Billy Markus, the founder of Dogecoin, also known as Shibetoshi Nakamoto, has recently listed his top five favourite cryptocurrencies. The first on Markus's list is Dogecoin, which is quite expected since he is one of its creators.

As the Dogecoin (DOGE) price consolidates near $0.40, bullish catalysts for the world's largest meme coin continue to build in the background, suggesting a new leg higher could be just around the corner. The post Dogecoin Price Set to Blast Past $3.0 Soon? Here's Why That's Likely appeared first on Cryptonews.

Bitcoin and Ethereum have led top crypto asset gainers following the last price rebound. Most traders expect a positive run based on both assets, citing growing institutional demand and the decentralized finance (DeFi) ecosystem.

Billy Markus, also known as Shibetoshi Nakamoto online and the creator of Dogecoin, has revealed his five favorite cryptocurrencies in a series of posts on X between the 14th and 15th of December 2024.

Bitcoin hit a new all-time high of $107,822 according to Coingecko data on Monday, as bullish hopes are fueled by President-elect Donald Trump reportedly contemplating an executive order to establish a Strategic Bitcoin Reserve. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $106,240.24 +3% Ethereum (CRYPTO: ETH) $4,052.99 +4% Solana (CRYPTO: SOL) $217.53 -1.5% XRP (CRYPTO: XRP) $2.48 +2.8% Dogecoin (CRYPTO: DOGE) $0.4049 +0.8% Shiba Inu (CRYPTO: SHIB) $0.00002744 -0.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 2.9% and daily active addresses falling by 0.4%.

Dogecoin's price rose by 2% in the past 24 hours, trading between $0.39 and $0.41. Data suggests that 5.8 billion previously idle DOGE tokens were recently moved.

Shiba Inus burn rate skyrocketed by 3,600% in 24 hours, erasing 35.6 million tokens. As SHIB battles critical resistance levels, bullish sentiment builds for a potential price rally.

The Dogecoin price could be gearing up for a potential bullish move as it approaches a critical resistance level. Following the completion of its price consolidation, a crypto analyst has suggested that technical indicators point to a significant breakout to the upside.

Sustained demand from buyers has pushed Bitcoin to a new all-time high, opening the doors for a rally toward $113,000.

Year-to-date (YTD), Shiba Inu (SHIB) price has rallied by 150%, amassing billions in volume as fresh capital flowed into the cryptocurrency at some point. However, between December 10 and the time of this writing, the Shiba Inu coin volume has decreased by $2.80 billion.

SHIB's burn rate has skyrocketed in the last 24 hours, with millions of coins burnt. This presents a bullish outlook for the Shiba Inu price, which has maintained a tepid price movement for a while despite other top meme coins witnessing significant rallies.

The last few days have been the worst for Shiba Inu (SHIB). After a series of large-scale liquidations of long positions, the price of the popular meme-inspired cryptocurrency failed to return to the key support level around $0.0000283 per SHIB, and after fixing below this mark first by a daily and then by a weekly candlestick, it continued to fall in today's trading session.

While Bitcoin surges, Dogecoin falters, leading to questions about its future and ATH prospects.

The crucial 13 trillion SHIB support level is drawing near for Shiba Inu, which could dictate its course in the near future. This level acts as a crucial obstacle for sellers and a possible lifeline for bulls looking to spark a rally.

Raoul Pal, the former hedge fund manager who retired at the age of 36 and now serves as the co-founder of Real Vision, a prominent financial media company, has given an update on his crypto portfolio. In a post on X today, December 16, Pal unveiled his concentrated investment strategy, highlighting Dogecoin as a central component of his crypto portfolio.

According to the data provided by popular service Whale Alert, which tracks down large cryptocurrency transfers, two massive crypto transactions were spotted on Binance, the world's biggest centralized cryptocurrency trading platform in terms of volume size.

Crypto analyst Elalemiami has revealed that the Dogecoin price is about to test the Gaussian channel on the chart. The analyst also mentioned what he expects to happen when DOGE touches the Gaussian band.

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum of $0.64 in 2024. With a potential surge, the DOGE price may achieve its $1 mark in 2025. Dogecoin, the memecoin category leader, has made a strong bullish comeback by achieving a multi-year high.

The cryptocurrency market has been anything but stable in recent weeks, with several major tokens grappling with resistance levels, shifting trends, and uncertain investor sentiment. XRP, Shiba Inu (SHIB), and Solana (SOL) are facing critical points in their price movements.

Data shared by the Shibburn tracking platform regarding the recent SHIB movements has revealed that a substantial amount of meme coins has been forever lost to the market during the last 24 hours.

Shiba Inu sees a 41% spike in large transactions, amid price consolidation at $0.00002759. Whale activity signals renewed market interest.

The meme coin market is gaining momentum again as SHIB and DOGE indicate a potential bull run. Meanwhile, Rexas Finance (RXS) is also generating news for its aggressive growth targets and quick presale development. Here is what to expect from these coins. Rexas Finance at $0.

Billy Markus, the creator of Dogecoin better known online as Shibetoshi Nakamoto, recently shared his top five favorite cryptocurrencies. As things stand, his top picks are Dogecoin (DOGE), Bitcoin (BTC), Avalanche (AVAX), Ethereum (ETH) and Solana (SOL), with each one having its own special reason for making the list.

Bitcoin (BTC) surged to a new all-time high during early Asian trading hours, hitting a peak of $106,449 before declining to its current level. The rally came as speculations grew about it becoming a United States reserve asset.

Bitcoin's new all-time high of $106,352 has set the stage for potential movement in Dogecoin's price, with analysts offering varied predictions ranging from a 125% increase to a 13.33% decrease by March 2025.

Technical analysis suggests Shiba Inu (SHIB) could experience a 189% price increase to $0.0000702, supported by ecosystem development and token burning mechanisms, while currently trading at $0.00002755 after an 11.20% weekly correction.

Memecoins aren't just battling altcoins; they're also losing ground on key internal fronts.

Shiba Inu price has had a great run recently after Bitcoin price blasted through a record high of $105,000. While the market occasionally retests the high, the overall crypto market boom has lifted the price of SHIB past various technical resistance regions.

When it comes to trading, success depends not just on luck or timing, but on having the right tools. This is especially true when it comes to the crypto market, known for its significant and extremely fast moves.

Whale activity in Shiba Inu has surged, with 2.79 trillion SHIB worth $76.48 million traded in a 24-hour period. This 41.39% spike suggests large holders may be reentering the market, potentially gearing up for key price movements amid broader crypto market fluctuations.

Hovering within a descending triangle pattern on the chart, XRP is clearly struggling. Although XRP experienced a huge spike earlier, it is currently struggling to recover and surpass significant resistance levels.

The MVRV ratio for DOGE suggests correction phase aligning with current price action.

Dogecoin (DOGE) has lost its bullish momentum as the bears break below the 21-day SMA. The cryptocurrency was dumped at a high of $0.48, which caused it to fall below the 21-day SMA.

The price of Shiba Inu (CRYPTO: SHIB), the second-largest meme coin, is predicted to see a significant uptick, says renowned cryptocurrency analyst Zach Humphries. What Happened: Humphries foresees a five- to six-fold price surge for SHIB, given the current market dynamics.

Bitcoin and Dogecoin are two of the most watched cryptocurrencies this cycle, with increases in the Bitcoin price mostly flowing into that of Dogecoin. At some point, the price correlation between the Dogecoin price and that of Bitcoin was at 0.97.

The price of Bitcoin came within a few hundred dollars of the record Sunday while other assets like Dogecoin and XRP are quietly climbing.

Shiba Inu (SHIB) price has fallen above the 21-day moving average line as buyers fail to sustain bullish momentum above the $0.00003300 high.

Dogecoin (DOGE) is once again capturing the attention of the market as bullish momentum surges through. Optimism regarding meme cryptos such as Dogecoin has increased as Bitcoin continues to meander near historic highs.

The week was a rollercoaster ride in the cryptocurrency world. From Peter Schiff's advice to President Biden to sell all U.S.-owned Bitcoin, to a bearish turn in the Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) markets, and a potential surge in Dogecoin's value, there was no shortage of action.

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a comeback in whale activity, with large transaction volumes surging 41.39% in the last 24 hours, according to data from IntoTheBlock.

An exploit first discovered and disclosed by crypto researcher Tobias Ruck crashed over half of the nodes of Dogecoin, a cryptocurrency with a market capitalization of over $58 billion. This event remarks that cryptocurrency projects are as vulnerable as their codebase.

The correction continues on the market at the end of the week, according to CoinStats.

Shiba Inu's breakout and impressive burn rate surge fuel optimism for a major rally.

The cryptocurrency market has long been a favorite of aggressive investors (perhaps more accurately described as speculators) because of its volatility . At their best, these digital assets can trounce traditional stock market indexes like the S&P 500 or Nasdaq Composite.

Dogecoin (DOGE) bulls are recording massive purchases amid sideways trading, signaling an uptrend in the coming months. The asset's on-chain factors are flipping green alongside top crypto on the back of institutional demand and Elon Musk's influence.

Dogecoin's price action is still drawing attention with its ongoing consolidation holding up above $0.4. At the time of writing, Dogecoin is trading around $0.409, down 14% from its recent December high of $0.4757.

The Shiba Inu (SHIB) cryptocurrency has recently made waves by breaking through a significant resistance level, sparking excitement among investors. This milestone has led some to question whether SHIB is now a better investment opportunity than its rival, Dogecoin (DOGE).