The DMM conglomerate hopes the coins powering its anime-filled Web3 ecosystem will be used with and among its partners as well.
In the dynamic world of cryptocurrency, rivalries are as common as the next big token launch. However, in an unexpected turn of events, Husky Inu (HINU) holders are putting aside the competitive spirit that often drives the meme coin market. Instead of sticking exclusively to their canine-themed investment, many have started diversifying their portfolios by purchasing Mpeppe (MPEPE), a move that is as strategic as it is surprising. Let’s delve into why these investors are choosing collaboration over competition to maximize their returns. The Rise of Husky Inu: A Tale of Success Husky Inu (HINU) burst onto the crypto scene as a formidable contender in the meme coin market. Built on the Solana blockchain, it quickly became a favorite among investors looking for the next big opportunity after Shiba Inu and Dogecoin. Husky Inu’s presale success, raising over $368,000 in just a few weeks, signaled the beginning of a promising journey. Husky Inu’s appeal lies in its unique features, such as a deflationary mechanism that continuously reduces the circulating supply, and a capped token supply of 100 billion. These features are designed to increase the token’s value over time, making it an attractive investment. Additionally, its charity voting mechanism and commitment to fast, low-cost transactions on the Solana blockchain have further solidified its place in the market. Enter Mpeppe: The New Contender on the Block While Husky Inu (HINU) was busy establishing its dominance, Mpeppe (MPEPE) quietly entered the scene, ready to take the meme coin world by storm. Unlike Husky Inu (HINU), Mpeppe is an ERC20 token on the Ethereum blockchain, which gives it a different kind of appeal, especially for those already invested in Ethereum’s vast ecosystem. Mpeppe (MPEPE)’s presale has been nothing short of spectacular, with over $1.2 million raised and a significant portion of its tokens already sold. What makes Mpeppe (MPEPE) particularly attractive is its current price of 0.001777, offering a low entry point for investors who are looking to maximize their gains. The presale has been structured with strategic bonuses, including a 20% bonus for early investors, further incentivizing participation. Why Husky Inu Holders Are Diversifying with Mpeppe (MPEPE) At first glance, it might seem counterintuitive for Husky Inu (HINU) holders to invest in what could be considered a rival token. However, the savvy investors behind Husky Inu (HINU) recognize the value of diversification, especially in a market as volatile as cryptocurrency. By adding Mpeppe (MPEPE) to their portfolios, they are hedging their bets and positioning themselves to benefit from multiple success stories. Strategic Diversification: The crypto market is unpredictable, and even the most promising projects can experience setbacks. By investing in both Husky Inu (HINU) and Mpeppe (MPEPE), holders are spreading their risk across two different tokens with unique value propositions. This strategy allows them to capitalize on the growth of both projects, regardless of which one performs better in the short term. Maximizing Potential Returns: Mpeppe (MPEPE)’s presale price offers a tantalizing opportunity for significant returns. Given its low entry point and the potential for rapid appreciation once it hits the broader market, Mpeppe (MPEPE) presents an opportunity that Husky Inu (HINU) holders find too good to pass up. Leveraging Different Blockchains: Husky Inu (HINU) and Mpeppe (MPEPE) operate on different blockchains—Solana and Ethereum, respectively. This difference allows investors to tap into the strengths of both ecosystems. Solana’s speed and low transaction costs complement Ethereum’s established infrastructure and broad user base, giving investors the best of both worlds. Collaboration Over Competition: A New Era for Meme Coins? The decision by Husky Inu (HINU) holders to invest in Mpeppe (MPEPE) could signal a shift in how meme coin communities interact. Instead of viewing each other purely as competitors, there is a growing recognition that collaboration and diversification can lead to greater overall success. This approach could pave the way for a more integrated and cooperative meme coin market, where different tokens support each other’s growth rather than simply battling for dominance. Looking Ahead: What This Means for Investors For those holding Husky Inu (HINU), the move to diversify into Mpeppe (MPEPE) is a strategic one that reflects a deep understanding of the crypto market’s dynamics. By embracing both tokens, these investors are not only protecting themselves against potential downsides but also setting themselves up for potentially massive gains. As Mpeppe (MPEPE) continues its presale and Husky Inu (HINU) advances on its roadmap, the decision to hold both tokens could prove to be one of the smartest moves in the coming months. For those looking to maximize their returns, following the lead of these Husky Inu (HINU) holders might just be the key to unlocking substantial wealth in the near future. Conclusion The world of meme coins is evolving, and with it, the strategies of savvy investors. By putting aside traditional rivalries and embracing diversification, Husky Inu (HINU) holders are positioning themselves for success in a market that rewards both innovation and collaboration. Mpeppe’s (MPEPE) rise is just beginning, and those who join the movement early may find themselves reaping the rewards alongside their Husky Inu (HINU) counterparts. 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 cryptocurrency market has always been a rollercoaster of price movements and trends, and lately, two meme coins have been catching the attention of both investors and analysts: Dogecoin (DOGE) and Mpeppe (MPEPE). As Dogecoin continues to experience fluctuations amidst its established presence in the market, Mpeppe (MPEPE) is making significant strides in its presale stages, offering a unique opportunity for investors looking to capitalize on emerging trends. Dogecoin’s Steady Resilience Dogecoin (DOGE), the pioneer of meme coins, has long been a staple in the crypto world. Despite recent corrections, where Dogecoin (DOGE)’s price saw a slight downturn alongside PEPE, it remains a top choice for investors. Currently, Dogecoin (DOGE)’s price is hovering around $0.1057, with approximately 45% of its wallet addresses underwater. This data suggests that nearly half of Dogecoin (DOGE) holders are experiencing unrealized losses. However, this also indicates a lower probability of a mass sell-off, as investors are likely holding onto their DOGE in hopes of future gains. Interestingly, the on-chain activity for Dogecoin (DOGE) has seen a decline since mid-August, a trend mirrored by PEPE but not by Shiba Inu, which has seen a surge. Between August 16th and 22nd, the number of active addresses for Dogecoin (DOGE) dropped from 55,295 to 38,911, reflecting a slowdown in transactions. Despite this, Dogecoin (DOGE) continues to hold its ground, with many investors betting on its long-term potential. Mpeppe’s Promising Ascent While Dogecoin (DOGE) navigates its current market conditions, Mpeppe (MPEPE) is emerging as a formidable contender in the meme coin arena. Positioned within the Ethereum ecosystem, Mpeppe (MPEPE) is currently in its presale phase, where it has already raised over $1.2 million. With a current price of 0.001777 per token, Mpeppe (MPEPE) is attracting significant interest from investors looking to get in early on what could be the next big thing. One of the key factors driving Mpeppe (MPEPE)’s success is its strategic presale bonuses. Investors who participate in the early stages of the presale are rewarded with additional tokens, creating a compelling incentive to buy in now rather than later. This approach not only boosts the token’s initial market momentum but also fosters a sense of urgency among potential investors. Moreover, Mpeppe (MPEPE)’s compatibility with the Ethereum blockchain makes it an attractive option for those already invested in Ethereum-based assets. The token’s seamless integration with a wide range of wallets and smart contracts ensures that it can be easily adopted by the broader crypto community. With a total supply capped at 7.6 billion tokens, Mpeppe (MPEPE) is designed to maintain its value as demand increases. Comparing the Trends: Dogecoin vs. Mpeppe As Dogecoin (DOGE) continues to solidify its place in the crypto market, it faces competition from newer entrants like Mpeppe (MPEPE), which offers the allure of high returns and early investment opportunities. While Dogecoin’s price stability and widespread recognition make it a relatively safe bet, Mpeppe (MPEPE)’s potential for explosive growth makes it an attractive option for those willing to take on more risk. The presale success of Mpeppe is a testament to the growing interest in alternative meme coins. With each presale stage, Mpeppe (MPEPE) is edging closer to its public launch, where it could see a significant increase in value. For investors, the decision between Dogecoin (DOGE) and Mpeppe (MPEPE) may come down to a choice between stability and potential. Dogecoin (DOGE) offers a more established track record, while Mpeppe (MPEPE) presents the possibility of substantial gains as it moves through its development phases. Conclusion: The Future of Meme Coins As we move further into 2024, the meme coin market continues to evolve. Dogecoin (DOGE), despite its recent challenges, remains a strong contender with a dedicated community and significant market presence. On the other hand, Mpeppe (MPEPE) is carving out its niche, offering investors an exciting opportunity to get in on the ground floor of what could be the next big meme coin. For those looking to diversify their portfolios, both Dogecoin (DOGE) and Mpeppe (MPEPE) present unique opportunities. Dogecoin (DOGE) provides a sense of security with its established market position, while Mpeppe offers the thrill of high-reward potential. As always, investors should market outlook before making any decisions, but one thing is clear: both Dogecoin (DOGE) and Mpeppe are worth watching in the months ahead. 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 community has been abuzz with news of a significant move by an Ethereum (ETH) whale. This whale, known for making strategic and profitable investments, has gone all in on a new and promising cryptocurrency: Mpeppe (MPEPE), currently priced at just 0.001777. Why Is This ETH Whale Betting Big on Mpeppe? This move has caught the attention of many in the crypto world, prompting the question: why is an investor with substantial holdings in Ethereum (ETH) choosing to shift focus to Mpeppe (MPEPE)? The answer lies in a combination of factors that suggest Mpeppe (MPEPE) could be one of the most lucrative investments of 2024. The Appeal of Early Entry: Mpeppe (MPEPE) is currently in its ICO phase, with a token price of 0.001777. Early-stage investments in cryptocurrencies often offer the highest return potential, as those who get in before the market recognizes a token’s value can see substantial gains. The Ethereum (ETH) whale’s investment in Mpeppe (MPEPE) at this early stage indicates a belief in the token’s ability to deliver outsized returns. Community-Driven Growth: Mpeppe (MPEPE) is not just another meme coin riding on the coattails of its predecessors. It is building a strong, engaged community that drives its momentum. This grassroots approach is reminiscent of the early days of Dogecoin (DOGE) and Shiba Inu (SHIB), which both saw explosive growth thanks to passionate communities. The Ethereum (ETH) whale’s involvement could further galvanize the Mpeppe (MPEPE) community, driving the token’s value even higher. Diversification Beyond Ethereum: While Ethereum (ETH) remains a cornerstone of many crypto portfolios, diversification is key to managing risk and capitalizing on different market opportunities. By investing in Mpeppe (MPEPE), this whale is spreading risk across multiple assets, positioning themselves to benefit from the potential rise of a new star in the crypto sky. What Makes Mpeppe Stand Out? Mpeppe’s (MPEPE) unique value proposition lies in its blend of meme culture and tangible utility. Unlike many meme coins that rely solely on hype, Mpeppe (MPEPE) aims to build an ecosystem that offers real-world applications and benefits to its holders. Engagement Incentives: Mpeppe (MPEPE) is designed to reward active community members, encouraging participation through various incentives. This could range from staking rewards to exclusive access to community events or products, creating a sustainable model for growth and retention. Potential for High Returns: With its low entry price and growing popularity, Mpeppe (MPEPE) offers a high upside potential. For the Ethereum (ETH) whale, the decision to go all in on Mpeppe (MPEPE) likely stems from the belief that the token’s price will rise significantly as more investors recognize its value and utility. Market Timing: The timing of this investment is also critical. As the broader crypto market experiences fluctuations, new and innovative projects like Mpeppe (MPEPE) stand out as fresh opportunities for growth. The Ethereum (ETH) whale’s investment signals confidence that Mpeppe is poised to break out, particularly as other assets face stagnation or decline. The Ripple Effect of Whale Movements When a whale makes a move, the rest of the market often takes notice. This Ethereum (ETH) whale’s significant investment in Mpeppe (MPEPE) could trigger a wave of interest from other investors, both large and small. As news of this move spreads, it could lead to increased demand for Mpeppe, driving up its price and solidifying its place as a contender in the meme coin arena. Conclusion: A Strategic Bet on the Future The decision by an Ethereum (ETH) whale to invest heavily in Mpeppe (MPEPE) is more than just a bet on a new cryptocurrency, it’s a strategic move that reflects the potential for substantial returns. With a current price of 0.001777, Mpeppe (MPEPE) offers an attractive entry point for those looking to diversify their portfolios and capitalize on emerging trends in the crypto space. For investors inspired by this whale’s confidence, Mpeppe (MPEPE) presents a unique opportunity to get in on the ground floor of what could be the next big thing in cryptocurrency. As the token continues to gain momentum, those who join the Mpeppe (MPEPE) community now could find themselves at the forefront of a significant market shift. 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 cryptocurrency space is abuzz with excitement as the Ethereum ICO has gained significant traction, with Stage 3 hitting a remarkable 76% completion. This development underscores the growing interest and confidence in Ethereum (ETH) as a leading blockchain platform, particularly as it continues to solidify its position within the global financial ecosystem. With recent news highlighting Ethereum (ETH)’s impressive ETF performance, it’s clear that the momentum behind ETH is stronger than ever. However, as investors look to diversify their portfolios, many are also turning their attention to Mpeppe (MPEPE), a promising new token priced at just $0.001777, which offers a unique opportunity to maximize returns. Ethereum (ETH) Continues to Lead the Crypto Market Ethereum (ETH) has long been recognized as a pioneering force in the world of blockchain technology. Known for its smart contract capabilities, Ethereum (ETH) has enabled the creation of a multitude of decentralized applications (dApps) and has been the backbone of the booming decentralized finance (DeFi) sector. The ongoing Ethereum (ETH) ICO, now in its third stage, reflects the continued confidence that both retail and institutional investors have in the platform’s long-term potential. Stage 3 of the Ethereum (ETH) ICO has reached 76% completion, a milestone that not only signifies strong investor interest but also highlights the platform’s ability to maintain momentum in an increasingly competitive market. As Ethereum (ETH) continues to innovate and expand its ecosystem, the completion of this stage brings it one step closer to realizing its broader goals. Mpeppe (MPEPE): The New Token Gaining Attention While Ethereum (ETH) continues to dominate headlines, Mpeppe (MPEPE) has emerged as a token of interest among savvy investors looking for the next big opportunity in the crypto space. Priced at just $0.001777 during its Initial Coin Offering (ICO), Mpeppe (MPEPE) offers an attractive entry point for investors seeking significant potential returns with minimal risk. Mpeppe is not just another meme coin; it represents a blend of community-driven growth and strategic utility, making it an appealing choice for those looking to diversify their holdings. The token’s low price and the potential for exponential growth have caught the eye of many Ethereum (ETH) investors who recognize the importance of having a well-rounded portfolio. The Success of Ethereum ETFs and What It Means for Mpeppe The growing interest in Ethereum (ETH) is further exemplified by the recent success of the Ethereum-ETF by BlackRock, which has recorded net inflows exceeding $1 billion within just a month of its launch. Despite Ethereum (ETH) losing over 20% of its value since the ETF’s inception, the inflows into ETHA have outpaced those of the three next-largest Ethereum ETFs combined. This speaks volumes about the confidence that investors have in Ethereum’s long-term prospects. This success story of Ethereum-based ETFs highlights the broader trend of institutional interest in cryptocurrency, which bodes well for emerging tokens like Mpeppe (MPEPE). As institutional investors continue to pour money into established assets like Ethereum (ETH), the trickle-down effect could see increased attention and investment in promising new tokens like Mpeppe (MPEPE), especially as investors look to replicate their success with ETH by getting in early on other high-potential projects. Why Mpeppe (MPEPE) is the Perfect Complement to Ethereum (ETH) For investors already committed to Ethereum (ETH), adding Mpeppe (MPEPE) to their portfolio offers several strategic benefits: Low Entry Price with High Upside: Mpeppe (MPEPE)’s current price of $0.001777 presents an opportunity for significant returns with minimal initial investment, making it an excellent complement to a more stable asset like Ethereum. Community-Driven Growth: Like Ethereum, Mpeppe (MPEPE) leverages the power of its community to drive growth and adoption. This grassroots approach can lead to rapid market penetration and increased token value as more investors join the Mpeppe (MPEPE) ecosystem. Diversification: Investing in both Ethereum (ETH) and Mpeppe (MPEPE) allows investors to hedge against market volatility while positioning themselves to benefit from the growth of different segments within the cryptocurrency market. Market Timing: As Ethereum’s ICO progresses and its ETFs gain popularity, the broader crypto market is likely to see increased liquidity and investment. By getting in early on Mpeppe (MPEPE), investors can capitalize on this momentum and maximize their potential returns. Conclusion: A Strategic Move for Savvy Investors As the Ethereum ICO nears the completion of Stage 3, the momentum behind ETH continues to build, supported by strong institutional interest and the success of Ethereum ETFs. However, for those looking to diversify their portfolios and capture additional upside potential, Mpeppe (MPEPE) offers a compelling opportunity. With its low entry price, community-driven growth, and strategic positioning within the market, Mpeppe (MPEPE) is quickly becoming a favorite among investors who are eager to replicate the success they’ve seen with Ethereum. 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
Bloomberg’s editorial board says Harris and Trump shouldn’t “pander” to crypto. The piece itself panders to stereotypes about the digital assets industry.
In a video update titled “End of the Line and the Next Steps for 2024,” Charles Hoskinson, founder of Cardano, delivered a sharp critique of the current political and economic system. His remarks come after his participation at the Salt Conference—an event positioned as a counter to the annual Jackson Hole meeting by central bankers […]
In a week marked by economic anticipation and turbulence, the crypto market experienced a rollercoaster ride as the Bitcoin price surged and retreated in response to Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Economic Symposium. Bitcoin Price Rallies On Powell’s Dovish Tones Powell’s remarks struck a dovish tone, indicating that the central bank is open to further interest rate cuts in the coming months to address potential cooling in the labor market. This stance was positive for risk assets like Bitcoin, as it signals a more accommodative monetary policy stance from the Fed. Related Reading: Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14% Indeed, the Bitcoin price rapidly breached the $62,000 mark, a level it had not seen in over a week, as investors reacted positively to Powell’s comments. However, the rally was short-lived, as the price subsequently retreated to around $60,800. According to crypto analyst Inspo Crypto, Bitcoin now faces a critical juncture: We have to wait and see if Bitcoin consolidates below $61,000 again or heads towards the lower end of the upward channel, which is right at $60,000. If that breaks, we still have a safety net at $59,500. However, if BTC stays above $61,000 and the selling pressure eases, it could be an interesting and, above all, bullish weekend. Key Indicators Flip Positive Another analyst, Rekt Capital, noted that the Bitcoin price still lacks a daily close above $62,000, which would be needed to confirm a continuation of the recent price recovery. However, Rekt Capital suggested that Bitcoin could form a bullish flag pattern, similar to the one seen in early March 2024, which could enable a move towards $65,000 or higher over time. Market expert Ali Martinez highlighted a positive development, noting that Bitcoin’s bull-bear market indicator has switched back to bullish after oscillating between bearish and bullish territory since early August. This, Martinez suggests, could further bolster the case for continuing the price recovery witnessed over the past two weeks after Bitcoin briefly dipped to a 6-month low of $49,000 earlier this month. Related Reading: The Shiba Inu Shibarium Suffers 97.6% Crash In Active Accounts, What’s Going On? Looking ahead, Martinez has identified two crucial resistance levels to watch for Bitcoin: $64,045 and $66,250. According to Martinez, if the cryptocurrency can maintain support at $60,365, a move toward these higher price points could be in the cards. https://www.tradingview.com/x/V0tMHEUY/ For now, the Bitcoin price seems to have stabilized around $61,600 after the notable spike in volatility minutes after Powell’s speech. CoinGecko data shows that the largest cryptocurrency on the market is still up 2% in the 24-hour time frame. It will be important to watch what price BTC closes the day at, as it will be important to gauge the next week’s price movement before the expected monthly close.
Today, August 23, 2024, Federal Reserve Chair Jerome Powell’s speech at Kansas City has turned the overall cryptocurrency market green. Powell’s speech strongly indicates that interest-rate cuts are coming. Powell’s Signal on Interest Rate Cuts Following the speech, the overall cryptocurrency and US Stock markets have rallied significantly. In his speech, Powell stated, “The time …
Data shows that Bitcoin investors still hold a sentiment of fear as the cryptocurrency’s price continues to consolidate. Bitcoin Fear & Greed Index Is Currently Pointing At ‘Fear’ The “Fear & Greed Index” is an indicator created by Alternative that, in short, tells us about the general sentiment present among the traders in the Bitcoin and wider cryptocurrency markets. Related Reading: Aave Forms Sell Signal That Led To 27% Average Correction Last 4 Times To determine this sentiment, the index uses the data related to the following five factors: volatility, trading volume, social media sentiment, market cap dominance, and Google Trends. The indicator represents this mentality as a score between zero and hundred. Investors share a sentiment of greed when the metric has a value greater than 53. On the other hand, being under 47 implies dominance of fear in the market. The region between these two thresholds naturally corresponds to the neutral sentiment. Now, here is what the current value of the Fear & Greed Index looks like: As is visible above, the Bitcoin Fear & Greed Index is 34 at the moment, suggesting that the investors are feeling fear. The current fearful mentality isn’t too strong, given the distance to the neutral territory. Earlier in the month, the indicator had shown particularly low values, as the chart below displays. On August 6th, the Fear & Greed Index had hit a low of 17, the lowest that it had gone in more than two years. When the indicator achieves such low values, it no longer reflects just fear but rather a special sentiment called extreme fear. Extremity fear is defined as the zone that occurs at 25 and under. There is also a similar region for the greed side, called extreme greed, occurring over 75. Interestingly, the extreme fear low coincided with Bitcoin’s bottom under the $50,000 level. This is similar to what has been observed throughout the asset’s history. Related Reading: These Are The Biggest Bitcoin Support & Resistance Zones, Analyst Reveals BTC has tended to move opposite to the expectations of the majority, and the extreme sentiment zones are evidently where this expectation is the strongest, so it makes sense that reversals in the price would also be the most likely to occur inside them. With the sentiment sitting in the normal fear territory and the Bitcoin price consolidating, another foray into the extreme fear may be needed if Bitcoin has to kickstart fresh bullish momentum. How the indicator develops in the coming days remains to be seen. BTC Price Bitcoin has been unable to find a solid break above the $61,000 level recently, and it appears that the latest attempt may have ended in a similar failure as BTC, which has retraced to $60,800. Featured image from Dall-E, Alternative.me, chart from TradingView.com
Crypto wallets with easier sign-in options and recoverable passwords could become the industry standard in the future.
Crypto wallets with easier sign-in options and recoverable passwords could become the industry standard in the future.
A cryptocurrency address associated with the $305 million DMM Bitcoin hack in May has reportedly transferred 500 Bitcoin, valued at approximately $30.4 million. According to PeckShield Alert on Aug. 22, the suspect address initially split the funds between two separate addresses, each receiving around 250 BTC. #PeckShieldAlert #DMMBitcoin Hacker-labeled address has moved 500 $BTC (worth […]
Bitcoin bulls charge into key BTC price resistance as the US Federal Reserve gives a clear signal regarding interest rate cuts.
Bitcoin bulls charge into key BTC price resistance as the US Federal Reserve gives a clear signal over interest rate cuts.
Story Highlights The live price of the POLY token is Polymath might soar to a maximum of $0.22 by 2024. POLY price with a potential surge could go as high as $0.74 by 2030. A variety of industries, such as Defis, NFTs, Metaverse, and DAO, are prevalent in the crypto-sphere. A multitude of altcoins have …
Users of the Indian crypto exchange will be able to take out up to 66% of their rupee funds in two phases following a suspension instituted after last month's $230 million dollar hack.
Powell's dovish stance and potential rate cuts could boost investor confidence, leading to rallies in risk assets like Bitcoin and other cryptocurrencies.
The post Bitcoin jumps as Powell signals Fed policy adjustment appeared first on Crypto Briefing.
On-chain data shows that Bitcoin investors have recently been participating in accumulation at a rate five times that of miners’ production. Bitcoin Investors Have Been Doing Significant Net Accumulation Recently In a new post, analyst James Van Straten talked about how the demand among Bitcoin investors currently compares against the monthly issuance on the network. […]
Shiba Inu’s Shibarium recently suffered a major setback following a massive crash in active accounts on the layer-2 network. This development undoubtedly presents a bearish outlook for Shiba Inu, considering Shibarium’s impact on the meme coin’s price. Related Reading: Here’s What’s Going On With The Shiba Inu Price The Shiba Inu Shibarium Records 97.6% Crash In Daily Active Accounts Data from Shibariumscan shows that the layer-2 network suffered a 97.6% crash in its daily active accounts between August 20 and 22. Daily active accounts on Shibarium peaked at 2,955 on August 20. However, this figure significantly declined on August 21, dropping to 341, and further tumbled on August 22, dropping to 309. These daily active accounts refer to the number of wallet addresses transacting on the network on a particular day. The spike in daily active accounts on August 20 coincides with the surge in daily transactions on that same day, with 28,680 transactions processed on that day. It is worth mentioning that network activity on Shibarium had been on a downtrend before August 20. The number of daily active accounts on Shibarium in the last thirty days has been in the lower hundreds. August 1 was the only other day on which thousands of wallet addresses transacted on the layer-2 network, recording 1,898 daily active accounts. Likewise, daily transactions on the network have also been on the low, ranging between 1,000 and 5,000 daily transactions in the last thirty days. Many in the Shiba Inu community would have hoped that the surge recorded on August 20 was the beginning of an uptrend in the network’s activity. However, the 97.6% crash shows that Shibarium still suffers a downtrend. This development has also had ripple effects on the Shiba Inu ecosystem. The meme coin’s burn rate has drastically reduced, and there have been days when no token burn was carried out. 70% of base transaction fees earned on Shibarium are automatically meant to be converted to Shiba Inu and burnt. However, this automated burn mechanism has yet to be fully implemented, likely due to the low activity on the layer-2 network. Shibarium Has Still Come A Long Way Despite this setback for Shibarium, the layer-2 network has undoubtedly made significant progress since its launch last August. To mark its first anniversary, the official X (formerly Twitter) account for Shibarium highlighted some of its achievements. This included the fact that the network has processed over 417 transactions and boasts 1.8 million wallet addresses. Related Reading: Shiba Inu Secures Community Support To Rally To $1, Here’s How Furthermore, Shibarium has executed three hard forks (Delhi, Indore, and Shanghai), all adding “vital functionalities” to the network. The layer-2 network has also become home to notable decentralized finance (DeFi) applications, including the liquid staking platform K9 Finance. Gaming Finance (GameFi) is also set to become another of the network’s offerings, with the gaming platform Shiba Eternity set to launch on Shibarium. Cover image from Dall-E, chart from Tradingview
Bitcoin (BTC), the world’s biggest cryptocurrency has seen a notable breakout of the crucial $62,000 level after struggling for almost 20 days. Based on the price action and technical analysis, this is a breakout from a bullish ascending triangle, which may lead to a significant upside rally in the coming days. Biggest Breakout in Bitcoin …
Russia's move to establish crypto exchanges could reshape global trade dynamics but faces skepticism and potential sanctions-related challenges.
The post Russia plans to set up crypto exchanges to support global trade appeared first on Crypto Briefing.
You have probably been closely following the journey of Pepe Unchained (PEPU), which recently wrapped up its ICO after raising an impressive $10 million in just two months. This success story has made headlines, particularly as Pepe Unchained promises to revolutionize the meme coin space with its own Layer 2 blockchain. However, with the ICO […]
The world of cryptocurrency is filled with opportunities for significant gains, and three meme coins, in particular, are catching the attention of investors: Pepecoin (PEPE), Pepe Unchained (PEPU), and Mpeppe (MPEPE). Each of these tokens has unique strengths and growth potential, but which one will create the most millionaires in 2024? Let’s dive into what […]
Pepecoin (PEPE) has been making headlines once again, with a recent surge of 9.8% in just 24 hours. This rally has excited many investors, raising hopes that Pepecoin (PEPE) might lose another zero from its price before September rolls around. However, as thrilling as this potential profit sounds, many savvy investors are already looking beyond […]
As the Internet Computer Protocol (ICP) continues to gain momentum, savvy investors are looking to extend their profits by diversifying into other promising assets like Mpeppe (MPEPE). The recent advancements within the ICP ecosystem, particularly the implementation of Threshold-Schnorr signatures and enhanced Bitcoin integration, have fueled a rally that has captured the attention of the […]
Dawgz (DAWGZ), a meme coin built on the innovative Base blockchain, has been making headlines with its impressive presale, surpassing $3 million. However, even as Base Dawgz (DAWGZ) continues to gain traction, a significant number of its investors are turning their attention to a new and promising gambling token, Mpeppe (MPEPE), which is currently priced […]
Ripple’s XRP is gearing up for some short-term action. The coin might see a quick rise before it dips again. Looking ahead, there’s hope for a bigger move towards $0.75 to $0.85, but the ongoing SEC case will be a key factor in shaping its future. Analyst Cheeky Crypto said that XRP has been oscillating …
The AMOS stealer targeting Mac users can now clone Ledger Live software and may soon clone other wallet apps, warns cybersecurity firm Moonlock.
In a surprising turn of events, Render (RNDR) has seen its trading volume skyrocket by 41% over the past week. This surge comes as investors flock to capitalize on the latest Initial Coin Offering (ICO) for Mpeppe (MPEPE), currently priced at $0.001777. As Render (RNDR) continues to assert itself as a leader in the decentralized rendering space, savvy traders are diversifying their portfolios by including Mpeppe (MPEPE), which has shown promising potential for exponential growth. Render (RNDR) Continues to Lead in the Market Render (RNDR), known for its innovative approach to decentralized rendering services, has been on an upward trajectory, with its trading volume reflecting growing investor confidence. The token’s unique value proposition—providing GPU-based rendering power to the masses—has positioned Render (RNDR) as a key player in the crypto market, particularly in sectors such as gaming, AI, and virtual reality. As the demand for Render (RNDR) continues to rise, it’s clear that the project’s utility and real-world applications are driving its success. The recent 41% increase in trading volume is a testament to the community’s belief in Render (RNDR) and its long-term potential. Mpeppe (MPEPE) Emerges as the New Contender While Render (RNDR) garners attention for its established presence, Mpeppe (MPEPE) is quickly gaining momentum as a promising new ICO. Priced at just $0.001777, Mpeppe (MPEPE) offers an attractive entry point for investors looking to diversify their portfolios. The token, built on the Ethereum blockchain, is designed to capture the viral essence of meme culture while integrating seamlessly with decentralized finance (DeFi) and online gambling platforms. Mpeppe’s (MPEPE) presale has already raised significant funds, with 77.48% of the tokens sold. This strong performance has caught the eye of Render (RNDR) investors, who are now making strategic moves to include Mpeppe (MPEPE) in their holdings, anticipating the potential for substantial returns. The Strategic Move for Investors The decision by Render (RNDR) investors to shift some of their focus to Mpeppe (MPEPE) is not just about diversification—it’s about maximizing potential gains in a dynamic market. Render (RNDR) has already proven its worth, but as with any seasoned investor, the search for the next big opportunity is always on. Mpeppe (MPEPE), with its low entry price and viral marketing potential, presents an enticing opportunity. By integrating with the Ethereum blockchain, Mpeppe (MPEPE) ensures compatibility with a wide range of wallets and smart contracts, paving the way for widespread adoption. The tokenomics of Mpeppe (MPEPE) are also designed to drive scarcity, with any unsold tokens during the presale phase being burnt, further increasing the token’s value over time. How Render (RNDR) and Mpeppe (MPEPE) Complement Each Other For investors in Render (RNDR), adding Mpeppe (MPEPE) to their portfolio is a strategic move that leverages the strengths of both assets. While Render (RNDR) offers utility in the growing fields of AI and decentralized rendering, Mpeppe (MPEPE) taps into the viral power of meme culture and the lucrative world of online gambling. This combination allows investors to benefit from the stability and growth potential of Render (RNDR), while also positioning themselves to capture the explosive gains that could come from Mpeppe (MPEPE) as it gains traction in the market. The Future Looks Bright As the crypto market continues to evolve, those who can identify and capitalize on emerging opportunities stand to gain the most. The recent surge in Render (RNDR)’s trading volume is a clear indicator that the market is bullish on its future. At the same time, the growing interest in Mpeppe (MPEPE) suggests that this new ICO is poised to make significant waves. Investors who are currently holding Render (RNDR) and are looking to diversify should consider the potential of Mpeppe (MPEPE). With its low entry price and strong presale performance, Mpeppe (MPEPE) could be the next big thing in the crypto world, offering the chance for 100x returns as the token gains visibility and adoption. In conclusion, as Render (RNDR) continues to lead in the market with its innovative approach to decentralized services, Mpeppe (MPEPE) offers a fresh and exciting opportunity for those looking to boost their crypto portfolios. With both assets showing strong potential, savvy investors are positioning themselves for what could be significant gains in the months to come. 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