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Pepe Coin Drops A further 11.54% Creating Scarcity Within Crypto Sphere, Analyst Point to Mpeppe to Balance Portfolio
Pepe Coin (PEPE) has been a significant player in the meme coin market since its explosive rise earlier in the year. However, recent performance suggests that PEPE is facing a challenging period as it drops a further 11.54%, creating scarcity within the crypto sphere. This drop has led analysts and investors alike to reconsider their portfolio strategies. Amidst the uncertainty surrounding PEPE, many are turning their attention to a rising star in the meme coin world: Mpeppe (MPEPE).
PEPE’s Price Decline and Market Sentiment
Pepe Coin (PEPE) surged to popularity in early 2024, reaching an all-time high of $0.00001718. The excitement around the token was palpable, with many investors hoping it would continue its upward trajectory. However, as is common in the highly volatile world of meme coins, PEPE’s price soon began to falter.
At the time of writing, PEPE is struggling to maintain momentum and has dropped by 11.54%. This latest decline has brought the token down to its current price level of $0.000007359. The token’s price stagnation over the last 30 days, with only a minimal increase of 1.29%, has frustrated many early investors who had hoped for a quick rebound.
Despite the current challenges, some analysts remain optimistic about PEPE’s future. The established support level at $0.000007359 is seen as critical. If the token manages to hold this support, it could potentially rally back to its $0.00001717 price mark. However, with the overall crypto market facing turbulence and uncertainty, the question remains whether PEPE can sustain any long-term growth.
Mpeppe (MPEPE): A Meme Coin to Watch
While PEPE’s performance has been underwhelming as of late, the rising meme coin Mpeppe (MPEPE) is drawing increasing attention. Investors seeking to balance their portfolios and hedge against PEPE’s potential risks are looking at Mpeppe as an exciting alternative.
Mpeppe (MPEPE) has gained significant traction, particularly due to its casino-focused ecosystem, which appeals to both meme coin enthusiasts and online gaming investors. Unlike many other meme coins that rely purely on hype, Mpeppe is building a utility-driven platform that merges entertainment with crypto investments. This combination of humor and function is proving to be a winning formula.
In its presale, Mpeppe has already raised $1.8 million, with 97% of tokens sold. The presale’s success demonstrates strong community support, and the token has surged by 150% in just a short period. As PEPE struggles to regain footing, Mpeppe’s rapid growth is creating waves in the market, with many anticipating even greater gains post-launch.
Why Mpeppe is Gaining Over PEPE
One of the primary reasons Mpeppe (MPEPE) is standing out is its ability to appeal to investors who are wary of purely speculative meme coins. The online casino industry is a massive market, and Mpeppe is leveraging this by offering users a chance to earn while they engage in entertainment. This practical utility gives Mpeppe a distinct edge over other meme coins like PEPE, which rely heavily on community-driven hype.
Moreover, Mpeppe’s (MPEPE) presale performance has been remarkable. Investors who got in early have already seen substantial returns, and as the presale moves into its final stages, excitement is building for what lies ahead. The Mpeppe community is growing rapidly, and with plans for listing on major exchanges, the token is poised for a potentially meteoric rise once it hits the open market.
Analyst Predictions: Balancing PEPE and Mpeppe
With PEPE showing signs of stagnation, analysts are advising investors to consider diversifying their meme coin holdings. PEPE’s established community and market presence make it a solid option for those who are willing to take on some risk in the hopes of a rebound. However, for those looking to balance their portfolios and reduce exposure to the volatility surrounding PEPE, Mpeppe is emerging as an ideal alternative.
The growing scarcity of PEPE, driven by the recent price drop, has made it more challenging for new investors to enter the market at attractive price points. On the other hand, Mpeppe’s current presale offers an opportunity for early adopters to get in before the token reaches the exchanges, potentially capitalizing on future gains.
With both tokens operating within the meme coin space, investors are weighing their options carefully. While PEPE may still have room for a rebound, the momentum behind Mpeppe (MPEPE) suggests that it could offer a more reliable path to growth in the short term.
Conclusion: Mpeppe Shines as PEPE Struggles
As Pepecoin (PEPE) faces an uncertain future following its 11.54% drop, investors are increasingly turning to Mpeppe (MPEPE) as a safer bet within the meme coin market. Mpeppe’s casino-focused platform, coupled with its strong presale performance, makes it an appealing choice for those looking to balance their portfolios amidst the volatility.
While PEPE has the potential to rebound, Mpeppe’s unique offering and rapid growth make it a standout in the meme coin space. As the presale continues to gain traction and Mpeppe prepares for its launch, it’s clear that this meme coin is one to watch closely in the coming months.
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The Dogecoin price has entered another stage of bullish momentum that has reignited inflows from traders. Notably, the DOGE price has surged by about 16.3% over the past 24 hours. This surge has brought into focus the possibility of the DOGE price reaching a new all-time high this year.
Interestingly, a crypto analyst on the social media platform X has highlighted a bullish fractal that could push the Dogecoin price on a parabolic run.
Dogecoin Fractal Points To New ATH
Master Kenobi shared his analysis of the Dogecoin price action on X. In his post, Kenobi outlined a fractal setup, suggesting that DOGE is on the verge of a significant breakout. Kenobi attributed the fractal formation to the consolidation that began after the DOGE price reached $0.43
A bullish fractal is a pattern that suggests an upward reversal in price. This pattern, which occurs during price consolidations, is characterized by a middle bar that has the lowest low, flanked by higher lows on each side.
Kenobi’s analysis was accompanied by a DOGE chart on the four-hour candlestick timeframe. The chart revealed that a similar fractal had occurred during the first week of November. At that time, Dogecoin was consolidating after an initial surge past the $0.20 mark. This consolidation phase, much like the current one, was marked by low volatility and steady accumulation. However, the November fractal ultimately resolved with an explosive 115% rally over six days.
Drawing parallels with the November setup, Kenobi predicted that the Dogecoin price could replicate this outcome and create a new all-time high in the next three days. In terms of a price target, a breakout would see the DOGE price reaching the $0.74 mark, which would put it above its current all-time high of $0.7316.
What’s Next For The Dogecoin Price?
The prospect of a new all-time high for the Dogecoin price is gaining ground with each passing day, especially with the price action in the past 24 hours. At the time of the analysis, the DOGE price was trading at $0.41. Interestingly, the Dogecoin price has surged to $0.46 at the time of writing, which indicates that the bullish fractal breakout has happened.
DOGE, which started November at $0.1616, is already up by about 230% in the past 30 days. Many on-chain data and price patterns point to a continued price increase, at least in the next few days and weeks. Ali Martinez, a popular crypto analyst, suggested that the Dogecoin price is in the middle of a bullish breakout to $0.82. If the price target is achieved, this would represent a further 78% gain from the current price.
Featured image created with Dall.E, chart from Tradingview.com
The crypto universe has concluded yet another week, primarily with riveting developments unfolding across the broader sector. Bitcoin (BTC) continues to pump, hitting a new ATH this week. Simultaneously, Ripple’s XRP garnered significant market attention, recording considerable gains. The broader market continues to leverage investor optimism post-U.S. elections that saw Donald Trump reelected as the president.
Here’s a brief collection of some of the top cryptocurrency market headlines that have significantly impacted investor sentiment over the past seven days.
BTC Hits New ATH Amid Bull Crypto Market
BTC price hit a new ATH near the $100K level this week, echoing a buzz across the broader sector. Notably, the flagship coin gained roughly 10% over the past week to hit an ATH of $99,655. Attributable to this bullish movement post-U.S. elections, Rich Dad Poor Dad author Robert Kiyosaki shared a bold prediction for the coin, anticipating its price to hit $13 million.
Simultaneously, the crypto also saw heightened institutional interest amid its bullish movement, underscoring the potential for further gains. Aligning with this heightened market interest, biopharmaceutical firm Hoth Therapeutics forged ahead with BTC buying plans, sparking additional optimism surrounding the crypto.
Meanwhile, Bitcoin miner MARA completed its $1 billion private offering this week, with some of the proceeds set to be used to buy more BTC. Overall, the flagship coin leveraged significant buying pressure this week, paving a bullish path for future movements.
Ripple’s XRP Steals Attention
On the other hand, XRP’s price witnessed gains worth 40% over the past week, cementing investor optimism amid a bullish digital asset sector. Notably, XRP whales accumulated nearly $526M worth of the token this week, indicating that the Ripple-backed coin could pump higher. Veteran trader Peter Brandt predicted amid this bullish movement that a parabolic rally for the crypto also lies ahead.
Further, Ripple CEO Brad Garlinghouse conveyed bullish sentiments on XRP and a possible end to the SEC lawsuit, primarily attributable to the newly appointed U.S. Treasury Secretary Scott Bessent. Simultaneously, the Ripple vs. SEC lawsuit saw the regulator and FINRA trying to bring “digital asset securities” claims. This mover comes against the backdrop of XRP’s rally to $1, with speculations of a looming $2 target on SEC Chair Garu Gensler’s exit.
Overall, these market updates have sparked significant investor enthusiasm over the crypto realm’s future action, with market watchers being optimistic.
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.
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.
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.
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.
Featured image created with Dall.E, chart from Tradingview.com
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