Altcoin
Dogecoin (DOGE):New DOGE Rival Predicted To Surpass Dogecoin (DOGE) Profits In 2024
Dogecoin (DOGE) has long been celebrated as a pioneer in meme-driven digital assets. However, a new competitor is gaining traction and is projected to surpass Dogecoin (DOGE)’s profits in 2024. Enter Mpeppe (MPEPE), a rising star in the cryptocurrency world. Here’s a closer look at why Mpeppe (MPEPE) is poised to outshine Dogecoin (DOGE) and what makes it a compelling investment opportunity.
Dogecoin (DOGE)’s Impact: A Brief Overview
Dogecoin (DOGE) has firmly established itself as a cornerstone of the meme coin sector since its inception. Initially launched as a humorous alternative to Bitcoin, DOGE has amassed a substantial following and has been supported by high-profile endorsements. Despite its playful origins, Dogecoin (DOGE) has proven its potential for growth and profitability, contributing to its status as a leading cryptocurrency.
Expanding Beyond Digital Assets
Mpeppe (MPEPE) is quickly positioning itself as a serious rival to Dogecoin (DOGE). Built on the legacy of successful meme cryptocurrencies like Pepecoin, Mpeppe (MPEPE) aims to take the meme coin concept to new heights. Here’s what sets Mpeppe (MPEPE) apart:
Another significant advantage of Mpeppe (MPEPE) is its focus on integrating with the broader digital ecosystem. The cryptocurrency is set to create innovative use cases within decentralized technologies and virtual worlds. This includes leveraging its DeFi capabilities to provide new financial services and opportunities, further enhancing its appeal and functionality. By bridging the gap between meme culture and practical blockchain applications, Mpeppe (MPEPE) offers a comprehensive approach to the future of digital assets.
The 2024 Profit Potential: Why Mpeppe (MPEPE) May Surpass DOGE
The prediction that Mpeppe (MPEPE) will surpass Dogecoin (DOGE) in profits by 2024 is grounded in several factors:
Mpeppe (MPEPE)’s DeFi integration adds substantial utility, making it a more versatile asset compared to Dogecoin (DOGE)’s traditional meme-based approach.
While Dogecoin (DOGE) has built a strong community, Mpeppe (MPEPE)’s strategic focus on community-driven innovation and real-world impact provides additional avenues for growth and engagement.
As the cryptocurrency market matures, investors are increasingly seeking assets that offer both meme appeal and practical utility. Mpeppe (MPEPE)’s dual approach of humor and advanced blockchain functionality positions it well to capture market interest and drive significant profits.
Conclusion: The Future of Meme Coins
As we look toward 2024, Mpeppe (MPEPE) is emerging as a strong contender in the meme coin market, with the potential to surpass Dogecoin (DOGE) in terms of profitability. Its unique blend of DeFi integration, community-focused innovation, and expansive digital ecosystem applications make it a standout choice for investors looking for the next big opportunity in the cryptocurrency world. While Dogecoin (DOGE) remains a formidable player, Mpeppe (MPEPE)’s innovative approach and strategic advantages suggest it could lead the way in the evolving landscape of meme coins. Keep an eye on Mpeppe (MPEPE) as it continues to grow and potentially reshape the future of digital assets.
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Crypto analyst Egrag Crypto has again provided a bullish outlook for the XRP price. This time, the analyst predicted that XRP could hit $17 and revealed when the crypto could reach this price target.
When The XRP Price Could Hit $17
In an X post, Egrag Crypto predicted that the XRP price could hit $17. His accompanying chart showed that XRP could reach this price target sometime next year. This came as he remarked that the “bounce off is real” with a potential rally to between $15 and $17.
The crypto analyst assured that the bullish pennant formation remains intact, which could send XRP to this $17 target. However, he cautioned market participants not to celebrate until the crypto closes above $3.40. According to him, nothing is confirmed until XRP has a breakout with solid confirmation.
Egrag Crypto also stated that the conservative target of $15 represents the measured move of the pole leg from the lower end of the pennant. Meanwhile, the normal measured move is the pole leg from the top of the pennant, which puts the XRP price at $17.
Alluding to his accompanying chart, the crypto analyst noted that the yellow line has been XRP’s support so far and that the price is respecting this support level. He further touched on how crucial this line is for this bullish setup, stating that a break below the yellow line could signal a very bearish trend.
This bullish outlook for XRP comes just days after the crypto analyst predicted that XRP could reach $110 in the next market cycle. Crypto analyst Andrei Jikh also alluded to bullish fundamentals, such as the potential end of the Ripple lawsuit, as part of the reasons why the crypto could reach $100.
A Rally To $3.35 Could Be Imminent
Crypto analyst Ali Martinez suggested that the XRP price could rally to $3.35 imminently. He noted that the crypto is following a cup-and-handle pattern and that a breakout of this bull pattern could set the stage for a move toward $3.35.
In an earlier analysis, the analyst had stated that XRP could face a brief pullback, as the TD Sequential indicator flashed a sell signal on the 4-hour chart after a 22% price surge. However, that bearish setup looks to be invalidated by the bull pattern that the analyst recently highlighted.
The XRP price is flying high at the moment, having gained over 13% in the past seven days. This has come amid the US SEC’s acknowledgment of Grayscale’s XRP ETF and 21Shares’s XRP ETF filings. This development has provided some bullish momentum for the crypto as market experts believe there is a huge chance that the Commission could approve these funds.
Furthermore, crypto community members have also opined that the SEC has, through the acknowledgment, made it clear that it considers XRP a commodity and not a security, as Gary Gensler’s administration earlier labeled it.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. 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 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.
The crypto market closes yet another week, primarily facing turbulence due to macroeconomic events. However, Bitcoin (BTC) and altcoins have shown resilience, preventing further downside price momentum in the past seven days. Notably, despite hot U.S. CPI and PPI data, as well as Trump’s new tariffs, crypto prices have shown signs of a potential recovery brewing, sparking investor optimism globally.
Let’s take a closer look at some of the top crypto market updates reported by CoinGape Media over the past week.
Crypto Market Faces Macroeconomic Heat: What’s Happening?
The global cryptocurrency landscape faces severe turbulence this week, primarily against the backdrop of key U.S. macroeconomic data. Notably, the CPI data for January came in hotter than expected this week, at 3% YoY.
Moreover, even the PPI came in hotter than expectations, at 3.5%. In turn, risk assets such as crypto have showcased a sluggish performance over the past week.
Also, Donald Trump’s new tariffs have birthed severe concerns about a global trade war approaching. As a direct response to the abovementioned factors, BTC and altcoins faced massive turbulence over the past seven days. BTC price saw a highly fluxing action, closing in at $97K, up marginally by 0.5% in the past seven days. Simultaneously, ETH gained slightly by 1% over the past week, closing in at the $2.700 level. Crypto traders and investors continue to stay cautious over digital asset prices amid broader macro developments, although coins closed the week trading in the green.
Can BTC & Alts Gain Ahead?
Simultaneously, despite the broader market heat, recent ETF-related developments have sparked market curiosity over an approaching bull run for some leading altcoins. Although BTC remains much-eyed by investors, it’s worth taking into account some other coins that showcase the potential for growth.
Notably, XRP emerged as another hot buzz this week as the U.S. SEC acknowledged Grayscale and 21Sahares’ XRP ETF filing. Further, the optimism surrounding a SOL and DOGE ETF also skyshot amid the SEC’s acknowledgment of crypto-backed ETF filings. In turn, market participants remain highly optimistic about the crypto market’s future prospects.
In conclusion, although the digital asset sector faces severe turbulence this week due to macroeconomic events, traders and investors eye a bullish outlook 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.
After a severe market downturn, the crypto space is finally showing signs of recovery, with altcoins outperforming Bitcoin. While Bitcoin’s dominance dips, analysts predict an incoming altcoin season, hailing it an “altseason.” Despite fluctuations, top altcoins like Ethereum (ETH), XRP, Solana (SOL), and Binance Coin (BNB) regain traction, marking significant gains.
Altcoin Season Alert: Signs of a Market Shift
As the crypto market gears up for a significant shift, analysts and experts hint at the potential arrival of an altseason, or an altcoin season. According to analyst Ted, the altcoin surge in 2024 was merely a warm-up for what’s to come. Adding to the point, he forecasts a record-breaking altseason in 2025 that is expected to make history.
Notably, in an X post, Ted highlights key drivers of the altseason. They include potential developments including multiple altcoin ETF approvals, Ethereum’s upgrade, Ethereum ETF’s staking feature etc.
Reinforcing Ted’s prediction, analyst CryptoGoos asserted that altcoins would explode, driven by a combination of factors. He explained his analysis through past patterns, in which altcoins saw major uptrends in 2017 and 2021, paving the way for a potential major altseason in 2025. In another X thread, CryptoGoos wrote, “Altcoins will pump.”
Similarly, emphasizing the historical trend of major altcoin seasons occurring in the month of February, analyst Shib Spain forecasted a recurrence. The analyst suggested that the current market conditions are ripe for a repeat of past altcoin rallies that have typically taken place during this time of year. Corroborating this idea, Max Brown also stated, “Altseason starts in February.”
Altcoin ETF Approvals Ahead
Asset managers have taken the initiative to launch multiple altcoin ETFs, pending regulatory approval. The proposed ETFs are set to track a diverse range of altcoins, including XRP, Solana, Litecoin, Dogecoin, and Cardano.
As the Securities and Exchange Commission (SEC) has recently acknowledged Grayscale’s 19b-4 filings to list XRP and Dogecoin ETFs, the odds are high for an altcoin ETF in 2025. According to Bloomberg analysts Eric Balchunas and James Seyffart, the Litecoin ETF has a 90% chance of receiving regulatory approval, making it the most likely to gain approval among the altcoin ETFs. Meanwhile, the Dogecoin, Solana, and XRP ETFs also have significant approval chances, with 75%, 70%, and 65% probabilities, respectively.
Notably, the Trump administration has a more favorable stance towards crypto ETF approvals, with a higher probability of approval compared to the previous government. This positive sentiment has sparked expectations of an altcoin season in the near future.
Upcoming Altcoin Season: What To Know More
Recently, the Ethereum blockchain released a roadmap for its Pectra upgrade. The activation is planned to occur on February 24 on the Holesky testnet, followed by March 5 on Sepolia, with a mainnet release targeted for April 8.
Meanwhile, the New York Stock Exchange (NYSE) has proposed to introduce staking in spot Ethereum ETFs on behalf of Grayscale, seeking approval from the SEC.
These developments have further fueled the hype surrounding an impending altcoin season, with Ethereum, as the leading altcoin, playing a pivotal role in driving these expectations.
Top Altcoins Stay Strong
Both historical trends and current market sentiment highlight the possibility of an upcoming altcoin season. Top altcoins show bullish signals ahead with the overall market gearing up for a significant resurgence.
As of press time, Ethereum is priced at $2,690, up by 2.06% in a week. Meanwhile, XRP has exhibited a massive growth of 12% over the last seven days. Despite Solana’s marginal decline, BNB surged by more than 5% over the past week.
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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