Altcoin
Shiba Inu Investors Now Hold This New Cryptocurrency That Positioned To 1000x
Shiba Inu (SHIB) has had a remarkable journey in the cryptocurrency market, capturing the imagination of investors with its meteoric rise. However, recent trends have shown a more volatile and challenging path for the once high-flying meme coin. Despite increased token burns, which surged by 2,400% in the last 24 hours, the price of SHIB has fallen to $0.00001579, marking a 4% decline over the past week. This has led to growing concerns among investors about the token’s ability to reach the coveted $1 mark.
Shiba Inu’s (SHIB) Current Market Position
Shiba Inu (SHIB) remains a significant player in the meme coin market, with a substantial community and market presence. However, the token’s recent performance has been less than stellar, leading many to question its long-term viability. The current price struggles highlight the inherent volatility and unpredictability of the crypto market. Investors who once held high hopes for SHIB are now looking for alternative investments that promise more stability and potential for growth.
Enter Mpeppe (MPEPE): The New Contender
In light of Shiba Inu’s (SHIB) recent downturn, a new cryptocurrency is gaining traction among investors: Mpeppe (MPEPE). Currently in Stage 2 of its presale, Mpeppe is trading at 0.00107 USDT per token, with nearly 75% of the tokens already sold, raising an impressive $589,695. This rapid uptake reflects strong investor confidence and excitement about Mpeppe’s potential to deliver significant returns.
Why Mpeppe (MPEPE) is Gaining Attention
Mpeppe (MPEPE) is not just another meme coin; it offers tangible utility through its integration with decentralized finance (DeFi) and gaming platforms. This dual focus provides real-world applications and value, setting it apart from many speculative assets in the crypto space. The unique blend of entertainment and practical use makes Mpeppe an attractive option for investors seeking both enjoyment and profit.
Shiba Inu (SHIB) vs. Mpeppe (MPEPE): A Comparative Analysis
While Shiba Inu (SHIB) continues to grapple with market volatility, Mpeppe (MPEPE) is steadily gaining ground. The recent struggles of SHIB, including significant price drops and investor concerns, contrast sharply with Mpeppe’s promising start. Analysts predict that Mpeppe has the potential to 1000x, driven by its innovative approach and strong community support.
Market Shifts: From SHIB to MPEPE
The shift in investor sentiment from Shiba Inu (SHIB) to Mpeppe (MPEPE) is indicative of the broader trends in the cryptocurrency market. As investors seek more stable and promising opportunities, new tokens like Mpeppe are emerging as viable alternatives. This shift highlights the importance of innovation and practical utility in gaining investor trust and driving market success.
Looking Ahead: The Future of Mpeppe (MPEPE) and Shiba Inu (SHIB)
The future of Shiba Inu (SHIB) remains uncertain, with the token needing to navigate significant market challenges to regain its former glory. In contrast, Mpeppe (MPEPE) is poised for substantial growth, with its current presale success and practical applications setting the stage for a promising future. Investors looking for high returns and innovative solutions should consider adding Mpeppe to their portfolios.
Conclusion: Diversifying with Mpeppe (MPEPE) and Shiba Inu (SHIB)
In the dynamic world of cryptocurrencies, diversification is key to managing risk and maximizing returns. While Shiba Inu (SHIB) offers a well-established market presence, Mpeppe (MPEPE) brings innovation and practical utility to the table. Together, they represent a balanced approach to investing in the ever-evolving crypto landscape.
For those interested in exploring Mpeppe (MPEPE), the smart contract address is 0xd328a1C97e9b6b3Afd42eAf535bcB55A85cDcA7B. As always, conducting thorough research and considering the risks is essential before making any investment decisions.
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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.
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.
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.
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