Altcoin
Top Gainers Sui and Mpeppe Attracts Major Ethereum Investors For Quick Profits
The cryptocurrency market has been a rollercoaster in 2024, but amidst the volatility, Sui (SUI) and Mpeppe (MPEPE) are emerging as top gainers. Both projects have caught the attention of Ethereum (ETH) investors seeking quick profits and diversification. As Sui (SUI) spikes near the $1 mark and Mpeppe continues to gain momentum, Ethereum whales are eyeing these assets for their potential upside.
Sui (SUI) Price Surge: What’s Driving the Momentum?
Sui (SUI) has been on a bullish tear recently, surging by over 5% to reach $0.935 on Sunday. The main driver behind this price spike is the launch of Sui’s native stablecoin project, AUSD. This new addition to the Sui (SUI) ecosystem is designed to enhance DeFi operations by providing a more reliable and decentralized asset for borrowing, lending, and other financial transactions. The AUSD stablecoin has already started bringing more liquidity to the Sui (SUI) network, making it a key factor in the token’s recent rise.
Sui (SUI)’s Total Value Locked (TVL) has also seen a substantial increase, reaching $641 million, according to DefiLlama. This growth in capital inflow signals rising investor confidence in the project, further boosting Sui (SUI)’s bullish momentum.
From a technical perspective, Sui (SUI) has shown a strong recovery after finding support at the $0.80 level. On the daily chart, Sui (SUI)’s price action indicates a trend-reversal pattern, featuring an inverted head-and-shoulder formation. Despite persistent resistance at the 200-day EMA, the token has managed to break above the 50-day EMA, gaining 5% intraday.
Currently trading at around $0.9161, Sui (SUI) is poised for a possible breakout above $1. Analysts are eyeing resistance levels at $1.001, $1.43, and $1.72 as potential targets if the bullish momentum continues. The daily RSI line also supports this bullish outlook, hovering near the 60% mark, which indicates a positive trend.
Mpeppe (MPEPE) Casino: A New Frontier for Ethereum Investors
While Sui (SUI) has been grabbing headlines for its price surge, Mpeppe (MPEPE) has quietly been building a strong following among Ethereum whales. Mpeppe (MPEPE) is a decentralized casino platform built on the Ethereum blockchain that offers a unique combination of meme coin excitement and DeFi utility. The project has attracted significant attention from major investors looking to capitalize on its potential for high returns.
Mpeppe (MPEPE)’s casino ecosystem allows users to stake tokens, gamble, and earn rewards in a fully decentralized, transparent environment. All transactions are recorded on the Ethereum blockchain, ensuring fairness and security for users. The platform also offers the opportunity to earn passive income through staking, making it an attractive option for Ethereum investors looking to diversify their portfolios.
Ethereum whales are known for spotting early-stage projects with massive potential, and Mpeppe (MPEPE) seems to fit that profile. With its growing user base and increasing market buzz, Mpeppe (MPEPE) has positioned itself as a strong contender in the altcoin space.
Why Ethereum Investors Are Turning to Sui and Mpeppe
Ethereum (ETH) itself has been struggling to break the $2,400 resistance level, leading many of its investors to explore new opportunities for quick profits. The Ethereum network remains strong, but its recent price performance has been underwhelming, prompting some to look for alternatives that offer higher short-term gains.
Both Sui (SUI) and Mpeppe (MPEPE) present compelling cases for Ethereum investors. Sui (SUI), with its innovative DeFi solutions and strong technical setup, is on the verge of a breakout that could push its price past the $1 mark. The introduction of the AUSD stablecoin has added more liquidity to the platform, making it an attractive option for both retail and institutional investors.
Mpeppe (MPEPE), on the other hand, offers a unique blend of decentralized gambling and meme coin appeal, tapping into the viral nature of meme culture while providing a legitimate use case. Ethereum investors, especially whales, are drawn to Mpeppe (MPEPE)’s potential to generate high returns through its casino platform and staking rewards.
The Road Ahead for Sui and Mpeppe
For Sui (SUI), the next few days will be crucial. If the bullish momentum continues and the token breaks through the $1 psychological barrier, it could be headed toward higher resistance levels at $1.43 and $1.72. The support levels at $0.80 and $0.5728 will be key to watch in case of a pullback, but for now, the outlook remains optimistic.
Mpeppe (MPEPE) is also on an upward trajectory, with more Ethereum investors flocking to its decentralized casino platform. As the project gains traction, its value proposition becomes more evident. The combination of meme coin excitement and DeFi utility makes Mpeppe (MPEPE) a standout in a crowded altcoin market.
Conclusion
As Ethereum struggles to break through its current resistance levels, top gainers like Sui (SUI) and Mpeppe (MPEPE) are attracting the attention of ETH investors looking for quick profits. Sui (SUI)’s recent price surge, driven by the launch of the AUSD stablecoin, has positioned it as a strong contender for further gains. Meanwhile, Mpeppe’s (MPEPE) decentralized casino platform offers a unique investment opportunity for Ethereum whales seeking high returns.
With both projects showing strong potential, Sui (SUI) and Mpeppe (MPEPE) could continue to outperform in the short term, making them top picks for investors looking to capitalize on the next big altcoin rally.
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The Dogecoin price has entered another stage of bullish momentum that has reignited inflows from traders. Notably, the DOGE price has surged by about 16.3% over the past 24 hours. This surge has brought into focus the possibility of the DOGE price reaching a new all-time high this year.
Interestingly, a crypto analyst on the social media platform X has highlighted a bullish fractal that could push the Dogecoin price on a parabolic run.
Dogecoin Fractal Points To New ATH
Master Kenobi shared his analysis of the Dogecoin price action on X. In his post, Kenobi outlined a fractal setup, suggesting that DOGE is on the verge of a significant breakout. Kenobi attributed the fractal formation to the consolidation that began after the DOGE price reached $0.43
A bullish fractal is a pattern that suggests an upward reversal in price. This pattern, which occurs during price consolidations, is characterized by a middle bar that has the lowest low, flanked by higher lows on each side.
Kenobi’s analysis was accompanied by a DOGE chart on the four-hour candlestick timeframe. The chart revealed that a similar fractal had occurred during the first week of November. At that time, Dogecoin was consolidating after an initial surge past the $0.20 mark. This consolidation phase, much like the current one, was marked by low volatility and steady accumulation. However, the November fractal ultimately resolved with an explosive 115% rally over six days.
Drawing parallels with the November setup, Kenobi predicted that the Dogecoin price could replicate this outcome and create a new all-time high in the next three days. In terms of a price target, a breakout would see the DOGE price reaching the $0.74 mark, which would put it above its current all-time high of $0.7316.
What’s Next For The Dogecoin Price?
The prospect of a new all-time high for the Dogecoin price is gaining ground with each passing day, especially with the price action in the past 24 hours. At the time of the analysis, the DOGE price was trading at $0.41. Interestingly, the Dogecoin price has surged to $0.46 at the time of writing, which indicates that the bullish fractal breakout has happened.
DOGE, which started November at $0.1616, is already up by about 230% in the past 30 days. Many on-chain data and price patterns point to a continued price increase, at least in the next few days and weeks. Ali Martinez, a popular crypto analyst, suggested that the Dogecoin price is in the middle of a bullish breakout to $0.82. If the price target is achieved, this would represent a further 78% gain from the current price.
Featured image created with Dall.E, chart from Tradingview.com
The crypto universe has concluded yet another week, primarily with riveting developments unfolding across the broader sector. Bitcoin (BTC) continues to pump, hitting a new ATH this week. Simultaneously, Ripple’s XRP garnered significant market attention, recording considerable gains. The broader market continues to leverage investor optimism post-U.S. elections that saw Donald Trump reelected as the president.
Here’s a brief collection of some of the top cryptocurrency market headlines that have significantly impacted investor sentiment over the past seven days.
BTC Hits New ATH Amid Bull Crypto Market
BTC price hit a new ATH near the $100K level this week, echoing a buzz across the broader sector. Notably, the flagship coin gained roughly 10% over the past week to hit an ATH of $99,655. Attributable to this bullish movement post-U.S. elections, Rich Dad Poor Dad author Robert Kiyosaki shared a bold prediction for the coin, anticipating its price to hit $13 million.
Simultaneously, the crypto also saw heightened institutional interest amid its bullish movement, underscoring the potential for further gains. Aligning with this heightened market interest, biopharmaceutical firm Hoth Therapeutics forged ahead with BTC buying plans, sparking additional optimism surrounding the crypto.
Meanwhile, Bitcoin miner MARA completed its $1 billion private offering this week, with some of the proceeds set to be used to buy more BTC. Overall, the flagship coin leveraged significant buying pressure this week, paving a bullish path for future movements.
Ripple’s XRP Steals Attention
On the other hand, XRP’s price witnessed gains worth 40% over the past week, cementing investor optimism amid a bullish digital asset sector. Notably, XRP whales accumulated nearly $526M worth of the token this week, indicating that the Ripple-backed coin could pump higher. Veteran trader Peter Brandt predicted amid this bullish movement that a parabolic rally for the crypto also lies ahead.
Further, Ripple CEO Brad Garlinghouse conveyed bullish sentiments on XRP and a possible end to the SEC lawsuit, primarily attributable to the newly appointed U.S. Treasury Secretary Scott Bessent. Simultaneously, the Ripple vs. SEC lawsuit saw the regulator and FINRA trying to bring “digital asset securities” claims. This mover comes against the backdrop of XRP’s rally to $1, with speculations of a looming $2 target on SEC Chair Garu Gensler’s exit.
Overall, these market updates have sparked significant investor enthusiasm over the crypto realm’s future action, with market watchers being optimistic.
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.
Crypto analyst Behdark has predicted that the XRP price can reach $28. This prediction follows his Elliot Wave theory analysis, which also showed when the crypto will reach this double-digit price target.
When XRP Price Will Reach Double Digits
In a TradingView post, Behdark’s Elliot Wave theory analysis showed that the XRP price can reach double digits by 2026. The analyst’s accompanying chart showed that the first double digits target for XRP will be $15, after which the crypto could eventually rally to $28. Behdark also provided more insights into XRP’s current price action and why this rally could happen.
First, the analyst mentioned that the XRP price looks to be currently within a running triangle. In line with this, Behdark remarked that wave D might complete its movement by hunting the all-time high (ATH) at $3.84. He mentioned that there could be a price correction for wave E afterward.
Once that XRP price correction happens, Behdrak predicts the next move will be the post-pattern movement targeting a level above $15. This is where the price target of $28 comes into the picture, as the analyst’s accompanying chart shows it is a feasible target for the crypto, although it might not happen in this market cycle.
An XRP price rally to $28 would mean that the crypto would have a market cap of $2.8 trillion. However, Behdrak suggested that this was still feasible. He noted that his focus was on chart analysis and not fundamentals, even though fundamentals are reflected in the chart itself.
Meanwhile, the analyst told market participants that if a clear and identifiable pattern emerges when the XRP price reaches wave E of the triangle, they could position themselves for the main move to double digits.
A Confirmation Of This Double Digit Target
Crypto analyst Dark Defender also recently shared an Elliot Wave theory analysis, which showed that the XRP price could indeed reach double digits. Specifically, the analyst’s accompanying chart showed that XRP could rally as high as $18 when the wave 5 impulsive move occurs.
Interestingly, unlike Behdark’s chart, which showed that the rally to double digits would happen in 2026, Dark Defender’s chart showed that the rally to $18 could happen as early as mid-2025. Meanwhile, the analyst said that the XRP price is currently in the third wave, with the crypto expected to rally to $5 when this next impulsive move occurs.
Afterward, the XRP price is expected to witness a corrective move that will cause it to drop to as low as $4. The next impulsive move after this could send XRP to the $18 target.
At the time of writing, the XRP price is trading at around $1.55, up over 10% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
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