Altcoin
Dogecoin Investors Purchase Mpeppe Before The Next Bull Run Kick Starts
As the cryptocurrency market anticipates its next big surge, seasoned investors are making strategic moves to ensure they are well-positioned for the impending bull run. Among these investors, Dogecoin (DOGE) holders are increasingly turning their attention to Mpeppe (MPEPE), a rising star in the memecoin universe. With Dogecoin (DOGE) having cemented its legacy as a pioneer in the world of digital currencies, the shift towards Mpeppe suggests that a new memecoin contender is about to make its mark.
The Dogecoin Legacy and Its Influence on Meme Coins
Dogecoin (DOGE) has been a trailblazer in the cryptocurrency world since its inception in 2013. What started as a joke has become a cultural phenomenon, capturing the imagination of millions and even catching the eye of tech mogul Elon Musk. The coin’s lighthearted approach, combined with its robust community, has helped it weather numerous market storms and remain a favorite among both novice and seasoned investors.
Recently, Dogecoin (DOGE) has been showing signs of life again, with analysts suggesting that the coin is poised for another significant rally. Historically, Dogecoin (DOGE) has followed a cyclical pattern, with major price surges occurring every three years. As 2024 progresses, many believe that Dogecoin (DOGE) could be gearing up for its next big run, possibly leading to new all-time highs.
However, while Dogecoin (DOGE) remains a popular choice, some of its investors are looking for the next big opportunity to diversify their portfolios and maximize returns. Enter Mpeppe (MPEPE), the memecoin that is quickly becoming the talk of the town.
Why Mpeppe Is Attracting Dogecoin Investors
Mpeppe (MPEPE) has rapidly gained traction in the crypto community, particularly among Dogecoin (DOGE) investors who are always on the lookout for the next big thing. The reasons for this shift are manifold.
First, Mpeppe (MPEPE)’s presale success has been nothing short of remarkable. The token has already completed over 80% of its Stage 3 presale, drawing in a significant number of investors who are eager to get in early. This level of interest indicates strong market confidence in Mpeppe (MPEPE)’s potential, making it an attractive option for those who have already profited from Dogecoin’s (DOGE) past successes.
Second, Mpeppe (MPEPE) offers a fresh narrative in the meme coin market. While Dogecoin (DOGE) has become synonymous with the meme coin movement, Mpeppe (MPEPE) is building on this legacy with innovative features and a roadmap that promises to deliver value beyond just the initial hype. For Dogecoin (DOGE) investors, Mpeppe (MPEPE) represents an opportunity to be part of a new story while still staying within the memecoin space they are familiar with.
Preparing for the Next Bull Run
The timing of Mpeppe (MPEPE)’s rise couldn’t be more perfect. With the broader cryptocurrency market showing signs of a potential bull run, savvy investors are positioning themselves in assets that have the potential to deliver exponential returns. Dogecoin (DOGE) has historically been one of those assets, but as the market evolves, so too do the opportunities.
Mpeppe (MPEPE)’s strong community backing, combined with its innovative approach to memecoins, makes it a prime candidate for significant gains in the next market surge. For Dogecoin (DOGE) holders, the transition to Mpeppe (MPEPE) is not just about diversifying their holdings; it’s about securing a position in what could be the next major player in the memecoin space.
The Future of Mpeppe and Dogecoin
As the market gears up for what many believe will be a major bull run, the relationship between Dogecoin (DOGE) and Mpeppe (MPEPE) is becoming increasingly symbiotic. Dogecoin (DOGE) continues to hold its place as the original memecoin, but Mpeppe (MPEPE) is carving out its own niche, offering investors a new avenue for growth.
For those who have been part of Dogecoin’s (DOGE) journey, Mpeppe (MPEPE) presents an exciting opportunity to be part of the next big chapter in memecoin history. As more Dogecoin (DOGE) investors flock to Mpeppe (MPEPE), the stage is set for a potentially explosive performance in the months ahead.
For more information on the Mpeppe (MPEPE) Presale:
Visit Mpeppe (MPEPE)
Join and become a community member:
https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
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.
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.
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.
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.
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.
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.
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.
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.
Cardano (ADA) Downtrend Deepens—Is a Rebound Possible?
Analyst Forecasts 250% Dogecoin Price Rally If This Level Holds
XRP Price Under Pressure—New Lows Signal More Trouble Ahead
Bitcoin Price Swings Wildly—Yet Bears Keep the Upper Hand!
Binance Sidelines Pi Network Again In Vote To List Initiative, Here’s All
XRP Price Reversal Toward $3.5 In The Works With Short And Long-Term Targets Revealed
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
-
Altcoin24 hours agoPi Network Faces Community Backlash, Is Pi Coin Price Heading to Zero?
-
Regulation17 hours agoKraken Obtains Restricted Dealer Registration in Canada
-
Market23 hours agoVanEck Sets Stage for BNB ETF with Official Trust Filing
-
Market22 hours agoBNB Price Faces More Downside—Can Bulls Step In?
-
Bitcoin18 hours agoLummis Confirms Treasury Probes Direct Buys
-
Bitcoin22 hours agoTokenized Gold Market Cap Tops $1.2 Billion as Gold Prices Surge
-
Altcoin21 hours agoWhat’s Fueling The Shibarium Boost?
-
Altcoin19 hours agoFranklin Templeton Eyes Crypto ETP Launch In Europe After BlackRock & 21Shares
✓ Share: