Altcoin
Why This layer 2 Casino Meme Coin has Outperformed Ethereum, Analyst Predict Tier-1 Listing soon
In the rapidly evolving world of cryptocurrency, it’s not uncommon to see newer, more innovative projects quickly overshadow established giants. One such project, a Layer 2 casino meme coin named Mpeppe (MPEPE), has recently made headlines for outperforming Ethereum (ETH), the second-largest cryptocurrency by market capitalization. Analysts are now predicting that Mpeppe (MPEPE) could soon secure a Tier-1 exchange listing, a significant milestone that could further boost its value and visibility in the market.
Ethereum (ETH): Challenges of Market Leaders
Ethereum (ETH) has long been a cornerstone of the cryptocurrency space, renowned for its pioneering role in smart contracts and decentralized applications (dApps). However, 2024 has been a year of mixed results for Ethereum, particularly with the much-anticipated Ethereum ETFs failing to live up to expectations. Many investors had hoped that these exchange-traded funds would trigger a significant price rally, but instead, they have struggled to gain traction unlike its rival Mpeppe (MPEPE).
In the first month after their launch, Ethereum ETFs saw outflows totaling $476 million, with much of this capital leaving the Grayscale Ethereum Trust. This disappointment has cast a shadow over Ethereum’s recent performance, with the cryptocurrency’s price hovering in a stagnant range, unable to find a clear direction.
Despite these challenges, Ethereum remains a dominant force in the blockchain space. Its robust infrastructure, active developer community, and the upcoming end of outflows from the Grayscale Ethereum Trust could pave the way for a price recovery. However, while Ethereum might see moderate gains in the future, its market cap makes it unlikely to achieve the explosive growth that smaller, more agile projects can offer.
Mpeppe (MPEPE): Biggest Utility Crypto Casino Coin
Enter Mpeppe (MPEPE), a Layer 2 casino meme coin that has captured the attention of investors and analysts alike. In a market where novelty and community-driven projects often outperform more established players, Mpeppe has managed to raise almost $2 million during its presale phase, signaling strong investor confidence.
Mpeppe’s (MPEPE) success can be attributed to several factors. First, its Layer 2 solution offers significantly faster and cheaper transactions compared to Ethereum. This efficiency is crucial for a casino ecosystem, where quick and low-cost transactions are vital for maintaining user engagement and satisfaction. By leveraging Layer 2 technology, Mpeppe ensures that its users can enjoy a seamless and cost-effective gaming experience, setting it apart from many other meme coins.
Furthermore, Mpeppe’s strong community and innovative approach to the casino gaming space have helped it build momentum. Unlike Ethereum, which has struggled with scaling issues and high transaction fees, Mpeppe offers a more accessible platform for users looking to participate in online gaming. This accessibility, combined with the project’s vibrant community, has fueled its rapid growth and attracted significant attention from investors.
Ethereum (ETH) vs. Mpeppe (MPEPE): The Battle for Growth
While Ethereum continues to be a bedrock of the cryptocurrency market, its potential for massive gains is limited by its large market cap. In contrast, Mpeppe (MPEPE), with its lower market cap and high growth potential, offers investors the chance to achieve significant returns. Analysts believe that Mpeppe could outperform Ethereum in the coming months, particularly if it secures a Tier-1 exchange listing.
Such a listing would provide Mpeppe with increased visibility and liquidity, making it more accessible to a broader range of investors. This could lead to a surge in demand, driving up the coin’s price and solidifying its position as a top contender in the meme coin space. While Ethereum might continue to offer steady returns, Mpeppe represents a more dynamic and potentially lucrative investment opportunity.
For more information on the Mpeppe (MPEPE) Presale:
Visit Mpeppe (MPEPE)
Join and become a community member:
https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
South Korea’s second-largest crypto exchange Bithumb has launched KRW trading pairs for Biconomy and Puffer Finance. This marks a significant milestone for both projects. PUFFER price soared 40%, while BICO jumped nearly 20% following the listing.
Both tokens are available on the Ethereum network, with deposits and withdrawals now live today. This launch offers new governance and staking opportunities, further expanding Bithumb’s offerings in the growing DeFi space.
Bithumb Introduces Trading for Biconomy and Puffer Finance
Bithumb announced Biconomy and Puffer Finance listing on its platform on November 25. This launch marks a key milestone for both projects. Users now have seamless access to these tokens, offering governance, staking, and utility features.
The exchange has launched trading pairs for BICO and PUFFER in the KRW market. Both tokens will be supported on the Ethereum network, with deposits and withdrawals limited to Ethereum only. Biconomy token has a base price of 480 KRW, while Puffer Finance is listed at 422 KRW. The exchange has also outlined a five-minute restriction on buying orders after trading begins and a limitation on selling orders within a 12% price range to ensure smooth transactions.
Both tokens offer enhanced utility within their respective ecosystems. BICO supports smart account functionalities, staking, and transaction fees within Biconomy’s multi-chain relayer infrastructure. PUFFER, on the other hand, is a key component of Puffer Finance’s liquidity re-staking protocol, enabling users to easily stake ETH and earn rewards.
The launch of these tokens on Bithumb presents an excellent opportunity for investors seeking governance and staking utilities within the rapidly growing DeFi space.
Price Surges Following Exchange Listing
Listing on major cryptocurrency exchanges gives a significant boost to tokens, as seen with FLOKI’s surge after its listing on Coinbase. Similarly, the recent Bithumb listing has positively impacted PUFFER and BICO, driving up their prices and trading volumes.
Puffer price is currently trading at $0.39, with a 40% increase in the last 24 hours. Its 24-hour low and high are $0.26 and $0.422, respectively. Over the past month, PUFFER has gained 50%, and in the last week, it has risen by 36%. With a market cap of $38 million and a trading volume of $114 million, PUFFER price is seeing strong upward momentum.
BICO, the native token of Biconomy, is currently priced at $0.37, reflecting a 12% increase in the past 24 hours. Its 24-hour low and high range between $0.299 and $0.37. Over the last month it has surged by 110%, while in the past week, it has gained 27%. Biconomy market cap is at $329 million, with a 24-hour trading volume of $59 million.
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.
The GameFi and Metaverse sectors have taken charge of the next leg of the crypto market rally with The Sandbox (SAND) price gaining almost 100% in the last 2 days. Apart from SAND, other market players like Decentraland (MANA), Gala (GALA), and Axie Infinity (AXS) have also staged strong gains over the past week.
The Sandbox (SAND) Price Revives GameFi, Metaverse Sectors
Metaverse platform The Sandbox has registered strong network activity with its native token SAND price gaining more than 100% in the last few days. As a result, it managed to outperform other top altcoins like XRP and Cardano.
Furthermore, on-chain metrics show that the SAND price rally can continue further. As per the CryptoQuant data, the daily transaction count for SAND has surged to 11,597 reaching the highest in the last seven days.
The surge in SAND’s transaction count shows that investors are bullish on the asset’s recent surge thereby signaling higher demand and participation. Furthermore, there’s also a surge in the exchange withdrawal transactions that hints at a bullish momentum ahead. It shows that long-term investors are moving SAND off the exchanges hinting at increased confidence in the asset.
On the technical chart, SAND price has given a breakout from the downward-trending pattern eyeing the next target of $1.40. Thus, investors are eyeing for another 75-80% rally ahead.
$SAND Breaking out , Ready for next leg-up🚀#Altseason pic.twitter.com/YVxrQtXl70
— Wallstreet Queen (@wsqofficial) November 24, 2024
MANA, GALA, and AXS Join the Party
Apart from The Sandbox (SAND) price rally, other GameFi and Metaverse tokens like Decentraland (MANA), Gala (GALA), and Axie Infinity (AXS) have also joined the party gaining 25-50% over the past week.
With more than 67% gains on the weekly chart, the MANA price is currently trading at $0.70 with its market cap crossing $1.3 billion. If the bulls manage to sustain past the $0.70 resistance, they can take MANA to $1.30 with another 100% gains in the making.
$MANA army, ready for a comeback?!📈🚀 pic.twitter.com/DCFSCKLXX4
— Solberg Invest (@SolbergInvest) November 24, 2024
Similarly, Axie Infinity (AXS) price is up 42% on the weekly chart and currently trading at $8.13 levels. Also, the daily trading volume for AXS has shot by 28% surging past more than $1.02 billion.
Axie Infinity, developed by Vietnam-based Sky Mavis, is a blockchain-based game that uses a “play-to-earn” model, enabling players to earn cryptocurrency through gameplay. The AXS price has bounced back after a double-bottom formation. As per the technical chart, the next subsequent targets for AXS could be $28, $45, and $69.
$axs is forming a possible double bottom structure. these are my targets for $axs coin pic.twitter.com/x36t11TNXk
— Vinci | DEEK (@Vince26king) November 24, 2024
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.
Amid a highly turbulent crypto market witnessed as the week kicks off, a super Pepe Coin whale shifted focus to EIGEN has sparked significant market discussions. Notably, on-chain data pointed out a massive 130 billion PEPE whale selloff, with the investor simultaneously diversifying his portfolio by buying over 200K of the Ethereum-based token.
This swap of positions, amid a slumping action witnessed by the meme coin and a gaining action seen by the EigenLayer ecosystem token, set off waves of speculations over the coins’ future tendencies.
Super Pepe Coin Whale Refocuses Investments, Buys EIGEN
According to whale data by Spot On Chain as of November 25, a super whale sold 74.07 billion in Pepe Coin worth $1.53 million for 448.1 ETH as the price dropped recently. The same whale was recorded offloading 130.2 billion of the meme coin, worth $2.71 million, for 891 ETH over the past three days. Although this massive selling caused market tension, it’s noteworthy that the super whale still holds 3.241 trillion Pepe Coin, with a 12.6x profit of $68.3 million.
However, the same whale also focused on buying EIGEN, swapping 181.3 ETH for 217,348 of the Ethereum-based token over the past two days. The whale currently holds 1.608 million of the EigenLayer token, worth $4.31 million, with an 11% profit. Overall, the trade swap sparked significant optimism over the EigenLayer ecosystem’s primary token, while market watchers monitor the leading meme coin closely.
PEPE & EIGEN Prices Show Mixed Actions
While the meme coin’s price slipped, aligning with the selloff by super Pepe Coin whale, the Ethereum-based coin rose, leveraging buying pressure. PEPE price was down 2% intraday and 5% weekly, trading at $0.00002026. Its 24-hour low and high were $0.00001918 and $0.00002086, respectively.
Whereas, EIGEN price soared nearly 7% intraday and 23% weekly, reaching $3.06. The coin’s 24-hour low and high were $2.56 and $3.07, respectively. While crypto market participants remain optimistic about the Ethereum-based token in light of the massive accumulation, the remaining massive PEPE holdings add a layer of intrigue to the leading meme coin’s price action ahead.
Intriguingly, a recent Pepe coin price analysis by CoinGape Media flagged that the meme coin eyes a $0.000025 target, with significant potential upside for further momentum. This optimistic projection comes against the backdrop of bullish technical formations on the frog-themed crypto’s price chart. Market watchers continue to eye both coins for future price action shifts as the broader market continues to showcase price fluxes.
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.
Puffer Price Skyrockets 40%, Biconomy (BICO) 20% After Major Listing
Will the MANA Crypto Price Rally End After a 70% Weekly Surge?
GameFi, Metaverse Crypto Sectors Lead With 100% Sandbox (SAND) Price Rally
Bitcoin Price Pauses Under $100K: Bulls Eye the Milestone
US Economic Events Impacting Bitcoin and Crypto Sentiment
Harmful Livestreams Prompt Ban Calls
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
-
Bitcoin22 hours agoBitcoin Price Is Decoupling From Gold Again — What’s Happening?
-
Bitcoin18 hours agoSenator’s Bold Proposal To Replenish US Reserves
-
Market16 hours agoCan the SAND Token Price Rally Be Sustained?
-
Bitcoin16 hours agoBitcoin Whales Remain Determined, $3.96 Billion Worth Of BTC Gobbled Up In 96 Hours
-
Market15 hours agoCantor Fitzgerald Deepens Tether Ties With 5% Stake Acquisition
-
Market22 hours agoWinklevoss Urges Scrutiny of FTX and SBF Political Donations
-
Bitcoin21 hours agoBitcoin Correction Looms As Analyst Predicts Fall To $85,600
-
Bitcoin20 hours agoAI Company Invests $10 Million In BTC Treasury
✓ Share: