood at 25, signaling a cautious sentiment in the market at the moment.
Major league altcoins like Ethereum (ETH) and Solana (SOL) also retained a trading session near the previous day’s levels in the interim. However, Cosmos (ATOM) and Filecoin (FIL) surfaced as the day’s top gainers by defying the broader trends.
Crypto Prices Today: BTC At $83K, Altcoins Resilient
Despite the broader market turmoil caused by Donald Trump’s announcement of reciprocal tariffs, crypto prices today have showcased resilience by preventing major downturns. After slipping to as low as the $81K mark, BTC price regained a hold above $84K today. ETH also faced heightened turbulence, although it maintained a hold above $1,800.
Conversely, ATOM and FIL tokens have defied the broader market trend to secure a spot among the day’s top gainers.
BTC Price Sits At $84K
At the time of reporting, the flagship crypto’s price chart indicated a roughly 1% increase in value and closed in at $84,211. Its market dominance was up by 0.09% intraday, reaching 62.01%. Notably, BTC has outperformed major league altcoins, as indicated by its market dominance.
Coinglass data further signaled rising market interest in the asset. Bitcoin futures OI jumped roughly 4% over the past day, reaching $54.61 billion.
Nevertheless, traders and investors reflect an uncertain stance over future price prospects as Trump’s tariffs have rattled broader markets globally. CoinGape previously reported that BTC is expected to mimic stock market actions amid global trade war tensions.
All eyes are now set on the next U.S. Fed meeting, as it could pave the way for a market sentiment shift.
ETH Price At $1,800
ETH price traded at $1,820 after recovering from $1,751 over the past day. The second-largest crypto by market cap boasted an evaluation of $220.35 billion.
Ethereum’s futures OI shot up by 3.5% to reach $20.68 billion, per the latest Coinglass data. This statistic indicated that the coin’s derivatives market is seeing heightened activity. Another buzzworthy update for Ethereum is that the Pectra upgrade is set to go live on May 7 next month.
XRP Price Jumps 2% & Defies Crypto Market Trend
Ripple’s coin XRP managed to gain over 2% despite the broader crypto market turmoil to reach $2.08. Its 24-hour bottom and peak were recorded as $1.97 and $2.10, respectively.
The latest buzz within the Ripple community remains Coinbase’s XRP futures listing. Notably, CoinGape reported that the crypto exchange behemoth filed an application with the CFTC for this listing.
On the other hand, the U.S. SEC’s recent closed-door meeting solidified the chances of an imminent settlement of the Ripple lawsuit.
SOL Price Today
Solana price hovered around the previous day’s levels and is trading at $119.27. Its 24-hour low and high were registered as $112.48 and $119.13 in the past 24 hours.
Intriguingly, Coinglass data revealed a 3% surge in Solana’s futures OI to $4.84 billion, underscoring burgeoning trading activity in the derivatives market. Solana’s market cap jumped nearly 1% from yesterday to $61.44 billion.
Recently, the U.S. SEC made a favorable approach toward crypto by acknowledging Fidelity’s SOL ETF filing.
Let’s take a look at the market’s leading gainers for the day.
Crypto Prices Today: Top Gainer
Cosmos (ATOM)
Price: $4.83
24-Hour Gains: +9%
ATOM’s price surged alongside a new trade offering unveiled by eToro recently. The social investing platform launched staking options for the crypto, paving the way for investor interaction with assets.
Filecoin (FIL)
Price: $2.95
24-Hour Gains: +8%
FIL price soars against the backdrop of its recent listing on S. Korean crypto exchange Upbit.
Pendle (PENDLE)
Price: $3.14
24-Hour Gains: +8%
PENDLE price soars alongside heightened whale accumulations, as reported by CoinGape recently.
Crypto Prices Today: Top Loser
Pi Network (PI)
Price: $0.5477
24-Hour Loss: -13%
Berachain (BERA)
Price: $5.81
24-Hour Loss: -10%
Toncoin (TON)
Price: $3.52
24-Hour Loss: -7%
Overall, the broader market sentiment remains uncertain amid macroeconomic heat. Crypto market traders and investors eagerly await major price action shifts.
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.
Pi Network’s native cryptocurrency Pi Coin price is down by another 15% today, slipping all the way to $0.55 and another 60% surge in daily trading volumes to $477 million. With this, the PI cryptocurrency has extended its weekly losses to more than 33% as investors are losing hope of any recovery to $1. As a result, the community is now pinning hopes on a Coinbase listing for any revival.
Will Pi Network Make Way to Coinbase Anytime Soon?
Although the Pi Network listing on Binance has faced multiple delays, the community is still hopeful for a Coinbase listing. On March 14—Pi Day—Coinbase’s Chief Legal Officer, Paul Grewal, posted a tweet featuring Pi’s logo, stating, “We take Pi Day very seriously at Coinbase.”
A Coinbase listing could provide a major liquidity boost, pumping up the Pi Coin price higher to $1 and beyond. The exchange often considers community engagement when adding new assets, making Pi Network’s 60 million+ user base a strong factor in its favor.
Additionally, such a listing could significantly boost PI cryptocurrency’s adoption in both U.S. and global markets. This would be a historic milestone for the ecosystem, increasing the visibility and accessibility to millions of crypto users worldwide.
While Coinbase stirs speculation, Binance has yet to make any official comments regarding a potential $PI listing.
Pi Coin Price Drop to $0.3 Coming?
As the Pi Coin price continues to lose crucial support levels, analysts are turning pessimistic about it moving ahead. Crypto analyst Moon JEFF has projected that Pi Network price could drop to $0.30 if exchange deposits continue at their current rate.
More than 375 million PI tokens have already moved to exchanges. Moon JEFF notes that with total supply reaching 500 million $PI, the token’s price could stabilize around $0.30. This is similar to our Pi Coin price prediction, which shows that altcoin to trade under $0.40 for the month of April.
A Major Challenge for the Core Team
The Pi Community backlash is growing stronger with every passing day as the altcoin selling pressure increases. Popular community member Dr Altcoin stated: “Pi’s price has been in free fall, hovering around $0.5. If this was the end goal, why did the Pi community wait six years? Pi could have easily reached this value if it had launched in 2022”.
He further stated that major cryptocurrency exchanges are unlikely to list PI crypto unless the Pi Core Team (PCT) provides full transparency regarding its tokenomics. The two major challenges as highlighted by Dr Altcoin, are:
- At current low prices, Pi holders may struggle to engage with decentralized applications (DApps) within the Pi ecosystem.
- If these challenges persist, a significant portion of Pi users could sell off their holdings and migrate to other crypto projects.
The analyst added that the only viable path forward for the Pi Core Team, without relying on major exchange listings, is to burn billions of Pi coins from the Pi Foundation wallets.
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 price has extended weekly losses to 14% amid heightened selling pressure for the cryptocurrency. Whale data on Friday revealed that roughly $46M worth of SOL was unstaked and offloaded to exchanges in recent days. The outcome? Crypto market traders and investors are speculating if a recovery is even possible ahead as the broader market faces turmoil amid Trump’s reciprocal tariff announcement.
Solana Price Takes Bearish Turn Amid Rising Whale Dumps, What’s Happening?
As of press time, Solana price traded at $115.91, down slightly over 3% in the past 24 hours. The weekly chart for the crypto showcases a 14% decline, further accompanied by a monthly drop of over 18%. This waning action falls in line with the recent broader market trends and heightened selling pressure for the cryptocurrency.
Data from the tracker Lookonchain suggested that crypto whales are on a SOL dumping spree in tandem with the coin’s slumping action. Notably, 4 wallet addresses collectively unstaked and offloaded $46 million worth of coins in the past 24 hours, per whale data.
Here Are The Addresses & Amounts of SOL Dumped
- ‘HUJBzd’ – $30.3 million worth of coins.
- ‘BnwZvG’ – $9.47 million worth of coins.
- ‘8rWuQ5’ – $3.53 million worth of coins.
- 2UhUo1′ – $3 million worth of coins.
For context, usual market sentiments reflect bearishness in light of such massive dumps as the selling pressure for a crypto increases. Solana’s waning price action has contributed to investors’ cautious outlook toward the coin amid negative market dynamics.
SOL Price Faces Pressure Amid Broader Trends
It’s worth pointing out that SOL is currently facing immense heat due to broader macro trends presenting risk assets with uncertainty. CoinGape recently reported that Bitcoin price saw an offsetting movement with Donald Trump’s reciprocal tariffs commencement. In turn, even the altcoin market mimicked a bearish movement lately.
Another report revealed that BTC price is expected to follow the stock market action in light of the new reciprocal tariffs. Matrixport strongly asserted that the broader crypto market could potentially sustain volatility in the short run as BTC price is expected to mimic stock market movements.
Analyst Forecasts Bullish Outlook Despite Downtrend
However, a crypto market analyst named ‘Brandon Hong’ has conversely highlighted a bullish outlook for Solana price regardless of the broader turmoil. The analyst recently posted on X, stating, “SOL is about to have its biggest breakout ever.”
This bullish anticipation rides the back of the coin about to break its 400-day range. “Buy now or regret later,” the analyst concluded, sparking contrary speculations. Crypto market participants continue to extensively eye the token for price action shifts amid uncertain dynamics.
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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