Cryptocurrency analyst and trader Ali Martinez, known on the X platform as simply Ali, has taken to his social media account to share that the largest meme cryptocurrency by market cap value, Dogecoin, is likely preparing to break out soon.

Shibarium, the layer-2 blockchain of the Shiba Inu ecosystem, has seen a staggering increase in transaction fees over the past 24 hours as, according to data from Shibariumscan, the total number of BONE spent on gas fees has jumped from 15.67 to 317 tokens, a staggering 2,024% increase.

Shiba Inu (SHIB) made waves in the crypto market, earning the title of Millionaire-Maker in 2021. However, its recent struggles have left investors looking for alternatives. In 2024, experts suggest that three cryptocurrencies—Rexas Finance (RXS), Ripple (XRP), and Chainlink (LINK)—could offer more promising millionaire-making potential.

Dogecoin (DOGE), the memecoin known for its Shiba Inu mascot, has witnessed a significant increase in network activity. Over the past week, transactions surpassed 1.93 million, according to data from IntoTheBlock, positioning DOGE above other popular tokens such as Shiba Inu (SHIB), Floki (FLOKI), and Pepe (PEPE).

Dogecoin could be gearing up for another major surge in price as the meme coin's chart shows the formation of a major pattern. The Golden Cross pattern is a major bullish formation on a chart that usually precedes a notable rally for digital assets such as DOGE.

Increasing activity for DOGE: over 1.93 million weekly transactions

In recent months, investor confidence and market traction for Shiba Inu have significantly declined. Even though the asset has transacted over 604 billion SHIB in the past day, its trading volume is still below $1 trillion, underscoring its difficulty in staying on the market.

Shiba Inu has caught the market's attention once again with a nearly 6% price rebound, signaling renewed bullish momentum for the popular meme coin. After a period of consolidation, this jump has raised speculation that the bulls might be returning to drive the price higher.

Check out which meme coins witnessed a double-digit price rally in the last 24 hours.

Meme coin leaders Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have rallied 4.5% and 8% after the announcement of a 50-basis points rate cut in interest rates. What Happened: Interest rate cuts have prompted crypto traders to predict bullish momentum for the cryptocurrency markets.

A spike in transactions suggests a potential revival of user engagement and could indicate growing adoption or increased trading activity - leading to higher prices.

PEPE price reclaimed the $0.00008 level on Sept 19, up 7% in 24-hours, amid rising market liquidity triggered by the US Fed Rate Cut announced on Wednesday.

The crypto market update for September 19, 2024 Asian trading hours sees Bitcoin break above $62,000. BTC price rose as traders cheered the US Federal Reserve's 0.5% interest rate cut – the first one since 2020. Most altcoins also traded higher, with Ethereum gaining to above $2,450.

Dogecoin (DOGE) price has been facing a prolonged downtrend for over five months, with the meme coin struggling to break free. Recent price action suggests that DOGE's anticipated breakout might not materialize anytime soon.

After a brief period of broader market volatility, the bulls are back in action, with Shiba Inu (SHIB) in the spotlight after the U.S. Federal Reserve interest rate cut. The Fed shocked the global market on Wednesday when it unveiled a 50 basis point interest rate cut, the first time in four years.

The cryptocurrency markets continued their recent uptick, with major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Toncoin (TON), in the green.

Following a prolonged period of correction and consolidation, Shiba Inu (SHIB) may be set for a bullish breakout. This development comes after the Federal Reserve interest rate cut, which has driven crypto prices up.

A serious warning has been issued to the Shiba Inu and Bitcoin communities as clipper malware, known for altering crypto wallet addresses, has resurfaced. This dangerous software threatens to redirect funds to attackers wallets, putting users at significant financial risk.

Shiba Inu (SHIB) experienced a 129% surge in large transactions, with $33 million in SHIB moved by whale holders. This comes amid growing anticipation for Shibariums upcoming liquid staking platform, which is expected to drive further engagement and SHIB burns.

Billy Markus, known on the X platform as Shibetoshi Nakamoto, who created the iconic meme cryptocurrency Dogecoin in tandem with Jackson Palmer in 2013, has shared his take on the way Bitcoin price reacted to the big interest rate loosening made by the Fed Reserve.

Amid the ongoing altcoin recovery triggered by the recent Bitcoin (BTC) price pump above $62k for the first time in September following the first Fed's rate cut on Wednesday, leading meme coin, Dogecoin (DOGE) has signaled a potential bull up run in the near term.

There has been a lot of activity on-chain for Dogecoin (DOGE) recently, which suggests that people invested in cryptocurrencies are feeling more optimistic toward the popular dog-themed meme coin.

Considering the erratic nature of crypto assets, the next project that will cash in worthwhile has always engaged the interest of almost every investor. Hence news, Rexas Finance (RXS) token circles as one of the RWA tokenizations with the potential to grow rapidly up to overtake Dogecoin (DOGE) and Toncoin (TON) in Mid 2025 market cap. In this presale, the Rexas finance token is priced so cheap at $0.04 depicting that it is at the young stage but so much enticing especially to institutional investors because of its investment value.Will Rexas Finance overtake DOGE and TON in terms of Market Cap? Why should you buy now? We answered all these questions in the article below.

Dogecoin remained under bearish pressure, with a potential retest of the immediate support level if the momentum continues.

The Shiba Inu coin could see a breakout very soon. Recent developments in the Shib ecosystem are growing the bullish sentiments. Just last week, the Shibarium received a major Bor upgrade and Cancun hard fork to boost performance, security and scalability. Adding to these developments, Shiba inu launched the K9 mainnet just 12 hours ago.

Dogecoin started a fresh increase from the $0.0985 support against the US Dollar. DOGE could gain pace if it clears the $0.1085 resistance.

Dogecoin is testing a crucial price level after a turbulent week that saw a 22% surge from local lows and a sharp 9% drop to its current price. The meme coin has experienced significant volatility, with choppy price action causing uncertainty among investors.

As it approaches the apex of a symmetrical triangle pattern, XRP is getting closer to a pivotal moment in its price movement. This pattern frequently signals substantial volatility, and XRP might be preparing for a significant move higher.

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.

The 7.8 million SHIB burn strategy could boost the memecoin if a key condition is met.

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.

Whale activity hints at major growth for SHIB, supported by rising volume and accumulation trends.

Shiba Inu (SHIB) had surged slightly by around 0.5% at the time of writing to trade at $0.0000133. The price upsurge comes amid uncertainty across the broader cryptocurrency market.

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.

Shiba Inu's Lucie exposes the inconvenient truth on why Bone ShibaSwap's (BONE) major listings are delayed.

It's not all rainbows and sunshine for an early SHIB holder, who has lately caved into a multi-million deficit.

Bitcoin is at a critical juncture, and analysts are divided about the potential impact of interest rate cuts on the market's direction.

The Shiba Inu community and the broader cryptocurrency ecosystem have been put on high alert following a critical malware warning. The alert centers around Clipper malware, a malicious software that targets cryptocurrency transactions, posing a significant threat to users' funds.

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.

Dog-themed cryptocurrency Shiba Inu (SHIB) is seeing a surge in large transactions, increasing by 129% as whale activity resurfaces.

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.

Analysts have taken notice of Shiba Inu (SHIB) recently, which sees an unusual strength even when the greater crypto market gets into chaos. Optimism for the massive upswing in price came after a recent breakout from a falling wedge pattern.

Check out which dog-themed meme coin made the headlines lately by registering an impressive price increase.