Altcoin
PEPE Investors Use Recent Profits To Purchase Rival Token Mpeppe Predicted To 1000x
The cryptocurrency world is no stranger to volatility and swift market movements, and recent developments surrounding Pepecoin (PEPE) have only underscored this reality. As PEPE continues to be a hot topic within the crypto community, many of its investors are now eyeing new opportunities to multiply their gains. One such opportunity that has captured significant attention is Mpeppe (MPEPE), a rival token that is predicted to 1000x in value.
Pepecoin’s Meteoric Rise and the Search for New Gains
Pepecoin (PEPE) has been nothing short of a phenomenon in the crypto space. From its humble beginnings as a meme coin, PEPE quickly garnered a dedicated following, leading to impressive gains for early investors. The token’s explosive growth has been fueled by its strong community, viral marketing, and the general appetite for meme-based cryptocurrencies.
However, as with all things in the crypto world, investors are constantly on the lookout for the next big thing. After riding the wave of PEPE’s success, many investors are now sitting on substantial profits. But rather than resting on their laurels, these savvy traders are keen to reinvest their gains into other promising opportunities. Enter Mpeppe (MPEPE), a token that has been making waves with its potential for massive returns.
Why Mpeppe Is Attracting PEPE Investors
Mpeppe (MPEPE) is quickly becoming the talk of the town among those who have profited from Pepecoin (PEPE). Several factors contribute to the growing interest in Mpeppe (MPEPE), positioning it as a strong contender in the meme coin arena.
- Similar Appeal, Enhanced Potential: Mpeppe (MPEPE) shares many similarities with Pepecoin (PEPE) in terms of its meme-based origins and community-driven growth. However, Mpeppe (MPEPE) is designed to go beyond just being a meme coin. With enhanced utility and strategic positioning in the market, Mpeppe (MPEPE) is seen as a more robust investment, capable of delivering even greater returns.
- Predicted 1000x Growth: One of the most compelling reasons for PEPE investors to flock to Mpeppe (MPEPE) is the prediction that the token could 1000x in value. This prediction is not based on mere speculation but is supported by the token’s strong performance in its presale stages, innovative features, and growing community support. For investors who have already enjoyed significant gains from Pepecoin (PEPE), the potential to multiply their wealth further with Mpeppe (MPEPE) is an opportunity too good to pass up.
- Diversification of Profits: Investors who have made substantial profits with Pepecoin (PEPE) are well aware of the importance of diversification in their portfolios. By reinvesting some of their PEPE gains into Mpeppe (MPEPE), they are not only hedging their bets but also positioning themselves to capitalize on another potential crypto success story. This strategic move allows them to maintain exposure to the meme coin market while exploring new avenues for profit.
The Growing Buzz Around Mpeppe
The buzz surrounding Mpeppe (MPEPE) is growing, particularly as more and more PEPE investors take notice. The token’s innovative approach, combined with the community-driven aspects that made Pepecoin (PEPE) successful, is driving increased interest and investment.
Unlike many other meme coins that rely solely on hype, Mpeppe has built a foundation that includes real-world applications and a clear roadmap for growth. This approach has resonated with investors who have already seen what a community-driven token like Pepecoin (PEPE) can achieve.
The Future of PEPE and Mpeppe
As Pepecoin (PEPE) continues to navigate the ups and downs of the crypto market, its investors are increasingly looking to Mpeppe as the next big opportunity. The decision to reinvest PEPE profits into Mpeppe is not just about chasing the next high; it’s a calculated move to maximize returns in a market that rewards early and strategic investments.
With predictions of a 1000x increase in value, Mpeppe is poised to become a major player in the crypto space. For those who have already seen success with Pepecoin (PEPE), Mpeppe represents the next logical step in their investment journey a chance to ride another wave of growth and possibly achieve even greater profits.
Conclusion: A New Chapter for PEPE Investors
The story of Pepecoin (PEPE) is far from over, but for many of its investors, the next chapter involves exploring new opportunities like Mpeppe (MPEPE). By using their recent PEPE profits to invest in Mpeppe, these investors are betting on a token that has the potential to deliver exponential gains. As the crypto market continues to evolve, the strategic moves of these investors could very well set the stage for Mpeppe to become the next big name in the world of meme coins.
For more information on the Mpeppe (MPEPE) Presale:
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Tether, the developer of USDT, has added 8,888 Bitcoins to its holdings valued at around $735 million at the time of the transaction. This latest market move by the popular stablecoin issuer was reported by Arkham.
In a snapshot offered by Arkham on its official website, it revealed that the stablecoin company withdrew 8,888 Bitcoins from Bitfinex, a leading exchange and Tether’s sister company, on Monday.
Source: Arkham
Tether’s latest transaction pushes its Bitcoin holdings to 92,647, valued at $7.7 billion at current market prices. With this latest boost to its crypto holdings, Tether remains one of the biggest Bitcoin holders in the industry.
Tether Slowly Builds Its Bitcoin Reserve
In the last few weeks, Bitcoin was the among the main agenda of US President Donald Trump for a Strategic Bitcoin Reserve (SBR). But last Monday, Tether made its presence felt by adding more Bitcoins to its already huge crypto reserve.
Tether’s crypto reserve is one of the biggest in the business as it’s used to back up its stablecoin, the USDT. Currently, Tether controls over5 60% of the total stablecoins market, with a market cap of $144 billion, compared to a total of $234 billion valuation for the whole stablecoin industry.
Tether’s latest transaction puts it in the big league, making it the sixth biggest holder of Bitcoin. According to Bitcoin Treasuries, Tether is the second-largest private holder of the asset, below Block.one. But if we zoom out and consider other entities and publicly-traded companies, Strategy (formerly MicroStrategy), and the top spot Bitcoin ETFs issuers beat Tether’s holdings.
Commitment To Invest In Bitcoin
Tether’s latest Bitcoin acquisition reflects the company’s commitment to Bitcoin. Interestingly, the company pledged to use a part of its net profit to buy additional Bitcoins. The company committed last May 2023, and stated that it will use 14% of its net profits to buy additional Bitcoins.
Tether’s most recent Bitcoin purchase was 8,404, which was made last December, which pushed its holdings to 83,759.
$1B USDT Into Reserves
Tether’s latest Bitcoin purchase coincided with the minting of fresh tokens. According to on-chain data, the stablecoin company minted $1 billion in tokens on Tron. Tether CEO Paolo Ardoino has confirmed the minting of a new USDT.
According to Ardoino, the minting of new USDT was authorized, but he insisted that this batch is not yet included in the circulation. They added that the newly minted USDT is now part of their inventory and will be used for future issuance requests. Tether has already minted $8 billion tokens on Tron since the start of the year, and recorded $22 billion worth of USDT minted last year.
Featured image from Pixabay, chart from TradingView
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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.
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.”
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.
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.
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.
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.
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