Altcoin
Dogecoin’s Downfall: Investors Bet on Mpeppe for 150x Profits
The world of meme coins is buzzing with speculation and anticipation as Dogecoin (DOGE), once the unrivaled king of meme cryptocurrencies, faces a new and formidable challenger: Mpeppe (MPEPE). As the cryptocurrency market evolves, many investors are shifting their focus from Dogecoin (DOGE) to Mpeppe (MPEPE), enticed by the potential for massive returns. But what’s driving this shift, and can Mpeppe (MPEPE) truly offer the 150x profits that investors are hoping for?
Dogecoin’s (DOGE) Waning Dominance
Dogecoin (DOGE) has long held its position as the top meme coin, fueled by a passionate community and high-profile endorsements, most notably from Elon Musk. However, the tides may be turning. According to Murad Mahmudov, a former Goldman Sachs analyst, Shiba Inu (SHIB) could overtake Dogecoin (DOGE) in the next crypto bull cycle, challenging the long-held belief that Dogecoin is unbeatable. This sentiment is echoed by many market observers who see Dogecoin’s (DOGE) dominance as increasingly vulnerable.
Despite its historical strength, Dogecoin (DOGE) has struggled to regain its previous highs. Recent data indicates that while there is still optimism in the market with futures traders entering long positions, the overall momentum is uncertain. Even on International Dog Day, Dogecoin (DOGE) saw only a marginal price increase, trading around $0.1094, far below its peak. The idea that Dogecoin (DOGE) might not be able to maintain its dominance is no longer just a distant possibility; it’s becoming a tangible concern for its investors.
Mpeppe (MPEPE): The New Hope for Meme Coin Investors
As Dogecoin (DOGE) grapples with its future, Mpeppe (MPEPE) has emerged as a new beacon of hope for those seeking the next big thing in the meme coin market. Mpeppe (MPEPE) has already garnered significant attention during its presale phases, raising over $1.29 million and selling more than 80.46% of its tokens at a price of 0.001777 USDT each. Investors are flocking to Mpeppe (MPEPE) not only because of its strong community backing but also due to its innovative approach that combines the viral nature of meme culture with the global appeal of sports.
Mpeppe (MPEPE) offers a fresh perspective in the meme coin space. Its integration of sports, NFTs, and decentralized finance (DeFi) elements provides a unique value proposition that sets it apart from traditional meme coins like Dogecoin (DOGE). With features such as Player Card NFTs and an upcoming online casino, Mpeppe (MPEPE) is creating a multifaceted ecosystem that promises both entertainment and potential financial rewards.
Why Investors Are Betting on 150x Profits with Mpeppe (MPEPE)
The allure of Mpeppe (MPEPE) lies in its potential for explosive growth. As the presale continues to attract a large number of investors, there is growing speculation that Mpeppe (MPEPE) could deliver returns of up to 150x. This optimism is fueled by the project’s rapid community growth, its innovative product offerings, and the current market dynamics where newer meme coins often capture significant market share from established players.
Investors are also drawn to Mpeppe (MPEPE) because of the lessons learned from Dogecoin (DOGE) and Shiba Inu (SHIB). Both of these coins demonstrated that early adoption and strong community support could lead to astronomical returns. With Mpeppe (MPEPE) positioning itself as a serious contender in the meme coin space, many believe it has the potential to replicate, if not exceed, the success seen by its predecessors.
Dogecoin (DOGE) vs. Mpeppe (MPEPE): A Changing of the Guard?
The possibility of Dogecoin (DOGE) being overtaken by other meme coins is no longer just theoretical. As market dynamics shift, and new players like Mpeppe (MPEPE) rise, Dogecoin’s (DOGE) position is increasingly at risk. While Dogecoin (DOGE) still enjoys a large and loyal following, the excitement surrounding Mpeppe (MPEPE) suggests that investors are eager for the next big opportunity.
Murad Mahmudov’s prediction that Shiba Inu (SHIB) could surpass Dogecoin (DOGE) adds further pressure to Dogecoin (DOGE) holders, many of whom are now considering diversifying into Mpeppe (MPEPE). The anticipation of a 150x profit with Mpeppe (MPEPE) is proving to be a strong motivator for investors who are looking for high-risk, high-reward opportunities in the ever-volatile crypto market.
Conclusion: Is Mpeppe (MPEPE) the Next Dogecoin (DOGE)?
As the meme coin landscape continues to evolve, the rise of Mpeppe (MPEPE) could signify a changing of the guard. While Dogecoin (DOGE) has long been the leader of the meme coin pack, its dominance is now being challenged by innovative projects like Mpeppe (MPEPE). With the potential for 150x profits, Mpeppe (MPEPE) is capturing the imagination of investors who believe in its growth potential.
For those looking to maximize their returns in the meme coin market, the decision may come down to whether to stick with the established Dogecoin (DOGE) or to take a chance on the rising star, Mpeppe (MPEPE). As the market continues to develop, one thing is clear: the meme coin space is as dynamic and unpredictable as ever, and Mpeppe (MPEPE) could very well be the next big winner.
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
The SHIB community is once again surfing optimistic tides within the crypto realm with a staggering 12,000% uptick in the Shiba Inu burn rate and a key Shibarium milestone achieved lately.
On Wednesday, April 2, burn statistics signaled that over 115 million coins were removed from the circulating supply, whereas transactions on the Layer 2 blockchain scaled new heights by topping 1 billion. In response, crypto market participants are now eyeing a highly bullish future for one of the most renowned dog-themed meme tokens amid bolstered market dynamics.
Shiba Inu Burn Rate Soars Over 12,000%, Supply Takes A Blow
Data from the official tracker Shibburn indicated that the SHIB burn rate surged 12,278.89% in the past 24 hours. Per the data, this massive surge rode the back of 115.89 million tokens removed from the supply in just a day.
Notably, the burn mechanism permanently reduces the circulating supply by transferring tokens to a null address. As a response, traders and investors weigh bullishness on the asset’s future prospects by considering the law of supply and demand.
With today’s massive burn saga, the total number of coins killed to date reached 410.72 trillion SHIB. Meanwhile, 584.35 trillion tokens still remain in circulation. Further, it’s worth mentioning that the wallet address “0xc439514852e132c” single-handedly burnt 92.64 million tokens, aiding the surge.
The impact of the constant Shiba Inu burns has kept investors hopeful about a price rally ahead. On the other hand, the coin’s layer 2 blockchain, Shibarium, is making monumental strides.
Shibarium Transaction Volume Hits 1B
SHIB’s marketing lead Lucie further revealed on X that the transaction volume on the Layer 2 blockchain has crossed the 1 billion mark. This chronicle has added to the optimistic buzz orbiting the crypto as it underscores its network’s rising popularity.
Soon after its launch in August 2023, the L2 network gained significant traction with its vast offerings. Ranging from seamless transactions and gaming opportunities to utilities with tokens such as TREAT, LEASH, and BONE, the L2 network offers users top-notch services in the Web3 space. The rising transactions add to bullish market sentiments, accompanying the Shiba Inu burn rate upswing.
Is SHIB Price Gearing Up For A Rally?
Despite the bullish advancements, SHIB price traded down nearly 4% today, resting at $0.00001224. The meme coin hit a low and a peak of $0.00001214 and $0.00001312 in the past 24 hours. Besides, the weekly chart also indicated a 20% crash in value. This bearish action has kept investors cautious over future aspects despite the Shiba Inu burn surge and Shibarium advancement.
Simultaneously, a renowned crypto market trader going by the name Nebraskangooner revealed that SHIB continues to reject resistance just like other altcoins. Crypto market participants continue to thoroughly monitor the token, given that some market stats indicate a bullish stance whilst the price wanes.
Also, CoinGape reported that the coin’s lead developer, Shytoshi Kusama, shared a cryptic location update recently. The abovementioned chronicles are some of the most buzz-worthy Shiba Inu news lately.
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.
Pi Network seems to be losing ground as Pi Coin price continues to face strong selling pressure, dropping another 4% and slipping under $0.70. Furthermore, the PI trading activity in the ecosystem is also dropping, showing that the investors’ euphoria is fading away quickly. Also, the PI token unlocks happening over the past week and so have led to a negative sentiment.
Pi Network Faces Backlash Despite PiFest Announcement
Earlier today, the Pi Core team announced that the inaugural PiFest on the Open Network saw record participation, with over 125,000 registered sellers—including more than 58,000 active sellers—and 1.8 million Pioneers utilizing Map of Pi, while highlighting Pi’s real-world utility worldwide.
However, the community doesn’t seem to be pleased by this. Commenting on the reality of the PiFest, Dr. Altcoin noted: “Since the PiFest started, Pi trading activity in the Eco-system has been at its lowest. The only trade was selling Pi for Cash”. While slamming the core team further, Dr. Altcoin stated that the Pi co-founders “seem out of touch with the realities of the everyday Pi Community”.
Other community members have slammed Pi Core Team’s communication approach, stating that it has remained unchanged since the enclosed mainnet phase. Critics like Dao world argue that the monthly updates are too predictable and insufficient for sustaining a large and engaged community.
Community members are now advocating for a more transparent communication strategy, with calls for a new leadership figure who has a deep understanding of cryptocurrency.
Pi Network Reduces Base Mining Rate by 1.18% This Month
The Pi Network’s base mining rate has dropped by 1.18% this month, now standing at 0.0029030 π per hour. This adjustment continues the network’s trend of gradual mining rate reductions. Some community members speculate that the declining interest in mining may be linked to Pi’s current low trading value on exchanges.
Despite talks of the Pi Network listing on top crypto exchanges like Binance and Coinbase, it hasn’t fructified so far. However, the BTCC exchange stated that it has added the cryptocurrency for spot trading, but it failed to add any upward momentum to the Pi coin price.
Where’s Pi Coin Price Heading Next?
Over the past seven days, the Pi coin price has tanked by 20%, with the next crucial support levels at $0.60. Furthermore, the correction under $0.70 comes with heavy selling pressure as daily trading volumes tanked 52% to $148 million.
Pi Network is currently forming a classic falling wedge pattern, testing the lower boundary near $0.687. A confirmed breakout with volume above the $0.71–$0.72 range could signal a bullish move, potentially pushing the price toward $0.75–$0.78, where key resistance levels lie.
Some market analysts still have the hope that PI cryptocurrency could reverse the trajectory to hitting highs of $3 and above.
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.
PENDLE price has led the broader market gains this Wednesday, pumping nearly 8% amid bullish developments. Recent whale metrics indicated that large-scale investors bought roughly $8 million of the token, whereas a crypto exchange behemoth also listed it previously. In an upshot, traders and investors are eyeing more gains in the asset’s price due to recent advancements that underscore rising demand for the crypto.
PENDLE Price Jumps 8% Amid Bullish Whale Transactions
As of press time, PENDLE price witnessed an 8% uptick in value and exchanged hands at $3.05. The crypto’s 24-hour low and high were registered as $2.84 and $3.07, respectively.
On a keynote, the rising price action aligns with the heightened buying pressure bought by whales in recent days. The latest data from tracker Lookonchain showed that whales bought roughly $8 million worth of coins in the past 5 days. Per the data, five newly created wallets collectively accumulated the aforementioned amount.
Here Are The PENDLE Whale Addresses Captured:
-0x21fBA58b20f62397c015b1f5a15f742ad430dFA
-0x2EB48c60F4ea75fa0a0Ff5BB017EBD9f5981b8F5
-0x11DFEDf01B3FA824BbCB138159B2e6AFE43692a3
-0x981D8856f572Fb076626265114EAD67697dA5501
-0x6478C8681ADC3E7a0C17Aa1E1F0Ff16d1A61a8f6
Why Are Whales Accumulating?
Meanwhile, the rising whale accumulations and PENDLE price upswing fall in line with another bullish development. Crypto exchange behemoth Coinbase unveiled a listing for the token at the end of March last month.
As a result, large-scale investors are hoarding massive amounts of the token, aiming to capitalize on emerging market opportunities.
Historically, listings on top crypto exchanges usually usher a bullish price action as they substantially increase an asset’s market exposure, thereby welcoming more funds from investors. CoinGape previously reported another similar chronicle, wherein cryptos BROCCOLI and TUT price rallied with their listings on Binance. Similarly, the Coinbase listing appears to be a vital catalyst for driving the whale frenzy and recent price upswing.
Can Bullish Developments Fuel Bull Run Ahead?
Usual market sentiments continue to tilt in favor of bulls, given the Coinbase listing and rising whale accumulations. Further, a renowned crypto market trader has poured additional optimism surrounding the coin’s future price action with his bullish prediction.
Analyst AMCrypto recently took to X, revealing that PENDLE price is forming an “inverse head and shoulder pattern.” This pattern formation suggests that a potential trend reversal from bearish to bullish is brewing amid bullish advancements.
In light of this dynamic, the analyst predicts that a break above $3 paves the way for a massive rally ahead. As mentioned above, the coin is currently trading above this price level. As a result, market watchers continue to weigh further bullishness on the asset’s long-term price prospects.
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.
What’s Fueling The Shibarium Boost?
BNB Price Faces More Downside—Can Bulls Step In?
Tokenized Gold Market Cap Tops $1.2 Billion as Gold Prices Surge
VanEck Sets Stage for BNB ETF with Official Trust Filing
Pi Network Faces Community Backlash, Is Pi Coin Price Heading to Zero?
XRP Recovery Stalls—Are Bears Still In Control?
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
-
Bitcoin24 hours ago$500 Trillion Bitcoin? Saylor’s Bold Prediction Shakes the Market!
-
Altcoin22 hours agoWill XRP, SOL, ADA Make the List?
-
Altcoin20 hours agoBinance Update Sparks 50% Decline For Solana Meme Coin ACT: Details
-
Market23 hours agoCoinbase Stock Plunges 30% in Worst Quarter Since FTX Collapse
-
Market21 hours agoTrump’s USD1 Stablecoin Eyes Trust Recovery in Crypto
-
Altcoin21 hours agoBTC, ETH, XRP, DOGE Fall Following Weak PMI, JOLTS Data
-
Altcoin18 hours agoXRP Price to $27? Expert Predicts Exact Timeline for the Next Massive Surge
-
Market17 hours agoEthereum Struggles to Break Out as Bear Trend Fades
✓ Share: