Meme cryptocurrency Dogecoin (CRYPTO: DOGE) has experienced a surge in trading volume and price activity leading up to the 2024 presidential election. A Benzinga poll asks readers to choose whether a victory by Donald Trump or Kamala Harris in the election could have a more positive impact on Dogecoin in 2025.
Shiba Inu (SHIB) faced downward pressure on Monday, slipping 1.71% over the past 24 hours to $0.00001678 amid broader market consolidation.
Cryptocurrency markets are trading higher as markets predict a Trump win, boosting sentiment.
SHIB's detailed proposal to Kamala Harris & Donald Trump on election day accelerates a 8% rally for the canine crypto.
The Dogecoin price momentum is heating up as it makes another move toward the key $0.18 mark, a level that previously set an all-time high for the popular meme coin. The recent surge in the Dogecoin price has captured the attention of both traders and long-term holders, sparking speculation about a possible breakout that could take it to new heights.
Shiba Inu (SHIB) price is showing signs of potential growth, with multiple indicators suggesting room for an upward trend. After 5% gains in the last 24 hours, the 7-day MVRV metric highlights that SHIB holders are near break-even, reducing immediate selling pressure and allowing space for further gains.
Pseudonymous crypto trader Nachi has voiced strong confidence in Donald Trump winning the presidential election, resulting in a bullish outlook for AI-driven meme coins, particularly Goatseus Maximus (CRYPTO: GOAT). What Happened: The trader highlighted on X that Solana (CRYPTO: SOL) meme tokens like Popcat (CRYPTO: POPCAT) and Dogwifhat (CRYPTO: WIF) have recently corrected to attractive buy levels.
Dogecoin price has rallied since October, and data suggests it's set to go much higher.
Bitcoin's resilience may keep crypto unaffected by the 2024 US election. Economic trends, and not political shifts, drive crypto growth and long-term value.
Crypto analyst Trader Tardigrade has revealed that the Dogecoin price has marked a local bottom. He further provided insights into what could come next for the foremost meme coin, with a 100% price rally from its current level on the cards.
Dogecoin's price has shot up further as we see whether Donald Trump wins—and if Elon Musk will get to lead a government agency called D.O.G.E.
Dogecoin's (CRYPTO: DOGE) single-day 11% surge has sparked speculation in the cryptocurrency community if a strong bullish run is possible in case of a Trump election win. What Happened: Crypto chart analyst Ali Martinez flagged a “Sell” signal on Dogecoin's 4-hour chart, forecasting a potential correction to $0.161 or $0.156.
Dogecoin remains a significant player in this ever-changing crypto space, especially when the market awaits elections – however, new memecoins such as POPCAT emerged as well. Entrepreneur and financial analyst Ran Neuner did note that while Dogecoin accumulated serious gains, it is supposedly set up for a significant quantity of volatility in case a loss
Bears are not going to give up so easily, according to CoinStats.
Today's trending coins list includes a major top 10 cryptocurrency alongside two altcoins that made the list just yesterday. While some of these altcoins saw notable gains over the past 24 hours, another experienced a sharp decline.
For the second day running, meme cryptocurrencies are the top performers among the 100 largest cryptocurrencies. Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest meme coins, managed to reach massive market cap milestones despite crypto benchmarks being in the red.
The role of artificial intelligence in price forecasts
Today, the SHIB price appears to breathe new life with a reversal of its recent downtrend, reigniting anticipations of a bullish golden cross. The post Shiba Inu's Golden Cross Faces Resistance – What SHIB Traders Need to Know Now appeared first on Cryptonews.
The price of Dogecoin has jumped by 10.5% in the past 24 hours, reaching $0.168 as election fever helps the meme token to outperform the cryptocurrency market as a whole. The post Dogecoin Set to Soar? Musk's Trump Support Fuels DOGE Price Targets for Election Day appeared first on Cryptonews.
TL;DR The creation of a strategic hub for blockchain innovation in the US, called SHIB, is proposed The plan includes economic incentives, talent development, advanced infrastructure and sustainable practices. The initiative seeks to position the US as a global leader in blockchain technology and sustainable development.
In recent hours, a staggering 999,999,999 Dogecoin (DOGE), valued at approximately $169.2 million, was transferred from Binance to an unknown wallet, according to Whale Alert. This movement of such a large amount of DOGE has sparked speculation within the crypto community, as transactions of this magnitude are rare.
The Dogecoin price is once again standing out from other cryptocurrencies with a strong, independent surge. Its latest rally reflects a trend of detachment from Bitcoin's price, which typically sets the pace for most other digital assets.
Shiba Inu (SHIB) has seen its fair share of ups and downs in recent weeks, but one technical indicator that traders have been eagerly anticipating—the golden cross—has faced a significant setback. A golden cross, a widely-followed bullish signal in technical analysis, occurs when a short-term moving average (like the 50-day) crosses above a longer-term moving average (such as the 200-day), signaling potential for price momentum to the upside.
The cryptocurrency landscape is pivotal as Ripple's case with the SEC ends. This development places XRP Rivals in the spotlight, especially as the U.S. presidential election approaches.
The popular meme-inspired cryptocurrency Shiba Inu (SHIB) saw more than 40% growth in trading volume today, according to data from CoinMarketCap. Currently, Shiba Inu tokens have a combined turnover of nearly $400 million on the spot markets.
The US elections are on the cards as the top ones, like Dogecoin & Shiba Inu, are gaining back the lost attention. While the entire market is consolidating on election eve, these memecoins have been performing well, with a notable rise in the social sentiments as well.
The majority of the coins remain under sellers' pressure, according to CoinMarketCap.
Cryptocurrency analyst and trader Ali Martinez, known on the X platform under the name @ali_charts, has published a tweet to show that the original meme cryptocurrency, DOGE, loved by many traders, is facing a potential correction ahead.
Over the past 24 hours, Dogecoin (DOGE) has seen a huge increase in on-chain activity, which suggests that the major players on the market are feeling bullish about the big meme coin.
The Shiba Inu (SHIB) ecosystem is seeing a positive change as Shibarium, its layer-2 scaling solution, is operating at near-full capacity again. This comeback comes after network struggles and SHIB price rebounds, showing that investors and the wider crypto community are regaining confidence.
The price of the popular meme cryptocurrency Dogecoin (DOGE) soared over 6.3% today, with a large green candle now heralding its daily chart. As a result of this action, Dogecoin is now quoted above the $0.168 mark, which is the highest price since the end of October, and if we zoom out from the fall 2024 period, it is the highest price for DOGE since May.
Shiba Inu (CRYPTO: SHIB) is up 3.7% over the past 24 hours as positive news from its community bolster sentiment. What Happened: Pseudonymous lead developer Shytoshi Kusama suggested establishing a blockchain innovation hub in the U.S., inviting presidential candidates to endorse a "Silicon Valley" for the blockchain sector.
SHIB's bullish breakout shows promise, but resistance levels will determine its next move.
It is possible that Shiba Inu is about to surpass a six trillion SHIB transaction volume, which would indicate increased activity and interest from major holders. The number of large transactions and overall transaction volumes fluctuate according to on-chain data, reflecting periods of interest in SHIB trading activity as well as periods of stagnation.
As Bitcoin struggles to get back above the $69,000 resistance, and most of the altcoins are bleeding out with all the uncertainty caused by the US election, it does seem odd that the memecoins are starting to run. Dogecoin ($DOGE) is leading that run, and the top memecoins are following.
There is rising liquidity around DOGE as more traders become more interested in the memecoin.
Shytoshi Kusama, the lead developer of Shiba Inu, has unveiled an ambitious proposal to establish a “Strategic Hub for Innovation and Blockchain” (S.H.I.B.) in a United States city aka the “The Silicon Valley of Crypto.
While the broader crypto market experiences a slight downturn ahead of today's US presidential election, Dogecoin (DOGE) has defied the trend by surging 10% in the last 24 hours. Over the past three days, DOGE has rallied more than 20% from its local low of $0.14219 on Sunday.
The success of Dogecoin and the rest of the meme coins will happen irrespective of who wins the US 2024 presidential election.
Dogecoin outperforms the crypto market on U.S. election day, rising 13.5% amid Elon Musk's D.O.G.E. comments, Trump's poll lead, and a bullish “golden cross” setup.
Kusama stated that the project would give a very strong return, yielding $10 for every $1 invested over a decade.
As Americans gear up to cast their votes in the US presidential election, Shytoshi Kusama, the lead developer of Shiba Inu, has unveiled an ambitious initiative aimed at positioning the United States as a global leader in blockchain technology. This initiative titled the Strategic Hub for Innovation in Blockchain (S.H.I.B.
As the US heads into a pivotal election, Elon Musk has once again managed to send Dogecoin (DOGE) soaring. The Tesla and SpaceX CEO has been actively advocating for his proposed Department of Government Efficiency (DOGE), on various platforms.
As major tokens bled red, Dogecoin (DOGE) jumped more than 12% while markets dipped ahead of the much anticipated US elections. The biggest crypto, Bitcoin (BTC), looked confused as its price hovered around the $69,000 price level.
Digital assets traded in the red today as cryptocurrency enthusiasts remain skittish amidst the United States Presidential elections. Bitcoin price retraced towards the $68K mark, dragging the altcoin market lower over the past day. The bellwether token trades at $68,790 at press time, with bears signaling further declines before probable uptrends.
Shiba Inu's burn rate has skyrocketed, jumping 900% in the last week! On November 1, it saw a massive spike of 254,000%, with over 5.5 billion SHIB tokens burned.
At around 80%, the current dominance levels of Bitcoin (BTC) Ethereum (ETH) Tether (USDT) and USD Coin (USDC) on the cryptocurrency market suggest that the landscape may be changing. The market may see a reversal following one final push to this resistance level before the year ends, as the dominance of these core assets has historically peaked at about 82%.