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.

Dogwifhat (CRYPTO: WIF) has surged 17% over the past 24 hours, following a wider market rally in light of the Federal Reserve's interest rate cut. What Happened: Crypto trader Bleeker stated that while the timeline is silent on WIF, he is "enjoying that.

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

With the price volatility in the crypto market recording a new high, the Bitcoin price has successfully surpassed $63k with an intraday gain of 5.13%. Following this, the memecoin market cap crossed the $41 billion mark for the first time in about a month.

Pepe (PEPE) price, a popular meme coin, has recently experienced a significant rise in its market value. Currently, the price of Pepe remains steady above the critical support level.

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.

dogwifhat has made a strong comeback, hiking by 9.65% over the past 24 hours, positioning WIF to hit a 2-month high of $2.9.

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

The NEIRO coin has become a very demanding token of the market as it has not stopped making profits for its holders. Since its introduction at the beginning of August, the market has not been the most favorable, pushing every single crypto down.

As anticipation builds for a better October, frog-themed meme coin Pepe (PEPE) could be one of the first cryptos to gain. Nicknamed “Uptober,” the historically bullish month appears to be coming at the right time for PEPE's price.

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 is bouncing back with the U.S. Federal Reserve finally cutting interest rates after four years since the 2020 COVID pandemic. Similar to the global markets, the Bitcoin price surpassed the $62,000 mark with a boost in altcoins.

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.

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.

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.

PEPE shows potential for growth with bullish indicators, whale activity, and adoption.

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.

Artificial Superintelligence Alliance (FET) token is currently experiencing a dramatic increase in whale transactions, with large trades surging by 262%. This rise in activity comes despite a 10% decline in overall trading volume.

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.

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.

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.

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.

Despite big gains, some skeptics are still concerned about an impending collapse. Let's take a look at the PEPE coin price in more detail.

On-chain data shows the Dogecoin miners have been accumulating recently. Here's what this could mean for the memecoin, based on past pattern.

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

PEPE and DOGS have re-gained critical support levels, hinting at the potential for a major rally that could end the current bear market.

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.

FET surges past critical trend line! Will FET hit $2.20 next with 76% gains on the horizon?

Smart money pounced on WIF's dip to accumulate, but this move could backfire, revealing potential risks.

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.

Many industry leaders have responded excitedly to the latest post of Elon Musk revealing the advancement made by Neuralink's Blindsight project. Among those who have taken to social media to convey their excitement are cryptocurrency leaders like Dogecoin co-creator Billy Markus.

The Dogecoin price recover came as a welcome sight to investors after the meme coin struggled around $0.09 for a while. Naturally, the move in the price has prompted movement among Dogecoin investors and the whales are not left out of this.

Dogecoin (DOGE) price may have gotten the much-needed boost to kick off a rally, as network transactions have been increasing significantly.

Dogecoin faces selling pressure and bearish indicators, with potential resistance ahead.

Bitcoin (BTC) is back above $60,000 after registering an increase of over 3% in the past 24 hours as optimism around a Fed rate cut grew. Other cryptocurrencies, including Ethereum (ETH), Uniswap (UNI), FET, SUI, Aptos (APT), and Bittensor (TAO), registered notable gains.

Amid the sluggish price performance, Dogecoin is now seeing a rise in one of its major metrics. Recently, data from the market intelligence platform IntoTheBlock revealed that the asset has recently exhibited a surge in transaction activity.