Despite positive catalysts like institutional adoption and discussions around Bitcoin's potential inclusion in sovereign wealth funds, the cryptocurrency market is trading lower on Thursday, with traders closely watching Bitcoin's $95,500 support level. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,588.31 -1% Ethereum (CRYPTO: ETH) $2,710.63 -2% Solana (CRYPTO: SOL) $191.80 -3.7% XRP (CRYPTO: XRP) $2.33 -4.4% Dogecoin (CRYPTO: DOGE) $0.2481 -4% Shiba Inu (CRYPTO: SHIB) $0.00001505 -5.6% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 4.9% and daily active addresses falling by 3.4%.
For what it seems, considering that these two tokens account for over half the market cap of all meme coins, the odds of a short-term reversal are high.
After a year of explosive price growth, the Solana based meme coin, BONK, has wiped out all of its 2024 gains, retracing approximately 76% from its peak. Despite this dramatic decline, a crypto analyst has suggested that this dip could be a strategic buying opportunity for investors rather than a cause for concern.
Another crypto market crash has occurred, with Bitcoin, XRP, Solana, and Dogecoin prices experiencing significant declines. This development comes amid economic uncertainty and the bearish sentiment among investors.
Three of the top coins have shed a quarter of their respective value in the last week as Bitcoin struggles amid Trump's trade war.
Cryptocurrencies remain volatile on Thursday, with tokens displaying mixed performances. Bears have dominated since the US declared the partially-delayed tariffs on China, Canada, and Mexico. Meme coins traded downward, with the meme market capitalization plunging by over 7% to $74.1 billion. Moreover, the declined 24-hour trading volume indicates fading investor interest in meme assets.
What initially appeared as a major SHIB whale transfer was later identified as an internal liquidity movement by Kraken.
PEPE faces volatility as a whale withdraws 375.35B tokens, active addresses decline, and market sentiment remains mixed.
Cryptocurrency traders hope Shiba Inu (CRYPTO: SHIB) may be poised for a comeback off the back of a partnership announcement with the government of the United Arab Emirates. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001504 $8.9 billion -6.3% -20.4% Dogecoin (CRYPTO: DOGE) $0.2468 $36.51 billion -5.3% -26.2% Pepe (CRYPTO: PEPE) $0.059381 $3.94 billion -7.9% -29.4% Trader Notes: Crypto trader Scofield highlighted that meme coins are evolving beyond hype, pointing to projects like Floki Inu (CRYPTO: FLOKI), Dogwifhat (CRYPTO: WIF) and SHIB.
Some traders panic when prices fall. Others see an opportunity.
While Pepe Coin (PEPE) and Shiba Inu (SHIB) have had their moments as meme coin darlings, a new contender is quickly gaining traction in the cryptocurrency world – Lightchain AI.
The recent sharp decline has made market sentiment more sensitive, with some seizing the opportunity while others offloaded their holdings. Amid this, whales have been accumulating Dogecoin (DOGE), the popular meme coin.
Shiba Inu could soar by 25% to reach $0.000021 if it holds itself above the $0.000015 level.
"This is a strong sign of confidence in the market," Ali Martinez maintained.
Dogecoin (DOGE) has captured the attention of investors with its long wick formation on the daily chart. Tardigrade forecasts this wick could trigger an upsurge to $1. Meanwhile, IntelMarkets (INTL) has emerged as the best crypto to buy now.
Despite a 21.6% decline over the past seven days, Dogecoin (CRYPTO: DOGE) whales and traders remain bullish, expecting a strong recovery. What Happened: Crypto trader Master Kenobi compared Dogecoin's current price action to 2017 rather than 2021, suggesting a similar pattern is unfolding.
Another day, another massive crypto transfer. This time, it is Shiba Inu (SHIB) grabbing attention with a jaw-dropping 1.24 trillion SHIB - worth around $20.14 million - suddenly moving out of Kraken, one of the biggest U.S.-based exchanges.
According to a recent press release, Swedish asset manager Virtune has introduced two new cryptocurrency exchange-traded products (ETPs) on Nasdaq Helsinki, offering Finnish investors a new avenue to engage with digital assets. Concurrently, the crypto community is abuzz with the upcoming launch of the world's first Bitcoin meme Initial Coin Offering (ICO) by Bitcoin Pepe.
The price of Dogecoin has dipped by 2% in the past 24 hours, yet renewed accumulation suggests that the meme token may recover very soon. The post Can Dogecoin Rally Soon? Big Money Flows In, and a Bullish Reversal Might Be Next appeared first on Cryptonews.
PEPE price is facing renewed bearish pressure as it struggles to break above the critical $0.00001152 resistance level. The recent failure to push higher has left the token consolidating, hinting at a possible downward move if buyers fail to regain control.
Dogecoin, a cryptocurrency that first gained attention for its playful nature, has remained a key player in the digital asset world. Despite recent market setbacks—particularly a 30% drop in value over the past month—many remain optimistic about its long-term potential.
Donald Trump's latest trade policies have sent shockwaves through the financial markets, with Dogecoin (DOGE) traders among the hardest hit. As key trading partners retaliated, investor uncertainty spiked, leading to a sharp downturn across the crypto sector, with Dogecoin (DOGE) registering over 38% in losses.
Pepe Coin price has dived and is not finding bids. It has dropped for five straight weeks and erased over 65% of value during this time.
Shiba Inu price remains in a bear market and could see additional downside after forming a death cross pattern while a key metric declines. Shiba Inu (SHIB), the second-largest meme coin in crypto, dropped to a low of $0.
A few weeks ago, DeepSeek rocked the AI market with a cheaper, perhaps even better Chat GPT alternative. In the aftermath, AI hype took a hit and crypto projects fell, before eventually bouncing back.
A massive PEPE transaction has caught the attention of the crypto community, as a crypto whale makes his first-ever accumulation of the frog-themed cryptocurrency.
Dogecoin (DOGE) price has witnessed sharp volatility, recently dropping 20% before rebounding to over $0.26. The cryptocurrency stabilized despite broader market turbulence, mirroring patterns from 2017.
The Shiba Inu cryptocurrency's recent predictions of huge returns have surprised the digital asset community. The meme-based coin is currently trading at $0.0000162, and analysts are forecasting returns of between 858% and over 6,000%.
Billy Markus, who created the original meme cryptocurrency Dogecoin in collaboration with Jackson Palmer, has gained the attention of the crypto community with a recent tweet.
Dogecoin (DOGE) continued to trade sluggishly on Thursday, following a weak weekly close on Sunday. Notably, the leading meme coin has been moving sideways in recent days after a sharp pullback since December 9, during which it has lost around 32% of its value amid a broader market downturn led by Bitcoin.
Mick Mulvaney, Actum Strategic Advisors co-chair and former White House chief of staff, and CFPB & OMB director, joins 'Squawk Box' to discuss the role of DOGE on spending cuts, reducing the size of government, and more.
On-chain data shows Dogecoin whales, with a balance of between 10M and 100M coins, have accumulated over 750M DOGE coins during the recent crypto market correction.
The networks partnered with the ministry to use its blockchain activities.
$16 million worth of these tokens were scooped up from the giant crypto exchange Binance on Thursday.
Attorneys for the Justice Department have agreed to temporarily restrict staffers associated with Elon Musk's from accessing information in the.
Dogecoin shows signs of price recovery following a 40% decline, with technical analysis suggesting a potential market peak in April 2025 based on historical 1,442-day cycle patterns.
Dogecoin has undergone a 34% price correction to $0.259, with multiple analysts projecting a potential rally toward new all-time highs around April 2024 based on historical cycle patterns and technical analysis.
Rep. Brandon Gill, R-Texas, lays out congressional Republicans' efforts to bolster the Trump administration's focus on government efficiency on ‘The Bottom Line.'
Dogecoin whales again echoed a market frenzy on Thursday, embarking upon a massive DOGE buying spree amid the recent volatile market trend. On-chain data revealed by a top crypto analyst highlighted that a staggering 750 million tokens were bought amid the meme coin's fall below the $0.3 price level.
Dogecoin (DOGE), Official Trump (TRUMP), and Official Melania Meme (MELANIA) signal potential bullish reversals after heavy losses. Can their recoveries continue in February?
After a brutal sell-off, Shiba Inu is at a turning point and exhibiting signs of a possible recovery, but any attempts at recovery could be hampered by an impending death cross. Following a recent decline below important support levels, the asset has experienced a modest recovery and is currently trading at $0.000016.
Recent market turbulence has impacted Shiba Inu (SHIB) and Dogecoin (DOGE), with both memecoins experiencing significant price declines over the past few days. This setback comes amid a broader downturn in the crypto market, yet some analysts remain optimistic about the potential trajectories for these popular memecoins.
The cryptocurrency market is beginning February with an interesting tone, as traders and investors proceed with caution. The global market capitalization is standing at $3.21 trillion, after declining by 0.08% in the past day.
Meme coin whales nabbed significant market attention amid the recent turbulent landscape, heavily purchasing Pepe coin (PEPE) and Dogwifhat (WIF). On-chain data on Thursday revealed that roughly $16 million worth of the abovementioned tokens were bought from the cryptocurrency exchange behemoth Binance.
The United Arab Emirates Ministry of Energy and Infrastructure has partnered with Shiba Inu to implement Web3 solutions for energy, infrastructure, and other areas. Public Service Efficiency Gets a Web3 Makeover The United Arab Emirates (UAE) Ministry Energy and Infrastructure (MOEI) announced on Feb.
Dogecoin has been making waves so far in this bull market. Recently, the meme coin experienced a significant price crash after recording double-digit gains and rallying to new highs earlier this year.
Dogecoin started a recovery wave above the $0.240 zone against the US Dollar. DOGE is now consolidating and might face hurdles near $0.270.
XRP has suffered a staggering 43% drop, wiping out weeks of gains. The latest price action saw a sharp 30% intraday decline, signaling panic selling and extreme volatility.