Cryptocurrencies fell this weekend and into today, as investors grappled with a potentially more hawkish Federal Reserve, which could lead to fewer rate cuts than hoped for in 2025.
Dogecoin, Pepe, and Peanut technical analysis reveals mixed prospects, with potential rebounds and bearish risks for December 2024 and January 2025 sessions.
DOGE's next rally? Historical data hints at a potential 12,000% surge as activity spikes!
Cryptocurrency markets are trading lower on a low-volume Monday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $92,996.64 -3.2% Ethereum (CRYPTO: ETH) $3,313.40 -0.3% Solana (CRYPTO: SOL) $184.82 +0.9% XRP (CRYPTO: XRP) $2.16 -4% Dogecoin (CRYPTO: DOGE) $0.3108 -2.5% Shiba Inu (CRYPTO: SHIB) $0.00002168 -1% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 20.6% and daily active addresses falling by 0.02%.
Dogecoin price, a leading meme-based cryptocurrency, has dropped over 25% this week amid a broader market downturn. Bitcoin's price also slipped, falling to $93k, adding pressure to market sentiment.
Dogecoin (DOGE) has faced significant volatility, with the price plunging 45% from its multi-year high of $0.48. Despite the sharp correction, DOGE has managed to hold above the critical $0.30 level, providing hope for a potential rebound.
Bitcoin remains under pressure, but the bulls are expected to defend the $90,000 support.
Crypto analyst Master Kenobi has presented a master plan, suggesting that Floki (FLOKI), a dog-themed meme coin, is on the brink of a massive breakout. While Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced notable price surges in the past, Floki is projected to skyrocket by at least 1,100% in Q1 2025.
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.
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.
Bears have turned out to be more powerful than bulls at the beginning of the week, according to CoinStats.
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.
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.
The concerns over meme coin season have increased, as witnessed by the volatile trading with many top coins like DOGE, SHIB, WIF, and others, continuing their declines today. Meanwhile, the decline comes amid a gloomy sentiment noted in the broader crypto market, indicating a shifting market focus.
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!
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.
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.
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.
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.
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.
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.
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.
Recent price action in the past two days saw the Dogecoin price breaking below supports at both $0.4 and $0.3 in quick succession to eventually reverse after a quick break below $0.27 in the past 24 hours.
Crypto analyst Dima James has again raised the possibility of the Dogecoin price rallying above $10 in this market cycle. The crypto analyst alluded to historical data to show how high DOGE could go in this bull cycle.
Dogecoin (DOGE 0.78%) is seeing a big pullback in this week's trading. The popular meme coin was down 20.6% over the last seven days of trading as of 4 p.m.
As Bitcoin continues to lead the way, could DOGE find its place in a more serious market?
The crypto market shows signs of resurgence, offering investors lucrative opportunities. These four Altcoin to Hold stand out with potential for significant growth before 2025.
Dogecoin (DOGE), the world's largest meme coin, has gained remarkable attention from crypto enthusiasts amid the recent market dip. On December 21, 2024, a prominent crypto expert posted on X (formerly Twitter) that crypto whales have accumulated a significant 250 million DOGE in the past few days.
In a major move, 200 million Dogecoin was recently shifted from an unknown wallet to Binance. According to Whale Alert, "200,000,000 DOGE worth $59,925,858 transferred from unknown wallet to Binance.
Dogecoin price has soared by over 25% in the past 24 hours, emerging as a top gainer following a recent market downturn. This came alongside a general recovery of the cryptocurrency market that saw the coin gain a lot of attention from traders.
Most of the coins have returned to the green zone, according to CoinStats.
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