The cryptocurrency market is an ever-evolving battlefield, where established coins fight to maintain their positions while emerging contenders strive to make their mark. One such newcomer, Mpeppe (MPEPE), is quickly gaining attention, with predictions suggesting that it could soon achieve Tier-1 exchange listings. This anticipated milestone could propel Mpeppe into the upper echelons of the […]
As the cryptocurrency market continues to evolve, Ethereum (ETH) remains at the forefront of digital assets, solidifying its position as a top choice among investors. Recently, Ethereum experienced a significant boost in confidence from institutional investors, particularly following the success of BlackRock’s Ethereum ETF (ETHA). The fund has achieved a major milestone, surpassing $1 billion […]
Ethereum (ETH), often hailed as the king of altcoins, has been experiencing a tumultuous period recently. Over the past seven days, Ethereum has dropped by 5.44%, causing concern among investors and enthusiasts. Despite being one of the most established and widely used cryptocurrencies, Ethereum’s recent performance has not been encouraging, leading many to wonder whether it can maintain its dominance in the rapidly evolving crypto space or will the thrown be passed on to new comer meme coin Mpeppe (MPEPE). A New Contender: Mpeppe (MPEPE) Hits The Market With Force As Ethereum continues to struggle, a new player has emerged on the scene: Mpeppe (MPEPE), a meme coin that has captured the attention of the crypto community, including large-scale investors, often referred to as “whales.” Mpeppe has quickly gained popularity due to its unique blend of internet culture, innovative features, and explosive growth potential. In contrast to Ethereum’s recent declines, Mpeppe has been on an upward trajectory, attracting investors looking for high-risk, high-reward opportunities. The coin has already raised a significant amount in its presale, nearing $2 million, which highlights the growing interest in this project. Unlike Ethereum, which is entrenched in the complexities of DeFi and smart contracts, Mpeppe offers a more straightforward and speculative investment, appealing to those looking to capitalize on the next big meme coin. Ethereum’s pursuit to Shift Market Sentiment Ethereum’s price decline comes at a time when the broader cryptocurrency market is experiencing volatility. The price of ETH has been oscillating, struggling to break free from a bearish trend that has seen it drop below crucial support levels. While Ethereum continues to play a critical role in the decentralized finance (DeFi) ecosystem and powers numerous applications and tokens, its price action has not reflected its utility. Analysts suggest that Ethereum’s recent performance could be attributed to several factors, including the saturation of its market and the rise of alternative blockchain solutions that offer faster and cheaper transactions. As Ethereum battles with scalability issues and high gas fees, competitors are quickly gaining ground, offering viable alternatives to developers and users. Why Whales Are Shifting to Mpeppe The migration of Ethereum whales to Mpeppe may seem surprising, but it underscores a broader trend in the crypto market: the search for outsized returns. While Ethereum remains a blue-chip asset in the crypto space, its large market cap means that it is unlikely to see the kind of exponential growth that newer, smaller projects like Mpeppe could potentially achieve. Mpeppe’s (MPEPE) appeal lies in its potential to deliver massive returns quickly. The meme coin market is notorious for its volatility, but it also offers opportunities for rapid gains that established coins like Ethereum cannot match. For whales who have already made substantial profits from Ethereum, Mpeppe represents a chance to multiply their gains in a shorter time frame, albeit with higher risk. Ethereum & Mpeppe: Crypto Landscape and Positioning Despite its recent struggles, Ethereum is unlikely to lose its position as a cornerstone of the crypto ecosystem. The network’s ongoing upgrades, including the transition to Ethereum 2.0, aim to address many of the issues that have plagued it, such as scalability and high transaction costs. However, these improvements will take time to materialize, and in the interim, Ethereum’s price may continue to face pressure. On the other hand, Mpeppe is riding a wave of momentum that could see it become one of the standout performers of 2024. As more investors flock to this meme coin, its price could skyrocket, delivering the kind of returns that are increasingly hard to find in the more established cryptocurrencies like Ethereum. The question for investors is whether they are willing to take on the risk that comes with investing in a meme coin in exchange for the potential rewards. Analytical Synopsis Ethereum’s recent 5.44% decline over the past seven days highlights the challenges the network faces in maintaining its market dominance. As whales shift their attention to high-growth opportunities like Mpeppe (MPEPE), the meme coin market continues to attract those looking for rapid gains. While Ethereum remains a foundational asset in the crypto space, Mpeppe’s rise signals that investors are always on the lookout for the next big thing, and right now, Mpeppe seems to be it. For more information on the Mpeppe (MPEPE) Presale: Visit Mpeppe (MPEPE) Join and become a community member: https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
The Internet Computer (ICP) has long been hailed as one of the most ambitious blockchain projects, aiming to decentralize the internet itself. However, recent trends indicate a significant decline in trading volume and investor interest in ICP. This shift comes as more and more ICP holders are exploring new opportunities in the crypto space, particularly […]
As the cryptocurrency market faces its usual September downturn, savvy investors are on the lookout for opportunities amid the chaos. While major coins like Bitcoin and Ethereum have seen significant declines, meme coins have not been spared. Pepecoin (PEPE) has dipped alongside its peers, but for those looking for resilient and promising meme coins, Mpeppe (MPEPE) emerges as a strong contender to buy during this volatile period. Pepe Coin (PEPE): Navigating the Storm Pepecoin, one of the most well-known meme coins, has seen its fair share of highs and lows. After a significant rally earlier this year, PEPE has now dipped to $0.0000071, down 7% in the latest market correction. This decline is in line with the broader market trend, where other top meme coins like DOGE, SHIB, and FLOKI are also experiencing drops of 4% to 8%. Despite the recent downturn, PEPE remains a popular choice for meme coin enthusiasts. The coin’s strong community and its reputation as one of the original meme coins have helped it maintain a solid position in the market. Additionally, some top traders who have made significant profits from PEPE in the past are buying back in, suggesting confidence in a potential resurgence. The question for many now is whether PEPE can bounce back and deliver the gains investors are hoping for. Mpeppe (MPEPE): A Casino Star Amidst the Decline While PEPE deals with the pressures of the current market, Mpeppe (MPEPE) is making waves as a meme coin that could capitalize on the current dip. Unlike many meme coins that rely purely on hype, Mpeppe is carving out a niche with a solid strategy and a growing community. Its presale success, nearing $2 million, is a testament to the strong interest and belief in its potential. Mpeppe (MPEPE) distinguishes itself by not only riding the meme coin wave but also integrating elements that appeal to both casual investors and more serious traders. With upcoming Tier-1 exchange listings predicted, Mpeppe (MPEPE) is positioned to take advantage of a market rebound, potentially pushing it into the ranks of top meme coins alongside PEPE. Analysts suggest that Mpeppe could be the next big thing in the meme coin market, with the potential to deliver significant returns as the market stabilizes. Its innovative approach, combined with the anticipation of major exchange listings, makes it an attractive option for those looking to invest in meme coins with strong growth prospects. PandaWorld: A New Contender in the Meme Coin Arena In addition to PEPE and Mpeppe (MPEPE), another meme coin that has caught the attention of investors is PandaWorld (PADW). Unlike traditional meme coins, PandaWorld focuses on creating a sustainable ecosystem with passive income opportunities for its holders. This play-to-earn gaming platform allows users to earn revenue through staking PADW tokens, providing a unique value proposition in the meme coin space. PandaWorld’s presale has been well-received, raising over $115,000 in a short period, indicating strong investor interest. The project’s future developments, including an NFT marketplace and exclusive merchandise, add to its appeal, making it a contender to watch. Why Mpeppe Might Be the Best Bet This September While PEPE continues to be a strong player in the meme coin space, Mpeppe’s (MPEPE) momentum and strategic positioning could make it the standout meme coin of September 2024. With its presale nearing $2 million and the potential for Tier-1 exchange listings, Mpeppe is set to capture the attention of the crypto community. Investors looking for meme coins that can weather the current market storm and offer substantial upside should consider Mpeppe. Its combination of community support, strategic growth plans, and the anticipation of major listings makes it a compelling choice for those looking to capitalize on the current market dip. In conclusion, while Pepecoin remains a solid choice for those who believe in its potential comeback, Mpeppe (MPEPE) offers a fresh opportunity with possibly higher rewards. As the market navigates the turbulence of September, keeping an eye on these meme coins could pay off significantly for investors ready to ride the next wave. For more information on the Mpeppe (MPEPE) Presale: Visit Mpeppe (MPEPE) Join and become a community member: https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
The world of meme coins is often filled with surprising twists and turns, and the recent developments surrounding Pepe Coin (PEPE) and Mpeppe (MPEPE) are no exception. As the broader crypto market grapples with fear and uncertainty, a shift is occurring among investors who are looking for the next big opportunity in the meme coin space. With Pepe Coin struggling to maintain its momentum, many of its holders are turning their attention to Mpeppe, especially after the recent announcement of its casino gaming ecosystem. Pepe Coin’s Struggles Amid Market Uncertainty Pepe Coin has been a dominant player in the meme coin sector since its meteoric rise earlier this year. However, the last few weeks have been tough for PEPE, with the coin experiencing a significant drop in value. In the past ten days alone, the PEPE price has plummeted by 24%, leaving many investors worried about its future. This decline has been attributed to a broader market sentiment of fear, as reflected in the Crypto Fear and Greed Index, which has kept investors on edge. Despite a minor 6% rally in the last 24 hours, the overall sentiment around PEPE remains bearish. The coin has been stuck in a consolidation phase for over five weeks, trading between $0.00000977 and $0.00000702. This tight range has frustrated many investors, particularly as PEPE has repeatedly failed to break through key resistance levels. The decrease in active addresses on the PEPE network, now at a five-month low, further indicates a loss of interest among investors. Many are stepping back from transacting on the network, choosing instead to hold or even sell their PEPE tokens. This has led to a significant drop in network participation, casting a shadow over the future of PEPE. The Rise of Mpeppe: A New Contender in the Meme Coin Space As Pepe Coin faces these challenges, a new player is emerging in the meme coin arena: Mpeppe (MPEPE). What sets Mpeppe apart is its innovative approach to the meme coin concept, particularly with its recent announcement of a casino gaming ecosystem. This development has sparked significant interest among crypto investors, including former PEPE holders who are looking for the next big opportunity. Mpeppe’s casino gaming ecosystem is designed to integrate seamlessly with blockchain technology, offering users a unique and engaging experience. This move positions Mpeppe (MPEPE) not just as another meme coin, but as a utility token with real-world applications. The announcement has been well-received, with many investors seeing it as a catalyst that could propel Mpeppe to new heights. With the Mpeppe presale already raising significant funds, the coin is gaining momentum rapidly. Investors are attracted by the potential for high returns, especially as Mpeppe’s innovative features set it apart from other meme coins. The presale has seen strong participation, and as the launch date approaches, excitement continues to build. Pepe Holders Flock to Mpeppe The shift from Pepecoin (PEPE) to Mpeppe (MPEPE) is not just about escaping the challenges faced by the former. It also represents a strategic move by investors who are eager to capitalize on the growth potential of Mpeppe. The casino gaming announcement has given Mpeppe a unique edge, drawing in investors who are looking for more than just speculative gains. The slogan “From Meme to Moon” has become a rallying cry among the Mpeppe community, symbolizing their belief in the coin’s potential to achieve significant growth. This sentiment is being echoed by former PEPE holders, who are now joining the Mpeppe presale in droves. The shift is indicative of a broader trend in the crypto market, where investors are increasingly seeking out coins with strong use cases and growth potential. The Future of Pepe and Mpeppe While Pepe Coin remains a significant player in the meme coin space, its recent struggles have opened the door for competitors like Mpeppe (MPEPE) to gain ground. The next few weeks will be crucial for both coins, as the market reacts to ongoing developments. For PEPE, breaking out of its current consolidation phase will be key to regaining investor confidence. Meanwhile, Mpeppe’s success will depend on its ability to deliver on the promises of its casino gaming ecosystem and continue attracting investor interest. In conclusion, the recent shifts in the meme coin market highlight the dynamic nature of this sector. As Pepe Coin holders explore new opportunities, Mpeppe is emerging as a strong contender, offering innovative features that appeal to a broad range of investors. Whether Mpeppe can sustain this momentum and truly challenge PEPE’s dominance remains to be seen, but for now, it’s clear that the coin is on an upward trajectory, fueled by excitement and strategic investment. For more information on the Mpeppe (MPEPE) Presale: Visit Mpeppe (MPEPE) Join and become a community member: https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
As the cryptocurrency market prepares for a potential bull run, a surprising shift is taking place within the Pepe Coin (PEPE) community. Known for their strong loyalty, many PEPE holders are now selling their tokens in favor of participating in the Mpeppe (MPEPE) presale. The move is being seen as a strategic play by investors […]
The Internet Computer (ICP) has been a trailblazer in the blockchain world, pushing the boundaries of decentralized technology to power next-generation applications, including artificial intelligence (AI). Developed by the DFINITY Foundation, ICP aims to create a decentralized internet that could revolutionize various industries, especially AI. As AI and blockchain technology evolve, ICP’s role in shaping their future becomes increasingly significant. Meanwhile, in a different sector of the crypto market, Mpeppe (MPEPE) is capturing attention as it carves out its own space, particularly in the gaming and meme coin arenas. ICP’s Influence on AI Technology ICP’s innovative approach to decentralization is its most significant contribution to AI technology. By offering a scalable, secure, and decentralized platform, ICP enables developers to build AI applications that are both powerful and resistant to censorship and centralized control. This is crucial in today’s world, where data privacy and security are more important than ever. Similarly, Mpeppe (MPEPE) is taking a decentralized approach to disrupt the meme coin market by integrating with blockchain-based gaming platforms, creating a synergy between entertainment and cryptocurrency that appeals to a broad audience. The decentralized nature of ICP allows AI applications to operate globally without relying on traditional cloud service providers. This opens new possibilities for AI developers, who can now leverage the full power of decentralized computing. ICP’s focus on scalability ensures that AI applications can handle large volumes of data and perform complex computations in real-time, making it a critical player in the AI revolution. On the other hand, Mpeppe is leveraging its blockchain infrastructure to enhance gaming experiences, ensuring that players benefit from fast, secure, and transparent transactions. Upcoming Releases and Developments The DFINITY Foundation is continually working to enhance the Internet Computer platform to better support AI applications. One of the most anticipated developments is the integration of advanced AI toolsets into the ICP ecosystem. These toolsets will provide developers with the resources they need to build and deploy sophisticated AI models on a decentralized network, further bridging the gap between AI and blockchain technology. At the same time, Mpeppe is preparing for its own series of releases aimed at expanding its footprint in the gaming and meme coin markets. These include new features that will allow Mpeppe (MPEPE) to integrate seamlessly with popular gaming platforms, thereby increasing its utility and appeal. Additionally, upcoming releases are expected to improve ICP’s consensus mechanism, making it more efficient and reducing latency. This will enhance the performance of AI applications running on the network, making ICP an even more attractive platform for developers. Similarly, Mpeppe is set to roll out enhancements that will streamline in-game transactions, offering users faster and more reliable ways to engage with the Mpeppe ecosystem, potentially driving its adoption even further. Another exciting development is the launch of ICP’s decentralized data marketplace. This marketplace will allow AI developers to access and share data securely and decentralized, fostering innovation and collaboration in the AI space. By democratizing access to data, ICP aims to level the playing field, allowing smaller developers and startups to compete with industry giants. Mpeppe is also looking to democratize access within its niche by enabling players and investors to participate in gaming economies through its token, which can be used for in-game purchases, staking, and more. ICP Price Predictions: What Lies Ahead? ICP’s price has experienced volatility since its launch, reflecting the unpredictable nature of the cryptocurrency market. However, as the platform continues to evolve and integrate more AI-focused features, analysts believe that ICP’s value could see significant appreciation in the coming years. This upward momentum could be mirrored by Mpeppe, which, despite being a meme coin, has shown strong potential due to its unique position within the gaming industry and its growing community of supporters. As ICP becomes more integral to AI application development and deployment, demand for the token is expected to rise, potentially leading to a substantial increase in its price. Mpeppe (MPEPE) could follow a similar trajectory, particularly as it gains traction in the gaming world. With its presale already raising nearly $2 million, Mpeppe is positioning itself as a meme coin with real-world utility, something that could drive significant value appreciation. Some predictions suggest that ICP could see its price double or even triple over the next year, particularly if the broader crypto market experiences a bull run. The same could be said for Mpeppe, especially if it continues to expand its ecosystem and attract new users through its innovative features and strong community engagement. However, like all cryptocurrencies, both ICP and Mpeppe are subject to market volatility, and short-term fluctuations are expected. Mpeppe (MPEPE): A Rising Star in the Meme Coin Universe While ICP is making strides in AI and blockchain, another cryptocurrency is capturing the attention of the market: Mpeppe (MPEPE). Unlike traditional meme coins that rely solely on hype, Mpeppe is positioning itself as a serious contender with its unique blend of humor, community engagement, and real-world utility, particularly in the gaming and casino sectors. Mpeppe’s approach is akin to ICP’s in that it seeks to leverage blockchain technology to create a more immersive and decentralized user experience. Mpeppe’s presale has already raised nearly $2 million, highlighting the growing interest from investors. As ICP holders look to diversify their portfolios, Mpeppe’s potential for high returns becomes increasingly attractive. With its community-driven approach and promising prospects, Mpeppe is quickly becoming a hot topic in crypto circles, similar to how ICP has captured the attention of AI developers and blockchain enthusiasts. Conclusion The Internet Computer (ICP) continues to make significant contributions to the blockchain and AI sectors, with upcoming releases that promise to enhance its capabilities. As ICP evolves, its impact on AI technology is expected to grow, making it a key player in the future of decentralized applications. Meanwhile, Mpeppe (MPEPE) is capturing the imagination of investors and meme coin enthusiasts, offering a unique opportunity for those looking to capitalize on the next big trend in the crypto market. Together, ICP and Mpeppe represent the dynamic and ever-changing landscape of the cryptocurrency world, where innovation and opportunity are always just around the corner. Whether through revolutionary AI applications or the latest meme coin sensation, the future of crypto continues to unfold with exciting possibilities. Both ICP and Mpeppe are set to play pivotal roles in their respective domains, showcasing the diversity and potential within the broader crypto ecosystem. For more information on the Mpeppe (MPEPE) Presale: Visit Mpeppe (MPEPE) Join and become a community member: https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
The crypto market is witnessing an interesting trend as liquidity continues to grow, although the impact on the market remains muted. According to a report by CryptoQuant analyst Cauê Oliveira, over $3.65 billion has flowed into the market through the stablecoin USDT over the last 30 days. Liquidity Surges, But Market Isn’t Impacted This increase […]
Solana (SOL) has had a tumultuous year, leaving many investors disillusioned with its performance. After a stellar run in 2023, the year 2024 has proven to be challenging for Solana (SOL), with significant price drops and declining trading volumes. As Solana (SOL) struggles to maintain its momentum, a growing number of Solana (SOL) holders are […]
Ethereum (ETH) has long been a cornerstone of the cryptocurrency market, serving as the foundation for decentralized applications, smart contracts, and a host of other blockchain innovations. Recent developments have only strengthened its position. BlackRock, the world’s largest asset manager, has achieved a significant milestone in the crypto world, with its Ethereum ETF (ETHA) becoming the first of its kind to surpass $1 billion in net inflows. This accomplishment is a clear indicator of the growing institutional interest in Ethereum-based products. However, while Ethereum continues to dominate headlines, a new player in the crypto space is rapidly gaining momentum: Mpeppe (MPEPE). This meme coin has quickly become one of the fastest-growing cryptocurrencies, capturing the attention of both retail and institutional investors alike. The Ethereum Success Story BlackRock’s ETHA ETF has not only achieved a $1 billion milestone but has also set the stage for further institutional adoption of Ethereum. This success is particularly significant as it reflects a broader trend of growing confidence in Ethereum’s long-term viability. The fact that BlackRock’s Ethereum ETF outpaced other crypto ETFs in net inflows suggests that large-scale investors see Ethereum as a critical asset in their portfolios. The ETHA ETF’s success is part of a larger pattern of growing institutional involvement in the cryptocurrency market. With Ethereum’s market capitalization still second only to Bitcoin, it’s clear that ETH remains a crucial player in the blockchain ecosystem. BlackRock’s achievement further cements Ethereum’s role as a leading digital asset, especially as it continues to attract significant capital from around the globe. Mpeppe (MPEPE): The Fastest Growing Meme Coin While Ethereum is making waves in the institutional investment world, Mpeppe (MPEPE) is capturing the imagination of the retail crypto community. As a meme coin, Mpeppe has benefited from the growing popularity of meme-based cryptocurrencies, a trend that has seen tokens like Dogecoin and Shiba Inu skyrocket in value. However, Mpeppe is not just riding the coattails of these predecessors; it is carving out its own niche as one of the fastest-growing meme coins in the market. The rapid growth of Mpeppe can be attributed to several factors. Firstly, its presale success has been nothing short of remarkable, raising nearly $2 million as it approaches the final stages of its offering. This level of interest indicates strong market confidence in the token’s potential for explosive gains. Secondly, Mpeppe has managed to build a vibrant and engaged community, a key ingredient for the success of any meme coin. The community’s enthusiasm is palpable, and it’s this grassroots support that often drives the value of such tokens. Comparing Ethereum and Mpeppe: Different Paths, Similar Potential Ethereum and Mpeppe (MPEPE) represent two very different aspects of the cryptocurrency market. Ethereum is the established powerhouse, with a strong foundation in decentralized technology and a growing presence in institutional portfolios. Mpeppe, on the other hand, is the up-and-coming challenger, driven by the speculative fervor that often accompanies meme coins. While Ethereum’s growth is likely to be steady and sustained, Mpeppe offers the potential for more rapid, albeit more volatile, gains. For investors, the decision between these two assets may come down to risk tolerance and investment strategy. Ethereum is the safer bet, backed by institutional interest and a well-established ecosystem. Mpeppe, however, presents an opportunity for those willing to take on more risk in exchange for the possibility of outsized returns. The Future of Ethereum and Mpeppe The future looks bright for both Ethereum and Mpeppe (MPEPE), albeit for different reasons. Ethereum’s continued adoption by institutional investors, as evidenced by the success of BlackRock’s ETHA ETF, suggests that it will remain a dominant force in the cryptocurrency market. As more ETFs and financial products are developed around Ethereum, its influence is likely to grow even further. Mpeppe, meanwhile, is poised to capitalize on the ongoing interest in meme coins. Its rapid growth and strong community support suggest that it could be the next big thing in the meme coin space. For those who missed out on the early days of Dogecoin or Shiba Inu, Mpeppe represents a new opportunity to get in on the ground floor of a potentially explosive asset. In conclusion, while Ethereum continues to solidify its position as a leading cryptocurrency, Mpeppe is emerging as a formidable contender in the meme coin market. Both assets offer unique opportunities for investors, depending on their risk appetite and investment goals. As the cryptocurrency landscape continues to evolve, these two coins are likely to remain at the forefront of investor interest. For more information on the Mpeppe (MPEPE) Presale: Visit Mpeppe (MPEPE) Join and become a community member: https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
Law enforcement authorities are proactively seeking out and closing Bitcoin ATMs that are frequently involved in extortion and scams.
The US, EU, and UK sign the world’s first legally binding international AI treaty, prioritizing human rights and accountability in AI regulation.
The ASI Alliance urges decentralization in cloud services to mitigate vulnerabilities in AI development, ensuring both security and innovation.
With the crypto market reclaiming the $2 Trillion valuation, the memecoins have experienced a strong bullish bounce back in their respective valuations. Further, with the current market sentiments, investors are constantly surfing the meme coin category for a potential 100X Gem! Can these 4 memecoins outperform the top cryptocurrencies during the upcoming AltSeason? Scroll down …
Restaking protocol EigenLayer said it will distribute 86 million EIGEN tokens, around 5% of the total supply, to stakers, node operators, ecosystem partners and community members.
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Infinite Reality is tapping the considerable resources of Google to build “more immersive and social digital experiences” for businesses.
Bitcoin remains below $60,000 and is falling. While there is optimism that bulls will flow back and reclaim key resistance levels in the coming days, one analyst on X is bearish. Bitcoin Must Clear This Level For Bulls To Take Over In a post on X, the analyst said the short-term trend will favor sellers […]
A new narrative is emerging among seasoned crypto analysts who are now forecasting the advent of the industry’s first ever secular bear market. This prediction suggests a sweeping transformation could be imminent, characterized by a prolonged downturn lasting potentially for years, diverging from the relatively short-term cycles typically associated with the crypto market. Crypto’s First Ever Secular Bear Market The conversation around this shift was sparked by a query to CrediBULL Crypto (@CredibleCrypto), a renowned crypto analyst with 417,000 followers on X, who was asked about the impact of celebrities and sports stars entering the crypto space with their own coin offerings. Responding to concerns that this trend might dilute the purity and utility of cryptocurrencies, @CredibleCrypto offered a decisive view on the future trajectory of the market. “Most of this stuff will get wiped out in the next bear market imo. Our first secular bear market in this space since inception. The .com bust of crypto – where 99% of the junk will be erased, never to return, while the FAANG of crypto will emerge on the other end and thrive for the next couple decades (.com boom of crypto),” @CredibleCrypto remarked. This analogy to the dot-com bubble posits that much like the burst that cleared out weaker internet stocks while establishing tech giants, the secular crypto bear market could similarly purge lesser, speculative projects and pave the way for stronger projects to dominate. Related Reading: Crypto Market Stuck In A Rut? Here’s Why 2024 Bitcoin Breakout May Be Delayed Adding to the discourse, @astronomer_zero, another crypto analyst, highlighted the typical market psychology that precedes such downturns. He remarked, “Yeah, the party is soon over. After we move into euphoria first once more, because markets almost never crash on fear. And for a big crash, big euphoria is required. ‘A bubble cannot pop if it doesn’t exist’. Just so we can have a slightly bigger taste of celebrity/main adoption bubble greed, pulling in more liquidity to fuel the drop. Secular bear market starts in 2026/27.” Remarkably, the S&P 500 is already moving towards a “blow off top” scenario. As noted by another analyst, the S&P 500 is already showing a steeper angle than in 2007 prior to the Great Financial Crisis (GFC). Astronomer clarified: “That is true and this move is part of the final stages. But that is SPX. I talked about how SPX is not correlated to BTC and how BTC is evolving to an asset of safety faster than the general public’s expectations.” Calls for a US recession and a blow-off top for the global financial markets are getting increasingly louder on X. One of the most vocal proponents of this theory is Henrik Zeberg, head macroeconomist at Swissblock. He suggests that preemptive measures by the US Federal Reserve, aimed at staving off a recession through substantial liquidity injections, could drive major indices to new heights. Related Reading: Crypto Guru Arthur Hayes Is ‘Short-Term Bearish’: Here’s Why Specifically, Zeberg forecasted the S&P 500 reaching between 6,100 and 6,300, the Nasdaq climbing to between 24,000 and 25,000, the Dow Jones to about 45,000, and Bitcoin peaking between $115,000 and $120,000 before a recession sets in around December 2024. The concept of a secular bear market, while new to the crypto market, has historical precedents in traditional financial markets. Such periods are marked by a downward trend in asset prices over extended periods, often spanning multiple economic cycles. Unlike cyclical bear markets that are relatively short-lived and followed by quick recoveries, secular bear markets exhibit prolonged stagnation or decline, interrupted occasionally by partial recoveries that do not revert to previous highs. The most-widely known examples for secular bear markets are The Great Depression (1929-1942) and the Dot-com Bubble Burst (2000-2013). Following the burst of the dot-com bubble in 2000, the US stock markets, particularly technology-heavy indices like the NASDAQ, experienced a significant downturn. The NASDAQ did not regain its peak 2000 levels until 2015, marking a long period of recovery. At press time, Bitcoin traded at $57,188. Featured image created with DALL.E, chart from TradingView.com
Genomes.io CEO Aldo de Pape tells The Agenda podcast that customers should be wary about giving away their DNA data for free, as its true value is astronomical.
Crypto weakness may be a red flag for traditional risk assets, one analyst said.
The sluggish demand for US spot Ethereum ETFs highlights the challenges of attracting investors without staking rewards and amid market downturns.
The post Demand still sluggish for US Ethereum ETFs one month after debut—here’s why appeared first on Crypto Briefing.
Despite the increased negative trend in the crypto market, the Helium (HNT) token has defied all odds and surged 18.36% in the past 36 hours. This has resulted in this Solana-based altcoin coming under the limelight and radar of the investors. Further, this makes its long-term investors optimistic about its monthly price action. Planning on …
Mastercard partners with Mercuryo to launch a euro-denominated crypto debit card, enabling users to spend crypto from self-custodial wallets at over 100 million merchants.
ZachXBT identifies gaps in block explorer quality across several L1 blockchains, urging significant improvements.
Polygon has successfully upgraded its network token from MATIC to POL, effective September 4, 2024. This community-driven upgrade transitions POL as the native gas and staking token for Polygon’s proof-of-stake network. MATIC holders on Ethereum can easily migrate to POL using the Polygon Portal interface. The upgrade aligns with Polygon’s vision of becoming a unified …
Bitcoin’s halving may no longer have a fundamental impact on BTC and other digital assets’ prices, according to a report by web3 accelerator Outlier Ventures, published on September 3, 2024. Four-Year Cycle A Thing Of The Past? Authored by Jasper De Maere, the report posits that it’s time for founders and investors to move past […]
Mastercard's support for self-custodial crypto wallets could accelerate mainstream crypto adoption and enhance the integration of digital assets in everyday commerce.
The post Mastercard expands support for self-custodial crypto wallets with Mercuryo appeared first on Crypto Briefing.
Google searches for the term Bitcoin have plummeted to their lowest point since August 2023, signaling a notable decrease in public interest and engagement with the leading cryptocurrency. The decline in search interest may indicate a cooling period for Bitcoin, as fewer people seek information about the cryptocurrency. This could be influenced by various factors, …