Altcoin
Internet Computer Rally Continues Investors Extend Those Profits With Mpeppe (MPEPE)
As the Internet Computer Protocol (ICP) continues to gain momentum, savvy investors are looking to extend their profits by diversifying into other promising assets like Mpeppe (MPEPE). The recent advancements within the ICP ecosystem, particularly the implementation of Threshold-Schnorr signatures and enhanced Bitcoin integration, have fueled a rally that has captured the attention of the crypto community. Now, with the spotlight on MPEPE, the question arises: How can investors capitalize on this opportunity?
Internet Computer (ICP) Enhances Bitcoin Compatibility
The Internet Computer Protocol has made significant strides in expanding its utility and integration with the broader cryptocurrency ecosystem. One of the key developments driving its recent rally is the integration of Threshold-Schnorr signatures as part of the Deuterium milestone. This cutting-edge technology allows ICP smart contracts to directly interact with Bitcoin, enabling a new range of decentralized finance (DeFi) applications and use cases that were previously impossible.
By supporting the signing of Taproot transactions, the implementation of Threshold-Schnorr signatures opens up the potential for ICP-based projects to create advanced, trustless applications on the Bitcoin network. This development is expected to significantly boost the adoption of ICP among developers and further its role in the evolving DeFi landscape.
According to Lomesh Dutta, VP of Growth at the Dfinity Foundation, “With tSchnorr, ICP smart contracts can now natively sign Bitcoin transactions, enabling developers to create a wide range of applications such as DeFi lending markets, decentralized indexers, and more.”
This enhanced functionality has already sparked increased interest from developers, leading to a surge in adoption and positioning ICP as a major player in the ongoing evolution of Bitcoin within the DeFi space.
Mpeppe (MPEPE): The Next Big Opportunity
While ICP continues to soar, Mpeppe (MPEPE) is emerging as a new contender for investors looking to maximize their gains. MPEPE is an ERC20 token built on the Ethereum blockchain, designed to capture the viral nature of meme culture while offering unique opportunities within the decentralized finance and online gambling sectors.
Currently in its third presale stage, MPEPE has already raised over $1.2 million, with 77.48% of the tokens sold. The current price of MPEPE is 0.001777 USDT, and with the next stage set to increase the price to 0.0021 USDT, early investors are positioning themselves for potentially significant returns. Moreover, investors can take advantage of a 20% bonus by using the promo code “MPEPE20” during the presale, further enhancing their profit potential.
MPEPE’s tokenomics are strategically designed to drive demand and scarcity, with a total supply of 7.6 billion tokens. Notably, any unsold tokens during the presale phase will be burnt, reducing the total supply and potentially increasing the token’s value over time. This deflationary mechanism, combined with the token’s integration into DeFi and online gambling platforms, makes MPEPE a compelling investment opportunity.
The Synergy Between ICP and MPEPE
The rally in ICP, fueled by its groundbreaking advancements in Bitcoin integration, has created a wave of investor confidence that is now spilling over into other promising projects like MPEPE. The synergy between ICP’s technological innovations and MPEPE’s unique market positioning creates a powerful investment narrative.
As ICP continues to strengthen its role in the decentralized finance ecosystem, investors who have benefited from its rise are looking to diversify and secure additional gains. MPEPE, with its strong presale performance and potential for viral growth, offers a natural extension for these profits.
Moreover, MPEPE’s alignment with the trends driving the broader cryptocurrency market—such as the growing demand for DeFi services and the popularity of meme-based assets—positions it as a strategic addition to any crypto portfolio.
Conclusion: Seizing the Opportunity
The cryptocurrency market is constantly evolving, and those who stay ahead of the curve stand to reap the most significant rewards. With ICP’s rally continuing and MPEPE offering a fresh opportunity for growth, investors have the chance to diversify their portfolios and capitalize on the momentum driving these two promising projects.
Whether you’re an ICP investor looking to extend your profits or a newcomer searching for the next big thing, Mpeppe (MPEPE) provides an attractive proposition. As we move further into 2024, keeping an eye on both ICP and MPEPE could be the key to unlocking substantial gains in the ever-dynamic world of cryptocurrency.
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Crypto expert Egrag Crypto has again predicted that the XRP price could rally to as high as $27. The analyst has also revealed the exact timeline for when the altcoin could record this massive price surge.
Expert Reveals Time For XRP Price To Hit $27
In an X post, Egrag Crypto asserted that the XRP price can hit $27 in 60 days. The expert remarked that historical patterns indicate that the altcoin can reach this target within this timeframe.
Based on this price prediction, XRP could reach this $27 target by June, marking a 1,250% gain for Ripple’s native crypto. The expert’s accompanying chart showed that he was alluding to the 2017 bull run as to why the altcoin could record such a parabolic rally.
In 2017, XRP recorded a historic gain of over 60,000% as it rallied to its current all-time high (ATH) of $3.8 the following year. As such, based on history, a 1,250% increase is nothing for the altcoin.
In the meantime, the XRP price still boasts a bearish outlook thanks to the sentiment in the broader crypto market. As CoinGape reported, Ripple’s coin could drop to the next major support levels at $1.79 and $1.56 if it fails to hold above $2.03.
Decision Time For The Altcoin
In an X post, crypto analyst CasiTrades stated that it is decision time for the XRP price. She noted that the altcoin is showing strength with a bounce right back to the first key test at $2.17. She added that this is the resistance level she wants to see flip into support, as it might be the “most important price of the week.”
The analyst stated that XRP must reclaim this level to build momentum. She added that the $2 level remains a valid target if the $2.17 level rejects. Meanwhile, CasiTrades revealed that $2.70, $3.05, and $3.80 are the major resistance zones once the upward trend is confirmed.
The analyst also mentioned that the XRP price is now fully inside the Fibonacci Time Zone 3, which spans most of April. She affirmed that this is the breakout window market participants have been preparing for and that all signs point to a macro wave.
CasiTrades affirmed that the structure is clean. The RSI divergence has confirmed the bottom, while the subwaves are aligning well with the larger targets. If the next leg pushes XRP back above $2.17 with momentum, she claimed that market participants may finally see obvious signs of Wave 3. Interestingly, the analyst added that if the altcoin clears $2.70 this week, it may break the $1,000 price extension.
For now, investors may remain cautious, especially seeing how XRP fell after the PMI and JOLTS data release earlier today. Donald Trump is also set to announce reciprocal tariffs tomorrow, which could spark a massive price crash.
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.
A recent Binance update has triggered massive liquidations while sending Solana memecoin ACT into a steep correction. At first, pundits blamed market maker Wintermute for the jarring declines but Binance’s update to leverage and margin tiers appears to be the culprit.
Several Altcoins on Binance Suffer Massive Corrections
According to an X post, several altcoins listed on Binance took a major hit, dropping by double-digit percentages. The hardest hit of the lot was Solana memecoin ACT, experiencing a sudden drop of over 50% in 30 minutes.
Other altcoins including DEXE and DF equally recorded steep declines of 23% and 16% respectively in the same window. The price slump left traders scratching their heads but a consensus formed that sizable sell orders were behind the declines.
“The sudden dips were triggered by large sell orders executed in a short time frame, leading to a significant surge in spot trading volume,” said one pundit.
Others turned to market maker Wintermute as the trigger for the selloff. However, Wintermute CEO Evgeny Gaevoy denied responsibility while noting that the market maker reacted “post move.”
The decline comes amid a broader market recovery with several cryptocurrencies including Compound (COMP) gaining 70%.
What Triggered The 50% Decline For Solana Meme Coin
A Binance update on leverage and margin tiers on specific tokens like ACT triggered the massive declines. According to an April 1 announcement, the top exchange has updated the margin tiers of several perpetual contracts, noting that existing positions will be affected.
Following the move, one ACT whale got liquidated for $3.79 million at $0.1877, triggering a broad selloff. Former FTX community manager Benson Sun noted that traders had less than 3 hours to respond to the change, criticizing Binance for the move.
“Before changing the rules, Binance should have evaluated how many positions would be closed,” said Sun. “If there are market makers with large positions, they should have notified them in advance.”
Within hours of MUBARAK’s listing, the memecoin tumbled by 40% with Binance CEO Changpeng Zhao downplaying the impact of a listing on prices. Binance has drawn criticism in recent days following its exclusion of Pi Network from its Vote To List initiative.
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.
A crypto market crash looks imminent, with Bitcoin, Ethereum, XRP, and Dogecoin witnessing notable declines. This price crash happened following the release of weak manufacturing PMI and JOLTS data, which provides a bearish outlook for the market.
Crypto Market Crash: BTC, ETH, XRP, & DOGE Decline
CoinMarketCap data shows that a crypto market crash could be on the horizon, with the Bitcoin price sharply dropping below $83,000 from a daily high of around $84,400. Altcoins such as Ethereum, XRP, and DOGE also witnessed sharp declines.
This market crash occurred following the release of weak ISM manufacturing PMI and JOLTS data. The March PMI data dropped to 49, below expectations of 49.5 and lower than the 50 recorded in February.
The US JOLTS job openings for February came in at 7.568 million, below the expected 7.690 million and lower than the 7.762 million recorded in January. These data add to several macro fundamentals that paint a bearish outlook for the market.
This crypto market crash could persist, with China, Japan, and South Korea agreeing to respond to Donald Trump’s proposed tariffs. Trump is set to announce a number of reciprocal tariffs tomorrow, which could significantly harm the market as it sets off a trade war between the US and other nations.
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.
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