Dogecoin (DOGE), the meme-inspired cryptocurrency, is signaling a potential breakout, with a new all-time high on the horizon.

Five whale addresses now control an astounding 57% of the entire supply, or 565 trillion SHIB tokens, which is an interesting development in the on-chain dynamics of Shiba Inu. Considering such a large concentration of funds in the hands of a small fraction of investors is raising questions ahead of potential market volatility.

Shiba Inu and Dogecoin step aside as investors flock to Lightchain AI, raising over $8.5m in its presale with tokens priced at just $0.0048. #sponsored

For those who believe in a continuance of the crypto bull market, and specifically as it pertains to memecoins, some of the crowd favourites (DOGE), (PEPE), and (BONK), are down at major support levels. Is now the time to buy?

Dogecoin (CRYPTO: DOGE) is seeing a disparity between bearish short-term price action and bullish social media sentiment driven rising social activity and increased accumulation by large holders. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.3267 $48.9 billion -6% -3% Shiba Inu (CRYPTO: SHIB) $0.00002121 $12.5 billion -4.4% -7.7% Pepe (CRYPTO: PEPE) $0.000017 $7.4 billion -4.2% -17.2% Trader Notes: Trader Tardigrade compared Dogecoin's current price pattern to its previous market cycle, highlighting the formation of a parallel channel suggesting a bullish outlook.

Dogecoin (DOGE) is gaining much attention as experts speculate it will surpass industry titans like Bitcoin (BTC) and XRP. During bull markets, Dogecoin has shown remarkable performance, and because of Elon Musk's influence on the market, this token may see a drastic change in its course in the coming months, stated WIZZ, a cryptocurrency analyst.

The Shiba Inu community has continued their effort in reducing the token's supply from the market but the recent burn rate drop has sparked concerns. According to recent data, the burning rate has declined significantly over the last 24 hours, with SHIB price also witnessing a similar trajectory.

The cryptocurrency market has been red hot lately, and top meme coins have been active participants in the powerful bull rally. Dogecoin (DOGE -3.74%) has rocketed 268% higher across the prior year's trading.

A recent report from Santiment indicates that Dogecoin's sentiment has hit a low point, prompting some analysts to suggest it may represent a buying opportunity.

Tech billionaire Elon Musk said Wednesday that his budget-cutting effort on behalf of President-elect Donald Trump would most likely not find $2 trillion in savings, backtracking on as co-head of a new advisory body, the Department of Government Efficiency, or DOGE.

Crypto experts anticipate the Dogecoin price could reach a $2 price point, predicting further gains despite the broader market's struggles. In 2024, the meme-based coin saw a remarkable 325% increase.

Billy Markus, a software developer who collaborated with Jackson Palmer to create the original meme cryptocurrency Dogecoin in 2013, has taken to his X social media account to repost a video extract from a recent speech made in the US Senate by Senator Joni Ernst (IA) from the Republican Party.

In crypto, history often repeats itself, and Dogecoin might be ready to take advantage.

Dogecoin maintains support at $0.34 following a 14% correction, with technical analysis suggesting potential for upward movement pending a break above the $0.43 resistance level.

Shiba Inu announces January 14 launch of TREAT token, completing its four-token ecosystem while experiencing market volatility with SHIB trading at $0.00002125, marking a new phase in the project's evolution from meme coin to digital network state.

The score is 1 out of 5 but there is talk of an investment opportunity for traders.

Santiment suggested that the drop could be a prime opportunity for contrarian investors to capitalize on Dogecoin's potential resurgence.

The SHIB community continues to actively remove meme coins from the circulating Shiba Inu supply. According to the data recently shared by the Shibburn tracking platform, the SHIB burn rate has plunged heavily in the last 24 hours.

On-chain intelligence platform Santiment says opportunistic traders may gain from the low levels of online chatter around leading meme coin Dogecoin (DOGE). In a Jan. 9 report, Santiment gave Dogecoin an optimistic crowd sentiment score of 1 out of 5, contrasting the positive sentiment rankings of 4 out of 5 for XRP and Solana.

Dogecoin faced a wave of selling pressure yesterday, marking a sharp 14% drop from the $0.39 level. This decline has sparked caution among investors, yet Dogecoin remains resilient, holding at a critical demand level.

Shiba Inu (SHIB) has long been known for its impressive growth, especially during the 2020/2021 bull market, where it soared by an astonishing 150 million percent in just 14 months. While its recent performance has been less spectacular, the SHIB community remains optimistic about its future potential.

Dogecoin crowd sentiment is at a low point, which could point to a buying opportunity before the crypto market starts moving higher again, according to Santiment.

After retracing below the psychological $100,000 threshold, Bitcoin has investors wondering if this is a short-term decline or a more substantial change on the market. As of right now, Bitcoin is trading at about $95,933, down 1.04% from the previous day.

The Shiba Inu (SHIB) community was left stunned when Crypto.com, one of the leading cryptocurrency exchanges, moved a massive 32.74 trillion SHIB—worth approximately $390 million—into an unknown wallet. The massive transaction, initially flagged by blockchain tracker Whale Alert, fueled various speculations, including concerns of potential hacks, whale activity, and market manipulation.

Wednesday was another trading session full of losses for all types of cryptocurrencies. Several macroeconomic news items from the previous day continued to push down sentiment, as did rising bond yields.

The Dogecoin (DOGE) price could be on the cusp of a massive price crash, as blockchain data reveals an uptick in Whales sending their tokens to major exchanges. The post Is Dogecoin Price About to Crash? Whale Sends 70 Million DOGE to Binance appeared first on Cryptonews.

Whale Alert, a prominent crypto and blockchain tracking platform, has spotted a massive DOGE deposit amid the Dogecoin price crash. This enormous deposit, involving over 70 million DOGE tokens, was moved by an anonymous whale to Binance, the world's largest crypto exchange.

Recent price movement points to a notable upside momentum for Dogecoin in the upcoming days as the general crypto market gains traction. However, certain indicators show that the dog-themed meme coin's next upward move might be tied to Bitcoin's price dynamics.

As the cryptocurrency market prepares for its next bull run, analysts issue a new Dogecoin price prediction while the market focuses on a promising new Ethereum token, WallitlQ (WLTQ). The latest market forecasts highlight Dogecoin's potential for explosive rallies and WallitlQ's soaring presale adoption, which could drive its price to new ATHs.

Cryptocurrency markets continued to slide lower on Wednesday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $94,201.98 -2.3% Ethereum (CRYPTO: ETH) $3,279.33 -3.2% Solana (CRYPTO: SOL) $194.57 -4.9% XRP (CRYPTO: XRP) $2.32 +1.9% Dogecoin (CRYPTO: DOGE) $0.3362 -4.8% Shiba Inu (CRYPTO: SHIB) $0.00002113 -3.6% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 9% and daily active addresses falling by 0.08%.

Crypto's second biggest doge-themed meme coin, the $12.6 billion Shiba Inu ($SHIB), has experienced a significant 2,133% surge in its burn rate, which coincided with a 10% increase in price. The community says these burns are helping $SHIB keep its place among the best meme coins even as the top ten leaderboard gets a reshuffle.

A whale transferred a significant 8.18 trillion SHIB coins worth $195.1 million.

Bitcoin's sell-off shows no signs of forming a bottom, which is destroying traders' appetite for altcoins.

Dogecoin price retreated for two consecutive days as sentiment in the crypto industry worsened. Dogecoin (DOGE), the largest meme coin in the cryptocurrency market, fell by 6% on January 8, reaching a low of $0.

Amid the wider market decline, meme coin Dogecoin has seen its price retrace by about 10% in the past 24 hours. At the same time, data from Coinglass shows that over $24 million worth of Dogecoin positions have been liquidated in the ensuing decline in the past 24 hours.

Dogecoin price has dropped over 10% in the last 24 hours, mirroring a widespread cryptocurrency market downturn. Bitcoin's price fell below $96K, signaling a bearish trend that triggered investor liquidations.

Dogecoin dropped 10% to below $0.37 amid a broader crypto market decline that saw Bitcoin fall to $96,000 and triggered $560 million in liquidations.

Shiba Inu's Layer 2 solution, Shibarium, has just crossed a huge milestone—over 700 million transactions. This marks a pivotal moment for the network, which is quickly becoming a key player in the Shiba Inu ecosystem.

The futures on Dogecoin (DOGE) are attracting growing interest, marking a new record for open interest and consolidating the role of the largest memecoin by market capitalization.

In recent developments, Stellar (XLM) has surpassed Shiba Inu (SHIB) in the cryptocurrency market rankings. Stellar is ranked 15th among the top cryptocurrencies by market capitalization, with a market value of $13.15 billion, while Shiba Inu has dropped to 16th, with a current market valuation of $12.69 billion.

Shiba Inu lead developer Shytoshi Kusama has recently commented on the utility of SHIB, BONE, LEASH, and the soon-to-launch TREAT token. This has gained notable traction from the investors, as the market participants eagerly await the launch of the TREAT token, expected on January 14.

The cryptocurrency market has clinched several gains in terms of asset price recovery and a broader positive regulatory projection. With eyes locked on a second Trump term in the White House, traders are betting on a higher price rally for top digital assets.

Shiba Inu coin price has crashed by over 35% from its December high and faces further downside risks as the burn rate and Shibarium fees continue to decline. Shiba Inu (SHIB) retreated to $0.

In a lighthearted tweet, Dogecoin co-founder Billy Markus, who goes by "Shibetoshi Nakamoto" on X, has reacted to Bitcoin's recent price drop of over 5%. Markus humorously commented, "bitcoin ate some fast food this morning," while sharing a Bitcoin chart to illustrate its price drop.

Dominating the crypto narrative, crypto bears are pushing down on meme coins. However, Shiba Inu, clinging to a crucial support, hints at a bounce back. Will this result in a quick V-shaped reversal?

In the last 24 hours, Shiba Inu's burn rate has surged by an astonishing 4,100%, with a total of 21,709,094 SHIB tokens permanently removed from circulation.

The Dogecoin liquidation heatmap of the past month showed that the $0.42 area was the strongest magnetic zone nearby.