Connect with us

Altcoin

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

Published

on


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

 



Source link

Altcoin

Analyst Forecasts 250% Dogecoin Price Rally If This Level Holds

Published

on


A renowned crypto analyst caused a huge market stir by forecasting a highly bullish outlook for Dogecoin price this Thursday. Market expert Ali Martinez revealed that a roughly 250% rally for the dog-themed meme coin to the $0.5 level looms. However, this bull run is possible given that the meme token holds above key support at $0.16. DOGE price exchanged hands at $0.1662 as of press time, igniting optimism over a rally ahead.

Dogecoin Price Eyes Over 250% Gains; Top Analyst Highlights Conditions

Ali Martinez on April 3 revealed that the $0.16 price level presents itself as a ‘make-or-break’ point for Dogecoin price via a post on X. According to him, if the price holds this level, a potential rally to $0.57 awaits, which is up nearly 256% from the current level.

However, failing to hold this level could result in a drop to $0.06, per the analyst. As a result, the key support level remains much-eyed by market watchers as the meme coin currently trades near it.

Dogecoin Price Chart analysisDogecoin Price Chart analysis
Source: Ali Charts, X

As mentioned above, the price is trading at $0.1662 with an intraday loss of over 3%. It bottomed and peaked at $0.1624 and $0.1787 over the past day, preventing losing support of $0.16. In an upshot, market watchers eye the token optimistically, expecting a sustained movement and thereby, a rally.

What Are The Next Resistance Levels For Dogecoin Price?

In another X post shared previously, the same analyst highlighted vital resistance levels for the dog-themed meme coin. Notably, the price faces two key resistance barriers at $0.18 and $0.21.

Dogecoin price resistance levelsDogecoin price resistance levels
Source: Ali Charts, X

A sustained breakthrough above these resistance levels paves the way for a +250% bull run for DOGE price. In the wake of these price dynamics, crypto traders and investors are now glued to the meme coin’s price chart and await a trajectory shift.

Derivatives Data Sparks Speculations

However, Coinglass data has sparked contrary investor speculations by showcasing a decline in futures OI. DOGE futures OI was down over 3% to $1.56 billion today. This stat underscored slightly reduced investor interest in the meme token despite bullish predictions. Besides, the derivatives volume witnessed a 40% jump to $5.24 billion, adding a layer of intrigue to the market sentiment.

Crypto market traders and investors expect short-term volatility amid the dynamic market stats, whilst long-term prospects remain bullish. Also, a Dogecoin price prediction by CoinGape revealed that the technical chart on the weekly time frame showcases a bullish engulfing pattern. This formation suggests a strong momentum favoring buyers. Overall, broader market sentiments orbiting the meme coin remain bullish.

✓ Share:

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.





Source link

Continue Reading

Altcoin

Binance Sidelines Pi Network Again In Vote To List Initiative, Here’s All

Published

on


As Binance’s Vote to List initiative kicks off, the exchange has turned its back on Pi Network for the second time. Binance is proceeding with the decentralized listing program but Pi Network is noticeably absent from the raft of cryptocurrencies.

Pi Network Fails To Make Binance List

Pi Network enthusiasts are in limbo following the absence of the token in Binance’s Vote to List initiative. According to a press release, Binance has opened voting for its second Vote to List initiative.

This time, 12 tokens are up for community voting, with Binance proceeding to spot-list successful tokens. Apart from vote count, Binance says it will consider trading demand, a risk assessment, and a compliance check to decide on tokens that will make the listing.

The selected tokens include VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, and PLUME. While the first focused on memecoin, the second iteration beams a searchlight on utility tokens cutting across several verticals.

Back in March, Binance excluded Pi Network from its first edition of the Vote to List initiative. Binance has clarified that only BNB-based projects will be allowed to participate in the Vote to List initiative, dousing optimism for Pi Network enthusiasts.

When Will Binance List The Asset?

Despite Pi missing out on the Vote to List program, there is still a ray of hope for community members. Binance can list Pi via a direct listing in the future but a timeline is unavailable.

Experts say a lack of transparency by The PiCoreTeam (PCT) is a reason why Binance has not listed Pi Network. Particularly, the exchange took swipes at the PCT for failing to give proper disclosures on the Pi Network’s locking and burning mechanism.

Pi Network secured a major listing on the BTCC Exchange, bringing the token closer to being listed on mainstream exchanges. While a listing hovers on the horizon for Pi, the PCT’s domain auction is gathering steam with over 200,000 bids.

Pi price has been largely underwhelming over the last day, losing nearly 5%. Pi trades at $0.6646 to drop below the $0.7 mark for the first time in over a month.

✓ Share:

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.





Source link

Continue Reading

Altcoin

First Digital Trust Denies Justin Sun’s Allegations, Claims Full Solvency

Published

on


Following a reserve crisis that hit TrueUSD and Justin Sun’s intervention, First Digital Trust denied claims of insolvency. The Trust, at the center of the fiasco, says it is fully solvent while accusing Sun of sensationalism.

First Digital Trust Refutes Allegations Of Insolvency

First Digital Trust has released a statement debunking allegations of financial impropriety and insolvency. According to the statement, First Digital Trust says it is completely solvent while accusing Justin Sun of falsehood.

The Trust has been at the center of a whirlpool of a liquidity crisis involving TrueUSD (TUSD) with Justin Sun stepping in to stabilize the stablecoin with a capital injection. The Tron founder launched a tirade against the Hong Kong-based trust, accusing it of financial mismanagement including unauthorized trade finance loans.

“The recent allegations by Justin Sun against First Digital Trust are completely false,” read the statement.

The Trust disclosed that its FDUSD stablecoin is solvent and backed by US Treasury Bills. Per the statement, the legal dispute surrounding TUSD has nothing to do with FDUSD, accusing Sun of a smear campaign. First Digital Trust says it has not had the opportunity to defend itself in court, accusing Sun of launching social media attacks.

“This is a typical Justin Sun smear campaign to try to attack a competitor to his business,” added First Digital Trust.

Justin Sun Maintains His Stance

Justin Sun remains firm in his resolve that First Digital Trust is insolvent while urging investors to cut ties with FDUSD. He warns that the Trust founder Vincent Chok will face the full wrath of the justice system.

“First Digital Trust (FDT) is in fact insolvent,” said Sun. “If you have any relationship with it, please cut off contact as soon as possible to protect your assets.”

Following his accusations, FDUSD lost its peg and traded at a low of $0.88, a steep drop before crawling to $0.98. The loss of $130 million from its market capital has rattled investors with critics taking swipes over its de-pegging.

The Tron founder has covered every blade of grass in recent days, buying $75M of the Trump memecoin. Last week, Justin Sun weighed in on TRX’s halving proposal, supporting a proposal to mirror Bitcoin’s pattern.

The stablecoin drama comes as the US is inching toward tighter stablecoin regulation with the GENIUS Act and STABLE Act.

✓ Share:

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.





Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io