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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Crypto analyst Egrag Crypto has predicted that the XRP price could rally to as high as $45 if it mirrors a bullish price movement from the 2017 bull run. The analyst also raised the possibility of the altcoin at least touching $19 if it replicates the 2021 price action.
XRP Price Could Rally To $45 If It Mirrors 2017 Bull Run
In an X post, Egrag Crypto predicted that the XRP price could rally to $45 if it mimics the 2017 cycle. He noted that in 2017, the price found heavy support at the 21 Exponential Moving Average (EMA) and experienced a last blow-off top.
This blow-off top led to a price surge of 2,700%, which the analyst believes could lead to XRP’s rally to $45 if the 2017 bull run repeats itself. Meanwhile, Egrag Crypto predicts the altcoin could at least touch $19 if a similar price movement like the 2021 bull run occurs.
He noted that in 2021, the price breached the 21 and 33 EMA and then pumped in a final leg that marked the cycle’s blow-off top. During this period, XRP surged by 1,050%, which the crypto analyst believes could lead to a rally to $19 if history repeats itself. The analyst added that his target has always been $27 and advised market participants to DCA if necessary.
In the short term, the XRP price looks to be eyeing a rally to $5. A CoinGape market analysis revealed that the Hidden Road acquisition may lead to $10 billion in volume to the XRP Ledger, which could push the altcoin to this target.
Meanwhile, XRP’s on-chain metrics also paint a bullish outlook for the altcoin, with the number of wallet addresses hitting a new all-time high (ATH) recently. This indicates that Ripple’s native crypto is enjoying wider adoption.
Ripple’s Native Crypto Has The Potential To Hit $1,000
Crypto analyst BarriC asserted that the XRP price could hit $1,000, although he admitted that it would “absolutely” take time. He claimed it will take a utility run and mass adoption to drive XRP to this price target.
The analyst added that it would also take a big shift in the financial space for the altcoin to reach this $1,000 level. Essentially, BarriC believes something massive has to happen for XRP to reach this target. However, once they do, he assured that there is no going back.
A CoinGape market analysis also once suggested that the XRP price could reach $1,000 if Michael Saylor swapped his $21 billion BTC for Ripple’s native crypto.
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.
The price of Solana (SOL) is again in the spotlight as the current bullish consolidation has flipped the coin to a new weekly high. The Solana community also anticipates the Exchange Traded Fund (ETF) tied to the asset, prompting the debate on the potential timeline for the offering’s approval. With the price of Bitcoin and altcoin showcasing a rebound, Solana’s performance has stood out from other altcoins.
Is The Solana Price Breakout to $200 Possible?
According to new insight on X from market analyst World of Charts, the price of Solana is currently testing a potential breakout trend. He said the coin is testing crucial resistances that can easily push it to the $200 level if it successfully breaks out.
The World of Charts thesis tips the SOL price to soar by over 86%, with the potential to add $105 in a bull case scenario. However, this does not negate a possible SOL price retest of $75 if crucial support levels fail to hold.
At the time of writing, the price of Solana was changing hands for $120, up by 8.06% in 24 hours.
Despite the Relative Strength Index (RSI) soaring from the low of 34 recorded on April 8 to the current 46.89, SOL is not completely out of the woods. The MA Cross indicator shows that the Death Cross inked on April 2 has yet to be invalidated.
Solana ETF: Potential Approval Timeline
With Solana showcasing a potential rebound trend, many community members are quizzing to determine what will happen to its growing ETF products. Responding to SOL ETF approval queries, Senior Bloomberg ETF Analyst James Seyffart broke the silence on what to expect.
He reiterated that the first ‘final’ deadline for SOL ETFs is October 10. He noted that there is a non-zero chance the new Atkins-led US SEC and Hester Peirce-led Crypto Task Force will move earlier than that.
Despite this definitive timeline, he reiterated that there is a strong expectation of approval by that deadline. In the meantime, the Crypto Task Force is pushing for clear regulations, which is positive for a potential approval.
A Solana ETF could usher in institutional money into the ecosystem, which is bullish for the SOL price, leading to a massive breakout.
More SOL Fundamentals to Watch
According to a recent ecosystem shift, the Proof-of-Stake (PoS) protocol is undergoing a subtle rebranding in the market. Besides introducing Confidential Balances to drive privacy, Solana Developers have also unveiled Open Source Relayers. In partnership with OpenZeppelin, these Relayers are in alpha mode and can power some functionalities within the ecosystem.
A defined attempt to revive the memecoin outlook in the SOL ecosystem through PumpFun also exists. With the return of the livestream, PumpFi, and PumpSwap, the protocol is gearing up for a new wave of meme explosion and price rebound.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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.
The crypto market in 2025 is facing intense turbulence. The capitalization of once-hot trends like meme coins has plummeted. Capital has flowed out of decentralized finance (DeFi) protocols, driving DeFi’s total value locked (TVL) down from $120 billion to around $87 billion.
In this context, Sonic stands out. It has consistently hit new TVL highs, reaching $1 billion in April after growing nearly 40 times since the beginning of the year. So, what makes Sonic a bright spot amid a stormy market?
Investors Are Pouring Capital into Sonic
Sonic has made its mark with a rapid TVL growth rate, far outpacing better-known blockchains. According to DefiLlama, Sonic reached $1 billion in TVL within 66 days. In comparison, Sui took 505 days, and Aptos needed 709.
This achievement reflects strong capital inflows into the Sonic ecosystem despite the broader DeFi trend of capital withdrawal. Data from Artemis supports this, ranking Sonic as the second-highest netflow protocol this year—trailing only Base, a blockchain backed by Coinbase.
The growth goes beyond TVL numbers. Sonic’s ecosystem is attracting various projects, including derivatives exchanges like Aark Digital and Shadow Exchange and protocols such as Snake Finance, Equalizer0x, and Beets. These projects still have small TVLs, but they have the potential to draw new users and capital, fueling Sonic’s momentum.
However, the question remains: Can this capital inflow remain sustainable while the market fluctuates?
Andre Cronje on Sonic’s Potential and Strengths
Andre Cronje, the developer behind Sonic, shared his ambition in an interview to push this blockchain beyond its competitors.
“Sonic has sub-200 millisecond finality, faster than human responsiveness,” Andre Cronje said.
According to Cronje, Sonic isn’t just about speed. The platform also focuses on improving both user and developer experience. He explained that 90% of transaction fees go to dApp, not to validators, creating incentives for developers to build.
Unlike other blockchains, such as Ethereum, which are limited by long block times, Sonic leverages an enhanced virtual machine that theoretically processes up to 400,000 transactions per second. Cronje acknowledges, however, that current demand has yet to push the network to its full capacity. Still, these technical advantages make Sonic a compelling option for developers seeking more user-friendly dApps.
He also revealed new features on Sonic that have the potential to attract users.
“If your first touch point with a user is to download this wallet and then buy this token on an exchange, you’ve lost 99.9% of your users. They’ll use their Google off-email password, fingerprint, face, whatever it is, to access the dApp and interact with it, and they’ll never need to know about Sonic or token,” Andre Cronje revealed.
Risks and Challenges Ahead
Despite reaching impressive milestones, Sonic is not immune to risk. The price of its token, S, has declined significantly from its peak. According to BeInCrypto, it has dropped around 20% in the past month—from $0.60 down to $0.47—mirroring the broader market’s volatility.
Furthermore, Grayscale recently removed Sonic from its April asset consideration list. This decision reflects a shift in the fund’s expectations and raises concerns about Sonic’s ability to maintain its TVL should investor sentiment deteriorate.
Sonic also faces fierce competition from other high-performance chains like Solana and Base. Although Sonic holds a clear advantage in speed, long-term user adoption will depend on whether its ecosystem can deliver real value, not just high TVL figures.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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