Altcoin
Ethereum Whales Valued $19M Enter New ICO Priced $0.00177 With ETH Profits
Crypto whales have always played a crucial role in driving market movements. Recently, Ethereum (ETH) whales, holding an impressive $19 million in assets, have made a significant move by entering a new ICO priced at just $0.00177. This move has piqued the interest of the broader crypto community, especially as Ethereum (ETH) faces its own set of challenges in the market. One of the standout projects that these whales are diving into is Mpeppe (MPEPE), a new cryptocurrency that’s generating considerable buzz for its potential to deliver substantial returns.
Ethereum ETFs: A Rocky Start
Ethereum (ETH) has been under the spotlight, especially after the much-anticipated launch of Ethereum ETFs earlier this year. While there was initial excitement, the performance of these ETFs has been less than stellar. Unlike Bitcoin ETFs, which shattered records with billions in trading volume in their early days, Ethereum ETFs have struggled to gain traction. Reports suggest that some Ethereum ETFs have seen little to no capital inflows, with some even recording zero activity on certain days.
The lackluster performance of Ethereum (ETH) ETFs has raised questions about their long-term viability. While it’s too early to label them a flop, the disparity in performance between Bitcoin and Ethereum ETFs is evident. This has led some analysts to speculate that institutional investors might be more inclined to stick with Bitcoin rather than diversifying into Ethereum (ETH), at least for now.
Why Ethereum (ETH) Whales Are Moving to New ICOs Like Mpeppe (MPEPE)
Despite the challenges Ethereum (ETH) is facing, the market’s big players, the whales, are not sitting idle. These investors are known for their ability to spot lucrative opportunities early, and their recent interest in a new ICO priced at $0.00177 is a testament to this. Among the new projects capturing their attention is Mpeppe (MPEPE), which has already garnered attention for its potential to deliver substantial returns, reminiscent of the early days of Ethereum (ETH).
Ethereum (ETH) whales are likely diversifying their portfolios, seeking out high-potential projects that offer better returns in a shorter timeframe. Mpeppe (MPEPE) presents an attractive opportunity, especially given the current uncertainty surrounding Ethereum (ETH) ETFs. The potential for exponential growth in a project like Mpeppe (MPEPE) makes it an appealing choice for these seasoned investors.
The Potential Impact of Ethereum’s ETF Struggles
The underperformance of Ethereum (ETH) ETFs has broader implications for the market. While Ethereum (ETH) remains the second-largest cryptocurrency by market cap, its dependency on Bitcoin’s price movements and the lack of independent momentum could be a concern for some investors. The fact that Ethereum (ETH) ETFs haven’t been able to match the success of their Bitcoin counterparts suggests that institutional interest in Ethereum (ETH) might not be as robust as initially hoped.
This scenario raises important questions about the future of Ethereum (ETH) and its position in the crypto market. If Bitcoin continues to outperform and dominate the market, Ethereum (ETH) and other altcoins may struggle to break free from its shadow. However, with Bitcoin’s potential to hit $100,000 by the end of the year, as some analysts predict, there could still be hope for a rally in Ethereum (ETH) as well. Meanwhile, Mpeppe (MPEPE) stands out as a project that could attract investors looking for fresh opportunities in a market where Ethereum’s momentum has stalled.
Why Mpeppe (MPEPE) Is Attracting Ethereum (ETH) Whales
The new ICO, Mpeppe (MPEPE), priced at just $0.00177, offers a unique opportunity for investors to get in on the ground floor of a potentially game-changing project. Ethereum (ETH) whales, known for their strategic investments, are betting on Mpeppe (MPEPE) as a way to leverage their profits and mitigate some of the risks associated with the current Ethereum (ETH) market.
Mpeppe (MPEPE)’s low entry price is particularly attractive in a market where even small investments can yield substantial returns. For Ethereum (ETH) whales, this represents an opportunity to diversify their holdings and capitalize on the next big thing in the crypto world, much like they did with Ethereum (ETH) in its early days.
Conclusion: A Strategic Move Amid Market Uncertainty
As Ethereum (ETH) navigates through a challenging period, its whales are making strategic moves to ensure continued growth. The entry of these whales into a new ICO like Mpeppe (MPEPE), priced at $0.00177, is a clear indication of their confidence in the potential of this project to deliver strong returns. While Ethereum (ETH) remains a critical player in the crypto space, its current struggles highlight the importance of diversification and the need to stay ahead of market trends.
For those following the moves of Ethereum (ETH) whales, Mpeppe (MPEPE) could represent a promising opportunity to achieve significant gains, especially as the broader market continues to evolve. As Mpeppe (MPEPE) gains traction, it could become a cornerstone investment for those looking to replicate the success of early Ethereum (ETH) adopters.
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Altcoin
Dogecoin Code Appears In CyberTruck And Model 3 Website, Will Tesla Accept DOGE Payments For Cars Soon?
Dogecoin enthusiasts recently reignited discussions on the meme coin’s future after an observation shared on the social media platform X. KrissPax, a Dogecoin enthusiast, highlighted a curious detail that showed that DOGE is the only cryptocurrency currently embedded in the payment code for Tesla’s Cybertruck and Model 3 vehicles. Interestingly, this plays into the current bullish sentiment surrounding DOGE and rumors about Tesla’s plans to officially accept DOGE as a payment method.
Dogecoin Code In Tesla’s Payment: A Long-Standing Detail Revisited
The inclusion of Dogecoin in Tesla’s payment infrastructure has been known for some time, but the timing of its renewed focus has drawn attention. Notably, it comes during a notable price correction for the meme cryptocurrency.
Back in October 2023, reports surfaced about mentions of DOGE in the source code of Tesla’s Cybertruck checkout page. Particularly, crypto influencer MartyParty identified over 50 references to Dogecoin within the code.
However, the renewed interest stems from a recent post by Dogecoin enthusiast KrissPax on the social media platform X. He highlighted the presence of a DOGE code in Tesla’s payment systems, stating:
“Just remember, there is Dogecoin in the Cybertruck and Model 3 Tesla payment codes. Not any other crypto – just Dogecoin. Just waiting for Tesla to turn this option on!”
Although Tesla’s Cybertruck has since been launched, this year, the DOGE payment feature has not yet been activated. Nonetheless, its presence in the code suggests that Tesla is keeping the door open to allow DOGE transactions in the future.
What Does This Mean For DOGE?
Tesla CEO Elon Musk has long been a vocal supporter of Dogecoin, often relaying its use for everyday transactions. His enthusiasm for DOGE has been evident through numerous public endorsements, including Tesla’s decision in January 2022 to start accepting DOGE as payment for select merchandise. This endeavor created some sort of utility for DOGE, which is known for its meme status.
However, a final integration of DOGE as a payment method for Tesla cars would be the final straw in the electric vehicle maker’s creation of utility for the meme coin. A move of such magnitude would not only improve Dogecoin’s adoption but also open it up to another path of inflows, which would in turn benefit its price growth. Furthermore, other companies could follow in the footsteps of Tesla and make DOGE a payment method.
Interestingly, such a move would not be the first time Tesla accepted crypto payments for its vehicles. Back in 2021, Tesla started allowing customers to use Bitcoin as a form of payment. However, the initiative was short-lived, as Tesla discontinued Bitcoin payments just months later due to environmental concerns over the growing energy consumption of Bitcoin mining and transactions.
At the time of writing, the Dogecoin price is trading at $0.3842, down by 0.92 and 1.69% in the past 24 hours and seven days, respectively.
Featured image created with Dall.E, chart from Tradingview.com
The Ethereum price has surged more than 7% recently, with recent indicators hinting towards a potential ETH rally to $10K ahead. Notably, the recent surge also indicates a bullish momentum for the crypto ahead. So, here we explore some of the top indicators that could propel an ETH price surge ahead.
5 Indicators To Watch For Ethereum Price Rally Ahead
A recent X post from top on-chain analytics platform IntoTheBlock highlighted that Ethereum often follows Bitcoin’s rallies. While mixed signals exist, certain metrics suggest optimism. The platform noted that whales continue accumulating ETH, indicating confidence in the asset’s long-term growth. Increased transaction volumes and minimal selling pressure from holders are also contributing to Ethereum’s positive outlook.
In addition, one critical indicator is daily transactions, which recently rose to 1.22 million from 1.1 million three months ago. This slight uptick reflects growing network activity and rising demand for Ethereum.
Another key metric is large holder netflow, which tracks the buying activity of whales. When whales accumulate, it reduces sell-side pressure and supports price appreciation. Short-term holder behavior also warrants attention.
Meanwhile, increased activity among short-term investors often aligns with heightened retail interest. The holding time of transacted coins is another bullish sign. A steady hold time suggests that long-term investors are retaining their assets, keeping supply constrained as demand grows.
Lastly, exchange flows reveal sentiment trends. Significant outflows from exchanges typically indicate accumulation, signaling confidence among investors.
ETH Rally To $10K Imminent?
ETH price today was up nearly 8% and exchanged hands at $3,343, while its one-day trading volume rocketed 61% to $45.19 billion. In addition, Ethereum Futures Open Interest also rose more than 13%, indicating a strong market confidence towards the crypto.
Amid this, a top crypto market expert predicts ETH price to hit $10K in the coming days, sparking market speculations. However, despite that, a recent Ethereum price analysis hints that the top altcoin should soar past the $4K mark, before its further rally.
Having said that, a flurry of crypto market experts anticipates the crypto to continue its rally in the coming days. In addition, as BTC hits a new ATH recently, the market pundits expect the altcoins to follow suit, especially amid soaring optimism towards a clear regulatory path after Donald Trump’s election win.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
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.
Ripple SEC Lawsuit: The US Securities and Exchange Commission (SEC) hinted at “digital asset securities” claims amid the appeal in the Second Circuit Court. The move comes as XRP price surpassed $1 and expected a rally to $2 on Gary Gensler’s resignation and the end of XRP lawsuit during Donald Trump’s presidency.
US SEC Hints At Digital Asset Securities Claims In Ripple Lawsuit
In a PLI’s 56th Annual Institute speech last week, SEC Chair Gary Gensler reiterated “Bitcoin is not a security.” He also cleared the intention to continue considering XRP as security as he didn’t mention it along with “Bitcoin, ether, and stablecoins.”
“Our focus, rather, has been on some of the 10,000 or so other digital assets, many of which courts have ruled were offered or sold as securities. Putting this in context, aside from bitcoin, ether, and stablecoins, the rest of this market approximates $600 billion.”
Crypto lawyer James Murphy, also known as MetaLawMan slammed the US SEC for using the term “digital asset securities” again in an X post on Wednesday. Gensler and the SEC disregarded the court’s order on XRP security status in the Ripple SEC Lawsuit. This indicates that the agency failed to comply with its recent apology for using the term “crypto asset securities” in lawsuits.
Here we go again “digital asset securities.”
Unbelievable. https://t.co/vqCbEJ9PNh— MetaLawMan (@MetaLawMan) November 20, 2024
The regulator appealed the summary judgment on XRP sales by Ripple, XRP distribution to employees and others by the company, and XRP sales on exchanges by CEO Brad Garlinghouse and Executive Chairman Chris Larsen. However, the recent crypto narratives amid President-elect Trump has sparked speculation of the end of SEC v Ripple lawsuit.
Will XRP Lawsuit Get Dismissed?
The crypto community called for the dismissal of the long-running Ripple SEC lawsuit and resignation of SEC Chair Gary Gensler. Also, Ripple CEO Brad Garlinghouse said he is expecting a resolution or end of the SEC lawsuit after Trump’s win.
Ripple CTO David Schwartz cleared that the company is legally obligated to Ripple shareholders and not XRP holders. While Ripple can work around legal clarity around XRP and digital assets, the prices of digital assets don’t depend on the efforts of the company. Schwartz and lawyers assert XRP lawsuit will likely get dismissed or settled with $125 million.
Meanwhile, lawyer Bill Morgan asserted that the price of XRP is not influenced by Ripple’s efforts as seen by long-term investors. Notably, Gensler’s hint at resignation and the potential end of Ripple SEC lawsuit triggered an XRP price rally to $1.
XRP Price Rally to $2
XRP price is currently holding at 0.702 Fib retracement level. Any strong upside momentum can trigger the next move to the $1.6–$2. The strong sentiment in the XRP community and Trump’s crypto policies will maintain bullishness in the crypto market.
Popular analyst CredibleCrypto suggests XRP will probably going to make new ATH “a lot quicker than most are expecting.” XRP/ETH just reclaimed and retested a 4-year long-range in the monthly chart, which signals a 250% higher target. He predicted a target of $2.
XRP price jumped over 1% in the past 24 hours and 60% in a week, with the price currently trading at $1.13. The 24-hour low and high are $1.07 and $1.15, respectively. Furthermore, the trading volume has increased by 7% in the last 24 hours, indicating a rise in interest among traders.
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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