Dogecoin has experienced a sluggish performance recently, however, historical patterns point to a rally.
Despite being regarded as a coin with strong potential this market cycle, Dogecoin has seen a notable drop in value. Currently, DOGE is priced at $0.10, marking a 2.50% decline in the past 24 hours.
Cryptocurrency markets are trading lower as Bitcoin ETFs clocked a second consecutive day of outflows on Wednesday while Spot Ethereum flows remaining muted. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $59,579.75 -2.4% Ethereum (CRYPTO: ETH) $2,360.93 -2.3% Solana (CRYPTO: SOL) $137.54 -2.1% Dogecoin (CRYPTO: DOGE) $0.1044 -3.9% Shiba Inu (CRYPTO: SHIB) $0.00001643 -3.4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 25.7% and daily active addresses falling by 18.8%.
A hotly awaited HBO documentary, “Money Electric: The Bitcoin Mystery,” promised to shed new light on Satoshi Nakamoto's identity. The film, created by Cullen Hoback, identified former Bitcoin core developer Peter Todd as the premier crypto's elusive inventor.
With meme coins impressive gains, like DOGE and SHIB, investors are on the lookout for the next best meme. After the Dog, can the Cat lead the way, and can the MEW price explode like Dogecoin?
Billy Markus clarified that Peter Todd is an "OG core dev" but not the creator of Bitcoin.
According to important on-chain metrics, Dogecoin has been exhibiting indications of possible bullish momentum lately. There are not many big selling clusters in the near future that could open the door for swift upward movement, according to the Global In/Out of the Money indicator.
Although data shows Dogecoin (DOGE) dropped by 2.59%, trading at $0.1063, the popular meme cryptocurrency has hidden bullish potential. Within the past 24 hours, DOGE has soared in market volume, climbing 22.78%.
The price of Dogecoin (DOGE) has fallen between moving average lines since October 1. The negative trend was halted by the 50-day SMA.
The cryptocurrency market has witnessed a notable decline in the prices of popular meme coins Shiba Inu (SHIB) and Dogecoin (DOGE). Over the last 24 hours, SHIB has decreased by 3.72% and is now valued at $0.000016, while DOGE has fallen by 2.5% and is currently priced at $0.106.
A Tesla Inc (NYSE:TSLA) Cybertruck owner has turned heads by wrapping the electric pickup in a design featuring Dogecoin (CRYPTO: DOGE), the cryptocurrency inspired by internet memes and known for its Shiba Inu dog logo. What Happened: Chris, who goes by “Doge Tipping” on social media platform X, told Tesla Owners Silicon Valley that the combination of two popular internet phenomena – the Cybertruck and the “doge” meme – inspired his unique vehicle wrap.
Billy Markus reiterates that it is not Peter Todd as the HBO documentary claims.
Crypto analyst James has compared Dogecoin (DOGE) and Bitcoin (BTC) and provided insights into what to expect from these major cryptocurrencies in this market cycle. Based on his analysis, the foremost meme coin will likely outperform the flagship cryptocurrency in this bull run.
The new HBO documentary “Money Electric: The Bitcoin Mystery,” which aired on October 8, has ignited intense debate within the crypto community. The film suggests that Canadian Bitcoin developer Peter Todd is Satoshi Nakamoto.
The price chart of Shiba Inu has formed a symmetrical triangle, signifying a period of consolidation. Volume has been gradually declining as the price has stabilized, as the volume profile shows.
On Wednesday, the crypto market experienced a sudden wave of selling pressure as Bitcoin headed for the $60k breakdown. While most major altcoins followed this downward momentum, Dogecoin showed resilience, posting a 0.4% intraday gain.
The Dogecoin price could soon witness another price rally following a recent accumulation trend from crypto whales. Onchain data shows that these whales have bought billions of DOGE tokens in the last week, which could trigger a price surge for the foremost meme coin.
Ki Young Ju, founder and CEO of On-chain analytical platform CyproQuant, is convinced that meme coins can find order and become less chaotic. He made this statement in a post he shared on X, responding to meme coin analyst Murad Mahmudov's predictions.
Cryptocurrency markets are trading sideways despite key Bitcoin metrics rising. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $61,248 -1.2% Ethereum (CRYPTO: ETH) $2,412 -0.9% Solana (CRYPTO: SOL) $140.6 -1.5% Dogecoin (CRYPTO: DOGE) $0.1087 +1.98% Shiba Inu (CRYPTO: SHIB) $0.00001697 -0.9% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.6% and daily active addresses growing by 16.5%.
The market capitalization of meme coins is trading sideways over the last 24 hours, with a majority of established memes like Shiba Inu (CRYPTO: SHIB), Pepe (CRYPTO: PEPE) and Dogwifhat (CRYPTO: WIF) failing to back up their September gains. What Happened: Crypto trader Unipcs highlighted that despite the hype around newer coins, established ones like Dogecoin (CRYPTO: DOGE), Shiba Inu, Floki (CRYPTO: FLOKI), Bonk (CRYPTO: BONK), Dogwifha, and Pepe are poised for a significant rally.
Meme coin watchers are betting big on Flockerz ($FLOCK), a new kind of meme coin that makes voting and community building both fun and profitable.
Bitcoin's failure to hold $62,000 may trigger another selloff and pull altcoin prices lower.
XRP and Dogecoin have experienced a slump due to crypto market consolidation over the past week. Despite the recent stability, these two top-10 digital assets show signs of potential gains this October.
The Dogecoin price has recovered by 2% in the past 24 hours, returning to $0.1103 as the crypto market loses 1.5% today.
A popular crypto trader thinks one Dogecoin (DOGE) rival could be headed for a breakout soon. The pseudonymous analyst known as Altcoin Sherpa tells his 224,000 followers on the social media platform X that if the Solana (SOL)-based memecoin dogwifhat (WIF) manages to break above the $2.845 range, it could surge toward $3.50.
The market is trading sideways as the rates of some coins remain in the green zone, while others have started going down, according to CoinMarketCap.
Popular meme cryptocurrency Dogecoin (DOGE) is experiencing a new stress test in its growth trajectory. The meme coin's ability to attain new price levels depends on whether it can pass current resistance levels.
Three private banks in Taiwan have expressed interest in offering crypto custodial services, with the initiative expected to begin in the first quarter of 2025.
Billy Markus, who is known on social media as Shibetoshi Nakamoto (a playful reference to Satoshi Nakamoto) and who built Dogecoin in collaboration with Jackson Palmer in 2013 based on the Bitcoin code, has named the person (and his friends) who he believes was most likely the Satoshi Nakamoto, who created Bitcoin.
Bitcoin (BTC) remained muted, registering a marginal decline over the past 24 hours. It continues to hover just under the $62,500 mark.
Billy Markus, who created a Bitcoin parody called Dogecoin together with Jackson Palmer in 2013, has commented on the likely effect of the "Money Electric: The Bitcoin Mystery" documentary that was released by HBO earlier today.
A new Dogecoin price prediction has put it on another bullish path and this time, forecasting that the meme coin is destined for new all-time highs. In particular, crypto analyst @Kev_Capital_TA on X made a notable forecast regarding the meme coin that could see it finally cross the $1 market.
Recently there was a significant surge in the price of Bitcoin bringing it very near to $65,000. Many participants on the market were taken aback by the sudden and swift action.
Dogecoin holders accumulate 2.07 billion tokens, signaling increasing demand and interest with the memecoin.
ETFSwap (ETFS) is quickly emerging as the cryptocurrency to watch, with experts predicting that it will outclass popular tokens like Shiba Inu (SHIB), Dogecoin (DOGE), and PEPE combined.
Memecoins are up today and have strongly outperformed the entire crypto market over the last month.
Cryptocurrency markets are trading lower as China's stimulus measures came in lower than expected. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $62,017.71 -1.7% Ethereum (CRYPTO: ETH) $2,429.76 -0.09% Solana (CRYPTO: SOL) $142.62 -2.4% Dogecoin (CRYPTO: DOGE) $0.1066 -3% Shiba Inu (CRYPTO: SHIB) $0.00001712 -3.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 81.4% and daily active addresses growing by 15.2%.
The cryptocurrency market continues displaying a volatile price action by displaying price movements within a short period. Moreover, with Bitcoin failing to hold its price above the $63k mark, the memecoin category has also taken a dip. Top tokens such as Doegcoin (DOGE) continue hovering close to their important support/resistance levels, indicating a mixed-price action.
Two weeks ago, Dogecoin (DOGE) price was $0.13, driving speculation that the meme coins could be circling back to its yearly high. But in the last seven days, Dogecoin's ambitions of hitting that value have been waning as its price decreased by 8.86%.
Here's what signals a possible DOGE resurgence in the short term.
The Pepe price has declined by 6% in the past 24 hours, sliding to $0.000009616 as the crypto market as a whole loses 1.5% today.
Dogecoin and Shiba Inu prices have crashed again following their recent upward trend, which led to significant price gains. These price crashes are primarily due to the current macro environment and market uncertainty, which don't favor risk assets like these meme coins.
It seems that holders of large positions in the most popular meme cryptocurrency, Dogecoin, are running out of patience, and there are a number of confirmations of this, especially behind the scenes at DOGE.
On-chain analytics platform Lookonchain highlighted traders booking significant profits with Solana (CRYPTO: SOL) meme coin Popcat (CRYPTO: POPCAT), which could go higher still, according to analysts. What Happened: One trader executed eight trades since Aug. 20, all of which have been profitable, resulting in a total profit of over $1 million.
Dogecoin has experienced significant accumulation recently, with large holders adding over 2 billion DOGE tokens valued at $200 million.
An analyst has explained how Dogecoin could currently be gearing up for the next bull run if historical pattern is anything to go by. Dogecoin Has Recently Shown Similar Trend To Past Cycles In a new post on X, analyst Ali Martinez has discussed about how Dogecoin has been forming a familiar pattern in its monthly price recently.
Just recently, an economist predicted that both Dogecoin (DOGE) and Shiba Inu (SHIB) could reach new all-time highs in the upcoming crypto cycle, drawing attention from investors hoping to capitalize on the incoming success. However, while these well-known tokens are expected to make significant gains, this $0.