Altcoin
Internet Computer Whale Adds ICP Rival Onto Investment Watchlist
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:
- 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.
- 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.
- 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.
- 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:
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Altcoin
Ethereum Foundation Launches Pectra Tesnet ‘Mekong’, ETH Price Set For $4000
Ethereum Foundation on Thursday announced launch of its first short-lived Pectra testnet ‘Mekong.’ This testnet includes all the EIPs proposed for the upcoming Pectra upgrade on the Ethereum network. Will this trigger ETH price rally to $4000 as the price jumped 8% in the last 24 hours?
Ethereum Foundation Introduces Mekong Tesnet for Pectra
In an official announcement by Ethereum Foundation on November 7, the first short-lived Mekong testnet was introduced after scoping the Pectra fork and four DevNet events
The foundation said the Mekong testnet consists of all the EIPs proposed for the next major Pectra upgrade. It includes changes such as UX changes via EIP-7702, staking changes via EIP-7251, changes to the deposits and exit mechanisms via EIP-6110 and EIP-7002.
The Mekong testnet is focused on wallet developers to engage with UX changes and for stakers to gain confidence in the upcoming changes. This is a short-lived testnet but the features included will make it into existing public testnets and finally the mainnet.
In addition, Ethereum developer Tim Beiko reveals ethPandaOps has introduced this short-lived Pectra testnet Mekong to introduce major changes in mainnet. Also, this helps the crypto community try out EIP-7702, MaxEB consolidations, and more.
Moreover, Ethereum Foundation developer Parithosh recommended wallet teams to try Mekong testnet at the DevCon Week, which will run the entire week of November 9-17.
If you want something to hack on at DevCon, try out the Mekong testnet!
All the pectra EIPs are live: so you can brainstorm your EIP-7702 wallet user flows, deposit a validator to use MaxEB and exit a staking pool validator with a smart contract! https://t.co/GXEqhjrDjS
— parithosh | 🐼👉👈🐼 (@parithosh_j) November 7, 2024
ETH Price to Hit $4000
Bullish sentiment surrounding Donald Trump’s win and DevCon event has triggered the rally. Moreover, the launch of the Mekong testnet to fuel ETH price further. Notably, analyst Benjamin Cowen predicted Ethereum price rally after a bottom formation confirmation in the ETH/BTC pair above the 50 DMA.
Popular analysts Michael van de Poppe and Ali Martinez said Ethereum is in the early bull run stage. With the Pectra upgrade expected to take place in early 2025, whales are likely to buy the dip. Michael van de Poppe suggested that the markets are rotating and ETH will see a massive pump. Notably, a higher-low formation will bring much-awaited upward momentum.
Also, Ali Martinez added that MVRV Momentum crossing its 180-day has historically signaled a period of outperformance for ETH price. The cross hasn’t happened yet and gives an opportunity to buy the dip for more upside ahead for the $4000 psychological level.
ETH price today jumped 8% to a 3-month high, with the price currently trading at $2,800. The 24-hour low and high are $2,611 and $2,878, respectively. However, the trading volume has decreased by 6% over the last day.
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.
Altcoin
Why Bitcoin Users Are Moving to Altcoins? As Ethereum Price Jumps 11%
Although the Bitcoin price rally has paused above $75,000 a day after Donald Trump’s victory, altcoins have continued their strong show with the Ethereum price taking the lead with 11% gains all the way to $2,850 levels. Investors have a lot of questions as to does this mark the beginning of the much-awaited altseason moving ahead.
Altcoins Steal the Limelight from Bitcoin?
On the day of Donald Trump’s victory on November 6, the Bitcoin price touched its all-time high levels surging all the way to $75,000. While the bulls try to defend these levels, altcoins seem to grabbing the investors’ focus.
The Ethereum price has managed to pull off 12% gains moving all the way to the $2,850 level and eying further rally to its all-time high levels. This comes despite strong selling pressure from Ethereum whales. Popular crypto analyst IncomeSharks noted that the ETH price has given a crucial breakout from the downward trendline slope, which opens the gates for a 75% rally from here to new all-time highs.
$ETH – Breakout. 75% move from here to an all time high. $3k first. pic.twitter.com/29KJzgk4Ex
— IncomeSharks (@IncomeSharks) November 7, 2024
Furthermore, after hitting the lower lows over the past few months, the ETH/BTC trading pair has notched up a bit. “With ETH/BTC at 0.035 it definitely makes sense to start hedging,” added Cowen. However, he added that for the bottom formation confirmation, the ETH/BTC pair must end above the 50 DMA.
I would watch #ETH / #BTC here.
If it can get above the 50D SMA, the there is a good chance that ETH/BTC has bottomed. pic.twitter.com/dXNYj2sDvY
— Benjamin Cowen (@intocryptoverse) November 7, 2024
Apart from Ethereum price surge, other altcoins like Solana made strong gains on Donald Trump’s victory. The Solana price has surged to $188 once again as talks about the approval of spot Solana ETF in the Trump presidency gain traction. As a result, analysts predict an SOL surge to $300 levels from here.
Will BTC Lose the Grip Over the Market?
Some market analysts state that it is still early to call the altseason and expect Bitcoin dominance to grow even further. Also, this could just be the beginning of the next major Bitcoin bull run.
Veteran trader Peter Brandt shared an optimistic outlook for Bitcoin, suggesting it has entered a “sweet spot” in the current bull market halving cycle. According to Brandt, Bitcoin is on track to peak between $130,000 and $150,000 by August or September of next year, marking a potential new high for the cryptocurrency.
Echoing similar thoughts, crypto analyst Ali Martinez noted that the next BTC top usually happens after 8 to 12 months following a monthly close above the previous all-time highs. Thus, he expects the next BTC top to happen anywhere between July to November 2025.
Historically, #Bitcoin has reached market tops roughly 8 to 12 months after achieving a monthly close above its previous all-time high.
If this pattern continues, the next potential market top for $BTC could occur between July and November 2025. pic.twitter.com/aWBZDBpUea
— Ali (@ali_charts) November 6, 2024
According to blockchain analytics firm CryptoQuant, Bitcoin’s recent all-time high doesn’t signal an overvaluation relative to its cost basis. The firm’s data on the MVRV ratio suggests that BTC remains well below peak levels. Additionally, Bitcoin’s price is close to traders’ average purchase cost, indicating that the market is not currently overheated. These insights point to the potential for continued growth in Bitcoin’s value.
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.
Altcoin
XRP Price At Risk As Ripple Moves $250M?
The XRP price has come under the spotlight following Ripple’s recent $250 million XRP transfer. This comes amid bullish predictions for the coin, with analysts saying that its price could enjoy a parabolic rally following Donald Trump’s win.
The XRP Price At Risk With Ripple’s $250 Million Transfer
The XRP price is at risk of a decline following Ripple’s transfer of $250 million worth of XRP to an unknown wallet. Onchain data shows that the crypto firm transferred 470 million XRP to this wallet (rP4X2…sKxv3). This unknown wallet has since transferred 100 million XRP to another wallet (rhWt2…E32hk).
The purpose of the $250 million transfer remains unclear. However, it could relate to Ripple’s On-Demand Liquidity (ODL) services or the ongoing SEC appeal case.
This development comes just a day after XRP whales moved $814 million, indicating whale accumulation. While the Ripple transfer is unlikely to impact the XRP price since it will likely be done over the counter (OTC) if it is a potential sale, it could still create a bearish sentiment among XRP investors.
However, crypto analysts are confident that XRP is currently in bullish territory following Donald Trump’s win in the US presidential elections. The coin could surge up to 3,336% as crypto analyst StephIsCrypto predicted a major above $2 following Trump’s victory.
A Price Surge Above $20 By Year-End
In an X post, Crypto analyst Amonyx made a bold prediction, stating that the XRP price will rise above $20 by year-end. In another X post, the analyst suggested that he was confident that this price surge would happen with the US SEC chair Gary Gensler set to be removed following Donald Trump’s victory.
Gensler’s removal is bullish for the XRP price because he has spearheaded the long-running legal battle against Ripple. The legal battle could have negatively impacted XRP all this time, creating doubts in investors’ minds.
However, with Gensler gone and the Ripple SEC lawsuit likely to end, investors could again become bullish on XRP and look to invest more in the crypto. Crypto analyst Ross Vandermeer also predicted that the XRP price could eventually rise to $1,000 thanks to Donald Trump’s US election victory.
Ripple CEO Brad Garlinghouse recently called on the US president-elect to fire Gary Gensler on day 1, just like he promised. Meanwhile, Ripple chief legal officer (CLO) Stuart Alderoty urged Trump to end the regulation-by-enforcement approach to position the US as the crypto capital.
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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