Altcoin
Dogecoin Whale Determined To Join Early Investors For New ICO At $0.001777
Dogecoin (DOGE) has long held a prominent position as the king of meme coins. However, recent market turbulence has put DOGE in a difficult spot, causing it to struggle with maintaining stable upward trends. Despite a brief rally on August 20th, where Dogecoin (DOGE) saw a 6% rise and an increase in trading volume, the momentum quickly fizzled out, leaving many investors looking elsewhere for more consistent gains.
As Dogecoin (DOGE) faces these challenges, a new wave of interest is brewing among crypto whales and early investors who are eyeing a fresh opportunity Mpeppe (MPEPE). Currently available at a presale price of $0.001777, Mpeppe (MPEPE) is generating significant buzz in the crypto community, with many seeing it as a promising alternative to the volatility of established meme coins like DOGE.
Dogecoin’s Struggles and the Rise of Rivals
Dogecoin (DOGE)’s recent performance has been marred by prolonged consolidation phases, making it difficult for the coin to sustain prices above the crucial $0.10 mark. Technical indicators like the Relative Strength Index (RSI) have remained below 50, signaling weak momentum and a bearish trend that Dogecoin (DOGE) has yet to break free from. This stagnation has led some meme coin enthusiasts to explore new opportunities in the market.
One such opportunity is Mpeppe (MPEPE), a new ICO that has caught the attention of investors looking for high-growth potential. Unlike Dogecoin, which has been struggling to maintain its value, Mpeppe (MPEPE) is in the early stages of its presale, offering a unique chance for investors to get in on the ground floor. With a current price of $0.001777 and a bonus structure for early participants, Mpeppe (MPEPE) is positioned to attract significant interest from those looking to maximize their returns.
Why Mpeppe is Attracting Attention
Mpeppe (MPEPE) has several factors working in its favor that make it an appealing investment option. First and foremost, its presale phase is designed to incentivize early participation with additional bonuses, creating a sense of urgency among potential investors. This strategic move not only boosts initial market momentum but also sets the stage for significant price appreciation once the token hits the broader market.
Moreover, Mpeppe (MPEPE) is built on the Ethereum blockchain, ensuring compatibility with a wide range of wallets and smart contracts. This makes it easily accessible to the crypto community, further enhancing its adoption potential. With a total supply capped at 7.6 billion tokens, Mpeppe (MPEPE) is designed to maintain scarcity and drive demand as more investors flock to this new meme coin.
The Appeal of Early Investment
For crypto whales and seasoned investors, the appeal of getting in early on a promising ICO like Mpeppe (MPEPE) cannot be overstated. The potential for exponential growth in the value of MPEPE tokens, especially in the context of the current presale price, is a compelling reason to consider this new meme coin as a viable alternative to more established options like Dogecoin (DOGE).
As Dogecoin (DOGE) continues to face market challenges, the shift in focus to emerging tokens like Mpeppe (MPEPE) represents a broader trend in the cryptocurrency space. Investors are increasingly looking for opportunities that offer not just stability, but the potential for significant returns, even if that means venturing into newer, less established projects.
Conclusion
While Dogecoin (DOGE) remains a key player in the meme coin market, its recent struggles have opened the door for rivals like Mpeppe (MPEPE) to capture the attention of investors. With its attractive presale pricing, bonus incentives, and strong growth potential, Mpeppe (MPEPE) is quickly becoming a favored option for those looking to diversify their crypto portfolios. As the market continues to evolve, the battle between established giants like Dogecoin (DOGE) and emerging contenders like Mpeppe (MPEPE) will be one to watch closely. For now, the smart money seems to be on those willing to take the plunge into new opportunities, with Mpeppe (MPEPE) leading the charge.
For more information on the Mpeppe (MPEPE) Presale:
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The world’s largest crypto exchange Binance burns more than 700 million Terra Luna Classic tokens in the 30th batch of its LUNC Burn Mechanism. With this, the total LUNC tokens burned by the community has reached over 400 billion milestone. Also, the circulating supply has dropped to 5.5 trillion LUNC.
Meanwhile, LUNC price has dropped 6% amid the broader crypto market selloff due to a trade war triggered by US President Donald Trump.
Binance Burns 736 Million Terra Luna Classic LUNC Tokens
Crypto exchange Binance sent more than 736 million LUNC tokens to the burn address, as per the burn transaction on February 1. This was one of the lowest burn by the exchange since it started LUNC burn mechanism to support the Terra Luna Classic community.
In the 30th batch of the LUNC burn mechanism, the crypto exchange burned $87,923 in trading fees for the period between December 31 to January 30. This brings the total LUNC burned by the exchange to 70.85 billion LUNC tokens, as per the burn tracker.
Notably, Binance burned 1.7 billion LUNC tokens in the previous month after a massive trading volume in response to bankruptcy and token burns by Terraform Labs.
Terra Luna Classic Burn Landmark by the Community
The chain is managed by the Terra Luna Classic community with help from validators and developers via governance voting. The burn campaign has hit another landmark as the total LUNC burned by the community has surpassed 400 billion.
The community members are upbeat on the Terra Classic revival narrative. Multiple projects and Cosmos developers have come in support and performed tasks, with Binance founder Changpeng “CZ” Zhao promising the community to support in LUNC burn campaign.
LUNC and USTC Price Performance
LUNC price tumbled 6% in the last 24 hours, with the price currently trading at $0.00007068. The 24-hour low and high are $0.00007017 and $0.00007641, respectively.
However, the Terra Luna Classic trading volume has increased by 25% in the past 24 hours, indicating a rise in interest among traders. Analysts are still confident about a rally to $0.0005.
Meanwhile, USTC price also fell 8% to $0.013 in the last 24 hours. The trading volume has increased by 33% in the last 24 hours.
Varinder Singh
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.
At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting.
Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
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.
Solana-based Official Trump meme coin has come under strong selling pressure hours after Donald Trump posted about it on his social media platform Truth Social. The TRUMP price is down by 13% in the last 24 hours taking a dive under $20. On the weekly chart, the meme coin has lost more than 33% while it is down 70% from its all-time high of $75.
TRUMP Price Crashes Under $20
With the onslaught of the bears, the TRUMP price is down more than 13% to below $20. Also, the daily trading volume has surged by 65% to more than $3.4 billion as traders move to dump it.
Furthermore, the derivatives data from Coinglass shows that the TRUMP open interest has also slipped by more than 13% to $720 million while the 24-hour liquidations have soared to more than $15 million with $11 million in long liquidations.
Buy the Dip Opportunity for TRUMP Investors?
After hitting the daily low of $18.75, the TRUMP price bounced back and is currently trading at $21.09. Several market analysts believe that this is a buy-the-dip opportunity for crypto investors. Captain Faibik, a prominent market analyst, has weighed on it.
“Buying the $TRUMP dip! The falling wedge is still in play, expecting a strong bounce back,” Captain Faibik on X stated, pointing to the technical pattern suggesting a possible bullish reversal.
The falling wedge, often seen as a precursor to price breakouts, has fueled speculation that TRUMP could stage a significant comeback. Another market analyst Edward Morra stated that the TRUMP price bounced back from the perfect support at $20. He further added that he would be going long on the altcoin from here. “Went a bit deeper than I expected. Loaded up on TRUMP (average $21.5). Ideally, looking for a bullish reclaim above $25 for continuation,” he said.
Donald Trump’s Attempt to Pump
With the TRUMP price crashing nearly 70% from its all-time high, President Donald Trump took to social media to promote his meme coin. “I LOVE $TRUMP!!” President Trump wrote in a Truth Social post asking users to get back and buy the meme coin.
However, crypto industry players have criticized this move with SkyBridge Capital founder Anthony Scaramucci slamming the President. In a message on the X platform, Scaramucci wrote:
“President Trump posted on Truth Social last night in an attempt to “pump” his $TRUMP memecoin (yes that’s a real sentence that many have normalized). The result has been an acceleration of the “dump,” now down 70% from its peak. The jig is up”.
The Official Trump token has slipped to the fourth spot losing in this latest fall, losing the third spot to PEPE Coin. The broader crypto market is down today as Trump tariffs kick in which could lead to another major crash ahead.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
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 global crypto market tumbled again in the last 24 hours while investors didn’t even recover from DeepSeek AI and Bank of Japan’s rate hike-led market crash last Monday. Bitcoin and Ethereum prices are now down 6% and 8% in a week, respectively.
The macro factors wreaked havoc on the stocks and crypto markets again as Donald Trump decided to immediately sign the order to impose tariffs on Canada, Mexico, and China. As a result, the global crypto market cap tumbled more than 3% from $3.49 trillion to $3.35 trillion. It means more than $140 billion erased from the crypto market in just under 24 hours.
Moreover, the Crypto Fear & Greed Index has dropped from Greed to Neutral at 47 today, indicating negative sentiment continues to build among investors.
Bitcoin Price and Crypto Market Downfall Due to Trump Tariffs
US President Donald Trump declared a national emergency citing fentanyl and immigrants under the 1977 International Emergency Economic Powers Act (IEEPA). This gave President Trump power to sign an executive order imposing 25% tariffs on Mexico and Canada, as well as 10% tariffs on imports from China.
As a result, Bitcoin and altcoins fell on concerns of a trade war risking higher prices for U.S. consumers. US PCE inflation data on Friday indicated that inflation has increased for three consecutive months. Notably, US stock indexes ended the week lower.
Besides, economists say blanket tariffs with multiple top trading partners are bad for the US, inflation, and lead to higher prices and layoffs. The decision has triggered a trade war as Canada, Mexico, and China retaliate.
Prime Minister Justin Trudeau said Saturday that Canada will impose 25% tariffs against C$155 billion of US goods.
This comes after the US announced it will put 25% tariffs on Canada and Mexico, as well as a 10% tariff on China https://t.co/DW7GA4W8Ka pic.twitter.com/RwIPrJdCl7
— Bloomberg (@business) February 2, 2025
Crypto Market Sees $700 Million in Liquidations
Coinglass data indicates over $700 million in crypto liquidations, with over 250K traders liquidated in the last 24 hours. The largest single liquidation order of ETHUSDT valued at $11.84 million happened on Binance.
It is important to note that the largest liquidation happened during the crypto market crash last Monday. An investor liquidated BTCUSDT valued at $98.46 million on crypto exchange HTX.
Nearly $520 million long and $80 million short positions were liquidated, with BTC, ETH, SOL, DOGE, XRP, TRUMP and RUNE leading the liquidations. In the last 12 hours, $350 million in longs were liquidated causing the crypto market to bleed.
Experts Predict Crypto Market Correction
Crypto trader Skew predicts “short-term mayhem” in the crypto market as uncertainty around how far tariff bluffing will go. He used the term “bluffing” because these tariffs are unlikely to be the final standing percent due to retaliatory tariffs by Canada and other countries.
According to The Telegraph, hedge funds are betting big that the stock market to suffer a devastating crash due to tariffs by US President Donald Trump. Moreover, data from Goldman Sachs is sending shockwaves through financial circles, revealing a dramatic surge in ‘short’ positions against US stocks.
With the crypto market in the crosshairs due to Bitcoin ETFs and institutional interest, Bitcon price fell to a 24-hour low of $99,022. Whereas, ETH price tumbled more than 5% to a low of $3,069. Also, top altcoins XRP, SOL, DOGE, ADA, LINK and others have plunged more than 5% in the last 24 hours.
60% of American plebes don’t have $1k of emergency funds. The Fed is “worried” about inflation. So Trump decides to hike energy prices via tariffs? He ain’t a fool, maybe he is trying to trigger a mini financial crisis? It’s def in the maybe column. pic.twitter.com/VEiI9qZZqC
— Arthur Hayes (@CryptoHayes) February 2, 2025
Meanwhile, the US dollar index (DXY) has jumped to 108.50 indicating a strengthening dollar. Also, the 10-year Treasury yield is spiking above 4.54%. Notably, BTC price usually moves in opposite to DXY and US Treasury yields.
A major selloff may happen only if Bitcoin price tanks below the $95K level. Traders are even staying away due to double-top pattern formation in the daily timeframe.
Varinder Singh
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.
At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting.
Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
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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