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Starknet (STRK) See RED Whilst Ethereum Investors See Green Profits With New ETH Casino Coin Mpeppe
Despite the current bearish sentiment surrounding Starknet (STRK), Ethereum investors are finding reasons to celebrate. While Starknet (STRK) has experienced a recent decline in price, Ethereum investors are turning their attention to Mpeppe (MPEPE), a new casino coin that is making waves in the decentralized gambling sector. As experts predict a potential 150x return for Mpeppe (MPEPE), it has quickly become a favorite among Ethereum heavy hitters.
Starknet (STRK)’s Struggles: A Temporary Setback?
Starknet (STRK) has been on a rocky road lately, with its price falling 7.6% over the past week, making it one of the worst-performing assets in the market. The decline comes despite Starknet (STRK)’s significant technological upgrades and a newly approved staking plan set to roll out in Q4 2024. Token holders recently voted on a staking mechanism through Snapshot X, allowing users holding 20,000 STRK or more to participate in staking. The new staking system aims to enhance network security while incentivizing long-term engagement.
Starknet (STRK)’s development team has also implemented parallel execution and block packing, which promise to improve transaction speeds and network efficiency. However, these updates have yet to reflect positively on the price of STRK, and the broader market sentiment remains bearish for now.
Although Starknet (STRK)’s future appears bright from a technological standpoint, the current downturn has some investors worried. For others, though, this dip represents a unique opportunity to accumulate STRK tokens at a discount. Ethereum whales are keeping a close eye on Starknet (STRK), waiting for the right moment to capitalize on its long-term potential.
Mpeppe’s GambleFi Sector
While Starknet (STRK) struggles, Mpeppe (MPEPE) is thriving. This casino coin, priced at $0.0021, has captured the attention of Ethereum investors looking for quick gains in the decentralized gambling space. With GambleFi gaining traction as a viable alternative to traditional online gambling platforms, Mpeppe (MPEPE) is well-positioned to become a leader in the sector.
Mpeppe (MPEPE)’s appeal lies in its transparent, decentralized approach to gambling. Unlike centralized casinos, where players often have to trust that the house isn’t rigging the game, Mpeppe (MPEPE) uses smart contracts to ensure fairness in every bet. The platform’s low transaction fees and decentralized nature make it an attractive option for both casual players and high-stakes gamblers.
But Mpeppe (MPEPE) isn’t just a gambling token. It also offers staking opportunities for those who want to earn passive income. Holders of MPEPE tokens can stake their assets to receive rewards and participate in the governance of the platform. With predictions of 150x returns, Mpeppe (MPEPE) is rapidly becoming one of the most talked-about tokens in the GambleFi space.
Ethereum investors are flocking to Mpeppe (MPEPE), drawn by its low entry price and the potential for massive gains. As more players enter the decentralized gambling market, Mpeppe (MPEPE) is expected to see significant growth, making it a prime target for those looking to diversify their portfolios.
The Diverging Paths of Starknet (STRK) and Mpeppe
While Starknet (STRK) and Mpeppe (MPEPE) operate in different sectors of the blockchain world, they share one common trait: the potential for explosive growth. Starknet (STRK) is focused on infrastructure, providing much-needed scalability solutions for Ethereum’s Layer 2. Meanwhile, Mpeppe (MPEPE) is disrupting the online gambling industry with its decentralized platform and transparent approach to betting.
For Ethereum investors, the choice between the two tokens depends on their investment goals. Starknet (STRK) offers a long-term play with its staking mechanism and technological upgrades. As Ethereum continues to grow, Starknet (STRK)’s role in the ecosystem will become even more critical, potentially leading to substantial price appreciation in the future.
On the other hand, Mpeppe (MPEPE) is a more speculative investment with the promise of quick returns. The decentralized gambling market is still in its early stages, but as it grows, Mpeppe (MPEPE) could see its value skyrocket. For those looking to make a short-term profit, Mpeppe (MPEPE) represents a unique opportunity to get in on the ground floor of a burgeoning sector.
Conclusion
In the ever-evolving world of cryptocurrency, opportunities arise from all corners of the market. Starknet (STRK) and Mpeppe (MPEPE) offer two distinct paths to potential gains. Starknet (STRK), with its infrastructure improvements and staking mechanism, is a solid long-term investment for those who believe in Ethereum’s scalability. Meanwhile, Mpeppe (MPEPE) presents an exciting chance to profit from the growing decentralized gambling market.
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Against the backdrop of a broader crypto market recovery on Wednesday, AI Coins like FET, RENDER, and TAO have stolen the spotlight by witnessing a considerable pump. Notably, these tokens are surging amid broader AI-related developments such as Donald Trump’s ‘Stargate’ formation and tech giants injecting massive investments in the industry.
As a result, the abovementioned AI coins witnessed remarkable intraday price gains worth 6%-12%. Here’s a collective overview of the potential factors driving a frenzy across the AI crypto industry.
AI Coins FET, RENDER, & Others Bullish As Donald Trump Announces ‘Stargate’ Formation
Notably, the 47th president of the U.S., Donald Trump, has unveiled plans to offer massive support to the broader artificial intelligence sector soon after his inauguration. Addressing the nation’s masses, Trump recently announced the formation of ‘Stargate,’ the largest AI infrastructure project in American history.
Intriguingly, this AI project is set to invest a staggering $500 billion into the U.S. economy and curate over 100,000 American jobs. Trump revealed that OpenAI, Softbank, and Oracle came together to announce the formation of this monumental feat. Overall, with the developmental saga weighing in, top AI Coins like FET and others also appear to be bullish as the broader sector’s outlook glimmers with hope for further growth.
Google Chimes In With Massive Investment In AI
Meanwhile, the tech behemoth Google has also revealed plans to invest heavily in the sector. According to a recent FT report, the tech giant is investing more than $1 billion in Anthropic, a prominent OpenAI rival.
Meanwhile, people familiar with the matter have also revealed that Google is set to invest about $2 billion in Anthropic. Further, Lightspeed Venture Partners emerged as another key backer for the OpenAI rival as it is expected to inject $2 billion into the entity. Overall, these massive investments in the AI sector have further glimmered hope for tokens FET, RENDER, and TAO, among many others.
AI Coins Rise In Sync With Broader Market Recovery
At the time of reporting, FET price witnessed gains worth 11% intraday and is currently trading at $1.30. The coin’s 24-hour low and high were $1.16 and $1.34, respectively. Further, RENDER price witnessed a 7% uptick in value and is currently resting at $7.09. The coin’s 24-hour low and high were $6.60 and $7.36, respectively.
Even TAO price pumped 6% intraday to reach $418.21. The coin’s 24-hour low and high were $391.79 and $433.29, respectively. As mentioned above, the AI tokens appear to be leveraging a positive market sentiment across the AI sector, primarily attributable to the massive investments. Further, it’s also worth mentioning that the broader crypto market recovered today, aligning with the upswing in the price of AI coins.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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.
VTHO price has skyrocketed 300% after Binance announced its support for VeThor Token. Simultaneously, the token’s trading volume also surged by an astonishing 86,000%, reaching $3 billion. This massive rally reflects the strong influence of the top crypto exchanges in the market and how the listing or any other positive developments impact the sentiments.
Notably, VTHO token is used as gas within the VeChainThor ecosystem, further driving the market’s enthusiasm.
VTHO Price Surge After Binance Announces Listing of Perpetual Contract
On January 22, Binance listing announcement showed that the exchange plans to list VTHOUSDT perpetual contract on its futures platform, offering a maximum leverage of 75x. This new trading option has caught the attention of traders, contributing to a massive spike in VTHO’s trading volume.
Meanwhile, VTHO is the secondary token in the VeChainThor ecosystem, primarily used as the gas for transactions within the network. This listing expands Binance’s support for the VeChainThor blockchain, enabling users to trade VTHO with increased leverage. The contract’s capped funding rate is set at +2.00% / -2.00%, with funding fees settled every four hours, giving traders more flexibility.
Notably, the 75x leverage allows traders to maximize their exposure to VTHO price movements, further intensifying the market’s focus on the VeThor Token. The move by the top crypto exchange to offer such high leverage and favorable funding rates is a clear indication of its confidence in VTHO’s potential.
Binance’s Multi-Assets Mode and Trading Rules
Binance’s Multi-Assets Mode allows users to trade the VeThor token perpetual contract across multiple margin assets. This feature enables traders to use other cryptocurrencies, such as BTC, as collateral when trading VTHO contracts.
Multi-Assets Mode supports greater flexibility, giving users the ability to diversify their margin options for more efficient trading strategies. Recently, Binance expanded support for TRUMP and several other tokens, fueling optimism about future price movements.
The rules for Multi-Assets Mode include applicable haircuts on collateral, ensuring the safety of user assets. It is particularly useful for those who hold large amounts of various cryptocurrencies and wish to leverage them for high-leverage trading opportunities.
VeChain and VTHO Price Surge
VeChain (VET), the blockchain powering VTHO, has experienced notable growth, rising by 11% in the past 24 hours. VET price now trades at $0.05, and its market cap has reached $4.06 billion. This rise is attributed to VeChain’s increasing adoption and its partnerships with major corporations, including Walmart China and BMW.
VTHO price today jumped 320% and exchanged hands at $0.0087, indicating a growing interest in the VeChainThor ecosystem. With a market cap of $744 million, VTHO has seen an 86,000% increase in trading volume, reaching $3.11 billion. As the blockchain industry continues to innovate, VeChain’s supply chain solutions and VTHO’s integral role are poised for continued success.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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.
In what comes as a bullish market event, the Shiba Inu burn rate skyrocketed 600% on Wednesday, sparking immense optimism among traders amid a broader sector recovery. Recent burn data indicated that over 3 million tokens were taken out of the meme coin’s circulating supply. As an upshot, crypto enthusiasts expect a massive SHIB breakout ahead, driven by supply reduction and the community’s recent advancements.
Shiba Inu Burn Rate Blows Over 600% Echoing Bullish Market Sentiments
According to the latest data by Shibburn, the Shiba Inu burn rate shot up nearly 613% on January 22, dealing a massive blow to the circulating supply. Per the data, the massive burn rate surge came against the backdrop of 3.24 million tokens sent to a null address, thus permanently removing them from the supply.
For context, the SHIB burn mechanism is designed to reduce the crypto’s market supply, which many believe to be the reason behind the dog-themed meme coin’s broader sluggish performance. Thereby, with the abovementioned burn rate surge weighing in, traders and investors anticipate price gains for the crypto asset in light of the law of supply and demand.
Community Developments Add To Market Optimism
Further, a stockpile of ecosystem developments in recent days appears to have additionally bolstered the market sentiment for Shiba Inu amid its burn rate surge. CoinGape reported that SHIB lead developer Shytoshi Kusama stated a “big week” lies ahead for the meme token. This statement has sparked market-wide speculations of a looming advancement for the coin’s community.
Moreover, with American billionaire and investor Mark Cuban lauding SHIB’s potential recently, market watchers are extensively eyeing the crypto with bullish long-term views. Particularly in light of the community’s long-term goals and support, Cuban finds the meme coin to be one of the few promising projects in the sector. Overall, the Shiba Inu burn rate surge and these developments have solidified investors’ sentiments of a looming breakout, further driven by the recent pro-crypto Donald Trump frenzy.
What’s Next For SHIB?
At the time of reporting, SHIB price witnessed a 4% uptick in value, reaching $0.00002054. The coin’s 24-hour low and high were $0.00001983 and $0.00002127, respectively.
Notably, the coin rises alongside the intraday Shiba Inu burn rate surge and positive market sentiments building against the backdrop of Trump’s win and meme coin sector recovery. After a waning action yesterday, DOGE, PEPE, and TRUMP, among other meme coins, witnessed a remarkable upswing.
In light of this recovery-like trend, crypto enthusiast ‘VipRoseTr’ revealed on X that a $0.00004029 price target is ahead for the asset. Also, a recent Shiba Inu price analysis by CoinGape further cements the chances of a breakout approaching, as the coin showcases the potential to gain 100x this year.
This bullish prediction comes riding the back of strong market technicals and price patterns, flagging that a potential run to $0.00003340, followed by the March 4 high of $0.0000455, is possible. However, the $0.00001565 support remains extensively eyed by market watchers, given the crypto realm’s dynamic nature.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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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