Altcoin
Pepecoin Whale Holders Add Mpeppe Casino To Holdings As MPEPE Presale Prepares For Launch
In the volatile world of cryptocurrency, trends shift rapidly, and investors must constantly be on the lookout for the next big opportunity. Recently, Pepecoin (PEPE) whale holders have started diversifying their portfolios, adding the upcoming Mpeppe (MPEPE) casino token to their holdings as its presale gains momentum. This strategic move comes at a time when Pepecoin is facing significant challenges, while Mpeppe is positioning itself as a strong contender in the GambleFi sector.
Pepecoin (PEPE) Faces Strong Decline
Pepecoin (PEPE) has been a major player in the meme coin market, but recent months have been tough for the token. Since it’s all-time high in late May, Pepecoin has lost over 60% of its market capitalization, dropping from a staggering $7.24 billion to just $2.83 billion today. The bearish sentiment surrounding Pepecoin is clear, with technical indicators like the MACD showing a strong sell signal, and the coin’s chart reflecting a well-established downtrend.
Pepecoin’s struggles come at a time when the broader cryptocurrency market is also under pressure, with Bitcoin and Ethereum both seeing declines of over 4% and 6%, respectively. This has left many Pepecoin holders reevaluating their positions and looking for alternative investments to capitalize on new growth opportunities.
Mpeppe (MPEPE) Presale Gains Traction
Amidst the challenges faced by Pepecoin (PEPE), Mpeppe (MPEPE) is emerging as a new favorite among meme coin investors. The Mpeppe casino token, currently in its presale phase, has already raised nearly $2 million, with over 67% of its tokens sold. Early investors are flocking to Mpeppe due to its low presale price of just $0.0021 USDT, which offers significant upside potential as the project prepares for its official launch.
Mpeppe (MPEPE) is tapping into the growing GambleFi trend, offering a decentralized casino experience with high potential returns for players and investors. The platform’s unique combination of online gaming and cryptocurrency is expected to capture a significant share of the fast-growing online gambling market, which is projected to reach over $150 billion by 2028.
With its next presale stage set to increase the price to $0.00235 USDT, investors are keen to lock in their positions before the price rises, and Mpeppe continues to gain traction among those seeking high-risk, high-reward opportunities.
Why Pepecoin Whales Are Eyeing Mpeppe
Despite Pepecoin’s (PEPE) current decline, many whale holders are looking to diversify into projects that offer higher potential for growth. Mpeppe (MPEPE) presents an ideal opportunity for these investors to hedge against Pepecoin’s downtrend while still staying within the meme coin ecosystem.
One key reason for the shift is Mpeppe (MPEPE) focus on the casino sector, which has proven to be a lucrative space for blockchain-based projects. The GambleFi model offers a fresh take on decentralized finance by integrating gaming elements, allowing users to earn rewards while participating in various casino games. This unique value proposition is drawing in early adopters and whale investors alike.
Moreover, Mpeppe (MPEPE) upcoming launch is generating significant buzz, with many predicting that the token could see explosive growth once it hits the market. With potential gains as high as 1100x, Mpeppe offers a stark contrast to Pepecoin (PEPE), which is currently struggling to regain its footing in a bearish market.
What’s Next for Pepecoin and Mpeppe?
As Pepecoin (PEPE) continues to battle a bearish outlook, investors are keeping a close eye on its technical indicators. The coin’s chart suggests further downside, with support levels potentially breaking and the MACD sell signal remaining strong. However, there’s still hope among some analysts that Pepecoin could see a rebound if market conditions improve.
On the other hand, Mpeppe’s (MPEPE) future looks bright as it prepares for its official launch. The GambleFi token is already attracting a diverse group of investors, including whale holders from Pepecoin, who are eager to capitalize on its growth potential. With its presale gaining momentum and the next price increase on the horizon, Mpeppe is poised to become a major player in the meme coin and GambleFi spaces.
In conclusion, while Pepecoin (PEPE) faces significant challenges, its whale holders are wisely diversifying into Mpeppe (MPEPE), which offers a fresh and exciting opportunity for massive returns. As the Mpeppe casino presale prepares for launch, investors who take early positions could be in for substantial gains as the project continues to gain traction in the ever-evolving world of cryptocurrency.
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As Binance’s Vote to List initiative kicks off, the exchange has turned its back on Pi Network for the second time. Binance is proceeding with the decentralized listing program but Pi Network is noticeably absent from the raft of cryptocurrencies.
Pi Network Fails To Make Binance List
Pi Network enthusiasts are in limbo following the absence of the token in Binance’s Vote to List initiative. According to a press release, Binance has opened voting for its second Vote to List initiative.
This time, 12 tokens are up for community voting, with Binance proceeding to spot-list successful tokens. Apart from vote count, Binance says it will consider trading demand, a risk assessment, and a compliance check to decide on tokens that will make the listing.
The selected tokens include VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, and PLUME. While the first focused on memecoin, the second iteration beams a searchlight on utility tokens cutting across several verticals.
Back in March, Binance excluded Pi Network from its first edition of the Vote to List initiative. Binance has clarified that only BNB-based projects will be allowed to participate in the Vote to List initiative, dousing optimism for Pi Network enthusiasts.
When Will Binance List The Asset?
Despite Pi missing out on the Vote to List program, there is still a ray of hope for community members. Binance can list Pi via a direct listing in the future but a timeline is unavailable.
Experts say a lack of transparency by The PiCoreTeam (PCT) is a reason why Binance has not listed Pi Network. Particularly, the exchange took swipes at the PCT for failing to give proper disclosures on the Pi Network’s locking and burning mechanism.
Pi Network secured a major listing on the BTCC Exchange, bringing the token closer to being listed on mainstream exchanges. While a listing hovers on the horizon for Pi, the PCT’s domain auction is gathering steam with over 200,000 bids.
Pi price has been largely underwhelming over the last day, losing nearly 5%. Pi trades at $0.6646 to drop below the $0.7 mark for the first time in over a month.
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.
Following a reserve crisis that hit TrueUSD and Justin Sun’s intervention, First Digital Trust denied claims of insolvency. The Trust, at the center of the fiasco, says it is fully solvent while accusing Sun of sensationalism.
First Digital Trust Refutes Allegations Of Insolvency
First Digital Trust has released a statement debunking allegations of financial impropriety and insolvency. According to the statement, First Digital Trust says it is completely solvent while accusing Justin Sun of falsehood.
The Trust has been at the center of a whirlpool of a liquidity crisis involving TrueUSD (TUSD) with Justin Sun stepping in to stabilize the stablecoin with a capital injection. The Tron founder launched a tirade against the Hong Kong-based trust, accusing it of financial mismanagement including unauthorized trade finance loans.
“The recent allegations by Justin Sun against First Digital Trust are completely false,” read the statement.
The Trust disclosed that its FDUSD stablecoin is solvent and backed by US Treasury Bills. Per the statement, the legal dispute surrounding TUSD has nothing to do with FDUSD, accusing Sun of a smear campaign. First Digital Trust says it has not had the opportunity to defend itself in court, accusing Sun of launching social media attacks.
“This is a typical Justin Sun smear campaign to try to attack a competitor to his business,” added First Digital Trust.
Justin Sun Maintains His Stance
Justin Sun remains firm in his resolve that First Digital Trust is insolvent while urging investors to cut ties with FDUSD. He warns that the Trust founder Vincent Chok will face the full wrath of the justice system.
“First Digital Trust (FDT) is in fact insolvent,” said Sun. “If you have any relationship with it, please cut off contact as soon as possible to protect your assets.”
Following his accusations, FDUSD lost its peg and traded at a low of $0.88, a steep drop before crawling to $0.98. The loss of $130 million from its market capital has rattled investors with critics taking swipes over its de-pegging.
The Tron founder has covered every blade of grass in recent days, buying $75M of the Trump memecoin. Last week, Justin Sun weighed in on TRX’s halving proposal, supporting a proposal to mirror Bitcoin’s pattern.
The stablecoin drama comes as the US is inching toward tighter stablecoin regulation with the GENIUS Act and STABLE Act.
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.
Cardano price has been facing significant price fluctuations recently, with its value hovering around $0.68 as of April 2025. Traders and investors are watching closely to see whether ADA can bounce back to $0.70 or face further declines towards $0.60.
Crypto Market Volatility Drives ADA’s Recent Price Action
Over the past few days, Cardano’s price has seen moderate fluctuations. After dipping to a low of $0.663, ADA price briefly rebounded to reach highs of $0.69. Despite these ups and downs, the cryptocurrency closed on the green side, which points to at least some of the buying pressure.
The price action states that a general bullish trend was seen where most of the cryptocurrencies moved up, then down.
Overall market has remained very unstable and traders have been seen transferring their positions by buying during any falling. Consequently, ADA’s price was able to remain somewhat stable and maintain its position above some important support levels. The 24-hour chart indicates that Cardano’s price is currently sitting just above the $0.68 mark, up by 0.90%. Nevertheless, it is down by about 7.87% in the past week, which hints at poor performance in reversing the downtrend.
ADA Price Support and Resistance Levels to Watch
Traders are paying close attention to ADA’s key support and resistance levels. The nearest support level is $0.63, which, if broken, will imply further decline in the value, or a possible reversal of the trend if the price retests this level.
If Cardano goes below this level, the subsequent level of support may be between $0.60 and $0.61. Any move below $0.63 looks reasonably bearish, and opens the possibility of ADA testing these particular lows.
On the other hand, Cardano must clear its resistance levels to regain bullish momentum. The daily moving averages at $0.73 (200-day moving average) and $0.75 (50-day moving average) are important barriers to watch. As of now, the RSI stands at 46.27, just below the neutral level of 50. An RSI below 50 means that ADA is not yet in a bullish trend, although it could be in the reclaiming process if only the buying pressure rises. At the moment, the MACD Is show a bearish outlook as the MACD line is below the signal line.
However, there are signs of weakening bearish momentum, as the histogram shows increasing green bars. This suggests that while the market is still in a bearish phase, ADA may soon experience a bullish reversal if the MACD crosses into positive territory. Moreover, ADA’s price action also forms a Falling Wedge pattern, which is typically considered a bullish reversal pattern despite the death cross formed ealier today threatening a 25% ADA price dip.
Analyst Outlook for Cardano’s Price Movement
Crypto analysts are mixed in their outlook for Cardano in the short term. Some experts predict that ADA could continue to trade within its established range between $0.63 and $0.75.
However, a breakout above the $0.75 resistance could set the stage for a stronger upward move, with some even setting a target of $1 for the next few weeks. Moreover, according to a TradingView analysis shared, Cardano price has been following an established ascending channel pattern over the years. This pattern has historically led to significant price surges when ADA moved between its upper and lower trendlines. In the past, a similar channel saw ADA rise from $0.20 to over $2.70 in 2021.
The TradingView chart suggests that if ADA continues to follow this pattern, it could see significant upside potential in the long term. Analysts believe ADA might push towards $50.48 by the end of 2025, as it follows this channel’s upward trajectory. Such a move would require continued market optimism and strong demand for ADA.
On the flip side, analysts like Ali Martinez warn that Cardano is at a critical juncture. If ADA fails to reclaim the $0.70 to $0.80 support zone, it could see a deeper correction. Some experts suggest that ADA might test the lower $0.30s, though this scenario would require a more severe breakdown from current levels.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
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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