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Market Strategist Believe Shiba Inu (SHIB) and Mpeppe (MPEPE) Will Spark The Next Bull Run
The cryptocurrency market is poised for another potential bull run, and market strategists are closely watching two tokens that are predicted to lead the charge: Shiba Inu (SHIB) and Mpeppe (MPEPE). Both of these tokens have gained significant traction in recent months, and their strong community support, innovative features, and market positioning have them set to spark the next major wave of upward momentum in the crypto space.
Shiba Inu (SHIB): The Resilient Meme Coin
Shiba Inu (SHIB), known for its viral meme appeal, has captured the attention of millions of investors since its launch. What began as a speculative meme coin has now evolved into a robust ecosystem with plans for further growth. Shiba Inu (SHIB) continues to maintain its relevance in the market, driven by its passionate community, ongoing development efforts, and increasing use cases.
The Shiba Inu (SHIB) ecosystem is evolving to include projects such as ShibaSwap, a decentralized exchange (DEX) that allows users to trade, stake, and earn rewards. These developments have solidified Shiba Inu (SHIB) as more than just a meme coin, giving it added utility within the decentralized finance (DeFi) space. Market strategists believe that Shiba Inu (SHIB), with its strong community support and expanding ecosystem, is well-positioned to play a leading role in the next bull run.
Mpeppe (MPEPE): A New Player With Massive Potential
While Shiba Inu (SHIB) has established itself as a major player in the meme coin arena, Mpeppe (MPEPE) is quickly gaining ground as a key token in the decentralized gambling and gaming sectors. Mpeppe (MPEPE) is an AI-powered gambling coin built on the Ethereum (ETH) blockchain, offering a unique and innovative platform for decentralized online gambling.
What makes Mpeppe (MPEPE) stand out is its integration of DeFi elements within its tokenomics. Mpeppe (MPEPE) allows users to engage in yield farming, liquidity mining, and staking, creating opportunities for passive income while participating in the platform’s AI-driven gambling ecosystem. This combination of DeFi and gaming has attracted a growing number of investors, making Mpeppe (MPEPE) a highly attractive option for those looking for both utility and growth potential.
How DeFi and AI Are Shaping Mpeppe (MPEPE)’s Future
The integration of decentralized finance (DeFi) elements into Mpeppe (MPEPE) is a significant factor contributing to its bullish outlook. By adopting features such as decentralized governance and liquidity mining, Mpeppe (MPEPE) provides additional value to its community, encouraging long-term engagement and fostering a more decentralized ecosystem. These features not only enhance the functionality of the token but also allow investors to generate returns through various DeFi strategies.
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In an unprecedented mover, rumors of a Shiba Inu ETF launch looming over the crypto horizon have set the market abuzz. On Monday, renowned on-chain tracker Whales HQ revealed that Wall Street experts anticipate a SHIB ETF launch in the near future. This announcement has echoed a frenzy among market participants whilst enthusiasts speculate whether a DOGE ETF is in the pipeline or not.
Wall Street Experts Anticipate Shiba Inu ETF Launch Ahead Of DOGE
According to an X post by Whales HQ dated October 7, Wall Street experts are foreseeing a Shiba Inu ETF launch in the near future. However, a massive tide of speculation prevails in the market whether such rumors are potentially true.
Given the current market scenario, it is quite evident that a digital asset-backed ETF propels substantial money inflow into the ecosystem. Should the crypto realm see a SHIB ETF launch, a similar impact could emerge. However, given SHIB’s minor market cap of just $10.52 billion, market watchers question the likeliness of such a scenario.
If anything, the largest meme token by market cap, Dogecoin, could see an ETF before a SHIB-backed exchange-traded product goes live. On the contrary, Bitcoin, the first crypto to score an ETF approval, boasts a market cap of a whopping $1.24 trillion. Simultaneously, Ethereum, the second largest crypto by market cap, secured an ETF with a market cap of $297.16 billion. Concerning this, renowned cryptocurrencies such as Solana (SOL) and Ripple’s XRP appear to be already in line for an ETF launch ahead. CoinGape Media reported Bitwise filed for an XRP ETF recently. Notably, the exchange forged ahead, filing a registration for a Delaware statutory trust, eyeing the ETF launch.
Besides, it’s also worth mentioning that Bonk, another dog-themed meme coin, announced a BONK ETP launch in the U.S. recently. This mover by the token’s community paves the way for an ETF launch ahead. Nevertheless, even Bonk’s market cap of just $1.57 billion has clouded the chances of an ETF in an enigma. Altogether, current market stats point out that a Shiba Inu ETF launch may not be as soon as pointed out by Whales HQ.
SHIB & DOGE Price Performance
At press time, SHIB price traded at $0.00001785, up nearly 2% in the past 24 hours. The coin’s intraday low and high were $0.0000175 and $0.00001878, respectively. Simultaneously, DOGE price traded at $0.1111, which is up nearly 1% in the past 24 hours. The coin’s 24-hour low and high were $0.1096 and $0.1152, respectively. The meme coins’ rising movement today falls in line with the broader market trend. Meanwhile, a Shiba Inu ETF launch could further fuel a positive momentum in the token’s price, although chances of so remain low in the near future.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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.
In a riveting turn of events, crypto exchange Bitget’s native token BGB on Monday witnessed a phenomenal price flux, raising concerns among market participants globally. Intriguingly, the native token’s price crashed over 50% in the past 24 hours, thereafter embarking on a recovery trajectory. This phenomenon has raised eyebrows among crypto traders and investors globally, whilst the exchange recently uncloaked the reason behind the price flux.
Bitget Offers Insights Into BGB Price Flux
In an official X post by the crypto exchange dated October 7, Bitget announced that the unexpected volatility was primarily due to market conditions. Besides, the exchange notified users that the native token’s price has now stabilized. Additionally, Bitget also revealed that it “will fully compensate for any asset losses.” A compensation plan is expected to be rolled out within the next 24 hours. Further, the compensation process is expected to be completed within the next 72 hours, the crypto exchange added in its post.
BGB price chart indicated that the token suddenly plunged from a $1.12 level to as low as the $0.53 level in the early hours of October 7, marking a decline of over 50%. However, the token subsequently gained an upward trajectory, offering users and market participants relief. “We apologize for any inconvenience caused,” the exchange concluded.
Token Price Action
At press time, BGB price chart showcased a 0.69% uptick in value and is currently trading at $1.07. The coin’s intraday low and high were recorded as $0.53 and $1.19, respectively, per TradingView data. Despite the significant price flux, the token’s intraday trading volume jumped 59% as of writing to $77.95 million. With Bitget offering clarity on the remarkable price flux, market sentiments surrounding its native token have also remained relatively calm.
Simultaneously, Coinglass data indicated that BGB futures OI jumped 22.97% over the past day to $54.34 million. Moreover, the derivatives volume surged 165.90% to $27.67 million, underscoring increased investor interest in the asset despite the significant price turbulence. Crypto market participants continue to extensively eye the token for future price action shifts as market trends unfold.
Meanwhile, the exchange continues to enhance user appeal with offerings, as in the one mentioned above, bolstering trading decisions despite market volatility. CoinGape Media reported earlier this year that Bitget offered $5 million to support crypto content creation. Altogether, the exchange continues making strides alongside key players in the industry.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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.
Cardano founder Charles Hoskinson has again shaded the Solana network while praising the Sui network as a better option. Although Hoskinson was full of praise for Sui, he asserted that Cardano remains the number and gave reasons why he believes so.
Cardano Founder Shades Solana
Charles Hoskinson mentioned in an X post that the Sui network is what Solana should have been, indicating that the former is a better option than Solana, which ranks as a top layer-1 blockchain. His statement came following his revelation on how he had read about Sui. The Cardano founder mentioned that it was great to see George Danezis’s (Sui’s initial contributor) work come to life. He added that they deserve “great success in the space.”
This isn’t the first time that Hoskinson has shaded Solana, especially as the Cardano vs. Solana comparison persists. Earlier this year, he suggested that Solana wasn’t providing any real network value despite boasting a good ecosystem.
Meanwhile, when Solana suffered an outage in February earlier this year, Hoskinson joked about the developers restarting the network to get it back up. He also once criticized Solana for spending too much on marketing rather than working to provide actual value.
Hoskinson’s latest comment comes amid a recent claim by former NSA intelligence contractor Edward Snowden that Solana is centralized. He remarked that the network’s centralization could easily disrupt anything built on it if Solana faces regulatory scrutiny.
“Cardano Is Still Number 1”
Despite Hoskinson’s praise of the Sui network, the Cardano founder is confident that his network is still the leading blockchain in the space. He said,
Cardano is still number 1. It’s not even close with Decentralized governance and all the amazing roadmap items coming.
In his post about how Sui is what Solana should have been, he added that he thinks Cardano’s approach is “superior for a long list of reasons.” However, he admitted that Sui has some real innovations.
Cardano’s Chang Hard Fork went live last month, ushering in the Volatiare era, which focuses on decentralized governance. Hoskinson has previously cited this network upgrade as one of the reasons he is confident that his network will lead the way for years to come.
Interestingly, he even once asserted that Cardano would flip Bitcoin, noting that the latter has stalled, unlike his network, which he says has already lived up to Satoshi Nakamoto’s vision and is even doing more.
One of the amazing roadmap items that the Cardano founder could have been referring to is the Midnight protocol. The Midnight protocol testnet recently went live and is a privacy solution that could further boost Cardano’s value proposition.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. 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 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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