Dogecoin is at a crucial price level following a market surge driven by the Federal Reserve's announcement of a 50 basis point interest rate cut. The meme coin is on the verge of breaking a resistance that could ignite a rally to new highs.
Cryptocurrency analyst and trader Ali Martinez, known on the X platform as simply Ali, has taken to his social media account to share that the largest meme cryptocurrency by market cap value, Dogecoin, is likely preparing to break out soon.
Dogecoin (DOGE), the memecoin known for its Shiba Inu mascot, has witnessed a significant increase in network activity. Over the past week, transactions surpassed 1.93 million, according to data from IntoTheBlock, positioning DOGE above other popular tokens such as Shiba Inu (SHIB), Floki (FLOKI), and Pepe (PEPE).
Dogecoin could be gearing up for another major surge in price as the meme coin's chart shows the formation of a major pattern. The Golden Cross pattern is a major bullish formation on a chart that usually precedes a notable rally for digital assets such as DOGE.
Increasing activity for DOGE: over 1.93 million weekly transactions
Binance Coin (BNB) holders have waited several months for the altcoin to reclaim the $600 price mark. The increased demand it currently enjoys suggests that this milestone could be achieved sooner rather than later.
Check out which meme coins witnessed a double-digit price rally in the last 24 hours.
Meme coin leaders Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have rallied 4.5% and 8% after the announcement of a 50-basis points rate cut in interest rates. What Happened: Interest rate cuts have prompted crypto traders to predict bullish momentum for the cryptocurrency markets.
A spike in transactions suggests a potential revival of user engagement and could indicate growing adoption or increased trading activity - leading to higher prices.
PEPE price reclaimed the $0.00008 level on Sept 19, up 7% in 24-hours, amid rising market liquidity triggered by the US Fed Rate Cut announced on Wednesday.
The crypto market update for September 19, 2024 Asian trading hours sees Bitcoin break above $62,000. BTC price rose as traders cheered the US Federal Reserve's 0.5% interest rate cut – the first one since 2020. Most altcoins also traded higher, with Ethereum gaining to above $2,450.
Dogecoin (DOGE) price has been facing a prolonged downtrend for over five months, with the meme coin struggling to break free. Recent price action suggests that DOGE's anticipated breakout might not materialize anytime soon.
The cryptocurrency markets continued their recent uptick, with major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Toncoin (TON), in the green.
BNB Chain launches 'Gas-Free Carnival' enabling gasless stablecoin transfers with partnerships from leading exchanges, wallets, and bridges.
BNB forms inverse head and shoulders pattern—could a breakout push prices up by 19% to $725?
Billy Markus, known on the X platform as Shibetoshi Nakamoto, who created the iconic meme cryptocurrency Dogecoin in tandem with Jackson Palmer in 2013, has shared his take on the way Bitcoin price reacted to the big interest rate loosening made by the Fed Reserve.
Polkadot (DOT), a leading player in the Web3 space, is showing early signs of recovery after recent declines. With a series of technical and liquidity indicators pointing to potential gains, many investors are eyeing the $4.25 mark as a possible target.
Amid the ongoing altcoin recovery triggered by the recent Bitcoin (BTC) price pump above $62k for the first time in September following the first Fed's rate cut on Wednesday, leading meme coin, Dogecoin (DOGE) has signaled a potential bull up run in the near term.
There has been a lot of activity on-chain for Dogecoin (DOGE) recently, which suggests that people invested in cryptocurrencies are feeling more optimistic toward the popular dog-themed meme coin.
Considering the erratic nature of crypto assets, the next project that will cash in worthwhile has always engaged the interest of almost every investor. Hence news, Rexas Finance (RXS) token circles as one of the RWA tokenizations with the potential to grow rapidly up to overtake Dogecoin (DOGE) and Toncoin (TON) in Mid 2025 market cap. In this presale, the Rexas finance token is priced so cheap at $0.04 depicting that it is at the young stage but so much enticing especially to institutional investors because of its investment value.Will Rexas Finance overtake DOGE and TON in terms of Market Cap? Why should you buy now? We answered all these questions in the article below.
BNB Chain has introduced the transfer of stablecoin without gas fee, a strategic move aimed at improving cross-chain liquidity.
BNB Chain, a community-driven blockchain platform, recently unveiled an upgrade aimed at enhancing its stablecoin infrastructure by introducing gasless transactions.
Dogecoin remained under bearish pressure, with a potential retest of the immediate support level if the momentum continues.
Dogecoin started a fresh increase from the $0.0985 support against the US Dollar. DOGE could gain pace if it clears the $0.1085 resistance.
Dogecoin is testing a crucial price level after a turbulent week that saw a 22% surge from local lows and a sharp 9% drop to its current price. The meme coin has experienced significant volatility, with choppy price action causing uncertainty among investors.
Binance Coin (BNB) navigates the cryptocurrency landscape, it faces an uphill battle in its quest to reach $600. Recent trading activity shows BNB struggling to convert critical resistance levels into support, particularly between $575 and $619.
The lackluster Dogecoin price action could change very soon as on-chain data suggests increased activity behind the scenes. Particularly, on-chain analytics company IntoTheBlock revealed a surge in daily transactions on the Dogecoin blockchain, pushing the count to its highest point since July.
Dogecoin has processed 1.93 million transactions over the past week, the highest level since early July.
As of now, BNB is trading just below the $550 mark, following a successful breach of the $540 resistance area. This momentum has led many traders to speculate about the coin's next moves, especially as the broader cryptocurrency market shows signs of bullish activity.
Binance Coin (BNB), one of the leading cryptocurrencies, has recently made headlines with its impressive performance. On September 17th, BNB successfully retested a crucial level of $530, and this development could signal a significant price rally in the near future.
Cryptocurrency markets are trading relatively flat after the Federal Reserve announced a 50-basis-point interest rate cut, making risk assets more attractive. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,376.37 -0.4% Ethereum (CRYPTO: ETH) $2,322.72 -1.3% Solana (CRYPTO: SOL) $130.3 -1.7% Dogecoin (CRYPTO: DOGE) $0.101 -0.3% Shiba Inu (CRYPTO: SHIB) $0.00001334 -0.04% Notable Statistics: IntoTheBlock data shows an 8% decline in large transaction volume and a 4% increase in daily active addresses.
Cryptocurrencies are registering an uptick as the market reacts to the Federal Reserve's interest rate cut on September 18. After topping $61.2k on Tuesday, BTC slipped back under $60k as market jitters resumed. However, with the Fed's 50 basis point interest rate decision, Bitcoin is back above $61k.
Cryptocurrency markets are trading relatively flat after the Federal Reserve announced a 50 basis points cut, making risk assets more attractive. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,376.37 -0.4% Ethereum (CRYPTO: ETH) $2,322.72 -1.3% Solana (CRYPTO: SOL) $130.3 -1.7% Dogecoin (CRYPTO: DOGE) $0.101 -0.3% Shiba Inu (CRYPTO: SHIB) $0.00001334 -0.04% Notable Statistics: IntoTheBlock data shows an 8% decline in large transaction volume and a 4% increase in daily active addresses.
Polkadot recently bounced off the $4 support zone but has struggled to maintain upward momentum. As of now, it appears to be headed back toward this critical level, making it an important focal point for traders.
Amid an underwhelming price action, canine-themed meme coin Dogecoin (DOGE) is now seeing a rise in one of its key metrics.
Binance founder and former CEO Changpeng Zhao (CZ) is set for imminent release, confirmed by the US Federal Bureau of Prisons (BOP).
On-chain data shows the Dogecoin miners have been accumulating recently. Here's what this could mean for the memecoin, based on past pattern.
Bitcoin is at a critical juncture, and analysts are divided about the potential impact of interest rate cuts on the market's direction.
Dogecoin (DOGE) has shown a promising bullish signal as key metrics skyrocket. According to IntoTheBlock, last week, Dogecoin processed an impressive 1.93 million transactions, marking the highest weekly transaction count since early July.
Pseudonymous crypto trader Master Kenobi believes that Dogecoin (CRYPTO: DOGE) will continue to outperform Bitcoin (CRYPTO: BTC) in the current market cycle. What Happened: In a detailed social media post, Kenobi noted that despite Dogecoin's initial creation as a joke, it has managed to gain significant attention and popularity in the crypto community.
TL;DR Gasless Transactions: BNB Chain introduces gasless transactions for stablecoins like USDT, USDC, and FDUSD, making transfers faster, cheaper, and more accessible. Enhanced Cross-Chain Liquidity: Collaborations with bridge providers like Celer enable zero-fee transfers and superior liquidity, simplifying asset movement across blockchains.
Blockchain network BNB Chain announced plans to collaborate with centralized exchanges to ensure users can make fee-free stablecoin deposits.
Internet Computer price retreated for the fourth consecutive day as network activity surged following the launch of fair minting protocols in its ecosystem. Internet Computer (ICP) dropped to $7.70, its lowest level since Sept.
SafePal and Bitget have already integrated the BNB Chain gasless solution, with additional support from the Binance Web 3 Wallet and Trust Wallet expected soon.
A recent analysis from a well-known Dogecoin (DOGE) enthusiast and technical analyst suggests that DOGE could be on the verge of a stunning price, as he pointed out that the meme coin is just a few weeks away from completing its first "golden cross" in over four years - a technical indicator often associated with upward momentum.
The Binance coin price plunged 0.66% during Asian trading hours on Wednesday. Despite the slight pullback, the BNB price maintains its prevailing bullish momentum amid the preparation of stablecoin-centric payment infrastructure and the upcoming release of former CEO Changpeng Zhao.
Opinions matter in the broader digital currency ecosystem. Dogecoin (DOGE) cofounder Billy Markus shared a strong opinion about crypto conferences on X.
Though BNB (BNB) has been trading with significant strength throughout 2024, the Binance cryptocurrency exchange's issues with the U.S. legal system have been a major cause of volatility since late 2023.