Connect with us

Altcoin

Internet Computer Whale Adds ICP Rival Onto Investment Watchlist

Published

6 months ago

on


The cryptocurrency market is no stranger to competition, with major players like Solana (SOL) and Internet Computer (ICP) continually battling for dominance. However, a new player is catching the attention of savvy investors, including whales who have previously backed Internet Computer. This rising star, Mpeppe (MPEPE), is quickly becoming a serious contender and has recently been added to the watchlist of some of the biggest whales in the ICP ecosystem.

Internet Computer (ICP): A Powerhouse in Decentralized Computing

Internet Computer (ICP) has been a formidable force in the blockchain space, aiming to revolutionize the internet by providing a decentralized platform for running applications at scale. Its goal is to transform the web by decentralizing cloud services, making the internet more open, secure, and scalable. This ambitious vision has attracted significant investment and interest, positioning Internet Computer (ICP) as one of the top players in the blockchain industry.

Internet Computer (ICP)’s technology is built to support large-scale decentralized applications (dApps) with the speed and efficiency that rivals traditional cloud services. This has made it a go-to platform for developers and enterprises looking to leverage blockchain technology for complex and resource-intensive applications. However, the competitive landscape is always shifting, and even giants like Internet Computer (ICP) must stay vigilant as new contenders emerge.

The Rise of Mpeppe (MPEPE): A Serious Contender

Amidst the dominance of established projects like Internet Computer, Mpeppe (MPEPE) has quietly been gaining traction as a serious rival. Unlike many new tokens that enter the market with little more than hype, Mpeppe (MPEPE) has quickly proven that it offers more than just meme-based appeal. With its unique blend of decentralized finance (DeFi) features and a community-driven approach, Mpeppe (MPEPE) is positioning itself as a formidable competitor in the space.

Mpeppe (MPEPE)’s success in its presale phase has been nothing short of impressive. Over 80% of its tokens have already been sold, raising significant capital and showcasing strong investor confidence. Priced at just $0.00177, Mpeppe (MPEPE) offers a low entry point, making it an attractive option for investors looking to diversify their portfolios with high-growth potential assets.

Why ICP Whales Are Watching Mpeppe Closely

The decision by an Internet Computer (ICP) whale to add Mpeppe (MPEPE) to their watchlist is not just a casual observation; it’s a strategic move that could indicate broader trends in the market. Here’s why Mpeppe (MPEPE) is catching the attention of major investors:

  1. High Growth Potential: Mpeppe (MPEPE)’s early success and rapid presale performance suggest that the token could experience significant appreciation in value. For Internet Computer (ICP) whales, who are accustomed to holding assets with substantial upside, Mpeppe (MPEPE) represents a new opportunity to capitalize on a potentially explosive growth trajectory.
  2. Diversification Strategy: Even whales need to diversify their portfolios to manage risk and optimize returns. By adding Mpeppe (MPEPE) to their watchlist, Internet Computer (ICP) whales are hedging against market volatility and ensuring they have exposure to different segments of the blockchain industry.
  3. Innovative Features: Mpeppe (MPEPE)’s focus on integrating DeFi with community-driven governance sets it apart from many other new tokens. Its unique features and utility within its ecosystem make it more than just a speculative asset, appealing to investors who seek long-term value.
  4. Market Sentiment: The buzz around Mpeppe (MPEPE) is growing, with increasing mentions in social media and crypto forums. Positive sentiment and strong community support can drive demand and, consequently, the price of the token. Internet Computer (ICP) whales are likely recognizing the momentum building around Mpeppe (MPEPE) and positioning themselves to benefit from it.

The Future of Mpeppe (MPEPE) in a Competitive Landscape

As Mpeppe continues to gain recognition, it’s clear that this token is more than just another entry in the crowded crypto market. Its potential to rival established giants like Internet Computer lies in its ability to offer unique value propositions that resonate with both retail and institutional investors.

The inclusion of Mpeppe on an Internet Computer (ICP) whale’s watchlist is a testament to the token’s growing influence. As more investors take notice, Mpeppe could very well become a key player in the broader blockchain ecosystem. The next few months will be crucial in determining whether Mpeppe can capitalize on its early success and continue to build momentum.

Conclusion

The addition of Mpeppe (MPEPE) to the watchlist of a significant Internet Computer (ICP) whale is a strong indicator of the token’s potential. As Mpeppe continues to grow and carve out its niche in the market, it’s poised to become a serious competitor to established projects like Internet Computer (ICP). For investors, both large and small, keeping an eye on Mpeppe could be a smart move as the token navigates its path to broader adoption and success.

As the crypto market continues to evolve, Mpeppe’s journey will be one to watch, offering both challenges and opportunities in the ever-competitive world of blockchain technology. Whether Mpeppe will rise to the occasion and become a dominant force remains to be seen, but the early signs are promising, and the attention from Internet Computer (ICP) whales only adds to its credibility.

For more information on the Mpeppe (MPEPE) Presale: 

Visit Mpeppe (MPEPE)

Join and become a community member: 

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

 



Source link

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Altcoin

Can Bitcoin Erase US Debt By 2049? VanEck Research Weighs In

Published

5 hours ago

on

February 22, 2025

By


VanEck has announced a bold prediction that Bitcoin will play a critical role in managing the United States’ rising national debt. The study, based on Senator Cynthia Lummis’ proposed Bitcoin Act, shows that a strategic Bitcoin reserve may partially balance the country’s debt by 2049. But how feasible is this concept?

The Potential Impact Of Strategic Bitcoin Reserves

The study examines a scenario in which the US government obtains up to 1 million BTC during a five-year period. If this strategy comes to fruition, VanEck believes that such a reserve may help balance almost $21 trillion in national debt by 2049. Based on forecasts of future debt growth, this equates to around 18% of the expected total debt at the time.

However, this positive forecast is heavily reliant on Bitcoin’s price trajectory. VanEck’s model forecasts that BTC will grow at a 25% compounded annual rate (CAGR). Starting with an estimated acquisition price of $100,000 per unit in 2025, the crypto would need to see sustained price increases over the next two decades.

Source: VanEck

Debt Growth Versus Bitcoin Appreciation

The study considers the expected 5% annual rate of increase in US debt trajectory. Any effort to balance the predicted $100 trillion national debt by 2049 will need assets with big appreciation potential.

Though highly volatile, Bitcoin presents both a challenge and an opportunity. A 25% CAGR is an ambitious aim considering past pricing volatility, regulatory uncertainties, and industry acceptance patterns. Should the slow down in the crypto’s expansion, the reserve might not meet expectations, therefore lessening its value in addressing national debt.

BTC is now trading at $96,456. Chart: TradingView

Bitcoin As A Government Asset

VanEck’s view is consistent with a broader discussion concerning the leading digital currency’s role in national economies. Countries such as El Salvador have already adopted the top coin into their financial plans, albeit on a far lesser scale. If the US took a similar strategy, it would be an unparalleled shift in monetary policy.

The practicality of building such a massive Bitcoin reserve raises concerns. Would the government buy the crypto asset gradually or in bulk? How would it safeguard and govern such an asset? These uncertainties complicate VanEck’s vision.

A High-Risk Gamble Or A Financial Breakthrough?

VanEck’s research presents an intriguing possibility, despite these obstacles. The potential of BTC as a long-term wealth reserve is still a topic of debate among economists and policymakers. It may be feasible to employ the digital asset to mitigate national debt if its value continues to increase.

For now, the feasibility of this strategy remains uncertain. The US government has yet to indicate any concrete plans to acquire the alpha crypto on a large scale. But with national debt rising and Bitcoin’s influence growing, discussions around this unconventional solution are far from over.

Featured image from Gemini Imagen, chart from TradingView



Source link

Continue Reading

Altcoin

Ethereum Community Split Over Onchain Rollback Amid Bybit Hack

Published

6 hours ago

on

February 22, 2025

By


As Bybit picks up the pieces from its jarring security breach, the Ethereum (ETF) community has been buzzing with speculation over the network’s future. One side of the divide makes a case for a blockchain rollback designed to eliminate malicious transactions, while the purists argue that the move will “kill” Ethereum’s credibility.

Forging Ahead With a Rollback

BitMEX co-founder Arthur Hayes has declared support for a rollback for the top layer 1 network, pitching his tent on the premise of Ethereum’s hard fork in 2016. For Hayes, since the network has undergone a previous hardfork, a rollback to stifle the ability of North Korean hackers to use stolen assets should be an easy choice for validators.

Samson Mow, Jan3 CEO, endorsed the proposed rollback in conversations with Ethereum co-founder Vitalik Buterin. Mow’s theory proposes the $ETH ticker for the rolled-back chain and renaming the current chain $ETHNK, urging Coinbase and other exchanges to delist the token from their platforms.

While the debate rages on, hardliners in the Ethereum community may be swayed by claims that the stolen ETH by state-sponsored hackers will be used to fund North Korea’s nuclear weapon programs. The $1.5 billion pilfered from the Bybit hack surpasses previous security breaches in scale, dwarfing the top five biggest hacks of 2024 by a country mile.

A blockchain rollback is an event that reverses confirmed transactions on a network to a previous state. Traditionally, the concept involves chain deployment after security breaches, and it takes several forms, including forks and chain reorganizations.

Ethereum Community Against The Rollback

Amid the Bybit hack, blockchain proponents in the Ethereum community are adopting a hard stance against a rollback proposal, citing the grim potential of eroding Ethereum’s credibility in the grand scheme.

“A rollback can only happen if you split the chain. Ethereum’s reliability and neutrality would be at risk,” said pseudonymous crypto trader Borovik on X. “This should never happen, under no circumstances.”

Borovik’s argument has received support from Bitcoin proponent Jimmy Song, who notes that the Bybit incident is significantly different from 2016’s DAO hack. Song’s claim against a rollback hinges on the fact that the Bybit hack is a settled affair, while the DAO hack took a month to execute.

“I know people are expecting the Ethereum Foundation to roll back the chain, but I suspect it’s already too much of a mess to do it cleanly,” said Song

✓ Share:

Aliyu Pokima

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.





Source link

Continue Reading

Altcoin

Analyst Reveals Two XRP Price Levels To Watch, Is $250 On?

Published

8 hours ago

on

February 22, 2025

By


XRP price has continued its bearish consolidation as Ripple community investors continue to weigh the impacts of the recent Bybit hack. Against some visible trends, XRP has maintained its price drawdown but has stayed above the $2.5 mark despite the massive selloff. In light of this crypto technical analysis platform, More Crypto Online, the coin remains neutral and indecisive. This outlook has introduced a major twist in the expectation that the coin could hit $250 in the near long term.

XRP Price Trading Within Very Tight Range

According to an update on X More Crypto Online, XRP remains rangebound, holding above the invalidation point at $2.47. At the time of writing, the coin was changing hands for $2.592, down by 0.63% in the past 24 hours. The coin has moved from a low of $2.512 to a high of $2.597 before settling at the current level.

Per the analytical platform, the bullish structure of XRP remains technically intact despite the latest offsets. However, the current outlook shows the coin has not made a major move to break above the resistance point at $2.8. This implies the coin will likely see the bearish scenario play out for a few more days.

The analysis outfit issued two primary price levels for traders to watch. This includes the $2.47 invalidation level and the $2.75 breakout zone. Breaching these two levels can imply a further dropdown or rally for the coin.

Is the $250 Price Target Still Feasible?

In an earlier XRP price analysis, CoinGape reported that market analyst XRP Captain predicted the coin may hit $250 between now and 2026. This forecast is hinged on the premise that Ripple whales were accumulating the coin rapidly.

While analysts are generally optimistic regarding Ripple, this is by far the most ambitious projection for the coin. As reported earlier, the influence of the coin’s supply was showcased as a major bane toward achieving this massive projection.

However, the environment remains promising, considering the pro-crypto outlook of the United States government.

Ripple Lawsuit Impact

Bringing the Ripple Labs versus United States Securities and Exchange Commission (SEC) lawsuit is key to the future of the XRP price. Earlier, Coinbase and the US SEC agreed to dismiss their lawsuit, which is pending the commission’s approval. The community is optimistic that the Ripple Labs lawsuit will be the next in line to be dismissed.

Beyond this, the impact of the potential XRP ETF approval on the coin’s price is also profound. Despite the effects of the Bybit hack and the current consolidation, the optimism for a massive breakout is high.

✓ Share:

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.

Follow him on X, Linkedin

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.





Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io