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Ethereum (ETH) News: New ETH ICO Gains Massive Support Ethereum (ETH) Whale

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The Ethereum (ETH) ecosystem is buzzing with excitement as a new Initial Coin Offering (ICO) rapidly gains traction, attracting the attention of a major Ethereum (ETH) whale. The ICO in question is for Mpeppe (MPEPE), a project that has quickly risen through the ranks to become one of the most anticipated launches on the Ethereum (ETH) network. With the presale now 84.73% complete, Mpeppe is poised to make a significant impact in the cryptocurrency world, offering a fresh and promising opportunity for investors.

The Rise of Mpeppe: A New Contender in the Ethereum (ETH) Ecosystem

Mpeppe (MPEPE) has been making waves in the Ethereum (ETH) community, thanks to its innovative approach and the growing interest from investors. Built on the robust Ethereum (ETH) blockchain, Mpeppe is designed to capitalize on the decentralized finance (DeFi) movement, offering users a unique platform for trading, staking, and earning rewards. The project’s presale has already seen remarkable success, with over 1.3 billion tokens sold and the current phase nearing completion.

The ICO’s rapid success is largely attributed to its strategic marketing efforts and the buzz generated by its growing community. The use of promo code “MPEPE20,” which offers a 20% bonus to early investors, has further fueled interest, making Mpeppe one of the most talked-about ICOs of the year. With the presale price currently set at $0.001777 per token, Mpeppe presents a low entry point for investors looking to get in on the ground floor of a potentially explosive project.

The Impact of Ethereum (ETH) Whales on Mpeppe’s Success

One of the most significant developments in Mpeppe’s journey has been the involvement of Ethereum (ETH) whales. These large-scale investors, known for their substantial holdings and market influence, have begun to take notice of Mpeppe’s potential. The participation of an Ethereum (ETH) whale in the Mpeppe presale has sent ripples through the crypto community, signaling confidence in the project’s future.

Ethereum (ETH) whales are often seen as market movers, capable of driving significant price movements with their trades. Their interest in Mpeppe is a strong indicator that the project is viewed as a valuable addition to the Ethereum (ETH) ecosystem. This level of support not only boosts investor confidence but also sets the stage for a successful launch once the ICO concludes.

What Sets Mpeppe Apart in the Crowded ICO Market?

In a market flooded with new ICOs, Mpeppe (MPEPE) stands out for several reasons. First and foremost is its strategic use of the Ethereum (ETH) blockchain, which provides a solid foundation for the project’s operations. Ethereum (ETH)’s well-established network offers Mpeppe (MPEPE) access to a vast community of developers, users, and investors, ensuring that the project is built on a secure and scalable platform.

Additionally, Mpeppe (MPEPE)’s focus on decentralized finance is particularly timely. As DeFi continues to grow in popularity, projects like Mpeppe (MPEPE) that offer innovative solutions in this space are well-positioned to attract a dedicated user base. The project’s staking features, combined with its potential for high returns, make it an attractive option for both seasoned crypto enthusiasts and newcomers alike.

Moreover, the project’s transparent and community-driven approach has earned it a loyal following. The development team’s commitment to regular updates and engagement with the community has fostered trust and enthusiasm, further contributing to the project’s success.

The Road Ahead for Mpeppe

As Mpeppe (MPEPE)’s presale approaches the 85% mark, the excitement surrounding the project shows no signs of slowing down. With each phase of the presale, the price of Mpeppe (MPEPE) tokens is set to increase, making now an ideal time for investors to secure their position. The anticipation of the next phase, where the token price will rise to $0.0021, adds a sense of urgency for those looking to maximize their returns.

Looking ahead, Mpeppe (MPEPE)’s future appears bright. The strong backing from Ethereum (ETH) whales, combined with the project’s innovative approach and robust community support, positions it as a potential game-changer in the crypto space. As the ICO nears completion, all eyes are on Mpeppe (MPEPE) to see how it will perform once it hits the open market.

Conclusion: A Strategic Investment Opportunity

For investors in the Ethereum (ETH) ecosystem, Mpeppe (MPEPE) represents a unique and promising opportunity. The project’s rapid success in the presale, coupled with the endorsement of Ethereum (ETH) whales, highlights its potential for substantial returns. As Mpeppe (MPEPE) continues to gain momentum, it is poised to become a significant player in the world of decentralized finance, offering investors a chance to be part of a groundbreaking venture.

With the presale almost 85% complete, the window of opportunity is closing fast. Investors looking to capitalize on this new ETH-based ICO should act quickly to secure their tokens before the price increases in the next phase. Mpeppe (MPEPE) is more than just another ICO—it’s a strategic investment in the future of Ethereum (ETH) and decentralized finance.

For more information on the Mpeppe (MPEPE) Presale: 

Visit Mpeppe (MPEPE)

Join and become a community member: 

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

 



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Ethereum Foundation Launches Pectra Tesnet ‘Mekong’, ETH Price Set For $4000

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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.

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.

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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.

MVRV momentumMVRV momentum
MVRV momentum

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Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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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Why Bitcoin Users Are Moving to Altcoins? As Ethereum Price Jumps 11%

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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.

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.

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.

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.

Courtesy: CryptoQuant

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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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XRP Price At Risk As Ripple Moves $250M?

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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.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

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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