Altcoin
Experts Predicted 150% Rally For Quant and Mpeppe Once Market Turns Around
Quant (QNT) and Mpeppe (MPEPE) have shown resilience and potential in the face of bearish conditions, leading analysts to predict a potential 150% rally for these assets when the market shifts to a more favorable trend. Let’s explore how Quant (QNT) and Mpeppe are navigating the current landscape and why they’re positioned for a significant surge.
Quant (QNT) Shows Signs of Strength Amid Increased Trader Activity
Quant (QNT) has seen a surge in trader activity, with the token ranked as the 70th largest cryptocurrency in the global market. Despite its recent underperformance compared to other top crypto assets over the past year, Quant (QNT) has displayed solid buying momentum, pushing its price to higher levels.
At the time of writing, Quant (QNT)’s price was at $70.75, marking a significant improvement. This price movement was fueled by strong intraday volume, which surpassed $60 million, indicating increased interest from traders. Over the past 24 hours, Quant (QNT)’s traded volume rose by over 100%, underscoring the heightened demand for the token.
The market cap of Quant (QNT) stands at $854.252 million, with a market cap dominance of 0.04%. While Quant (QNT)’s price volatility remains moderate at 4.51%, its performance suggests a stable trajectory that could lead to further price advances. The fear and greed index, currently at 26, reflects caution among investors, but the token continues to rise, signaling a potential shift in market sentiment.
On-Chain Data Supports a Positive Outlook for Quant
On-chain data for Quant (QNT) reveals some promising developments. Over the past week, there has been a significant increase in centralized and decentralized exchange activity, indicating that more money is flowing into the ecosystem. This influx of capital suggests that investors are betting on Quant (QNT)’s long-term potential.
Additionally, Quant (QNT) boasts a total of 150.3 million holders, with the top 10 holders controlling 28.71% of the total supply. This concentrated ownership is typical of tokens with strong institutional backing, which often leads to price stability and long-term growth.
Quant (QNT)’s price correlation with Bitcoin (BTC) stands at 0.94, indicating that while it often follows BTC’s price trends, it has the potential to break out independently when market conditions are favorable. In the past week alone, Quant (QNT) recorded $1.52 million in inflows, further underscoring the growing interest in the token.
Quant’s Technical Indicators Suggest a Breakout Is Imminent
Technically speaking, Quant (QNT) appears poised for a bullish breakout. The token recently broke out of a falling wedge pattern on the daily chart, a pattern that typically signals the end of a downtrend and the beginning of a rally. The breakout was accompanied by a surge in volume, confirming the reliability of the price movement.
The Relative Strength Index (RSI), a key momentum indicator, has surged to 60.5, indicating increasing bullish momentum. This was further supported by a bullish crossover in the MACD (Moving Average Convergence Divergence) and signal line, suggesting that Quant (QNT) may be gearing up for a strong upward move.
Quant (QNT) is expected to face resistance at $81.0 and $116.0, with support levels around $40.0 and $57.0. If the token can break through these resistance levels, analysts predict a 150% rally as market conditions improve.
Mpeppe (MPEPE): The Emerging Star of The Scene
While Quant (QNT) enjoys institutional backing and strong technical fundamentals, Mpeppe (MPEPE) is gaining attention for its unique position in the meme coin and casino space. As a newer token, Mpeppe (MPEPE) has already attracted a significant following thanks to its innovative approach to blockchain-based gambling. With its low entry price and potential for massive returns, Mpeppe (MPEPE) is quickly becoming a favorite among retail investors.
Mpeppe (MPEPE)’s appeal lies in its ability to offer high-reward opportunities in a decentralized ecosystem. The token has gained traction due to its casino-themed platform, which allows users to participate in various games while earning rewards. With the gaming industry expanding rapidly, Mpeppe (MPEPE) stands to benefit from this growth, making it a prime candidate for investors seeking early-stage opportunities with explosive potential.
Despite the bearish market, Mpeppe (MPEPE) has held its ground and is positioned to capitalize on a market rebound. Analysts believe that once the market turns bullish, Mpeppe (MPEPE) could see its value skyrocket alongside other meme coins, particularly as more investors flock to its platform.
What’s Next for Quant and Mpeppe?
As the cryptocurrency market remains unpredictable, both Quant (QNT) and Mpeppe (MPEPE) are positioned to thrive once conditions improve. For Quant, its technical strength and growing institutional interest suggest that it could see a significant price surge, particularly if it can break through key resistance levels. With strong on-chain data and increasing whale activity, Quant is poised for a potential 150% rally in the near future.
Meanwhile, Mpeppe (MPEPE)’s unique position in the meme coin and casino space makes it a standout option for investors looking for high-reward opportunities. As the token continues to gain momentum, it could become a top performer in the next market cycle.
Conclusion: The Future Looks Bright for Quant and Mpeppe
In a market filled with uncertainty, Quant (QNT) and Mpeppe (MPEPE) are two tokens that offer promising prospects. Quant’s strong technical indicators and institutional support make it a solid investment for those looking for long-term growth, while Mpeppe’s innovative platform offers the potential for massive gains once the market turns around.
For investors looking to capitalize on the next big rally, both Quant and Mpeppe (MPEPE) present exciting opportunities that shouldn’t be overlooked.
For more information on the Mpeppe (MPEPE) Presale:
Visit Mpeppe (MPEPE)
Join and become a community member:
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.
“Crypto Dad” Chris Giancarlo Emerges Top For White House Crypto Czar Role
Dogecoin Code Appears In CyberTruck And Model 3 Website, Will Tesla Accept DOGE Payments For Cars Soon?
GOAT Price Sees Slower Growth After Reaching $1B Market Cap
Ripple (XRP) Price Hits 109% Monthly Gain as Indicators Weaken
Ethereum Sees Neutral Netflow On Binance: What Does This Signal?
Trump Media Files Trademark for Crypto Platform TruthFi
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
-
Market21 hours agoThis is Why MoonPay Shattered Solana Transaction Records
-
Ethereum18 hours agoFundraising platform JustGiving accepts over 60 cryptocurrencies including Bitcoin, Ethereum
-
Market23 hours agoDogecoin (DOGE) Price Momentum Weakens Despite Rally
-
Altcoin23 hours agoCrypto Analyst Says Dogecoin Price Has Entered Parabolic Surge To $23.36. Here Are The Reasons Why
-
Market22 hours agoSteady Climb Toward New Highs
-
Market15 hours agoSouth Korea Unveils North Korea’s Role in Upbit Hack
-
Market19 hours agoCardano’s Hoskinson Wants Brian Armstrong for US Crypto-Czar
-
Altcoin21 hours agoBTC Reaches $97K, Altcoins Gains
✓ Share: