Altcoin
Dogecoin Whale Introduces New A.I Dating Cryptocurrency Platform Positioned To Cause Major Market Disruption
Dogecoin (DOGE), the beloved meme coin that skyrocketed to fame with the backing of Elon Musk and an enthusiastic community, is once again seeing significant whale activity. This time, however, a new player has entered the stage—GoodEgg (GEGG), an A.I-driven dating cryptocurrency platform that is positioned to cause a major market disruption. As Dogecoin whales continue to make moves, GEGG is quickly gaining attention as the next big project to watch. Let’s explore the details behind this potential game-changer.
Dogecoin Whales Accumulate Over 400 Million DOGE
According to data from IntoTheBlock, large holders have been on a buying spree, scooping up over 400 million Dogecoin (DOGE) in the past few days. On September 11, the inflow from Dogecoin’s large holders surged by 970%, moving from 46.25 million to a staggering 493.15 million DOGE. This increase signals that whales are positioning themselves for a bullish trend, and the selloff that had plagued Dogecoin (DOGE) has significantly cooled down.
The net inflow of Dogecoin (DOGE) reached an impressive 414.97 million DOGE, worth approximately $42.46 million. At the same time, DOGE’s whale outflow dropped from 442.12 million to 78.17 million, further indicating that selling pressure has decreased. With 62% of Dogecoin (DOGE)’s total supply now residing in whale addresses, it’s clear that big players are still very much in the game.
GoodEgg (GEGG): The New Player Set To Disrupt The Market
While Dogecoin (DOGE) continues to show resilience, GoodEgg (GEGG) is quickly capturing the attention of crypto enthusiasts and whales alike. GoodEgg is not just another meme coin—it’s an A.I.-powered dating platform that seeks to bridge the gap between virtual dating and real-world interactions. With its unique “Play-2-Date” feature, users can engage in social activities and earn GEGG tokens for participating in virtual dating experiences.
The platform’s presale is already underway, with more than $280,000 raised. Investors can still buy GEGG tokens at the presale price of $0.00015, making it an enticing opportunity for early adopters. Analysts predict that the token’s price could surge by 100x as more users and whales enter the ecosystem, potentially outperforming even Dogecoin (DOGE) in the long term.
DOGE’s Bullish On-Chain Signals
On-chain data for Dogecoin (DOGE) continues to look promising. Transactions worth over $100,000 have increased, with a total of $942 million in large transactions over the past week. Furthermore, the exchange net inflow for Dogecoin (DOGE) has declined from 84.83 million to 33.42 million DOGE, suggesting that whales are holding onto their assets and selling pressure has reduced significantly.
At the time of writing, Dogecoin (DOGE) is trading at $0.1024, up 1.6% in the past 24 hours. However, the token is still 86% down from its all-time high of $0.73 in May 2021. Even though DOGE has faced challenges, the continued accumulation by whales and bullish on-chain signals provide hope for a potential recovery in the near future.
Elon Musk’s Role in Boosting Dogecoin
Elon Musk’s influence on Dogecoin (DOGE) cannot be overstated. Recently, Tesla’s billionaire CEO reignited interest in DOGE when he suggested bringing it back as a payment method for the company’s products. Musk’s tweet followed the dismissal of a $258 billion lawsuit against him and his companies, which accused them of manipulating the price of Dogecoin (DOGE).
Musk’s continued support for DOGE gives the meme coin a major advantage, as his tweets often lead to price increases and renewed interest from both retail and institutional investors. However, the entrance of GoodEgg (GEGG) into the market adds a new dimension to the cryptocurrency landscape, as it provides a fresh use case with its A.I. dating platform.
Conclusion: Will GEGG Overtake DOGE?
While Dogecoin (DOGE) remains a powerful force in the crypto world, the rise of GoodEgg (GEGG) represents a new wave of innovation. The A.I.-powered dating platform adds real-world utility to a space often dominated by meme coins, offering investors an exciting alternative. With bullish on-chain signals for DOGE and the growing interest in GEGG, both tokens are poised for major gains. However, GoodEgg (GEGG) may have the potential to disrupt the market and even outshine Dogecoin (DOGE) in the near future, making it one to watch closely in the coming months.
Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community:
Visit GoodEgg (GEGG)
Telegram: https://t.me/GEGG_OFFICIAL
X/Twitter: https://x.com/goodeggofficial
Altcoin
Ethereum Foundation Launches Pectra Tesnet ‘Mekong’, ETH Price Set For $4000
Ethereum Foundation on Thursday announced launch of its first short-lived Pectra testnet ‘Mekong.’ This testnet includes all the EIPs proposed for the upcoming Pectra upgrade on the Ethereum network. Will this trigger ETH price rally to $4000 as the price jumped 8% in the last 24 hours?
Ethereum Foundation Introduces Mekong Tesnet for Pectra
In an official announcement by Ethereum Foundation on November 7, the first short-lived Mekong testnet was introduced after scoping the Pectra fork and four DevNet events
The foundation said the Mekong testnet consists of all the EIPs proposed for the next major Pectra upgrade. It includes changes such as UX changes via EIP-7702, staking changes via EIP-7251, changes to the deposits and exit mechanisms via EIP-6110 and EIP-7002.
The Mekong testnet is focused on wallet developers to engage with UX changes and for stakers to gain confidence in the upcoming changes. This is a short-lived testnet but the features included will make it into existing public testnets and finally the mainnet.
In addition, Ethereum developer Tim Beiko reveals ethPandaOps has introduced this short-lived Pectra testnet Mekong to introduce major changes in mainnet. Also, this helps the crypto community try out EIP-7702, MaxEB consolidations, and more.
Moreover, Ethereum Foundation developer Parithosh recommended wallet teams to try Mekong testnet at the DevCon Week, which will run the entire week of November 9-17.
If you want something to hack on at DevCon, try out the Mekong testnet!
All the pectra EIPs are live: so you can brainstorm your EIP-7702 wallet user flows, deposit a validator to use MaxEB and exit a staking pool validator with a smart contract! https://t.co/GXEqhjrDjS
— parithosh | 🐼👉👈🐼 (@parithosh_j) November 7, 2024
ETH Price to Hit $4000
Bullish sentiment surrounding Donald Trump’s win and DevCon event has triggered the rally. Moreover, the launch of the Mekong testnet to fuel ETH price further. Notably, analyst Benjamin Cowen predicted Ethereum price rally after a bottom formation confirmation in the ETH/BTC pair above the 50 DMA.
Popular analysts Michael van de Poppe and Ali Martinez said Ethereum is in the early bull run stage. With the Pectra upgrade expected to take place in early 2025, whales are likely to buy the dip. Michael van de Poppe suggested that the markets are rotating and ETH will see a massive pump. Notably, a higher-low formation will bring much-awaited upward momentum.
Also, Ali Martinez added that MVRV Momentum crossing its 180-day has historically signaled a period of outperformance for ETH price. The cross hasn’t happened yet and gives an opportunity to buy the dip for more upside ahead for the $4000 psychological level.
ETH price today jumped 8% to a 3-month high, with the price currently trading at $2,800. The 24-hour low and high are $2,611 and $2,878, respectively. However, the trading volume has decreased by 6% over the last day.
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.
Altcoin
Why Bitcoin Users Are Moving to Altcoins? As Ethereum Price Jumps 11%
Although the Bitcoin price rally has paused above $75,000 a day after Donald Trump’s victory, altcoins have continued their strong show with the Ethereum price taking the lead with 11% gains all the way to $2,850 levels. Investors have a lot of questions as to does this mark the beginning of the much-awaited altseason moving ahead.
Altcoins Steal the Limelight from Bitcoin?
On the day of Donald Trump’s victory on November 6, the Bitcoin price touched its all-time high levels surging all the way to $75,000. While the bulls try to defend these levels, altcoins seem to grabbing the investors’ focus.
The Ethereum price has managed to pull off 12% gains moving all the way to the $2,850 level and eying further rally to its all-time high levels. This comes despite strong selling pressure from Ethereum whales. Popular crypto analyst IncomeSharks noted that the ETH price has given a crucial breakout from the downward trendline slope, which opens the gates for a 75% rally from here to new all-time highs.
$ETH – Breakout. 75% move from here to an all time high. $3k first. pic.twitter.com/29KJzgk4Ex
— IncomeSharks (@IncomeSharks) November 7, 2024
Furthermore, after hitting the lower lows over the past few months, the ETH/BTC trading pair has notched up a bit. “With ETH/BTC at 0.035 it definitely makes sense to start hedging,” added Cowen. However, he added that for the bottom formation confirmation, the ETH/BTC pair must end above the 50 DMA.
I would watch #ETH / #BTC here.
If it can get above the 50D SMA, the there is a good chance that ETH/BTC has bottomed. pic.twitter.com/dXNYj2sDvY
— Benjamin Cowen (@intocryptoverse) November 7, 2024
Apart from Ethereum price surge, other altcoins like Solana made strong gains on Donald Trump’s victory. The Solana price has surged to $188 once again as talks about the approval of spot Solana ETF in the Trump presidency gain traction. As a result, analysts predict an SOL surge to $300 levels from here.
Will BTC Lose the Grip Over the Market?
Some market analysts state that it is still early to call the altseason and expect Bitcoin dominance to grow even further. Also, this could just be the beginning of the next major Bitcoin bull run.
Veteran trader Peter Brandt shared an optimistic outlook for Bitcoin, suggesting it has entered a “sweet spot” in the current bull market halving cycle. According to Brandt, Bitcoin is on track to peak between $130,000 and $150,000 by August or September of next year, marking a potential new high for the cryptocurrency.
Echoing similar thoughts, crypto analyst Ali Martinez noted that the next BTC top usually happens after 8 to 12 months following a monthly close above the previous all-time highs. Thus, he expects the next BTC top to happen anywhere between July to November 2025.
Historically, #Bitcoin has reached market tops roughly 8 to 12 months after achieving a monthly close above its previous all-time high.
If this pattern continues, the next potential market top for $BTC could occur between July and November 2025. pic.twitter.com/aWBZDBpUea
— Ali (@ali_charts) November 6, 2024
According to blockchain analytics firm CryptoQuant, Bitcoin’s recent all-time high doesn’t signal an overvaluation relative to its cost basis. The firm’s data on the MVRV ratio suggests that BTC remains well below peak levels. Additionally, Bitcoin’s price is close to traders’ average purchase cost, indicating that the market is not currently overheated. These insights point to the potential for continued growth in Bitcoin’s value.
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.
Altcoin
XRP Price At Risk As Ripple Moves $250M?
The XRP price has come under the spotlight following Ripple’s recent $250 million XRP transfer. This comes amid bullish predictions for the coin, with analysts saying that its price could enjoy a parabolic rally following Donald Trump’s win.
The XRP Price At Risk With Ripple’s $250 Million Transfer
The XRP price is at risk of a decline following Ripple’s transfer of $250 million worth of XRP to an unknown wallet. Onchain data shows that the crypto firm transferred 470 million XRP to this wallet (rP4X2…sKxv3). This unknown wallet has since transferred 100 million XRP to another wallet (rhWt2…E32hk).
The purpose of the $250 million transfer remains unclear. However, it could relate to Ripple’s On-Demand Liquidity (ODL) services or the ongoing SEC appeal case.
This development comes just a day after XRP whales moved $814 million, indicating whale accumulation. While the Ripple transfer is unlikely to impact the XRP price since it will likely be done over the counter (OTC) if it is a potential sale, it could still create a bearish sentiment among XRP investors.
However, crypto analysts are confident that XRP is currently in bullish territory following Donald Trump’s win in the US presidential elections. The coin could surge up to 3,336% as crypto analyst StephIsCrypto predicted a major above $2 following Trump’s victory.
A Price Surge Above $20 By Year-End
In an X post, Crypto analyst Amonyx made a bold prediction, stating that the XRP price will rise above $20 by year-end. In another X post, the analyst suggested that he was confident that this price surge would happen with the US SEC chair Gary Gensler set to be removed following Donald Trump’s victory.
Gensler’s removal is bullish for the XRP price because he has spearheaded the long-running legal battle against Ripple. The legal battle could have negatively impacted XRP all this time, creating doubts in investors’ minds.
However, with Gensler gone and the Ripple SEC lawsuit likely to end, investors could again become bullish on XRP and look to invest more in the crypto. Crypto analyst Ross Vandermeer also predicted that the XRP price could eventually rise to $1,000 thanks to Donald Trump’s US election victory.
Ripple CEO Brad Garlinghouse recently called on the US president-elect to fire Gary Gensler on day 1, just like he promised. Meanwhile, Ripple chief legal officer (CLO) Stuart Alderoty urged Trump to end the regulation-by-enforcement approach to position the US as the crypto capital.
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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