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3 Reasons Why The XRP Community Is Buzzing Over Mpeppe

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6 months ago

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The world of cryptocurrency is as dynamic as it is unpredictable, and recent trends have shown that even established tokens like Ripple (XRP) are not immune to market pressures. With XRP’s price facing downward pressure and investor sentiment becoming increasingly cautious, many XRP holders are looking for new opportunities to grow their wealth. One such opportunity that has caught the attention of savvy investors is the ETH-based ICO Mpeppe (MPEPE), a rising star in the meme coin sector with the potential to deliver substantial returns.

Ripple (XRP): Facing Headwinds Amidst Market Uncertainty

Ripple (XRP) has long been a favorite among crypto enthusiasts, particularly for its role in facilitating cross-border transactions quickly and efficiently. However, recent market analysis suggests that XRP is facing significant challenges that could lead to further price declines.

As of mid-August 2024, Ripple (XRP) is struggling to maintain its value, hovering around $0.578963. Despite a brief recovery, the token has failed to stay above the 38.2% Fibonacci retracement line at $0.58, signaling weak investor conviction. This has raised concerns among holders, especially as market indicators point to a potential continuation of the downtrend.

The Chaikin Money Flow (CMF) for Ripple (XRP) shows that outflows are at a monthly high, indicating that more investors are pulling their money out of the token. Additionally, the daily active addresses (DAA) divergence is flashing sell signals, further exacerbating the selling pressure. With such bearish signals dominating the market, many Ripple (XRP) holders are reconsidering their positions and exploring alternative investments to protect and grow their wealth.

Mpeppe (MPEPE): A Promising New Opportunity

As XRP holders face uncertainty, Mpeppe (MPEPE) has emerged as a compelling alternative for those looking to diversify their portfolios and tap into the potential for high returns. Mpeppe (MPEPE), an Ethereum-based ICO, has quickly gained traction in the crypto community, particularly among those who are drawn to the speculative nature of meme coins.

Mpeppe (MPEPE) stands out in the crowded meme coin market due to its strategic positioning and strong community backing. Currently in its presale phase, Mpeppe has already raised over $935,892, with more than 64.85% of its tokens sold. This early success reflects the growing interest in Mpeppe as a high-potential investment, especially for those who are seeking to capitalize on the next big meme coin wave.

What makes Mpeppe (MPEPE) particularly attractive is its connection to the broader Ethereum ecosystem. As an ETH-based token, Mpeppe benefits from the robust infrastructure and widespread adoption of Ethereum, making it a more stable and scalable option compared to some other meme coins. Furthermore, the token’s smart contract address, 0xd328a1C97e9b6b3Afd42eAf535bcB55A85cDcA7B, is fully transparent and auditable, providing additional security and trust for investors.

Why XRP Holders Are Making the Switch

Several factors are driving Ripple (XRP) holders to consider investing in Mpeppe (MPEPE):

  1. Potential for High Returns: While XRP’s growth prospects are currently limited by market pressures, Mpeppe (MPEPE) offers the potential for exponential returns. Meme coins are known for their ability to generate massive gains in a short period, especially when they capture the public’s imagination. Mpeppe is well-positioned to do just that, with its viral appeal and strong presale performance.
  2. Diversification: In a market as volatile as cryptocurrency, diversification is key to managing risk. By investing in Mpeppe (MPEPE), Ripple (XRP) holders can diversify their portfolios, reducing their exposure to XRP’s potential downside while still participating in the lucrative meme coin sector.
  3. Community and Engagement: Mpeppe (MPEPE) is more than just a speculative asset; it’s a community-driven project that leverages the power of social media and online communities to build momentum. For investors who value active participation and engagement, Mpeppe offers a dynamic environment where they can be part of the project’s growth.

Conclusion: A Strategic Move for Wealth Building

As Ripple (XRP) faces continued market challenges, many of its holders are seeking new avenues to protect and grow their wealth. Mpeppe (MPEPE), with its strong presale performance and promising potential, has emerged as a top choice for those looking to diversify their investments and capitalize on the next big opportunity in the crypto market.

For XRP holders, joining the Mpeppe (MPEPE) ICO represents a strategic move to balance risk and reward in their portfolios. By leveraging the strengths of both XRP and Mpeppe, investors can position themselves for success in the ever-changing landscape of cryptocurrency. With the right timing and market conditions, Mpeppe (MPEPE) could very well be the key to achieving significant wealth growth, making it a worthy consideration for any serious crypto investor.

For more information on the Mpeppe (MPEPE) Presale: 

Visit Mpeppe (MPEPE)

Join and become a community member: 

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ



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ByBit Hacked, BTC Stagnant, LTC ETF Advances

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12 minutes ago

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February 23, 2025

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Crypto Highlights This Week: The broader market concludes another interesting week, primarily keeping investors on their toes. Cryptocurrency exchange behemoth Bybit suffered a $1.4 billion hack this week, whereas BTC and altcoins remained stagnant despite market advancements. Simultaneously, the meme coin sector panicked amid the emergence of the Argentinian LIBRA token.

Here’s a brief collection of some of the top crypto market updates reported by CoinGape Media over the past week.

Weekly Crypto Highlights: ByBit Exchange Hacked By N. Korean Group

The renowned cryptocurrency exchange Bybit was hacked by ‘The Lazarus Group’ this week, resulting in a massive exploitation of funds. Reportedly, the North Korean criminal organization stole $1.4 billion worth of ETH from the crypto exchange.

As a result, the broader crypto market saw a whopping $566 million liquidated in a day as investors started panic selling. In turn, BTC and altcoins reversed recent gains, backtracking to previous lows. BTC price closed the week at around $96K, whereas ETH was near $2,800. XRP & SOL also reversed recent gains, trading in the red this weekend.

It’s also worth mentioning that ByBit rolled out a $140 million bounty for cybersecurity experts to recover $1.4 billion stolen in Ethereum.

LIBRA Token Panic: What Happened?

Meanwhile, Argentinian President Javier Milei endorsed the Solana-based LIBRA meme token this week, which soon rocketed in value. However, the market was taken by storm when insiders cashed out massive amounts amid the rally, urging LIBRA price to crash over 90%. This saga raised rug-pull concerns surrounding the crypto, further bringing heat to its price.

However, President Javier Milei ordered a probe into the launch and KIP Protocol, aiming to rectify the error and bolster the token. This saga has emerged as another noteworthy crypto highlight this week, underscoring the market’s risky nature.

ETF Filings This Week

Simultaneously, a stockpile of ETF advancements was witnessed this week. Canary Capital’s Litecoin ETF emerged on Depository Trust & Clearing Corporation (DTCC), solidifying chances of approval.

Further, Grayscale’s XRP ETF entered the U.S. SEC’s review mode.

Also, asset manager Franklin Templeton filed an S-1 to launch a spot Solana ETF with the U.S. SEC this week. Mentioned above are the top crypto market highlights for this week, which appear to have substantially impacted investor sentiment.

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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.





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Bybit Turns To Bitget And Binance For $239 Million ETH Loan Amid Withdrawal Spike

Published

3 hours ago

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February 23, 2025

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Bybit, a popular crypto exchange, is reeling from the massive hack worth $1.5 billion in digital assets. According to reports, the hackers targeted the crypto exchange’s cold wallet, an offline storage system, to steal the exchange’s assets, primarily Ether. On-chain data reveals that the stolen funds were quickly transferred into different wallets and liquidated on several platforms.

Ben Zhou, Bybit’s CEO, promptly addressed the hack and told users that the site’s other cold wallets are secure and withdrawals are processed “normally”. 

As the company struggles with a surge in withdrawal requests, it received over 88,000 ETH (worth around $239 million) from popular exchanges like Binance and Bitget. The fresh crypto transfers from these two popular exchanges boosted Bybit’s liquidity, allowing it serve the customers’ withdrawal requests.

Authorities Link Breach To North Korean Hacking Group

Friday’s hacking of the Bybit cold wallet is considered the biggest crypto hacking on record. Arkham Intelligence and Elliptic said the stolen digital assets were quickly transferred to different accounts and liquidated within minutes. Elliptic reports that the hacking is by far the biggest in the industry and easily surpassed the stolen $570 million from Binance in 2022 and the $611 million worth of crypto assets drained from Poly Network in 2021.

Elliptic speculated that the Lazarus Group, a state-backed hacking team in North Korea, perpetrated the hack. The Lazarus Group is known for its crypto-hacking activities, stealing billions of dollars from different sites. 

Bybit Gets Help From Binance And Bitget

As Bybit struggled to service the surge of withdrawals, it received help from other popular exchanges to cover the requests. Arkham said the exchange received more than 88,000 Ether or roughly $239 million from Binance and Bitget addresses.

The fund infusion can boost the exchange’s current liquidity as it addresses the massive withdrawal requests. Bybit confirmed that its users moved funds from the exchange after the hack was made public.

ETH is currently trading at $2,734. Chart: TradingView

Arkham said Bitget transferred 40,000 Ether, or $106 million, to a Bybit cold wallet on February 21st at 19:44 (UTC). Lookonchain argued that Bitget transferred its funds to the exchange to boost its liquidity and serve as a vote of confidence. 

After 10 minutes, a Binance hot wallet transferred 11,800 Ether or $31 million to the same Bybit cold wallet address. In total, Binance has transferred 47,800 Ether or $127.48 million. 

CEO Explains Crypto Exchange Remains Solvent

Bybit’s CEO, Ben Zhou, has assured its users and customers that the exchange is solvent. In a Twitter/X post, the CEO explained that the customers’ funds are backed 1:1 and that the company can service the losses even if it fails to recover them.

Featured image from Adobe Stock, chart from TradingView





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Can Bitcoin Erase US Debt By 2049? VanEck Research Weighs In

Published

8 hours ago

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February 22, 2025

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VanEck has announced a bold prediction that Bitcoin will play a critical role in managing the United States’ rising national debt. The study, based on Senator Cynthia Lummis’ proposed Bitcoin Act, shows that a strategic Bitcoin reserve may partially balance the country’s debt by 2049. But how feasible is this concept?

The Potential Impact Of Strategic Bitcoin Reserves

The study examines a scenario in which the US government obtains up to 1 million BTC during a five-year period. If this strategy comes to fruition, VanEck believes that such a reserve may help balance almost $21 trillion in national debt by 2049. Based on forecasts of future debt growth, this equates to around 18% of the expected total debt at the time.

However, this positive forecast is heavily reliant on Bitcoin’s price trajectory. VanEck’s model forecasts that BTC will grow at a 25% compounded annual rate (CAGR). Starting with an estimated acquisition price of $100,000 per unit in 2025, the crypto would need to see sustained price increases over the next two decades.

Source: VanEck

Debt Growth Versus Bitcoin Appreciation

The study considers the expected 5% annual rate of increase in US debt trajectory. Any effort to balance the predicted $100 trillion national debt by 2049 will need assets with big appreciation potential.

Though highly volatile, Bitcoin presents both a challenge and an opportunity. A 25% CAGR is an ambitious aim considering past pricing volatility, regulatory uncertainties, and industry acceptance patterns. Should the slow down in the crypto’s expansion, the reserve might not meet expectations, therefore lessening its value in addressing national debt.

BTC is now trading at $96,456. Chart: TradingView

Bitcoin As A Government Asset

VanEck’s view is consistent with a broader discussion concerning the leading digital currency’s role in national economies. Countries such as El Salvador have already adopted the top coin into their financial plans, albeit on a far lesser scale. If the US took a similar strategy, it would be an unparalleled shift in monetary policy.

The practicality of building such a massive Bitcoin reserve raises concerns. Would the government buy the crypto asset gradually or in bulk? How would it safeguard and govern such an asset? These uncertainties complicate VanEck’s vision.

A High-Risk Gamble Or A Financial Breakthrough?

VanEck’s research presents an intriguing possibility, despite these obstacles. The potential of BTC as a long-term wealth reserve is still a topic of debate among economists and policymakers. It may be feasible to employ the digital asset to mitigate national debt if its value continues to increase.

For now, the feasibility of this strategy remains uncertain. The US government has yet to indicate any concrete plans to acquire the alpha crypto on a large scale. But with national debt rising and Bitcoin’s influence growing, discussions around this unconventional solution are far from over.

Featured image from Gemini Imagen, chart from TradingView



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