Crypto trades surged to $18 billion in 24 hours, driven by altcoins like XRP and DOGE, surpassing the stock market's $14 billion performance.
A prominent cryptocurrency analyst who has gained a large following on social media after accurately calling Bitcoin's 2018 bear market bottom above $3.000 has recently revealed he believes the price of the meme-inspired Dogecoin ($DOGE) could soon see a significant breakout.
Shiba Inu gains momentum with a surge in network growth as new wallet addresses hit yearly highs.
A widely followed analyst is leaning bullish on layer-1 blockchain Avalanche (AVAX) while offering his forecast for the flagship memecoin Dogecoin (DOGE) and interoperable chain Polkadot (DOT). The analyst pseudonymously known as Rekt Capital tells his 518,000 followers on the social media platform X that Avalanche witnessed a strong November.
Dogecoin is believed to surge significantly in the ongoing market cycle to new levels due to past trends, with each cycle's performance bigger than the previous one. As the community awaits the rally, a crypto analyst has highlighted several exit points for investors in order to prevent substantial losses.
Altcoin season index hit 82, indicating a strong alt season last seen in Q4 2023.
Cryptocurrency markets are trading lower on Tuesday, with altcoins continuing their strong performance. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,114.25 +0.8% Ethereum (CRYPTO: ETH) $3,616 +0.2% Solana (CRYPTO: SOL) $236.50 +3.2% Dogecoin (CRYPTO: DOGE) $0.4116 -2% Shiba Inu (CRYPTO: SHIB) $0.00002826 -2% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 125.5% and daily active addresses growing by 28%.
On Tuesday, the U.S. government once again shifted some cryptocurrency holdings—this time, it was shiba inu (SHIB), the popular meme coin. Crypto Mystery: U.S. Marshals Service Wallet Hoards SHIB, ETH, and BUSD The government moved a staggering 54 billion SHIB on Dec. 3, a transfer flagged by Arkham Intelligence. Valued at $1.
Dogecoin has been navigating a period of choppy price action, with little opportunity for strategic buys and no decisive breakouts to guide traders. Despite this uncertainty, key data from Santiment provides a glimmer of hope for Dogecoin enthusiasts.
As the Bitcoin price eyes a surge to $120,000, market excitement is spilling over to promising altcoins. Shiba Inu (SHIB) stands to benefit significantly from this bullish market momentum as investors set optimistic targets on the altcoin.
The Dogecoin price has continued its consolidation just below the $0.44 level, but positive sentiment remains at a multi-year high. Crypto analyst Kevin, known on the social media platform X as @Kev_Capital_TA, has shared an updated perspective on a positive trajectory for the Dogecoin price, maintaining that the range of $1.30 to $1.50 is still a viable target.
Elon Musk and Vivek Ramaswamy are to address the members of U.S. Congress on Thursday with regards to their plans for the Department of Government Efficiency (D.O.G.E), drawing the attention of the crypto community to Dogecoin (CRYPTO: DOGE). What Happened: Crypto trader Bluntz encouraged his followers to get positioned in "either DOGE", referring to Dogecoin and the D.O.G.E.
Shiba Inu (SHIB) price continues to show high volatility amid mixed technical signals. With a 19.01% gain in the past seven days, SHIB maintains its position as the second-largest meme coin by market cap, trailing only Dogecoin (DOGE).
Long and short position traders alike are in the red Tuesday amid XRP's rise and dip, plus impact from South Korea's political upheaval.
Shiba Inu recorded a massive 4.23 billion SHIB burn in the past week, reducing its circulating supply significantly. Paired with a 70% monthly price surge, bullish momentum builds as whales accumulate billions in tokens.
Dogecoin Price, a popular meme-inspired cryptocurrency, has seen significant growth this November, making it one of the top performers in the market. Despite market fluctuations, DOGE continues to show resilience.
Dogecoin is already making a lot of ripples in the cryptocurrency arena, as experts are pointing to its likely spike that would transform the situation of this meme coin in the market. The currency gained over 160% in November after an outstanding month, with its pattern looking bullish nowadays, hence setting the stage for some profits.
Shiba Inu price has retreated for two consecutive days, even as the burn rate jumped by over 3,400%. Shiba Inu (SHIB), the second-largest meme coin, retreated to $0.00002765, down by 16.2% from its highest level this month.
The official X account of the layer-2 blockchain Shibarium @ShibariumNet spreads the word about launching major upgrades for the Shibarium mainnet.
DOGE is currently the seventh-largest cryptocurrency.
Due to on-chain data showing a possible influx of 33.7 trillion SHIB in the next 24 hours, Shiba Inu is getting ready for volatility. The price performance of the token and the general dynamics of the market may be significantly impacted by this enormous activity.
The latest SHIB burn data has once again ignited a tidal wave of optimism surrounding the renowned dog-themed meme crypto, Shiba Inu. Notably, the meme coin's supply continues to take a blow, as indicated by a nearly 3,400% upsurge in the burn rate on Tuesday.
Bitcoin (BTC) continued to trade in a range, oscillating between $94,000 and $98,000, maintaining its price over the past ten days, even though other prominent cryptocurrencies registered substantial gains.
With the ever-changing landscape of cryptocurrency, investors are all on a hunt for the next billion-dollar opportunity. With numerous altcoins vying for attention, three contenders stand out as potential candidates to reach the coveted $1 mark: The altcoins of Rexas Finance (RXS), Dogecoin (DOGE), and Tron (TRX).
Shiba Inu's (CRYPTO: SHIB) 72% monthly gain and its active coin-burning mechanism continue to fuel optimism among traders. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002905 $17.1 Billion +1.6% +21% Dogecoin (CRYPTO: DOGE) $0.4164 $61.2 Billion +1.7% +10.2% Pepe (CRYPTO: PEPE) $0.00002025 $8.5 Billion +1.1% +12% Trader Notes: Crypto trader Bluntz Capital expects meme coin enthusiasm to reignite retail interest in projects like Dogecoin, Shiba Inu and Floki.
The popular meme coin Shiba Inu has been showing strong growth, rising by over 21% in just a week and 73% since November. As the crypto market rallies this December, SHIB looks ready for even more growth.
In the ever-evolving crypto landscape, Chainlink (LINK) and Shiba Inu (SHIB) represent two significant approaches.
Shiba Inu (SHIB) records 13% daily gain reaching $0.00003061, posts 109% three-month growth, while analyst projects potential 179% increase to $0.000081 amid ecosystem developments.
Crypto analyst Trader Tardigrade has suggested it is too early to sell Dogecoin at its current price level. This came as he provided a profit-taking zone for the foremost meme coin in this market cycle.
A widely followed crypto strategist believes it's only a matter of time before top memecoin Dogecoin (DOGE) erupts. Pseudonymous analyst Bluntz tells his 301,200 followers on the social media platform X that DOGE only needs to take out its diagonal resistance at around $0.50 to ignite rallies to a fresh all-time high.
Shiba Inu (SHIB) has displayed significant performance over the past few weeks. Trading at $0.00001712 early in November, the meme token soared 93% to $0.000033159 on late 1 December. The robust uptrend saw the frog-themed cryptocurrencies exploring price levels not seen over the past eight months.
Dogecoin surpassed $62 billion in market capitalization while experiencing major whale movements of $102 million and record network activity with 9.23 million active addresses.
As the bullish momentum grips the cryptocurrency market, the Shiba Inu price is showing strong signs of upward movement. The popular meme coin recently surged by 20%, reaching new price highs and fueling investor optimism.
Data shared by the popular blockchain wallet tracker Shibburn has revealed that an anonymous whale has burned a mammoth-sized amount of Shiba Inu meme coins in just a single transaction.
Dogecoin has surged past a $62 billion market cap, reaching $0.44 with strong on-chain activity.
Some believe the sector has more room to grow as traders seek to benefit from heady speculations into the new year.
Last week, large crypto investors, known as whales, were very active in buying three main altcoins: Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP). Dogecoin (DOGE) Whales bought about $636 million worth of DOGE, causing its price to skyrocket by 85%.
XRP is still at the top of the cryptocurrency market, up 20% in just one day, reaching $2.44. As of right now, its market capitalization is $132 billion, making it the fourth-largest cryptocurrency in terms of market value.
Dogecoin (DOGE) price has seen a retracement in the last 24 hours after failing to breach the resistance at the intra-day high of $0.4602. During the dip, Dogecoin whales have transferred over $100 million worth of DOGE, signaling significant market interest in the asset.
Shiba Inu (SHIB) is stirring up excitement again. The meme-based cryptocurrency has seen bullish momentum lately, grabbing the attention of investors and analysts alike.
Onboarding to crypto just got easier. Apps using Coinbase's Onramp payments feature can now onramp from fiat-to-crypto using their Apple Pay Wallets.
Shytoshi Kusama, the face of Shiba Inus decentralized movement, has vowed to thwart challenges facing SHIB DAO. His pledge to defend the ecosystem and empower SHIB holders reflects the teams readiness for decisive actions against threats.
Cryptocurrency markets are trading lower on Monday, with selected altcoins recording significant gains. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,068.16 -0.98% Ethereum (CRYPTO: ETH) $3,618.32 -2% Solana (CRYPTO: SOL) $224.74 -4.5% Dogecoin (CRYPTO: DOGE) $0.4257 -0.5% Shiba Inu (CRYPTO: SHIB) $0.00002918 -4.3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 12.5% and daily active addresses falling by 12.4%.
After surging over 330% in a six-week span, Dogecoin (DOGE) has been navigating a period of consolidation, maintaining a sideways trajectory for the past three weeks. This remarkable rally was initially propelled by speculative bets on Donald Trump's victory in the US presidential election, colloquially referred to as the “Trump trade.
In a whirlwind day for Dogecoin, over 439 million DOGE worth $184 million shifted across major exchanges and wallets. The transfers involving Binance, Coinbase, and Robinhood suggest possible market preparation or heightened security measures as DOGE prices dropped 3.22%.
Dogecoin's (CRYPTO: DOGE) strong November performance has given way to a period of consolidation, but traders remain bullish about further upside to come. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.4204 $61.8 Billion -3.3% +4.3% Shiba Inu (CRYPTO: SHIB) $0.00002926 $17.2 Billion -6.7% +14% Pepe (CRYPTO: PEPE) $0.00002003 $8.4 Billion -11.4% +4.4% Trader Notes: Crypto trader Bluntz predicts an imminent breakout from Dogecoin's three-week range, expecting a "violent" upside move similar to its previous rally.
Former U.S. presidential candidate and upcoming head of the newly-created Department of Governmental Efficiency (DOGE) Vivek Ramaswamy says that the federal government's regulatory overhead will experience a “drastic” reduction, the President-elect Donald Trump associate revealed in a December 1 X post. Ramaswamy is set to slash federal regulations through DOGE alongside X CEO Elon Musk come January. The post DOGE Head Vivek Ramaswamy Says ‘Drastic' Reduction Coming To Federal Regulations appeared first on Cryptonews.
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