Altcoin
Global Domination: Cardano (ADA) Whales Swim To Crypto’s Fastest Growing Meme Coin After Another Week of 12% Losses
Cardano (ADA), once hailed as a potential game-changer in the blockchain space, is facing significant challenges despite its recent technical upgrades. The latest Chang-Upgrade, designed to push Cardano (ADA) further towards decentralization, has been successfully implemented. However, the market’s reaction has been less than enthusiastic, with ADA suffering another 12% drop over the past week. As uncertainty looms over Cardano (ADA)’s future, a growing number of ADA investors are shifting their focus to Mpeppe (MPEPE), the rapidly rising meme coin that’s capturing the crypto community’s attention.
Cardano (ADA)’s Struggle Despite Chang-Upgrade Success
Cardano (ADA)’s founder, Charles Hoskinson, has long envisioned a fully decentralized blockchain, and the Chang-Upgrade is a critical step in that direction. This upgrade introduces new governance structures aimed at making the Cardano (ADA) network more resilient and community-driven. The upgrade also marks the beginning of Cardano (ADA)’s “Bootstrap Phase,” where decisions will increasingly be made by the community rather than a central authority.
Despite these advancements, Cardano (ADA)’s market performance tells a different story. ADA has fallen out of the top 10 cryptocurrencies by market capitalization, now sitting at the 11th spot. This decline has raised alarms, especially when considering the warnings from experts like Bitcoin evangelist Adam Back, who predicts that ADA could see a 90% drop in value. Back’s concerns stem from what he perceives as a lack of substantial market impact from Cardano (ADA)’s numerous announcements and upgrades.
The Rise of Mpeppe: A Beacon of Hope for Disillusioned ADA Investors
In the face of these challenges, many Cardano (ADA) whales—large holders of ADA—are looking for safer and potentially more profitable havens for their investments. Enter Mpeppe (MPEPE), a meme coin that has quickly become the talk of the crypto world. Unlike traditional cryptocurrencies that rely heavily on technical upgrades and institutional backing, Mpeppe (MPEPE) has leveraged the power of community engagement and decentralized finance (DeFi) innovation to carve out its niche in the market.
Mpeppe (MPEPE)’s rapid rise is not just fueled by hype; it’s built on a robust ecosystem centered around a decentralized gaming and casino platform. This platform allows users to participate in various games and earn rewards, making it an attractive proposition for investors looking for both fun and profit. The recent presale success of Mpeppe (MPEPE) has only added to its allure, with analysts predicting that the coin could see exponential growth in the coming months.
Why Mpeppe is Gaining Traction
For ADA holders, the switch to Mpeppe (MPEPE) is more than just a reaction to Cardano (ADA)’s declining price—it’s a strategic move to diversify and tap into a growing sector of the crypto market. Mpeppe (MPEPE)’s appeal lies in its ability to combine the viral nature of meme coins with the utility of DeFi platforms. This unique combination positions Mpeppe (MPEPE) as not just another meme coin, but as a serious contender in the crypto space with real-world applications.
The community-driven nature of Mpeppe (MPEPE) also resonates with investors who are wary of the top-down approach seen in other projects. Mpeppe (MPEPE)’s developers have ensured that the coin’s growth is aligned with the interests of its holders, offering various incentives such as staking rewards and a transparent roadmap for future developments.
Cardano (ADA) at a Crossroads: What’s Next for ADA?
As Cardano (ADA) continues to navigate through its Bootstrap Phase, the next few months will be crucial in determining its long-term viability. The successful implementation of the Chang-Upgrade is undoubtedly a positive development, but it remains to be seen whether it will translate into tangible market benefits. The risk of a 90% drop, as predicted by some experts, cannot be ignored, especially if Cardano (ADA) fails to regain its position in the top 10 cryptocurrencies.
For now, Cardano (ADA)’s future hangs in the balance. The growing interest in Mpeppe (MPEPE) highlights the shifting sentiment among investors who are increasingly looking for alternative opportunities in the crypto space. While Cardano (ADA)’s journey towards decentralization is commendable, it may not be enough to stave off the looming threat of further price declines.
Conclusion: A Shift in the Crypto Landscape
The transition of Cardano (ADA) whales to Mpeppe (MPEPE) underscores a broader trend in the crypto market—investors are prioritizing projects that offer immediate utility and community engagement over long-term promises. Mpeppe (MPEPE), with its blend of meme culture and DeFi innovation, is well-positioned to capitalize on this shift.
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Crypto analyst Egrag Crypto has provided a bullish outlook for the XRP price, predicting it could reach double digits in this market cycle. The analyst also revealed when exactly the cycle peak for XRP in this bull run could occur.
Analyst Predicts XRP Price To Reach Double Digits By July 21
In an X post, Egrag Crypto predicted that the XRP price will reach double digits by July 21, which he believes would mark the cycle peak for the altcoin. The analyst stated that so far, Ripple’s native crypto looks on track to reach its cycle peak by July.
He added that if the 110-day offset still holds, then the cycle peak could extend to November 9, 2025. The analyst also explained that it took some time for the 21 weekly EMA to catch up with the price action.
However, once it finally touched the 21 weekly EMA, XRP took 147 days to complete the last leg of the cycle, lasting 21 days until it hit the cycle peak. As such, Egrag Crypto is confident that July 21 could mark the peak for the altcoin.
His prediction of double digits price for XRP came following a question on what the altcoin’s price could be around this July 21 peak. Egrag Crypto simply answered, “double digits,” indicating it could rally to $10 or above. Interestingly, the analyst recently predicted that Ripple’s could rally to $27 in 60 days, which aligns with XRP reaching double digits by July.
In another post, Egrag Crypto also gave a short-term XRP price analysis. He stated that a close above $2.24 is the first sign of strength. Furthermore, a close above $2.30 and $2.47 are the second and third sign of strength. The analyst added that a close above $2.70 is the strongest signal for a potential breaout and new all-time high (ATH), with the potential target the $5 range.
Ripple’s Native Crypto Could Soon Witness Wave 3 Impulsive Move
In an X post, crypto analyst CasiTrades raised the possibility of the XRP price witnessing a Wave 3 impulsive move soon enough. She noted that the altcoin is showing strength today after reclaiming the 0.786 retracement at $2.05, a key level which it needs to flip to support.
The analyst has previously predicted that XRP could drop to as low as $1.90 before it rallies to new highs. In her recent analysis, she stated that the next major test is $2.24, where local subwaves and the macro structure are aligning. The analyst added that this price level is the 0.382 retracement of the most recent move down and the 1.618 extension on the subwaves.
From a structure standpoint, CasiTrades stated that XRP is now seeing the smaller subwaves beginning to align with the larger Elliot Wave count. She remarked that this is a strong sign that the bottom could be in and that the altcoin is building the foundation for macro Wave 3 up.
The analyst warned that failure at $2.24 could stall the XRP price but a new low seems unlikely. Meanwhile, the next resistance levels after are $2.70, $3.05 and then the current ATH of $3.80.
CasiTrades reminded market participants that XRP is now officially inside the Fibonacci Time Zone 3, which was set months ago. She remarked that this period is when the market should shift from consolidation into acceleration. The analyst asserted that if the altcoin wants to launch into its macro breakout, now is the time. Factors such as Coinbase’s move to launch XRP futures could spark this breakout.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. 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, a traveler 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.
Critics are taking swipes at Pi Network and the PiCoreTeam after PiDaoSwap raised concerns over lengthy delays for Know Your Business (KYB) approvals. The delays have forced the hand of PiDaoSwap to roll out non-fungible tokens (NFTs) on Binance Chain as a short-term solution.
Pi Network Faces Criticism for KYB Delays
Decentralized exchange PiDaoSwap has expressed worry over the prolonged delays of the KYB review process on Pi Network. According to a statement on X, PiDaoSwap submitted a KYB application, but 15 days later, the PiCoreTeam (PCT) has yet to issue an approval.
To build on the Pi Network, projects will need to submit a KYB application to pass the PCT’s due diligence process. An approval will give projects access to developer support, funding, and other ancillary perks for building in the Pi ecosystem.
However, after over two weeks, PiDaoSwap describes the wait as an “agonizing” one. Per the statement, PiDaoSwap is unable to start full development on the Pi mainnet because of the delay.
Following the delay, PiDaoSwap says it will launch NFTs on Binance Smart Chain (BSC) while it waits for approval. Binance continues to exclude Pi Network in its Vote To List initiative as it focuses on BSC projects.
“We have chosen to launch community NFTs on BSC as an interim solution rather than continuing to wait idly,” said PiDaoSwap. “Only after KYB approval can we proceed with in-depth development and ecosystem building on the Pi mainnet.”
PiCoreTeam Catching Backlash In Recent Weeks
Thought leaders in the Pi ecosystem have been vocal in their criticism of the PCT. Dr Altcoin, an active member of the ecosystem, took swipes at the PCT over the KYB approval delays. He argues that PiDaoSwap is not an isolated incident, adding that several centralized exchanges are waiting for KYB approvals.
“This is one example of a clear failure by the PCT,” said Dr Altcoin. “I also know some CEXs are on the waiting list for KYB approval.”
Furthermore, Dr Altcoin theorizes that Bybit not listing Pi Network is the fault of the PiCoreTeam. Dr Altcoin disclosed that the delays in centralized exchanges result from a lack of transparency by the PCT for token locking and burning mechanisms.
Pi Coin price has fallen by 15% over the last day to settle at $0.55, dousing optimism for a move to clinch $1. As investors scan the horizon for a correction, a listing by a top exchange and a string of ecosystem partnerships by the PCT can send prices to new highs. Despite the criticisms, the PCT is proceeding with its domain auction, receiving over 200,000 bids in the latest update.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
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 Prices Today (April 4): The broader market sentiment remains uncertain this Friday as Bitcoin (BTC) price held around the previous day’s levels, at $83K. Moving on to other metrics, the global cryptocurrency market cap jumped slightly by 0.20% to $2.6 trillion. The fear and greed index stood at 25, signaling a cautious sentiment in the market at the moment.
Major league altcoins like Ethereum (ETH) and Solana (SOL) also retained a trading session near the previous day’s levels in the interim. However, Cosmos (ATOM) and Filecoin (FIL) surfaced as the day’s top gainers by defying the broader trends.
Crypto Prices Today: BTC At $83K, Altcoins Resilient
Despite the broader market turmoil caused by Donald Trump’s announcement of reciprocal tariffs, crypto prices today have showcased resilience by preventing major downturns. After slipping to as low as the $81K mark, BTC price regained a hold above $84K today. ETH also faced heightened turbulence, although it maintained a hold above $1,800.
Conversely, ATOM and FIL tokens have defied the broader market trend to secure a spot among the day’s top gainers.
BTC Price Sits At $84K
At the time of reporting, the flagship crypto’s price chart indicated a roughly 1% increase in value and closed in at $84,211. Its market dominance was up by 0.09% intraday, reaching 62.01%. Notably, BTC has outperformed major league altcoins, as indicated by its market dominance.
Coinglass data further signaled rising market interest in the asset. Bitcoin futures OI jumped roughly 4% over the past day, reaching $54.61 billion.
Nevertheless, traders and investors reflect an uncertain stance over future price prospects as Trump’s tariffs have rattled broader markets globally. CoinGape previously reported that BTC is expected to mimic stock market actions amid global trade war tensions.
All eyes are now set on the next U.S. Fed meeting, as it could pave the way for a market sentiment shift.
ETH Price At $1,800
ETH price traded at $1,820 after recovering from $1,751 over the past day. The second-largest crypto by market cap boasted an evaluation of $220.35 billion.
Ethereum’s futures OI shot up by 3.5% to reach $20.68 billion, per the latest Coinglass data. This statistic indicated that the coin’s derivatives market is seeing heightened activity. Another buzzworthy update for Ethereum is that the Pectra upgrade is set to go live on May 7 next month.
XRP Price Jumps 2% & Defies Crypto Market Trend
Ripple’s coin XRP managed to gain over 2% despite the broader crypto market turmoil to reach $2.08. Its 24-hour bottom and peak were recorded as $1.97 and $2.10, respectively.
The latest buzz within the Ripple community remains Coinbase’s XRP futures listing. Notably, CoinGape reported that the crypto exchange behemoth filed an application with the CFTC for this listing.
On the other hand, the U.S. SEC’s recent closed-door meeting solidified the chances of an imminent settlement of the Ripple lawsuit.
SOL Price Today
Solana price hovered around the previous day’s levels and is trading at $119.27. Its 24-hour low and high were registered as $112.48 and $119.13 in the past 24 hours.
Intriguingly, Coinglass data revealed a 3% surge in Solana’s futures OI to $4.84 billion, underscoring burgeoning trading activity in the derivatives market. Solana’s market cap jumped nearly 1% from yesterday to $61.44 billion.
Recently, the U.S. SEC made a favorable approach toward crypto by acknowledging Fidelity’s SOL ETF filing.
Let’s take a look at the market’s leading gainers for the day.
Crypto Prices Today: Top Gainer
Cosmos (ATOM)
Price: $4.83
24-Hour Gains: +9%
ATOM’s price surged alongside a new trade offering unveiled by eToro recently. The social investing platform launched staking options for the crypto, paving the way for investor interaction with assets.
Filecoin (FIL)
Price: $2.95
24-Hour Gains: +8%
FIL price soars against the backdrop of its recent listing on S. Korean crypto exchange Upbit.
Pendle (PENDLE)
Price: $3.14
24-Hour Gains: +8%
PENDLE price soars alongside heightened whale accumulations, as reported by CoinGape recently.
Crypto Prices Today: Top Loser
Pi Network (PI)
Price: $0.5477
24-Hour Loss: -13%
Berachain (BERA)
Price: $5.81
24-Hour Loss: -10%
Toncoin (TON)
Price: $3.52
24-Hour Loss: -7%
Overall, the broader market sentiment remains uncertain amid macroeconomic heat. Crypto market traders and investors eagerly await major price action shifts.
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.
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