Connect with us

Altcoin

Starknet (STRK) See RED Whilst Ethereum Investors See Green Profits With New ETH Casino Coin Mpeppe

Published

2 months ago

on


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.

For more information on the Mpeppe (MPEPPE) Presale: 

Visit Mpeppe (MPEPPE)

Join and become a community member: 

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

 



Source link

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Altcoin

Why Bitcoin Users Are Moving to Altcoins? As Ethereum Price Jumps 11%

Published

3 hours ago

on

November 7, 2024

By


Although the Bitcoin price rally has paused above $75,000 a day after Donald Trump’s victory, altcoins have continued their strong show with the Ethereum price taking the lead with 11% gains all the way to $2,850 levels. Investors have a lot of questions as to does this mark the beginning of the much-awaited altseason moving ahead.

Altcoins Steal the Limelight from Bitcoin?

On the day of Donald Trump’s victory on November 6, the Bitcoin price touched its all-time high levels surging all the way to $75,000. While the bulls try to defend these levels, altcoins seem to grabbing the investors’ focus.

The Ethereum price has managed to pull off 12% gains moving all the way to the $2,850 level and eying further rally to its all-time high levels. This comes despite strong selling pressure from Ethereum whales. Popular crypto analyst IncomeSharks noted that the ETH price has given a crucial breakout from the downward trendline slope, which opens the gates for a 75% rally from here to new all-time highs.

Furthermore, after hitting the lower lows over the past few months, the ETH/BTC trading pair has notched up a bit. “With ETH/BTC at 0.035 it definitely makes sense to start hedging,” added Cowen. However, he added that for the bottom formation confirmation, the ETH/BTC pair must end above the 50 DMA.

Apart from Ethereum price surge, other altcoins like Solana made strong gains on Donald Trump’s victory. The Solana price has surged to $188 once again as talks about the approval of spot Solana ETF in the Trump presidency gain traction. As a result, analysts predict an SOL surge to $300 levels from here.

Will BTC Lose the Grip Over the Market?

Some market analysts state that it is still early to call the altseason and expect Bitcoin dominance to grow even further. Also, this could just be the beginning of the next major Bitcoin bull run.

Veteran trader Peter Brandt shared an optimistic outlook for Bitcoin, suggesting it has entered a “sweet spot” in the current bull market halving cycle. According to Brandt, Bitcoin is on track to peak between $130,000 and $150,000 by August or September of next year, marking a potential new high for the cryptocurrency.

Echoing similar thoughts, crypto analyst Ali Martinez noted that the next BTC top usually happens after 8 to 12 months following a monthly close above the previous all-time highs. Thus, he expects the next BTC top to happen anywhere between July to November 2025.

According to blockchain analytics firm CryptoQuant, Bitcoin’s recent all-time high doesn’t signal an overvaluation relative to its cost basis. The firm’s data on the MVRV ratio suggests that BTC remains well below peak levels. Additionally, Bitcoin’s price is close to traders’ average purchase cost, indicating that the market is not currently overheated. These insights point to the potential for continued growth in Bitcoin’s value.

Courtesy: CryptoQuant

✓ Share:

Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

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.





Source link

Continue Reading

Altcoin

XRP Price At Risk As Ripple Moves $250M?

Published

16 hours ago

on

November 6, 2024

By


The XRP price has come under the spotlight following Ripple’s recent $250 million XRP transfer. This comes amid bullish predictions for the coin, with analysts saying that its price could enjoy a parabolic rally following Donald Trump’s win.

The XRP Price At Risk With Ripple’s $250 Million Transfer

The XRP price is at risk of a decline following Ripple’s transfer of $250 million worth of XRP to an unknown wallet. Onchain data shows that the crypto firm transferred 470 million XRP to this wallet (rP4X2…sKxv3). This unknown wallet has since transferred 100 million XRP to another wallet (rhWt2…E32hk).

The purpose of the $250 million transfer remains unclear. However, it could relate to Ripple’s On-Demand Liquidity (ODL) services or the ongoing SEC appeal case.

This development comes just a day after XRP whales moved $814 million, indicating whale accumulation. While the Ripple transfer is unlikely to impact the XRP price since it will likely be done over the counter (OTC) if it is a potential sale, it could still create a bearish sentiment among XRP investors.

However, crypto analysts are confident that XRP is currently in bullish territory following Donald Trump’s win in the US presidential elections. The coin could surge up to 3,336% as crypto analyst StephIsCrypto predicted a major above $2 following Trump’s victory.

A Price Surge Above $20 By Year-End

In an X post, Crypto analyst Amonyx made a bold prediction, stating that the XRP price will rise above $20 by year-end. In another X post, the analyst suggested that he was confident that this price surge would happen with the US SEC chair Gary Gensler set to be removed following Donald Trump’s victory.

Gensler’s removal is bullish for the XRP price because he has spearheaded the long-running legal battle against Ripple. The legal battle could have negatively impacted XRP all this time, creating doubts in investors’ minds.

However, with Gensler gone and the Ripple SEC lawsuit likely to end, investors could again become bullish on XRP and look to invest more in the crypto. Crypto analyst Ross Vandermeer also predicted that the XRP price could eventually rise to $1,000 thanks to Donald Trump’s US election victory.

Ripple CEO Brad Garlinghouse recently called on the US president-elect to fire Gary Gensler on day 1, just like he promised. Meanwhile, Ripple chief legal officer (CLO) Stuart Alderoty urged Trump to end the regulation-by-enforcement approach to position the US as the crypto capital.

✓ Share:

Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. 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 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.





Source link

Continue Reading

Altcoin

Ripple CLO Reveals How Donald Trump Can Make US The Crypto Capital

Published

17 hours ago

on

November 6, 2024

By


Ripple chief legal officer (CLO) Stuart Alderoty has revealed how US President-elect Donald Trump can make the United States (US) the crypto capital. The Ripple CLO statement came as Ripple CEO Brad Garlinghouse outlined his checklist for the Trump administration.

Ripple CLO Reveals How Trump Can Make US Crypto Capital

In an X post, Stuart Alderoty called on Donald Trump to move swiftly to end the regulation-by-enforcement approach that the crypto industry has endured and position the US as the crypto capital of the world.

As the Ripple CLO suggested, the US has been unable to claim the title of crypto capital due to its unfavorable regulatory environment. Regulators like the US Securities and Exchange Commission (SEC) have clamped down on crypto firms instead of providing regulatory clarity.

However, the Ripple CLO believes that is likely to change under Donald Trump. In his post, he also revealed that the president-elect had taken time to listen to Ripple’s story when they met and has also prioritized crypto as a key policy issue.

Indeed, the US president-elect was very vocal about crypto during his presidential campaign, making several promises to the crypto industry. As part of his promises regarding Bitcoin and the crypto industry, Donald Trump said he would fire US SEC Chair Gary Gensler on day one in office.

This is one of the major promises the crypto community is holding on to, considering that Gensler has spearheaded the anti-crypto crusade in the country.

Brad Garlinghouse Outlines Checklist For Donald Trump’s Administration

Before the Ripple CLO’s comments, Ripple CEO Brad Garlinghouse had outlined his checklist for the Trump administration’s first 100 days in office. First, he stated that Trump should fire Gensler on Day 1, just as promised.

In Gensler’s place, Garlinghouse recommended that the president-elect appoint either Christopher Giancarlo or Robinhood CLO Dan Gallagher, as they will be “massive upgrades” in rebuilding the rule of law at the SEC. Galaxy CEO Mike Novogratz also recently mentioned pro-crypto US SEC commissioner Hester Peirce as one of those who could also replace Gensler.

The Ripple CEO also asked Trump to get the US Congress to move the digital asset market structure bill forward in the Senate. Lastly, he asked if they could get some clarity for Ethereum, similar to that of Bitcoin and XRP since they are recognized as non-securities.

While Brad Garlinghouse didn’t endorse any candidate, Ripple CLO Stuart Alderoty and Ripple co-founder Chris Larsen made their stance known through donations. The Ripple CLO donated $300,000 to the Donald Trump campaign, while Larsen donated up to $11 million to Kamala Harris’ campaign.

✓ Share:

Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. 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 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.





Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io