Altcoin
Pepe Coin Drops A further 11.54% Creating Scarcity Within Crypto Sphere, Analyst Point to Mpeppe to Balance Portfolio
Pepe Coin (PEPE) has been a significant player in the meme coin market since its explosive rise earlier in the year. However, recent performance suggests that PEPE is facing a challenging period as it drops a further 11.54%, creating scarcity within the crypto sphere. This drop has led analysts and investors alike to reconsider their portfolio strategies. Amidst the uncertainty surrounding PEPE, many are turning their attention to a rising star in the meme coin world: Mpeppe (MPEPE).
PEPE’s Price Decline and Market Sentiment
Pepe Coin (PEPE) surged to popularity in early 2024, reaching an all-time high of $0.00001718. The excitement around the token was palpable, with many investors hoping it would continue its upward trajectory. However, as is common in the highly volatile world of meme coins, PEPE’s price soon began to falter.
At the time of writing, PEPE is struggling to maintain momentum and has dropped by 11.54%. This latest decline has brought the token down to its current price level of $0.000007359. The token’s price stagnation over the last 30 days, with only a minimal increase of 1.29%, has frustrated many early investors who had hoped for a quick rebound.
Despite the current challenges, some analysts remain optimistic about PEPE’s future. The established support level at $0.000007359 is seen as critical. If the token manages to hold this support, it could potentially rally back to its $0.00001717 price mark. However, with the overall crypto market facing turbulence and uncertainty, the question remains whether PEPE can sustain any long-term growth.
Mpeppe (MPEPE): A Meme Coin to Watch
While PEPE’s performance has been underwhelming as of late, the rising meme coin Mpeppe (MPEPE) is drawing increasing attention. Investors seeking to balance their portfolios and hedge against PEPE’s potential risks are looking at Mpeppe as an exciting alternative.
Mpeppe (MPEPE) has gained significant traction, particularly due to its casino-focused ecosystem, which appeals to both meme coin enthusiasts and online gaming investors. Unlike many other meme coins that rely purely on hype, Mpeppe is building a utility-driven platform that merges entertainment with crypto investments. This combination of humor and function is proving to be a winning formula.
In its presale, Mpeppe has already raised $1.8 million, with 97% of tokens sold. The presale’s success demonstrates strong community support, and the token has surged by 150% in just a short period. As PEPE struggles to regain footing, Mpeppe’s rapid growth is creating waves in the market, with many anticipating even greater gains post-launch.
Why Mpeppe is Gaining Over PEPE
One of the primary reasons Mpeppe (MPEPE) is standing out is its ability to appeal to investors who are wary of purely speculative meme coins. The online casino industry is a massive market, and Mpeppe is leveraging this by offering users a chance to earn while they engage in entertainment. This practical utility gives Mpeppe a distinct edge over other meme coins like PEPE, which rely heavily on community-driven hype.
Moreover, Mpeppe’s (MPEPE) presale performance has been remarkable. Investors who got in early have already seen substantial returns, and as the presale moves into its final stages, excitement is building for what lies ahead. The Mpeppe community is growing rapidly, and with plans for listing on major exchanges, the token is poised for a potentially meteoric rise once it hits the open market.
Analyst Predictions: Balancing PEPE and Mpeppe
With PEPE showing signs of stagnation, analysts are advising investors to consider diversifying their meme coin holdings. PEPE’s established community and market presence make it a solid option for those who are willing to take on some risk in the hopes of a rebound. However, for those looking to balance their portfolios and reduce exposure to the volatility surrounding PEPE, Mpeppe is emerging as an ideal alternative.
The growing scarcity of PEPE, driven by the recent price drop, has made it more challenging for new investors to enter the market at attractive price points. On the other hand, Mpeppe’s current presale offers an opportunity for early adopters to get in before the token reaches the exchanges, potentially capitalizing on future gains.
With both tokens operating within the meme coin space, investors are weighing their options carefully. While PEPE may still have room for a rebound, the momentum behind Mpeppe (MPEPE) suggests that it could offer a more reliable path to growth in the short term.
Conclusion: Mpeppe Shines as PEPE Struggles
As Pepecoin (PEPE) faces an uncertain future following its 11.54% drop, investors are increasingly turning to Mpeppe (MPEPE) as a safer bet within the meme coin market. Mpeppe’s casino-focused platform, coupled with its strong presale performance, makes it an appealing choice for those looking to balance their portfolios amidst the volatility.
While PEPE has the potential to rebound, Mpeppe’s unique offering and rapid growth make it a standout in the meme coin space. As the presale continues to gain traction and Mpeppe prepares for its launch, it’s clear that this meme coin is one to watch closely in the coming months.
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While investors are scanning the horizon for a short-term Solana (SOL) rally, cryptocurrency expert CryptoCurb is predicting an ultra-bullish price movement. CryptoCurb argues that a Solana price of $2,000 is “absolutely realistic” given the current fundamentals and on-chain indicators.
Solana Price To $2,000 Is A Realistic Projection
Pseudonymous cryptocurrency analyst CryptoCurb is predicting a massive growth spurt for Solana in the near future. In an X post, the expert says the Solana price can achieve a valuation of $2,000 given its impressive network metrics.
He hinges his projection on several factors, including Ethereum’s previous price performance. Ethereum price spiked to a $600 billion market capitalization during the last cycle with its steep fees and scalability issues.
A $2K SOL price will translate to a $1 trillion market capitalization that will see it flip Ethereum as the largest altcoin. CryptoCurb notes that if Ethereum can post impressive figures during the last cycle, Solana has the capabilities to be valued at $2,000.
“2K is absolutely realistic if Solana keeps its global adoption pace with minimal disruptions and continues to scale,” said CryptoCurb.
Rising network inflows are expected to send the Solana price on a short-term rally to $150 before a big push to $2K. Currently, the Solana price is pegged at $140 with a market capitalization of $72.6 billion, making CryptoCurb’s prediction an uphill climb.
A Wave Of Impressive Metrics Around SOL
While CryptoCurb did not disclose an exact timeline for his $2,000 prediction, he points to a short-term seismic price increase. The expert his backing his predictions with a swathe of network metrics pointing to fresh bullishness.
Solana has the highest number of active addresses over the last seven days at 28.4 million. The network led the pack for transactions at 369 million, trouncing Tron, BNB Chain, Base, and Bitcoin.
Solana is finding application in several Web 3 verticals given its speed, low cost, and scalability. In the last week, the Solana price has risen by nearly 7% while 24-hour trade volume has risen by 36%.
Last week, Canada launched the first SOL ETF with prices projected to surpass $250, reversing a forming death cross. Solana open interest crossed 5.5 billion, climbing by 10% amid rising whale activity in the ecosystem.
Rising bullish metrics for the network suggest that SOL will reach $200 before ETH reclaims $3,000.
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.
Crypto expert PiMigrate recently predicted that the Pi Network price could reach a new all-time high (ATH) of $5. This comes amid recent whale movements, with these investors moving 41 million Pi Coins off exchanges.
Expert Predicts Pi Network To Reach $5
In an X post, PiMigrate stated that Pi Network’s journey to $5 has just begun. He remarked that the altcoin has very strong support at $0.6. As such, the expert believes that this $5 price target is a “very possible valuation.” PiMigrate added that good utilities will push the altcoin to this target.
Another expert, Moon Jeff, also predicted that the Pi Coin price can reach this $5 target. In an X post, the expert concluded that the altcoin can reach this price target following his analysis.
He alluded to his accompanying chart, which he described as being bullish, indicating that the Pi Network price can indeed reach this $5 target. The chart also showed that the altcoin has formed a strong support level at its current price.
Crypto analyst Xia also recently claimed that the Pi Coin’s momentum is building fast after it surged past the $0.63 mark with strong volume. She also noted that the RSI and MACD are turning bullish for the altcoin.
This bullish outlook for the Pi Coin comes amid recent huge whale accumulation. A Pi community page revealed that these investors moved a whopping 41 million coins (around $27 million) off exchanges in 48 hours. Specifically, these whales moved over 13 million Pi Coins from OKX to several wallets. This presents a bullish outlook for the coin since exchange supply is declining.
Pi Needs To Reclaim This Symmetrical Triangle
While analyzing the Pi Network’s price on the higher timeframe, analyst Alpha Crypto stated that the altcoin needs to reclaim its symmetrical triangle to resume its upward move.
The analyst remarked that once Pi reclaims this structure, market participants can look for a potential long setup. He added that on the flipside, if the price falls outside the triangle, it could open up a short opportunity. Alpha Crypto urged traders to wait for confirmation rather than rushing.
From a fundamentals perspective, top exchange listings could send the Pi Coin price higher. CoinGape recently reported that top exchange HTX had fueled listing speculations with a cryptic post on its X platform. Meanwhile, Pi community members remain hopeful that Binance will soon list the altcoin.
These community members will have their eyes on the Consensus 2025 conference, where Pi Network founder Nicolas Kokkalis will allegedly join an exclusive list of industry players to speak at the event.
Expert Dr. Altcoin described the event as a pivotal moment for Pi Network, as it will provide an opportunity for the Pi team to promote the network’s ecosystem.
At the time of writing, the Pi Coin price is trading at around $0.63, down almost 3% in the last 24 hours. Trading volume is also down over 36%, with $96.34 million traded during this period.
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.
Dogecoin investors have high faith in the future of the meme currency despite its recent price fall, market data showed, Tuesday.
Dogecoin fell to $0.153 as of April 16 after its price reached a high of $0.168 on April 13, down by 3% in the last 24 hours. This is after the recent price hike following US President Trump’s tariff halt declaration on certain countries on April 10.
Long Positions Dominate Market Activity
The mood among traders on Binance is firmly bullish for the future prospects of Dogecoin. Data from Coinglass show that over 74% of trading accounts have long positions in the cryptocurrency, while only 25% going short. This places the long-to-short account ratio at 2.90, proving widespread optimism among traders.
Long positions increased quickly on April 12, which shows that investors expect Dogecoin to bounce back from its present correction period. They are willing to pay premiums to maintain their positions, as evidenced by positive OI-weighted funding rate signals that have remained above zero since April 7.
Long|Short DOGE by accounts. Source: Coinglass
Holder Patterns Indicate Diversified Strategies
IntoTheBlock statistics reveal substantial shifts in the manner by which people are holding Dogecoin. Investors holding DOGE for over a year increased by marginally 0.13%. These types of “hodlers” as they are called within cryptocurrency forums constitute a solid support base for the currency.
Source: IntoTheBlock
In the meantime, mid-term holders (holders of DOGE for one to 12 months) decreased by 2.50%. Short-term traders experienced the largest increase, with addresses holding for less than 30 days rising by 109%. This new trader surge reflects increasing demand for quick profit from Dogecoin price action.
Technical Analysis Points To Future Price Directions
One TradingView account, FuaCompany, has plotted Dogecoin’s movement in what analysts call a rising channel. On the basis of this trend, two general scenarios for Dogecoin’s future price are on offer.
The first scenario shows Dogecoin rebounding from the lower edge of this channel and continuing to trend upwards. This would comply with what occurred before when the price rebounded back from $0.05 to higher levels.
The second scenario entails a temporary drop below the bottom line of the channel, plunging to around $0.08 before surging higher, both scenarios ultimately carrying long term bullish signals, with some projections estimating Dogecoin to even reach $0.70.
Weekly Performance Still Positive Despite Slump
Despite the recent slump, Dogecoin is still positive overall on the week. In fact, the cryptocurrency has shown quite a hefty rise-on-week for about 7.40% during the past week in spite of that dip.
DOGE price up in the last week. Source: CoinMarketCap
The price started off in early April with an initial volatility before strengthening with the Presidential Tariff declaration by Trump. Following the monthly peak on April 13, reaching 0.168, Dogecoin encountered what traders know to be a consolidation phase, where prices continue to trend sideways while forming in preparation for another move.
According to market observers, this pattern of gains and then consolidation is typical in cryptocurrency markets. The strong level of long positions shows most traders view the current price drop as just a temporary hiccup and not the start of a larger bearish trend.
Featured image from CoinFlip, chart from TradingView
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