Bitcoin is likely to remain range-bound for a few days as the bulls and the bears battle it out for supremacy before the halving.
Crypto analyst Crypto Kaleo recently suggested that now was the best time for investors to position themselves in Dogecoin (DOGE). This came following his statement, which hinted at a price surge for the foremost meme coin in the coming days. Why Now Might Be A Good Time To Invest In DOGE In an X (formerly […]
The Dogecoin price is down double-digits today after an eventful week of upward movement. This has seen a good part of its gains eliminated in the last day, pushing the coin into the red along with the rest of the market. Why Dogecoin Price Is Down This Week Dogecoin started out Tuesday on a sour […]
DOGE, the internet’s favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical indicators, suggesting a potential price explosion on the horizon. Related Reading: Will Bitcoin Burst? Demand Outpaces Supply, Liquidity Crisis A Threat Data from Coinglass reveals a record high of over $2 billion […]
Dogecoin and Shiba Inu are trending higher than they were a year ago, but they are still a long way from their 2021 all-time high prices. While they both feature prominently in the top 20 cryptocurrencies by market cap, they are still far below the market cap of Ethereum, the second-largest cryptocurrency by market cap. […]
Dogecoin influencer, Mishaboar has predicted the timeline for Dogecoin’s native token, DOGE to be integrated into Elon Musk’s X Payments. The developer has highlighted key phases and plans that must be accomplished before cryptocurrency payments are potentially added on X. Developer Forecasts Dogecoin in X Payments Within 5 Years In a recent X (formerly Twitter) […]
Retail and institutional investors alike are taking notice as Dogecoin (DOGE), the playful cryptocurrency born from internet fame, experiences a surprising surge. Prices jumped almost 10% in a single day this week, marking a 37% increase over the past seven days, according to CoinGecko. This unexpected rally has the “Doge army” howling with excitement, but experts caution that the future of this meme-inspired coin might not be all sunshine and rainbows. DOGE up nearly 10% in the last day. Source: Coingecko From Meme To Market Mover Dogecoin, launched in 2013 as a lighthearted parody of Bitcoin, has defied expectations. It has evolved into a symbol of community-driven digital currency, attracting a passionate following. However, despite its recent rise, Dogecoin remains far from its peak of $0.73 reached in May 2021. Related Reading: Bullish Winds Blow: Bitcoin Bull Flag Points To New $77,000 ATH: Analyst Technically, Dogecoin seems to be finding support at $0.1599, a level that previously saw a rebound. On the other hand, resistance is visible near the recent high of $0.2184. As the weekend approaches, speculation runs rampant. Some analysts predict a potential dip of 6-7% for DOGE in the coming days. DOGE putting up impressive numbers in the weekly timeframe. Source: Coingecko. This forecast reignites the debate about the forces driving Dogecoin’s price. While the coin boasts a fiercely loyal community and undeniable brand recognition, its value remains susceptible to the whims of the crypto market. Speculative trading, investor sentiment, and broader market trends all play a significant role. Social Media’s Pawprints And Elon’s Tweets Social media and celebrity endorsements, particularly those from Tesla CEO Elon Musk, have undeniably shaped Dogecoin’s dramatic price swings. Musk’s tweets, often laced with humor and references to the Doge meme, have triggered sudden buying sprees, leading to periods of intense volatility. DOGE market cap currently at $31 billion on the weekend chart. Chart: TradingView.com Also, recent whale activities have accompanied Dogecoin’s price rise. The increase in activity, as seen in on-chain market dynamics, has boosted investor confidence in Dogecoin. The rise in whale accumulation shows how huge holdings influence cryptocurrency market trends and prices. Related Reading: From $90 To $400 Litecoin: Analysts Bullish On LTC Soaring Trajectory Meanwhile, Dogecoin’s adoption by Coinbase Derivatives marks a major shift in thinking, recognising its rise from a fanciful internet phenomena to a crypto asset. Dogecoin’s longevity and expansion beyond meme status indicate growing institutional and retail investor adoption. As anticipation grows for the Coinbase IPO, Dogecoin’s recent gain shows its endurance and attractiveness in the ever-changing cryptocurrency world. Featured image from Pixabay, chart from TradingView
Dogecoin has soared toward a new record in one notable metric as interest in the meme coin continues to surge. This time around, the holder base of the cryptocurrency has reached a new all-time high, signaling rapid adoption among crypto investors. Dogecoin Holders Cross 6.9 Million The month of March has come with glad tidings for Dogecoin. Not only has the meme coin’s price risen tremendously this month, its holder base has also seen a lot of growth. This month, the total DOGE holder base crossed 6.9 million for the very first time, setting a new record. However, the meme coin is not anywhere near done as the number continues to rise. Related Reading: Here’s Why The Cardano Price Is Struggling Below $0.7 According to data from the Coincarp website, the number of Dogecoin holders on the mainnet has reached 6,932,763 as of March 28. Given the growth rate of the number of holders over the last month, the number could cross 7 million before the month of March is over. This new record is a testament to the adoption that DOGE has witnessed over the last few months. Despite competitors such as BONK, PEPE, and WIF springing out of the woodwork, as well as its fiercest rival, Shiba Inu, continuing to put up a fight, Dogecoin has dominated as the leading meme coin. To put this growth in perspective, the DOGE holder base started out the year 2024 with around 6.06 million holders. Three months later, it is more than 6.9 million, meaning that the holder base grew more than 14% during this time. DOGE Outlook Continues To Be Bullish In addition to the rapid rise in Dogecoin holders, there has been a notable uptick in other metrics, such as daily transaction counts, whale transactions, and age consumed. These point to a rise in bullish sentiment among investors who expect the price to keep going up. Related Reading: Fifth Largest Bitcoin Whale Moves $6 Billion In BTC, Here’s The Destination The age consumed is particularly important here since it shows that more investors are choosing to hold their DOGE tokens for the longer term. This has significantly reduced the selling pressure on the meme coin, allowing it to rally at a time when most of the crypto market remains suppressed. Another metric that has shown a significant increase is the daily transaction volume which is up almost 50% in the last day. This uptick shows more interest in trading Dogecoin and with its price surging in the last day, it suggests that the majority of this volume is skewed toward buying rather than selling. The DOGE price is currently reflecting this surge in interest as its price is up almost 10% in the last day. However, the bears continue to maintain resistance around $0.2, forcing the meme coin back downward. DOGE price at $0.2 | Source: DOGEUSDT on Tradingview.com Featured image from Capital.com, chart from Tradingview.com
Bitcoin is looking positive, but the up move is likely to face stiff resistance above $72,000.
The dog-themed meme coin has jumped by double-digits in the past week to reclaim price levels not seen since December 2021.
Dogecoin has once again grabbed the attention of the broader crypto community, as a developer announces a groundbreaking new use case, aiming to boost utility and offer enhanced functionality for DOGE users globally. Dogecoin To Empower The Unbanked In a recent X (formerly Twitter) post, Timothy Stebbing, a developer for Dogecoin Foundation, unveiled an innovative […]
Dogecoin has been quite strong over the weekend despite other assets in the crypto space taking a beating. This has seen the meme coin favor long traders during this time. However, bulls are not completely out of the woods and a drop in price from here would be detrimental to the tune of tens of […]
Dogecoin has seen a steady rise in activity in the past two days to reverse the period of stagnancy recorded earlier in the week. At the time of writing, DOGE is up by 7% in the past 24 hours, reversing some of the corrections it has experienced in the past week. Turns out some Dogecoin whales have been going on a massive buying spree, as indicated by on-chain data. Popular crypto analyst Ali Martinez highlighted this accumulation trend by tweeting that DOGE whales have bought over 25 million DOGE worth around $3.75 million in the past three days. Crypto Analyst Reveals Dogecoin Whale Accumulation According to the Santiment chart shared by Ali Martinez on social media, wallets holding between 10 million to 100 million DOGE tokens have now pushed their total balance to 15.63 billion DOGE after adding 25 million DOGE in the past 24 hours. Related Reading: Don’t Panic: The Bitcoin Bull Market Is Far From Over, Quant Says Interestingly, the chart dynamics indicate this is a major change in sentiment from this cohort of traders, as their collective balance has been in a freefall since March 14th. #Dogecoin whales have bought 25 million $DOGE in the past 72 hours, worth around $3.75 million! pic.twitter.com/y1RnRffWhv — Ali (@ali_charts) March 21, 2024 Why Does This Matter? Crypto whales typically move the market. Increased buying or selloff from a few large traders could change the sentiment of other investors, and they could further cascade a price surge or decline. Notably, the chart shared by Martinez shows that the total balance of DOGE’s whale addresses has largely corresponded with the price increase. For example, the drop on March 14 in the total whale balance corresponded with a 33% drop in DOGE’s price from $0.1878 on March 14 to March 20. However, DOGE is now showing signs of recovery and is currently trading at $0.1629. While Dogecoin whales and FOMO buyers may temporarily push DOGE higher, its long term success really depends on whether it can transform from a memecoin into a widely used cryptocurrency. Dogecoin recently scored a point in its bid to achieve mainstream adoption. Coinbase, America’s biggest crypto exchange, revealed plans to introduce Dogecoin along with Litecoin and Bitcoin Cash to its regulated futures contract offerings. Related Reading: Crypto Expert Reveals The Possibility Of Bitcoin Reaching $500,000 According to an earlier prediction by Ali Martinez, DOGE could reach the $1 mark in April. His prediction was based off of the crypto’s performance after similar breakouts in 2017 and 2021. A large part of this prediction coming to manifestation is a bullish sentiment from whale addresses, especially if they continue on an accumulation pattern. A key price level to watch is $0.20. If DOGE breaks above this resistance level, it could continue surging higher on buying momentum. But if it fails to break $0.20 and starts dropping again, it may indicate the rally is running out of steam. DOGE price trending at $0.156 | Source: DOGEUSDT on Tradingview.com Featured image from CryptoRank, chart from Tradingview.com
On-chain data shows whale-related activity on the Dogecoin blockchain has registered a sharp 600% increase over the past month. Dogecoin Whale Transactions Have Exploded In The Last Month According to data from the market intelligence platform IntoTheBlock, DOGE whales have become quite active recently. The on-chain indicator of interest here is the Transaction Count of […]
The legal battle between the United States Securities and Exchange Commission (SEC) and Ethereum (ETH) has transformed into an intriguing case within the entire cryptocurrency landscape, with several experts predicting possible outcomes regarding the dispute. Ripple CEO Warns US SEC’s Inevitable Defeat Against Ethereum As the battle wages on, the Chief Executive Officer (CEO) of […]
Coinbase Derivatives filed for approval of a Dogecoin futures product amid rising interest in memecoin trading.
The Dogecoin price is witnessing a strong upswing today, recording an 16% increase as X Payments, under the aegis of Elon Musk, secured pivotal money transmitter licenses across three additional US states. This milestone, first reported via X News Daily on X, includes the acquisition of licenses in Illinois, New Mexico, and Oregon, propelling X […]
Musk's X Payments obtains money transmitter licenses in a trio of US states, setting the stage for a mid-2024 payment feature rollout.
Social media darling Elon Musk sent the meme-coin world into a tailspin with a seemingly innocuous St. Patrick’s Day tweet. The tech magnate, renowned for his affection for memes and his influence as “Dogefather”, posted a lighthearted image featuring three dogs adorned in festive green hats, one of them a Shiba Inu, the mascot of […]
The Dogecoin (DOGE) network has entered a period of stagnancy, as the number of addresses holding the meme coin has slowed. This is a stark contrast to February and January, when the network experienced a significant expansion. Dogecoin Has Added Only 60,000 New Addresses In March Data from the market intelligence platform Santiment shows that the total number of DOGE holders has increased by only 60,000 since the beginning of this month. At the start of the month, 6.51 million users were holding the meme coin, with this figure only increasing to 6.57 million since then. Related Reading: Bitcoin Whales Enter Full Accumulation Mode: Here’s How Much BTC They Pulled From Exchanges This is unlike February when the total number of DOGE holders rose from 5.92 million to 6.51 million. Specifically, around this same time last month, the network had already seen an increase of 450,000 in the total number of addresses holding DOGE. Meanwhile, NewsBTC reported that over 400,000 new addresses were added in two weeks between January and February. Dogecoin also set a new record in January alone when 247,240 new DOGE addresses were created on January 29. Crypto analyst Ali Martinez noted that a sustained uptrend in the network’s expansion “could soon reflect positively” on DOGE’s price. That underscores how significant the number of addresses holding the meme coin is. The stagnancy in Dogecoin’s holder activity might also come as a surprise to some in the crypto community, considering the meme coin frenzy that has taken the crypto space by storm. However, a plausible explanation is that meme coin traders aren’t necessarily invested in the prominent meme tokens but have their eyes on the undervalued gems. How Other Top Meme Coins Have Fared Data from Santiment also shows that the other two meme coins, Shiba Inu (SHIB) and Pepe (PEPE), which make up the top three largest meme coins by market cap, haven’t fared better. Shiba Inu hasn’t seen its holder count increase since the beginning of the month, with the total number of users holding the meme coin still at 1.38 million. Related Reading: Is Ripple Behind The XRP Price Crash? Massive Selling Spree Sparks Concern On the other hand, PEPE still has less than 200,000 holders despite boasting a year-to-date (YTD) gain of over 370%. These figures place DOGE firmly ahead of SHIB and PEPE in terms of the number of users they all have. Dogecoin is expected to see its user base pick up once again as soon as there is a renewed interest in network functionalities like the Doginals. At the time of writing, DOGE is trading at around $0.12, down almost 14% in the last 24 hours, according to data from CoinMarketCap. DOGE price at $0.12 | Source: DOGEUSDT on Tradingview.com Featured image from Vietnam Insider, chart from Tradingview.com
Crypto traders are struggling to hold Bitcoin price above $68,000, and altcoins are suffering as a result of BTC's weakness.
A Dogecoin (DOGE) whale recently offloaded significant portions of their DOGE holdings in an act of profit-taking. This action has negatively affected the meme coin’s price, which has been on a downward trend since then. Related Reading: Shiba Inu Partner Token Makes Waves On Leading US TV Station Dogecoin Whale Offloads 86 Million DOGE On-chain […]
The prices of both Shiba Inu and Dogecoin fell double-digits on Friday after Bitcoin dropped below $67,000. This decline has seen both meme coins lose their gains for the last few days, triggering losses for investors and traders alike. But what was the cause of the crash? Dogecoin, Shiba Inu Follow Bitcoin The price eras […]
The world’s richest man, Elon Musk, has broken his silence on when customers will be allowed to use Dogecoin to purchase Teslas. Musk also explained why he is so fond of the meme coin and has continued to support it all this while. Tesla Will Enable Dogecoin Payments “At Some Point” While addressing employees at […]
Bitcoin hit a new all-time high, but the failure to sustain the breakout suggests that bears remain active at higher levels.
The sharp recovery in Bitcoin and Ether shows that the bulls remain in control, and every dip is being viewed as a buying opportunity.
Meme coins are still the biggest winners—despite the crypto crash this morning.
Pepe token price has risen nearly 400% in the past week and its market cap has doubled in the past two days.
Bitcoin targets new highs above $55,000. Will altcoins follow?
Bitcoin is trading sideways with a negative bias, increasing the possibility of a short-term correction that could pull altcoins lower.