Altcoin
Ethereum Whale Double Down on New Cryptocurrency Built on ETH Blockchain
Ethereum (ETH) whales are making headlines by investing heavily in a new cryptocurrency that has taken the digital finance world by storm—Mpeppe (MPEPE). Built on the Ethereum (ETH) blockchain, Mpeppe (MPEPE) represents a significant shift in the cryptocurrency landscape, combining the best of meme culture with the robust functionality of decentralized finance (DeFi). Here’s a detailed look at why Ethereum (ETH) investors are flocking to Mpeppe (MPEPE) and what makes this new cryptocurrency stand out.
Why Ethereum (ETH) Whales Are Turning to Mpeppe (MPEPE)
Mpeppe (MPEPE) is quickly becoming a noteworthy player in the cryptocurrency market. Drawing inspiration from the success of meme-based cryptocurrencies and integrating them with advanced DeFi protocols, Mpeppe (MPEPE) offers a fresh take on digital assets. Unlike traditional cryptocurrencies, Mpeppe (MPEPE) harnesses the viral nature of memes to engage a broad audience, leveraging the cultural momentum of internet phenomena.
Ethereum (ETH) whales are increasingly investing in Mpeppe (MPEPE), seeing its potential to outperform traditional assets. Mpeppe (MPEPE) integrates advanced DeFi features such as yield farming, liquidity mining, and decentralized governance mechanisms. These elements enhance its utility and value, providing a sophisticated financial ecosystem that appeals to Ethereum (ETH) investors looking for more than just speculative gains.
Moreover, Mpeppe (MPEPE) stands out by combining meme culture with serious DeFi functionalities. Its approach to community involvement and innovation resonates with Ethereum (ETH) whales who value both the technological and cultural aspects of cryptocurrency investments. The fusion of Ethereum (ETH) technology with meme-based marketing strategies positions Mpeppe (MPEPE) as a high-growth asset. Ethereum (ETH) whales see significant potential in Mpeppe (MPEPE) due to its ability to capture market attention and drive substantial value through its unique approach.
How Mpeppe (MPEPE) Enhances DeFi Ecosystems
Mpeppe (MPEPE) isn’t just another meme coin; it represents a significant advancement in DeFi integration. By adopting features like yield farming and liquidity mining, Mpeppe (MPEPE) adds tangible value to its ecosystem. Yield farming allows users to earn rewards through their participation, making holding and using Mpeppe (MPEPE) more attractive. Liquidity mining enables users to provide liquidity to decentralized exchanges, earning additional tokens in return. Furthermore, Mpeppe (MPEPE) incorporates decentralized governance mechanisms, giving the community a voice in its development and direction.
The Strategic Advantage of Ethereum (ETH) and Mpeppe (MPEPE) Synergy
The strategic alignment of Mpeppe (MPEPE) with Ethereum (ETH) blockchain technology offers several advantages. Ethereum (ETH) whales are keenly aware of how Mpeppe (MPEPE) leverages Ethereum (ETH)’s robust infrastructure to enhance its own capabilities. This synergy not only boosts Mpeppe (MPEPE)’s credibility but also provides a secure and scalable platform for its DeFi innovations.
Looking Ahead: The Future of Mpeppe (MPEPE) and Ethereum (ETH) Investments
Ethereum (ETH) whales are investing in Mpeppe (MPEPE), a cryptocurrency with significant potential for growth and innovation. MPEPE combines advanced DeFi protocols with meme culture, making it a revolutionary force in the crypto space. This presents an opportunity for investors to capitalize on a new frontier of digital assets, offering both excitement from meme culture and functionality from DeFi. MPEPE presents a fascinating blend of technology and culture, promising to reshape cryptocurrency investments.
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
American multinational investment management company Franklin Templeton has made global headlines this Wednesday by revealing that it is eyeing a crypto ETP launch in Europe. The company with over $1.5 trillion in AUM (Assets Under Management) now follows the footsteps of its rivals BlackRock and 21Shares, who previously revealed similar plans for the region. Following its remarkable success in the U.S. with a Bitcoin ETF, this mover has echoed a notable market buzz, paving the way for further investor interaction with the digital asset class.
Franklin Templeton Considers Crypto ETP Launch In Europe
According to an X post by Bitcoin Magazine on April 2, Franklin Templeton is considering launching Bitcoin and crypto ETP in Europe. With this decision, the asset manager is poised to join the fray alongside BlackRock and 21Shares to achieve such a feat in the region.
A company spokesperson revealed that while plans to launch a digital asset-backed ETP are not “immediate, “observing and keeping pace with the evolving regulatory framework in Europe and elsewhere to create those cryptocurrency products that best cater to our clients’ demands” remain vital. Also, they added, “We are constantly exploring the possibility of launching innovative products in all asset classes,” ETF Stream reported.
Franklin Templeton Follows BlackRock & 21Shares’ Footsteps?
Meanwhile, CoinGape recently reported that BlackRock also launched its iShares Bitcoin Trust in the same region. This ETP is featured on Xetra and Euronext Paris under the ticker IBIT, while investors can also find it on Euronext Amsterdam.
Additionally, asset manager 21Shares expanded its crypto ETP offerings in Europe the previous week. Reportedly, the asset manager launched Bitcoin, Solana, and XRP Exchange-Traded Products (ETPs) on Nasdaq Stockholm, enhancing regional investor participation for the digital asset class. Overall, the European crypto ETP scenario continues to take a paradigm-favorable shift as Franklin Templeton now joins the race, adding to institutional support in the region.
Bitcoin ETF Success In The U.S. Garners Attention
Simultaneously, it’s worth taking into account the prominent market success of Franklin Templeton Digital Holdings Trust (EZBC) in the U.S. Sosovalue data indicates that the asset manager currently holds net assets worth $428.52 million within its spot Bitcoin ETF holdings. The considerably large holdings in just a year of BTC ETF’s inception underline the trading products and the asset manager’s phenomenal success. This market capitalizing stand also fuels optimism for crypto ETPs launch in Europe, given the feat happens ahead.
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.
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.
Kraken Obtains Restricted Dealer Registration in Canada
Lummis Confirms Treasury Probes Direct Buys
Franklin Templeton Eyes Crypto ETP Launch In Europe After BlackRock & 21Shares
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
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
-
Altcoin23 hours agoXRP Price to $27? Expert Predicts Exact Timeline for the Next Massive Surge
-
Market21 hours agoHow Did UPCX Lose $70 Million in a UPC Hack?
-
Market23 hours agoBinance Megadrop Launches KernelDAO
-
Market22 hours agoEthereum Struggles to Break Out as Bear Trend Fades
-
Market20 hours agoHill Rejects Interest-Bearing Stablecoins Despite Armstrong’s Wish
-
Bitcoin17 hours agoBitcoin Could Serve as Inflation Hedge or Tech Stock, Say Experts
-
Market17 hours agoSUI Price Stalls After Major $147 Million Token Unlock
-
Market16 hours agoBeInCrypto US Morning Briefing: Standard Chartered and Bitcoin
✓ Share: