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Cryptocurrency markets are trading lower despite U.S. Bitcoin ETF inflows nearing $10 billion. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,080.94 -2.8% Ethereum (CRYPTO: ETH) $3,798.59 -4.7% Solana (CRYPTO: SOL) $222.86 -5.6% Dogecoin (CRYPTO: DOGE) $0.4355 -6.3% Shiba Inu (CRYPTO: SHIB) $0.00002971 -7.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 2.4% and daily active addresses increasing by 8.7%.
Bitcoin briefly rose back above $100K on Monday morning, but has since fallen, dragging many other major assets along with it.
Solana (SOL) price is currently trading roughly 15% below its all-time high reached on November 22, while its market cap it's now at $107 billion, surpassing tech giant Xiaomi. Despite a positive BBTrend on December 8, indicating some upward momentum, it has since weakened and is now at 0.66, suggesting that the trend could reverse soon.
The crypto market faces turbulence as Bitcoin slips below $98,500. Despite minor dips, Toncoin and Solana hold key levels, sparking speculation of fresh highs. With strong fundamentals and robust network activity, the path forward hints at significant potential, even amid liquidation pressures.
Jupiter token holders approved a pair of airdrops via a revised proposal, not long after rejecting a plan to hand out $1.7 billion in JUP.
Dogecoin ($DOGE) has been demonstrating strong upward momentum in recent weeks, with technical indicators showing that it is poised to reach new price levels. Currently, the crypto has exited the oversold zone and is approaching the overbought territory.
Bitcoin's failure to hold $100,000 could attract profit booking from traders. Which altcoins will follow BTC's downtrend?
The price of Dogecoin has fallen by 4% today, but its indicators suggest it will break through the $0.50 resistance level by the end of the year. The post Dogecoin Breaks Key Resistance – $1 DOGE Incoming? appeared first on Cryptonews.
Solana has dipped by 4% in the past 24 hours, yet analysts are setting huge targets for it for next year. The post Crypto Analysts Predict $420 for Solana – Is This the Rally of the Year? appeared first on Cryptonews.
The Dogecoin price shows signs of continued bullish momentum, as a crypto analyst has predicted a potential breakout towards the $0.74 all-time high. This significant price surge is expected to occur following the meme coin's consolidation phase, which began after its recent rally above the $0.4 level.
Crypto analyst Master Kenobi has again alluded to the 91-day pattern to provide insights into where the Dogecoin price could be headed next. The analyst suggested that things could turn out differently for DOGE as its price action hasn't exactly followed this historical pattern.
The cryptocurrency market is experiencing euphoria, with Bitcoin vaulting above $100,000, propelled by more than $33 billion flowing into the world's largest crypto asset through spot ETFs.
Elon Musk and Vivek Ramaswamy are leading the Department of Government Efficiency (DOGE), an initiative aimed at cutting U.S. federal spending and reducing government waste.
Bitcoin's dip impacts Ethereum and XRP, but memecoins like Dogecoin, Baby Doge Coin, and Floki signal bullish continuations with potential for up to 60% gains.
As Bitcoin (BTC) and Binance Coin (BNB) became the first major cryptocurrencies to set new price ATHs in this cycle, experts are certain that more coins will follow the leaders soon. A CryptoQuant community analyst who goes by Maartunn shared his views.
Dogecoin's price dropped by 5% in the last 24 hours, but the bearish trend might change.
A new week has started with a market correction, as all of the top 10 coins are in the red zone, according to CoinMarketCap.
In recent hours, a substantial quantity of DOGE was transferred to Binance, one of the world's largest cryptocurrency exchanges.
As Bitcoin turns sluggish, the memecoin mania has also faded to a large extent. The most dominant memecoin, Dogecoin, has now turned bearish as the BTC price is flashing bearish signals.
Amid revolutionary announcements, technological developments, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battleground of regulatory and economic conflicts. Here is a summary of the most significant news from the past week concerning Bitcoin, Ethereum, Binance, Solana, and Ripple.
In a significant update for the Dogecoin community, a crucial reminder has been issued to Dogecoin node operators. Dogecoin node operators have been urged to take immediate action to upgrade their systems following the release of Dogecoin Core 1.14.9.
The crypto markets are contracting again as the Bitcoin price is losing grip over the rally as the token is struggling to sustain above $98,500. This has caused the other top altcoins, like Ethereum, to lose support as it drops below $3,900.
TL;DR Digital assets investment products recorded a historic $3.85 billion in inflows last week, highlighting growing institutional interest and pushing YTD totals to $41 billion. Ethereum saw its highest-ever weekly inflows of $1.2 billion, reflecting increasing confidence among institutional investors in its long-term potential.
Technical analysis shows that the Dogecoin price is still on track to reach new all-time highs this bull cycle, especially with history pointing to similar bullish scenarios that have played out before. By analyzing historical cycles on Dogecoin's monthly chart, patterns emerge that suggest a possible path toward the much-anticipated $10 milestone.
The U.S. Securities and Exchange Commission (SEC) is reportedly set to reject two proposed exchange-traded funds (ETFs) for Solana (SOL), according to Bloomberg's senior ETF analyst, Eric Balchunas.
Ethereum's Total Value Locked (TVL) has surged by an impressive $7.79 billion over the past week, marking it as the blockchain with the highest growth in TVL during this period. This significant development coincides with the temporary rise of the ETH price to $4,000, indicating renewed investor confidence in the cryptocurrency.
After a strong market rally over the month of November, the Solana price experienced notable upward momentum. Following a slight market correction, SOL is now consolidating, presenting potential buying opportunities for investors.
As Bitcoin price soars past $98,000 to retarget $100,000, Solana price is trading at $226. Amid the heating cryptocurrency market, Solana ecosystem is thriving with a total market cap of $352.82 billion and a 24-hour trading volume of $176.53 billion.
Dogecoin's (CRYPTO: DOGE) strong gains in November point to overall bullish sentiment, but traders expect a pullback in the near term. What Happened: Crypto trader Cold Blooded Shiller analyzed in a post on X how Dogecoin's recent rally mirrors the market's emotional state.
Dogecoin has captured market attention with its rally to $0.6, fueling predictions of a rise to $0.93 and even $1.05. Despite a recent dip, analysts remain optimistic about DOGEs long-term potential in the evolving crypto market.
The meme coin market is on fire, with billions of dollars in daily trades, and airdrops are helping new projects stand out. One of the most exciting airdrops right now comes from Jupiter, a top decentralized exchange (DEX) on Solana.
As Bitcoin ($BTC) continues its latest correctional phase, the memecoins are falling much faster. $DOGE, $PEPE, and $WIF are crowd favourites.
Bitcoin (BTC) dipped below the $100,000 level earlier today as its price continues to consolidate while facing resistance around the $101,000 mark. The price had risen to $101,267 early during trading but fell considerably to a low of $99,113 before marginally recovering to settle at its current level.
Dogecoin price has noted a robust rally over the last few days, indicating strong market confidence towards the meme coin. However, the DOGE rally has taken a pause recently, which has sparked widespread discussions among investors about the potential next move of the coin.
Pudgy Penguins plans to launch an 88.88 billion supply PENGU token on Solana this December, while their NFT floor price hits $74,000 and their brand expands through mobile gaming and retail channels.
Dogecoin experienced a modest rally yesterday, breaking past its local highs and reaching $0.484. The move excited the DOGE community, as the meme coin seemed ready for further gains.
Solana demonstrates sustained bullish momentum supported by technical indicators, rising open interest, and increased derivatives activity, while trading at $238.32 with strong market fundamentals.
PEPE hit a new all-time high of $0.000027 on December 8, crossing the $11 billion market cap milestone for the first time. Analysts are now predicting the crypto will continue leading the memecoin market, staying ahead of popular coins DOGE, SHIB, UNI and LTC.
Dogecoin has risen more than 370% so far in 2024.
The price of Dogecoin (DOGE) recently experienced a mild correction, dropping from a high of $0.4675 to a low of $0.4393. At the time of writing, the price was down 3.17% in 24 hours to $0.4443.
Today, Dogecoin (DOGE) is hovering around $0.43-$0.44. Price analysis by Coinidol.com.
This means you no longer have to jump through hoops to move your crypto between different networks. With this new feature, Phantom Wallet makes it as easy as pie to trade tokens across these popular blockchains.
Crypto analyst Cantonese Cat (@cantonmeow) suggests a scenario in which Dogecoin could reach $1 or even $2 relatively quickly. Posting on X, the analyst stated: “DOGE closed 3 weeks in a row above 0.786 log fib, which makes higher prices possible; don't be surprised if it hits $1 or $2 in a hurry.
Dogecoin forms a rounded bottom pattern on weekly timeframes as whale accumulation increases and technical analysts identify $0.68 as the next key resistance level.
The Dogecoin price continues to stage an attempt to rally significantly towards the highly anticipated $1 mark. Amidst this bullish trend, a crypto analyst has spotlighted a distinctive technical pattern on the Dogecoin price chart known as a “rounded bottom.
When trading coins like XRP, DOGE, Bitcoin, and Solana, traders take a risk with price volatility, meaning they either miss out on opportunities or suffer massive losses. To solve this issue, many inexperienced traders are using AI to their advantage, allowing them to stay ahead of the curve.
Active addresses on the Dogecoin (DOGE) network have reached a new all-time high following the meme coin's significant price increase in the last 30 days. This milestone has, once again, sparked speculation that DOGE could hit $1 in the short term.