Altcoin
Experts Predict Mpeppe’s Impressive Performance Could Spark Ethereum Recovery
In the volatile world of cryptocurrency, Mpeppe (MPEPE) has been making waves, garnering attention from investors as a new player in the decentralized gambling sector. Experts are predicting that Mpeppe’s success could even spark a recovery for Ethereum (ETH), a long-time stalwart in the blockchain ecosystem. With Ethereum showing signs of a potential breakout and Mpeppe (MPEPE) gaining traction in its presale stages, the two tokens are setting the stage for what could be a transformative moment in the crypto market.
Ethereum’s Road to Recovery
Ethereum (ETH) has long been a leading force in the cryptocurrency space, known for its role in decentralized applications (dApps), smart contracts, and as the backbone of decentralized finance (DeFi). However, after facing a challenging year, Ethereum has struggled to regain its former price highs. Currently priced around $2,383, experts such as the prominent crypto analyst Kaleo predict a significant recovery could be on the horizon.
According to Kaleo, Ethereum (ETH) may have already hit its local low and is poised for an upward move. He suggests that ETH could surge to $4,400 in the coming months. This positive forecast comes at a time when the crypto market has been recovering from a prolonged period of correction, and many are watching Ethereum closely to see if it can reclaim its status as a leading digital asset.
Mpeppe (MPEPE): A Rising Star in the ETH Ecosystem
Mpeppe (MPEPE), a new gambling-focused ICO built on Ethereum’s blockchain, has quickly gained momentum. Its focus on decentralized and transparent gambling has attracted investors looking for innovation in the cryptocurrency space. Mpeppe (MPEPE)’s unique approach, leveraging Ethereum’s smart contract capabilities, has been instrumental in its early success.
The Mpeppe (MPEPE) token, currently priced at $0.0021, has completed 80% of its Stage 4 presale, showcasing strong demand from the crypto community. As more investors flock to Mpeppe (MPEPE), the token’s success is likely to have a ripple effect on Ethereum, as it further cements ETH’s role as the foundation for innovative decentralized applications.
Mpeppe’s rise has been particularly interesting for Ethereum (ETH) holders, as it demonstrates the continued utility and demand for Ethereum-based projects. Mpeppe (MPEPE) could serve as a catalyst for Ethereum’s price surge, providing a boost of confidence to the entire Ethereum (ETH) ecosystem.
Ethereum and Mpeppe: A Symbiotic Relationship?
Ethereum’s scalability solutions, such as sharding, are expected to enhance the network’s efficiency, which will benefit all Ethereum-based projects, including Mpeppe (MPEPE). As Ethereum continues to evolve, its ability to support new and exciting decentralized applications like Mpeppe will be key to its long-term success.
While Ethereum (ETH) faces competition from other blockchains like Solana, its robust ecosystem and widespread developer support remain unmatched. This makes Ethereum the ideal platform for projects like Mpeppe, which rely on the blockchain’s security and scalability features. Mpeppe, in turn, could help boost Ethereum’s visibility by attracting more users to the network through its decentralized gambling platform.
Crypto Market Trends and Outlook
As the crypto market heads toward the final quarter of the year, there’s a growing sense of optimism. Analysts have dubbed the upcoming months “Uptober” and anticipate even greater gains in November. Ethereum (ETH) is expected to benefit from this bullish market sentiment, and projects like Mpeppe could further amplify its recovery.
The resurgence of Ethereum (ETH) is crucial for the broader market, and many believe that its price could hit the $4,400 mark as predicted by Kaleo. This would be a significant jump from its current price, and Mpeppe’s (MPEPE) success could play a role in driving this recovery. Investors are encouraged to keep a close eye on both tokens, as the next few months could offer exciting opportunities for those willing to take the plunge.
Could Mpeppe (MPEPE) and Ethereum (ETH) Create the Next Wave of Millionaires?
The potential for both Ethereum (ETH) and Mpeppe (MPEPE) to deliver strong returns cannot be ignored. Ethereum, with its established infrastructure and ongoing upgrades, is well-positioned to see substantial growth in the coming years. Meanwhile, Mpeppe (MPEPE) offers a unique entry point for investors looking to capitalize on a new and innovative project in the decentralized gambling space.
For those holding Ethereum (ETH), Mpeppe (MPEPE) represents an opportunity to diversify within the ETH ecosystem while benefiting from the potential upside of both tokens. As the market continues to evolve, Mpeppe (MPEPE) and Ethereum could become two of the standout performers, delivering impressive returns for investors.
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
The SHIB community is once again surfing optimistic tides within the crypto realm with a staggering 12,000% uptick in the Shiba Inu burn rate and a key Shibarium milestone achieved lately.
On Wednesday, April 2, burn statistics signaled that over 115 million coins were removed from the circulating supply, whereas transactions on the Layer 2 blockchain scaled new heights by topping 1 billion. In response, crypto market participants are now eyeing a highly bullish future for one of the most renowned dog-themed meme tokens amid bolstered market dynamics.
Shiba Inu Burn Rate Soars Over 12,000%, Supply Takes A Blow
Data from the official tracker Shibburn indicated that the SHIB burn rate surged 12,278.89% in the past 24 hours. Per the data, this massive surge rode the back of 115.89 million tokens removed from the supply in just a day.
Notably, the burn mechanism permanently reduces the circulating supply by transferring tokens to a null address. As a response, traders and investors weigh bullishness on the asset’s future prospects by considering the law of supply and demand.
With today’s massive burn saga, the total number of coins killed to date reached 410.72 trillion SHIB. Meanwhile, 584.35 trillion tokens still remain in circulation. Further, it’s worth mentioning that the wallet address “0xc439514852e132c” single-handedly burnt 92.64 million tokens, aiding the surge.
The impact of the constant Shiba Inu burns has kept investors hopeful about a price rally ahead. On the other hand, the coin’s layer 2 blockchain, Shibarium, is making monumental strides.
Shibarium Transaction Volume Hits 1B
SHIB’s marketing lead Lucie further revealed on X that the transaction volume on the Layer 2 blockchain has crossed the 1 billion mark. This chronicle has added to the optimistic buzz orbiting the crypto as it underscores its network’s rising popularity.
Soon after its launch in August 2023, the L2 network gained significant traction with its vast offerings. Ranging from seamless transactions and gaming opportunities to utilities with tokens such as TREAT, LEASH, and BONE, the L2 network offers users top-notch services in the Web3 space. The rising transactions add to bullish market sentiments, accompanying the Shiba Inu burn rate upswing.
Is SHIB Price Gearing Up For A Rally?
Despite the bullish advancements, SHIB price traded down nearly 4% today, resting at $0.00001224. The meme coin hit a low and a peak of $0.00001214 and $0.00001312 in the past 24 hours. Besides, the weekly chart also indicated a 20% crash in value. This bearish action has kept investors cautious over future aspects despite the Shiba Inu burn surge and Shibarium advancement.
Simultaneously, a renowned crypto market trader going by the name Nebraskangooner revealed that SHIB continues to reject resistance just like other altcoins. Crypto market participants continue to thoroughly monitor the token, given that some market stats indicate a bullish stance whilst the price wanes.
Also, CoinGape reported that the coin’s lead developer, Shytoshi Kusama, shared a cryptic location update recently. The abovementioned chronicles are some of the most buzz-worthy Shiba Inu news lately.
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.
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.
What’s Fueling The Shibarium Boost?
BNB Price Faces More Downside—Can Bulls Step In?
Tokenized Gold Market Cap Tops $1.2 Billion as Gold Prices Surge
VanEck Sets Stage for BNB ETF with Official Trust Filing
Pi Network Faces Community Backlash, Is Pi Coin Price Heading to Zero?
XRP Recovery Stalls—Are Bears Still In Control?
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
-
Bitcoin23 hours ago$500 Trillion Bitcoin? Saylor’s Bold Prediction Shakes the Market!
-
Altcoin22 hours agoWill XRP, SOL, ADA Make the List?
-
Altcoin20 hours agoBinance Update Sparks 50% Decline For Solana Meme Coin ACT: Details
-
Market23 hours agoCoinbase Stock Plunges 30% in Worst Quarter Since FTX Collapse
-
Market24 hours agoFake Gemini Bankruptcy Emails Target Users
-
Altcoin18 hours agoXRP Price to $27? Expert Predicts Exact Timeline for the Next Massive Surge
-
Market17 hours agoEthereum Struggles to Break Out as Bear Trend Fades
-
Market22 hours agoEthereum Reclaims Top DeFi Spot As Solana DEX Volume Drops
✓ Share: