Altcoin
ICP Holders Use Their Explosive Profits On ICO Gambling Coin Set To Skyrocket 150%
In the fast-paced world of cryptocurrency, seasoned investors are always on the lookout for new opportunities to reinvest their profits for massive returns. Recently, Internet Computer (ICP) has been a favorite among crypto enthusiasts, delivering double-digit gains and outperforming the broader market trends. With a significant surge in ICP’s value, many holders are now diverting their profits into new promising ventures, such as the gambling ICO coin, Mpeppe (MPEPE).
Internet Computer’s (ICP) Bullish Surge
Internet Computer (ICP) has recently captured the attention of the crypto world with its impressive price rally, defying the general market cooldown. Internet Computer (ICP) broke above a descending trendline that had held since mid-April, gaining over 14% in a single day and reaching a trading price of around $8.50. Despite the broader market correction, Internet Computer (ICP) has managed to rise by 11%, marking a notable achievement in September.
Key technical indicators like the Relative Strength Index (RSI) and On-Balance Volume (OBV) suggest that this bullish momentum could continue in the near term. Additionally, ICP’s open interest in futures markets has seen a substantial rise from $35.87 million to $47.21 million, indicating growing interest and new money entering the ecosystem.
According to on-chain data, ICP’s burn rate has also increased, reducing its circulating supply and adding more bullish pressure to its price action. This, coupled with high trading volumes and positive technical analysis, has analysts predicting ICP could reach as high as $25 in the short term, with some even suggesting a long-term target of $79.57—a whopping 777% increase from current levels.
Mpeppe (MPEPE): The Next Big Thing
With Internet Computer (ICP) holders riding the wave of its price surge, many are now looking at Mpeppe (MPEPE) as their next big investment. Mpeppe (MPEPE), a gambling ICO token, is currently in its presale phase and has already attracted significant attention due to its potential to skyrocket by 150%. The project’s innovative approach to decentralized gambling, along with its viral meme coin appeal, has made it one of the most talked-about tokens in the market.
Priced at $0.0021, Mpeppe (MPEPE) is nearing the completion of its Stage 4 presale, with over 80% of tokens already sold. Early investors are betting on Mpeppe (MPEPE)’s potential to replicate the success of meme coins like Shiba Inu (SHIB) or Dogecoin (DOGE), expecting explosive returns once the coin is fully listed on exchanges.
Why ICP Investors Are Betting on Mpeppe
- Reinvestment of Profits: Internet Computer (ICP) holders have seen substantial gains over the past few weeks, and with the bullish momentum expected to continue, many are looking to reinvest their profits into, high-reward ventures like Mpeppe (MPEPE). The gambling coin’s promising presale performance and strong community backing make it an appealing choice for those looking to maximize their returns.
- Market Sentiment: Internet Computer (ICP)’s recent surge has bolstered market confidence in decentralized projects that offer real utility. Similarly, Mpeppe (MPEPE) taps into the decentralized gambling space, which is gaining traction among crypto investors. As more users seek entertainment and profit opportunities in the decentralized world, gambling tokens like Mpeppe (MPEPE) are well-positioned for success.
- Potential for Explosive Growth: With Internet Computer (ICP) already proving its resilience in the market, many investors see Mpeppe (MPEPE) as the next logical step for substantial returns. The token is currently at an attractive price point, offering early investors a chance to ride the wave of growth expected once it hits the broader market. Analysts predict Mpeppe (MPEPE) could soar 150% or more, driven by strong demand and growing interest in the decentralized gambling sector.
The Future of ICP and Mpeppe
The crypto market remains highly volatile, and while Internet Computer (ICP) has proven itself as a resilient and innovative player, it’s clear that many investors are also keen on diversifying their portfolios with high-potential meme coins like Mpeppe (MPEPE). With Internet Computer (ICP) breaking above its $8.50 resistance and Mpeppe (MPEPE) nearing the completion of its presale, both tokens are positioned for continued growth in the final quarter of 2024.
Investors who have already profited from ICP’s bullish run are now doubling down on Mpeppe (MPEPE), hoping to capitalize on its 150% projected growth. As the gambling coin nears its launch, it will be interesting to see how both tokens perform in the increasingly competitive crypto market.
Conclusion
For those who have benefited from the recent surge in Internet Computer (ICP), reinvesting in promising new tokens like Mpeppe (MPEPE) offers a chance to ride the next wave of explosive growth. With ICP’s strong technical performance and Mpeppe (MPEPE)’s potential for substantial returns, 2024 could prove to be a transformative year for investors in both tokens.
As always, it’s essential to conduct thorough research and consider market conditions when investing in cryptocurrencies. While the potential for gains is significant, the volatility of the market means that caution should always be exercised. However, with Internet Computer (ICP) and Mpeppe (MPEPE) showing strong momentum, these two tokens are undoubtedly ones to watch in the coming months.
For more information on the Mpeppe (MPEPE) Presale:
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Pi Network seems to be losing ground as Pi Coin price continues to face strong selling pressure, dropping another 4% and slipping under $0.70. Furthermore, the PI trading activity in the ecosystem is also dropping, showing that the investors’ euphoria is fading away quickly. Also, the PI token unlocks happening over the past week and so have led to a negative sentiment.
Pi Network Faces Backlash Despite PiFest Announcement
Earlier today, the Pi Core team announced that the inaugural PiFest on the Open Network saw record participation, with over 125,000 registered sellers—including more than 58,000 active sellers—and 1.8 million Pioneers utilizing Map of Pi, while highlighting Pi’s real-world utility worldwide.
However, the community doesn’t seem to be pleased by this. Commenting on the reality of the PiFest, Dr. Altcoin noted: “Since the PiFest started, Pi trading activity in the Eco-system has been at its lowest. The only trade was selling Pi for Cash”. While slamming the core team further, Dr. Altcoin stated that the Pi co-founders “seem out of touch with the realities of the everyday Pi Community”.
Other community members have slammed Pi Core Team’s communication approach, stating that it has remained unchanged since the enclosed mainnet phase. Critics like Dao world argue that the monthly updates are too predictable and insufficient for sustaining a large and engaged community.
Community members are now advocating for a more transparent communication strategy, with calls for a new leadership figure who has a deep understanding of cryptocurrency.
Pi Network Reduces Base Mining Rate by 1.18% This Month
The Pi Network’s base mining rate has dropped by 1.18% this month, now standing at 0.0029030 π per hour. This adjustment continues the network’s trend of gradual mining rate reductions. Some community members speculate that the declining interest in mining may be linked to Pi’s current low trading value on exchanges.
Despite talks of the Pi Network listing on top crypto exchanges like Binance and Coinbase, it hasn’t fructified so far. However, the BTCC exchange stated that it has added the cryptocurrency for spot trading, but it failed to add any upward momentum to the Pi coin price.
Where’s Pi Coin Price Heading Next?
Over the past seven days, the Pi coin price has tanked by 20%, with the next crucial support levels at $0.60. Furthermore, the correction under $0.70 comes with heavy selling pressure as daily trading volumes tanked 52% to $148 million.
Pi Network is currently forming a classic falling wedge pattern, testing the lower boundary near $0.687. A confirmed breakout with volume above the $0.71–$0.72 range could signal a bullish move, potentially pushing the price toward $0.75–$0.78, where key resistance levels lie.
Some market analysts still have the hope that PI cryptocurrency could reverse the trajectory to hitting highs of $3 and above.
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.
PENDLE price has led the broader market gains this Wednesday, pumping nearly 8% amid bullish developments. Recent whale metrics indicated that large-scale investors bought roughly $8 million of the token, whereas a crypto exchange behemoth also listed it previously. In an upshot, traders and investors are eyeing more gains in the asset’s price due to recent advancements that underscore rising demand for the crypto.
PENDLE Price Jumps 8% Amid Bullish Whale Transactions
As of press time, PENDLE price witnessed an 8% uptick in value and exchanged hands at $3.05. The crypto’s 24-hour low and high were registered as $2.84 and $3.07, respectively.
On a keynote, the rising price action aligns with the heightened buying pressure bought by whales in recent days. The latest data from tracker Lookonchain showed that whales bought roughly $8 million worth of coins in the past 5 days. Per the data, five newly created wallets collectively accumulated the aforementioned amount.
Here Are The PENDLE Whale Addresses Captured:
-0x21fBA58b20f62397c015b1f5a15f742ad430dFA
-0x2EB48c60F4ea75fa0a0Ff5BB017EBD9f5981b8F5
-0x11DFEDf01B3FA824BbCB138159B2e6AFE43692a3
-0x981D8856f572Fb076626265114EAD67697dA5501
-0x6478C8681ADC3E7a0C17Aa1E1F0Ff16d1A61a8f6
Why Are Whales Accumulating?
Meanwhile, the rising whale accumulations and PENDLE price upswing fall in line with another bullish development. Crypto exchange behemoth Coinbase unveiled a listing for the token at the end of March last month.
As a result, large-scale investors are hoarding massive amounts of the token, aiming to capitalize on emerging market opportunities.
Historically, listings on top crypto exchanges usually usher a bullish price action as they substantially increase an asset’s market exposure, thereby welcoming more funds from investors. CoinGape previously reported another similar chronicle, wherein cryptos BROCCOLI and TUT price rallied with their listings on Binance. Similarly, the Coinbase listing appears to be a vital catalyst for driving the whale frenzy and recent price upswing.
Can Bullish Developments Fuel Bull Run Ahead?
Usual market sentiments continue to tilt in favor of bulls, given the Coinbase listing and rising whale accumulations. Further, a renowned crypto market trader has poured additional optimism surrounding the coin’s future price action with his bullish prediction.
Analyst AMCrypto recently took to X, revealing that PENDLE price is forming an “inverse head and shoulder pattern.” This pattern formation suggests that a potential trend reversal from bearish to bullish is brewing amid bullish advancements.
In light of this dynamic, the analyst predicts that a break above $3 paves the way for a massive rally ahead. As mentioned above, the coin is currently trading above this price level. As a result, market watchers continue to weigh further bullishness on the asset’s long-term price prospects.
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.
Asset manager VanEck has registered for a proposed BNB exchange-traded fund (ETF), the latest among the list of its new crypto ETF filings. As a result, the trading volume for BNB Coin has shot up by 42% to more than $2.12 billion, as analysts are now closely watching for a BNB price rally to all-time highs.
In BNB Price Ready for A Mega Rally?
BNB Coin has performed relatively well over the past month compared to Bitcoin and other altcoins. While BTC and top altcoins like ETH, SOL, XRP saw double-digit losses in March, BNB Coin is down just 1% on the monthly chart. After a strong consolidation of around $610 levels, the BNB price could be eyeing a strong breakout to new all-time highs.
BNB Burn and Pascal Hardfork Offer Support
BNB Coin features a real-time burn mechanism that permanently removes a portion of gas fees from circulation. Over the past seven days, 951.85 BNB worth $571,747.74 was burned, contributing to a total burn value of nearly $160 million, as per data from BNBBurn.
BNB’s price recently gained momentum following the implementation of the Pascal hard fork, which enhanced its compatibility with Ethereum. The network is preparing for additional hard forks this month and in June, aimed at further improving transaction speeds.
Additionally, BNB Chain is gaining a lot of popularity among meme coins, adding support for Mubarak meme coin, CZ’s Dog BROCOLLI meme coin, and others.
Looking at the technical setup, the BNB price chart shows that the altcoin is forming a cup-and-handle pattern, along with an ascending channel pattern formation, as shown in the image below.
On the other hand, BNB price is trading above the 50-day moving average, which is a positive indicator. But for the altcoin to kickstart a rally to its all-time high of $790, it must first complete the handle formation at $662, and give a breakout above that level.
As of press time, BNB Coin is trading at $603 levels with its daily trading volume up by 42%, surging past $2.12 billion. Furthermore, the Coinglass data shows that the BNB options trading volume is also up by 46%.
VanEck Files for Spot BNB ETF
$115 billion asset manager VanEck filed for the spot BNB ETF in Delaware on Tuesday, April 1, which could serve as a major catalyst for the BNB Coin rally ahead. The proposed BNB ETF would follow the price of BNB, the fifth-largest cryptocurrency by market capitalization.
Apart from BNB, VanEck has already submitted crypto ETF applications for Bitcoin, Ether, Solana, and Avalanche. VanEck filed for SEC approval last month to launch the first AVAX ETF, building on its success with spot Bitcoin and Ethereum ETFs.
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.
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