Connect with us

Altcoin

Meme Coin Showdown: Playdoge, Dogecoin, or Mpeppe – Who’s Gaining the Most Whale Traction?

Published

on


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.

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

Altcoin

XRP Price to $27? Expert Predicts Exact Timeline for the Next Massive Surge

Published

on


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.

ImageImage

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.”

ImageImage

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.

✓ Share:

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.





Source link

Continue Reading

Altcoin

Binance Update Sparks 50% Decline For Solana Meme Coin ACT: Details

Published

on


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.

✓ Share:

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.





Source link

Continue Reading

Altcoin

BTC, ETH, XRP, DOGE Fall Following Weak PMI, JOLTS Data

Published

on


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.

✓ Share:

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.





Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io