updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131The token jumped from $0.000009138 during the rally, briefly touching resistance at $0.000009681 before consolidating near $0.000009600, as per CoinMarketCap data.
Daily trading volume spiked to 5.61 trillion tokens, nearly triple the 30-day average of 1.89 trillion. According to Nansen, this surge followed heavy whale accumulation, with the top 100 non-exchange Ethereum addresses adding 3.4% to their PEPE holdings over the past month.
Meanwhile, exchange wallets saw a 2% decline in balances, hinting that coins are moving into long-term storage.
This shift reflects growing confidence from larger investors, with open interest in PEPE futures climbing toward $639 million as per CoinGlass data.
The weekly chart shows PEPE consolidating within a symmetrical triangle pattern. Price has been squeezed tightly between lower highs and higher lows, setting the stage for a decisive move.
A breakout above resistance at $0.000009681 could trigger a run toward the $0.00002500–$0.00003000 zone.
A measured move projection from the triangle points to a potential rally as high as $0.00004061, representing over 400% upside.
However, a failure to hold support around $0.00000900 risks a breakdown, with potential downside toward lower support levels.
Source: TradingView
Meanwhile, currently at 47.16, the RSI is suggesting neutral momentum with room for either a bullish breakout or a bearish reversal. Also, the MACD is flattening near zero, showing that momentum is coiling but not yet committed in either direction.
With whales accumulating, volumes surging, and technical patterns nearing completion, PEPE is at a crossroads.
At the same time, PEPENODE ($PEPENODE) is flipping the script on crypto mining – no expensive hardware, no technical skills, and no massive electricity bills.
Instead, it lets anyone join the mining game with just a few clicks by building virtual server rooms and launching digital nodes from any device.
The idea is simple: the more you upgrade your virtual setup, the more rewards you earn – and everything happens online, like a game.
This fresh, fun approach has already caught serious attention, with the presale raising over $1.61 million so far.
And with the next price increase just hours away, early buyers are rushing in to secure their spot before it jumps again.
To sustain long-term growth, PEPENODE incorporates strong deflationary mechanics. Around 70% of the tokens used for node purchases and upgrades are burned, steadily reducing supply and potentially increasing scarcity over time.
As an ERC-20 token built on Ethereum, $PEPENODE enjoys compatibility with existing wallets, decentralized exchanges, and DeFi platforms.
Early backers will also have the chance to rake in 809% in staking rewards.
To buy $PEPENODE, simply visit the official PEPENODE website and connect a supported wallet like Best Wallet.
Once done, follow the instructions to complete your purchase at just $0.0010831 per coin.
You can use existing crypto or a debit/credit card to complete the transaction.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
Amid exports restrictions on AI chips introduced by the US government, Nvidia expects a slowdown in the revenue growth in the ongoing Q4 quarter leading to a selling pressure on its stock.
Investors in Nvidia Corp (NASDAQ: NVDA) displayed a measured response to its recent quarterly (Q3 2024) report, which exceeded the average analysts’ estimates but fell short of the heightened expectations from shareholders heavily invested in the artificial intelligence (AI) boom.
Nvidia (NVDA) has released Q3 results that significantly exceeded Wall Street expectations. The chipmaker reported adjusted earnings of $4.02 per share, surpassing the anticipated $3.36. The revenue of $18.12 billion exceeded the estimated $16.09 billion, marking a remarkable 206% increase compared to the same period last year.
However, the company anticipates a negative impact in the upcoming quarter due to export restrictions that will affect sales to organizations in China and other countries. Nvidia expects the Q4 revenue to be approximately $20 billion. While this surpassed the average Wall Street prediction of $17.9 billion, some projections had reached as high as $21 billion.
Well, the slow growth projections led to the NVIDIA stock falling by an additional 1.74% in the after-hours. In a letter to shareholders, Nvidia’s finance chief, Colette Kress wrote:
“We expect that our sales to these destinations will decline significantly in the fourth quarter of fiscal 2024, though we believe the decline will be more than offset by strong growth in other regions.”
During a conference call with analysts, Kress stated that Nvidia is collaborating with clients in the Middle East and China to secure US government licenses for the sale of high-performance products. Although Nvidia is striving to create new data center products that align with government policies and do not necessitate licenses, Kress expressed skepticism about their significance in the fiscal fourth quarter.
Nvidia’s CEO, Jensen Huang, has leveraged expertise in graphics chips to lead in accelerated computing, particularly in training AI services. The company’s processors, renowned for parallel calculations that enhance data processing, are widely adopted for AI training.
In the recent quarter, data center revenue surged to $14.51 billion, surpassing StreetAccount’s consensus of $12.97 billion, with cloud infrastructure providers like Amazon contributing half of the revenue. Notably, Nvidia observed robust demand from GPU-renting clouds, contributing to healthy uptake. The gaming segment also performed well, generating $2.86 billion, an 81% increase from the StreetAccount consensus of $2.68 billion.
Nvidia introduced the GH200 GPU with increased memory and an additional Arm processor, targeting demand for such high-performance GPUs, exemplified by a $10 million purchase from Iris Energy for 248 H100s. Nvidia announced plans to introduce computing instances based on GH GPUs in Oracle’s cloud.
In the upcoming quarter, Advanced Micro Devices Inc (AMD) is set to introduce a rival to Nvidia known as the MI300. Despite this, analysts continue to stay optimistic about NVIDIA. The demand for GPUs remains higher than the available supply as the adoption of Gen AI expands across various industry sectors, according to a note from Raymond James analysts Srini Pajjuri and Jacob Silverman. They recommended a “strong buy” on Nvidia stock, expressing confidence in Nvidia’s ability to maintain a share of over 85% in Gen AI accelerators, even in 2024.
Dogecoin is losing its touch quickly in the face of the EverGrow coin in April 2022Dogecoin was the most unlikely currency to mint its first crypto millionaire in April last year, but it has struggled to keep up the pace in 2022. Dogecoin has lost 17.6% in price year-to-date. Finally, the trend is turning around with 3.35% growth in the past 24 hours – meanwhile, EverGrow Coin has grown 10% in the past 24 hours according to CoinMarketCap.
Hopes were high for Dogecoin after Elon Musk launched a takeover bid for Twitter. Dogecoin has long been a favorite of the Tesla CEO, and its price grew to $0.17 following the news last week. This has now fallen down again to $0.14 as the hype fades.
In the meantime, EverGrow Coin is up from lows last week of $0.00000037 to $0.00000041 today, April 19. Below we’ll look at the roadmaps for these two popular cryptocurrencies in 2022.
EverGrow Coin is a hyper-deflationary token that aims to consistently burn coins to raise prices even during bearish market cycles. A recent DigiFinex listing has given EverGrow Coin its highest 24-hour trading volumes all year as the new platform eased access to new investors. Previously, the best place to buy EverGrow Coin was on PancakeSwap.
While many tokens rise and fall according to market whims, EverGrow Coin has built-in coin-burning mechanisms to take advantage of increased volume. The token charges a 14% transaction tax on buy-sell orders with 2% set aside to strategically buy EGC and then burn those coins. With yesterday’s 24hr trading volume at over $3 million, this means at least $60,000 was collected to buy back and burn.
EverGrow Coin also rewards investors who hold long-term, with 8% of the transaction tax distributed instantly as BUSD stablecoin rewards. To date, EverGrow Coin has paid out $36 million to investors.
With rising volume in April 2022, EverGrow Coin predicts burning 5 trillion $EGC tokens per month – about 0.05% of supply.
Dogecoin launched in 2013 off the back of the popular doge meme, featuring a Shiba Inu dog surrounded by Comic Sans text like ‘wow’ ‘so cool’, and ‘doge’. Last April it saw a huge price rally influenced by Elon Musk’s vocal support of the coin on Twitter. When Elon Musk hosted a Saturday Night Live show its price hit an all-time high of $0.7376.
Dogecoin is the 11th largest cryptocurrency by market cap, currently at over $18.61 billion. It is the most popular meme-coin, and well above Shiba Inu in 15th place in the CoinMarketCap rankings.
Dogecoin’s price has crashed around 80% from its all-time high and is currently trading at $0.1404. The crypto-token relies heavily on news cycles and high-profile backers. The Robinhood CEO Vladimir Tenev recently suggested that Dogecoin could reach its goal of becoming the currency ‘of the people if it can ramp up its block times, currently at 1 minute.
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