Altcoin
A.I Cryptocurrency Internet Computer (ICP) Takes A Further 10% Hit, Here’s Why
The cryptocurrency market is no stranger to volatility, but the recent performance of Internet Computer (ICP) has raised eyebrows as it takes another 10% hit. Despite its ambitious goals and high-profile partnerships, Internet Computer (ICP)’s price continues to struggle. As the market watches this downturn, a new contender, Mpeppe (MPEPE), is gaining attention with its promising presale performance. The question on everyone’s mind is: why is ICP faltering, and could Mpeppe (MPEPE) be a better investment?
The Rise and Fall of Internet Computer (ICP)
Internet Computer (ICP) was launched with a bold vision—revolutionizing the internet by enabling developers to build websites, enterprise IT systems, and internet services directly on its blockchain. The project, led by the DFINITY Foundation, aimed to decentralize the web, offering a new era of internet freedom and efficiency. However, despite its initial success and substantial backing, Internet Computer (ICP) has faced significant challenges in maintaining its market value.
Recently, Internet Computer (ICP) experienced a 10% drop, continuing a downward trend that has been difficult for the token to shake off. Several factors have contributed to this decline, including market sentiment, competition from other projects like Mpeppe (MPEPE), and the complexities involved in the Internet Computer (ICP) ecosystem.
ICP’s Involvement in Crypto AI
One of the most recent developments for Internet Computer (ICP) was its partnership with Crypto AI, Europe’s leading Crypto AI conference, as a title sponsor. Announced in August 2024, this partnership was seen as a strategic move to align ICP with the growing field of artificial intelligence (AI) within the blockchain industry. The conference, set to take place in November 2024 in Lisbon, has attracted numerous high-profile speakers and influencers, further solidifying its significance in the crypto world.
While the partnership with Crypto AI was expected to bolster Internet Computer (ICP)’s market presence, the market’s reaction has been lukewarm. The recent 10% drop in Internet Computer (ICP)’s price reflects investor uncertainty about the project’s long-term viability. Meanwhile, Mpeppe (MPEPE) has been making waves with its presale, nearing the completion of Stage 3, with over 97% of tokens already sold. This stark contrast in performance highlights the growing interest in Mpeppe (MPEPE) as a potential game-changer in the crypto space.
Market Sentiment and Competition
While Internet Computer (ICP) continues to push forward with its ambitious goals, the broader market sentiment has not been favorable. Investors have expressed concerns about the project’s complexity, the steep learning curve associated with its ecosystem, and the slow pace of adoption compared to other blockchain projects. These factors have contributed to a sense of hesitation among potential investors, leading to a decline in Internet Computer (ICP)’s price.
Furthermore, competition from other blockchain platforms, such as Ethereum and newer projects like Mpeppe (MPEPE), has intensified. Mpeppe (MPEPE), in particular, has gained significant traction in the market, rallying 150% in its presale stages and attracting a wave of investors looking for the next big opportunity. The rise of such competitors has put additional pressure on ICP to prove its value proposition in an increasingly crowded market.
Strategic Partnerships and Future Outlook
Despite the recent challenges, Internet Computer (ICP) has not been without its successes. The partnership with Crypto AI, along with other strategic alliances, highlights Internet Computer (ICP)’s ongoing efforts to remain relevant in the fast-evolving crypto landscape. The involvement of Internet Computer (ICP) in high-profile events and its collaboration with key industry players demonstrate the project’s potential to make a significant impact in the long run.
However, the immediate future for Internet Computer (ICP) remains uncertain. The recent 10% drop is a stark reminder of the market’s volatility and the challenges that even well-established projects face. To regain investor confidence, Internet Computer (ICP) will need to deliver on its promises and show tangible results in terms of adoption and real-world applications.
In contrast, Mpeppe (MPEPE) continues to shine as its presale progresses. With the strong momentum in Stage 3 and the potential for substantial returns, Mpeppe (MPEPE) is positioning itself as a strong competitor in the meme coin space. Investors are taking notice, and the excitement around Mpeppe (MPEPE) suggests that it could be the next big thing in the crypto world.
Conclusion: ICP’s Road Ahead
Meanwhile, Mpeppe (MPEPE) is rapidly gaining ground, with its presale performance indicating strong investor interest and the potential for significant growth. As the cryptocurrency market continues to evolve, the battle for dominance among blockchain platforms will only intensify. Mpeppe (MPEPE) is emerging as a major player in this space, offering a fresh opportunity for investors looking to capitalize on the next wave of innovation in the crypto world.
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Cardano price has been facing significant price fluctuations recently, with its value hovering around $0.68 as of April 2025. Traders and investors are watching closely to see whether ADA can bounce back to $0.70 or face further declines towards $0.60.
Crypto Market Volatility Drives ADA’s Recent Price Action
Over the past few days, Cardano’s price has seen moderate fluctuations. After dipping to a low of $0.663, ADA price briefly rebounded to reach highs of $0.69. Despite these ups and downs, the cryptocurrency closed on the green side, which points to at least some of the buying pressure.
The price action states that a general bullish trend was seen where most of the cryptocurrencies moved up, then down.
Overall market has remained very unstable and traders have been seen transferring their positions by buying during any falling. Consequently, ADA’s price was able to remain somewhat stable and maintain its position above some important support levels. The 24-hour chart indicates that Cardano’s price is currently sitting just above the $0.68 mark, up by 0.90%. Nevertheless, it is down by about 7.87% in the past week, which hints at poor performance in reversing the downtrend.
ADA Price Support and Resistance Levels to Watch
Traders are paying close attention to ADA’s key support and resistance levels. The nearest support level is $0.63, which, if broken, will imply further decline in the value, or a possible reversal of the trend if the price retests this level.
If Cardano goes below this level, the subsequent level of support may be between $0.60 and $0.61. Any move below $0.63 looks reasonably bearish, and opens the possibility of ADA testing these particular lows.
On the other hand, Cardano must clear its resistance levels to regain bullish momentum. The daily moving averages at $0.73 (200-day moving average) and $0.75 (50-day moving average) are important barriers to watch. As of now, the RSI stands at 46.27, just below the neutral level of 50. An RSI below 50 means that ADA is not yet in a bullish trend, although it could be in the reclaiming process if only the buying pressure rises. At the moment, the MACD Is show a bearish outlook as the MACD line is below the signal line.
However, there are signs of weakening bearish momentum, as the histogram shows increasing green bars. This suggests that while the market is still in a bearish phase, ADA may soon experience a bullish reversal if the MACD crosses into positive territory. Moreover, ADA’s price action also forms a Falling Wedge pattern, which is typically considered a bullish reversal pattern despite the death cross formed ealier today threatening a 25% ADA price dip.
Analyst Outlook for Cardano’s Price Movement
Crypto analysts are mixed in their outlook for Cardano in the short term. Some experts predict that ADA could continue to trade within its established range between $0.63 and $0.75.
However, a breakout above the $0.75 resistance could set the stage for a stronger upward move, with some even setting a target of $1 for the next few weeks. Moreover, according to a TradingView analysis shared, Cardano price has been following an established ascending channel pattern over the years. This pattern has historically led to significant price surges when ADA moved between its upper and lower trendlines. In the past, a similar channel saw ADA rise from $0.20 to over $2.70 in 2021.
The TradingView chart suggests that if ADA continues to follow this pattern, it could see significant upside potential in the long term. Analysts believe ADA might push towards $50.48 by the end of 2025, as it follows this channel’s upward trajectory. Such a move would require continued market optimism and strong demand for ADA.
On the flip side, analysts like Ali Martinez warn that Cardano is at a critical juncture. If ADA fails to reclaim the $0.70 to $0.80 support zone, it could see a deeper correction. Some experts suggest that ADA might test the lower $0.30s, though this scenario would require a more severe breakdown from current levels.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
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.
Elon Musk’s time at the Department of Government Efficiency (DOGE) is coming to an end following White House chatter. While DOGE has had a significant impact since its launch, Musk’s departure will have unintended consequences for Dogecoin price.
Is Elon Musk Leaving DOGE?
A Politico report suggest that the curtain could be falling on Elon Musk’s time at DOGE after nearly four months. Musk has been leading operations at the department since its formation, stifling fraud and reducing government inefficiency.
However, the report notes that the Tesla CEO will be leaving the agency to focus on his business empire. Per the report, Musk’s departure is linked to growing criticisms over his handling of DOGE operations since taking over the reins.
Elon Musk’s supporters argue that a transition is in order with the blueprint for DOGE already established. Furthermore, whispers of a departure are coinciding with the end of a 130-day exemption for Musk to operate as a special government employee, allowing him to sidestep a maze of conflict of interest rules.
Despite, clear signals for his Elon Musk’s departure, President Trump vows to keep the billionaire at DOGE for as long as possible. While Musk will not call the shots at DOGE in the future, pundits say Trump will offer Musk with an advisory role.
Will Elon Musk’s Exit Affect Dogecoin Price?
The exit of Elon Musk from DOGE will have far-reaching effects on Dogecoin’s price. His appointment to DOGE triggered a rally for the memecoin and pundits theorize that his exit may trigger negative sentiments.
Musk’s influence on the memecoin is far-reaching and previous actions have triggered price swings. After Musk teased a Ghibli-themed DOGE, Dogecoin price showed glimpses of a strong rally.
His comments that there are no DOGE adoption plans by the US sent dampened enthusiasm for a potential rally. At the moment, Dogecoin is trading at $0.1742, holding onto its April 1 gains. However, weekly charts indicate a 12% draw down that may worsen if Elon Musk leaves DOGE.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
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 Javon Marks has provided a bullish outlook for the XRP price, predicting that the altcoin could record a 44x increase. The analyst also explained why he believes that XRP could witness such a parabolic surge.
Why The XRP Price Could Surge 44x
In an X post, Javon Marks asserted that the XRP price could 44x from its current level. He explained that in 2017, XRP broke out of a pennant pattern and surged wildly towards its first target at $0.0609 before using it as a light resistance and breaking well above on a run towards the meeting of its second.
The analyst revealed that XRP recently broke out of a larger pennant pattern, surging widely towards its first target at $3.317 before using it as a light resistance. He added that next up can be a break well above this first target at $3.317 and a run towards the meeting of the second target, which is currently at $99.
Marks noted that $99 is currently over 4,331% away, meaning that the XRP price could 44x from here. In the short term, crypto analyst Egrag Crypto has revealed what lies ahead for Ripple’s coin, predicting that it could revisit the lows around $1.9 to $1.7 and then test the upper range at $2.80 to $3.00.
A retest of this $3 range could ultimately lead to a breakout from this light resistance, as mentioned by Javon Marks. XRP would then rally to a new all-time high (ATH), which could eventually pave the way to the $99 target.
The Altcoin Is Approaching A Critical Breakout Zone
Crypto analyst CasiTrades stated that the XRP price is approaching a critical breakout zone. She noted that after testing the .786 Fib support at $2.05 over the last few days, the altcoin is now bouncing strongly again, with the price heading right back into the first big test at $2.17.
The analyst remarked that this level has acted as key resistance before, and while the structure is looking bullish, the altcoin is not in the clear just yet. She went on to outline two scenarios, which she laid out on her accompanying chart.
The first scenario is the bullish case. Here, the analyst stated that if the $2.05 low was the final bottom, then XRP is now building a new impulsive trend. She added that a clean breakout above $2.25 would be a major sign of strength. Meanwhile, a break above $2.36 and hold would officially invalidate any idea of one final move lower, as it would confirm that Wave 1 is in.
The second scenario CasiTrades outlined is the bearish case. She claimed that if the XRP price struggles to flip $2.17 and $2.25 to support, then the altcoin could still be inside a final subwave 5 down toward the $2 region. The analyst remarked that $2.26 would be a short-term confirmation, while a break above $2.36 would confirm a trend reversal and that XRP is heading for new highs.
The Bitcoin price is currently rallying and hit $87,000 today, which is bullish for altcoins like XRP. However, all eyes are still on the effects of Donald Trump’s reciprocal tariffs as they could significantly impact the crypto market.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
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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