Shiba Inu has achieved a 936% surge in its burn rate, permanently removing millions of SHIB tokens from circulation. Despite the milestone, SHIBs price remains locked below critical levels, struggling to gain upward momentum.
Dog-themed cryptocurrency Dogecoin (DOGE) is marking a significant milestone in its history. Seven years ago, on Dec. 22, 2017, Dogecoin's market capitalization surpassed the $1 billion mark for the first time.
Shibburn tracking platform spread the word about a substantial increase in the pace at which SHIB meme coins are being driven out of the circulating supply. Several million SHIB have been transferred to dead-end wallets.
Recent price movements suggest a potential resurgence of Dogecoin's upward momentum in the midst of growing volatility within the general crypto market. As a result, several crypto analysts continue to display robust confidence in the dog-themed meme coin's upside trajectory toward higher levels.
The crypto world moves fast, but for some reason, Dogecoin (DOGE) is still on the sidelines of one of its most profitable advancements — exchange-traded funds. Nate Geraci, president of the ETF Store, is confused about why there is not a Dogecoin ETF yet.
Fear and uncertainty fill the Solana (SOL) meme coin scene! Tokens like Dogwifhat (WIF) and Bonk (BONK) are bleeding value, leaving many investors frustrated and anxious. Once the darling of internet culture, these coins have seen their prices plummet, sparking questions about their future.
TL;DR Dogecoin (DOGE) has gained momentum recently due to speculation around a potential spot ETF filing and substantial whale purchases, despite a recent price correction. Speculation about a Dogecoin spot ETF filing has been fueled by comments from Bloomberg senior ETF analyst Eric Balchunas.
Bears have turned out to be more powerful than bulls at the beginning of the week, according to CoinStats.
Shiba Inu (SHIB) price is struggling to maintain an uptrend as Bitcoin remains stunted below the $100,000 mark. Shiba Inu's price is pegged at $0.00002172, down by 1.39% in 24 hours, per CoinMarketCap.
Offering on various networks increases visibility and distribution for a token, helping drive investment and usage among network users.
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) show strong fundamentals, but the trader community remains hesitant about their potential to outperform other trending cryptocurrencies. What Happened: Shibburn data shows 6.02 million SHIB tokens burned in the past 24 hours, driving the burn rate up by 661.7%.
Crypto analyst Behdark has provided an in-depth analysis of the Dogecoin price roadmap to its current all-time high (ATH) of $0.75. In his analysis, he explains why Dogecoin could still witness a significant correction before it rallies to its current ATH.
As on-chain data shows, almost half of its investors are losing money as Shiba Inu is currently going through a difficult period. Only 53% of SHIB holders are in the money or have profitable investments at the moment, while 43% are losing money, according to profitability metrics.
Two projects in the realm of cryptocurrencies that have already made innumerable early investors millionaires are Solana (SOL) and Dogecoin (DOGE). While DOGE famously shot from fractions of a cent to over $0.70, generating a tsunami of life-changing money, SOL shot from just a few bucks to its all-time high of $260.
DOGE is down by over 20% in the past week alone.
Few assets have demonstrated more millionaire-maker potential than Shiba Inu (SHIB -0.92%), a controversial cryptocurrency that soared by 45,278,000% in 2021. But this unprecedented rally was based on hype instead of sustainable fundamentals, and the token gave back most of its gains by mid-2022.
As Dogecoin (DOGE) struggles with short-term bearish sentiments, historical price movements and technical indicators suggest the top meme coin might be poised for another parabolic rally.
The year 2024, which began with the banging launch of the US Bitcoin spot exchange rraded funds (ETFs), is ending with the hopes that more crypto-linked investment products will soon enter the market. Bloomberg's Eric Balchunas even agreed with the ETF Store's president on the surprising absence of filings for a Dogecoin ETF.
Amid the market volatility, Dogecoin prepares for a rebound rally. Supporting the bullish ideology, a market analyst puts a highlighted optimistic target of $20 for the dog-themed meme coin. However, the changing landscape in the derivatives market warns of a rocky ride ahead.
In a strategic move amid a volatile crypto market, large investors, commonly referred to as "whales," have accumulated over 250 million Dogecoin (DOGE). This significant acquisition occurred while the price of dogecoin was declining, drawing market attention due to its timing and magnitude.
Billy Markus, known on social media as Shibetoshi Nakamoto, who created the original meme cryptocurrency Dogecoin, has triggered the community with a recent ironic tweet about being rich.
Bitcoin (BTC) and other cryptocurrencies suffered a bloodbath over the weekend as markets dropped significantly. In just over 24 hours, BTC dropped from around $108,000 to its current level of $95,000, as the Fed's announcement about reducing rate cuts in 2025 hit the market hard.
The 24-hour Dogecoin price action has been highlighted by a range between $0.3049 and $0.3229 as both the bulls and bears work to break into either side.
The unprecedented victory of the cryptocurrency industry over the traditional financial sector has fueled the mainstream adoption of altcoin projects in the recent past. The overwhelming support of crypto-friendly US leaders has changed the entire perspective of digital assets, especially by institutional investors during the past few weeks.
Popular dog-themed cryptocurrency Dogecoin (CRYPTO: DOGE) spiked late Sunday night after President-elect Donald Trump recruited longtime loyalist Katie Miller to the Department of Government Efficiency, overseen by billionaire Elon Musk and former presidential candidate Vivek Ramaswamy. What happened: Through his Truth Social account, Trump announced, "Katie Miller will soon be joining DOGE!
The token's alignment with key technical levels and on-chain signals suggests that the current phase could mark the foundation for future gains.
At this crucial point, XRP is testing the 26 EMA, a key support level that could dictate the asset's short-term course. After weeks of erratic price action, XRP is now at a critical juncture trading close to $2.28.
Here is how some of your favorite assets concluded the week.
Shiba Inu has fallen sharply, erasing its market recovery gains and dropping below crucial support levels. With whales driving high-volume sell-offs, the token faces significant challenges as retail enthusiasm wanes, casting uncertainty over its future.
Shiba Inu price, a popular meme-based cryptocurrency, has seen a significant decline over the past week amid bearish market trends. Despite minor market rebounds, SHIB's price action indicates potential for growth as it hovers near critical support levels.
Like many other cryptocurrencies, Dogecoin's price action in the past week has been highlighted by a notable correction. Dogecoin, in particular, saw its price break below $0.3 for the first time in four weeks, leading to a bottom below $0.27.
WIF could face further declines but retains an overall bullish market sentiment.
Dogecoin, known for its headline-grabbing swings, remains an enigma as 2025 approaches. After skyrocketing 161 percent in November, the meme coin suffered a December pullback, creating a wave of uncertainty.
Bitcoin has plunged 12% in the last five days since setting a new high, while Dogecoin and XRP have fallen hard after recent milestones.
The popular meme-inspired cryptocurrency Shiba Inu (SHIB) is not having the best of times, or rather we are talking about its price. As a result of various shakeouts, shakeouts and huge liquidations in recent weeks, the price of SHIB has landed at $0.000022.
Cryptocurrency analysts of Coinidol.com report, the price of Dogecoin (DOGE) has fallen to a low of $0.26 after reaching a high of $0.48.
After lounging at the edge of the abyss, the Shiba Inu aims for a dazzling peak. 235%, they say.
Shiba Inu's (SHIB) rally after a dip has failed for the second time. Cryptocurrency price analysis brought by Coinidol.com.
The future of Dogecoin (DOGE) is up in the air as 2025 draws near, and even its creator, Billy Markus, also known as Shibetoshi Nakamoto, has not offered any solid clues. When a follower asked him about the potential peak of DOGE by the end of December, Markus responded with a characteristically nonchalant "no idea" GIF, reflecting the unpredictability surrounding the cryptocurrency.
Dogecoin whales are accumulating massive amounts of DOGE, sparking speculation about a potential rally.
Shiba Inu has erased almost all of the gains made during the market recovery a month ago by retracing to pre-pump levels. There are concerns regarding the asset's condition and the actions of important market players in light of this steep drop.
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen its price drop from recent highs. Shiba Inu fell significantly in the past week amid broader caution in risk assets.
Dogecoin (DOGE) price has dropped over 30% from its yearly high of $0.48 earlier this month. This decline is linked to multiple bearish signals, increasing the likelihood of further price decreases.
Yesterday's recovery was short-lived.
Shiba Inu price shows renewed strength after rebounding to $0.00002203. Analysts foresee a massive 235% surge as key support at $0.00002424 fuels bullish momentum.
DOGE's social dominance climbed to its highest level in almost 18 months on 13 November.
A crypto analyst has shared a Dogecoin price chart over a daily time frame, highlighting key price levels to watch out for as the meme coin attempts to recover towards the coveted $1 milestone. Although the Dogecoin price has seen significant volatility and declines recently, the crypto analyst remains confident in the memecoin's bullish outlook.