Altcoin
Nervos Network Up 83% in 7 Days Mpeppe Holders Add More Profits Before Increase to $0.00235
The cryptocurrency market has been filled with surprises in recent weeks, and two tokens have been standing out from the pack: Nervos Network (CKB) and Mpeppe (MPEPE). While the market sentiment for most altcoins has been bearish, Nervos Network (CKB) has experienced an impressive 83% increase in just seven days, putting it on the radar of investors looking for high-growth opportunities. Simultaneously, Mpeppe (MPEPE), a memecoin with a focus on decentralized gambling, has been steadily increasing its user base and value, positioning itself for a sharp rise to $0.00235.
Let’s take a deeper look at how Nervos Network (CKB) and Mpeppe (MPEPE) are defying the bearish trend and why both tokens should be on your watchlist.
Nervos Network (CKB) on the Rise
Nervos Network (CKB) has been gaining substantial traction over the past week, with its price surging by over 83%. This growth can be attributed to a mix of technical upgrades and renewed market confidence in its underlying technology. The Nervos Network (CKB), with its focus on providing interoperability between different blockchains, has captured the attention of developers and investors alike.
Despite Bitcoin’s recent price correction, Nervos Network (CKB) has shown resilience. The token price found a solid bottom in early August 2024, and since then, it has steadily increased, with a notable 210% rise in value since August 5th. Nervos Network (CKB) native token, CKB, now sits around 16 cents, with analysts predicting that it could break through its next resistance level, potentially reaching as high as 25 to 36 cents in the coming weeks.
Why Nervos Network’s Surge Is Just the Beginning
Several factors suggest that Nervos Network’s (CKB) recent rally is more than just a short-term spike. The Relative Strength Index (RSI) on the daily chart shows that CKB is currently in an overbought state, signaling potential for a short-term pullback. However, the Moving Average Convergence Divergence (MACD) indicator remains bullish, suggesting that the momentum could continue to push the price higher. Moreover, the network’s growing utility and developer ecosystem make it an attractive investment option for those looking for long-term growth.
Mpeppe (MPEPE): Ready for a Surge
While Nervos Network (CKB) is dominating the charts with its recent gains, Mpeppe (MPEPE) is quietly positioning itself as a rising star in the memecoin space. Mpeppe (MPEPE), a decentralized gambling token, has been steadily building its user base and preparing for a significant price increase to $0.00235.
The unique combination of entertainment and decentralized finance has given Mpeppe (MPEPE) a competitive edge in a crowded market. The token allows users to participate in decentralized gambling activities while benefiting from the transparency and security of blockchain technology. Mpeppe (MPEPE)’s price has remained stable during the recent market downturn, and analysts believe that this stability could be a sign of an impending surge.
Why Mpeppe Is Gaining Attention
As Mpeppe (MPEPE) continues to gain traction, investors are starting to take notice of its potential. The decentralized gambling market is projected to grow exponentially in the coming years, and Mpeppe (MPEPE)’s early entry into this space gives it a first-mover advantage. The token’s presale has already garnered significant attention, and with predictions of up to 150x returns, early investors are set to benefit the most.
One of the key factors driving interest in Mpeppe (MPEPE) is its unique approach to decentralized gambling. Unlike traditional gambling platforms, which often come with high fees and lack transparency, Mpeppe (MPEPE) offers a fully decentralized experience, allowing users to gamble in a secure and fair environment. This, combined with the memecoin’s strong community support, makes Mpeppe (MPEPE) a standout in a market that is often dominated by hype-driven projects.
How Nervos Network and Mpeppe Complement Each Other
Nervos Network (CKB) and Mpeppe (MPEPE) operate in different sectors of the cryptocurrency market, they complement each other in an investor’s portfolio. Nervos Network, with its focus on interoperability and blockchain scalability, offers a more stable, technology-driven investment. Its recent price surge is a testament to its growing importance in the blockchain ecosystem.
On the other hand, Mpeppe (MPEPE) represents a high-reward opportunity for those looking to capitalize on the booming decentralized gambling market. With its unique use case and growing community, Mpeppe (MPEPE) offers the potential for massive returns, making it an ideal addition to a portfolio that already includes investments like Nervos Network.
Final Thoughts
As we head into the final quarter of 2024, both Nervos Network (CKB) and Mpeppe (MPEPE) are well-positioned to deliver impressive returns for investors. Nervos Network’s strong technical foundation and recent price surge make it an attractive option for those looking for a more stable investment with significant upside potential. Meanwhile, Mpeppe (MPEPE)’s focus on decentralized gambling and its potential for 150x returns make it a compelling choice for investors looking for high-reward opportunities.
For more information on the Mpeppe (MPEPPE) Presale:
Visit Mpeppe (MPEPPE)
Join and become a community member:
https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
Altcoin
VTHO Price Rockets 300% As Binance Reveals Support For VeThor Token
VTHO price has skyrocketed 300% after Binance announced its support for VeThor Token. Simultaneously, the token’s trading volume also surged by an astonishing 86,000%, reaching $3 billion. This massive rally reflects the strong influence of the top crypto exchanges in the market and how the listing or any other positive developments impact the sentiments.
Notably, VTHO token is used as gas within the VeChainThor ecosystem, further driving the market’s enthusiasm.
VTHO Price Surge After Binance Announces Listing of Perpetual Contract
On January 22, Binance listing announcement showed that the exchange plans to list VTHOUSDT perpetual contract on its futures platform, offering a maximum leverage of 75x. This new trading option has caught the attention of traders, contributing to a massive spike in VTHO’s trading volume.
Meanwhile, VTHO is the secondary token in the VeChainThor ecosystem, primarily used as the gas for transactions within the network. This listing expands Binance’s support for the VeChainThor blockchain, enabling users to trade VTHO with increased leverage. The contract’s capped funding rate is set at +2.00% / -2.00%, with funding fees settled every four hours, giving traders more flexibility.
Notably, the 75x leverage allows traders to maximize their exposure to VTHO price movements, further intensifying the market’s focus on the VeThor Token. The move by the top crypto exchange to offer such high leverage and favorable funding rates is a clear indication of its confidence in VTHO’s potential.
Binance’s Multi-Assets Mode and Trading Rules
Binance’s Multi-Assets Mode allows users to trade the VeThor token perpetual contract across multiple margin assets. This feature enables traders to use other cryptocurrencies, such as BTC, as collateral when trading VTHO contracts.
Multi-Assets Mode supports greater flexibility, giving users the ability to diversify their margin options for more efficient trading strategies. Recently, Binance expanded support for TRUMP and several other tokens, fueling optimism about future price movements.
The rules for Multi-Assets Mode include applicable haircuts on collateral, ensuring the safety of user assets. It is particularly useful for those who hold large amounts of various cryptocurrencies and wish to leverage them for high-leverage trading opportunities.
VeChain and VTHO Price Surge
VeChain (VET), the blockchain powering VTHO, has experienced notable growth, rising by 11% in the past 24 hours. VET price now trades at $0.05, and its market cap has reached $4.06 billion. This rise is attributed to VeChain’s increasing adoption and its partnerships with major corporations, including Walmart China and BMW.
VTHO price today jumped 320% and exchanged hands at $0.0087, indicating a growing interest in the VeChainThor ecosystem. With a market cap of $744 million, VTHO has seen an 86,000% increase in trading volume, reaching $3.11 billion. As the blockchain industry continues to innovate, VeChain’s supply chain solutions and VTHO’s integral role are poised for continued success.
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
Shiba Inu Burn Rate Spikes 600% Indicating SHIB Breakout Ahead
In what comes as a bullish market event, the Shiba Inu burn rate skyrocketed 600% on Wednesday, sparking immense optimism among traders amid a broader sector recovery. Recent burn data indicated that over 3 million tokens were taken out of the meme coin’s circulating supply. As an upshot, crypto enthusiasts expect a massive SHIB breakout ahead, driven by supply reduction and the community’s recent advancements.
Shiba Inu Burn Rate Blows Over 600% Echoing Bullish Market Sentiments
According to the latest data by Shibburn, the Shiba Inu burn rate shot up nearly 613% on January 22, dealing a massive blow to the circulating supply. Per the data, the massive burn rate surge came against the backdrop of 3.24 million tokens sent to a null address, thus permanently removing them from the supply.
For context, the SHIB burn mechanism is designed to reduce the crypto’s market supply, which many believe to be the reason behind the dog-themed meme coin’s broader sluggish performance. Thereby, with the abovementioned burn rate surge weighing in, traders and investors anticipate price gains for the crypto asset in light of the law of supply and demand.
Community Developments Add To Market Optimism
Further, a stockpile of ecosystem developments in recent days appears to have additionally bolstered the market sentiment for Shiba Inu amid its burn rate surge. CoinGape reported that SHIB lead developer Shytoshi Kusama stated a “big week” lies ahead for the meme token. This statement has sparked market-wide speculations of a looming advancement for the coin’s community.
Moreover, with American billionaire and investor Mark Cuban lauding SHIB’s potential recently, market watchers are extensively eyeing the crypto with bullish long-term views. Particularly in light of the community’s long-term goals and support, Cuban finds the meme coin to be one of the few promising projects in the sector. Overall, the Shiba Inu burn rate surge and these developments have solidified investors’ sentiments of a looming breakout, further driven by the recent pro-crypto Donald Trump frenzy.
What’s Next For SHIB?
At the time of reporting, SHIB price witnessed a 4% uptick in value, reaching $0.00002054. The coin’s 24-hour low and high were $0.00001983 and $0.00002127, respectively.
Notably, the coin rises alongside the intraday Shiba Inu burn rate surge and positive market sentiments building against the backdrop of Trump’s win and meme coin sector recovery. After a waning action yesterday, DOGE, PEPE, and TRUMP, among other meme coins, witnessed a remarkable upswing.
In light of this recovery-like trend, crypto enthusiast ‘VipRoseTr’ revealed on X that a $0.00004029 price target is ahead for the asset. Also, a recent Shiba Inu price analysis by CoinGape further cements the chances of a breakout approaching, as the coin showcases the potential to gain 100x this year.
This bullish prediction comes riding the back of strong market technicals and price patterns, flagging that a potential run to $0.00003340, followed by the March 4 high of $0.0000455, is possible. However, the $0.00001565 support remains extensively eyed by market watchers, given the crypto realm’s dynamic nature.
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
World Liberty Financial On Tron Buying Spree, 100% TRX Price Rally Ahead?
Donald Trump’s DeFi project World Liberty Financial is on a Tron buying spree after loading up on Ethereum earlier this week. In the last few hours, the project spent a total of $2.65 million USDT stablecoin to load up its TRX holdings. As a result, the TRX price is seeing a strong 5.76% surge amid fresh buying interest for the altcoin.
World Liberty Financial Accumulates Tron (TRX)
World Liberty Financial, the Donald Trump-owned DeFi project, has been aggressively expanding its crypto holdings with fresh Tron purchases. Data from Arkham Intelligence shows that the project has recently spent 2.65M USDT to acquire 10.81M TRX.
Following the current acquisition, the DeFi project holds a total of 30.11M $TRX, valued at $7.38M. The latest purchase by the DeFi project comes following massive Ethereum purchases earlier this week.
Additionally, on-chain data shows that World Liberty swapped 5,252 ETH, worth 17.43M, for stETH, and later staked it with Lido Finance. Over the past three days, the fund has invested a total of $168.4M in six tokens.
This includes $99.95M in Ethereum, $47M of WBTC, $7.35M in Tron (TRX), and another $4.7M each in AAVE, ENA, and LINK. Interestingly, World Liberty Financial has increased its positions in every token except ONDO, reported Spot on Chain.
Justin Sun Celebrates the Development
Tron founder Justin Sun celebrated this development while making big investment promises moving ahead. In his message on the X platform, Sun noted:
“Bought again! TRON has now become the 3rd largest asset held by World Liberty Financial, the president’s crypto project, with a current holding of $7.3 million TRX”.
Furthermore, Sun made big investment promises while commenting on Eric Trump’s post. Earlier today, Eric Trump noted that there’s no better time to invest in the United States and invest across sectors like technology, innovation, and crypto. Responding to this Sun said:
“Fully agreed! We have an outstanding plan that will bring over $200 billion worth of business to the United States. This will be massive and meaningful!”
Tron founder Justin Sun is himself one of the early investors in World Liberty Financial. Earlier this week, he expanded his investments into the DeFi project by acquiring WLFI tokens and taking total investments to $75 million.
TRX Price to Rally 100% From Here?
As of press time, the Tron price is trading 5.7% up at $0.251. As per the Coinglass data, the Tron futures open interest is up 14% to $258 million hinting bullish sentiment among traders.
The TRX price has been trading within a broad descending channel for the past several weeks, following a sharp rally to $0.45 in December. This price action has resulted in several swing highs and lows, indicating a battle between buyers and sellers.
On the RSI, there is a hint of a potential bullish divergence. A falling wedge pattern is emerging, suggesting a possible upside breakout. Additionally, Fibonacci retracement levels point to a potential move toward $0.30 at the 0.50 RSI level and $0.33 at the 0.382 RSI level. In his recent analysis, crypto analyst AMCrypto stated that the TRX price could reach as high as $0.50 by the end of Q1.
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.
-
Regulation16 hours ago
Acting SEC Chair Uyeda announces new crypto task force
-
Regulation18 hours ago
Tether’s market capitalisation slips as MiCA regulations kick in
-
Ethereum11 hours ago
ETH breaks $3,900 as Bitcoin spikes past $103k
-
Regulation14 hours ago
Turkey rolls out new crypto AML regulations
-
Blockchain18 hours ago
Jordan Adopts Blockchain Policy To Propel Government Into The Future
-
Regulation10 hours ago
Bitpanda becomes first European firm to secure Dubai VARA in-principle approval
-
Market7 hours ago
Weekly Price Analysis: Bitcoin Remains Rangebound while Altcoins Fly
-
Ethereum14 hours ago
Ethereum ETFs inflows surge as Bitcoin ETFs see major outflows
✓ Share: