After intense selling this week, altcoins prices have begun to show strength over the past 24 hours. Ethereum leads the altcoin market with a 1.2% gain, while Hyperliquid has rallied 2.5% and Dogecoin and XRP each gained around 1%.
The move has provided some much-needed reliefafter cascading liquidiations rocked the market this week. However, as top altcoins start to find their footing, analysts are betting on a new project for the biggest gains.
It’s called PEPENODE and it’s building the world’s first Mine-to-Earn meme coin, a fully on-chain game where users earn real token rewards. With ties to Pepe’s meme appeal, coupled with its innovative use case and currently earn stage, some analysts are saying that it has 100x potential.
Right now, PEPENODE is undergoing a presale, allowing investors to buy in on the ground-floor before the token hits the open market. The presale is approaching the $1.5 million raised milestone, showing consderbale support among early market particiapants.
Falling Giants: HYPE, DOGE, and XRP Face Headwinds
The higher-time-frame momentum of the crypto market appears to be heading only one way – up. That’s because fundamentals remain highly bullish despite this week’s dip
Notably, this week’s PCE data met analysts expectations at 2.9% inflation for August, which bolsters the likelihood of two more rate cuts in 2025, according to various experts. On top of that, corporate treasuries continue to accumulate major cryptocurrencies, and there has been heightened on-chain adoption among institutions lately.
But while projects like Hyperliquid, Dogecoin, and XRP will likely benefit from the the market’s rising tide, recent developments signal that they may climb at a reduced rate compared to some competitors.
For Hyperliquid, it has just lost its leading market share in the perpetual futures DEX sector, with new BSC-based project Aster generating over two times more trading volume in the past 24 hours. This signals a shift in market dynamics and could suppress HYPE’s potential for gains if the trend persists.
Dogecoin, meanwhile, is in a tough spot for a different reason. With the first ever spot Dogecoin ETF launching last week and making no positive impact on its price, the community feels deflated. Right now, there are no major catalysts on the horizon that could help the DOGE price surge, and so until a new one forms, it’s price may be unable to gain any meaningful traction.
XRP is in a similar spot having recently had an ETF launch just over one week ago and its price has traded mostly downward since. Adding to that, the fact that Ripple Labs’ legal case with the SEC is complete, may actually contribute to this feeling of fatigue, since it’s another been-and-gone catalyst.
What XRP needs right now, like Dogecoin, is a new price driver, or a substantial influx of institutional buyers into its spot ETF. Another concern about XRP is that it just experienced its lowest daily close since July on its price chart, and although it has slightly climbed since then, it still reflects fear and uncertainty.
As mentioned, all three of these cryptos have printed gains today – so they’re not inherently bearish right now. What these abovementioned factors do underline is the signicant headwinds each face, helping paint a clearer picture on why analysts are betting on PEPENODE as the best crypto to buy instead.
Top Trader Predicts 100x Gain for PEPENODE
Projects like HYPE, DOGE, and XRP not only face fundamental diffciculties, but they each have market capitalizations in the billion of dollars. This combination massivley limits their upside compared to fundamentally strong, low-cap cryptocurrencies like PEPENODE.
PEPENODE is building the world’s first Mine-to-Earn meme coin, a virtual mining game where users buy and upgrade Miner Nodes to generate mining power and earn real meme coin rewards.
The PEPENODE token will be used to pay for Miner Nodes and upgrades, creating real utility. But the most exciting part is that 70% of PEPENODE tokens spent in the in-game store will be burned, creating deflationary pressure that could help promote long-term price growth.
And in addition to earning PEPENODE tokens, players who rise up the in-game leaderboard will also gain eliglbity for additional rewards in tokens like Pepe and Fartcoin, potentially boosting the game’s attractiveness to a wider audience.
This balance of meme appeal, crypto rewards, and compelling tokenomics is why analysts believe PEPENODE has huge potential. In one recent video, popular analyst Nazza Crypto backed it for 100x gains and named it as the best crypto to buy.
Conclusion: PEPENODE Could Beat the Market
Even with the struggles mentioned, there is every chance that Hyperliqud, Dogecoin, and XRP continue to gain in the bull market, but that does not mean they are the best cryptos to invest in.
As the first Mine-to-Earn meme coin, PEPENODE has a first-mover advantage that could fuel massive FOMO and utility-driven token demand. And factoring in its support from both analysts and investors, as well as its deflationary nature, it becomes apparent that this project might just deliver some of the strongest gains in the months ahead.
