Altcoin
Gaming Network Sui Finds Themselves Behind Mpeppe Casino Gaming Ecosystem, Analysts Anticipate 1000x Gains
Among the most talked-about crypto developments in recent times is the rise of Mpeppe (MPEPE), a meme coin that is quickly becoming a force to reckon with in the crypto gaming ecosystem. Interestingly, Sui (SUI), a prominent player in the blockchain gaming space, seems to be lagging behind as Mpeppe garners attention and anticipation of 1000x gains.
Mpeppe (MPEPE): Crypto Casino & Gaming
While Sui (SUI) is struggling to maintain its position, Mpeppe (MPEPE) is swiftly gaining traction, particularly in the casino gaming sector. Mpeppe has captured the imagination of the crypto community with its promise of significant returns. The ongoing presale of Mpeppe has already sold 97% of its Stage 3 tokens, raising over $1.76 million. Investors are eagerly buying into Mpeppe, with the current price set at 0.001777 USDT per token, and anticipation is high for a price increase to 0.0021 USDT in the next stage.
Mpeppe’s appeal lies in its innovative approach to integrating meme culture with the burgeoning world of crypto gaming. Unlike Sui, which primarily focuses on blockchain technology for gaming, Mpeppe is leveraging the viral nature of memes to create a strong community and drive adoption. This strategy is proving effective, with analysts predicting that Mpeppe could deliver 1000x gains, especially as it continues to expand its ecosystem and attract more users.
Sui (SUI): Blockchain Gaming Refined
Sui (SUI) has been a notable name in the blockchain gaming sector, offering unique features and robust technology that have made it a favorite among developers and gamers alike. SUI, the native token of the Sui blockchain, is used for settling transaction fees and participating in the network’s consensus mechanism through a delegated Proof-of-Stake model. What sets SUI apart is its ability to handle parallel agreements across transactions, significantly improving scalability—a crucial feature for gaming networks that require high throughput and low latency.
As of September 2024, Sui’s market indicators suggest that the token is undervalued. Despite reaching an all-time high of $2.18 in March 2024, SUI is currently trading at around $0.7848, with a market capitalization of over $2.1 billion. The technical indicators show mixed signals; while the 50-day SMA stands at $0.8129, the 200-day SMA is at a much higher $1.1467, indicating that SUI has some room for growth if it can regain its momentum and keep up with market craze for newcomer Mpeppe.
What Challenges Lay Ahead Of Sui (SUI)
Despite its technological advantages, Sui (SUI) is facing significant challenges in keeping up with the rapid pace of the cryptocurrency market. The token has seen a decline of about 59% from its all-time high, and while its Total Value Locked (TVL) remains strong at over $600 million, the token’s price has not reflected this strength. The Fear & Greed Index for SUI is currently at 26, indicating that market sentiment is largely bearish.
One of the key issues for Sui is its inability to maintain the momentum it built up earlier in the year. The gaming network has seen some success, with four of its protocols boasting a TVL of over $80 million. However, this has not translated into a sustained price rally for SUI. The token’s price is struggling to break through the resistance levels, and with the broader market showing signs of a downturn, SUI may continue to face headwinds in the near term.
Why Mpeppe (MPEPE) Is Winning the Race
In contrast to Sui’s struggles, Mpeppe (MPEPE) is riding a wave of optimism and strong community support. The meme coin’s casino gaming ecosystem is attracting a diverse range of investors, from retail traders to crypto whales, all drawn by the potential for exponential gains. The presale success of Mpeppe is a testament to its growing popularity, and with each passing day, more investors are piling in, hoping to capitalize on the expected price surge.
Analysts are particularly bullish on Mpeppe due to its unique positioning in the market. While Sui offers advanced blockchain technology, Mpeppe is tapping into the cultural zeitgeist, combining the allure of meme coins with the lucrative world of online gaming. This combination is proving to be a powerful draw, especially for younger investors who are more inclined towards speculative assets.
Prediction: Sui (SUI) and Mpeppe (MPEPE)
As the crypto market continues to evolve, Sui (SUI) finds itself at a crossroads. While its technology is robust and its ecosystem is growing, the token’s price performance has been lackluster. If Sui is to regain its former glory, it will need to address the concerns of its community and find new ways to drive adoption and price appreciation.
On the other hand, Mpeppe (MPEPE) is on the rise, capturing the attention of the crypto community with its promise of 1000x gains. As more investors flock to Mpeppe, the token is poised to become a major player in the crypto gaming space, potentially outshining even established networks like Sui.
For now, Mpeppe appears to have the upper hand, but the race is far from over. Both Sui and Mpeppe have the potential to shape the future of blockchain gaming, and it will be fascinating to see how this competition plays out in the coming months.
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Altcoin
GameFi, Metaverse Crypto Sectors Lead With 100% Sandbox (SAND) Price Rally
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
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.
Altcoin
Super Pepe Coin Whale Sells 130B PEPE, Shifts Focus To EIGEN
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.
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.
Altcoin
BTC and Major Altcoins Pullback, SAND Soars 60%
The crypto prices today have triggered global investor speculations as Bitcoin (BTC) and major altcoins showed weakening price trends. Meanwhile, The Sandbox (SAND) and Decentraland (MANA) emerged as top gainers. The selloff is likely due to Bitcoin pullback.
The global crypto market value dropped 2% to $3.3 trillion, while total market volume declined 5%, now at $200 billion. Crypto market sentiment dropped to 82 ‘extreme greed’ from 94 last week.
Here’s a quick snapshot of the top cryptocurrencies by market cap and their price movements today, November 25.
Crypto Prices Today: BTC, ETH, SOL, and XRP Drop
Today, the BTC price dropped significantly, briefly hitting $96,000. Similarly, ETH, SOL, and XRP mirrored the trend with declining action. SAND and MANA emerged as the top gainers.
Bitcoin Price Today
BTC prices dropped over 1% in the past 24 hours, currently trading at $97,601. The 24-hour low and high were $95,788 and $98,546, respectively. BTC’s total market cap stands at $1.93 trillion, with a 24-hour trading volume of $52 billion and a market dominance of 58.16%.
Veteran trader Peter Brandt predicted a BTC selloff ahead despite remaining overall optimistic about BTC’s long-term trajectory, sparking market discussions.
Ethereum Price Today
ETH price plunged nearly 3%, currently trading at $3,344. Its 24-hour low and high are $3,288 and $3,435, respectively. With a market cap of $402 billion and a 24-hour trading volume of $28 billion, ETH holds a 12% market dominance, ranking as the second-largest cryptocurrency by market cap.
Solana Price Today
SOL price dropped nearly 4%, currently trading at $250. Its 24-hour low and high are $243 and $259, respectively. With a market cap of $118 billion and a 24-hour trading volume of $5.33 billion, SOL holds a market dominance of 3.58%, ranking as the fourth-largest cryptocurrency by market cap.
XRP Price Today
XRP crypto prices fell by 7% today and currently trading at $1.38. Its 24-hour low and high are $1.30 and $1.49, respectively. With a market cap of $78 billion and a 24-hour trading volume of $12 billion, XRP holds a market dominance of 2.4%, ranking as the 6th largest cryptocurrency by market cap. Moreover, Ripple the company behind XRP, revealed a blueprint to defeat Gary Gensler’s war on crypto.
Meme Coins Performance Today
DOGE price dropped nearly 6% in the last 24 hours, currently trading at $0.4199. Its 24-hour low and high are $0.40 and $0.44, respectively. DOGE has a market cap of $61 billion and a 24-hour trading volume of $11.4 billion.
Similarly, SHIB Inu (SHIB) is currently trading at $0.00002529, down 7% in the last 24 hours. Its 24-hour low and high are $0.00002441 and $0.00002714, respectively. SHIB has a market cap of $15 billion and a 24-hour trading volume of $1.90 billion.
Meanwhile, PEPE, BONK, and FLOKI have all declined by almost 6% to 12% amid the massive liquidation.
Top Crypto Gainer Prices Today
The Sandbox
SAND price surged by 70% in the past 24 hours, currently trading at $0.83. Its 24-hour low and high are $0.51 and $0.84, respectively. Trading volume has shot up by 650%, indicating massive buying.
Decentraland
MANA is trading at $0.75, up by 30% in the past 24 hours. Its 24-hour low and high are $0.5592 and $0.7574, respectively.
Axis Infinity
AXS is trading at $8.50, with a 16% increase in the last 24 hours. Its 24-hour low and high are $7.187 and $8.909, respectively.
Top Crypto Loser Prices Today
Stellar
XLM is trading at $0.52, down by 16% in the last 24 hours. Its 24-hour low and high are $0.44 and $0.58, respectively.
Algorand
ALGO is trading at $0.27, with an 11% decline in the last 24 hours. Its 24-hour low and high are $0.2568 and $0.3262, respectively.
Hedera
HBAR is down by 10%, currently trading at $0.1412. Its 24-hour low and high are $0.1365 and $0.1547, respectively. Trading volume is down 50%.
Besides the hourly time frame, charts indicate that BTC and ETH are recovering, showing positive momentum. SAND price continues to jump higher. Overall, the market outlook appears bullish, which could be encouraging for investors. Crypto prices today reflect this shift, with BTC and ETH, starting to regain strength, signaling potential growth in the coming days.
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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