Dogecoin's next few days will depend on traders regaining their belief in it.
The meme-inspired cryptocurrency Dogecoin ($DOGE) has seen its “largest spike in active addresses in the past six months,” as the number of addresses active on its blockchain recently surged to 84,306.
Leading cryptocurrencies moved sideways Thursday as investors awaited key employment data releases to gather insight into the economy's health. Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m.
Dogecoin (DOGE), the meme-based cryptocurrency, has recently seen a sharp decline in price following a short rally to $0.12 last week. Amid this plunge in price performance, prominent crypto analyst Ali has identified key levels where its price needs to be reclaimed real soon, or there will be negative consequences.
The Dogecoin (DOGE) price is facing a potential shift toward a more pronounced downtrend, as recent technical signals suggest growing bearish momentum.
Cryptocurrency markets are trading lower as geopolitical tensions continue to loom over global financial markets. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,619.33 -1% Ethereum (CRYPTO: ETH) $2,342.84 -3% Solana (CRYPTO: SOL) $134.89 -5.8% Dogecoin (CRYPTO: DOGE) $0.103 -0.7% Shiba Inu (CRYPTO: SHIB) $0.0000159 -3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 13.4% and daily active addresses falling by 15.9%.
Mark Cuban, the famous investor in Shark Tank, is known as a famous Dogecoin advocate, but recently, he sounded decidedly unenthusiastic, saying, “I think every meme coin is essentially a rug pull waiting to happen.” What's more surprising, though, is he even said this volatility is, at least partially, what makes them so exciting.
In an interview, Mark Cuban admits that he's tempted to play the "game" that is timing meme coin investments—even if it's just musical chairs.
As we enter the tenth month of the year, the cryptocurrency market continues to struggle, having already lost over $213 billion in total capitalization since the beginning of the week. Most of this decline is, of course, due to the fact that the market's flagship, Bitcoin, failed to break through a key level of dynamic resistance at $66,000.
Buyers are not ready yet to seize the initiative, according to CoinStats.
Even with recent market corrections and geopolitical tensions, Dogecoin (DOGE) keeps seeing an uptick in both whales and retail investor activity. Data by Santiment reveals that whale transactions have hit new highs since June.
After a 16% rally the previous week, the Dogecoin price is again on a downtrend following the crypto market red zone. More importantly, it is not so unexpected for the DOGE to fall behind in the charts, as this meme-themed cryptocurrency has not been performing to its holder's expectations for years now.
Cryptocurrency analyst and trader Ali Martinez is leaning bullish on the largest memecoin by market cap.
Dogecoin‘s (CRYPTO: DOGE) bearish price action could spell more weakness, as traders see looming weakness on the charts. What Happened: Crypto trader Kevin highlighted Dogecoin's weakness on the weekly chart.
Dogecoin has experienced a significant decline recently, with prices dropping around 18% from its recent peak. Concerns regarding the meme coin's future trajectory have been raised by this abrupt decline, which has shocked the community.
Despite DOGE's price drop, whales have maintained high network activity.
The Dogecoin price reaching as high as $10 has long been anticipated by the DOGE community who have remained loyal to the meme coin despite various crashes that have rocked the price. Even with Dogecoin sitting more than 85% below its May 2021 all-time high of $0.73, expectations for the meme coin's performance are still very high.
History may have a chance to repeat itself on DOGE's price charts.
An analyst has pointed out how a Dogecoin indicator could be about to show a crossover that proved bullish the last two times for the DOGE price. Dogecoin May Be About To Show A Bullish MACD Crossover As explained by analyst Ali Martinez in a new post on X, a MACD crossover could be about to happen for DOGE soon.
Dogecoin has been caught in a whirlwind of adoption, especially when it comes to new investors. Crypto analyst Ali Martinez shared on X that the meme coin has seen a major rise in the number of new daily addresses.
Leading cryptocurrencies continued to trade in the red as geopolitical tensions kept risk appetite in check.
Both Dogecoin and Shiba Inu have emerged as major players in the meme coin world. Their light-hearted branding has proven popular in the market, catapulting them to success.
Dogecoin's price has taken a big step, back falling by 18% from its peak on Saturday. Dogecoin's brief surge has come to an end with this pullback, and the most recent chart data shows that it is currently trading at $109.09, approximately.
Meme cryptocurrency Dogecoin has had quite a few days of intriguing price action coupled with intense volatility. Notably, Dogecoin, which ended the last days of September on a bullish run, has since reversed those gains and is back where it left off just above $0.10.
The price of Dogecoin (DOGE) has fallen after a failed upward correction. On September 28, DOGE rose to a high of $0.132 before being rejected.
Cryptocurrency markets are trading lower as markets continue to cope with geopolitical uncertainty. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,836 -1.6% Ethereum (CRYPTO: ETH) $2,393 -4% Solana (CRYPTO: SOL) $140.87 -4% Dogecoin (CRYPTO: DOGE) $0.1034 -3.4% Shiba Inu (CRYPTO: SHIB) $0.00001617 -0.4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 12% and daily active addresses increasing by 17.6%.
In an unexpected twist, Dogecoin (DOGE), originally created as a parody of cryptocurrencies, has emerged as a viable payment option for businesses across the United States.
Is this the beginning of a new Dogecoin era? New wallets surge 72% as retail jumps in for the dip.
In 2023, Elon Musk made headlines when he publicly vowed to eat a McDonald's Happy Meal on live television if the fast-food giant adopted Dogecoin (CRYPTO: DOGE) as a payment method. The idea, sparked during a Twitter exchange between Musk and anonymous Dogecoin account DogeDesigner, revived Musk's previous proposal from January 2022.
Altcoin prices crumbled as Bitcoin fell to $60,000, but charts suggest buyers could step in soon.
Leading meme cryptocurrency Dogecoin (DOGE) could be on the verge of a notable rally based on the technical outlook, as identified by a prominent trading expert.
Crypto expert Ali Martinez is predicting a potentially huge rally for Dogecoin (DOGE), with historical patterns suggesting that the popular meme coin could be on the verge of doubling in price.
Billy Markus, widely known as Shibetoshi Nakamoto, one of the co-creators of Dogecoin (DOGE), has once again sparked conversation with his latest post on X (formerly Twitter), shedding light on his crypto holdings and past purchases.
A prominent crypto trader suggests that meme coins like PEPE (CRYPTO: PEPE), Dogwifhat (CRYPTO: WIF) and Popcat (CRYPTO: POPCAT) are poised for potential breakouts based on a technical indicator. What Happened: The Elliott Wave theory posits that a bullish asset often undergoes a five-wave rally before reaching its peak and usually rebounds after completing an ABC correction.
Bitcoin (BTC) fell as low as $60,300 earlier today due to escalating tensions in the Middle East that have spooked the crypto and traditional markets. The world's largest cryptocurrency is down almost 4% in the past 24 hours following Iran's attack on Israel.
Billy Markus, who is known for his contribution to the creation of Dogecoin (DOGE), the most famous meme cryptocurrency, who even adopted the nickname Shibetoshi Nakamoto, has once again touched on the matter of his cryptocurrency holdings.
After a solid run-up last week, the world's largest meme coin Dogecoin has been facing some selling pressure with the DOGE price correcting 8% in the last 24 hours now trading at $0.1085 and market cap slipping under $16 billion. However, market analysts believe that DOGE could be seeing a trend reversal to the upside
Dogecoin shows bullish potential with increased addresses and whale activity, despite a recent price dip.
The Dogecoin price experienced a significant drop this week, sliding down more than 20% at times, from a peak of $0.1321 on Saturday to a low of $0.1026 by Tuesday. Despite this decline, on-chain metrics and expert analysis suggest a potentially bullish future for the popular meme coin.
Dogecoin (DOGE), the popular meme-inspired cryptocurrency, may be on the verge of another significant price surge. Crypto chart analyst Ali Martinez has pointed out that a bullish signal is emerging, which has historically led to 90% to 180% gains for DOGE.
Dogecoin's (DOGE) price has experienced a significant 14% correction in the past two days, erasing the gains it accumulated toward the end of September. This sharp decline has led some investors to question the meme coin's trajectory.
Dogecoin extended losses and traded below $0.1120 against the US Dollar. DOGE is now stable above $0.100 and attempting a rebound.
Cat-themed memecoin Popcat (POPCAT) was the outlier Tuesday, trading in the green amid a broader memecoin meltdown precipitated by fears of war in the Middle East. What happened: The Solana (CRYPTO: SOL)-based coin was up 0.28% as of this writing, becoming the only cryptocurrency among the top 10 biggest meme coins by market capitalization to record gains.
A prominent cryptocurrency analyst has recently said that the price of the leading meme-inspired cryptocurrency Dogecoin ($DOGE) could surge over 1,000% to trade at $1.6 in the future as it breaks out of a Falling Wedge pattern.
Leading cryptocurrencies plummeted Tuesday as Iran's missile barrage toward Israel sparked fears of a full-blown regional war in the Middle East. Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m.
As October, often dubbed “Uptober” in the crypto market, unfolds, traders and investors are paying close attention to cryptocurrency charts. Recent data show that Dogecoin has seen increased network activity, indicating an increase in Doge's interest.
Cryptocurrency markets are trading lower amid escalating tensions in the Middle East. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $61,888.86 -2.5% Ethereum (CRYPTO: ETH) $2,498.87 -3.5% Solana (CRYPTO: SOL) $147.33 -5% Dogecoin (CRYPTO: DOGE) $0.1074 -9% Shiba Inu (CRYPTO: SHIB) $0.00001633 -8.3% Notable Statistics: IntoTheBlock data shows large transaction volume increased by around 99% and daily active addresses rose by 7.1%.