Tokens recently listed on Binance are underperforming compared to the rest of the crypto market, suggesting that price discovery movements are happening on decentralized exchanges. At the same time, traders use centralized platforms to exit liquidity. According to the analyst known by the pseudonym Ignas, the Pudgy Penguins (PENGU) tokens and ChainGPT (CGPT) are the […]
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While Dune data suggests most Pump.fun traders haven’t realized over $10,000 in profit yet; an onchain analyst argues it doesn’t fully capture what’s happening.
“Our mascot will make appearances at major events, providing unique experiences for our users,” the DOGS team announced.
Renewed investor optimism and interest in Shiba Inu (SHIB) has emerged despite market volatility. This is due to a remarkable 4,100% surge in its burn rate within just 24 hours, resulting in the removal of nearly 21.7 million SHIB tokens from circulation. The cryptocurrency is once again capturing attention in the digital asset space as this extraordinary increase highlights its significant combustion rate. Related Reading: Bitcoin As The New S&P 500 Of Our Time? This CEO Thinks So A Closer Examination Of The Burn Rate The burn rate is an essential metric for Shiba Inu, as it indicates the quantity of tokens that are irrevocably removed from circulation. The purpose of this standard procedure is to establish scarcity, which has the potential to increase the value of the remaining tokens. The most recent surge was predominantly driven by a single transaction, which resulted in the burning of nearly 21 million tokens in a single instance. A reduction in supply of this magnitude can have a beneficial effect on investor confidence and market sentiment. HOURLY SHIB UPDATE$SHIB Price: $0.00002372 (1hr -0.06% ▼ | 24hr -2.13% ▼ ) Market Cap: $13,977,981,987 (-1.97% ▼) Total Supply: 589,257,014,659,157 TOKENS BURNT Past 24Hrs: 21,709,094 (4100.35% ▲) Past 7 Days: 104,230,574 (86.58% ▲) — Shibburn (@shibburn) January 8, 2025 Still, it’s important to recognize that SHIB’s price did not line up with the notable rise in burn rate. Actually, SHIB’s price dropped 11% over this period, coming out to roughly $0.00002168. This decline in the market value of the meme coin was a result of a larger trend influencing the whole digital currency market that saw over $711 million in liquidations among other assets. Shiba Inu: Whale Activity Increases Interestingly, there have been a lot more whales in the Shiba Inu environment at the same time that the burn rate has gone up. Over 2,000% more transactions involving substantial holders happened, resulting in the exchange of around $750 million in SHIB in a 24-hr period. This rise means that big buyers are either buying more tokens or giving them to other people in response to changes in the market. Future Prospects And Market Sentiment Many members of the Shiba Inu community are optimistic about the future of the coin, despite the present price decrease. The substantial incineration rate is perceived as a proactive measure to increase scarcity and potentially result in price appreciation in the future. Investor sentiment can be unpredictable; however, community members frequently gain confidence in the project’s long-term viability when they witness significant fires. Related Reading: Bitcoin Dominance Fuels $585 Million Crypto ETP Inflows In 2025 The recent increase in the Shiba Inu’s combustion rate stimulates optimism about its future potential; nonetheless, market realities are complex. The simultaneous price fall and macroeconomic factors that lead to market volatility serve as a reminder to investors to be cautious. In the world of cryptocurrencies, volatility are unavoidable, and monitoring both whale activity and burn rates will be critical in determining SHIB’s likely future path. Featured image from Marca, chart from TradingView
Crypto will reach a turning point when it becomes as useful for companies as the internet became in the 1990s, argues Animoca Brands' co-founder.
A crypto trader with a keen eye for artificial intelligence (AI) projects has reportedly amassed profits of more than $17 million from several AI-focused tokens, and on-chain data now points to a pivot toward fresh memecoins. According to an analysis shared by Lookonchain on X, the trader’s largest gains stem from early positions taken in GOAT, ai16z, Fartcoin, and ARC. Crypto Trader Turns AI Coins Into $17 Million Lookonchain reports via X, “What a smart AI coin trader! Profits exceeded $5.14M on GOAT. Profits exceeded $4.5M on ai16z. Profits exceeded $4M on Fartcoin. Profits exceeded $4M on arc. Let’s take a look at which tokens he is buying.” Related Reading: Altcoins Surge As Crypto Market Kicks Off 2025 On A High Note The trader’s most significant win reportedly came from GOAT. He entered the token at a time when its overall market cap was below $2 million dollars, spending around $62,000 to purchase approximately 11.1 million GOAT tokens. After riding GOAT’s rapid ascent, he sold all GOAT with a total of about $5.2 million, netting an estimated $5.14 million. His performance with ai16z – a decentralized AI-powered trading fund on the Solana blockchain – is similarly impressive, as he spent one $123,000 to acquire 6.17 million tokens at a market cap of $22 million. Lookonchain’s data indicates that he sold 4.67 million ai16z tokens at around $1.78 each and still retains 2.65 million tokens currently valued near $2.9 million. According to Lookonchain, this amounts to a total ai16z profit of more than $4.5 million. The analysis also highlights significant gains from Fartcoin, which the trader bought at a market cap of under $7 million, paying $121,000 for around 9.46 million tokens. He sold 6.81 million of those tokens for $610,000 while keeping 2.65 million tokens that are collectively valued at $3.55 million, bringing his net profit on Fartcoin to roughly $4 million. A similar pattern emerged in his ARC position, where he invested $212,000 to acquire 11.6 million ARC tokens when the project’s market cap was approximately $15 million. After selling 1.6 million tokens for $212,000, he currently holds 10 million arc tokens worth about $4 million, resulting in another $4 million profit. Related Reading: Crypto Trader Capitalizes On Elon Musk’s X Name Change For 17,000% Return Lookonchain’s post also details the trader’s recent moves into several smaller-cap memecoins, including CREATE, PIPPIN, SANDY, MOLE, and FORGE. A screenshot provided by Lookonchain shows that he financed part of these purchases by selling Fartcoin in two batches of 25,000 units for $31,446.35 and $29,681.37, respectively. Additional funding appears to have come from selling Wrapped SOL (WSOL) in multiple transactions, including 100 units for $21,611, 50 units for $10,805.50, and 153 units for $33,069.42. The distribution of these WSOL sales suggests a methodical approach to securing liquidity before deploying funds into CREATE, PIPPIN, SANDY, MOLE, and FORGE. In total, he allocated $202,255 to acquire stakes in the memecoins. He spent $61,127 on CREATE, $21,611 on PIPPIN, $21,611 on SANDY, $65,486 on MOLE, and $32,420 on FORGE. At press time, GOAT traded at $0.52. Featured image from iStock, chart from TradingView.com
As the new year kicks off, the crypto world is buzzing with fresh projects promising big returns. From meme coins to eco-friendly tokens, these six cryptocurrencies are turning heads. Here’s why you should keep an eye on them. 1. Wall Street Pepe $WEPE is making a splash in the meme coin space, blending finance humor […]
Every year-end, some of the top crypto analysts and crypto firms reflect on the industry’s performance, and look forward to the next year. Traditionally, the top digital assets, like Dogecoin, are subject to market analysis and price predictions. Related Reading: Bitcoin Dominates 2024, Outperforms Gold And Major Indices – Details Galaxy Digital, a leading blockchain company, has joined the conversations and offers its price prediction for Dogecoin, the market’s leading meme coin. According to the Galaxy Digital team, Dogecoin will finally breach $1 this year and top a $100 billion market cap. In its Crypto Predictions Report, the team expects that Dogecoin’s potential performance and market cap may be affected by the new Department of Government Efficiency (D.O.G.E.) operations, which they expect to call for cuts, impacting Dogecoin’s market capitalization. Dogecoin On Track To Hit $1 Soon? As part of this year’s wrap-up, Galaxy Digital has published its predictions for top digital assets and the industry in general. In a report published on its official website on December 31st, the company offers its team’s take on Bitcoin, Ethereum, stablecoins, and meme coins like Dogecoin. According to an opinion by Alex Thorn of the Galaxy Digital team, they see the world’s top meme coin finally hitting the $1 mark and its market cap finally reaching $100 billion. The target of $100 billion as a market cap is surprising since no other meme coins have achieved this feat. In 2021, Dogecoin surged in price and, for a moment, hit $98.7 billion, but its price immediately retreated. What To Expect From Dogecoin, According To Galaxy Digital If Dogecoin’s market cap finally reaches the $100 billion valuation, the token’s price will have hit $0.678, still below its all-time high of $0.739. If Dogecoin’s price surges to $0.678 to finally hit the $100 billion mark, it means that the price will have jumped by 87%. However, the Galaxy Digital team believes that $0.678 isn’t the price peak for Dogecoin this year. According to their estimates, Dogecoin will finally surpass its current all-time high and top $1. If this scenario happens, Dogecoin’s market cap will be $147.47 billion, an increase of 176% from its current valuation. Related Reading: Dogecoin Recovery In Sight: Strong Support Hints At Bullish 2025 Galaxy Digital Team Also Offers Predictions For BTC, ETH In the same report, the Galaxy Digital team also offered their insights and price predictions for other digital assets. According to Thorn, Bitcoin will trade past $150k during the year’s first half and may test $185k by the last quarter. Thorn adds that the top digital asset will get support from increasing institutional adoption. The team expects Ethereum to trade over $5,500, adding that the second-best blockchain will benefit from favorable regulatory conditions for staking and DeFi. Ethereum will also benefit from the growing number of companies that will test their Layer 2 networks using Ethereum’s technology. Featured image by Anna Shvets from Pexels, chart from TradingView
They cited MEV as a major concern and said if they couldn’t build on Solana, they would opt for either Base or Sui.
Shiba Inu (SHIB) is back in the news courtesy of projections of a 260% price increase, which is making people very excited. There are “textbook bull signals” on the charts, which means SHIB could reach $0.000081 in the next few months, according to an analyst. But what’s making people so hopeful? Related Reading: Will Bitcoin Enter Its Most Massive Bull Cycle? This Engineer Thinks So Whale Activity Sparks Fresh Momentum Recent whale movements are yielding very significant insights into the prospects of SHIB. One such movement involved the withdrawal of 220 billion SHIB tokens, worth $4.63 million, from Binance by a single entity. Such withdrawals have usually been linked to heightened interest among institutional or high-net-worth investors, and it bodes well for the token. $SHIB (Shiba Inu) finishing up the year holding a major breakout and coming off of textbook bull signals on lower timeframes! Holding broken out, the target at $0.000081 goes unchanged and these bull signals can be pointing to a continuation within an over 264% run to reach it! https://t.co/4L9HEciT3a pic.twitter.com/qkmLQURP5u — JAVON⚡️MARKS (@JavonTM1) December 31, 2024 According to IntoTheBlock data, the large transaction and whale activity also supports this trend. As more interest is gathered, SHIB is building up the momentum needed for overcoming critical resistance levels. Breaking Resistance Levels Even though the prediction is for price growth, SHIB needs to break through a key resistance level at $0.000029. Analysts say that breaking above this level is the first thing that needs to happen for the token to reach its lofty goal of $0.000080. In the past, this resistance had stopped SHIB in its tracks, but recent good sentiment might be enough now. Meanwhile, the metrics from Coincheckup have shown an improved trading volume and market sentiment of SHIB. If this continues, the token might find the strength to overcome the current barriers it faces. The Broader Crypto Context The surge for Shiba Inu is happening in the midst of more significant changes in the cryptocurrency space. The recent stabilization of Ethereum and Bitcoin has created an opportunity for altcoins like SHIB to flourish. Furthermore, new players have entered the market as a result of memecoins’ growing appeal as speculative investments. According to other analysts, the optimism may also stem from SHIB’s long-term strategy, which centers on Shibarium, their Layer 2 blockchain. Investors find SHIB’s use case more appealing since Shibarium enables quicker transactions and cheaper costs. Related Reading: Bitcoin As A Strategic Asset? CryptoQuant CEO Questions US’s Next Move Proceed With Caution As the hype around Shiba Inu continues to grow, investors are reminded to stay informed and exercise prudent risk management. Whether SHIB reaches $0.000080 or faces further resistance, the coming months promise to be pivotal for the token’s journey. Featured image from Vector illustration. Pro Vector, Vecteezy, chart from TradingView
Despite the passage of the vote, the price of Floki is down approximately 3.6% in the last 24 hours, according to CoinMarketCap.
Cointelegraph takes a look back at three absurd memecoins launched this year, some which immortalized viral moments and one which was just hot air.
Crypto lawyers, Bitcoin hodlers and memecoin entrepreneurs were some of the biggest winners of 2024.
Memecoins surged to as high as $137 billion in December before falling to as low as $92 billion in the same month. The memecoin market lost over $40 billion in December, with traders witnessing massive volatility and shifting opportunities.
Declining network activity and interest in memecoins put a dent in Solana price, but derivatives data suggest limited downside.
Buterin’s $300,000 donation will support the Khao Kheow Open Zoo operations and the development of a dedicated exhibit for Moo Deng and her family.
Buterin has been making frequent crypto donations to charitable organizations, including memecoins that get sent to his wallet address.
According to a report published today by blockchain security firm Hacken, decentralized finance (DeFi) protocols witnessed a steep decline in exploits in 2024, while centralized finance (CeFi) platforms more than doubled their losses due to security breaches. DeFi Platforms Show Better Security Mechanisms In its annual “Web3 Security Report,” Hacken outlined the general trends in the cryptocurrency industry with regard to scams and security infrastructure. The report notes that total losses arising from security failure in 2024 stood at $2.91 billion. Related Reading: WazirX Exchange Releases Post-Mortem Report: Was North Korea Behind The $235M Exploit? DeFi protocols accounted for $474 million in losses this year, a 40% decline from $787 million in 2023. This sharp drop reflects the growing adoption of advanced security techniques, such as zero-knowledge cryptography and multi-party computation, across the DeFi ecosystem. One key factor contributing to the reduction in DeFi exploits was the sharp decline in cross-chain bridge hacks. Losses from these attacks have consistently fallen – from $1.89 billion in 2022 to $338 million in 2023, and finally to $114 million in 2024. In contrast, CeFi platforms, including cryptocurrency exchanges, reported $694 million in losses in 2024, more than double the $339 million recorded in 2023. CeFi accounted for nearly one-third of all crypto-related incidents, highlighting persistent vulnerabilities in centralized systems. Gaming and metaverse projects were another major target in 2024, responsible for nearly 20% of all crypto-related hacks, with $389 million in losses. The largest gaming/metaverse breach of the year was the PlayDapp exploit in Q1 2024, which resulted in a $290 million loss. Phishing scams also remained a significant concern, causing more than $600 million in losses this year. These scams highlight increasingly sophisticated social engineering tactics in the Web3 space. In November, the sector faced a $129 million address poisoning attack. For context, address poisoning phishing involves attackers sending small transactions from an address that closely resembles one the victim has interacted with, tricking them into mistakenly sending funds to the fraudulent address in future transactions. Memecoins And Rugpulls Continue To Prey On Users While memecoins were all the rage for the majority of 2024 – particularly on the Solana (SOL) blockchain due to its low transaction costs – a significant proportion of them preyed on investors through presale scams and celebrity-endorsed rug pulls. Related Reading: Dogecoin & Other Memecoins No Longer Grabbing Social Media Attention: Santiment One notable example is the Hawk Tuah memecoin, launched by viral influencer Hailey Welch, popularly known as “Hawk Tuah Girl”. The coin’s value plummeted 95% shortly after launch, sparking severe backlash from the wider Web3 community. The rise in memecoin-related scams also underscores the need for greater investor education, particularly when engaging with such speculative assets. At press time, Bitcoin (BTC) trades at $98,921, up 5.8% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com
The analytics firm Santiment has revealed how social media traders have moved their attention to Bitcoin from Dogecoin and other memecoins recently. Dogecoin & Other Top Memecoins Have Seen A Decline In Social Dominance In a new post on X, Santiment has talked about how cryptocurrency market sentiment on social media has changed amid the latest bearish downturn. The indicator of relevance here is the Social Dominance, which keeps track of the percentage of social media discussions related to the top 100 coins by market cap that a particular asset or group of assets is contributing right now. The indicator measures the degree of discussion or talk related to an asset by counting up the number of posts that are making unique mentions of it. The reason it doesn’t count up the mentions themselves is that they can provide a false picture of the trend being followed in the sector. Related Reading: Bitcoin To Top Above $168,500 Based On This Indicator, Analyst Reveals Focusing on just the posts means that a few outlier ones with hundreds of mentions can’t skew the data by themselves and the metric only registers a spike when discussion is spread across the major social media platforms. In the context of the current topic, the Social Dominance of two asset classes is of interest: the Layer 1 Top 6 and the Memecoin Top 6. The former includes the six largest layer 1 networks (that is, blockchains that handle their own security and aren’t built on top of another network, like Bitcoin) and the latter the six largest meme-based tokens (like Dogecoin). Below is the chart shared by the analytics firm that shows the trend in the Social Dominance for these two types of cryptocurrencies over the last few weeks: As displayed in the graph, the Social Dominance of the Memecoin Top 6 was high a couple of weeks ago, implying social media users were highly interested in Dogecoin, Shiba Inu, and other such tokens. Since then, however, the metric has followed an overall downward trajectory for this class of assets. It would appear that investor attention has shifted to Bitcoin and other layer 1 assets, as their combined social dominance has risen during the same period. Historically, whenever Dogecoin and other memecoins have been at the center of attention in the market, it has been a sign that the investors are becoming greedy. Related Reading: XRP Could Be The Altcoin To Recover Quickly, CryptoQuant Analyst Explains Why Cryptocurrency markets generally tend to move against the expectations of the majority, so it may not be a surprise that this greedy sentiment was followed by a downturn in the sector. The shift in Social Dominance to safer investments like Bitcoin would imply the investors are now becoming fearful. It’s possible that the sector would continue to decline in the coming days, but at least with the sentiment seeing a flip, there is more of a chance that a bottom can be reached. DOGE Price At the time of writing, Dogecoin is floating around $0.31, down more than 24% over the last seven days. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Memecoins dominated 31% of crypto narratives in 2024, according to a report by CoinGecko. This represents nearly 4x growth compared to last year when the theme appeased just 8.32% of investors out of 25 narratives. The rise of memecoins, initially driven by dog-themed coins, expanded into new territories in 2024, including animal- and personality-themed tokens. […]
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In a thread on X, Hitesh Malviya, co-founder of DYOR—a free on-chain analytics platform—unveiled his set of crypto predictions for the year 2025. Malviya outlines pivotal trends and shifts expected to shape the crypto landscape. Below are the top 15 predictions that stakeholders and enthusiasts should closely monitor. Top 15 Crypto Predictions For 2025 #1 US Regulation Of the Crypto Market In 2025 Malviya anticipates the formalization of the United States’ regulatory framework for cryptocurrencies by 2025. “The US crypto regulation framework has been under discussion for the past two years, but we’re yet to see any approval on it,” he states. He further predicts that during the Trump presidency, favorable regulations will emerge, significantly bolstering sectors with robust cash flows, particularly decentralized finance (DeFi). #2 Sustained Memecoin Popularity Despite anticipated regulatory interventions, Malviya expects the memecoin sector to regain its momentum. “Most of the memes will eventually have a short term hit when the regulation framework is introduced in the USA, as I don’t see them becoming part of it,” he explains. He further forecasts that regulation will “eventually create a clear divide between hyperspeculative trading assets and assets with some sort of fundamental value associated with them.” Nonetheless, like in 2024, the “majority of people will choose memes over fundamentally backed assets, even if they are not recognized by the government,” Malviya predicts, adding, “meme mania will only grow—more participants will join in the hope of changing their lives. The casino will only get bigger with time.” #3 Expansion Of Hyperspeculative Markets Beyond memecoins, Malviya foresees significant growth in hyperspeculative markets, particularly within prediction markets for events, news, affairs and almost everything. “Memes are not the most hyper-speculative market that crypto offers—prediction markets are the bigger fish in the pond. […] Prediction market platforms like Polymarket will eventually capture the largest audience in 2025,” he notes. #4 DeFi Renaissance A resurgence in DeFi is a cornerstone of Malviya’s predictions. He projects that DeFi will become a focal point for mature investors, with total value locked (TVL) in DeFi protocols surpassing $250 billion by the end of 2025. “Money markets like AAVE will eventually attract more TVL,” Malviya asserted, highlighting the role of Donald Trump’s crypto project World Liberty Financial as a key growth catalyst. “Some DeFi coins will also hit $30B-$50B market caps next year,” the expert added. Related Reading: Is The Crypto Bull Run Over? Top Exec Discusses The Market Crash #5 On-Chain Commodities Trading The integration of commodities into blockchain ecosystems is expected to gain traction. Malviya forecasts, “Different types of commodities will eventually be offered for trading on many DEXs in 2025.” Ostium Labs is identified by the expert as an early mover in this domain, with expectations that numerous projects will launch on-chain commodity trading platforms. #6 Stablecoin Market Cap Reaches $500 Billion The stablecoin sector is poised for substantial growth, with Malviya forecasting a market capitalization of $500 billion. “Many new stablecoins will eventually capture some market share from big players like USDC and USDT,” he remarked. The Reserve Protocol, facilitating asset-backed stablecoins, is singled out as a promising initiative within this expansion. #7 Rise of AI Art NFTs Artificial Intelligence-driven art NFTs are projected to garner significant attention. “Some AI artists, like Refik Anadol, can steal the maximum attention from NFT art collectors next year,” Malviya predicts. He anticipates that AI Art NFT collections may achieve floor prices reaching 100 Ethereum (ETH). Related Reading: Bitwise Exec Reveals His Personal Top 3 Crypto Predictions For 2025 #8 Staking-Driven Airdrop Mechanisms Malviya forecasts that Polygon and EigenLayer are going to have a series of major token launches next year. “I am anticipating that Polygon and EigenLayer staking will probably bring a couple of ecosystem airdrops for holders,” he explained. #9 Peak And Decline Of Initial AI Offerings (IAOs) The initial phase of IAOs is expected to reach its zenith, followed by a contraction. “IAOs are currently going through the first phase,” Malviya noted, cautioning that oversaturation will lead to the decline of many AI agents. “Only a few agents with quality data training and a clear purpose will manage to survive the AI agent winter, which is going to happen at some point next year,” the expert cautions. #10 Perpetual Bull Market Perception Malviya suggests that the bull market will persist in perception but will not be as straightforward as in the past where every altcoin surged at the same time. “That’s the saddest part of this prediction list—most people will remain delusional about a bull market, just like they are now. The market’s nature will remain rotational for a few more months,” he stated. He foresees a major correction resembling a bear cycle, yet expects an unexpected recovery influenced by potential black swan events: “I am expecting a major correction, which might resemble a bear cycle in 2025, but it will surprise people with an unexpected recovery, aligned with some potential black swan events.” #11 Focus On Privacy-Based Projects Post-regulatory clarity under Trump, privacy-centric projects are projected to gain prominence. “Confidential transactions and private computation would become a necessity at some point,” Malviya emphasized. Projects like Nillion are expected to attract substantial attention within the DeFi and DeAI sectors, catering to the growing demand for privacy solutions. #12 SUI Surpassing Solana In Daily Transactions The SUI blockchain, leveraging the SocialFi narrative, is anticipated to eclipse Solana in daily transaction volumes. “SUI is currently cooking the SocialFi narrative. Most of the application activities on SUI come from their SocialFi app, which directly deals with the creator economy. I am expecting that some of the apps from SUI will eventually crack the creator economy code and bring the masses onchain, eventually surpassing Solana in daily transaction metrics.” #13 Intense Competition Among Alternative Virtual Machines (AltVMs) The battle among AltVMs is set to intensify, with Malviya identifying contenders like Monad, MegaETH, Berachain, HyperVM, Sonic, and Sei. “One of them will capture 75% of the market share within 12 months after launch,” he predicts, attributing success to community support and developer relationships. Malviya expresses a particular interest in MegaEth Labs as a potential market leader. #14 Mainstream Adoption Of Web3 Wallets Web3 wallets are expected to achieve mainstream status, facilitated by enhanced user onboarding and intuitive interfaces. “Web3 wallets are going to become super easy for onboarding and usage next year,” Malviya states. The emergence of super apps, alongside Web3 wallets from major exchanges like OKX and Binance, is projected to drive widespread adoption through mobile platforms. #15 DEXs Capturing 30% Of Trading Volume Finally, Malviya foresees decentralized exchanges (DEXs) substantially increasing their share of trading volumes. “DEX/CEX trading volume ratio sits at 15% right now. I am expecting it to double in the next 12 months,” he asserts. The shift towards on-chain trading is attributed to the advantages of self-custody and improved onboarding technologies like account abstraction, leading to an anticipated rise in on-chain user activity. At press time, Bitcoin traded at $96,139. Featured image from iStock, chart from TradingView.com
A crypto analyst has shared a Dogecoin price chart over a daily time frame, highlighting key price levels to watch out for as the meme coin attempts to recover towards the coveted $1 milestone. Although the Dogecoin price has seen significant volatility and declines recently, the crypto analyst remains confident in the memecoin’s bullish outlook. […]
From a viral sensation to a hotly anticipated meme coin, “Hawk Tuah Girl” is now the subject of a legal battle. Related Reading: Fed Can’t Hold Bitcoin, No Plans Yet To Change Law, Powell Says The digital asset developers named after the viral social media meme are now facing a legal battle filed in the […]
The market for Dogecoin (DOGE) is contracting: the memecoin shed more than 25% of its value during the last three days. The broader market is still bearing the brunt of Bitcoin’s crash, worrying both investors and speculators. Related Reading: SUI The Rising Star: Analyst Foresees Over $25 Breakthrough Market Overview: A Sudden Change The recent drop in the value of crypto assets has caused around $787 million to be lost through liquidations of different types of digital assets. Dogecoin, which is often considered as a joke, has been among the hardest hit. Approximately $29 million in DOGE liquidations were recorded recently, with bullish positions suffering the most losses, according to CoinGlass data. In a mere 24 hours, the price of Dogecoin plummeted to a low of $0.34 before ultimately stabilizing at approximately $0.365, a 6.05% decline. Macroeconomic issues influencing more general market movements can help to explain this fall. The Federal Reserve’s concern about interest rate cuts has aggravated bearish attitude. For example, Ethereum and Dogecoin followed suit after Bitcoin’s value dropped to the $94k level. A Closer Examination Of Liquidation Issues Approximately $24 million in bullish wagers on Dogecoin were liquidated in the past 24 hours, while $5.93 million in losses were attributed to short positions. The market’s present extreme volatility is underscored by this wave of liquidations. Dogecoin is currently approaching critical support levels, as noted by analysts. Some analysts have speculated that it could fall below $0.20 if adverse momentum persists. Key support levels for DOGE are being closely monitored by market analysts. The Relative Strength Index (RSI) suggests that Dogecoin may be oversold, which could indicate a potential rebound if traders are able to effectively defend the critical price zones. Related Reading: Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report The Road Ahead For Dogecoin Despite the present challenges, market watchers’ future expectations of Dogecoin remain high. Some analysts believe that DOGE’s capacity to maintain a weekly closing above $0.26 will help to create a recovery rally toward higher goals. Still, the reality of continuous market pressures and unpredictability helps to temper this hope. As they negotiate this stormy terrain, many traders are left wondering how low Dogecoin might fall before it finds solid ground. Given the expected significant price swings in the next days and weeks, all eyes will be on this famous meme coin as it tries to recuperate in the face of a difficult crypto climate. Featured image from DALL-E, chart from TradingView
By 2025, more than 1 million AI agents could populate Web3, with staking and trading as likely early use cases, industry execs told Cointelegraph.
Shiba Inu has taken a significant step forward by partnering with Chainlink to enhance cross-chain functionality and data integration across its ecosystem, according to a Dec. 19 statement. This collaboration introduces cutting-edge interoperability features and positions the Shiba Inu network for broader adoption. Unlocking cross-chain potential The collaboration integrates Chainlink’s Cross-Chain Token (CCT) standard into […]
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The creators and promoters of the “Hawk Tuah” memecoin, inspired by Haliey Welch, are facing a lawsuit from investors who allege that the token was an unregistered security and caused significant financial losses after a sharp price collapse, Bloomberg Law reported on Dec. 19. The lawsuit was filed in the US District Court for the […]
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“The HAWK Token exhibits all the characteristics of an unregistered security under established legal precedent,” litigants claimed.
Bitcoin and other decentralized technologies such as DePIN will really come into their own in 2025, forecasts the COO of Unstoppable Domains.
Despite the controversy faced by the platform, Pump.fun earned $106 million in DApp revenue in November.