Crypto trades surged to $18 billion in 24 hours, driven by altcoins like XRP and DOGE, surpassing the stock market's $14 billion performance.
A prominent cryptocurrency analyst who has gained a large following on social media after accurately calling Bitcoin's 2018 bear market bottom above $3.000 has recently revealed he believes the price of the meme-inspired Dogecoin ($DOGE) could soon see a significant breakout.
A widely followed analyst is leaning bullish on layer-1 blockchain Avalanche (AVAX) while offering his forecast for the flagship memecoin Dogecoin (DOGE) and interoperable chain Polkadot (DOT). The analyst pseudonymously known as Rekt Capital tells his 518,000 followers on the social media platform X that Avalanche witnessed a strong November.
Dogecoin is believed to surge significantly in the ongoing market cycle to new levels due to past trends, with each cycle's performance bigger than the previous one. As the community awaits the rally, a crypto analyst has highlighted several exit points for investors in order to prevent substantial losses.
Altcoin season index hit 82, indicating a strong alt season last seen in Q4 2023.
Cryptocurrency markets are trading lower on Tuesday, with altcoins continuing their strong performance. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,114.25 +0.8% Ethereum (CRYPTO: ETH) $3,616 +0.2% Solana (CRYPTO: SOL) $236.50 +3.2% Dogecoin (CRYPTO: DOGE) $0.4116 -2% Shiba Inu (CRYPTO: SHIB) $0.00002826 -2% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 125.5% and daily active addresses growing by 28%.
Dogecoin has been navigating a period of choppy price action, with little opportunity for strategic buys and no decisive breakouts to guide traders. Despite this uncertainty, key data from Santiment provides a glimmer of hope for Dogecoin enthusiasts.
The Dogecoin price has continued its consolidation just below the $0.44 level, but positive sentiment remains at a multi-year high. Crypto analyst Kevin, known on the social media platform X as @Kev_Capital_TA, has shared an updated perspective on a positive trajectory for the Dogecoin price, maintaining that the range of $1.30 to $1.50 is still a viable target.
Elon Musk and Vivek Ramaswamy are to address the members of U.S. Congress on Thursday with regards to their plans for the Department of Government Efficiency (D.O.G.E), drawing the attention of the crypto community to Dogecoin (CRYPTO: DOGE). What Happened: Crypto trader Bluntz encouraged his followers to get positioned in "either DOGE", referring to Dogecoin and the D.O.G.E.
Long and short position traders alike are in the red Tuesday amid XRP's rise and dip, plus impact from South Korea's political upheaval.
Dogecoin Price, a popular meme-inspired cryptocurrency, has seen significant growth this November, making it one of the top performers in the market. Despite market fluctuations, DOGE continues to show resilience.
Dogecoin is already making a lot of ripples in the cryptocurrency arena, as experts are pointing to its likely spike that would transform the situation of this meme coin in the market. The currency gained over 160% in November after an outstanding month, with its pattern looking bullish nowadays, hence setting the stage for some profits.
DOGE is currently the seventh-largest cryptocurrency.
Bitcoin (BTC) continued to trade in a range, oscillating between $94,000 and $98,000, maintaining its price over the past ten days, even though other prominent cryptocurrencies registered substantial gains.
With the ever-changing landscape of cryptocurrency, investors are all on a hunt for the next billion-dollar opportunity. With numerous altcoins vying for attention, three contenders stand out as potential candidates to reach the coveted $1 mark: The altcoins of Rexas Finance (RXS), Dogecoin (DOGE), and Tron (TRX).
Crypto analyst Trader Tardigrade has suggested it is too early to sell Dogecoin at its current price level. This came as he provided a profit-taking zone for the foremost meme coin in this market cycle.
A widely followed crypto strategist believes it's only a matter of time before top memecoin Dogecoin (DOGE) erupts. Pseudonymous analyst Bluntz tells his 301,200 followers on the social media platform X that DOGE only needs to take out its diagonal resistance at around $0.50 to ignite rallies to a fresh all-time high.
Dogecoin surpassed $62 billion in market capitalization while experiencing major whale movements of $102 million and record network activity with 9.23 million active addresses.
Dogecoin has surged past a $62 billion market cap, reaching $0.44 with strong on-chain activity.
Some believe the sector has more room to grow as traders seek to benefit from heady speculations into the new year.
Last week, large crypto investors, known as whales, were very active in buying three main altcoins: Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP). Dogecoin (DOGE) Whales bought about $636 million worth of DOGE, causing its price to skyrocket by 85%.
Dogecoin (DOGE) price has seen a retracement in the last 24 hours after failing to breach the resistance at the intra-day high of $0.4602. During the dip, Dogecoin whales have transferred over $100 million worth of DOGE, signaling significant market interest in the asset.
Onboarding to crypto just got easier. Apps using Coinbase's Onramp payments feature can now onramp from fiat-to-crypto using their Apple Pay Wallets.
Cryptocurrency markets are trading lower on Monday, with selected altcoins recording significant gains. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,068.16 -0.98% Ethereum (CRYPTO: ETH) $3,618.32 -2% Solana (CRYPTO: SOL) $224.74 -4.5% Dogecoin (CRYPTO: DOGE) $0.4257 -0.5% Shiba Inu (CRYPTO: SHIB) $0.00002918 -4.3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 12.5% and daily active addresses falling by 12.4%.
After surging over 330% in a six-week span, Dogecoin (DOGE) has been navigating a period of consolidation, maintaining a sideways trajectory for the past three weeks. This remarkable rally was initially propelled by speculative bets on Donald Trump's victory in the US presidential election, colloquially referred to as the “Trump trade.
In a whirlwind day for Dogecoin, over 439 million DOGE worth $184 million shifted across major exchanges and wallets. The transfers involving Binance, Coinbase, and Robinhood suggest possible market preparation or heightened security measures as DOGE prices dropped 3.22%.
Dogecoin's (CRYPTO: DOGE) strong November performance has given way to a period of consolidation, but traders remain bullish about further upside to come. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.4204 $61.8 Billion -3.3% +4.3% Shiba Inu (CRYPTO: SHIB) $0.00002926 $17.2 Billion -6.7% +14% Pepe (CRYPTO: PEPE) $0.00002003 $8.4 Billion -11.4% +4.4% Trader Notes: Crypto trader Bluntz predicts an imminent breakout from Dogecoin's three-week range, expecting a "violent" upside move similar to its previous rally.
Former U.S. presidential candidate and upcoming head of the newly-created Department of Governmental Efficiency (DOGE) Vivek Ramaswamy says that the federal government's regulatory overhead will experience a “drastic” reduction, the President-elect Donald Trump associate revealed in a December 1 X post. Ramaswamy is set to slash federal regulations through DOGE alongside X CEO Elon Musk come January. The post DOGE Head Vivek Ramaswamy Says ‘Drastic' Reduction Coming To Federal Regulations appeared first on Cryptonews.
Traders are buying Bitcoin price dips below $95,000, but will it be enough to prevent a sharper correction in BTC and altcoins?
Dogecoin shows strong breakout potential against Bitcoin, backed by a surge in on-chain activity.
The Dogecoin price has just broken out from a unique Ascending Triangle pattern, signaling that it could be gearing up for its next critical level. Following recent market trends, Dogecoin (DOGE) has shown resilience, aiming to hit the $1 threshold despite failing to surpass resistance levels.
Robinhoods transfer of 70 million Dogecoin to Coinbase, worth $30.62 million, has sparked discussions across crypto markets. Concurrently, Bernie Sanders has joined forces with Elon Musks D.O.G.E initiative, boosting investor confidence and anticipation of a potential rally.
Bears are more active than bulls on the first day of the week, according to CoinStats.
Dogecoin rally aims $10 with the all time high level breakout. However, the upcoming token unlock worth $42M warns of a rocky road.
In a flurry of activity that has caught the attention of the crypto community, over 439 million Dogecoin (DOGE) have been moved in the last 24 hours.
Coinbase Inc. (NASDAQ:COIN) CEO Brian Armstrong has called on the newly established Department of Government Efficiency (D.O.G.E.) to tackle what he describes as a glaring failure of global Anti-Money Laundering (AML) regulations.
Dogecoin rallies toward $0.50, but analysts warn of potential sell signals. Will bullish momentum prevail, or is a pullback imminent?
A trader known for making timely altcoin calls is revealing his true bull market price target for memecoin Dogecoin (DOGE). Pseudonymous analyst Bluntz tells his 300,100 followers on the social media platform X that he believes DOGE will go much higher than most people expect.
Dogecoin rallies near $0.50 with Musk's influence driving momentum. Key support at $0.351 and resistance at $0.439.
Robinhood has sparked discussions in the market with a hefty Dogecoin transfer. Notably, the leading crypto brokerage platform has moved 70 million DOGE to Coinbase, sparking optimism in the market.
Dogecoin approaches $0.50 while trading above $0.4525, supported by technical indicators and increased trading volume.
After staging a massive rally, the Dogecoin price is currently in a consolidation phase. And this is also reflected in the technical indicators.
The Dogecoin price has undergone bullish action in the last 24 hours on a continued rally from the November 26 low of $0.369. With the Dogecoin price recently trading at an intraday high of $0.4577, this translates to a 24% increase in seven days.
DOGE leads the crypto rally in November and the announcement of the new ETP.
The bulls have just showered their confidence in the XRP price rally, which broke the 6-year-long consolidation. Besides, the top two cryptos, Bitcoin & Ethereum, continue to juggle within a narrow range, probably due to a massive liquidity shift into the other tokens.
Dogecoin is gaining pace above the $0.4250 support against the US Dollar. DOGE is trading in a bullish zone and might soon surpass the $0.50 resistance.
Popular dog-themed cryptocurrency Dogecoin (CRYPTO: DOGE) rallied sharply Sunday after Sen. Bernie Sanders (I-Vt.
A crypto strategist known as a “Master Trader” on the digital asset exchange Bybit believes three altcoins are gearing up for more rallies. Pseudonymous analyst Bluntz tells his 299,900 followers on the social media platform X that Dogecoin (DOGE) looks poised to witness fresh bursts to the upside after respecting support at around $0.36.