Altcoin
Meme Coin Showdown: Playdoge, Dogecoin, or Mpeppe – Who’s Gaining the Most Whale Traction?
The cryptocurrency market has always been a dynamic landscape, especially within the realm of meme coins. As the market matures, certain projects rise to prominence, capturing the attention not just of retail investors but also of influential whales. Currently, three meme coins—PlayDoge (PLAY), Dogecoin (DOGE), and Mpeppe (MPEPE)—are at the center of a showdown, each vying for the attention of crypto whales. But which of these is truly gaining the most whale traction?
Dogecoin (DOGE): The Original Meme Coin and Whale Magnet
Dogecoin (DOGE) has long been a favorite among whales, especially since its meteoric rise in popularity fueled by social media buzz and endorsements from celebrities like Elon Musk. Despite its origins as a joke, Dogecoin (DOGE) has proven to be a serious player in the crypto space, currently trading at $0.10952 with a market cap of $15.93 billion. The coin’s 24-hour trading volume stands at $458.25 million, showing that it still commands significant attention.
However, the question remains: Is Dogecoin (DOGE) still the go-to for whales? While DOGE continues to be a dominant force, the entry of new and innovative meme coins has led some whales to diversify their portfolios. For instance, Shiba Inu’s (SHIB) development team has taken shots at Dogecoin (DOGE), signaling a potential shift in dominance within the meme coin community. Additionally, the whale activity around Dogecoin (DOGE), though robust, has seen some movement toward newer tokens that promise higher returns.
PlayDoge (PLAY): The New Contender on the Block
PlayDoge (PLAY) has swiftly emerged as a formidable player in the cryptocurrency landscape, capturing the attention of both small investors and large-scale whales. With its presale already surpassing $6 million, the project is more than just another meme coin—it’s carving out a niche with a distinctive Play-to-Earn (P2E) model that harks back to the nostalgic Tamagotchi craze. This model, where users nurture virtual pets and earn rewards, has struck a chord with a diverse audience, promising a blend of fun and financial opportunity.
What truly sets PlayDoge (PLAY) apart, particularly in the eyes of whale investors, is its potential for sustainable, long-term growth. The project’s staking feature, offering an impressive 77% annual return, has led to a significant portion of the token supply being locked in staking pools. This high staking activity could create a scarcity effect, potentially driving up the token’s value as demand outpaces supply. As PlayDoge (PLAY) continues to gain momentum, whales are likely to see this as a prime opportunity for substantial future gains.
Mpeppe (MPEPE): The Dark Horse with Huge Potential
Mpeppe (MPEPE) is the dark horse in this showdown, yet it’s quickly proving to be a formidable competitor. The token is currently in the third stage of its presale, with a price of $0.001777 USDT per token. What makes Mpeppe stand out is its focus on the gambling sector within the meme coin market—a niche that has yet to be fully explored by other projects.
Whales are particularly interested in Mpeppe (MPEPE) because of its innovative approach and the potential for massive returns. The token’s presale has already seen significant uptake, with 62.95% of the available tokens sold. Given that whales typically look for opportunities where they can make large investments that yield substantial returns, Mpeppe’s (MPEPE) positioning as a unique gambling meme coin makes it an attractive prospect. The potential for 1000x gains, as speculated by some analysts, is enough to catch the eye of even the most conservative whales.
Moreover, Mpeppe (MPEPE) has a transparent and robust smart contract, which can be found at 0xd328a1C97e9b6b3Afd42eAf535bcB55A85cDcA7B. This level of transparency is crucial for attracting whale investments, as it provides assurance of the project’s legitimacy and potential for growth.
Conclusion: Where Are the Whales Betting?
In this meme coin showdown, it’s clear that whales are spreading their bets across multiple projects. Dogecoin (DOGE)remains a solid choice due to its established presence and liquidity. However, newer projects like PlayDoge (PLAY)and Mpeppe (MPEPE) are gaining traction among whales due to their unique value propositions and potential for explosive growth.
For investors looking to follow the whales, diversifying between these three tokens could be a wise strategy. Each offers its own set of advantages: Dogecoin (DOGE) with its established market position, PlayDoge (PLAY) with its innovative P2E model, and Mpeppe with its untapped potential in the gambling sector. As always, the key is to stay informed and be ready to adapt to the fast-paced changes in the crypto market.
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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.
Altcoin
Ripple CLO Reveals How Donald Trump Can Make US The Crypto Capital
Ripple chief legal officer (CLO) Stuart Alderoty has revealed how US President-elect Donald Trump can make the United States (US) the crypto capital. The Ripple CLO statement came as Ripple CEO Brad Garlinghouse outlined his checklist for the Trump administration.
Ripple CLO Reveals How Trump Can Make US Crypto Capital
In an X post, Stuart Alderoty called on Donald Trump to move swiftly to end the regulation-by-enforcement approach that the crypto industry has endured and position the US as the crypto capital of the world.
As the Ripple CLO suggested, the US has been unable to claim the title of crypto capital due to its unfavorable regulatory environment. Regulators like the US Securities and Exchange Commission (SEC) have clamped down on crypto firms instead of providing regulatory clarity.
However, the Ripple CLO believes that is likely to change under Donald Trump. In his post, he also revealed that the president-elect had taken time to listen to Ripple’s story when they met and has also prioritized crypto as a key policy issue.
Indeed, the US president-elect was very vocal about crypto during his presidential campaign, making several promises to the crypto industry. As part of his promises regarding Bitcoin and the crypto industry, Donald Trump said he would fire US SEC Chair Gary Gensler on day one in office.
This is one of the major promises the crypto community is holding on to, considering that Gensler has spearheaded the anti-crypto crusade in the country.
Brad Garlinghouse Outlines Checklist For Donald Trump’s Administration
Before the Ripple CLO’s comments, Ripple CEO Brad Garlinghouse had outlined his checklist for the Trump administration’s first 100 days in office. First, he stated that Trump should fire Gensler on Day 1, just as promised.
In Gensler’s place, Garlinghouse recommended that the president-elect appoint either Christopher Giancarlo or Robinhood CLO Dan Gallagher, as they will be “massive upgrades” in rebuilding the rule of law at the SEC. Galaxy CEO Mike Novogratz also recently mentioned pro-crypto US SEC commissioner Hester Peirce as one of those who could also replace Gensler.
The Ripple CEO also asked Trump to get the US Congress to move the digital asset market structure bill forward in the Senate. Lastly, he asked if they could get some clarity for Ethereum, similar to that of Bitcoin and XRP since they are recognized as non-securities.
While Brad Garlinghouse didn’t endorse any candidate, Ripple CLO Stuart Alderoty and Ripple co-founder Chris Larsen made their stance known through donations. The Ripple CLO donated $300,000 to the Donald Trump campaign, while Larsen donated up to $11 million to Kamala Harris’ campaign.
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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