The majority of the coins remain under sellers' pressure, according to CoinMarketCap.
Cryptocurrency analyst and trader Ali Martinez, known on the X platform under the name @ali_charts, has published a tweet to show that the original meme cryptocurrency, DOGE, loved by many traders, is facing a potential correction ahead.
Over the past 24 hours, Dogecoin (DOGE) has seen a huge increase in on-chain activity, which suggests that the major players on the market are feeling bullish about the big meme coin.
The price of the popular meme cryptocurrency Dogecoin (DOGE) soared over 6.3% today, with a large green candle now heralding its daily chart. As a result of this action, Dogecoin is now quoted above the $0.168 mark, which is the highest price since the end of October, and if we zoom out from the fall 2024 period, it is the highest price for DOGE since May.
As Bitcoin struggles to get back above the $69,000 resistance, and most of the altcoins are bleeding out with all the uncertainty caused by the US election, it does seem odd that the memecoins are starting to run. Dogecoin ($DOGE) is leading that run, and the top memecoins are following.
There is rising liquidity around DOGE as more traders become more interested in the memecoin.
The success of Dogecoin and the rest of the meme coins will happen irrespective of who wins the US 2024 presidential election.
Dogecoin outperforms the crypto market on U.S. election day, rising 13.5% amid Elon Musk's D.O.G.E. comments, Trump's poll lead, and a bullish “golden cross” setup.
As the US heads into a pivotal election, Elon Musk has once again managed to send Dogecoin (DOGE) soaring. The Tesla and SpaceX CEO has been actively advocating for his proposed Department of Government Efficiency (DOGE), on various platforms.
As major tokens bled red, Dogecoin (DOGE) jumped more than 12% while markets dipped ahead of the much anticipated US elections. The biggest crypto, Bitcoin (BTC), looked confused as its price hovered around the $69,000 price level.
Digital assets traded in the red today as cryptocurrency enthusiasts remain skittish amidst the United States Presidential elections. Bitcoin price retraced towards the $68K mark, dragging the altcoin market lower over the past day. The bellwether token trades at $68,790 at press time, with bears signaling further declines before probable uptrends.
At around 80%, the current dominance levels of Bitcoin (BTC) Ethereum (ETH) Tether (USDT) and USD Coin (USDC) on the cryptocurrency market suggest that the landscape may be changing. The market may see a reversal following one final push to this resistance level before the year ends, as the dominance of these core assets has historically peaked at about 82%.
DOGE's price surge came after the latest Musk interaction.
Dogecoin price rally has resumed as the United States prepares to elect its next president. With its strong community support and increasing mainstream acceptance, DOGE is in a unique position to benefit from the increasing attention and political market shifts stemming from the U.S. election.
Dogecoin has been the best-performing cryptocurrency (from the top 100 list) in the past 24 hours.
Dogecoin has achieved notable 5.63% weekly gains, testing the $0.175 resistance level while outperforming major cryptocurrencies in a declining market
Dogecoin (DOGE) has surged by 10% in the past 24 hours, emerging as the top performer among the top 10 cryptocurrencies. This rally follows the November 2 Doge Day celebration, which honored Kabosu, the Shiba Inu behind the original meme and a nod to Elon Musk's influence on Dogecoin.
Dogecoin has achieved another historic milestone, as Dogecoin whales recorded their largest accumulation week since January 2024. Over 2.1 billion DOGE tokens were purchased during this period, underscoring the resurgence of interest and renewed confidence in the doggy-themed meme coin among prominent large-scale investors.
The upcoming token unlocks, including major releases, could influence crypto prices and investor sentiment.
BTC fell amid a transfer of $2.2 billion worth of the asset by defunct exchange Mt.Gox from its storage to new wallets.
Despite the BTC price struggling at the $68,000 level and the broader market chaos due to the US market elections, Dogecoin ranks as a top performer. With a bullish recovery rally leading to two consecutive bullish candles, the meme coin prepares for a massive rally.
Crypto analyst Miles Deutscher believes that memecoins could be the standout performers, regardless of the U.S. election outcome. Deutscher suggests that the unique risk-reward ratio in the memecoin sector makes it a lucrative bet, especially in uncertain political climates.
Crypto prices today have set off waves of concerns among market participants globally. Bitcoin (BTC) price waned to the $68K level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP prices witnessed a falling action.
The leader of dog-themed cryptocurrencies, Dogecoin (CRYPTO: DOGE), surged Monday after Elon Musk mentioned DOGE, an acronym for the potential Department of Government Efficiency, during a podcast with Joe Rogan. What happened: The largest meme coin by market capitalization jumped over 6% in the last 24 hours, rising to the top of the daily gainers list.
Dogecoin's impressive weekly gains are usually a sign of renewed interest in memecoins.
Bitcoin plummeted further, but Dogecoin rose as cryptocurrency investors braced for the high-stakes presidential election. Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m.
The Dogecoin price is the biggest gainer among the top cryptos by market cap on the eve of the US election. This says a lot about how the foremost meme coin could benefit most from a potential Donald Trump victory, especially with Elon Musk's involvement.
Cryptocurrency markets are trading lower on the day before the presidential election. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $67,873.44 -1.1% Ethereum (CRYPTO: ETH) $2,429.33 -0.8% Solana (CRYPTO: SOL) $159.90 -0.6% Dogecoin (CRYPTO: DOGE) $0.1596 +7.5% Shiba Inu (CRYPTO: SHIB) $0.00001691 -1.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 7.7% and daily active addresses falling by 8.4%.
The Doge Jones Industrial Average, a meme coin designed as a humorous nod to the traditional Dow Jones Industrial Average, has introduced its latest tool, a meme coin sentiment tracker to capture real-time market sentiment within the space. What Happened: The launch aims to engage younger generations such as Gen Z and Gen Alpha, who are increasingly seeking alternative avenues for financial independence amid economic uncertainties.
Top online poker site CoinPoker is launching the meme Millions Tournament Series on November 17, and as the name implies, there's $1,000,000 worth of prizes up for grabs. Whether you are new to meme coins or have already dabbled in this red-hot crypto sector, there's something in Meme Millions for everyone.
Dogecoin (DOGE), a major meme cryptocurrency, has recently experienced a notable surge in value, sparking interest across trading platforms. Over the past week, DOGE's price trajectory has consistently risen, defying market corrections and positioning it among the top gainers today.
Dogecoin is among the top tokens providing upside to crypto investors today.
As Dogecoin fan Elon Musk continues advocating for Donald Trump, DOGE is the biggest gainer in the top 100 coins Monday while Bitcoin sinks.
DOGE, ENA and XMR rallied amidst volatile BTC price action before US elections.
Analyst Viaquant has said that the Dogecoin price has formed a ‘perfect market structure.' This is bullish for the foremost meme coin as the analyst revealed that DOGE looks set to enter into a parabolic phase.
Bitcoin price trades below $70,000 as traders derisk ahead of the election. Will altcoins follow this trend or take advantage of BTC's consolidation?
Dogecoin (DOGE) price is at a pivotal moment, with technical indicators hinting at potential downside risks. The Ichimoku Cloud and DMI both point to a bearish sentiment as sellers maintain control over the trend.
Dogecoin's memecoin dominance faces challenges as five new tokens show strong potential. #partnercontent
The metrics from the broader market regarding the recovery of meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) show an interesting twist. Data from the crypto analytics platform IntoTheBlock shows a significant divergence in the whale activities from SHIB and DOGE.
Dogecoin's price held steady on Monday, outperforming other large-cap coins as traders focused on Tuesday's U.S. presidential election. Dogecoin (DOGE), the largest meme coin in the industry, rose to $0.
After recent corrections, Dogecoin (DOGE) is set for a price surge. This article will highlight crucial resistance and support levels for DOGE price.
This means users can easily deposit and withdraw their Dogecoin right from the app. If you're a Dogecoin enthusiast, this is a golden opportunity to get your paws on some $Dogecoin transfers.
As cryptocurrency markets are losing steam after the bullish completion of "Uptober," some veteran cryptocurrencies are performing surprisingly well. By contrast, popular new meme coins like Popcat (POPCAT) are in red.
Data emerging from the "first meme coin," Dogecoin (DOGE), reveals an interesting insight into investors' outlook toward the asset. As seen on CoinGlass, over the last 24 hours, over 84.9 million DOGE worth $12.8 million were liquidated from both long and short traders.
Bitcoin (BTC) briefly fell below $68,000, plunging to a low of $67,574 on Sunday as buyers struggled to hold on to $68,000 following the emergence of mixed signals. The drop marks a significant pullback from above $73,500, with recent daily candles representing considerable selling pressure, indicating a bearish outlook.
The cryptocurrency market has seen a surge of interest in meme coins, with tokens like Shiba Inu and Dogecoin making headlines in past years. However, 2024 has introduced a new contender: Vantard. This nascent project has quickly raised over $306,000, achieving the title of the year's most promising crypto presale.
Dogecoin started a downside correction from the $0.180 zone against the US Dollar. DOGE tested $0.1420 and is currently recovering losses.