The lackluster Dogecoin price action could change very soon as on-chain data suggests increased activity behind the scenes. Particularly, on-chain analytics company IntoTheBlock revealed a surge in daily transactions on the Dogecoin blockchain, pushing the count to its highest point since July.
Dogecoin has processed 1.93 million transactions over the past week, the highest level since early July.
Cryptocurrency markets are trading relatively flat after the Federal Reserve announced a 50-basis-point interest rate cut, making risk assets more attractive. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,376.37 -0.4% Ethereum (CRYPTO: ETH) $2,322.72 -1.3% Solana (CRYPTO: SOL) $130.3 -1.7% Dogecoin (CRYPTO: DOGE) $0.101 -0.3% Shiba Inu (CRYPTO: SHIB) $0.00001334 -0.04% Notable Statistics: IntoTheBlock data shows an 8% decline in large transaction volume and a 4% increase in daily active addresses.
Cryptocurrency markets are trading relatively flat after the Federal Reserve announced a 50 basis points cut, making risk assets more attractive. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,376.37 -0.4% Ethereum (CRYPTO: ETH) $2,322.72 -1.3% Solana (CRYPTO: SOL) $130.3 -1.7% Dogecoin (CRYPTO: DOGE) $0.101 -0.3% Shiba Inu (CRYPTO: SHIB) $0.00001334 -0.04% Notable Statistics: IntoTheBlock data shows an 8% decline in large transaction volume and a 4% increase in daily active addresses.
Amid an underwhelming price action, canine-themed meme coin Dogecoin (DOGE) is now seeing a rise in one of its key metrics.
On-chain data shows the Dogecoin miners have been accumulating recently. Here's what this could mean for the memecoin, based on past pattern.
Bitcoin is at a critical juncture, and analysts are divided about the potential impact of interest rate cuts on the market's direction.
Dogecoin (DOGE) has shown a promising bullish signal as key metrics skyrocket. According to IntoTheBlock, last week, Dogecoin processed an impressive 1.93 million transactions, marking the highest weekly transaction count since early July.
Pseudonymous crypto trader Master Kenobi believes that Dogecoin (CRYPTO: DOGE) will continue to outperform Bitcoin (CRYPTO: BTC) in the current market cycle. What Happened: In a detailed social media post, Kenobi noted that despite Dogecoin's initial creation as a joke, it has managed to gain significant attention and popularity in the crypto community.
A recent analysis from a well-known Dogecoin (DOGE) enthusiast and technical analyst suggests that DOGE could be on the verge of a stunning price, as he pointed out that the meme coin is just a few weeks away from completing its first "golden cross" in over four years - a technical indicator often associated with upward momentum.
Opinions matter in the broader digital currency ecosystem. Dogecoin (DOGE) cofounder Billy Markus shared a strong opinion about crypto conferences on X.
Many industry leaders have responded excitedly to the latest post of Elon Musk revealing the advancement made by Neuralink's Blindsight project. Among those who have taken to social media to convey their excitement are cryptocurrency leaders like Dogecoin co-creator Billy Markus.
The Dogecoin price recover came as a welcome sight to investors after the meme coin struggled around $0.09 for a while. Naturally, the move in the price has prompted movement among Dogecoin investors and the whales are not left out of this.
Dogecoin (DOGE) price may have gotten the much-needed boost to kick off a rally, as network transactions have been increasing significantly.
Dogecoin faces selling pressure and bearish indicators, with potential resistance ahead.
Amid the sluggish price performance, Dogecoin is now seeing a rise in one of its major metrics. Recently, data from the market intelligence platform IntoTheBlock revealed that the asset has recently exhibited a surge in transaction activity.
Billy Markus, who created the original meme cryptocurrency Dogecoin in collaboration with Jackson Palmer in 2013, and who is known on the X platform (formerly Twitter) as Shibetoshi Nakamoto has posted his enthusiastic take on Elon Musk's recent tweet.
The meme-inspired cryptocurrency Dogecoin ($DOGE), which has seen its value dop by around 0.6% over the last 30-day period, has a significant resistance at the $0.11 mark, with around 31 billion DOGE tokens holding at that level.
How will the current market dynamics and Musk's stance impact the future value of Dogecoin?
The 50-day EMA crossing below the 200-day EMA is signaling a possible death cross, according to Bitcoin's technical indicators. The current chart indicates that the difference between the two moving averages has been closing, and this crucial cross may occur in the coming days.
Cryptocurrency markets are trading higher ahead of Wednesday's interest rate decision. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,346.5 +3.9% Ethereum (CRYPTO: ETH) $2,351.85 +2.8% Solana (CRYPTO: SOL) $132.5 +1.1% Dogecoin (CRYPTO: DOGE) $0.1013 +1.7% Shiba Inu (CRYPTO: SHIB) $0.00001335 +1.7% Notable Statistics: IntoTheBlock data shows a 55% increase in Bitcoin's large transaction volume and a 6.4% spike in daily active addresses.
On Tuesday, the cryptocurrency market experienced a bullish rebound driven by speculation of a potential Fed rate cut. Bitcoin led the charge with a surge of over 4%, reaching $65,500, which ignited a recovery trend in various altcoins.
The Dogecoin price is probing a major resistance area, with the current technical set up hinting towards a major price breakout.
Cryptocurrency markets are bracing for the Federal Reserve's decision on Wednesday whether to cut interest rates by 25 or 50 basis points. What Happened: Jim Bianco of Bianco Research in an interview with Natalie Brunell emphasized the importance of understanding where the “neutral” funds rate is — the rate that neither stimulates nor restricts the economy.
One analyst believes DOGE's potential rally will trigger the next altcoin season.
Dogecoin's (CRYPTO: DOGE) flat performance over the past 30 days despite repeated shoutouts from Elon Musk has left traders debating what is next for the apex meme coin. What Happened: Crypto chart analyst Ali Martinez noted that in case traders are expecting a breakout, they should watch out for the key resistance level at $0.11, where 23,400 addresses hold around 31 billion DOGE.
The fall has not lasted long, and again, most of the coins are in the green zone, according to CoinMarketCap.
Holders of Dogecoin are keeping a careful eye on the price action as the meme coin gets closer to a crucial level that might lead to a much-needed breakout. The key resistance level of $0.11, where about 23,400 addresses are holding about 31 billion DOGE, is getting closer, according to on-chain data.
The price action of dog-themed cryptocurrency Dogecoin (DOGE) has been relatively quiet in recent months, consolidating between key support and resistance levels. Investors are watching closely for signs of a breakout, which could lead to significant gains in the short term.
Dogecoin maintains its position as one of the most beloved altcoins in the crypto market, and the decline over the last few months has not eroded the bullish expectations for the meme coin.
Shiba Inu's (CRYPTO: SHIB) relatively flat performance over the past week and month is accompanied by consistently rising burn rates. What Happened: The burn rate has skyrocketed by 14,506.9% thanks to a burn transaction of 25 million coins around 17 hours ago, according to Shibburn data.
Since August 4, the leading meme coin Dogecoin (DOGE) has traded within a narrow range.
BTC has struggled with adverse market conditions and a challenging environment, failing to regain momentum and trading largely between $53,000 and $60,000 for several weeks. BTC's failure to hold on to $60,000 indicates demand is drying up at higher levels, with investor hesitation peaking.
The pseudonymous social media marketing lead of the Shiba Inu team Lucie has taken to her X account to continue the recently published post about the “ugly truth” about the backstage of the listing process on some cryptocurrency exchanges.
The Dogecoin (DOGE) price is at a crucial crossroads, having recently crossed a critical resistance zone.
Dogecoin (DOGE) is currently trading at $0.102, but the popular meme-based cryptocurrency appears to be positioning itself for a potential move to the upside. Over the past five months, Dogecoin has largely traded in a downtrend with the formation of lower highs and lower lows.
As Dogecoin's (DOGE) price struggles to stabilize, buyers are taking advantage of the dip, purchasing the meme coin in large quantities. This influx of capital signals a strong belief that DOGE may be poised for a rebound.
Cryptocurrency markets are trading lower in anticipation of Wednesday's rate cut decision. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $57,981.89 -3.2% Ethereum (CRYPTO: ETH) $2,284.46 -3.8% Solana (CRYPTO: SOL) $131.17 -1.8% Dogecoin (CRYPTO: DOGE) $0.09958 -5.5% Shiba Inu (CRYPTO: SHIB) $0.00001313 -4.5% Notable Statistics: IntoTheBlock data shows a 13.7% drop in large transaction volume and a 1.2% fall in daily active addresses.
Dogecoin (DOGE) is holding strong above a key price level after a small market dip on Sunday, putting it at a crucial turning point. The meme coin recently broke out of a monthly downtrend that has kept its price suppressed since late March, signaling a potential shift in momentum.
Dogecoin breaks downtrend! Is a rally to $0.20 likely now?
Bitcoin's failure to hold $60,000 shows hesitation to buy at higher levels before the FOMC decision on Sept. 18.
Pseudonymous crypto trader Kaleo has predicted that chief meme cryptocurrency Dogecoin is going to have an exciting year in 2025.
Which one is likely to hit the $1 mark first? Let's dive deep into Dogecoin vs.
Binance already offers NEIRO tokens as a futures product. But the surprise spot listing of a different NEIRO has fuelled a rocket rally.
Dogecoin's breakout faces a crucial retest, with positive on-chain activity signaling potential for upward momentum.
Crypto investors lose $80 billion because of the crypto market selloff on Monday, with the market cap dwindling from $2.1 trillion to $2.03 trillion. Bitcoin and Ethereum prices saw a sudden selloff amid another assassination attempt on Republican presidential candidate Donald Trump at his Florida golf club Sunday.
Dogecoin started a fresh decline from the $0.1085 resistance against the US Dollar. DOGE is struggling and might soon test the $0.0980 support.
Dogecoin (DOGE) has been on a consistent downtrend since early April. The leading meme coin's price has formed a descending wedge, a pattern often associated with a bullish breakout.