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Pepe Coin Hits New ATH As Smart Moneys Shift 250.5B PEPE, What’s Next?

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PEPE Coin, a meme-based cryptocurrency, has recently hit a new all-time high (ATH), attracting significant attention from the crypto community and investors. The coin’s value surged dramatically as “smart money”—a term often used to describe institutional investors or individuals with insider knowledge—shifted a staggering $250.5 billion into PEPE. This movement has sparked speculation about the coin’s future and its potential to become a mainstay in the volatile cryptocurrency market.

Smart Money Moves and Market Impact

The substantial investment from smart money into PEPE Coin indicates a strong belief in the coin’s potential for growth. These investors often have access to more sophisticated tools and analyses, suggesting that the influx of capital might be driven by underlying market signals or strategic forecasts. This investment has not only boosted PEPE Coin’s market cap but has also increased its visibility and credibility within the crypto space.

What’s Next for PEPE Coin?

With the recent surge, the future of PEPE Coin appears promising, but it is not without challenges. Here are some potential scenarios and factors to consider:

Increased Volatility:

As with many meme coins, PEPE Coin is likely to experience significant price fluctuations. The involvement of smart money might stabilize the coin to some extent, but retail investor behavior can still lead to volatile swings.
Market Sentiment:

The perception of PEPE Coin in the broader market will play a crucial role. If the coin continues to gain traction and support from influential figures or communities, it could see sustained growth.
Regulatory Environment:

The regulatory landscape for cryptocurrencies is evolving. Any new regulations, especially those targeting meme coins or highly speculative assets, could impact PEPE Coin’s trajectory.
Technological Developments:

Enhancements to the coin’s underlying technology or integration into broader blockchain ecosystems could bolster its utility and adoption.
Community Engagement:

The strength and activity of the PEPE Coin community will be essential. A vibrant, engaged community can drive use cases, increase adoption, and provide a support network during downturns.
Conclusion

PEPE Coin’s recent all-time high marks a significant milestone, driven by a substantial influx of smart money. While this signals confidence in the coin’s potential, its future will depend on various factors, including market sentiment, regulatory developments, and technological advancements. Investors and observers will be keenly watching how these elements unfold in the coming months.

Source: coingape.com

The post Pepe Coin Hits New ATH As Smart Moneys Shift 250.5B PEPE, What’s Next? appeared first on HIPTHER Alerts.

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Blockchain

Move and earn leader STEPN drops new app and gaming token

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FSL, the global gaming and development studio behind web3 lifestyle app STEPN, NFT marketplace MOOAR, and social-strategy game Gas Hero, has officially announced the launch of STEPN GO. The new product is a social lifestyle app that rewards your daily movement and social interactions. Today marks an exciting milestone with the release of the STEPN GO Whitepaper and Tokenomic model. The game introduces a new token, GO GAME TOKEN (GGT), which users can earn by walking, jogging, and running with digital NFT Sneakers. There will also be a PvP game feature that allows users to earn GMT, the FSL Ecosystem token.

The original STEPN app was launched in 2021 and remains the world’s leading ‘Move and Earn’ application, pioneering the genre of gamified web3 fitness applications. With over 5.6 million registered users and over 1 million Sneaker NFTs owned by players, STEPN achieved monumental success, acquiring a global community. STEPN has partnered with prolific brands over the years including ASICS, Steve Aoki, and most recently adidas. STEPN was also the first blockchain gaming app to integrate Apple Pay, creating a seamless onboarding experience for web2 native users.

Yawn Rong, Co-Founder of FSL commented, “The STEPN community has been requesting social features within the app since the early days of STEPN. Therefore, we’re so excited to reveal these new features, which will propel STEPN GO into mainstream adoption. In addition to the Haus Mechanism and Interactive Map, we will also implement PvP elements within the app. Community is at the heart of everything we do at FSL, and we are ecstatic to announce this monumental milestone today, reinforcing our commitment to empowering and engaging our users.”

Building on the success of STEPN, FSL has designed unique social features within STEPN GO. The first key social element is the ‘Haus System’, which is a lending system that allows users to share their Sneaker NFTs with friends and family members who are new to the app, and split their earnings. This system will enable easy onboarding for new users to enjoy the app and kickstart their fitness journey. Another unique feature will be the ‘Interactive Map’, which will allow users to see other players’ avatars and even add them as friends within the platform. This Interactive Map will also allow users to drop messages that can be found by other players out doing STEPN GO runs.

Jerry Huang, Co-Founder of FSL added, “With STEPN GO, anyone can onboard their friends and family to web3 without needing to create a wallet or even buy NFTs. Exercise will be more fun and rewarding. We will combine fitness with many enjoyable experiences, including having your own customizable avatars with unique outfits!”

The Alpha Version of STEPN GO is set to launch by Q3 2024 with a Sneaker NFT Alpha Prize Draw lasting one month. A total of 3,000 Sneaker NFTs will be distributed within the app. To enter, users will be required to lock GMT. Access to the Alpha Prize Draw will be limited to FSL ID users, ensuring the most loyal FSL community members are rewarded. An additional 2,000 Sneakers will also be given away via the STEPN X account and STEPN GO Discord. Make sure to follow STEPN on X for your chance to win a Sneaker and gain early access.

The post Move and earn leader STEPN drops new app and gaming token appeared first on HIPTHER Alerts.

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Blockchain

CBiGroup Completes $15M Series A Funding, Focuses on R&D

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CBiGroup Completes $15M Series A Funding, Focuses on R&D

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Blockchain

Correction: CBiGroup Completes $15M Series A Funding, Focuses on R&D

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CBiGroup Completes $15M Series A Funding, Focuses on R&D

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