Altcoin
Helium: Crypto Bulls Pump HNT and Mpeppe Casino During Bitcoin’s BTC Downturn
In the midst of Bitcoin’s market downturn and altcoin turbulence, savvy investors are pivoting their attention towards emerging projects like Helium (HNT) and Mpeppe (MPEPE). Both of these cryptocurrencies have shown strong resilience, with whales taking significant positions in each. Helium’s recent ecosystem growth has made it a standout performer, while Mpeppe’s expansion into the mobile gaming space is setting the stage for rapid adoption in the coming months.
Helium’s (HNT) Rise Amid a Challenging Market
While most cryptocurrencies have faced losses in the recent market downturn, Helium (HNT) has defied the trend. Over the past week, HNT surged by 26.3%, buoyed by the growth of its decentralized wireless infrastructure. Helium’s focus on the Internet of Things (IoT) has made it a critical player in this niche, and its recent successes are reflected in its price.
Helium Mobile, which operates on the Helium (HNT) network, has experienced explosive growth. The mobile network’s subscriber base recently surpassed 112,000 users, a substantial increase from just two months ago. This sharp rise in users has directly contributed to HNT’s price surge, pushing the token from $6.71 to $8.50 within the past week. In addition, Helium’s hotspot infrastructure, which powers its decentralized network, has seen global expansion, with over 18,000 active hotspots.
This ecosystem growth signals increasing adoption and utility, reinforcing HNT’s position as a leader in the decentralized wireless space. The surge in users and infrastructure growth provides a strong foundation for Helium (HNT) to continue its upward trajectory, especially in sectors like IoT.
Mpeppe Casino: A Rising Star in the Crypto Space
While Helium (HNT)’s growth is impressive, Mpeppe (MPEPE) has been rapidly gaining traction in a different sector—GambleFi and mobile gaming. As HNT whales begin to diversify their portfolios, Mpeppe is emerging as a key investment due to its ongoing presale success and upcoming utility in the mobile gaming arena.
Currently in Stage 4 of its presale, Mpeppe (MPEPE) has sold 67.50% of its available tokens, raising over $1.96 million so far. With its price currently set at $0.0021 USDT, Mpeppe’s low entry point and substantial growth potential have attracted the attention of both retail and institutional investors. The next price hike to $0.00235 USDT is expected soon, fueling a sense of urgency for investors to secure their positions.
What makes Mpeppe (MPEPE) especially appealing is its upcoming integration with mobile gaming platforms, adding significant utility to its already strong appeal as a meme coin. This move into mobile gaming is expected to drive user adoption and provide another revenue stream, making it more than just a speculative asset.
Why HNT Whales Are Turning to Mpeppe
Whales from the Helium (HNT) ecosystem are taking notice of Mpeppe’s potential, particularly as they seek to hedge their bets in a volatile market. While Helium (HNT) provides a solid foundation with its IoT and decentralized wireless infrastructure, Mpeppe offers exposure to the rapidly expanding mobile gaming and GambleFi markets.
The combination of HNT’s real-world use case in decentralized networks and Mpeppe’s entry into the highly lucrative mobile gaming sector creates a powerful portfolio for whales looking to capitalize on the next wave of crypto innovation. Mpeppe’s community-driven approach, coupled with its focus on integrating with online platforms, positions it as a strong contender in the GambleFi space.
What’s Next for Helium and Mpeppe?
The future looks bright for both HNT and Mpeppe (MPEPE). Helium’s ongoing growth in its subscriber base and infrastructure expansion suggests that HNT will continue to see price increases, especially as more users adopt its decentralized wireless solutions. Helium (HNT) is positioning itself as a dominant player in the IoT space, and this momentum is expected to drive further adoption.
On the other hand, Mpeppe’s potential lies in its upcoming utility in mobile gaming. As the project continues to expand and integrate into the GambleFi ecosystem, MPEPE is poised for significant gains. Investors are closely watching its presale stages, knowing that early adopters stand to benefit from the project’s success.
In conclusion, both Helium (HNT) and Mpeppe (MPEPE) offer unique opportunities for growth in the current crypto market. HNT’s focus on IoT and decentralized infrastructure, combined with Mpeppe’s expansion into mobile gaming, provides investors with exposure to two of the most promising sectors in the blockchain space. As whales begin to take positions in both projects, it’s clear that these tokens are set to make waves in the coming months.
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The recent XRP price glitch on live American TV has created ripples in the crypto community. In an episode of “American Sunrise Early Edition” on Real America’s Voice, the value of XRP soared to a staggering $21,355, marking a 961,936% uptick from its actual price at the moment.
Notably, other cryptocurrencies like Bitcoin, Ethereum, Solana, Dogecoin, and Cardano also saw variations in their prices during the live TV program. Though the host, Jake Novak, addressed Bitcoin’s price anomaly, he overlooked the XRP glitch.
XRP Price Glitch on Live American TV: Key Details
During an episode of American Sunrise Early Edition on Real America’s Voice, the show displayed incorrect prices for major cryptocurrencies, including Bitcoin and XRP, with the values being significantly different from their actual market prices. For instance, the XRP price was displayed as $21,355, up by more than 961,936% from its actual market value of $2.1.
Throughout the market outlook segment, the XRP price glitch remained on the screen, fluctuating between $2.22 and $21,355. The community largely responded to the incident, drawing the team’s attention to the error.
This incident follows the increasing anticipations of the Ripple lawsuit settlement, driven by the SEC’s recent progressive stance.
XRP’s Repeated Price Glitch
As highlighted by the community members, it’s not the first time that XRP has experienced a price glitch. Historically, the token has seen dramatic price variations due to system errors.
In June 2024, XRP was shown on TradingView at $9,864, a point much higher than its original value. A glitch on Binance presented XRP at $5,791 due to data feed issues in October. In a similar incident, XRP’s value was incorrectly displayed on CoinMarketCap in November 2023, with the platform showing it at $1,919, a significant deviation from its actual market value.
Host Addresses Bitcoin Price Anomaly, Overlooks XRP
Notably, the technical issue on the American live TV has resulted in incorrect price displays for not just XRP, but several other cryptocurrencies. The episode presented Bitcoin’s price at $43,636, marking a significant drop of around 50% from the original value.
Meanwhile, Ethereum (ETH) rose to $6,000, a 156% surge and Solana (SOL) increased to $2,896, up by 1,983%. Dogecoin (DOGE) skyrocketed to $32, a 15,900% increase from $0.22, and Cardano (ADA) increased to $69, a 10,198% rise from $0.67.
Addressing the issue, the show’s host, Jake Novak, stated that the “graph had gone a little funky.” However, he only addressed the Bitcoin price glitch, overlooking the issues with other cryptocurrency values, including XRP.
How XRP Reacts To the Incident?
As of press time, XRP is valued at $2.10, with a notable decline of 5.5% over the past 24 hours. On a weekly and monthly basis, the token has experienced massive dips of 12.9% and 7.3%, respectively.
Despite the prevailing negative trend, the XRP price is facing a positives sentiment within the community. This is significantly evident in the 14.5% surge in the trading volume, currently at $4.18 billion.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
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 price Chainlink (LINK) has reversed its earlier growth trends after the broader market nosedived in mid-day trading. The current breakdown has triggered a new worry among investors for a coin that had the prospect of reclaiming its spot among the top 10 largest digital currencies.
The LINK price has fallen to $14.1, down 9.12% in the past 24 hours. This latest selloff has also raised the question of where the LINK floor is triggered.
Bitcoin Price and Bollinger Bands Insight
The Chainlink drawdown is steep and depends on the Bitcoin price selloff triggered by today’s US Core PCE figures. LINK has recorded more selloffs than most altcoins in the top 20 based on a percent decline over 24 hours.
LINK has fared much better on longer timeframes, as the token is still up by 1% in the past 7 days. The token’s Year-to-Date (YTD) growth is 34.76%, making analysts wonder if more selloff is inbound.
The LINK/USDT 4H Chart offers insight into the Chainlink price outlook. The current price is trading at the lower Bollinger Bands, $14.04. The deviation from the upper bands is a sign of intense volatility, which may or may not go well for the token.
Over the past 30 days, the LINK price has not dropped below $13, which is now classified as the next support level to watch.
LINK and Dependence on the General Market
The broader market is divided on what is next for Chainlink. The Oracle service provider remains one of various institutional clients’ most used blockchain protocols.
This means that the adoption of its services depends on the market or external factors.
Besides this, the price action of Bitcoin and other altcoins is also a major determinant of its potential rebound. At the time of writing, the price of BTC has dropped to a new weekly low of $83,872.69, down by 3.77% in 24 hours. With the bearish outlook, Peter Brandt said Bitcoin price crashing to $70,000 is not impossible.
With Chainlink’s dependence on Bitcoin, the altcoin may maintain its current outlook until the top coin prints a new rally.
Major LINK Price Catalyst to Watch
Per an earlier CoinGape report, Chainlink inked a deal with the Abu Dhabi Global Market (ADGM). This LINK partnership with ADGM will support the development of compliant frameworks for tokenized assets, expand blockchain adoption, and promote regulatory dialogue within the UAE and globally.
In an earlier LINK price analysis, projections were made that this partnership may push the token’s price to a high of $44. For now, the protocol’s price action signals caution overall.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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 Ethereum price has been in a sharp decline in the past months, underperforming compared to Bitcoin (BTC) and Solana (SOL). Despite its unwillingness to experience a significant price increase, a crypto analyst has revealed his bullishness for ETH, predicting a potential recovery to $4,000 before the end of the bull cycle.
Ethereum Price Projected To Reach $4,000
Crypto analyst Astronomer has announced his bullishness on the Ethereum price outlook, predicting a potential rally to $4,000. In a rather lengthy post on X (formerly Twitter), the analyst highlights several technical signals that suggest ETH could soon revisit this key price target.
Notably, the ETH price is positioned at a clear support zone between the $1,700 and $1,900 range. Historically, this range has acted as a launch pad for recoveries, with previous declines to this area triggering a strong price surge.
While Ethereum has underperformed against Solana during this bull market, it has still doubled since its 2022 low, which is a better outcome than most altcoins. Further highlighting his bullish stance on ETH, Astronomer revealed that he had swapped BTC for ETH, holding a strong conviction that the latter will eventually outperform the former by the end of the cycle.
Based on the analyst’s chart, ETH is currently trading within a long-term macro price range between $1,700 and $4,500. The cryptocurrency recently retested the bottom of this range, which historically led to a bounce back toward a price high above $4,000.
Astronomer also notes that Bitcoin has already set its weekly low, meaning that Ethereum’s price movements could soon align with the pioneer cryptocurrency’s recovery. If ETH can reclaim the $2,100 level, the analyst predicts a rapid move toward $4,000 in a few months.
With the next Federal Reserve monetary policy scheduled for mid-April, the market may see renewed bullish momentum that could benefit Ethereum’s price trajectory. Another major development that supports the analyst’s bullish projection for Ethereum is its performance in March 2024. At the time, the altcoin swept a previous price high but didn’t sustain a breakout, leading to a prolonged correction.
However, Astronomer suggested that this price trend insists on revisiting $4,000, particularly after Ethereum hits a range low. The analyst notes that ETH is now at this critical low, which could indicate that the bottom is in, signaling a potential move to new highs.
ETH Market Sentiment Hits Rock Bottom
While sharing his bullish forecast for ETH’s price during this bull cycle, Astronomer also revealed that Ethereum is facing a heavy bearish sentiment due to its prolonged underperformance. According to the analyst, Ethereum’s current market sentiment is worse than Bitcoin’s, with negative narratives dominating discussions across the crypto community.
Some claim that ETH lacks a proper use case, while others suggest that the Ethereum Foundation may be selling. Despite this, Historical data shows that when ETH hit similar low levels in late 2017 and 2021, the cryptocurrency experienced a subsequent rally to new ATHs. The latest sentiment score shows Ethereum has hit rock bottom at 14, signaling extreme fear and uncertainty, which often precedes major price rebounds.
Featured image from Adobe Stock, chart from Tradingview.com
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