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Savvy ETH Whale Turns $20,000 Into $200,000 With Starknet and Mpeppe Two Of The Hottest Coins Right Now
In the fast-paced world of cryptocurrency, the right timing and investments can lead to massive profits, especially for savvy investors who know where to place their bets. One Ethereum (ETH) whale has managed to turn a modest $20,000 investment into a staggering $200,000 by smartly diversifying into two of the hottest cryptocurrencies of the moment: Starknet (STRK) and Mpeppe (MPEPE). As both coins experience significant price movements, investors are taking a closer look at how these tokens are redefining the market.
Starknet’s Struggles Amid Market Gains
Despite broad market surges, Starknet (STRK) recently experienced a sharp 3% decline. As Bitcoin and other altcoins surged in value, Starknet (STRK) failed to capitalize on the bullish momentum. According to data, STRK saw its price dip to $0.4137, sparking concerns among investors. This decline has largely been attributed to large-scale transactions linked to the Three Arrows Capital (3AC) liquidation process, which saw 2.07 million STRK tokens transferred for an over-the-counter (OTC) sale on September 9.
Three Arrows Capital, which filed for bankruptcy following the Luna crash of 2022, continues to sell off assets to pay down its massive debts. As more Starknet (STRK) tokens are offloaded, many fear that STRK could experience further price drops in the coming days. However, some investors remain optimistic, viewing this dip as a potential buying opportunity.
Why Starknet (STRK) Fell
The liquidation process of Three Arrows Capital has cast a long shadow over Starknet (STRK). On-chain data revealed that the insolvent company’s liquidation address transferred 2.07 million STRK tokens (valued at approximately $856,000) to Wintermute for sale. The transfer of such a significant amount of tokens for an OTC sale has caused many to speculate that further downward pressure could be placed on the coin in the near term.
As the Three Arrows Capital liquidation unfolds, more crypto assets—including Starknet (STRK)—are expected to be sold off. This has led to increased selling pressure on the token, pushing its price down as a result. Crypto enthusiasts are keeping a close eye on whether Starknet (STRK) can recover once these liquidations are completed.
Ethereum (ETH) Whale Takes Advantage of Market Shifts
While Starknet (STRK) faced challenges, some Ethereum (ETH) whales saw this as an opportunity to capitalize on the downturn. One savvy ETH whale invested heavily in both Starknet (STRK) and the up-and-coming Mpeppe (MPEPE), turning a $20,000 initial investment into a 10x return. Mpeppe (MPEPE), a casino-themed cryptocurrency, has quickly become a fan favorite due to its strong community backing and the potential for significant short-term gains.
This Ethereum (ETH) whale’s strategy reflects a broader trend among investors who are looking for projects with high upside potential. While Ethereum (ETH) remains a dominant player in the crypto space, many of its investors are seeking new opportunities with smaller, faster-growing tokens like Starknet (STRK) and Mpeppe (MPEPE).
Mpeppe (MPEPE): The Newcomer with High Potential
Mpeppe (MPEPE) is making waves in the crypto community with its innovative approach to decentralized gambling. With a current price of $0.0021, Mpeppe (MPEPE) has attracted a loyal following of both retail and institutional investors, including ETH whales. The coin’s unique combination of meme culture and decentralized finance (DeFi) features makes it a prime candidate for explosive growth.
Mpeppe (MPEPE)’s presale has already gained significant momentum, and investors are eagerly awaiting its full launch. With projections of 150% gains in the short term, Mpeppe (MPEPE) is positioning itself as one of the top investment opportunities for those looking to capitalize on new, fast-growing projects.
Why Ethereum (ETH) Investors are Flocking to Mpeppe
Ethereum (ETH) investors, in particular, have shown a keen interest in Mpeppe (MPEPE). As ETH whales search for opportunities to diversify their portfolios, Mpeppe (MPEPE) offers the potential for outsized returns compared to more established assets like Ethereum (ETH). The relatively low price point and promising market dynamics make Mpeppe (MPEPE) an attractive investment, especially for those looking to maximize their profits in a short period.
Additionally, the decentralized gambling space is a growing market, and Mpeppe (MPEPE) is well-positioned to take advantage of this trend. With more investors piling in, the demand for Mpeppe (MPEPE) is likely to increase, driving its price higher.
Conclusion: The Future of Starknet and Mpeppe
While Starknet (STRK) continues to face challenges due to the Three Arrows Capital liquidation, many investors see this as a temporary setback. If the token can stabilize and recover from the current price dip, it could offer a strong upside for those willing to take the risk. On the other hand, Mpeppe (MPEPE) is emerging as a powerful contender in the cryptocurrency market, with significant growth potential.
For Ethereum (ETH) whales and other savvy investors, the combination of Starknet (STRK) and Mpeppe (MPEPE) presents a unique opportunity to diversify and capitalize on both long-term and short-term gains. As the crypto market continues to evolve, these two tokens could prove to be some of the most profitable investments of 2024.
For more information on the Mpeppe (MPEPE) (MPEPE) Presale:
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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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