Altcoin
Solana Rival Completes 93% Presale in Weeks, Analyst Data Showcases $2 Before September End
Recently, Mpeppe (MPEPE), rapidly advances its presale, leaving established players like Solana (SOL) in the dust. With its presale stage 3 already 93% complete in just a matter of weeks, Mpeppe (MPEPE) is proving to be a serious rival to Solana (SOL), which has long been a favorite among investors and developers alike. Analysts are now predicting that Mpeppe (MPEPE) could hit the $2 mark before the end of September, a testament to its growing popularity and potential.
Solana’s Resilience Amidst Market Fluctuations
Despite the broader crypto market experiencing significant outflows, Solana (SOL) has managed to buck the trend, drawing in substantial investments into its digital asset products. According to recent data from CoinShares, while the overall market saw net outflows of $305 million, Solana-based exchange-traded products (ETPs) attracted over $7.6 million in new investments. This influx comes at a time when both Bitcoin and Ethereum witnessed significant withdrawals, with Bitcoin alone accounting for $319 million in outflows.
This resilience is particularly noteworthy given the challenges facing the market. While Bitcoin and Ethereum struggled, Solana (SOL) remained an attractive option for investors, underscoring its strong fundamentals and the confidence that the market has in its future prospects.
Mpeppe’s Meteoric Rise
As Solana (SOL) continues to hold its ground, Mpeppe (MPEPE) is quickly emerging as a formidable competitor. The presale of Mpeppe (MPEPE) has garnered massive attention, achieving a 93% completion rate within stage 3 in just a few weeks. This rapid progress has caught the eye of crypto whales and investors, many of whom are now shifting their focus from established tokens like Solana to this new and exciting project.
Analysts are particularly bullish on Mpeppe (MPEPE)’s potential, with predictions that the token could reach $2 before the end of September. This would represent a significant return for early investors and further solidify Mpeppe (MPEPE)’s status as one of the most promising new tokens on the market.
Solana’s Continued Popularity
While Mpeppe (MPEPE) is making headlines, Solana (SOL) continues to be a major player in the crypto world. The platform’s ability to process over 65,000 transactions per second, coupled with its low fees, has made it a preferred choice for developers of decentralized applications (dApps) and institutional investors.
Despite some recent price fluctuations, Solana (SOL) has managed to maintain strong support levels, with the SOL price testing the $127 support before bouncing back to the $130 range. This stability, even in the face of market volatility, highlights Solana (SOL)’s robustness and the trust that investors place in the platform.
The Future of Mpeppe and Solana
As we move further into September, all eyes will be on Mpeppe (MPEPE) and Solana (SOL). Mpeppe (MPEPE)’s rapid presale success and the potential for massive gains have made it a hot topic among investors, while Solana (SOL)’s continued resilience and strong technical foundation ensure that it remains a major player in the crypto space.
The coming weeks will be crucial for both tokens. For Mpeppe (MPEPE), reaching the $2 mark would be a significant milestone, validating the excitement and optimism surrounding the project. For Solana (SOL), maintaining its current momentum and continuing to attract investment will be key to its long-term success.
Conclusion
Mpeppe (MPEPE) is quickly proving to be a formidable rival to Solana (SOL), with its presale nearing completion at a rapid pace and analysts predicting significant price increases in the near future. While Solana (SOL) continues to hold strong, attracting substantial inflows even amidst market turbulence, Mpeppe (MPEPE)’s rise signals a shift in investor focus toward new and promising projects. As the crypto market continues to evolve, both Mpeppe (MPEPE) and Solana (SOL) are well-positioned to be major players in the future of digital assets.
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
Crypto analyst CasiTrades has provided a roadmap for the XRP price, revealing what could happen before the altcoin reaches a new all-time high (ATH). Based on her analysis, XRP could still witness a price decline before it potentially rallies past its current ATH of $3.4.
XRP Price Could Drop To $1.9 Before Rally To New Highs
In an X post, CasiTrades stated that in the event of a deeper flush, the XRP price could wick down to $1.90, suggesting that the altcoin could visit this low before it rallies to new highs. She believes XRP will ideally hold above this $1.90 and avoid dropping to new lows.
The crypto expert noted that the next move is critical. She claimed that if XRP gets that flush with bullish RSI divergence, it could mark the bottom before the altcoin rockets into Wave 3. However, CasiTrades warned that a break below $1.90 could force a reset of the entire new trend count.
Meanwhile, there is still the possibility that the XRP price might not drop to as low as $1.90. CasiTrades stated that $1.95 is the prime target, with subwaves heavily aligning there and a drop to $1.90 only likely to occur in the event of a deeper flush.
It is worth mentioning that US President Donald Trump recently announced reciprocal tariffs on all countries, a move which is set to ignite a global trade war and is bearish for XRP and the broader crypto market. As such, this development could be what sparks the deeper flush and send the altcoin to as low as $1.90.
A Drop To $1.4 Is Also The Cards
In an X post, crypto analyst Brandon asserted that the XRP price is about to have a massive breakout, to the downside. His accompanying chart showed that XRP could drop to as low as $1.4.
On the other hand, crypto analysts such as Ali Martinez have provided a bullish outlook for the XRP price. In an X post, he stated that XRP could be setting up for a rebound. The analyst further remarked that the altcoin is holding above $2 while the TD Sequential flashes a buy signal.
Crypto analyst Javon Marks also recently predicted that Ripple’s coin could surge 44x and reach as high as $99. He alluded to the 2017 bull run as the reason why he is confident that the altcoin could record such a parabolic rally.
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.
Shiba Inu price is on a strong bearish trend, with price indicators recording losses in all time frames. The highly popular meme token now threatens to add an additional zero to its value if the current bear run continues for much longer. Even with Shibarium, SHIB’s layer-2, reaching the milestone of 1 billion transactions recently, the token’s price has not responded positively to this milestone.
Falling Shiba Inu Price Affects Holder Profitability
According to current data, SHIB is down 4.6% in the past 24 hours, 14.7% over seven days and a substantial 54.9% over the past year.
The current context for the SHIB price appears tough for the majority of investors. Based on on-chain analytics, 62% of SHIB investors are at the moment in a loss, while merely 34% are in profit and 4% are breaking even as per IntoTheBlock data.
SHIB has fallen 85.9% from its all-time high of $0.00008616 on October 28, 2021, over three years ago. This extended period of decline has made many of the investors who bought during the bull run in 2021 underwater on their holdings.
The token reflects a high ownership concentration with 74% of SHIB owned by major holders. The concentration may be behind price volatility. This is due to the fact that the moves by the large holders tend to have disproportionate impacts on the market. Major volume trading in the last week has hit $184.02 million which indicates sustained activity even as the price goes down.
Shibarium Milestone Fails To Reverse Trend
Despite Shiba Inu’s layer-2 scaling solution, Shibarium recently achieved a major milestone of 1 billion transactions. However, this accomplishment has not translated into positive price action for SHIB. This disconnect between ecosystem development and token price shows the current market’s focus on overall trends rather than project-specific achievements.
Shibarium is a key component of the Shiba Inu ecosystem that focuses on reducing transaction fees, increasing processing speed, and enabling more advanced applications within the SHIB ecosystem.
The continued negative price action despite reaching such a substantial transaction milestone raises questions about what catalysts might eventually reverse SHIB’s downward trend.
Will Shiba Inu Token Burns Aid In Price Pump?
The Shiba Inu community has historically highlighted token burns as one possible method of driving scarcity and price support. Recent burn behavior has been spotty and inadequate to have any real effect on the enormous Shiba Inu token supply.
After a recent spike in burn rate of more than 12,000%, the last 24 hours have seen the burn rate decline by 60%. During this period, only 37.6 million SHIB tokens were removed from circulation as per Shibburn data.
Token burns continue to be a mainstay narrative among the SHIB community. However, the volume of burning has to rise in order to have an effect on the token’s supply that can be measured. The 17.88% hike in trading volume in the last 24 hours to $311.14 million gives some indications of market action. This potentially could be being driven by the larger holders stockpiling at lower prices.
Vignesh
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.
Over time, Ethereum, the second-largest crypto asset and largest altcoin, has often spearheaded an Altcoin Season due to its significant performance after the market shifts from a Bitcoin season to an altcoin season in each bull market cycle. In spite of this waning performance of the king of alts, an altcoin season is still likely to occur in the near term.
Is An Altcoin Season On The Horizon?
With the heightened volatility and BTC’s robust market dominance, the possibility of an Altcoin Season happening in this cycle is looking slim. However, an on-chain expert and the CEO of Alphractal Joao Wedson believes that this sustained Bitcoin’s dominance could be laying the groundwork for a huge altseason in the foreseeable future. Historically, altcoin seasons have followed periods of Bitcoin dominance.
Joao Wedson highlighted that Ethereum’s waning performance has strangled other alts in the ongoing market cycle, but an altcoin season “is just a matter of time.” With the alt market struggling to gain dominance and ETH facing headwinds, traders hope for a shift that might spur renewed gains across the altcoin sector.
In the X post, Wedson delved into altcoin market dominance with Ethereum, revealing an interesting trend. According to the expert, altcoin dominance is declining, while altcoin dominance excluding Ethereum and Stablecoins has remained sideways and in a neutral zone since late 2022.
This development implies that Bitcoin has drained most of Ethereum’s market capitalization. Presently, Bitcoin’s dominance has increased to 62%, and BTC and Stablecoin’s dominance has risen to nearly 71%. Meanwhile, Ethereum and all other alts dominate only 29% of the general market.
Bitcoin and Stablecoin‘s market dominance may seem like a threat to the upcoming altcoin season. However, the interesting part is that the higher the BTC and Stablecoin dominance rise, the more robust the next altcoin season will be, which Wedson claims is only a matter of time away.
BTC And Stablecoins Stealing The Spotlight
Daan Crypto Trades, a technical expert and trader, has also shared insights on the subject, highlighting that the altcoin market cap has declined sharply, leading to a drop in altcoins’ dominance. Although it was on track for a while, the steady growth of Bitcoin and Stablecoins has put the alt dominance under serious pressure within the crypto market.
Given the dilution amongst them, individual alts have performed horribly. Thus, for altcoins to regain dominance over Bitcoin, Stablecoins, and other major assets, the ETH/BTC pair needs to gather some momentum first.
Daan Crypto Trades claims Ethereum often plays a massive role in getting a wider altcoin performance. This is because many liquidity pools are denominated in ETH, and most coins are developed on it. Therefore, for altcoins to run, this wealth effect for ETH and majors is essential.
Until this is the case, the analyst urges investors not to get into the market. Even though alt rallies are usually brief, there is frequently a high timeframe retest. Once it is evident that the trend is changing, Daan Crypto Trades believes this is the ideal time to get involved in the action.
Featured image from Unsplash, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Expert Reveals XRP Price Could Drop To $1.90 Before Rally To New Highs
Crypto Market Mirrors Nasdaq and S&P 500 Amid Recession Fears
Here’s Why Is Shiba Inu Price Crashing Daily?
Binance’s CZ is Helping Kyrgyzstan Become A Crypto Hub
Altcoin Season Still In Sight Even As Ethereum Struggles To Gain Upward Momentum
Wormhole (W) Jumps 10%—But Is a Pullback Coming?
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
-
Altcoin21 hours agoBinance Sidelines Pi Network Again In Vote To List Initiative, Here’s All
-
Market21 hours agoXRP Price Reversal Toward $3.5 In The Works With Short And Long-Term Targets Revealed
-
Market18 hours agoXRP Price Under Pressure—New Lows Signal More Trouble Ahead
-
Altcoin18 hours agoAnalyst Forecasts 250% Dogecoin Price Rally If This Level Holds
-
Market17 hours agoCardano (ADA) Downtrend Deepens—Is a Rebound Possible?
-
Market9 hours agoBitcoin’s Future After Trump Tariffs
-
Ethereum12 hours agoEthereum Trading In ‘No Man’s Land’, Breakout A ‘Matter Of Time’?
-
Market16 hours agoEthereum Price Recovery Stalls—Bears Keep Price Below $2K
✓ Share: