Altcoin
ICP Holders Use Their Explosive Profits On ICO Gambling Coin Set To Skyrocket 150%
In the fast-paced world of cryptocurrency, seasoned investors are always on the lookout for new opportunities to reinvest their profits for massive returns. Recently, Internet Computer (ICP) has been a favorite among crypto enthusiasts, delivering double-digit gains and outperforming the broader market trends. With a significant surge in ICP’s value, many holders are now diverting their profits into new promising ventures, such as the gambling ICO coin, Mpeppe (MPEPE).
Internet Computer’s (ICP) Bullish Surge
Internet Computer (ICP) has recently captured the attention of the crypto world with its impressive price rally, defying the general market cooldown. Internet Computer (ICP) broke above a descending trendline that had held since mid-April, gaining over 14% in a single day and reaching a trading price of around $8.50. Despite the broader market correction, Internet Computer (ICP) has managed to rise by 11%, marking a notable achievement in September.
Key technical indicators like the Relative Strength Index (RSI) and On-Balance Volume (OBV) suggest that this bullish momentum could continue in the near term. Additionally, ICP’s open interest in futures markets has seen a substantial rise from $35.87 million to $47.21 million, indicating growing interest and new money entering the ecosystem.
According to on-chain data, ICP’s burn rate has also increased, reducing its circulating supply and adding more bullish pressure to its price action. This, coupled with high trading volumes and positive technical analysis, has analysts predicting ICP could reach as high as $25 in the short term, with some even suggesting a long-term target of $79.57—a whopping 777% increase from current levels.
Mpeppe (MPEPE): The Next Big Thing
With Internet Computer (ICP) holders riding the wave of its price surge, many are now looking at Mpeppe (MPEPE) as their next big investment. Mpeppe (MPEPE), a gambling ICO token, is currently in its presale phase and has already attracted significant attention due to its potential to skyrocket by 150%. The project’s innovative approach to decentralized gambling, along with its viral meme coin appeal, has made it one of the most talked-about tokens in the market.
Priced at $0.0021, Mpeppe (MPEPE) is nearing the completion of its Stage 4 presale, with over 80% of tokens already sold. Early investors are betting on Mpeppe (MPEPE)’s potential to replicate the success of meme coins like Shiba Inu (SHIB) or Dogecoin (DOGE), expecting explosive returns once the coin is fully listed on exchanges.
Why ICP Investors Are Betting on Mpeppe
- Reinvestment of Profits: Internet Computer (ICP) holders have seen substantial gains over the past few weeks, and with the bullish momentum expected to continue, many are looking to reinvest their profits into, high-reward ventures like Mpeppe (MPEPE). The gambling coin’s promising presale performance and strong community backing make it an appealing choice for those looking to maximize their returns.
- Market Sentiment: Internet Computer (ICP)’s recent surge has bolstered market confidence in decentralized projects that offer real utility. Similarly, Mpeppe (MPEPE) taps into the decentralized gambling space, which is gaining traction among crypto investors. As more users seek entertainment and profit opportunities in the decentralized world, gambling tokens like Mpeppe (MPEPE) are well-positioned for success.
- Potential for Explosive Growth: With Internet Computer (ICP) already proving its resilience in the market, many investors see Mpeppe (MPEPE) as the next logical step for substantial returns. The token is currently at an attractive price point, offering early investors a chance to ride the wave of growth expected once it hits the broader market. Analysts predict Mpeppe (MPEPE) could soar 150% or more, driven by strong demand and growing interest in the decentralized gambling sector.
The Future of ICP and Mpeppe
The crypto market remains highly volatile, and while Internet Computer (ICP) has proven itself as a resilient and innovative player, it’s clear that many investors are also keen on diversifying their portfolios with high-potential meme coins like Mpeppe (MPEPE). With Internet Computer (ICP) breaking above its $8.50 resistance and Mpeppe (MPEPE) nearing the completion of its presale, both tokens are positioned for continued growth in the final quarter of 2024.
Investors who have already profited from ICP’s bullish run are now doubling down on Mpeppe (MPEPE), hoping to capitalize on its 150% projected growth. As the gambling coin nears its launch, it will be interesting to see how both tokens perform in the increasingly competitive crypto market.
Conclusion
For those who have benefited from the recent surge in Internet Computer (ICP), reinvesting in promising new tokens like Mpeppe (MPEPE) offers a chance to ride the next wave of explosive growth. With ICP’s strong technical performance and Mpeppe (MPEPE)’s potential for substantial returns, 2024 could prove to be a transformative year for investors in both tokens.
As always, it’s essential to conduct thorough research and consider market conditions when investing in cryptocurrencies. While the potential for gains is significant, the volatility of the market means that caution should always be exercised. However, with Internet Computer (ICP) and Mpeppe (MPEPE) showing strong momentum, these two tokens are undoubtedly ones to watch in the coming months.
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While investors are scanning the horizon for a short-term Solana (SOL) rally, cryptocurrency expert CryptoCurb is predicting an ultra-bullish price movement. CryptoCurb argues that a Solana price of $2,000 is “absolutely realistic” given the current fundamentals and on-chain indicators.
Solana Price To $2,000 Is A Realistic Projection
Pseudonymous cryptocurrency analyst CryptoCurb is predicting a massive growth spurt for Solana in the near future. In an X post, the expert says the Solana price can achieve a valuation of $2,000 given its impressive network metrics.
He hinges his projection on several factors, including Ethereum’s previous price performance. Ethereum price spiked to a $600 billion market capitalization during the last cycle with its steep fees and scalability issues.
A $2K SOL price will translate to a $1 trillion market capitalization that will see it flip Ethereum as the largest altcoin. CryptoCurb notes that if Ethereum can post impressive figures during the last cycle, Solana has the capabilities to be valued at $2,000.
“2K is absolutely realistic if Solana keeps its global adoption pace with minimal disruptions and continues to scale,” said CryptoCurb.
Rising network inflows are expected to send the Solana price on a short-term rally to $150 before a big push to $2K. Currently, the Solana price is pegged at $140 with a market capitalization of $72.6 billion, making CryptoCurb’s prediction an uphill climb.
A Wave Of Impressive Metrics Around SOL
While CryptoCurb did not disclose an exact timeline for his $2,000 prediction, he points to a short-term seismic price increase. The expert his backing his predictions with a swathe of network metrics pointing to fresh bullishness.
Solana has the highest number of active addresses over the last seven days at 28.4 million. The network led the pack for transactions at 369 million, trouncing Tron, BNB Chain, Base, and Bitcoin.
Solana is finding application in several Web 3 verticals given its speed, low cost, and scalability. In the last week, the Solana price has risen by nearly 7% while 24-hour trade volume has risen by 36%.
Last week, Canada launched the first SOL ETF with prices projected to surpass $250, reversing a forming death cross. Solana open interest crossed 5.5 billion, climbing by 10% amid rising whale activity in the ecosystem.
Rising bullish metrics for the network suggest that SOL will reach $200 before ETH reclaims $3,000.
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 expert PiMigrate recently predicted that the Pi Network price could reach a new all-time high (ATH) of $5. This comes amid recent whale movements, with these investors moving 41 million Pi Coins off exchanges.
Expert Predicts Pi Network To Reach $5
In an X post, PiMigrate stated that Pi Network’s journey to $5 has just begun. He remarked that the altcoin has very strong support at $0.6. As such, the expert believes that this $5 price target is a “very possible valuation.” PiMigrate added that good utilities will push the altcoin to this target.
Another expert, Moon Jeff, also predicted that the Pi Coin price can reach this $5 target. In an X post, the expert concluded that the altcoin can reach this price target following his analysis.
He alluded to his accompanying chart, which he described as being bullish, indicating that the Pi Network price can indeed reach this $5 target. The chart also showed that the altcoin has formed a strong support level at its current price.
Crypto analyst Xia also recently claimed that the Pi Coin’s momentum is building fast after it surged past the $0.63 mark with strong volume. She also noted that the RSI and MACD are turning bullish for the altcoin.
This bullish outlook for the Pi Coin comes amid recent huge whale accumulation. A Pi community page revealed that these investors moved a whopping 41 million coins (around $27 million) off exchanges in 48 hours. Specifically, these whales moved over 13 million Pi Coins from OKX to several wallets. This presents a bullish outlook for the coin since exchange supply is declining.
Pi Needs To Reclaim This Symmetrical Triangle
While analyzing the Pi Network’s price on the higher timeframe, analyst Alpha Crypto stated that the altcoin needs to reclaim its symmetrical triangle to resume its upward move.
The analyst remarked that once Pi reclaims this structure, market participants can look for a potential long setup. He added that on the flipside, if the price falls outside the triangle, it could open up a short opportunity. Alpha Crypto urged traders to wait for confirmation rather than rushing.
From a fundamentals perspective, top exchange listings could send the Pi Coin price higher. CoinGape recently reported that top exchange HTX had fueled listing speculations with a cryptic post on its X platform. Meanwhile, Pi community members remain hopeful that Binance will soon list the altcoin.
These community members will have their eyes on the Consensus 2025 conference, where Pi Network founder Nicolas Kokkalis will allegedly join an exclusive list of industry players to speak at the event.
Expert Dr. Altcoin described the event as a pivotal moment for Pi Network, as it will provide an opportunity for the Pi team to promote the network’s ecosystem.
At the time of writing, the Pi Coin price is trading at around $0.63, down almost 3% in the last 24 hours. Trading volume is also down over 36%, with $96.34 million traded during this period.
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.
Dogecoin investors have high faith in the future of the meme currency despite its recent price fall, market data showed, Tuesday.
Dogecoin fell to $0.153 as of April 16 after its price reached a high of $0.168 on April 13, down by 3% in the last 24 hours. This is after the recent price hike following US President Trump’s tariff halt declaration on certain countries on April 10.
Long Positions Dominate Market Activity
The mood among traders on Binance is firmly bullish for the future prospects of Dogecoin. Data from Coinglass show that over 74% of trading accounts have long positions in the cryptocurrency, while only 25% going short. This places the long-to-short account ratio at 2.90, proving widespread optimism among traders.
Long positions increased quickly on April 12, which shows that investors expect Dogecoin to bounce back from its present correction period. They are willing to pay premiums to maintain their positions, as evidenced by positive OI-weighted funding rate signals that have remained above zero since April 7.
Long|Short DOGE by accounts. Source: Coinglass
Holder Patterns Indicate Diversified Strategies
IntoTheBlock statistics reveal substantial shifts in the manner by which people are holding Dogecoin. Investors holding DOGE for over a year increased by marginally 0.13%. These types of “hodlers” as they are called within cryptocurrency forums constitute a solid support base for the currency.
Source: IntoTheBlock
In the meantime, mid-term holders (holders of DOGE for one to 12 months) decreased by 2.50%. Short-term traders experienced the largest increase, with addresses holding for less than 30 days rising by 109%. This new trader surge reflects increasing demand for quick profit from Dogecoin price action.
Technical Analysis Points To Future Price Directions
One TradingView account, FuaCompany, has plotted Dogecoin’s movement in what analysts call a rising channel. On the basis of this trend, two general scenarios for Dogecoin’s future price are on offer.
The first scenario shows Dogecoin rebounding from the lower edge of this channel and continuing to trend upwards. This would comply with what occurred before when the price rebounded back from $0.05 to higher levels.
The second scenario entails a temporary drop below the bottom line of the channel, plunging to around $0.08 before surging higher, both scenarios ultimately carrying long term bullish signals, with some projections estimating Dogecoin to even reach $0.70.
Weekly Performance Still Positive Despite Slump
Despite the recent slump, Dogecoin is still positive overall on the week. In fact, the cryptocurrency has shown quite a hefty rise-on-week for about 7.40% during the past week in spite of that dip.
DOGE price up in the last week. Source: CoinMarketCap
The price started off in early April with an initial volatility before strengthening with the Presidential Tariff declaration by Trump. Following the monthly peak on April 13, reaching 0.168, Dogecoin encountered what traders know to be a consolidation phase, where prices continue to trend sideways while forming in preparation for another move.
According to market observers, this pattern of gains and then consolidation is typical in cryptocurrency markets. The strong level of long positions shows most traders view the current price drop as just a temporary hiccup and not the start of a larger bearish trend.
Featured image from CoinFlip, chart from TradingView
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