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ETH Whale Boost Their Wealth By 300x With Playdoge and Rival Token Mpeppe
In the fast-paced and ever-evolving world of cryptocurrency, savvy investors are always on the lookout for the next big opportunity to maximize their returns. Recently, an ETH whale made headlines by boosting their wealth by an astonishing 300x through strategic investments in PlayDoge (PLAY) and its rising rival, Mpeppe (MPEPE). This move has caught the attention of the crypto community, showcasing the immense potential these tokens hold in the current market landscape.
PlayDoge’s Meteoric Rise Post-DEX Debut
PlayDoge (PLAY) recently made its highly anticipated debut on decentralized exchanges (DEXs) like Uniswap and DEXTools, and it did not disappoint. The token surged by 24% within minutes of trading, reaching a market cap of 23.3 million. This impressive performance was fueled by a successful presale that raised over 6.5 million, attracting a large community of meme coin enthusiasts and crypto gamers.
The PLAY token’s early success is a testament to its unique value proposition in the play-to-earn (P2E) gaming sector. PlayDoge (PLAY) is not just another meme coin; it’s a fully-fledged gaming ecosystem inspired by the nostalgic Tamagotchi-style gameplay. The game’s blend of engaging mechanics, rewarding play-to-earn features, and accessible mobile platform has positioned it as a potential leader in the P2E market, which analysts predict could be worth 6.3 billion by 2031.
As PlayDoge (PLAY) continues to gain traction, the PLAY token is expected to see significant demand, driving its price higher. The project’s focus on long-term growth, coupled with locked liquidity pools on both Ethereum and Binance Smart Chain, adds a layer of security for investors, reducing concerns about potential rug pulls.
Mpeppe (MPEPE): The Rising Star in the Crypto World
While PlayDoge (PLAY) has captured the spotlight, Mpeppe (MPEPE) is quickly emerging as a formidable rival, offering a unique investment opportunity with its innovative approach to blockchain technology and the gaming sector. Priced at just 0.001777, Mpeppe (MPEPE) is still in its early stages, making it an attractive option for those looking to get in on the ground floor of what could be the next big thing in crypto.
Mpeppe (MPEPE)’s appeal lies in its ability to combine the viral nature of meme coins with real-world utility. The project aims to revolutionize how users interact with digital assets, creating a comprehensive ecosystem that appeals to both casual gamers and serious investors. As more ETH whales and other savvy investors take notice, Mpeppe (MPEPE)’s price is poised for a potential 1000% rally, making it a prime candidate for those looking to maximize their returns in the upcoming bull market.
Why ETH Whales Are Turning to PlayDoge and Mpeppe
The recent market activity suggests that large-scale investors, including ETH whales, are strategically diversifying their portfolios with high-potential altcoins like PlayDoge (PLAY) and Mpeppe (MPEPE). The appeal of these tokens lies in their ability to offer both immediate gains and long-term growth potential, making them ideal investments in the current market climate.
PlayDoge (PLAY)’s early success on DEXs and its promising future in the P2E gaming sector make it an attractive option for those looking to capitalize on the growing trend of gaming and meme coins. The 24% initial pump in PLAY’s price is just the beginning, with many analysts predicting even greater gains as the game’s popularity continues to rise.
On the other hand, Mpeppe (MPEPE)’s innovative approach to integrating blockchain technology with gaming and digital assets offers a fresh perspective in the crowded meme coin space. Its low entry price and potential for a 1000% rally make it a highly appealing option for investors looking for high-risk, high-reward opportunities.
Early Profit-Taking and Future Prospects
While PlayDoge (PLAY) has already seen a 24% surge in price, early profit-taking by presale investors has created an attractive entry point for new investors. PLAY is currently trading at a more than 50% discount to its list price, offering a unique opportunity for those looking to invest before the next big pump.
Similarly, Mpeppe (MPEPE)’s early-stage pricing and potential for exponential growth make it a must-watch for investors looking to diversify their portfolios with high-potential altcoins. With the crypto market gearing up for its next bull run, tokens like PlayDoge (PLAY) and Mpeppe (MPEPE) are well-positioned to deliver substantial returns.
Conclusion: The Time to Invest is Now
For those looking to make the most of the upcoming market trends, PlayDoge (PLAY) and Mpeppe (MPEPE) represent some of the best opportunities available right now. With strong community support, innovative approaches, and significant growth potential, these tokens are set to lead the next wave of crypto gains.
Whether you’re an ETH whale or a retail investor, the time to dive into PlayDoge (PLAY) and Mpeppe (MPEPE) is now. As these tokens continue to gain traction, the potential for life-changing returns is within reach. Don’t miss out on the chance to be part of the next big success story in the crypto world.
For more information on the Mpeppe (MPEPE) Presale:
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American multinational investment management company Franklin Templeton has made global headlines this Wednesday by revealing that it is eyeing a crypto ETP launch in Europe. The company with over $1.5 trillion in AUM (Assets Under Management) now follows the footsteps of its rivals BlackRock and 21Shares, who previously revealed similar plans for the region. Following its remarkable success in the U.S. with a Bitcoin ETF, this mover has echoed a notable market buzz, paving the way for further investor interaction with the digital asset class.
Franklin Templeton Considers Crypto ETP Launch In Europe
According to an X post by Bitcoin Magazine on April 2, Franklin Templeton is considering launching Bitcoin and crypto ETP in Europe. With this decision, the asset manager is poised to join the fray alongside BlackRock and 21Shares to achieve such a feat in the region.
A company spokesperson revealed that while plans to launch a digital asset-backed ETP are not “immediate, “observing and keeping pace with the evolving regulatory framework in Europe and elsewhere to create those cryptocurrency products that best cater to our clients’ demands” remain vital. Also, they added, “We are constantly exploring the possibility of launching innovative products in all asset classes,” ETF Stream reported.
Franklin Templeton Follows BlackRock & 21Shares’ Footsteps?
Meanwhile, CoinGape recently reported that BlackRock also launched its iShares Bitcoin Trust in the same region. This ETP is featured on Xetra and Euronext Paris under the ticker IBIT, while investors can also find it on Euronext Amsterdam.
Additionally, asset manager 21Shares expanded its crypto ETP offerings in Europe the previous week. Reportedly, the asset manager launched Bitcoin, Solana, and XRP Exchange-Traded Products (ETPs) on Nasdaq Stockholm, enhancing regional investor participation for the digital asset class. Overall, the European crypto ETP scenario continues to take a paradigm-favorable shift as Franklin Templeton now joins the race, adding to institutional support in the region.
Bitcoin ETF Success In The U.S. Garners Attention
Simultaneously, it’s worth taking into account the prominent market success of Franklin Templeton Digital Holdings Trust (EZBC) in the U.S. Sosovalue data indicates that the asset manager currently holds net assets worth $428.52 million within its spot Bitcoin ETF holdings. The considerably large holdings in just a year of BTC ETF’s inception underline the trading products and the asset manager’s phenomenal success. This market capitalizing stand also fuels optimism for crypto ETPs launch in Europe, given the feat happens 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.
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.
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