Dogecoin market sentiment turns bearish as investors get impatient with DOGE's sustained consolidation.

Cryptocurrency markets are trading lower on Wednesday despite the Federal Reserve announcing a 0.25% rate cut in its latest FOMC meet. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $102,173.74 -3.9% Ethereum (CRYPTO: ETH) $3,714.81 -5.5% Solana (CRYPTO: SOL) $210.29 -7.3% XRP (CRYPTO: XRP) $2.36 -9.3% Dogecoin (CRYPTO: DOGE) $0.3654 -8.4% Shiba Inu (CRYPTO: SHIB) $0.00002458 -8.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 3.4% and daily active addresses falling by 12.8%.

Bitcoin dropped after Federal Reserve Chair Jerome Powell said the central bank would cut interest rates at a slower pace in the new year.

Pudgy Penguins (CRYPTO: PENGU) newly launched token has found its way into established media, coinciding with a rally on Wednesday. What Happened: In a FOX Business interview on Tuesday, Robinhood CEO Vlad Tenev expressed skepticism about meme coins, calling them “distractions.

Bitcoin's pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.

Anomalous activity has been detected in Dogecoin (DOGE) trading. As became known thanks to data from CoinGlass, derivatives trading with the popular meme cryptocurrency witnessed an abnormal imbalance in the last 24 hours.

The meme coin space is facing a mix of IP disputes and speculative frenzy as community-driven projects like Neiro (CRYPTO: NEIRO) tokens clash over legitimacy, while Fartcoin (CRYPTO: FARTCOIN)—an AI-inspired meme token—surged to a market cap of $763.9 million. What Happened: Own The Doge DAO, the organization holding the original Dogecoin (CRYPTO: DOGE) meme IP, announced that it has acquired the rights to use the likeness of Neiro.

Bitcoin (BTC) reached an all-time high for the second consecutive day, going past $108,000 and reaching a peak of $108,286. However, the cryptocurrency declined dramatically after reaching this level and is currently trading below $104,000, down almost 3% over the past 24 hours.

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Dogecoin (DOGE) continues to hold investor attention as it battles key support levels near 0.40 USDT. Meanwhile, an emerging cryptocurrency, Rexas Finance (RXS), has captured the spotlight with its recent presale success, raising 26.9 USDT and projecting massive growth potential, including a possible 18,400% surge in 2025.

Dogecoin (DOGE) is showing signs of a potential market reversal as key on-chain metrics experience notable increases. Despite recent consolidation in its price, the cryptocurrency has seen a significant uptick in transaction activity, especially among larger transactions.

Dogecoin (DOGE) transaction volume has plunged to its lowest level since November, indicating a significant drop in market participation on both spot and derivative exchanges.

Dogecoin (CRYPTO: DOGE) continues to trend downward, reflecting broader stagnation in the cryptocurrency market. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.3885 $57.2 billion -4.1% -3.6% Shiba Inu (CRYPTO: SHIB) $0.00002602 $15.3 billion -4.7% -5.9% Pepe (CRYPTO: PEPE) $0.00002179 $9.2 billion -7.2% -8.4% Trader Notes: Crypto trader More Crypto Online notes that Dogecoin's recent 4% drop means the price stuck in a consolidation phase.

Dogecoin price slips for three straight days as the weakness among most altcoins continues. Its pullback mirrors that of other popular meme coins like Shiba Inu, Floki, and Dogelon Mars.

The memecoins have been quiet of late, as all eyes have been on Bitcoin ($BTC). Is it now time for the memes to bounce?

IP-backed meme tokens are quickly becoming a hot topic in crypto circles. The market is showing signs of being wary of unlicensed offerings.

Since Bitcoin became the first cryptocurrency in 2009, there are now thousands of cryptocurrencies. These new coins (which run on their own native blockchains) are called altcoins or alternative coins. One popular altcoin is Dogecoin. It can be bought, sold and traded, just like Bitcoin.

Riding the currents of market excitement and community-driven momentum, Dogecoin (DOGE) and Shiba Inu (SHIB) have long been investor favorites. But when both tokens go into periods of consolidation, a new competitor is taking the front stage with more returns and creative features.

The Dogecoin price is now at a decisive junction as it hovers near a support level that could determine its short-term direction. A recent analysis on TradingView highlights the importance of the $0.394 support, with outcomes pointing toward both bullish and bearish scenarios depending on price movement at this support level.

Cryptocurrency markets are trading sideways on Tuesday, as markets await the Federal Reserve's interest rate cut decision. The Fed is expected to announce its third consecutive reduction with a 25-basis-point rate cut.

Elon Musk alleges Senator Warrens scrutiny of his role in Trumps cabinet is influenced by Sam Bankman-Frieds parents. The post Elon Musk says Warren's scrutiny of his DOGE role is driven by SBF's family appeared first on Crypto Briefing.

The newly-launched Pudgy Penguins (CRYPTO: PENGU) token has been listed on Binance, prompting speculation that it could soon join the ranks of the top meme coins. What Happened: According to Lookonchain data, a savvy trader made $8.4 million profit by trading PENGU in under 20 minutes.

You might not realize it, but Dogecoin was the trailblazer of the memecoin craze, kicking off a whole new trend in the crypto world when it launched in 2013. Fast forward to 2024, and it's still riding high, fresh off a 35% increase and looking at another potential rally.

Dogecoin consolidates at $0.40 amid spikes in dormant token activity and rising transaction volumes.

The price of the main cryptocurrency, Bitcoin (BTC), set a new all-time high during today's trading session. Thus, having soared by more than 2% from the opening price, a new all-time high for BTC was set at $108,353, according to Binance.

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The market keeps growing today, according to CoinMarketCap.

Dogecoin (DOGE) is expected to experience an 85% price increase, which could potentially elevate its value to approximately $0.75 by early 2025, according to analysts. Following a significant yearly peak of $0.47 last month, the cryptocurrency is currently trading in the $0.40 range.

Dogecoin (DOGE) is up 350% this year and is in line with the broader crypto market's bullish outlook. Adding credence to this outlook is Elon Musk's Department of Government Efficiency (D.O.G.E.

Dogecoin maintains its position above $0.39 support while forming a potential base for recovery, with technical patterns suggesting possible upside movement if key resistance levels are cleared.

Key on-chain metrics for Dogecoin have significantly increased, indicating increased activity in spite of price consolidation. Over the past week, the average transaction size has increased dramatically, reaching a seven-day high of $33,411 on Nov. 12, 2024, while continuing to hover around a seven-day average of $11,960.

Dogecoin started a downside correction below the $0.400 support against the US Dollar. DOGE is now consolidating and might aim for a fresh increase above $0.4050.

The market leader has made a significant comeback, as Bitcoin has risen to a new all-time high of $106,000. Strong market fundamentals and increasing institutional interest have supported investor sentiment, as evidenced by this breakout, which highlights Bitcoin's ongoing momentum.

Billy Markus, the founder of Dogecoin, also known as Shibetoshi Nakamoto, has recently listed his top five favourite cryptocurrencies. The first on Markus's list is Dogecoin, which is quite expected since he is one of its creators.

As the Dogecoin (DOGE) price consolidates near $0.40, bullish catalysts for the world's largest meme coin continue to build in the background, suggesting a new leg higher could be just around the corner. The post Dogecoin Price Set to Blast Past $3.0 Soon? Here's Why That's Likely appeared first on Cryptonews.

Billy Markus, also known as Shibetoshi Nakamoto online and the creator of Dogecoin, has revealed his five favorite cryptocurrencies in a series of posts on X between the 14th and 15th of December 2024.

Bitcoin hit a new all-time high of $107,822 according to Coingecko data on Monday, as bullish hopes are fueled by President-elect Donald Trump reportedly contemplating an executive order to establish a Strategic Bitcoin Reserve. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $106,240.24 +3% Ethereum (CRYPTO: ETH) $4,052.99 +4% Solana (CRYPTO: SOL) $217.53 -1.5% XRP (CRYPTO: XRP) $2.48 +2.8% Dogecoin (CRYPTO: DOGE) $0.4049 +0.8% Shiba Inu (CRYPTO: SHIB) $0.00002744 -0.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 2.9% and daily active addresses falling by 0.4%.

Dogecoin's price rose by 2% in the past 24 hours, trading between $0.39 and $0.41. Data suggests that 5.8 billion previously idle DOGE tokens were recently moved.

Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) are gaining momentum as Bitcoin reaches a new all-time high above $107,000. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.4118 $60.6 billion +1.9% -5.5% Shiba Inu (CRYPTO: SHIB) $0.00002784 $16.4 billion +0.4% -6.5% Trader Notes: Benzinga's technical analysis shows that SHIB's Relative Strength Index (RSI) stands at 42.85.

The Dogecoin price could be gearing up for a potential bullish move as it approaches a critical resistance level. Following the completion of its price consolidation, a crypto analyst has suggested that technical indicators point to a significant breakout to the upside.

Sustained demand from buyers has pushed Bitcoin to a new all-time high, opening the doors for a rally toward $113,000.

While Bitcoin surges, Dogecoin falters, leading to questions about its future and ATH prospects.

Raoul Pal, the former hedge fund manager who retired at the age of 36 and now serves as the co-founder of Real Vision, a prominent financial media company, has given an update on his crypto portfolio. In a post on X today, December 16, Pal unveiled his concentrated investment strategy, highlighting Dogecoin as a central component of his crypto portfolio.

According to the data provided by popular service Whale Alert, which tracks down large cryptocurrency transfers, two massive crypto transactions were spotted on Binance, the world's biggest centralized cryptocurrency trading platform in terms of volume size.

Crypto analyst Elalemiami has revealed that the Dogecoin price is about to test the Gaussian channel on the chart. The analyst also mentioned what he expects to happen when DOGE touches the Gaussian band.

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum of $0.64 in 2024. With a potential surge, the DOGE price may achieve its $1 mark in 2025. Dogecoin, the memecoin category leader, has made a strong bullish comeback by achieving a multi-year high.

The meme coin market is gaining momentum again as SHIB and DOGE indicate a potential bull run. Meanwhile, Rexas Finance (RXS) is also generating news for its aggressive growth targets and quick presale development. Here is what to expect from these coins. Rexas Finance at $0.