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Crypto Red Sea: Render (RNDR) Falls 22.3%, Sharks Diversify To 100x Meme to Mitigate Losses

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8 months ago

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The cryptocurrency market has been a sea of red recently, with many prominent tokens experiencing significant declines. Render (RNDR), a well-known AI-driven cryptocurrency, has seen a sharp fall of 22.3% in its value, leading many investors, often referred to as “sharks” in the trading world, to seek refuge in alternative assets. One such asset that has captured their attention is Mpeppe (MPEPE), a meme coin that has managed to deliver staggering 100x returns in a short period, making it a top contender for those looking to mitigate their losses.

The Decline of Render (RNDR)

Render (RNDR), which has been a favorite among those investing in AI and Web3 technology, recently experienced a significant downturn. Despite its innovative approach to decentralized rendering for the digital creation space, RNDR could not escape the broader market’s bearish trend. Over the past few days, RNDR has dropped by 22.3%, a move that has rattled even the most seasoned investors.

The fall of RNDR comes as a surprise to many, given its solid technological foundation and potential applications in the AI and graphics industry. However, the volatility of the crypto market means that even the most promising projects are not immune to sudden drops. This has led many investors to reassess their portfolios and consider diversifying into more speculative assets with higher return potential.

Mpeppe (MPEPE): The Meme Coin Rescuing Investors Portfolios

As Render (RNDR) faltered, Mpeppe (MPEPE) emerged as a shining beacon for those looking to recover from their losses. Mpeppe has taken the meme coin world by storm, offering returns that seem almost too good to be true. But for those who took the leap, the 100x surge in Mpeppe’s value has been nothing short of miraculous.

The success of Mpeppe lies in its viral marketing strategies and strong community support, which have helped it stand out in a crowded market. While many meme coins fizzle out after an initial burst of excitement, Mpeppe has managed to sustain its momentum, driven by a loyal following and continuous engagement on social media platforms.

Mpeppe’s integration with the gaming and online gambling sectors has also played a crucial role in its rise. By providing real-world utility beyond mere speculation, Mpeppe has attracted a diverse group of investors, from retail traders to institutional players, all eager to ride the wave of this meme coin’s success.

Comparing Render (RNDR) and Mpeppe (MPEPE)

The contrast between Render (RNDR) and Mpeppe (MPEPE) is stark. While Render is rooted in sophisticated technology aimed at revolutionizing the digital creation industry, Mpeppe thrives on community-driven hype and viral appeal. This difference highlights the diverse nature of the cryptocurrency market, where both advanced technology and meme culture can lead to success—albeit through very different paths.

For investors, the choice between Render and Mpeppe comes down to their risk tolerance and investment strategy. Those looking for long-term growth based on technological advancements may still find value in Render, despite its recent decline. On the other hand, those seeking quick gains and willing to embrace the volatility of meme coins might find Mpeppe to be the better option.

What Lays Ahead for Mpeppe (MPEPE) and Render (RNDR)

As we look ahead, the fate of both Mpeppe (MPEPE) and Render (RNDR) will depend on various factors, including market sentiment, technological developments, and the broader economic environment. Mpeppe’s ability to maintain its current momentum will be tested as more investors flock to the coin, potentially driving up its value even further.

Meanwhile, Render (RNDR) will need to regain investor confidence by demonstrating the real-world impact of its technology. The recent downturn may be a temporary setback, but it serves as a reminder of the inherent risks in the cryptocurrency market.

In conclusion, while Render (RNDR) has hit a rough patch, Mpeppe (MPEPE) has shown that there are always opportunities in the crypto space for those willing to take calculated risks. As the market continues to evolve, both tokens will play a role in shaping the future of digital assets, each in their unique way.

For more information on the Mpeppe (MPEPPE) Presale: 

Visit Mpeppe (MPEPPE)

Join and become a community member: 

https://t.me/mpeppecoin

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

 



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Canary Capital Files For Staked Tron ETF

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4 hours ago

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April 18, 2025

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American asset management company Canary Capital has taken a new leap with a new filing for a staked Tron ETF product. Known as the pioneer of some of the most renowned altcoin ETF products, this new Tron ETF has further placed the firm at the forefront of the exchange-traded fund drive.

The Canary Capital Staked Tron ETF

According to the prospectus released by the firm, the new product is dubbed the Canary Staked TRX ETF. The firm is yet to reveal the trading platform the product will trade on, however, it confirms it will provide exposure to the price of Tron.

Based on the pricing data offered by Coindesk Indices, Canary Capital said it will rely on this to establish the Net Asset Value (NAV) for the product. This latest filing comes barely a month after the asset manager filed for Pengu ETF with the US Securities and Exchange Commission (SEC).

This is a breaking news, please check back for updates!!!

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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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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XRP Price History Signals July As The Next Bullish Month

Published

6 hours ago

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April 18, 2025

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Based on historical data, July could be the next bullish month for the XRP price, which continues to consolidate amid this crypto market downtrend. Despite the market downturn, crypto analysts like CasiTrades are confident that the altcoin could still reach a new all-time high (ATH) in this market cycle.

Historical Data Points To July Being The Next Bullish Month For The XRP Price

Cryptorank data shows that July could be the next bullish month for the XRP price. This is based on the fact that the altcoin has recorded significant gains in each of the last five Julys.

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Unlike July, April to June have been mixed for XRP over the last five years. For April, the last three out of five months have been bearish for the altcoin, although it recorded a 174% gain in April 2021.

For May, three out of the last five months have been bearish for the XRP price, although it recorded meagre gains in May 2023 and 2024. Meanwhile, June has been completely bearish for the altcoin, as it recorded monthly losses in the last five months.

It is worth mentioning that four out of the five monthly gains for XRP in July have been double-digit gains. As such, Ripple’s native crypto could again record double-digit gains this coming July.

Interestingly, crypto analyst Egrag Crypto predicted that XRP could reach double digits by its July 21 cycle peak. He alluded to the altcoin’s previous bull runs as to why July could mark this cycle’s peak. The analyst believes the Ripple price could reach $27 by then.

Analysts Argue XRP’s Consolidation Could End Soon

Amid this historical data, crypto analysts Dark Defender and CasiTrades have suggested that the XRP price consolidation could end soon. In an X post, Dark Defender stated that the altcoin’s consolidation is nearing an end and that he believes this is the final consolidation of the monthly structure.

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Once this consolidation is done, the crypto analyst remarked that market participants can expect the Wave 5, which will send Ripple’s native crypto to new highs. He highlighted $2.22 and $2.30 as the major resistances to watch out for, while $1.88 and $1.63 are the major support levels. Meanwhile, the targets on this Wave 5 up are $3.75 and $5.85, which will mark a new ATH for the altcoin.

As CoinGape reported, crypto analyst CasiTrades also predicted that the XRP price could soon reach $6 as Wave 2 correction nears its end. The analyst also raised the possibility of the altcoin rallying to as high as $9.50 and $12 if it reaches the 2.618 and 3.618 Fibonacci extension levels, respectively.

However, there is still the possibility of the XRP price dropping below the $2 level before it rallies to new highs. Egrag Crypto warned that Ripple’s native crypto could still drop to as low as $1.4 in the event of a major liquidation.

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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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Ethereum ETFs Record $32M Weekly Outflow; ETH Price Crash To $1.1K Imminent?

Published

10 hours ago

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April 18, 2025

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The ETH price’s bearish sentiment since January 2025 has taken a toll on investor confidence, with Ethereum ETFs witnessing significant outflows. As ETH’s value continues to plummet, investors increasingly withdraw their funds. With Ethereum exchange-traded funds recording a massive $32 million in weekly outflows, analysts caution against a potential downtrend.

As Ethereum lingers below the $2,000 mark for weeks, market experts and traders are bracing for a potential further decline to $1,100. Let’s dive deeper into the reasons behind the significant outflows from Ethereum ETFs and its potential impact on ETH price.

Ethereum ETFs Record $32M Weekly Outflows: What’s Happening?

According to SoSoValue, Ethereum ETFs experienced increasing outflows over the past week, driven by the overarching negative market trend. Last week, the ETFs saw a total net outflow of $32.17 million, pushing the month’s outflows to $170.99 million.

In addition, the Ethereum exchange-traded funds experienced an unusual day of neutral flows yesterday, with neither net inflows nor outflows reported. Analyst Ali Martinez shed light on the increasing whale activity over the past week. According to his X post, ETH whales have offloaded 143,000 tokens last week. 

Significantly, this negative sentiment could be attributed to the ETH price’s bearish trend which began in January. Ethereum, which stood high-headed above $3,500 at the onset of 2025, started plummeting to reach a severe low of $1,500 in April. This steady downtrend has caused a stir in the market, with traders showing less interest towards the altcoin.

Is ETH Price Poised for a Crash?

Growing pessimism surrounding Ethereum ETFs has led analysts to warn the community that ETH’s price may extend its downward trajectory. For instance, analyst Altcoin Gordon shared a bearish forecast for ETH price, predicting that the token would further drop to $1,100. However, as per CoinGape’s Ethereum price prediction, ETH could destabilize around a minimum of $1,588 in 2025.

As of press time, ETH is valued at $1,592, down by a marginal 0.20% in a day. Despite a 2.3% surge over the past seven days, ETH has seen a massive dip of 21% in a month. This negative vibe is also reflected on the traders’ sentiment, with the 24-hour trading volume decreasing by 23% to reach $10.5 billion.

Significantly, the Ethereum transaction fees’ recent crash to a five-year low has also contributed to the overall bearish sentiment.

Ethereum Bulls Remain Optimistic

Despite these bearish predictions and negative Ethereum ETF trend, bulls remain optimistic about the ETH price. Analysts like Crypto Rover and CryptoGoos shared their bullish outlooks on Ethereum, invoking investors’ enthusiasm.

Ethereum ETFs Record $32M Weekly Outflow; ETH Price Crash To $1.1K Imminent?Ethereum ETFs Record $32M Weekly Outflow; ETH Price Crash To $1.1K Imminent?

According to CryptoGoos, ETH is expected to repeat history to surge beyond $2,800 in the near future. Meanwhile, market expert Crypto Rover projected the ETH price’s potential journey to an ambitious $10,000. However, it needs to be seen whether ETH can break through its current resistance levels and achieve these lofty targets.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

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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